News
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US port fees, and $3 billion in costs, loom for owners of Chinese-built ships
USTR port fees on China-built, owned and operated ships to start October 14Top 10 cargo carriers face $3.2 billion in port fees in 2026Beijing responded with decree pledging countermeasures against any discriminatory measures on Chinese shipsBy Lisa Baertlein LOS ANGELES, Oct 7 (Reuters) - The U....Reuters
Tue, Oct 7
PRECIOUS-US gold futures top $4,000 mark as record run gathers pace
US gold futures breached the $4,000 level US government shutdown entered its seventh dayChina's central bank extends gold buying for 11th monthBy Anushree Mukherjee Oct 7 (Reuters) - U.S. gold futures surged past the $4,000 per ounce milestone for the first time on Tuesday, driven by expectat...Reuters
Tue, Oct 7
RPT-IAEA discussing proposals with Russia, Ukraine to restore power to Zaporizhzhia plant, Grossi says (Oct. 3)
Oct 3 (Reuters) - International Atomic Energy Agency Director General Rafael Grossi said on Friday he is discussing detailed proposals with Russia and Ukraine on how to restore off-site power to the Zaporizhzhia Nuclear Power Plant.The plant, Europe's largest, has been cut off from external powe...Reuters
Tue, Oct 7
Trump considering cancelling additional $12 billion of funding for clean energy projects, Semafor reports
Oct 7 (Reuters) - The U.S. government is considering cancelling an additional $12 billion in funding for clean energy projects beyond the cuts announced last week, Semafor reported on Tuesday.Reuters was not able to verify the report.Reuters
Tue, Oct 7
Brazilian diesel imports surge in September as US gains Russian market share
RIO DE JANEIRO, Oct 7 (Reuters) - Brazil's diesel imports in September rose to their highest level since December 2023, as U.S. volumes sharply increased to offset declining Russian supplies amid strong agricultural demand, consultancy StoneX said on Tuesday.WHY IT'S IMPORTANT The rise in im...Reuters
Tue, Oct 7
CORRECTED-ANALYSIS-Private credit cash pivots from 'risky' West to emerging markets
Private credit, seeking yields, shifts to emerging markets Bespoke financing and repayment terms lure borrowersConcerns over impact on bond markets and sovereign debtBy Libby George and Rodrigo Campos LONDON/NEW YORK, Oct 7 (Reuters) - An intricate series of pipes off Angola's Atlantic coast ...Reuters
Tue, Oct 7
GRAINS-Soybeans tick up as market weighs crops, U.S.-China ties
By Karl Plume CHICAGO, Oct 7 (Reuters) - U.S. soybean futures firmed on Tuesday on technical and seasonal buying after two sessions of losses, as traders monitored U.S. harvesting, Brazilian planting progress and updates on trade negotiations with China and a U.S. farmer bailout package. ...Reuters
Tue, Oct 7
US Cash Grains-Soy basis steady-firmer; corn bids mixed
CHICAGO, Oct 7 (Reuters) - Spot basis bids for soybeans were steady-to-stronger at soy processing facilities and river elevators in the U.S. Midwest on Tuesday, spot checks showed, while a round of showers briefly interrupted the ongoing harvest.The soybean basis improved by 5 cents a bushel at crus...Reuters
Tue, Oct 7
US natgas output and demand to hit record highs in 2025, EIA says
EIA projects higher natural gas production and consumption in 2025LNG exports expected to increase significantly by 2026Coal production and CO2 emissions to rise in 2025, then declineBy Scott DiSavinoOct 7 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025, the U.S...Reuters
Tue, Oct 7
EU wheat stuck near lows as traders eye exports
PARIS, Oct 7 (Reuters) - Euronext wheat futures were little changed on Tuesday, remaining near contract lows, with a further fall in the euro countering weakness in Chicago as traders awaited fresh export news.December milling wheat BL2Z5, the most-active position on Paris-based Euronext, settled un...Reuters
Tue, Oct 7
Commonwealth LNG wants more time to build planned export facility in Louisiana
By Curtis Williams HOUSTON, Oct 7 (Reuters) - Commonwealth LNG has asked federal regulators for a four-year extension to construct and begin exporting liquefied natural gas from a proposed export facility in Cameron Parish, Louisiana, a regulatory document shows.In a letter to the Federal Energy ...Reuters
Tue, Oct 7
Trump says the US is working closely with Canada on Golden Dome
WASHINGTON, Oct 7 (Reuters) - President Donald Trump said on Tuesday that the United States is working closely with Canada on a Golden Dome missile defense system.Trump spoke to reporters in the Oval Office during talks with Canadian Prime Minister Mark Carney.Reuters
Tue, Oct 7
Europe Gasoline/Naphtha-Gasoline cracks rise slightly
LONDON, Oct 7 (Reuters) - Northwest European gasoline profit margins rose by about 40 cents to $16.30 a barrel on Tuesday.A total of 3,300 metric tons of Eurobob E5 barges traded as Exxon Mobil sold to TotalEnergies and BP.Another 4,000 tons of E10 barges traded as Shell sold two barges to Exxon Mob...Reuters
Tue, Oct 7
METALS-Copper climbs towards Monday's peak on mine disruptions
By Eric Onstad LONDON, Oct 7 (Reuters) - Copper prices on Tuesday headed back towards the 16-month highs hit in the previous session as worries about continued mine disruptions overshadowed any drag from a stronger dollar.Three-month copper on the London Metal Exchange CMCU3 had gained 0.6% to $1...Reuters
Tue, Oct 7
US natgas output and demand to hit record highs in 2025, EIA says
By Scott DiSavinoOct 7 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday.EIA projected that dry gas production will rise from 103.2 billion cubic feet per day in 2024 to 1...Reuters
Tue, Oct 7
EIA expects bigger US oil output record this year, warns of oversupply
NEW YORK, Oct 7 (Reuters) - U.S. oil production is now expected to hit a larger record of 13.53 million barrels per day this year, up from a prior forecast of 13.44 million bpd, the Energy Information Administration said on Tuesday.The Department of Energy's statistical arm also said it expects ...Reuters
Tue, Oct 7
EU to halve steel import quotas to preserve domestic industry
EU seeks to push plant capacity usage to more viable 80%Tariff-free import quotas to be 47% lower than in 2024EU steel sector welcomes move, UK expresses concernEU open to ring-fencing steel sector with like-minded partnersBy Philip Blenkinsop BRUSSELS, Oct 7 (Reuters) - The European Commission p...Reuters
Tue, Oct 7
Tyson, Cargill to pay $88 million to consumers in beef price-fixing lawsuit
By Mike Scarcella Oct 7 (Reuters) - Tyson Foods TSN.N and Cargill have agreed to pay a combined $87.5 million to settle a federal lawsuit brought by consumers who accused the companies of conspiring to inflate U.S. beef prices by restricting supply.The preliminary class action settlements were fi...Reuters
Tue, Oct 7
Chile mining regulator says investigation into fatal mine collapse will take months
SANTIAGO, Oct 7 (Reuters) - The head of Chile's Sernageomin mining regulator said on Tuesday that the investigation into the fatal mine collapse in El Teniente would likely take months to finalize."Due to the complexity of the accident it's had to determine an exact date," Andres Leo...Reuters
Tue, Oct 7
