India's NMDC shelves nickel plans amid global oversupply worries
India's state miner NMDC has paused its nickel expansion over oversupply risks, mainly in Indonesia, two officials told Reuters, citing a global surplus forecast.
1 source · Reuters
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India's state miner NMDC has paused its nickel expansion over oversupply risks, mainly in Indonesia, two officials told Reuters, citing a global surplus forecast.
1 source · Reuters
Reuters reports Asian diesel cash premiums are holding near pre-war levels while spot trading slows, as China's fuel exports jump 39.4% in September.
1 source · Reuters
Reuters: US index futures climbed as AI-linked stocks recovered from a selloff, while Brent and Treasury yields fell after a Russia sanctions decision.
1 source · Reuters
Spot gold rose 0.2% to $4,172.87 an ounce as oil retreated from a five-month high, easing inflation concerns ahead of the Fed meeting, Reuters reports.
2 sources · Reuters
Moody's analysts see another volatile week for crude as West Asian supply worries and stalled US-Iran talks keep markets on edge, despite relief efforts.
1 source · Moody's
Per The Wall Street Journal, Zelensky chose to openly challenge Trump after Washington eased Russia sanctions and urged Ukraine to halt refinery strikes.
1 source · WSJ Newsletter
Indian and other refineries sent 1 billion euros of fuel to sanctioning countries in September, up 43% on the month, TradingView reports, citing CREA data.
1 source · Moody's
China's refined fuel exports rose 39.4% year-on-year in September, while diesel shipments hit their highest since February 2023, customs data showed on Sunday.
1 source · Reuters
Rubio says the US president may need up to 60 days to assess Russia sanctions and tariffs he paused, as the Iran war strains energy supplies and fuel prices.
2 sources · Reuters, Stocktwits
Trump has waived many Russia sanctions, drawing criticism from Democrats and some Republicans, while the Kremlin hailed the move as historic.
1 source · news.com.au
President Trump suspended most sanctions on Russia set by a bipartisan bill, while duties of up to 100% on Russian oil buyers remain possible later.
1 source · Dow Jones Newswires
According to Barron's, published via TradingView, US oil price gains stem from refining shortfalls that strain household budgets and could slow growth.
1 source · Barron's
Former diplomat Veena Sikri says India will not sign a US trade deal without preferential treatment. Rubio's visit to India is due next week.
1 source · Moody's
A US waiver suspends 100% tariffs on top buyers of Russian crude, easing pressure on India, though analysts warn the relief is temporary and reversible.
1 source · Moody's
Zelensky says Starlink and Starshield speed limits still apply inside Ukraine but not in neighboring EU countries, per a Seeking Alpha report.
1 source · Seeking Alpha
Andrew Bailey joined European and Baltic counterparts who left an IMF session in Bangkok as Russia's finance minister began speaking.
1 source · The Guardian
The US president issued an executive order withholding key Russia-related sanctions and tariffs that were due to take effect on October 18.
1 source · Moody's
Brent crude climbed 3.7% to $110 a barrel, its highest since May, while Donald Trump waived sanctions tied to the Graham Act on national interest grounds.
2 sources · Moody's
Trump says he did not order Starlink restrictions for Ukraine's military and does not think Musk did either. SpaceX shares fell nearly 2% on Friday.
1 source · Stocktwits
Trump waived new Russia sanctions and tariffs under the Graham Act, while WTI and Brent rose to multi-month highs, per Stocktwits.
1 source · Stocktwits