News
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Mexico's Pemex reports Q3 net loss of 61.25 bln pesos
MEXICO CITY, Oct 27 (Reuters) - Mexican state energy company Pemex reported a 61.25 billion peso ($3.34 billion) third-quarter net loss on Monday, according to a filing with the Mexican stock exchange.Revenues for one of the country's biggest companies during the July-to-September period totaled...Reuters
Mon, Oct 27
Oilfield giants pivot to booming AI infrastructure as drilling demand wanes
By Arunima KumarOct 27 (Reuters) - Oilfield services giants SLB SLB.N, Halliburton HAL.N and Baker Hughes BKR.O are turning to data centers and related artificial intelligence infrastructure work to drive their next phase of growth as they navigate slowing drilling demand and idle rigs across North ...Reuters
Mon, Oct 27
Indiana Michigan Power's Cook Nuclear Plant Unit 2 Completes Fall 2025 Refueling Outage
Oct 27 (Reuters) - INDIANA MICHIGAN POWER AEPIG.UL:SAYS COOK NUCLEAR PLANT UNIT 2 COMPLETED ITS FALL 2025 REFUELING OUTAGE WHICH BEGAN SEPTEMBER 20, CONNECTING TO THE TRANSMISSION GRID AT 2:12 A.M, OCTOBER 25.SAYS COOK'S UNIT 1 REMAINED SAFELY AT FULL POWER FOR THE DURATION OF THE 35-DAY UNIT 2 ...Reuters
Mon, Oct 27
CXS Says Customers To Expect Shipment Delays In Virginia After Oct 25 Derailment
Oct 27 (Reuters) - CSX Corp CSX.O:CSX CORP: CUSTOMERS TO EXPECT SHIPMENT DELAYS THROUGH PROVIDENCE FORGE, VIRGINIA, TWO CSX LOCOMOTIVES & 53 COAL CARS WENT OFF TRACKS ON OCT 25CSX CORP: NO INJURIES AS RESULT OF INCIDENT, NO HAZARDOUS MATERIALS WERE BEING TRANSPORTED BY CARS INVOLVEDCSX CORP: CAU...Reuters
Mon, Oct 27
PRECIOUS-Gold slips below $4,000 per ounce as US-China trade progress cools safe-haven demand
Federal Reserve's rate decision anticipated this weekCapital Economic lowers end-2026 gold price forecastTrump and Xi to discuss trade accord on ThursdayBy Anjana Anil and Pablo Sinha Oct 27 (Reuters) - Gold prices fell below $4,000 per ounce on Monday as signs of a thaw in U.S.-China trade ...Reuters
Mon, Oct 27
EXCLUSIVE-US Department of Energy forms $1 billion supercomputer and AI partnership with AMD
Supercomputers to help harness fusion energy, treat cancer Lux supercomputer to come online in six months Discovery supercomputer to be ready in 2029By Timothy Gardner and Max A. CherneyWASHINGTON/SAN FRANCISCO, Oct 27 (Reuters) - The U.S. has formed a $1 billion partnership with Advanced Micro Devi...Reuters
Mon, Oct 27
Exxon-backed carbon accounting group to appoint independent panel, CEO says
Carbon Measures backed by 19 companiesFunders include ExxonMobil, BASF, SantanderExpert panel to include academia, civil societyBy Simon JessopLONDON, Oct 27 (Reuters) - Carbon Measures, a new carbon accounting initiative backed by a number of big energy and multinational companies, will create an i...Reuters
Mon, Oct 27
CBOT Trends-Wheat up 11-13 cents, corn up 6-7, soy up 17-23
CHICAGO, Oct 27 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Monday.NOTE: The U.S. government remains shut down, suspending many government reports. WHEAT - Up 11 to 13 cents...Reuters
Mon, Oct 27
Ramaco to launch Wyoming hub for US rare earth, critical mineral stockpile
Oct 27 (Reuters) - Ramaco Resources METC.O said on Monday it plans to establish what it called the first U.S. stockpile of rare earth elements and critical minerals in Wyoming, in a move to bolster domestic raw material supply for defense and clean-energy industries. China currently dominates the ra...Reuters
Mon, Oct 27
US natural gas prices ease to one-week low on rising output, ample storage
Gas storage levels about 5% above normal, easing supply concernsLNG export feedgas hits all-time highColder weather and increased demand expected in coming weeksBy Scott DiSavino Oct 27 (Reuters) - U.S. natural gas futures eased about 1% to a one-week low on Monday on a small output increase in r...Reuters
Mon, Oct 27
FACTBOX-Automakers pool with EV makers to avoid EU emissions fines
MILAN, Oct 27 (Reuters) - Automakers have formed alliances to help them avoid hefty European Union fines on carbon emissions by purchasing credits from electric vehicle companies.Several legacy automakers face potential fines as the transition to EVs in Europe has proved slower than expected in rece...Reuters
Mon, Oct 27
Gold weakens as US-China trade optimism lifts risk sentiment, focus turns to Fed
Gold (XAU/USD) kicks off the week with a negative tone, as improved risk appetite curbed demand for safe-haven assets. At the time of writing, XAU/USD is trading around $4,025, down over 2.0%, extending its retreat from last week’s record high of $4,381 after a wave of profit-taking spurred by progr
Fxstreet
Mon, Oct 27
RPT-ROI-Will US sanctions on Russian oil work? It depends on how success is measured: Russell
By Clyde Russell LAUNCESTON, Australia, Oct 27 (Reuters) - A common view in the crude oil market is that Western sanctions against Russia's exports are fairly pointless as the market quickly devises ways to keep cargoes flowing.This means that any new measures imposed only result in a fleetin...Reuters
Mon, Oct 27
POLL-Copper to hold gains in 2026 as mine disruptions fuel deficit
Copper price set to average $10,500 per metric ton in 2026Analysts expect copper deficit instead of surplus this yearChina production cap to impact aluminium marketZinc mine supply expected to recover, lead to market surplus By Eric Onstad and Noel John LONDON/BENGALURU, Oct 27 (Reuters) - Analys...Reuters
Mon, Oct 27
Soybeans hit four-month highs on US-China trade deal hopes
Chicago soybeans rose on Monday on anticipation the United States could restart its soybean exports to China after U.S. President Donald Trump said he hoped to reach a trade deal with China during his visit to Asia this week.Reuters
Mon, Oct 27
Mazda forms EU carbon emissions pool with Changan joint venture
MILAN, Oct 27 (Reuters) - Japanese automaker Mazda 7261.T has teamed up with its joint venture with China's Changan 000625.SZ to pool carbon credits and help avoid carbon emissions fines, an EU document showed.Several legacy carmakers face potential European Union fines as their shift to electri...Reuters
Mon, Oct 27
ENGIE, Meta expand US power deals with 600 MW Texas solar project
Oct 27 (Reuters) - U.S. Big Tech giant Meta META.O and ENGIE ENGIE.PA will expand their U.S. power purchase agreements (PPAs) to more than 1.3 gigawatts (GW) with the addition of a new 600 MW solar project in Texas, the French utility said on Monday.Meta will purchase 100% of ENGIE's Swenson Ran...Reuters
Mon, Oct 27
