News
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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
Vale Base Metals boosts Onca Puma capacity with new nickel furnace
RIO DE JANEIRO, Sept 30 (Reuters) - Vale Base Metals has begun operating a new nickel furnace at its Onca Puma complex in northern Brazil, a move set to boost the asset's nominal production capacity by 60% to 40,000 metric tons per year, Brazilian miner Vale VALE3.SA said on Tuesday.($1 = 5.3231...Reuters
Tue, Sep 30
Namibia cautious about taking up a stake in De Beers, local media report
WINDHOEK, Sept 30 (Reuters) - Namibia will carefully consider whether or not to acquire a stake in De Beers as the diamond price slump persists, local media reported on Monday, citing the country's deputy prime minister.The diamond giant has been put up for sale by Anglo American AAL.L as the pa...Reuters
Tue, Sep 30
August Passenger Demand Up 4.6% - IATA
Sept 30 (Reuters) - PASSENGER DEMAND GROWS 4.6% IN AUGUST - IATATOTAL DEMAND, MEASURED IN REVENUE PASSENGER KILOMETERS (RPK), WAS UP 4.6% COMPARED TO AUGUST 2024- IATAINTERNATIONAL DEMAND ROSE 6.6% COMPARED TO AUGUST 2024- IATADOMESTIC DEMAND INCREASED 1.5% COMPARED TO AUGUST 2024- IATAReuters
Tue, Sep 30
GRAINS-Chicago grains subdued as USDA stocks report looms
Soybeans, corn, wheat ease before quarterly U.S. stocks dataSoybeans set for monthly, quarterly falls as China demand weighsLooming U.S. government shutdown adds to cautious moodBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, Sept 30 (Reuters) - Chicago soybean, corn and wheat futures edged lo...Reuters
Tue, Sep 30
Oil slips as Iraq exports resume and OPEC+ plans output hike – Commerzbank
Oil prices dropped early this week as northern Iraq resumed exports and OPEC+ signals a modest production increase for November, raising concerns of a widening oversupply despite elevated prices, Commerzbank's commodity analyst Barbara Lambrecht notes.Fxstreet
Tue, Sep 30
Tropical Storm Imelda becomes a hurricane, NHC says
Sept 30 (Reuters) - Tropical Storm Imelda has strengthened into a hurricane, the U.S. National Hurricane Center said on Tuesday.Hurricane Imelda is located about 755 miles (1,215 km) west-southwest of Bermuda, packing maximum sustained winds of 75 mph (120 km/h), the NHC added in its latest advisory...Reuters
Tue, Sep 30
PRECIOUS-Gold falls from record high on profit-taking; set for best month in 5 years
Gold up over 10% so far this monthTrump imposes additional tariffsSilver on track for best month since July 2020By Ishaan Arora Sept 30 (Reuters) - Gold fell on Tuesday as investors booked profits after prices hit a record high earlier in the session, while concerns about a looming U.S. governmen...Reuters
Tue, Sep 30
Tilrat Announces Expansion Of Cannabis Production At Its Advanced EU-Gmp Facility In Germany
Sept 30 (Reuters) - Tilray Brands Inc TLRY.O:TILRAY, A GLOBAL LEADER IN MEDICAL CANNABIS, ANNOUNCES EXPANSION OF PREMIUM CRAFT CANNABIS PRODUCTION AT ITS ADVANCED EU-GMP FACILITY IN GERMANY; TILRAY MEDICAL ENHANCES TILRAY CRAFT CANNABIS PORTFOLIO WITH NEW PATIENT-CENTERED OFFERINGSReuters
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 weak demand seen contributing to an expected global surplus in the upcoming 2025/26 season. COCOA* London cocoa LCCc2 fell 2.1% to 4,762 pounds a metric ton by 1100 GMT after hitting a 2-1/2 month low of 4...Reuters
Tue, Sep 30
US coal auctions will test industry appetite for Trump mining revival
Trump administration auctions coal leases in Alabama, Utah, Wyoming and MontanaCoal production dropped 40% from 2013 to 2023, EIA reportsEnvironmentalists criticize coal leasing amid climate change concernsIndustry body expects strong demand for new federal leases Sept 30 (Reuters) - The Trump ad...Reuters
Tue, Sep 30
POLL-Oil price outlook steady as rising supply offset by concerns over Russian output
Geopolitical risks unlikely to cause sustained price rallyOPEC+ and non-OPEC+ production growth seen deepening supply glutFor table of crude price forecasts, click By Anjana Anil Sept 30 (Reuters) - Oil prices are expected to hold almost steady this year despite mounting supply from both OPEC+ an...Reuters
Tue, Sep 30
RPT-COLUMN-Key trends to track as US aims for coal sector revival: Maguire
By Gavin Maguire LITTLETON, Colorado, Sept 30 (Reuters) - The Trump administration's vows to provide federal land leases and power sector loans may ignite a brief and spotty revival in coal's fortunes. But other factors will determine whether a more durable recovery in the U.S. coal secto...Reuters
Tue, Sep 30
Indonesia says it is in touch with nuclear watchdog, United States on radioactive shrimp
JAKARTA, Sept 30 (Reuters) - Indonesia is providing regular updates to the global nuclear watchdog and the United States regarding its probe into the detection of a radioactive element in a consignment of shrimp, Indonesian authorities said on Tuesday. Indonesia has been investigating traces of Caes...Reuters
Tue, Sep 30
Ukrainian citizen wanted over Nord Stream explosions detained in Poland, RMF reports
WARSAW, Sept 30 (Reuters) - Volodymyr Z., a Ukrainian citizen wanted by Germany over his alleged involvement in the Nord Stream explosions, has been detained in Poland, private radio station RMF FM reported on Tuesday.Reuters
Tue, Sep 30
States to end nutrition education programs after Trump cuts
States to end SNAP-Ed programs after September 30SNAP-Ed cuts are first to nutrition programs from Trump spending bill30-year-old program reached nearly 2 million people in 2022By Leah Douglas and Nathan Frandino WASHINGTON/SAN FRANCISCO, Sept 30 (Reuters) - On a warm September day in the courtya...Reuters
Tue, Sep 30
