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Spot crude premiums jump as US sanctions on Russian producers drive China, India demand
Mideast benchmark Dubai premium more than doubled to 3-week highSimilar jumps seen in Oman, Murban premiumsChina, India to buy more oil from Iraq, West Africa, BrazilBy Siyi Liu and Florence Tan SINGAPORE, Oct 23 (Reuters) - Spot premiums in crude markets jumped on Thursday on expectations that U...Reuters
Fri, Oct 24
US warns it could force some Pennsylvania rail cars out of service
NTSB says Pennsylvania's Silverliner IV railcars pose fire riskGovernor says Transportation Secretary Duffy should push for more fundingDuffy says USDOT could take further action without reformsBy David ShepardsonWASHINGTON, Oct 23 (Reuters) - U.S. Transportation Secretary Sean Duffy late on Thu...Reuters
Fri, Oct 24
CORRECTED-Oil prices dip after surge, remain on track for weekly gain amid supply fears
By Yuka Obayashi TOKYO, Oct 24 (Reuters) - U.S. crude futures eased in early trade on Friday, trimming part of the previous day's surge but remaining on track for a weekly gain, as fresh U.S. sanctions on Russia's two biggest oil companies over the war in Ukraine fuelled supply concerns. ...Reuters
Fri, Oct 24
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Oct 24 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$66.70sup $65.05/$64.10/$63.34Palm oil (3rd month)4,490/4,510 ringgitsup 4,447/4,431/4,409 ringgitWTI* (1st month)$62.04/$62.93sup $61.38/$60.43Spot gold$4,094/$4,060r...Reuters
Fri, Oct 24
LIVESTOCK-Live cattle futures rebound as focus returns to tight supplies
By Julie Ingwersen CHICAGO, Oct 23 (Reuters) - Chicago Mercantile Exchange live cattle futures ended mostly higher on Thursday as traders returned their focus to tight U.S. cattle supplies and firming beef prices, traders said.The cattle market had tumbled last week and again on Wednesday after U...Reuters
Fri, Oct 24
Alaska Air cuts annual profit forecast on higher fuel costs
By Shivansh Tiwary and Rajesh Kumar SinghOct 23 (Reuters) - Alaska Air Group ALK.N lowered its 2025 profit forecast on Thursday as higher fuel costs and operational challenges, including adverse weather, weighed on its margins.The carrier also forecast its fourth-quarter profit well below analysts&#...Reuters
Fri, Oct 24
Australia's Sunrise Energy signs five-year scandium option with Lockheed Martin, shares jump
Oct 24 (Reuters) - Australia's Sunrise Energy Metals SRL.AX said on Friday it has granted U.S. defence contractor Lockheed Martin LMT.N an option to purchase up to 15 tonnes of scandium oxide produced over five years from its onshore Syerston Scandium Project.Shares of Sunrise were up as much as...Reuters
Thu, Oct 23
GRAINS-Soybean, corn futures touch 1-month highs as crude oil soars
Soybean market buoyed by crude rally, U.S.-China trade deal prospectsCorn firms amid strong cash markets, uncertain US yieldsWheat climbs on cash market strength, possible short-coveringBy Julie Ingwersen CHICAGO, Oct 23 (Reuters) - U.S. soybean and corn futures rose on Thursday to one-month high...Reuters
Thu, Oct 23
Lanzatech Reaffirms Importance Of Lanzajet Through Amended And Restated Lanzajet Agreements That Enable The Acceleration Of Sustainable Aviation Fuel Commercialization
Oct 24 (Reuters) - Lanzatech Global Inc LNZA.O:LANZATECH REAFFIRMS IMPORTANCE OF LANZAJET THROUGH AMENDED AND RESTATED LANZAJET AGREEMENTS THAT ENABLE THE ACCELERATION OF SUSTAINABLE AVIATION FUEL COMMERCIALIZATIONLANZATECH GLOBAL INC: SUBJECT TO MEETING MILESTONES AT FREEDOM PINES FACILITY IN GEORG...Reuters
Thu, Oct 23
US warns it could force some Pennsylvania rail cars out of service
