News
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Exxon CEO seeks security assurances from Mozambique president for LNG terminal, FT reports
Woods and Chapo discuss TotalEnergies' force majeure that impacts shared facilities with Exxon -FTExxon previously announced 2026 target to greenlight Rovuma LNG Islamic State-linked militants disrupt energy projects since 2017 Sept 30 (Reuters) - Exxon Mobil XOM.N CEO Darren Woods last w...Reuters
Tue, Sep 30
Expand Energy CEO expects US LNG export capacity to nearly double by end of 2030
By Arathy SomasekharHOUSTON, Sept 30 (Reuters) - Natural gas producer Expand Energy EXE.O on Tuesday said it expects U.S. Gulf Coast LNG export capacity to double to about 28 billion cubic feet (bcf) a day by 2030. Expand, among the top U.S. gas producers, also expects demand for gas to power AI and...Reuters
Tue, Sep 30
FACTBOX-Global energy layoffs deepen in 2025 as crude prices weaken, M&A deals surge
Sept 30 (Reuters) - Global energy majors and related companies plan to slash more jobs in 2025, after cutting thousands last year, as the industry navigates weaker crude oil prices and a rapid consolidation.Benchmark Brent crude LCOc1 futures are down about 10.5% year-to-date, impacted by increased ...Reuters
Tue, Sep 30
Construction of Vaca Muerta pipeline in Argentina is 35% completed, official says
AUSTIN, Sept 30 (Reuters) - The construction of a flagship pipeline to transport oil output from Argentina's Vaca Muerta region to the coast is 35% completed, the country's head of energy Daniel Gonzalez said in an energy conference on Tuesday.Reuters
Tue, Sep 30
Iraq aims to double KRG oil flows next year
By Enes Tunagur and Robert Harvey LONDON, Sept 30 - Iraq aims to more than double crude oil flows through the newly reopened Kirkuk-Ceyhan pipeline by next year, said an official at Iraqi state oil marketer SOMO. The reopening of the pipeline comes against a backdrop of rising global supplies as ...Reuters
Tue, Sep 30
Russia declares partial diesel export ban until year-end, extends gasoline ban
MOSCOW, Sept 30 (Reuters) - Russia has imposed a partial ban on diesel exports and extended an existing gasoline export ban until the end of the year, the government said on Tuesday.Russia is facing fuel shortages after a spate of Ukrainian attacks on its refineries. The measures were expec...Reuters
Tue, Sep 30
BREAKINGVIEWS-Congress gets a chance to reclaim US fiscal power
By Gabriel Rubin WASHINGTON, Sept 30 (Reuters Breakingviews) - Equipped with few tools in Washington these days, Democrats would be foolish to surrender their most powerful one: access to the off switch. The government’s $1.8 trillion discretionary coffers are now bare, and if they're not res...Reuters
Tue, Sep 30
US natgas futures hits over 2- month high on warmer weather outlook
By Anushree Mukherjee Sept 30 (Reuters) - U.S. natural gas futures climbed to a more than two-month high on Tuesday, supported by forecasts that warmer-than-normal weather will persist through mid-October, which is expected to keep demand elevated.Front-month, gas futures for November delivery NG...Reuters
Tue, Sep 30
Gold hits record high on US shutdown fears – Commerzbank
Gold surged to a new all-time high above USD 3,850 per troy ounce, fueled by safe-haven demand amid looming US government shutdown concerns and continued ETF inflows, particularly from North American investors, Commerzbank's commodity analyst Barbara Lambrecht notes.
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Tue, Sep 30
Expand Energy CEO expects US LNG export capacity to nearly double by end of 2030
HOUSTON, Sept 30 (Reuters) - Natural gas producer Expand Energy EXE.O on Tuesday said it expects U.S. LNG export capacity to double to about 28 billion cubic feet (BCF) a day by 2030. Expand, among the top U.S. gas producers, also expects demand for gas to power AI and data centers to be about 4 bil...Reuters
Tue, Sep 30
ICE canola futures fall on weak soy, good harvest weather
WINNIPEG, Manitoba, Sept 29 (Reuters) - ICE canola futures fell on Monday as weak Chicago soyoil and good Canadian harvest weather knocked away price support. • The Winnipeg canola futures market is closed on Tuesday for Canada's National Day for Truth and Reconciliation holiday.• November ca...Reuters
Tue, Sep 30
France investigates suspected offence by sanctioned oil tanker
PARIS, Sept 30 (Reuters) - The French Navy on Tuesday said authorities were investigating a suspected infraction by the Benin-flagged oil tanker Boracay, a vessel which is listed under European Union and British sanctions against Russia."Following a suspected offence by the vessel Boracay, a rep...Reuters
Tue, Sep 30
Iraq's SOMO targets oil flows of as much as 500,000 bpd on Kirkuk-Ceyhan line in 2026
LONDON, Sept 30 (Reuters) - Iraq's state oil marketer SOMO is targeting an increase in flows through the Kirkuk-Ceyhan pipeline up to about 400,000-500,000 barrels per day (bpd) next year, said Rikan Kareem, head of the company's European Market Section.Flows through the pipeline resumed on ...Reuters
Tue, Sep 30
Russia declares partial diesel export ban until year-end, extends gasoline ban
MOSCOW, Sept 30 (Reuters) - Russia has imposed a partial ban on diesel exports and extended an existing gasoline export ban until the end of the year, the government said on Tuesday.Russia is facing fuel shortages after a spate of Ukrainian attacks on its refineries.Reuters
Tue, Sep 30
SOFTS-Cocoa prices hit 2-1/2 month lows as demand weakens
LONDON, Sept 30 (Reuters) - Cocoa futures on ICE slumped to 2-1/2 month lows on Tuesday, with dealers citing the influence of weak demand on an expected global surplus in the coming 2025/26 season. COCOA* London cocoa LCCc2 fell 2.6% to 4,740 pounds a metric ton by 1310 GMT after hitting a 2-1/2 m...Reuters
Tue, Sep 30
CBOT Trends-Wheat and corn down 1-3 cents, soy down 3-5 cents
CHICAGO, Sept 30 (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 Tuesday. WHEAT - Down 1 cent to 3 cents per bushelCBOT wheat Wv1 set a one-week low as traders awaited the U.S. De...Reuters
Tue, Sep 30
OPEC+ to consider bigger increase to oil output, sources say
LONDON, Sept 30 (Reuters) - OPEC+ is likely to consider a larger oil production increase of 411,000 barrels per day (bpd) for November at its meeting next Sunday as rising oil prices encourage the group to try to regain more market share, said two sources familiar with the talks.A 411,000 bpd jump w...Reuters
Tue, Sep 30
