News
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METALS-Copper nears $11,000 as tight supply, trade talks in focus
By Tom Daly Oct 24 (Reuters) - Copper rallied toward $11,000 per metric ton on Friday on persistent concerns over a shortage of supply and renewed optimism over trade talks between the United States and China.Benchmark three-month copper CMCU3 on the London Metal Exchange was up 1% at $10,960 a...Reuters
Fri, Oct 24
PRECIOUS-Gold trims losses after US inflation data; set to end nine-week win streak
US September CPI up 3.0% on yearTrump to meet Chinese President Xi Jinping next weekSilver down about 6% so far this weekBy Noel John Oct 24 (Reuters) - Gold prices pared losses on Friday after slightly softer-than-expected U.S. inflation data reinforced expectations that the Federal Reserve will...Reuters
Fri, Oct 24
Eni ups buyback on strong Q3 results; shares rise
Third-quarter profit beats expectationsBuyback lifted by 20%Hydrocarbon production up 6% year-on-year By Francesca Landini MILAN, Oct 24 (Reuters) - Italian energy group Eni ENI.MI reported better-than-expected results for the third quarter on Friday and said it would improve investor rewards, se...Reuters
Fri, Oct 24
US Cash Grains-Soybean basis firm at processors, river elevators
CHICAGO, Oct 24 (Reuters) - Spot cash soybean basis bids were steady to higher at U.S. Midwest processing plants and river elevators on Friday on strong demand and slow farmer sales as futures eased. Spot corn basis bids were mostly unchanged to slightly lower, weighed down by improved supplies foll...Reuters
Fri, Oct 24
Russia's top Indian oil buyer Reliance says it will abide by Western sanctions
By Nidhi Verma NEW DELHI, Oct 24 (Reuters) - Reliance Industries Ltd RELI.NS, the top Indian buyer of Russian oil, will abide by Western sanctions against Moscow while maintaining its relationship with current oil suppliers, its spokesperson said in a statement.Reliance, which is controlled by bi...Reuters
Fri, Oct 24
US launches investigation into China's compliance with 2020 trade deal
WASHINGTON, Oct 24 (Reuters) - The U.S. Trade Representative on Friday announced the start of an investigation into China's implementation of a trade deal signed during President Donald Trump's first term."The initiation of this investigation underscores the Trump Administration’s resolv...Reuters
Fri, Oct 24
UN weather agency reviews priorities as funding falls short
WMO member states owe tens of millions in feesStates met in Geneva to discuss disaster warningsUS is one of dozens of late payersBy Emma Farge GENEVA, Oct 24 (Reuters) - The U.N. weather agency plans to cut some posts and is reviewing its priorities as dozens of countries, including the United St...Reuters
Fri, Oct 24
PRECIOUS-Gold trims losses after US inflation data; set to end nine-week win streak
US September CPI up 3.0% on yearTrump to meet Chinese President Xi Jinping next weekSilver down over 6% so far this weekBy Noel John Oct 24 (Reuters) - Gold prices pared losses on Friday after slightly softer-than-expected U.S. inflation data reinforced expectations that the Federal Reserve will ...Reuters
Fri, Oct 24
Baker CEO says 2025 resilience driven by AI growth, sees oil investment slowdown
By Arunima KumarOct 24 (Reuters) - Baker Hughes BKR.O CEO Lorenzo Simonelli said on Friday the global macro environment remains resilient through 2025, despite geopolitical and policy headwinds, supported by the rapid deployment of generative artificial intelligence driving power demand and industri...Reuters
Fri, Oct 24
Brent forward curve temporarily flattening – Commerzbank
The oversupply on the Oil market had put significant pressure on the prices of Brent forward contracts with short-term maturities in recent weeks: the backwardation that was still pronounced just a month ago has decreased noticeably, Commerzbank's commodity analysts Barbara Lambrecht and Carsten FriFxstreet
Fri, Oct 24
Russia's top Indian oil client Reliance says will abide by western sanctions
NEW DELHI, Oct 24 (Reuters) - Reliance Industries Ltd RELI.NS, the top Indian buyer of Russian oil, will abide by Western sanctions against Moscow while maintaining its relationship with current oil suppliers, its spokesperson said in a statement.Reliance, which is controlled by billionaire Mukesh A...Reuters
Fri, Oct 24
Canada ready to pick up trade negotiations with US, Carney says
TORONTO, Oct 24 (Reuters) - Canadian Prime Minister Mark Carney on Friday said his country is prepared to pick up trade negotiations with the United States when Washington is ready, adding that Canada cannot control trade policy with its neighbor to the south.U.S. President Donald Trump on Thursday ...Reuters
Fri, Oct 24
Rig count, frac crew count rise in North Dakota, state regulator says
HOUSTON, OCT 24 - There are currently 28 active rigs in North Dakota, up from 27 in September, according to the state's Department of Mineral Resources on Friday. There are currently 13 frac crews operating in the state, up from 12 in September. North Dakota is the third largest oil-producing st...Reuters
Fri, Oct 24
Bolivia's new president rekindles cautious hope for long-stalled lithium dreams
Paz presidency begins November 8 in more market-friendly pushPaz needs a detailed policy plan for the world's largest lithium resources -expertChallenges include state control law, technical extraction issuesPaz to scrutinize China, Russia lithium deals for transparencyBy Daina Beth Solomon O...Reuters
Fri, Oct 24
REFILE-Canada ready to pick up trade negotiations with US, Carney says
TORONTO, Oct 24 (Reuters) - Canadian Prime Minister Mark Carney said on Friday the country stands prepared to pick up trade negotiations with the United States when it is ready, adding that Canada cannot control trade policy with its neighbour to the south.U.S. President Donald Trump on Thursday nig...Reuters
Fri, Oct 24
PRECIOUS-Gold trims losses after US inflation data; set to end nine-week win streak
US September CPI up 3.0% on yearTrump to meet Chinese President Xi Jinping next weekSilver down over 6% so far this weekBy Noel John Oct 24 (Reuters) - Gold prices pared losses on Friday after slightly softer-than-expected U.S. inflation data reinforced expectations that the Federal Reserve will ...Reuters
Fri, Oct 24
UN weather agency reviews priorities as funding falls short
WMO member states owe tens of millions in feesStates met in Geneva to discuss disaster warningsUS is one of dozens of late payersBy Emma Farge GENEVA, Oct 24 (Reuters) - The U.N. weather agency plans to cut some posts and is reviewing its priorities as dozens of countries, including the United St...Reuters
Fri, Oct 24
