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WTI Oil steadies above $61.00 as concerns about oversupply ease
Crude prices’ pullback from two-week highs at $62.00 witnessed on Thursday remains contained above $61.00 so far, with the commodity on track to its sharpest weekly rally in four months, as new sanctions on Russian Oil have eased market concerns about an Oil glut.
Fxstreet
Fri, Oct 24
METALS-Shanghai copper rises on China plenum boost, Trump-Xi meeting confirmation
SHANGHAI, Oct 24 (Reuters) - Shanghai copper spiked on Friday after the White House confirmed a meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping, and as China's high-stakes plenum vowed to boost consumption and technological innovation.The most-traded copper con...Reuters
Fri, Oct 24
Japan Q4 aluminium premium set at $86 a ton, down 20% from Q3 -sources
TOKYO, Oct 24 (Reuters) - The premium for aluminium shipments to Japanese buyers for October to December was set at $86 per metric ton, down 20% from the previous quarter, reflecting weak demand, five sources directly involved in the pricing talks said. The figure is lower than the $108 per ton p...Reuters
Fri, Oct 24
Hungary working on how to circumvent U.S. sanctions on Russian oil companies -PM Orban
BUDAPEST, Oct 24 (Reuters) - Hungary is working on finding a way to circumvent U.S. sanctions on Russian oil companies, Prime Minister Viktor Orban said on Friday, without giving details but giving no indication that he planned to defy the restrictions.U.S. President Donald Trump, a close ally of th...Reuters
Fri, Oct 24
China's Satellite Chemical pauses ethylene project amid US trade tensions, sources say
Satellite Chemical is China's biggest importer of US ethaneProject paused amid trade tensions, lack of government and regulatory approvalsEthane cracker is part of multibillion-dollar expansion planBy Trixie Yap and Chen Aizhu SINGAPORE, Oct 24 (Reuters) - Satellite Chemical 002648.SZ, China&...Reuters
Fri, Oct 24
Rhino Resources plans new appraisal wells and flow test in Namibia
Rhino Resources gathers critical data next yearCompany aims for first oil title in NamibiaLooking at FID by Q1 2027 to fast-track projectsBy Wendell Roelf CAPE TOWN, Oct 24 (Reuters) - African oil and gas company Rhino Resources plans to drill an appraisal well on a Namibian prospect next year an...Reuters
Fri, Oct 24
Greece names Chevron, Helleniq Energy consortium as preferred bidder for offshore gas search
Chevron, Helleniq Energy to explore for gas in four southern offshore blocksGreece aims to become key gas transit route as Europe cuts reliance on Russian energySeismic research expected to start in 2026, test drilling by 2030-2032ATHENS, Oct 24 (Reuters) - Greece has named a consortium of U.S. oil ...Reuters
Fri, Oct 24
PRECIOUS-Gold poised to snap nine-week winning streak as US inflation test looms
US CPI data due at 1230 GMTGold heads for biggest weekly percentage fall since November 2024 Silver down 7% so far this weekPalladium down more than 2% on dayBy Brijesh Patel Oct 24 (Reuters) - Gold prices eased on Friday and were on track for their first weekly drop in 10, weighed down by a stro...Reuters
Fri, Oct 24
Chandra Asri to buy Exxon's Singapore retail fuel stations
Indonesian firm expands into Singapore fuel retailNearly 60 Esso stations included, deal to close by year-endExxonMobil to still supply fuel to stationsBy Yantoultra Ngui and Trixie Yap SINGAPORE, Oct 24 (Reuters) - Chandra Asri Pacific TPIA.JK said on Friday it will acquire Exxon Mobil's XOM...Reuters
Fri, Oct 24
Greece names Chevron, Helleniq Energy preferred bidders for gas search in offshore blocks
