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US CPC sees 71% chance of La Niña during Oct-Dec
Sept 11 (Reuters) - A transition from El Nino-Southern Oscillation (ENSO) neutral to La Niña is likely in the next couple of months, with a 71% chance of La Niña during October to December, the U.S. Climate Prediction Center said on Thursday. "Thereafter, La Niña is favored but chances decrease ...Reuters
10 minutes ago
Oil prices fall nearly 2% on oversupply and weaker US demand
IEA expects oversupply to increase with OPEC output boostEIA reports bigger than expected rise in oil stocksUS consumer prices data due later on ThursdayBy Seher Dareen LONDON, Sept 11 (Reuters) - Oil prices fell on Thursday, pressured by concerns over softening U.S. demand and broad oversupply t...Reuters
30 minutes ago
Deals of the Day-Mergers and acquisitions
Sept 11 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Thursday:** Czech generic drugmaker Zentiva 1SKF401E.BV said that private equity group Advent International had agreed to sell the company to rival GTCR for an undisclosed value. The Financial Ti...Reuters
32 minutes ago
US natgas prices ease to 2-week low ahead of federal storage report
Gas storage build expected larger than usual, despite output dropsWaha Hub prices plummet due to pipeline constraints in Permian basinAccuWeather forecasts fewer Atlantic storms this seasonBy Scott DiSavinoSept 11 (Reuters) - U.S. natural gas futures eased about 1% to a two-week low on Thursday on r...Reuters
32 minutes ago
EU's $750 billion planned energy investment is ambitious but doable, says U.S. Energy Secretary
BRUSSELS, Sept 11 (Reuters) - U.S. Energy Secretary Chris Wright sees the European Union's $750 billion planned energy investment as very ambitious but doable, he said on Thursday after meeting with EU Energy Commissioner Dan Jorgensen.The EU has pledged to buy $750 billion worth of American ene...Reuters
35 minutes ago
CBOT Trends-Wheat down 2-3 cents, corn steady, soybeans up 5-7 cents
CHICAGO, Sept 11 (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 Thursday.NOTE: Traders await monthly supply/demand reports, including updated U.S. crop estimates, due from the U.S. Depar...Reuters
44 minutes ago
Low-sulphur gasoil deliveries for September fall at expiry, ICE data shows
Sept 11 (Reuters) - Deliveries of low-sulphur gasoil LGOc1 for September fell to 788 lots or 78,800 tons at expiry, down from 2,198 lots in August, Intercontinental Exchange data showed on Thursday.The contract expired at $688.5 a ton.Reuters
47 minutes ago
US CPC sees 71% chance of La Niña during Oct-Dec
Sept 11 (Reuters) - A transition from El Nino-Southern Oscillation (ENSO) neutral to La Niña is likely in the next couple of months, with a 71% chance of La Niña during October to December, the U.S. Climate Prediction Center said on Thursday. "Thereafter, La Niña is favored but chances decrease ...Reuters
an hour ago
Brazil's Conab raises soy, corn output estimates as season draws to a close
By Ana Mano SAO PAULO, Sept 11 (Reuters) - Brazilian farmers harvested a record 171.47 million metric tons of soybeans and a record 139.67 million tons of corn in the 2024/2025 season, Brazilian crop agency Conab said on Thursday in its final grain production report covering the period.The final ...Reuters
an hour ago
World oil market to see higher surplus after OPEC+ hike, IEA says
IEA expects global supply to rise by 2.7 million bpd in 2025Raises demand growth forecast this year to 740,000 bpdImplied surplus to exceed 3 million bpd in 2026OPEC sees higher demand and implies market deficit in 2026By Alex Lawler LONDON, Sept 11 (Reuters) - World oil supply will rise more rap...Reuters
an hour ago
U.S. backs more pressure on Russia, says EU Energy Commissioner after meeting U.S. counterpart
Sept 11 (Reuters) - The United states agrees on the need to increase pressure on Russia, EU Energy Commissioner Dan Jorgensen said on Thursday after meeting with U.S. Energy Secretary Chris Wright.He also said they hadn't discussed sanctions, adding that their proposed phase out of Russian energ...Reuters
2 hours ago
ADNOC transfers stakes in listed units to international arm XRG
Sept 11 (Reuters) - Abu Dhabi National Oil Company (ADNOC) said on Thursday it has transferred its shareholdings in several of its listed subsidiaries to XRG, its international investment arm for which it has ambitious growth plans.The state oil giant said the transfers, including stakes in ADNOC Di...Reuters
2 hours ago
SOFTS-Arabica coffee slips from four-month highs while cocoa gains
LONDON, Sept 11 (Reuters) - Arabica coffee futures on ICE slipped on Thursday, with the market consolidating after hitting four-month highs this week, while cocoa headed higher. COFFEE* Arabica coffee KCc2 fell 0.4% to $3.8505 per lb, having hit its highest since early May at $3.9300 on Tuesday....Reuters
2 hours ago
METALS-Copper edges down from $10,000 on firmer dollar and tariff uncertainty
By Eric Onstad LONDON, Sept 11 (Reuters) - Copper prices slipped on Thursday, creeping above $10,000 a metric ton before retreating under pressure from a firmer dollar and persistent uncertainty over how tariffs will affect demand.Three-month copper CMCU3 on the London Metal Exchange fell 0.3% to...Reuters
2 hours ago
Brazil's Conab raises soy, corn output estimates as season draws to a close
SAO PAULO, Sept 11 (Reuters) - Brazilian crop agency Conab increased its final grain production estimates for the 2024/2025 crop season on Thursday, saying local farmers harvested 171.47 million metric tons of soybeans and 139.67 million tons of corn.As the season draws to a close, the adjustment re...Reuters
2 hours ago
RPT-COLUMN-Crude oil to be driven longer-term by supply-demand mismatch, geopolitics: Russell
By Clyde RussellSINGAPORE, Sept 11 (Reuters) - The global crude oil market is facing two long-term fundamental shifts that will change how cargoes flow around the world and how they are priced.The first factor is a supply and demand issue, with the vast majority of demand growth concentrated in Asia...Reuters
2 hours ago
PRESS DIGEST-Canada - September 11
Sept 11 (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** Toronto-Dominion Bank TD.TO is hiring Taylan Turan from HSBC Holdings as chief operating officer and is also reva...Reuters
2 hours ago
US eyes stronger energy ties with Greece, says interior secretary
ATHENS, Sept 11 (Reuters) - The United States wants to expand its energy ties with Greece, U.S. Interior Secretary Doug Burgum said during a visit to Athens on Thursday, as the Trump administration works to further reduce Russia's oil and gas supplies to Europe. Burgum has been in Europe this we...Reuters
3 hours ago
