News
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Brazil's oil and gas production keeps above 5 million boed in August
SAO PAULO, Oct 1 (Reuters) - Brazil's oil and gas production hit 5.08 million barrels of oil equivalent per day (boed) in August, remaining above the key level of 5 million boed reached for the first time the previous month, oil regulator ANP said in a statement on Wednesday.Oil output reached 3...Reuters
Wed, Oct 1
US government shutdown negative for credit rating, Europe's Scope warns
LONDON, Oct 1 (Reuters) - European rating agency Scope has said that the shutdown of the U.S. government is another negative for the country's downgrade-threatened credit score.Scope, which currently rates the U.S. 'AA' with a 'negative outlook', said it showed deepening politica...Reuters
Wed, Oct 1
Kuwait raises over $11 billion from bond sale as investors pile in to Gulf debt
Kuwait raises $11.25 billion in 3, 5 and 10-year maturitiesOrder books well over $20 billion, indicating strong demandNew public debt law approved after years of political gridlock By Rachna Uppal ABU DHABI, Oct 1 (Reuters) - Kuwait, a top oil producer, raised $11.25 billion from a three-part bo...Reuters
Wed, Oct 1
SOFTS-London cocoa hits 2-1/2 month low, while sugar slides
LONDON, Oct 1 (Reuters) - London cocoa futures fell to a 2-1/2 month low on Wednesday as the 2025/26 main crop season got underway in top grower Ivory Coast, while raw sugar prices were down sharply following a large delivery against the October contract that expired this week. COCOA* London c...Reuters
Wed, Oct 1
US withholds $18 billion from New York City over DEI, OMB chief says
WASHINGTON, Oct 1 (Reuters) - The federal government is withholding $18 billion in New York City infrastructure projects, Office of Management and Budget Director Russ Vought said on Wednesday, citing diversity, equity and inclusion concerns.Reuters
Wed, Oct 1
OPEC+ panel stresses need for full compliance with oil output limits
By Ahmad Ghaddar and Alex Lawler LONDON, Oct 1 (Reuters) - An OPEC+ panel stressed the need for achieving full compliance with oil output agreements and extra output cuts that some members are required to make to compensate for earlier exceeding quotas at a meeting on Wednesday, OPEC said in a st...Reuters
Wed, Oct 1
Diamondback CEO says hard to see oil output growth at $60 a barrel
By Arathy SomasekharHOUSTON, Oct 1 (Reuters) - U.S. oil production growth will stall if oil prices hover around $60 per barrel, as the industry runs out of good quality acreage to drill, the chief executive officer of one of the top oil producers, Diamondback Energy FANG.O, said on Wednesday."Th...Reuters
Wed, Oct 1
FCC suspends most normal operations, furloughs 81% of staff
WASHINGTON, Oct 1 (Reuters) - The Federal Communications Commission said Wednesday it has furloughed 1,044 employees -- or 81% of its staff -- and suspended most normal operations after a lapse in U.S. government funding.The U.S. telecommunications regulator said it will stop answering consumer comp...Reuters
Wed, Oct 1
Duke Energy considers nuclear reactors and coal extensions in Carolinas energy plan
Duke Energy considers adding new nuclear reactors by 2037Coal plant extensions sought after federal policy shiftPlans to roughly double battery storage capabilities by 2034By Laila Kearney NEW YORK, Oct 1 (Reuters) - U.S. power company Duke Energy DUK.N is considering adding large nuclear reactor...Reuters
Wed, Oct 1
CBOT Trends-Wheat down 5-6 cents, corn down 2-4, soybeans down 5-6
CHICAGO, Oct 1 (Reuters) - The 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 shut down much of its operations on Wednesday morning as Congress and the White Hou...Reuters
Wed, Oct 1
US natgas prices climb 2% to 10-week high as output drops
US gas output falls, impacting futures pricesLNG export flows decline, affecting gas demandPipeline constraints keep Waha Hub prices negativeBy Scott DiSavino Oct 1 (Reuters) - U.S. natural gas futures climbed about 2% to a 10-week high on Wednesday on a drop in daily output.That increase came de...Reuters
Wed, Oct 1
Rescuers hunt for survivors after Philippines' deadliest quake in over a decade kills at least 69
Death toll at 69, help sought for overstretched hospitalsQuake was the deadliest in the Philippines since 2013 Coat guard sends vessel with medical personnel Roads, buildings, churches damaged, power cut offBy Adrian Portugal and Eloisa Lopez BOGO, Philippines, Oct 1 (Reuters) - Rescue teams in t...Reuters
Wed, Oct 1
FACTBOX-How the US government shutdown affects key economic data publishing
Oct 1 (Reuters) - The U.S. government shut down much of its operations on Wednesday after Republicans and Democrats failed to reach an agreement to extend funding past a midnight deadline, a closure that will shut off the flow of key economic data at a moment of uncertainty among policym...Reuters
Wed, Oct 1
US Henry Hub natural gas prices hit September three-year high
Oct 1 (Reuters) - Benchmark U.S. spot natural gas prices at the Henry Hub NG-W-HH-SNL in Louisiana hit a three-year high for the month of September, LSEG pricing data showed.Gas prices averaged $3.02 per million British thermal units (mmBtu), their highest for September since 2022. That was up from ...Reuters
Wed, Oct 1
SOFTS-Cocoa holds just above 2-1/2 month lows, sugar slips
LONDON, Oct 1 (Reuters) - Cocoa futures on ICE were hovering just above the prior session's 2-1/2 month lows on Wednesday as the 2025/26 main crop season got underway in top grower Ivory Coast. COCOA* London cocoa LCCc2 fell 0.4% to 4,728 pounds a metric ton by 1152 GMT, with the market ho...Reuters
Wed, Oct 1
Polish court says Ukrainian wanted in Nord Stream case must remain in custody
WARSAW, Oct 1 (Reuters) - A Polish court decided on Wednesday that the Ukrainian diver wanted by Berlin over his alleged involvement in explosions which damaged the Nord Stream gas pipeline, must be kept in custody while a decision is made on whether to transfer him to Germany.Described by both Mosc...Reuters
Wed, Oct 1
Russia's Novak: situation with domestic fuel supply is under control
SOCHI, Russia, Oct 1 (Reuters) - Russian Deputy Prime Minister Alexander Novak said on Wednesday that the situation with supply of fuel on the domestic market is under control on the whole, while some regions are experiencing shortages of the fuel. Several regions in Russia reported shortages of ...Reuters
Wed, Oct 1
Russia's Novak: situation with domestic fuel supply is under control
SOCHI, Russia, Oct 1 (Reuters) - Russian Deputy Prime Minister Alexander Novak said on Wednesday that the situation with supply of fuel on the domestic market is under control on the whole, while some regions are experiencing shortages of the fuel."We are witnessing some problems with supplies a...Reuters
Wed, Oct 1
EU to cut steel import quotas, hike tariffs to 50%
By Julia Payne BRUSSELS, Oct 1 (Reuters) - The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those levels to 50% in line with tariffs imposed by the U.S. and Canada, two sources briefed on details told Reuters on Wednesday.The measu...Reuters
Wed, Oct 1
