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PRECIOUS-Gold rises ahead of Fed rate cut decision, silver hits $60/oz milestone
Silver hits all-time high of $60.74/ozFOMC policy meeting on December 9-10Traders see 87.4% chance of a December rate cutData shows U.S. job openings increased marginally in OctoberBy Anjana Anil and Anushree Mukherjee Dec 9 (Reuters) - Gold gained on Tuesday as traders remained optimistic ahead ...Reuters
23 hours ago
CBOT soybeans slide on worries about exports, South American harvest
CHICAGO, Dec 9 (Reuters) - Chicago Board of Trade soybean futures hit their lowest in more than a month on Tuesday, pressured by worries about the scale of Chinese demand for U.S. supplies, along with expectations of large South American harvests, traders said.Additional pressure came from news that...Reuters
23 hours ago
US natural gas futures drop 7% for second day as mild weather trims demand
Near-record gas output allows for increased storage levelsMeteorologists project mild US weather through late DecemberGlobal gas prices at 19-month lows on Ukraine peace talks, mild winterGas flows to LNG export plants near record highBy Scott DiSavino NEW YORK, Dec 9 (Reuters) - U.S. natural...Reuters
23 hours ago
Anglo American, Teck Resources shareholders approve mining merger
LONDON, Dec 9 (Reuters) - Shareholders of Anglo American AAL.L and Teck Resources TECKb.TO on Tuesday approved a previously announced merger, the companies said, paving the way for the creation of a copper heavyweight and leaving regulatory approvals as the final hurdle.More than 99.17% of votes cas...Reuters
23 hours ago
Shell says output at two Gulf of Mexico offshore platforms temporarily shut in
HOUSTON, Dec 9 (Reuters) - Oil major Shell SHEL.L said output at two of its offshore platforms in the U.S. Gulf of Mexico has been temporarily shut due to a shutdown of Hoover Offshore Oil Pipeline system (HOOPS).The company said it expects its Whale and Perdido platforms to resume production by t...Reuters
23 hours ago
Teck Resources shareholders approve merger with Anglo American
By Divya RajagopalTORONTO, Dec 9 (Reuters) - Shareholders of Canadian miner Teck Resources TECKb.TO on Tuesday voted in favor of the merger with Anglo American AAL.L, paving the way for both companies to move to the next step of seeking approvals from regulators across the world, including Canada.Te...Reuters
23 hours ago
Anglo American Says Anglo American Shareholders Approve Merger Of Equals With Teck Resources
Dec 9 (Reuters) - Anglo American PLC AAL.L:ANGLO AMERICAN : 99.17% OF VOTES CAST IN FAVOUR OF ANGLO-TECK MERGERANGLO AMERICAN : ANGLO AMERICAN SHAREHOLDERS APPROVE MERGER OF EQUALS WITH TECK RESOURCESANGLO AMERICAN : 99.98% OF VOTES CAST IN FAVOUR OF SPECIAL RESOLUTION ON CHANGE OF COMPANY NAME WITH...Reuters
23 hours ago
Zelenskiy says Ukraine ready for energy ceasefire if Russia agrees
KYIV, Dec 9 (Reuters) - Ukraine's President Volodymyr Zelenskiy said on Tuesday that Ukraine was ready for an energy ceasefire if Russia agrees, and that it would do whatever it can to organise a high-level meeting with the U.S. within the next two weeks on a peace deal.Responding to questions f...Reuters
23 hours ago
PRECIOUS-Gold rises ahead of Fed rate cut decision, silver hits $60/oz milestone
Silver hits all-time high of $60.59/ozFOMC policy meeting on December 9-10Traders see 87.4% chance of a December rate cutData shows U.S. job openings increased marginally in OctoberBy Anjana Anil and Anushree Mukherjee Dec 9 (Reuters) - Gold gained on Tuesday as traders remained optimistic ahead ...Reuters
Tue, Dec 9
