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Oil dips as OPEC output plans offset US-China trade optimism
Oct 28 (Reuters) - Oil prices slipped on Tuesday, extending falls from the two previous sessions, as pressure from plans by OPEC to boost output offset optimism over a potential U.S.-China trade deal.Brent crude futures LCOc1 fell 4 cents to $65.58 a barrel by 0106 GMT. U.S. West Texas Intermediate ...Reuters
Tue, Oct 28
Venezuela suspends energy agreements with Trinidad, including gas projects
By Vivian Sequera and Deisy Buitrago CARACAS, Oct 27 (Reuters) - Venezuela has suspended energy-development cooperation with Trinidad and Tobago, including joint natural gas projects in the works, Venezuelan President Nicolas Maduro said on Monday. Maduro said in a TV broadcast that the oil mi...Reuters
Tue, Oct 28
Chevron Pasadena, Texas Refinery Reports Maintenance
Oct 28 (Reuters) - CHEVRON: REPORTS MAINTENANCE ACTIVITIES THIS WEEK MAY REQUIRE INTERMITTENT USE OF FLARING AT PASADENA, TEXAS REFINERYREPORTS NO COMMUNITY IMPACTS ARE ANTICIPATED SOURCE: COMMUNITY ALERT REFINERY CAPACITY: 118,750 BARRELS PER DAYReuters
Tue, Oct 28
GRAINS-Chicago soybeans continue rally on China-US trade hopes; wheat, corn retreat
BEIJING, Oct 28 (Reuters) - Chicago soybean futures extended gains on Tuesday, hovering near a more than four-month high hit in the previous session, on hopes that China will resume purchases of U.S. soybeans after President Donald Trump said both countries were set to reach a trade deal during his ...Reuters
Tue, Oct 28
Oil settles lower as OPEC plans to increase oil output
HOUSTON, Oct 27 (Reuters) - Oil prices settled marginally lower on Monday as OPEC's plans to increase oil output once again outweighed hopes of a trade deal framework between the U.S. and China and renewed U.S. sanctions on Russia.
Reuters
Tue, Oct 28
PRECIOUS-Gold hovers near two-week low as US-China trade optimism dents demand
Oct 28 (Reuters) - Gold prices hovered on Tuesday near their lowest in more than two weeks, as optimism over a possible U.S.-China trade deal dented demand for the safe-haven metal, while investors looked forward to major central bank policy announcements this week.FUNDAMENTALSSpot gold XAU= was fla...Reuters
Tue, Oct 28
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Oct 28 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$65.44/$64.17res $66.70/$68.26Palm oil (3rd month)4,346/4,308 ringgitres 4,385/4,397/4,409 ringgitWTI(1st month)$60.84/$60.11res $61.58/$62.03/$62.54Spot gold$3,915res...Reuters
Tue, Oct 28
Takaichi, Trump to sign joint document on securing rare earth minerals, Asahi says
TOKYO, Oct 28 (Reuters) - Japanese Prime Minister Sanae Takaichi and U.S. President Donald Trump are in the final stages of preparing a joint document on securing rare earths and other critical minerals and strengthening supply chains, the Asahi Newspaper reported on Tuesday. The agreement, whichReuters
Tue, Oct 28
Gold Price Forecast: XAU/USD slumps to near $4,000 on US-China trade progress
Gold price (XAU/USD) tumbles to a two-week low near $4,000 during the early Asian session on Tuesday. The precious metal attracts some sellers after the United States (US) and China agreed on a framework for a trade deal.Fxstreet
Tue, Oct 28
Canada regulator pauses review of Trans Mountain's interim tolls application
Oct 27 (Reuters) - The Canada Energy Regulator (CER) said on Monday it has approved Trans Mountain's request to pause the regulatory process for its interim tolls application.This includes postponing a public hearing that was scheduled to start on November 17, the CER added. The operator of Cana...Reuters
Mon, Oct 27
NextEra Energy partners with Google to restart Iowa nuclear plant
By Laila Kearney and Vallari Srivastava Oct 27 (Reuters) - NextEra Energy NEE.N and Google GOOGL.O have reached an agreement to restart an Iowa nuclear power plant shut five years ago, the companies said on Monday, in another sign that data-center power demand is renewing interest in U.S. nuclea...Reuters
Mon, Oct 27
ROI-Saudi OPEC strategy pulled by warring US, Russia interests: Bousso
OPEC+ meets on November 2 to discuss oil production targetsTrump will likely repeat call on OPEC to increase output after hitting Russia with sanctionsRussia likely to support stopping or reversing increasesBy Ron Bousso LONDON, Oct 28 (Reuters) - Saudi Arabia is caught between Donald Trump and a...Reuters
Mon, Oct 27
US Cash Grains-Corn basis mixed; CBOT rally spurs farmer selling
CHICAGO, Oct 27 (Reuters) - Basis bids for corn were mixed in the U.S. Midwest on Monday and the soybean basis was mostly flat, while farmer sales picked up as Chicago Board of Trade corn and soy futures hit their highest levels in months on hopes for a U.S.-China trade deal, brokers said. GRA/CBOT ...Reuters
Mon, Oct 27
Operations remain curtailed at Citgo's Corpus Christi east refinery
Oct 27 (Reuters) - Operations at Citgo’s Corpus Christi east refinery in Texas continue to be curtailed following an operational issue last week, with restoration efforts currently underway, the company said on Monday. "Brief flaring may result as we work to restore operations in the coming days...Reuters
Mon, Oct 27
CIF/FOB Gulf Grain-Soybean barge bids firm on US-China deal optimism
CHICAGO, Oct 27 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals firmed on Monday after the United States and China agreed on the framework of a trade deal that could revive purchases by the top U.S. soy importer, traders said.Traders could not confirm any sales to C...Reuters
Mon, Oct 27
Nucor profit beats estimates on strong shipments, pricing
Oct 27 (Reuters) - U.S. steelmaker Nucor NUE.N reported better-than-expected profit for the third quarter on Monday, buoyed by higher product pricing and robust shipments, sending its shares up nearly 3% in extended trading.The company has benefited from a fall in steel imports into the U.S. after P...Reuters
Mon, Oct 27
US Cash Crude-Grades largely firm after volatile roll trade period
Oct 27 (Reuters) - Physically traded U.S. crude grades strengthened on Monday, the first day of December delivery, dealers said, after a volatile roll trading period. WTI Midland gained 35 cents, while WTI at East Houston, also known as MEH, climbed 25 cents.Traders use the three-day roll period to ...Reuters
Mon, Oct 27
NextEra Energy partners with Google to restart Iowa nuclear plant
Oct 27 (Reuters) - U.S. utility NextEra Energy NEE.N and Alphabet's GOOGL.O Google have singed a power supply deal, which would help restart the Duane Arnold nuclear plant in Iowa.After years of stagnation, the nuclear industry is witnessing a renaissance, driven by a huge surge in power demand ...Reuters
Mon, Oct 27
Russia's Lukoil says it plans to sell international assets due to Western sanctions
Planned sale is the most consequential action yet for a Russian company over sanctionsLukoil has vast international exposure, including in Europe, Middle East Lukoil says it is considering bids from potential purchasers MOSCOW, Oct 27 (Reuters) - Russia's second-largest oil producer, Lukoil ...Reuters
Mon, Oct 27
