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Energy: US sanctions Rosneft and LukOil – ING
The Oil market is rallying this morning, with WTI up around 2.8% at the time of writing, taking it back above US$60/bbl. The catalyst: the US administration placing sanctions on Russian Oil producers Rosneft and LukOil, which produce more than 5m b/d of Oil.
Fxstreet
Thu, Oct 23
Singapore fuel oil stockpiles ease to four-weeks low
SINGAPORE, Oct 23 (Reuters) - Onshore fuel oil stockpiles in Singapore dipped to their lowest in four weeks after imports retreated week-on-week, official data showed on Thursday. Inventories for residual fuels STKRS-SIN fell to 23.03 million barrels (about 3.63 million metric tons) in the week to O...Reuters
Thu, Oct 23
Russian-controlled Zaporizhzhia nuclear plant says power is back after 30-day cut-off
MOSCOW, Oct 23 (Reuters) - Engineers have repaired a damaged high-voltage line and restored external power to the Zaporizhzhia nuclear power station in Ukraine, its Russian-installed management said on Thursday.The plant - Europe's largest, with six reactors - was seized by Russian troops in 202...Reuters
Thu, Oct 23
PRECIOUS-Gold gains as geopolitical risks, trade tensions burnish appeal
US mulls new controls on tech exports to ChinaUS inflation data due on FridaySilver up more than 1%By Ishaan Arora and Anmol Choubey Oct 23 (Reuters) - Gold prices rose on Thursday, as U.S. sanctions against Russia and possible new export controls on China added to geopolitical risks, buoying dem...Reuters
Thu, Oct 23
China confirms US trade talks to be held in Malaysia from Friday
BEIJING, Oct 23 (Reuters) - Chinese Vice Premier He Lifeng is set to meet U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer from Friday, as the world's two largest economies try to ease an unexpected flare-up in tension ahead of a key leaders' summit.Reuters
Thu, Oct 23
Zelenskiy hails new energy sanctions on Russia, seeks more pressure on Moscow
BRUSSELS, Oct 23 (Reuters) - Ukrainian President Volodymyr Zelenskiy hailed "very important" new U.S. and European Union energy sanctions on Russia on Thursday, but said more pressure would be needed on Moscow to secure a ceasefire in the war.The United States unveiled sanctions against Russ...Reuters
Thu, Oct 23
Russian-controlled Zaporizhzhia nuclear power plant says external power has been restored
MOSCOW, Oct 23 (Reuters) - Engineers have repaired a damaged high-voltage line and restored external power to the Zaporizhzhia nuclear power station in Ukraine, its Russian-installed management said on Thursday.The plant - Europe's largest, with six reactors - was seized by Russian troops in the...Reuters
Thu, Oct 23
WTI Oil returns above $60.00 amid US sanctions against Russian Crude
Oil prices have accelerated their recovery with US benchmark West Texas Intermediate (WTI) returning to levels beyond $60.00 line as the US administration imposed new sanctions on Russia’s largest Oil companies, which are expected to restrict global supply.The US Department of the Treasury announcedFxstreet
Thu, Oct 23
Zelenskiy hails new energy sanctions on Russia, seeks more pressure on Moscow
BRUSSELS, Oct 23 (Reuters) - Ukrainian President Volodymyr Zelenskiy thanked the United States and the European Union on Thursday for agreeing on new energy sanctions against Russia, saying they were "very important".He also told reporters in Brussels that a ceasefire was possible in Russia&...Reuters
Thu, Oct 23
TECHNICALS-CBOT soybeans may extend gains into $10.42-1/2 to $10.45-3/4 range
For more technical analyses, please click SINGAPORE, Oct 23 (Reuters) - The CBOT soybean November contract SX25 may extend gains into a range of $10.42-1/2 to $10.45-3/4 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, its 138.2%...Reuters
Thu, Oct 23
China's vice premier to hold trade talks with US in Malaysia October 24-27, commerce ministry says
BEIJING, Oct 23 (Reuters) - Chinese Vice Premier He Lifeng will hold trade talks with the U.S. in Malaysia on October 24 to 27, the Chinese commerce ministry said in a statement released on Thursday.Reuters
Thu, Oct 23
UBS sees short-term volatility in oil market after new US sanctions, oversupply to limit rally
Oct 23 (Reuters) - UBS said on Thursday that fresh U.S. and EU sanctions targeting Russian energy firms could introduce short-term volatility to crude prices but are unlikely to spark a sustained rally due to oversupply in the global oil market.The bank forecasts Brent crude prices to remain in the ...Reuters
Thu, Oct 23
PRECIOUS-Gold rises on lingering geopolitical woes; US inflation data eyed
US inflation data due on FridaySilver up more than 1%By Brijesh Patel Oct 23 (Reuters) - Gold prices rose on Thursday as U.S. sanctions against Russia and possible new export controls on China added to geopolitical risks, while investors looked forward to key U.S. inflation data later this week f...Reuters
Thu, Oct 23
Energy facility in Russian region suffers minor damage in Ukrainian attack, governor says
MOSCOW, Oct 23 (Reuters) - An energy facility in Russia's Nizhny Novgorod region suffered minor damage in a Ukrainian drone attack, regional governor Gleb Nikitin said on Thursday via his channel in Telegram.There were no casualties in the attack, nor were there any power outages, Nikitin said.Reuters
Thu, Oct 23
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $60.76 per barrel, up from Wednesday’s close at $59.34.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $63.15 price posted on Wednesday, and trading at $64.52.Fxstreet
Thu, Oct 23
COLUMN-Europe's offshore wind sector faces dilemma over China's grip on sector: Bousso
Chinese firm dominate wind supply chain from turbines to magnetsEurope weighs allowing Chinese firms access to infrastructureBritain to decide on future of Ming Yang's Scotland plantBy Ron Bousso LONDON, Oct 23 (Reuters) - European governments seeking to expand offshore wind power are increas...Reuters
Thu, Oct 23
PRESS DIGEST- New York Times business news - October 23
Oct 23 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Meta META.O said it cut approximately 600 jobs in its artificial intelligence division, as the company seeks to keep pace with com...Reuters
Thu, Oct 23
TABLE-North Sea gas maintenance schedule: Adds Aldbrough outage
Oct 23 (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
Thu, Oct 23
Woodside enlists Williams as investor for Louisiana LNG as construction ramps up
Williams gets stakes in project and pipeline for $378 millionWoodside looking to bring more investors into project, CEO saysAustralian LNG producer's shares rise more than 4%By Christine Chen and Rishav Chatterjee SYDNEY, Oct 23 (Reuters) - Australia's Woodside Energy WDS.AX has enlisted ...Reuters
Thu, Oct 23
China and US 'just flexing muscles' over critical metals, BHP chair says
MELBOURNE, Oct 23 (Reuters) - The U.S. and China are battling to project power as they compete to secure critical minerals supply, the new chair of BHP said on Thursday, downplaying any potential for the global miner to be caught between its top customer and the world's biggest economy.Reuters
Thu, Oct 23