US natgas output and demand to hit record highs in 2025, EIA says
By Scott DiSavinoNEW YORK, Dec 9 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday.EIA projected dry gas production will rise from 103.2 billion cubic feet per day in 2024...Reuters
Tue, Dec 9
Exxon boosts forecast, aims for $25 billion earnings growth by 2030
New plan boosts earnings target for 2024-2030 by $5 billionExxon Mobil shares up 3% in morning tradeCFO Kathy Mikells to retire in February, succeeded by Neil HansenBy Sheila Dang and Vallari SrivastavaHOUSTON, Dec 9 (Reuters) - Exxon Mobil XOM.N is targeting $25 billion in earnings growth from 202...Reuters
Tue, Dec 9
EIA lifts 2025 US oil output forecast to a record high as supplies swell
Dec 9 (Reuters) - U.S. oil production is expected to hit a larger record this year than previously expected, the Energy Information Administration said on Tuesday, as expectations mount of a global supply glut. The agency raised its forecast for 2025 oil production by 20,000 to average 13.61 million...Reuters
Tue, Dec 9
Gold shrugs off solid US jobs print, surges above $4,200 on Fed easing hopes
Gold (XAU/USD) resumed its uptrend on Tuesday and is up 0.57% following a solid jobs report from the United States (US), which wouldn’t deter the Federal Reserve (Fed) from easing rates on Wednesday. XAU/USD trades at $4,213 after bouncing off daily lows of $4,170.
Fxstreet
Tue, Dec 9
US power use to reach record highs in 2025 and 2026, EIA says
By Scott DiSavinoDec 9 (Reuters) - U.S. power consumption will hit record highs in 2025 and 2026, the Energy Information Administration said in its short-term energy outlook on Tuesday.The EIA projected power demand will rise to 4,199 billion kilowatt-hours in 2025 and 4,267 billion kWh in 2026, up ...Reuters
Tue, Dec 9
US threatens to withhold Chicago transit funding after attack on passenger
WASHINGTON, Dec 9 (Reuters) - The U.S. Transportation Department on Tuesday threatened to withhold transit funding for Chicago trains and buses after an attack on a 26-year-old passenger on a Chicago train.The Federal Transit Agency said in letters to Illinois Governor JB Pritzker and Chicago Mayor ...Reuters
Tue, Dec 9
USDA leaves US soybean export outlook unchanged after China sales resume
By Karl Plume CHICAGO, Dec 9 (Reuters) - The U.S. Department of Agriculture left its U.S. soybean export forecast unchanged in a monthly report on Tuesday as sales resumed to China, which for months shunned purchases because of its trade war with Washington.The USDA pegged soybean exports in the ...Reuters
Tue, Dec 9
US natgas output and demand to hit record highs in 2025, EIA says
NEW YORK, Dec 9 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration said in its Short-Term Energy Outlook on Tuesday.EIA projected dry gas production will rise from 103.2 billion cubic feet per day in 2024 to 107.7 bcfd in...Reuters
Tue, Dec 9
EIA lifts 2025 US oil output forecast, lowers next year's production expectations
Dec 9 (Reuters) - The U.S. Energy Information Administration on Tuesday raised it 2025 oil production forecast, but lowered its expectations for 2026 production levels.Oil production will average 13.61 million barrels per day in 2025, the highest on record, according to the EIA's Short-Term Ener...Reuters
Tue, Dec 9
Europe Gasoline/Naphtha-Gasoline crack spreads edge higher
LONDON, Dec 9 (Reuters) - Northwest European gasoline refinery profit margins edged 26 cents higher to $15.01 a barrel on Tuesday. About 18,000 metric tons of Eurobob E5 gasoline traded on barges on Tuesday as Trafigura, Glencore and Equinor sold to Gunvor, Aramco Trading and BP. A further 10,000 to...Reuters
Tue, Dec 9