WASHINGTON, Oct 23 (Reuters) - U.S. Transportation Secretary Sean Duffy late on Thursday warned that the department could soon force a Pennsylvania transit agency to stop using a fleet of railcars due to fire risks as he raised broad safety and financial concerns.The Federal Railroad Administration ...Reuters
Thu, Oct 23
Newmont beats quarterly profit estimates, warns of lower cash flow ahead
By Sumit Saha Oct 23 (Reuters) - Newmont NEM.N beat third-quarter profit estimates on Thursday, as record-high gold prices helped offset its weaker production, but warned that fourth-quarter free cash flow would take a hit due to higher spending.The world's largest gold miner said free cash f...Reuters
Thu, Oct 23
Baker Hughes Co Confident In Achieving $1.5 Billion Of Data Center Orders Ahead Of Our Original Three-Year Timeline - Presentation
Oct 24 (Reuters) - Baker Hughes Co BKR.O:: CONFIDENT IN ACHIEVING $1.5 BILLION OF DATA CENTER ORDERS AHEAD OF OUR ORIGINAL THREE-YEAR TIMELINE - PRESENTATIONBAKER HUGHES: CONTINUE TO EXPECT 2025 GLOBAL UPSTREAM SPENDING TO DECLINE BY HIGH-SINGLE DIGITS; ANTICIPATE MODEST YOY DECLINE IN 2026OUTLOOK B...Reuters
Thu, Oct 23
Norfolk Southern beats quarterly profit on strong merchandise volumes
By Anshuman Tripathy Oct 23 (Reuters) - U.S. railroad operator Norfolk Southern NSC.N beat Wall Street estimates for third-quarter profit on Thursday, aided by strong volumes in its merchandise segment in its first earnings report since the merger announcement aimed at creating the nation's ...Reuters
Thu, Oct 23
US Cash Crude-Grades mixed on second day of volatile roll trade period
Oct 23 (Reuters) - Physically traded U.S. crude grades were mixed on Thursday, dealers said, on the first full day of the volatile roll trading period. Traders use the three-day roll period to adjust their crude slates, square up positions and net out exposures following the expiration of the U.S. c...Reuters
Thu, Oct 23
Baker Hughes beats profit estimates on strong industrial and energy tech demand
Oct 23 (Reuters) - Oilfield services provider Baker Hughes BKR.O on Thursday beat Wall Street estimates for third-quarter profit, driven by strength in its industrial and energy technology (IET) business.As oilfield services firms navigate a volatile market, resilient areas like LNG infrastructure, ...Reuters
Thu, Oct 23
US, Abu Dhabi governments to invest $1.8 billion with Orion into critical minerals
Investment aims to counter China's mineral supply restrictionsOrion Critical Mineral Consortium targets $5 billion growthFocus on production-ready projects to supply U.S. and alliesBy Ernest Scheyder Oct 23 (Reuters) - The U.S. and Abu Dhabi governments will invest $1.8 billion into mining an...Reuters
Thu, Oct 23
Some US courts to limit operations on Fridays due to government shutdown
By Nate Raymond Oct 23 (Reuters) - Several federal district courts plan to tell some employees not to come to work on Friday and one plans to close entirely for the day, as the judiciary continues reducing operations after running out of funds it had used to sustain paid operations during the U.S...Reuters
Thu, Oct 23
EXCLUSIVE-ConocoPhillips to lay off Canada employees in November, company memo shows
Layoffs part of plan to cut global workforce by 25%Canadian employees to be notified in early NovemberU.S. oil price drop pressures companies to cut staffBy Amanda Stephenson, Georgina McCartney and Arathy Somasekhar CALGARY/HOUSTON, Oct 23 (Reuters) - U.S. oil company ConocoPhillips COP.N is lay...Reuters
Thu, Oct 23
Baker Hughes beats third-quarter profit estimates
Oct 23 (Reuters) - Oilfield services provider Baker Hughes BKR.O surpassed Wall Street expectations for third-quarter profit on Thursday, helped by strength in its industrial and energy technology unit.The Houston-based company posted an adjusted profit of 68cents per share for the three months ende...Reuters
Thu, Oct 23
