News
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Iraq signs deal with Exxon to help develop large oilfield
Iraq and Exxon sign non-binding dealIncludes development, export upgrades, profit-sharing, sources saySOMO to secure Asian storage capacity with ExxonBy Aref Mohammed and Ahmed Rasheed BAGHDAD, Oct 8 (Reuters) - Exxon Mobil XOM.N signed an agreement with Iraq on Wednesday to help it develop its g...Reuters
Wed, Oct 8
Guyanese mining businessmen could be extradited to US, attorney general says
GEORGETOWN, Oct 8 (Reuters) - Guyanese businessmen Azruddin Mohamed and Nazar Mohamed would be extradited to the United States to face charges of fraud and money laundering related to gold exports, once U.S. authorities formally make the request, Guyana's Attorney General said late on Tuesday.Reuters
Wed, Oct 8
Orsted plans US Sunrise Wind for H2 2027, says Revolution back on track
COPENHAGEN, Oct 7 (Reuters) - Danish offshore wind developer Orsted ORSTED.CO maintains a plan to complete its offshore Sunrise Wind project in the United States in the second half of 2027, the company's CEO Rasmus Errboe told reporters on Tuesday. Orsted has meanwhile fully resumed work on t...Reuters
Wed, Oct 8
Critical Metals to supply REalloys with rare earths from Greenland project
Oct 8 (Reuters) - U.S.-based Critical Metals CRML.O has signed a letter of intent to supply magnet company REalloys with rare earths from its Tanbreez project in Greenland, the latest such deal as the government focuses on industries crucial to national security. The Wednesday announcement ...Reuters
Wed, Oct 8
Sembcorp to acquire India's ReNew solar unit to boost renewables portfolio
Oct 8 (Reuters) - Singapore's Temasek-backed Sembcorp Industries SCIL.SI said on Wednesday its subsidiary has signed a share purchase agreement to acquire ReNew Pvt Ltd's solar energy unit for about S$246 million ($190.02 million) to bolster its renewable energy portfolio in India.WHY IT'...Reuters
Wed, Oct 8
U.S. natural gas prices dip 2% on smaller daily output decline, ample gas in storage
Natural gas futures fall despite cooler weather forecastsWaha Hub prices turn positive as some producers shut wellsTropical storms unlikely to impact U.S. mainlandBy Scott DiSavino Oct 8 (Reuters) - U.S. natural gas futures slid about 2% on Wednesday as some traders took profits after prices rose...Reuters
Wed, Oct 8
Fire at aluminum plant to hit Ford's bottom line by up to $1 billion, analyst says
By Nora Eckert DETROIT, Oct 8 (Reuters) - A fire at a New York aluminum plant that is expected to affect production of Ford Motor's F-150 truck for months will sap up to $1 billion from the automaker's earnings, according to a Wednesday note from Evercore ISI analysts. The September 16 bl...Reuters
Wed, Oct 8
ANALYSIS-Rising tungsten prices worsen oil drillers' inflation worries
China imposed export controls on five critical metals in FebruaryChina supplies 83% of global tungsten, USGS saysRising tungsten costs could add $3,000–$25,000 to oilfield drillbit prices, expert saysBy Anushree Mukherjee and Shariq Khan Oct 8 (Reuters) - U.S. shale drillers are facing higher pri...Reuters
Wed, Oct 8
Indian government seeks resolution of dispute at Tata charity arm, sources say
Tata faces new test as disagreement among trustees mountTata Trusts controls 66% of Tata Sons, giving it immense powersMinisters meet Tata leadership to resolve matters, sources say NEW DELHI/MUMBAI, Oct 8 (Reuters) - Two senior Indian ministers have, in an uncommon intervention, urged Tata Group...Reuters
Wed, Oct 8
Rotterdam port lashers strike for higher wages, impacting container traffic
AMSTERDAM, Oct 8 (Reuters) - Lashers in Europe's largest sea port Rotterdam went on a 48-hour strike on Wednesday afternoon to demand higher wages.Labour union FNV said all employees of International Lashing Services and Matrans Marine Services, the two lashing companies active in the port, had ...Reuters
Wed, Oct 8
CBOT Trends-Soybeans up 1-4 cents, corn and wheat steady to firmer
CHICAGO, Oct 8 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday.NOTE: The U.S. government remains shut down, suspending many government reports. WHEAT - Steady to up 1/2...Reuters
Wed, Oct 8
US shutdown not creating significant flight disruptions, IATA's chief says
By Sergio Goncalves LISBON, Oct 8 (Reuters) - The U.S. government shutdown hasn't significantly disrupted domestic commercial flights nor has it stopped the recruitment of new air traffic controllers, Willie Walsh, director general of airline lobby group IATA said on Wednesday. "The...Reuters
Wed, Oct 8
Gold’s record run stretches further above $4,000, traders eye Fed Meeting Minutes
Gold (XAU/USD) marks another milestone on Wednesday, smashing through the $4,000 level for the first time as investors flock to the precious metal amid global economic and political uncertainty, coupled with a dovish Federal Reserve (Fed) outlook.
Fxstreet
Wed, Oct 8
NextDecade CFO Brent Wahl resigns
Oct 8 (Reuters) - NextDecade said on Wednesday CFO Brent Wahl will step down on October 20 to join a digital infrastructure company and will be replaced by the U.S. liquefied natural gas producer's senior vice president, Mike Mott, on an interim basis.Wahl, who has served as NextDecade's CFO...Reuters
Wed, Oct 8
PRECIOUS-Gold zooms past $4,000 for first time in historic flight to safety
Gold up about 54% so far this yearGold could reach $4,530/oz by the end of Q3 2026, analyst saysTraders price in 25 bps Fed rate-cut this monthBy Anmol Choubey Oct 8 (Reuters) - Gold raced past $4,000 an ounce for the first time on Wednesday as investors piled into a record-breaking rally in the ...Reuters
Wed, Oct 8
US postpones sanctions on Serbia's Russian-owned NIS oil company for one week
BELGRADE, Oct 8 (Reuters) - The U.S. has postponed sanctions on Serbia's Russian-owned NIS NIIS.BEL oil company, which runs Serbia's only oil refinery, for one week until October 15, Belgrade-based Nova Ekonomija news portal reported on Wednesday, citing sources.The reported extension comes ...Reuters
Wed, Oct 8
RPT-BREAKINGVIEWS-China-BHP spat reinforces M&A appeal
By Antony Currie MELBOURNE, Oct 8 (Reuters Breakingviews) - BHP's BHP.AX shareholders seem exceptionally sanguine about a major threat to its biggest product from its largest customer. Last week Bloomberg reportedthat state-run iron ore buyer China Mineral Resources Group has told major steel...Reuters
Wed, Oct 8
Indonesia says 22 plants in industrial zone near Jakarta contaminated by caesium 137
JAKARTA, Oct 8 (Reuters) - Indonesia's special task force on radioactive contamination has found traces of Caesium 137 at 22 production facilities in an industrial zone near Jakarta, officials said on Wednesday.The contamination was first detected in a batch of shrimp shipped to the United State...Reuters
Wed, Oct 8
