Commodities News

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  • A soldier patrols in front of the OPEC headquarters in Vienna

    DUBAI (Reuters) - OPEC will meet non-OPEC countries to finalise a global oil limiting pact on Dec. 10 in Vienna, two sources told Reuters on Saturday. Two OPEC sources earlier said the meeting was due ...

  • In rural Cuba, economy stuck in time after Castro

    A farmer decorates his stall as he waits for the urn with the ashes of Cuban leader Fidel Castro to be driven through the streets of Las Tunas

  • The Environmental Protection Agency on Friday said it plans to require mining companies to show they have the financial wherewithal to clean up their pollution so taxpayers aren't stuck footing the bill. ...

  • US moves to block Chinese purchase of German tech firm Aixtron

    The headquarters of chip equipment maker Aixtron pictured in Herzogenrath, western Germany on October 25, 2016

  • Figures on government spending and debt Associated Press - 6 hours ago

    Figures on government spending and debt in millions of dollars. The government's fiscal year runs Oct. 1 through Sept. 30.

  • Engineering conglomerate Odebrecht took out full-page advertisements in Brazil's main newspapers on Friday to apologise to Brazilians for its involvement in the country's biggest ever corruption scandal. The apology by Latin America's largest engineering firm was received with scepticism in a country with a history of …

  • Erdogan urges Turks to convert foreign currency to lira

    The Turkish lira has fallen sharply against the US dollar in recent weeks

  • Deutsche Bank AG (DBKGn.DE) has agreed to pay $60 million(47.12 million pounds) to settle private U.S. antitrust litigation by traders and other investors who accused the German bank of conspiring to manipulate gold prices at their expense. The preliminary settlement was filed on Friday with the U.S. District Court in …

  • Business Highlights Associated Press - 8 hours ago

    ___ U.S. employers add 178K jobs as unemployment sinks to 4.6 percent U.S. employers added a solid 178,000 jobs in November, reflecting the steady economy President-elect Donald Trump will inherit. And ...

  • The headquarters of Odebrecht SA is pictured in Sao Paulo

    Engineering conglomerate Odebrecht took out full-page advertisements in Brazil's main newspapers on Friday to apologise to Brazilians for its involvement in the country's biggest ever corruption scandal. The apology by Latin America's largest engineering firm was received with scepticism in a country with a history of …

  • A woman walks past a panel displaying stock indices of various markets in Hong Kong

    Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a rise sparked by a cut in oil …

  • A Trader works at his post on the floor of the NYSE in New York City

    Bond yields fell on Friday as solid U.S. jobs data reinforced the view that the Federal Reserve would raise interest rates gradually, while stock and currency markets were cautious ahead of an Italian constitutional reform vote on Sunday. Crude futures rebounded on a weaker dollar, resuming a rise sparked by a cut in oil …

  • US blacklists NKorea companies, officials after nuke test

    New on the US sanctions list was Air Koryo, which the Treasury Department painted as a part of Pyongyang's military network after one of its aircraft "undertook a fly-over in the Victory Day military ...

  • Hedge funds and money managers scaled back their bullish bets on U.S. crude oil in the days ahead of a landmark deal by the world's top crude exporters to cut production and rein in a global glut, data showed on Friday. The speculator group cut its combined futures and options position in New York and London by 2,418 contracts …

  • Grain mixed, livestock mixed Associated Press - 9 hours ago

    Grain futures were mixed Friday on the Chicago Board of Trade. Wheat for Dec. advanced 16 cents to 3.8750 a bushel; Dec. corn was up 5.75 cents at 3.3750 a bushel; Dec. oats unchanged at $2.0025 a bushel; ...

  • Memo: Trump backs pipeline based on policy, not investments

    President-elect Donald Trump supports completion of the disputed Dakota Access oil pipeline in the Midwest, based on policy and not the billionaire businessman's investments in a partnership building the ...

  • Gas flares from an oil production platform are seen at the Soroush oil fields.

    Oil prices rallied for their best week in at least five years on Friday, steadying above $51 a barrel, following OPEC's decision to cut crude output to rein in a global glut that has weighed on prices for more than two years. After the deal was announced on Wednesday, the market focused on the implementation and impact …

  • Venezuela fury at Mercosur suspension

    Venezuelan Foreign Minister Delcy Rodriguez addresses a press conference in Caracas on September 20, 2016

  • OPEC deal could lead to US shale surge

    US output has fallen to 8.5 million a day, down from a peak of 9.6 million barrels a day in April 2015 following cutbacks in West Texas and other key shale-producing regions

  • CARACAS, Venezuela (AP) — South American nations suspended Venezuela on Friday from the Mercosur trade group over what they said was its failure to comply with the commitments made when it joined the group in 2012.

