News
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Kosmos says its Yakaar-Teranga licence in Senegal runs out in July
LONDON, Dec 10 (Reuters) - Kosmos Energy's licence for the Yakaar-Teranga gas field offshore Senegal expires in July 2026, a spokesperson said on Wednesday when asked about comments by the country's government saying it wants to nationalise the project.Reuters
Wed, Dec 10
Kazakhstan's oil output decline slows in December, source says
Output averaged 1.94 million bpd in Dec. 1–9, source saysDecline follows Ukrainian drone strike on CPC Black Sea terminal Kazakhstan to redirect some Kashagan oil to ChinaKarachaganak field restored output to planned level MOSCOW, Dec 10 (Reuters) - Kazakhstan's oil output decline slowed in ...Reuters
Wed, Dec 10
Putin meets Indonesia's Prabowo to discuss military and energy ties, wheat exports
Putin offers nuclear energy cooperation to IndonesiaSecond meeting in a week with Asian leader, following India tripPrabowo invites Putin to IndonesiaPutin notes slight fall in Russian wheat exports to IndonesiaMOSCOW, Dec 10 (Reuters) - Russian President Vladimir Putin told Indonesian President Pra...Reuters
Wed, Dec 10
INSIGHT-Wind and solar power frozen out of Trump permitting push
Power demand seen rising 32% by 2030, driven by AI expansionFederal delays threaten solar and wind projects on public and private landsRenewable plants are quicker to bring online, but Trump says less reliableBy Nichola Groom Dec 10 (Reuters) - U.S. President Donald Trump's freeze on approval...Reuters
Wed, Dec 10
RPT-ROI-Trump won’t turn Venezuela’s OPEC membership into a battleground: Bousso
By Ron Bousso LONDON, Dec 10 (Reuters) - Venezuela is likely to retain its seat in OPEC even if U.S. President Donald Trump successfully forces a change of government in the oil-rich country, as the U.S. is seeking to bolster its alliance with the cartel even as it expands its own sphere of influ...Reuters
Wed, Dec 10
ANALYSIS-US farmers say Trump's $12 billion aid package won't cover losses
Aid is 'lifeline, not long-term solution,' Farmers Union saysFarmers of major crops stand to lose $34-$44 billion this yearFarmers face low prices, high costs, lost exports due to trade disputesBy Leah Douglas and P.J. Huffstutter WASHINGTON, Dec 10 (Reuters) - U.S. farmers facing steep l...Reuters
Wed, Dec 10
Kazakhstan says it will divert some oil from Kashagan field to China after Ukrainian attack
Some oil to be diverted to China after attack on CPCCPC normally handles most exports via NovorossiyskAstana says exports via CPC have not been fully halted ASTANA, Dec 10 (Reuters) - Kazakhstan's energy ministry said on Wednesday it would redirect some oil from the giant Kashagan oil field ...Reuters
Wed, Dec 10
Putin to discuss wheat and military cooperation with Indonesia's Prabowo
MOSCOW, Dec 10 (Reuters) - Russian President Vladimir Putin said on Wednesday that Russia is ready to expand military and energy cooperation with Indonesia and would discuss wheat supplies.Putin spoke at a meeting in Moscow with President Prabowo Subianto.Reuters
Wed, Dec 10
Senegal plans to nationalise Kosmos-run Yakaar-Teranga gas project
DAKAR, Dec 10 (Reuters) - Senegal plans to nationalise the Yakaar-Teranga gas project, operated by Kosmos Energy KOS.N and estimated to be one of the world's largest discoveries in recent years, with a view to meeting domestic gas needs, the country's energy minister said.Kosmos Energy, whic...Reuters
Wed, Dec 10
ANALYSIS-EU sustainability cutbacks make low-carbon leaders harder to spot
Two sustainability disclosure rules watered downRequirement for climate transition plans also droppedInvestors warn will make it harder to assess companiesIndustry groups welcome the reduced reporting burdenBy Simon Jessop and Kate Abnett LONDON, Dec 10 (Reuters) - A reduction in scope of the...Reuters
Wed, Dec 10
RUBBER-Japan futures tick up on technical rebound, firm Chinese economic data
BEIJING, Dec 10 (Reuters) - Japanese rubber futures rose for a fourth consecutive session on Wednesday, supported by a technical rebound and firm Chinese economic data.The Osaka Exchange (OSE) rubber contract for May delivery JRUc6, 0#2JRU: was up 0.09% at 330.7 yen ($2.11) per kg.The rubber contr...Reuters
Wed, Dec 10
European Gas prices rebound as TTF finds a short-term floor – ING
European Gas prices bounced modestly, with TTF up 2.3%, after aggressive speculative selling pushed the market toward long-run marginal cost levels. This pressure comes even as EU storage sits well below its five-year seasonal average, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Wed, Dec 10
EU strikes deal on climate target to cut emissions by 90% by 2040
EU climate goal among world's most ambitiousHard-fought compromise amid pushback in some countriesDeal requires 85% emissions cut from EU industries by 2040EU to buy foreign carbon credits to cover 5% of goalBy Disha Mishra and Kate Abnett Dec 10 (Reuters) - The European Union agreed on Wedne...Reuters
Wed, Dec 10
TABLE-North Sea gas maintenance schedule: Revises Aldbrough outage
Dec 10 (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.OPERATORLOCATIONOUTAG...Reuters
Wed, Dec 10
Gold subdued ahead of Fed verdict, silver powers to record high
Silver hits record high of $61.46/ozSilver crossed $60/oz for the first time on TuesdayWhite House adviser Hassett says 'plenty of room' to cut ratesBy Ishaan Arora Dec 10 (Reuters) - Gold edged lower on Wednesday, as investors prepared to parse Federal Reserve Chair Jerome Powell's g...
TECHNICALS-CBOT soybeans may extend loss into $10.74-3/4 to $10.78-1/2 range
For more technical analyses, please click SINGAPORE, Dec 10 (Reuters) - The CBOT soybean January contract SF26 may extend its loss into a range of $10.74-3/4 to $10.78-1/2 per bushel, as suggested by its wave pattern and a projection analysis.A wave C from $11.42 has travelled below its 100% project...Reuters
Wed, Dec 10
