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Citadel to acquire leading German power trader FlexPower
BERLIN, Oct 13 (Reuters) - Investment firm Citadel said on Monday that it had agreed to acquire 100% of Hamburg-based power trading firm FlexPower.The move comes after Miami, Florida-based Citadel acquired Japanese power wholesaler Energy Grid in 2024 and built out a new trading base in Australia in...Reuters
23 minutes ago
From Gold to Silver: Risk-Off Sentiment Surges — When Will the Silver Rally Peak?
TradingKey - Amid uncertainty surrounding Trump’s proposed tariffs, investors continue to flock to precious metals for safety. As of this report, gold has hit a new record high at $4,075 per ounce, with an intraday peak of $4,085.16. Meanwhile, silver has surged to $51.55 per ounce — its highest lev
METALS-Copper rises as US-China trade tension fears ease
By Pratima Desai LONDON, Oct 13 (Reuters) - Copper prices recovered on Monday as hopes of easing trade tensions between the United States and China and stronger Chinese imports of the industrial metal lifted sentiment.Benchmark copper CMCU3 on the London Metal Exchange traded 1.1% higher at $10,6...Reuters
56 minutes ago
US Treasury chief says government shutdown is hitting economy
WASHINGTON, Oct 13 (Reuters) - The U.S. federal government shutdown is starting to impact the nation's economy, U.S. Treasury Secretary Scott Bessent said on Monday as the closure entered its 13th day."This is getting serious. It's starting to affect the real economy," he told Fox Bu...Reuters
58 minutes ago
US Treasury chief says government shutdown is hitting economy
WASHINGTON, Oct 13 (Reuters) - The U.S. federal government shutdown is starting to impact the nation's economy, U.S. Treasury Secretary Scott Bessent said on Monday as the closure entered its 13th day."This is getting serious. It's starting to affect the real economy," he told Fox Bu...Reuters
an hour ago
Berkshire Hathaway Energy Cove Point LNG export plant in Maryland back in service
Oct 13 - U.S. energy firm Berkshire Hathaway Energy's Cove Point liquefied natural gas (LNG) export plant in Maryland returned to service on Sunday after a planned autumn maintenance outage, according to a company notice to customers and data from financial firm LSEG.The amount of natural gas fl...Reuters
an hour ago
GRAINS-Soybeans steady as Trump's comments calm market amid US-China trade tensions
By Michael Hogan HAMBURG, Oct 13 (Reuters) - Chicago soybean futures firmed on Monday, as U.S. President Donald Trump's weekend comments calmed markets after trade tensions between the United States and China had triggered a sharp decline in the previous session. Wheat was burdened by la...Reuters
an hour ago
FACTBOX-BofA hikes gold price forecast to $5,000/oz for 2026
Oct 13 (Reuters) - Bank of America Global Research on Monday raised its price forecasts for precious metals, lifting its 2026 outlook for gold to $5,000 an ounce, with an average of around $4,400.Gold surged above $4,000 an ounce for the first time ever on October 8. Gold prices scaled to another re...Reuters
an hour ago
Trump says Gaza deal came as war was getting 'bad and heated'
Oct 13 (Reuters) - U.S. President Donald Trump said on Monday that a Gaza deal recently agreed between Israel and Hamas was timely, as Israel's military operations were becoming "bad and heated.""I said, Bibi, you're going to be remembered for this far more than if you kept this ...Reuters
an hour ago
RPT-BREAKINGVIEWS-US-China tensions want for a circuit breaker
By Robyn Mak HONG KONG, Oct 13 (Reuters Breakingviews) - The truce between the United States and China always looked too good to last. What's surprising is how quickly it has fallen apart. The world's two largest economies are not holding back in showcasing their leverage over one another...Reuters
an hour ago
OPEC holds oil demand outlook, points to smaller 2026 supply deficit
By Alex Lawler LONDON, Oct 13 (Reuters) - OPEC made no changes on Monday to its relatively high global oil demand growth forecasts for this year and next, and implied the oil market will see a much smaller supply deficit in 2026 as the wider OPEC+ group pushes ahead with output increases. OPEC+ i...Reuters
an hour ago
Eni plans to launch Petronas gas joint venture in 2026
LONDON, Oct 13 (Reuters) - Eni ENI.MI is aiming to get its gas joint venture with Malaysia's Petronas up and running some time next year, Guido Brusco, the Italian oil major's global natural resources chief operating officer, said on Monday.Both firms announced earlier this year they were pr...Reuters
an hour ago
Berkshire Hathaway Energy Cove Point LNG export plant in Maryland back in service
Oct 13 - U.S. energy firm Berkshire Hathaway Energy's Cove Point liquefied natural gas (LNG) export plant in Maryland returned to service on Sunday after a planned autumn maintenance outage, according to a company notice to customers and data from financial firm LSEG.Reuters
2 hours ago
Sinopec diverts supertanker from US-sanctioned port, ship tracking data shows
By Florence Tan SINGAPORE, Oct 13 (Reuters) - The latest U.S. sanctions on a major Chinese crude oil terminal have forced refining group Sinopec to divert a supertanker and ask some plants to cut crude processing rates, according to ship tracking data and Chinese consultancies. A supertanker ca...Reuters
2 hours ago
The gilded refuge: uncertainty forges our new $5,000/oz Gold outlook – Société Générale
All that glitters is fear: Gold’s ascent toward $5,000/oz seems increasingly inevitable: Last week, Gold prices reached $4,042/oz, just $276/oz below the bullish $4,318/oz Q426 forecast published just one month ago. As of this morning, prices have risen to $4,072/oz.Fxstreet
2 hours ago
Caspian Pipeline Consortium raises oil exports in September by 9% m/m - sources
MOSCOW, Oct 13 (Reuters) - The Caspian Pipeline Consortium (CPC) increased oil exports in September by 9% on a daily basis from August to 6.6 million metric tons, or 1.75 million barrels per day, according to two industry sources and Reuters calculations. CPC ships oil through a pipeline, which carr...Reuters
2 hours ago
LMEWEEK-Trafigura CEO downplays role of AI, defence in copper demand
By Tom Daly LONDON, Oct 13 (Reuters) - Traditional applications for copper will continue to account for the vast majority of demand for the metal over the next decade, rather than data centres and the defence industry, the CEO of trading house Trafigura said on Monday.Speaking at the LME Week s...Reuters
2 hours ago
Oil recoups some losses after US-China trade tensions
Brent and WTI rebound from 5-month lowsChina September crude imports rise 3.9% on yearFirst Israeli hostages released from GazaBy Enes Tunagur LONDON, Oct 13 (Reuters) - Oil prices rose on Monday after hitting five-month lows in the previous session, as investors focused on potential talks betwee...Reuters
2 hours ago
Airlines face 'price gouging' by green jet fuel sellers, IATA says
By Joanna Plucinska and Tim Hepher LONDON/PARIS, Oct 13 (Reuters) - Fuel suppliers are using European Union green jet fuel mandates to inflate costs for airlines through surcharges, nearly doubling prices compared to market rates, the head of airlines body IATA said in an interview calling for po...Reuters
2 hours ago