  • French oil operator Maurel & Prom recommends buyout

    French oil operator Maurel & Prom recommended that shareholders accept a buyout proposed by Indonesia's state oil company Pertamina (pictured)

  • BP PLC is moving ahead with a $9 billion oil project in the Gulf of Mexico after a cost-cutting redesign, a sign of confidence about future prices for crude. The UK-based oil giant announced it would continue ...

  • US rig count up 4 this week to 597; Texas adds 7 Associated Press - 12 hours ago

    The number of rigs exploring for oil and natural gas in the U.S. increased by four this week to 597. A year ago, 737 rigs were active. Depressed energy prices have curtailed exploration, although the rig ...

  • BUENOS AIRES/BRASILIA (Reuters) - An increasingly isolated Venezuela accused the Mercosur trade bloc of staging a "coup" on Friday after member nations suspended the socialist nation for failing to fulfill membership requirements. Following a decade in which strong growth and leftist policies across South America led the …

  • A British Telecom engineer repairs cables to the telephone and internet network in central London

    In a bid to boost Britain's economy through Brexit, Prime Minister Theresa May's government has said it wants to address business concerns and replace an aging copper network with the "gold standard" common across Asia and parts of Europe. Pressure has been building on BT and its Openreach division for years, led by rivals …

  • (Reuters) - Aixtron SE's (AIXGn.DE) takeover by China's Fujian Grand Chip Investment Fund may soon be on the list of deals called off due to increased U.S. regulatory scrutiny. The Committee on Foreign ...

  • CQS Founder, CEO and SIO Michael Hintze speaks during the Reuters Global Investment Outlook 2013 Summit in London

    Staff numbers at CQS, the hedge fund run by billionaire investor Michael Hintze, have fallen sharply, with the Australian saying rivals must adapt to a rapidly changing industry. Over the past 18 months, headcount at CQS has fallen by 18.5 percent, or roughly 50 people, a person familiar with the company told Reuters. …

  • A blue sky is seen above the Bank of England in the City of London

    The Bank of England's chief economist, Andrew Haldane, said on Friday it would be risky to raise interest rates too hastily and that he was comfortable with the BoE's recent shift to a neutral stance on what its next monetary policy move should be. Britain's central bank is grappling with the effect of a sharp fall in …

  • Grain higher, livestock lower Associated Press - 14 hours ago

    Grain futures were higher Friday in early trading on the Chicago Board of Trade. Wheat for December delivery was 5.40 cents higher $3.77 a bushel; December corn was up 2 cents at $3.3360 bushel; Marchr ...

  • An employee of PT Aneka Tambang Tbk poses with a kilogram of gold bar at PT Antam headquarters in Jakarta

    Gold edged higher on Friday, shrugging off data showing rising U.S. job numbers, with analysts saying that an expected rise in interest rates had already been priced in. U.S. employers boosted hiring in November, pushing down the the unemployment rate to a more than nine-year low of 4.6 percent and increasing the likelihood …

  • A worker checks the valve of an oil pipe at Lukoil company owned Imilorskoye oil field outside the Siberian city of Kogalym

    Russia plans to use its November oil production, which was its highest in almost 30 years, as its baseline when it cuts output under this week's deal with OPEC, Deputy Energy Minister Kirill Molodtsov said on Friday. Russia has promised to gradually cut output by up to 300,000 barrels per day (bpd) in the first half of …

  • Europe's biggest energy companies have ploughed more than 1 billion euros ($1.1 billion) into startups, according to Reuters calculations, with several deals announced in the past month as they accelerate a quest for new technologies to outpace rivals. Taking a leaf out of Silicon Valley's playbook, companies such as Germany's …

  • Oil pricing agency Platts is considering the first major overhaul in nearly a decade of its benchmark dated Brent assessment, which is used for most of the world's crude trade. It may add Norwegian light sweet Troll crude to the basket of oil flows it uses to set the price of dated Brent, it said on Friday. Troll is a …

  • DUBAI (Reuters) - OPEC will meet non-OPEC countries to finalise a global oil limiting pact on December 10 in the Russian capital Moscow, two OPEC sources told Reuters on Friday. OPEC agreed this week to ...

  • The OPEC flag and the OPEC logo are seen before a news conference in Vienn

    DUBAI (Reuters) - OPEC will meet non-OPEC countries to finalise a global oil limiting pact on Dec. 10 in the Russian capital Moscow, two OPEC sources told Reuters on Friday. OPEC agreed this week to reduce ...

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