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BofA raises copper price forecast for 2026 and 2027
Sept 29 (Reuters) - Bank of America (BofA) raised its forecasts for 2026 and 2027 copper prices amid supply concerns and noted that demand is rebounding in Europe and set to stabilise in China . The bank raised its copper price outlook for next year to $11,313 per ton from $...Reuters
Mon, Sep 29
On NATO's eastern flank, bunkers and anti-drone nets set to protect power grids
Drones incursions alarm NATO and EU member statesFour countries accelerate moves to protect power gridsSecurity to include concrete bunkers, anti-drone nets One focus area is parts of Lithuania near Belarus border Another focus is the so-called Suwalki Gap By Andrius Sytas and Marek Strzelecki N...Reuters
Mon, Sep 29
TotalEnergies CEO says he'd be surprised if all approved US LNG projects will be built
PARIS, Sept 29 (Reuters) - TotalEnergies CEO Patrick Pouyanne said on Monday he would be surprised if all U.S. LNG projects that have received regulatory approval will be built, citing the difficulty of finding willing long-term buyers and financing. Pouyanne has previously warned that the United St...Reuters
Mon, Sep 29
Diana Shipping Announces Time Charter Contract With Bunge
Sept 29 (Reuters) - Diana Shipping Inc DSX.N:DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT FOR M/V DSI AQUILA WITH BUNGEDIANA SHIPPING INC - GROSS CHARTER RATE SET AT $14,500 MINUS 5% COMMISSIONDIANA SHIPPING INC - CHARTER EXPECTED TO COMMENCE ON OCTOBER 12, 2025DIANA SHIPPING INC - DSI AQUILA...Reuters
Mon, Sep 29
PG&E unveils $73 billion spending plan to meet surging data-center energy demand
Sept 29 (Reuters) - U.S.-based utility PG&E Corp PCG.N said on Monday it plans to spend $73 billion by 2030 for transmission upgrades to meet the data center-led surge in electricity demand.The company had said in July it was working to serve 10 gigawatts (GW) of new electricity demand from data...Reuters
Mon, Sep 29
SOFTS-Arabica coffee prices edge up, cocoa also higher
LONDON, Sept 29 (Reuters) - Arabica coffee futures on ICE edged up on Monday, underpinned by the recent decline in exchange stocks, while cocoa and raw sugar prices were also higher. COFFEE* Arabica coffee KCc2 rose 0.03% to $3.59 per lb by 1430 GMT.* Dealers said the market is also...Reuters
Mon, Sep 29
Gold miner Newmont names Natascha Viljoen its first female CEO
By Vallari Srivastava Sept 29 (Reuters) - Newmont NEM.N on Monday named Natascha Viljoen as its first female CEO, succeeding Tom Palmer, at a time when the gold mining sector tries to cope with a slew of challenges, even as the precious metal hits a series of new highs. Viljoen's appointm...Reuters
Mon, Sep 29
US natural gas prices slide 2% on rising daily output, mild weather forecasts
Pipeline constraints keep cash prices at Waha and AECO hubs below zeroAECO prices hit record lows for five consecutive daysHurricane Humberto and Tropical St orm Imelda pose no threat to U.S.By Scott DiSavino Sept 29 (Reuters) - U.S. natural gas futures slid about 2% on Monday on an increase in d...Reuters
Mon, Sep 29
Equatorial Guinea to open its 2026 oil and gas licensing round in April
Equatorial Guinea aims for more explorationWill launch first licensing round since 2019OPEC member faces dwindling oil outputBy Wendell Roelf CAPE TOWN, Sept 29 (Reuters) - Equatorial Guinea will open a new oil and gas licensing round in April to boost exploration and counter dwindling oil output...Reuters
Mon, Sep 29
Barrick names operations chief as interim CEO after sudden Bristow exit
Mark Hill to become interim CEO with immediate effect Move follows surprise early exit of Mark BristowNext CEO faces decisions on Mali, Reko Diq project, othersBy Divya Rajagopal Sept 29 (Reuters) - Barrick Mining ABX.TO appointed veteran executive Mark Hill as interim president and CEO on Monday...Reuters
Mon, Sep 29
WTI Price Forecast: Sellers hold control below 200-day SMA, downside bias intact
West Texas Intermediate (WTI) Crude Oil kicks off the week on a softer footing, resuming its downside correction after peaking at a seven-week high on Friday. At the time of writing, WTI trades near $63.65 per barrel, down over 2.0% on the day.
Fxstreet
Mon, Sep 29
Serbia's Russian owned NIS files request to postpone implementation of US sanctions
BELGRADE, Sept 29 (Reuters) - Serbia's Russian owned oil company NIS NIIS.BEL on Sunday filed a request to postpone implementation of the United States sanctions, the company said on Monday. The U.S. Treasury's Office of Foreign Assets Control initially placed sanctions on Russia's oil s...Reuters
Mon, Sep 29
CBOT Trends-Soy down 4-6 cents a bushel, corn down 1-3 cents, wheat flat to down 2 cents
CHICAGO, Sept 29 (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 Monday. WHEAT - Flat to down 2 centsTraders were waiting for the U.S. Department of Agriculture to issue quarterly...Reuters
Mon, Sep 29
RPT-COLUMN-Grasberg disaster highlights fragility of copper supply chain: Andy Home
By Andy Home LONDON, Sept 29 (Reuters) - The copper market is long accustomed to unexpected supply hits but the catastrophic events at Freeport-McMoRan's FCX.N Grasberg mine in Indonesia are unprecedented in terms of scale and potential impact. Grasberg is the world's second-largest coppe...Reuters
Mon, Sep 29
Iraq's Kurdistan oil flows to Turkey running at 150,000-160,000 bpd, sources say
LONDON, Sept 29 - Crude oil flows from Iraq's Kurdistan region to Turkey’s Ceyhan port are running at 150,000-160,000 barrels per day after their resumption on September 27, two industry sources told Reuters.Flows resumed on Saturday for the first time in two and a half years, as eight oil compa...Reuters
Mon, Sep 29
PRECIOUS-Gold surges past $3,800/oz to record high on rate cut bets, geopolitical concerns
Trump hopes to strike deal to keep government openMore upside for gold, targeting $3,900/oz, analyst saysSilver hits more than 14-year high Platinum at 12-year high By Anmol Choubey Sept 29 (Reuters) - Gold prices broke past $3,800 an ounce for the first time on Monday to hit a record high, as ex...Reuters
Mon, Sep 29
Iraq's Kurdistan oil flows to Turkey running at 150,000-160,000 bpd, sources say
LONDON, Sept 29 - Oil flows from Iraq’s Kurdistan region to Turkey’s Ceyhan port are running at 150,000-160,000 barrels per day after their resumption on September 27 , two industry sources told Reuters.Reuters
Mon, Sep 29
PRESS DIGEST-Canada - September 29
Sept 29 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL** Two of the most senior purchasing officials at Alberta Health Services in 2022 were also briefly directors of a n...Reuters
Mon, Sep 29
WRAPUP-BP and Total deepen commitments to US with major projects
BP's Tiber-Guadalupe project to produce 80,000 boed by 2030US will account for just under half of BP output by 2030TotalEnergies buys US onshore gas asset stake from ContinentalBy Sheila Dang, Stephanie Kelly and America Hernandez HOUSTON/LONDON, Sept 29 (Reuters) - European oil and gas major...Reuters
Mon, Sep 29
