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German power grid fees set to drop by more than half in 2026
BERLIN, Oct 1 (Reuters) - Germany's transmission system operators announced preliminary electricity grid fees for 2026, projecting a 57% reduction, contingent on government subsidies.The reduction offers relief for consumers and industrial customers suffering from electricity costs that are amon...
Reuters
Wed, Oct 1
Serbia’s NIS granted US sanctions waiver until October 8
BELGRADE, Oct 1 (Reuters) - The U.S. Department of the Treasury has granted a special licence delaying full sanctions on Serbia's Russian-owned oil company NIS NIIS.BEL and allowing its operations to continue until October 8, NIS said on Wednesday. NIS operates the only oil refinery in the Balka...
Reuters
Wed, Oct 1
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Wednesday, according to FXStreet data.
Silver
Fxstreet
Wed, Oct 1
WTI Price Forecast: Languishes near $61.50 support zone; seems vulnerable
West Texas Intermediate (WTI) US Crude Oil prices extend last week's retracement slide from the $66.20 region, or the highest level since August 4, and drift lower for the fourth successive day on Wednesday.
WTI
Fxstreet
Wed, Oct 1
Caspian Pipeline Consortium says marine terminal loadings for January-September up almost 12% y/y
MOSCOW, Oct 1 (Reuters) - The Caspian Pipeline Consortium said on Wednesday that oil loading volumes at its marine terminal reached 55.51 million tons in the period from January to September, up almost 12% year-on-year.
Reuters
Wed, Oct 1
Russian management of Zaporizhzhia nuclear plant says external power must be restored
MOSCOW, Oct 1 (Reuters) - The Russian-installed management of Ukraine's Zaporizhzhia nuclear plant said on Wednesday that the situation at the plant is under control and radiation levels normal, but that it is important that external power be restored as soon as possible.The vast Soviet-built Za...
Reuters
Wed, Oct 1
Eni to sign FID for Coral North project in Mozambique, sources say
CAPE TOWN, Oct 1 (Reuters) - Italian energy group Eni ENI.MI is expected to agree a final investment decision for Mozambique's second floating liquefied natural gas (LNG) platform at an event in the capital Maputo on Thursday, two sources familiar with the matter told Reuters. Mozambique...
Reuters
Wed, Oct 1
EU plans to cut steel import quotas, hike tariffs
BRUSSELS, Oct 1 (Reuters) - The European Commission will propose cutting steel import quotas by nearly half and hiking duties on volumes above those quota levels to as high as 50%, similar to tariffs imposed by the United States and Canada, a source briefed on details told Reuters on Wednesday.The m...
Reuters
Wed, Oct 1
Oil: OPEC+ noise continues to grow – ING
Oil prices extended losses yesterday after reports that OPEC+ may be bringing supply back onto the market at a quicker-than-expected pace, ING's commodity experts Ewa Manthey and Warren Patterson note.
Fxstreet
Wed, Oct 1
Indonesia expects deal soon with Freeport-McMoran on divestment plan
JAKARTA, Oct 1 (Reuters) - Indonesia expects to sign a deal with Freeport-McMoRan FCX.N soon regarding a plan for the firm to divest a 12% stake in its Indonesian unit PT Freeport Indonesia, the investment minister said on Wednesday.
Reuters
Wed, Oct 1
Gold: Testing fresh highs – OCBC
Gold extended its run higher, hitting intra-day high of 3875 levels, before backing off. Risk of US government shutdown raises concerns of economic slowdown. XAU last seen at 3876 levels., OCBC's FX analysts Frances Cheung and Christopher Wong note.
Gold
Fxstreet
Wed, Oct 1
Outokumpu Starts Cooperations Negotiations Affecting Up To 450 Jobs
Oct 1 (Reuters) - Outokumpu Oyj OUT1V.HE:INSIDE INFORMATION: OUTOKUMPU IS PROCEEDING WITH ITS PLANNED RESTRUCTURING PROGRAMRESTRUCTURING TO AFFECT 650 OUTOKUMPU POSITIONS BY 2027PLANS RESTRUCTURING FOR EUR 100 MILLION SAVINGS BY 2027ABOUT 120 POSITIONS ARE EXPECTED TO BE REDUCED THROUGH NORMAL ATTRI...
Reuters
Wed, Oct 1
Vietnam estimates property damage from Typhoon Bualoi at $303 mln
HANOI, Oct 1 (Reuters) - Vietnam's government said Typhoon Bualoi caused an estimated 8 trillion dong ($303 million) of property damage this week, saying in a preliminary assessment on Wednesday that nearly 170,000 houses were damaged or inundated by flooding.Bualoi made landfall on Monday in no...
Reuters
Wed, Oct 1
REFILE-Russia says power supply at Zaporizhzhia nuclear plant is sufficient despite Ukrainian shelling, RIA says
MOSCOW, Oct 1 (Reuters) - The Russian-installed management at the Zaporizhzhia nuclear plant said on Wednesday that backup electricity supply at the plant was sufficient, but that resumption of supply via the Dneprovskaya line was impossible due to Ukrainian shelling, the Russian state news agency R...
Reuters
Wed, Oct 1
Bahrain to tap debt markets with two-part US dollar issue
ABU DHABI, Oct 1 (Reuters) - Bahrain plans to tap global debt markets on Wednesday with a two-part issuance, the latest Gulf sovereign to capitalise on investor appetite for regional debt.Saudi Arabia, Abu Dhabi and Kuwait have all raised debt in recent weeks as attractive borrowing costs and strong...
Reuters
Wed, Oct 1
METALS-London copper rises on Chile production drop
By Lucas Liew Oct 1 (Reuters) - London copper edged higher on Wednesday, driven by supply concerns after output in top producer Chile fell the most in more than two years in August. Three-month copper on the London Metal Exchange CMCU3 gained 0.52% to $10,322 per metric ton by 0708 GMT. Markets ...
Reuters
Wed, Oct 1
TABLE-North Sea gas maintenance schedule: Adds Atwick outage
Oct 1 (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
Wed, Oct 1
TABLE-UAE's Fujairah oil inventory data for week ended September 29
Oct 1 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended September 29, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change f...
Reuters
Wed, Oct 1
KKR invests in ADNOC gas pipeline infrastructure in Middle East push
ABU DHABI, Oct 1 (Reuters) - Global investment firm KKR KKR.N has acquired a minority stake in the entity that leases Abu Dhabi National Oil Company's gas pipeline assets, it said on Wednesday, without disclosing financial details. KKR is acquiring the minority stake in ADNOC Gas Pipeline Assets...
Reuters
Wed, Oct 1
Fire at major oil refinery in Russia's Yaroslavl is under control, authorities say
MOSCOW, Oct 1 (Reuters) - Russian firefighters have brought under control a fire at a major oil refinery in the Yaroslavl region northeast of Moscow, the local emergencies ministry said on Wednesday.The fire at what is one of Russia's largest refineries broke out earlier on Wednesday, Mikhail Ye...
Reuters
Wed, Oct 1
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