ATHENS, Oct 24 (Reuters) - Greece has named a consortium of U.S oil major Chevron CVX.N and Helleniq Energy, the country's biggest oil refiner, as preferred bidder for gas exploration in southern offshore blocks, the Greek energy ministry said on Friday.The move comes after Chevron and Helleniq ...Reuters
Fri, Oct 24
Nuclear power, perovskite solar as Japan's domestic energy sources are important, PM says
By Katya Golubkova TOKYO, Oct 24 (Reuters) - Japanese Prime Minister Sanae Takaichi told parliament on Friday that homemade sources of energy like nuclear power and perovskite solar cells are important for the country. The first woman to lead Japan, Takaichi, 64, was elected prime minister this w...Reuters
Fri, Oct 24
Hungary working on how to circumvent U.S. sanctions on Russian oil companies -PM Orban
BUDAPEST, Oct 24 (Reuters) - Hungary was working on finding a way to "circumvent" U.S. sanctions on Russian oil companies, Prime Minister Viktor Orban said in an interview with state radio Kossuth on Friday. Orban also said that he has talked to Hungary's oil and gas company MOL MOLB...Reuters
Fri, Oct 24
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Friday, early in the European session. WTI trades at $61.33 per barrel, down from Thursday’s close at $61.60.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $65.04 after its previous daily close at $65.29.Fxstreet
Fri, Oct 24
Russia-owned NIS stopped from getting oil cargo amid Serbia fuel crunch, sources say
US sanctions hit Russian-owned Serbian oil firm NIS on October 9NIS unable to receive 1 million barrel crude cargo from CroatiaSerbia's only oil refinery faces closure without fresh suppliesSerbian fuel stocks full, but will only cover to year endBy Robert Harvey, Ivana Sekularac and Aleksandar ...Reuters
Fri, Oct 24
EGA Spectro Alloys Opens Metallurgical Testing Laboratory At Expansion Of Recycling Plant In us
Oct 24 (Reuters) - EMIRATES GLOBAL ALUMINIUM:EGA SPECTRO ALLOYS OPENS METALLURGICAL TESTING LABORATORY AT EXPANSION OF RECYCLING PLANT IN USEGA SPECTRO’S EXPANSION ADDS 55 THOUSAND TONNES OF SECONDARY BILLET PRODUCTION CAPACITY IN FIRST PHASEReuters
Fri, Oct 24
TABLE-North Sea gas maintenance schedule: Adds Troll outage
Oct 24 (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
Fri, Oct 24
TECHNICALS-CBOT soybeans may extend gains into $10.51 to $10.55-1/4 range
For more technical analyses, please click SINGAPORE, Oct 24 (Reuters) - The CBOT soybean November contract SX25 may extend gains into a range of $10.51 to $10.55-1/4 per bushel, as it has broken key resistance at $10.37-1/4.The break confirmed an extension of the wave C toward $10.51 to $10.59-1/2 r...Reuters
Fri, Oct 24
Nuclear power, perovskite solar as Japan's domestic energy sources are important, PM says
TOKYO, Oct 24 (Reuters) - Japan's domestically-produced sources of energy such as nuclear power and perovskite solar cells are important for the country, Sanae Takaichi, the newly-elected prime minister, told parliament on Friday. She added that Japan was also aiming for early deployment of next...Reuters
Fri, Oct 24
Tokyo Gas, Glenfarne sign letter of intent for 1 MTPA LNG offtake from Alaska LNG
By Yuka Obayashi TOKYO, Oct 24 (Reuters) - Energy developer Glenfarne said on Friday it had signed a Letter of Intent (LOI) with Japan's biggest city gas supplier Tokyo Gas 9531.T for the offtake of 1 million metric tons per annum (MTPA) of liquefied natural gas (LNG) from Alaska LNG project....Reuters
Fri, Oct 24
Indonesia moves residents near site contaminated with Caesium 137, task force says
JAKARTA, Oct 24 (Reuters) - The Indonesian government has started relocating residents living in areas surrounding the Modern Cikande Industrial Estate, a site found to have been contaminated with radioactive Caesium-137, a spokesman told Reuters on Friday.The effort was initiated after Indonesia de...Reuters
Fri, Oct 24
