News
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TABLE-North Sea gas maintenance schedule: Revises Kollsnes outage
Oct 29 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
Wed, Oct 29
Nissan CPO Cartier: Smyrna Down Due To Supplier Issue, Impact Will Be Short Term
Oct 29 (Reuters) - Nissan Motor Co Ltd 7201.T Chief Performance Officer Cartier:ABOUT NEXPERIA CHIP ISSUE: WE'RE OKAY GLOBALLY AT LEAST UNTIL THE FIRST WEEK OF NOVEMBERSMYRNA DOWN DUE TO SUPPLIER ISSUE, IMPACT WILL BE SHORT TERMReuters
Wed, Oct 29
China buys three US soybean cargoes ahead of Trump-Xi meeting, sources say
BEIJING/SINGAPORE, Oct 29 (Reuters) - China's state-owned COFCO bought three U.S. soybean cargoes this week, two trade sources said, the country's first purchases from this year's U.S. harvest ahead of this week's summit of leaders Donald Trump and Xi Jinping.Reuters
Wed, Oct 29
Silver Price Forecast: XAG/USD recovers further to $47.50; not out of the woods yet
Silver (XAG/USD) is trading with a positive bias during the Asian session on Wednesday and looking to build on the overnight bounce from the vicinity of mid-$45.00s, or the lowest level since September 25.
Fxstreet
Wed, Oct 29
Malaysia's ban on raw rare earths exports remains despite U.S. deal, trade minister says
KUALA LUMPUR, Oct 29 (Reuters) - Malaysia will maintain a ban on the export of raw rare earths to protect its domestic resources, despite signing a critical minerals deal with the United States this week, the trade minister said on Wednesday. Speaking in parliament, Minister Tengku Zafrul Aziz dismi...Reuters
Wed, Oct 29
Liberty Caribbean Says It Is Working With Starlink Direct To Cell To Provide Emergency Service In Jamaica During Hurricane Melissa Aftermath
Oct 29 (Reuters) - Liberty Latin America Ltd LILA.O:LIBERTY CARIBBEAN WORKING WITH STARLINK DIRECT TO CELL TO PROVIDE EMERGENCY SERVICE IN JAMAICA DURING HURRICANE MELISSA AFTERMATHReuters
Wed, Oct 29
China buys three US soybean cargoes ahead of Trump-Xi meeting, sources say
BEIJING/SINGAPORE, Oct 29 (Reuters) - China's state-owned COFCO purchased three U.S. soybean cargoes this week, two trade sources said on Wednesday, ending a months-long hiatus ahead of the upcoming meeting between Chinese President Xi Jinping and U.S. President Donald Trump.COFCO purchased arou...Reuters
Wed, Oct 29
PRESS DIGEST- New York Times business news - October 29
Oct 29 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- UPS UPS.N has since last year reduced its work force by 48,000 employees, in a cost-cutting drive aimed at boosting profits and wi...Reuters
Wed, Oct 29
Malaysia's ban on raw rare earths exports remains despite U.S. deal, trade minister says
KUALA LUMPUR, Oct 29 (Reuters) - Malaysia will maintain a ban on the export of raw rare earths to protect its domestic resources, despite signing a critical minerals deal with the United States this week, the trade minister said on Wednesday. Speaking in parliament, Minister Tengku Zafrul Aziz dismi...Reuters
Wed, Oct 29
Tariffs to raise costs, delay oil and gas projects in 2026, report says
Oct 29 (Reuters) - U.S. President Donald Trump's sweeping tariffs are set to raise operating costs, disrupt supply chains and weaken investment momentum for the oil and gas industry in 2026, a report published by Deloitte showed on Wednesday. WHY IT'S IMPORTANTThe energy industry reli...Reuters
Wed, Oct 29
GRAINS-Soybeans pause their rally as traders await US-China deal
CANBERRA, Oct 29 (Reuters) - Chicago soybean futures fell on Wednesday as U.S. farmers took profits after prices climbed in the previous session to their highest level since July 2024, fuelled by optimism that China may resume purchases of U.S. soybeans.Corn futures also slipped, while wheat edged h...Reuters
Wed, Oct 29
PRECIOUS-Gold steadies ahead of Fed verdict; trade optimism limits upside
US Fed policy statement due at 1800 GMTGold slipped to three-week low on TuesdayBy Brijesh Patel Oct 29 (Reuters) - Gold prices inched higher on Wednesday, ahead of a widely expected interest rate cut from the Federal Reserve, although easing U.S.-China trade tensions kept bullion strength in che...Reuters
Wed, Oct 29
METALS-Copper struggles for clear direction as Fed decision, Trump-Xi meeting loom
Oct 29 (Reuters) - Copper prices were little changed on Wednesday, as investors awaited the Federal Reserve's rate decision and cues from a planned meeting between U.S. President Donald Trump and Chinese leader Xi Jinping. Three-month copper on the London Metal Exchange CMCU3 eased 0.41% to $...Reuters
Wed, Oct 29
Oil edges up on US crude inventory draw
US crude stocks fell last week, market sources citing American Petroleum Institute figuresUS excludes Rosneft Germany from Russia sanctionsIndian refiners halt new Russian oil orders, sources sayOPEC+ considering modest output increase in DecemberBy Sam Li and Lewis Jackson Oct 29 (Reuters) - Oil...Reuters
Wed, Oct 29
WTI edges lower to near $60.00 on OPEC+ output plans
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $60.15 during the early Asian trading hours on Wednesday. The WTI declines amid a potential plan by the Petroleum Exporting Countries and its allies (OPEC+) to raise output.
Fxstreet
Wed, Oct 29
PRECIOUS-Gold rebounds on bargain hunting ahead of Fed verdict
Oct 29 (Reuters) - Gold prices edged higher on Wednesday as bargain hunters stepped in after bullion dropped to a three-week low in the previous session, with investors now awaiting the Federal Reserve's rate decision later in the day.FUNDAMENTALSSpot gold XAU= was up 0.7% at $3,977.49 per ounce...Reuters
Wed, Oct 29
Jamaica's strongest-ever storm, Hurricane Melissa, turns to Cuba
Half a million people evacuated in CubaHundreds of thousands of Jamaicans without powerParts of western Jamaica 'underwater,' minister saysSouthwest Jamaica was battered by Beryl last yearBy Zahra Burton and Sarah MorlandKINGSTON, Oct 28 (Reuters) - Hurricane Melissa churned toward Cuba'...Reuters
Wed, Oct 29
GRAINS-Soybeans pause their rally as traders await US-China deal
CANBERRA, Oct 29 (Reuters) - Chicago soybean futures edged lower on Wednesday amid selling by U.S. farmers after prices surged in the previous session to their highest point in 15 months, supported by hopes that China will agree to resume purchases of U.S. soybeans.Corn futures slipped and wheat tra...Reuters
Wed, Oct 29
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Oct 29 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$65.21sup $64.23/$63.44Palm oil (3rd month)4,308/4,327/4,346 ringgitsup 4,270/4,215 ringgitWTI(1st month)$60.56/$60.84sup $59.83/$59.38/$58.93Spot gold$4,026sup $3,939...Reuters
Wed, Oct 29
