News
Important Only
No injuries reported in fire on jet fuel unit at Chevron Los Angeles refinery, sources say
HOUSTON, Oct 3 (Reuters) - No injuries were reported in an explosion and fire on Thursday night on a jet fuel production unit at Chevron’s CVX.N 285,000 barrel-per-day Los Angeles-area refinery, said people familiar with the matter. The fire broke out in Isomax 7, which converts mid-distillate fuel ...Reuters
Fri, Oct 3
PRECIOUS-Gold set for seventh weekly rise on US rate-cut hopes, government shutdown
Gold up 2.5% so far this weekTraders price in 25-bp Fed rate cut this monthPerth Mint's September gold sales rise 21% m/mBy Brijesh Patel Oct 3 (Reuters) - Gold edged higher on Friday and was set for a seventh straight weekly gain, buoyed by expectations of further U.S. interest rate cuts thi...Reuters
Fri, Oct 3
Gold drifts lower amid positive risk tone, further USD recovery; downside seems limited
Gold (XAU/USD) struggles to capitalize on the overnight late rebound from the $3,820 region and attracts some sellers during the Asian session on Friday. The global risk sentiment seems unfazed by a partial US government shutdown for the third straight day.
Fxstreet
Fri, Oct 3
Britain's trade remedies body to get more assertive ahead of overhaul
LONDON, Oct 3 (Reuters) - The new chiefs of Britain's Trade Remedies Authority said it would toughen the country's trade defences even before new legislation comes in, aimed at giving the body more clout to tackle global trade turmoil.Reuters
Fri, Oct 3
Taiwan buys estimated 80,550 tons of US-origin wheat, traders say
HAMBURG, Oct 3 - The Taiwan Flour Millers' Association purchased an estimated 80,550 metric tons of milling wheat to be sourced from the United States in a tender on Thursday, European traders said on Friday.The purchase involved various wheat types bought in two consignments for shipment from t...Reuters
Fri, Oct 3
California's solar and battery combo packs a transformational punch: Maguire
By Gavin MaguireLITTLETON, Colorado, Oct 3 (Reuters) - Although overshadowed so far by booming data center demand and the U.S. government's gutting of clean energy policies, California's rapid scaling of solar farms and battery systems may yet emerge as 2025's most significant power sto...Reuters
Fri, Oct 3
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $60.79 per barrel, up from Thursday’s close at $60.50.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $64.23 price posted on Thursday, and trading at $64.55.Fxstreet
Fri, Oct 3
PRESS DIGEST- Wall Street Journal - October 3
Oct 3 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- A multibillion-dollar deal to send Nvidia's NVDA.O artificial-intelligence chips to the United Arab Emirates is stuck in neutral nearly...Reuters
Fri, Oct 3
TABLE-North Sea gas maintenance schedule: Adds Karsto outage
Oct 3 (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.OPERATORLOCATIONOUTAGE...Reuters
Fri, Oct 3
Poland - Factors to Watch October 3
WARSAW, Oct 3 (Reuters) - The following are significant news stories, press reports and events on Friday. ALL TIMES GMT (Poland: GMT + 2 hours):RUSSIAN BOATPolish border guards said on Thursday they had seen a Russian fishing boat acting suspiciously near a gas pipeline in waters off the town of Wla...Reuters
Fri, Oct 3
GRAINS-Soybeans slip but head for weekly gain on Trump-Xi deal hopes
CANBERRA, Oct 3 (Reuters) - Chicago soybean futures edged lower on Friday as a two-day rally lost steam, but were still set to end the week up nearly 1% after U.S. President Donald Trump raised hopes that China might start buying U.S. beans again. Wheat futures also slipped, and corn was unchanged, ...Reuters
Fri, Oct 3
METALS-Copper heads for weekly gain, aided by supply disruptions
By Lucas Liew Oct 3 (Reuters) - Copper prices rose for the third consecutive session on Friday and are set for a weekly gain as supply disruptions continue to weigh amid accelerating demand for the metal.Three-month copper on the London Metal Exchange CMCU3 extended was up 0.23% at $10,514.5 per...Reuters
Fri, Oct 3
Oil on track for steepest weekly plunge in 3-1/2 months
Oct 3 (Reuters) - Oil prices rose slightly on Friday after four straight sessions of declines but were on track for their steepest weekly decline since late June due to market expectations that the OPEC+ group could hike output further despite oversupply concerns. Brent crude futures LCOc1 gained 18Reuters
Fri, Oct 3
PRECIOUS-Gold poised for seventh weekly rise on Fed rate-cut hopes
Oct 3 (Reuters) - Gold held steady on Friday and was set for a seventh straight weekly gain, buoyed by expectations of further U.S. interest rate cuts this year and worries over the impact of a U.S. government shutdown.FUNDAMENTALS* Spot gold XAU= was little changed at $3,851.48 per ounce, as of 012...Reuters
Fri, Oct 3
GRAINS-Soybeans slip but head for weekly gain on hopes for Trump-Xi meeting
CANBERRA, Oct 3 (Reuters) - Chicago soybean futures edged lower on Friday as a two-day rally lost steam, but were still on track to end the week up nearly 1% after U.S. President Donald Trump raised hopes that China might start buying U.S. beans again. Corn and wheat futures were unchanged. Both hav...Reuters
Fri, Oct 3
Goldman Sachs maintains Nov-Dec Henry Hub gas price forecast at $4.00/mmBtu
Oct 2 (Reuters) - Goldman Sachs has kept its forecast for Henry Hub gas prices unchanged, with November–December delivery contracts seen at $4.00 per million British thermal units (mmBtu) and 2026 prices seen at $4.60 per mmBtu, the bank said in a note on Thursday."We believe we are quickly appr...Reuters
Fri, Oct 3
RPT-COLUMN-OPEC, China and geopolitics are the triple whammy of uncertainty for crude: Russell
By Clyde Russell FUJAIRAH, Oct 2 (Reuters) - The unwinding of OPEC+ production cuts, China storage flows and geopolitical tensions have been the primary drivers of crude oil prices this year, and are likely to remain so for the foreseeable future.Knowing what is influencing the market is one thin...Reuters
Fri, Oct 3
RPT-Indonesia races to determine extent of radioactive contamination at industrial zone
Scrap metal factory treated as epicentre of contamination10 contaminated areas found, up from 6 earlier, minister saysNine people exposed, given special medical treatmentContamination first detected in shrimp shipment to US By Dewi Kurniawati and Gayatri Suroyo JAKARTA, Oct 2 (Reuters) - Indonesi...Reuters
Fri, Oct 3
