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Sanctions delay to Russian zinc mine causes supply miscalculation, sources say

EXCLUSIVE-Sanctions delay to Russian zinc mine causes supply miscalculation, sources say Ozernoye says will produce volumes "comparable to the previously announced targets" Goal is to reach full capacity in 2025 Sources say Ozernoye has yet to produce any zinc concentrate Uncertainty has major implications in a market short of supply By Julian Luk LONDON, Oct 25 (Reuters) - Western sanctions on Russia's zinc miner Ozernoye have left it struggling to replace equipment needed to ramp up output, th
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North Sea Crude-North Sea grades stable in thin trade

North Sea Crude-North Sea grades stable in thin trade LONDON, Oct 24 (Reuters) - North Sea and U.S. WTI Midland crude differentials were stable on Thursday in thin trade, while investors digested third-quarter financial results from Norway's Equinor. * Norway's Equinor EQNR.OL said on Thursday it may invest less in renewable energy towards 2030 following its acquisition this month of a stake in wind power group Orsted ORSTED.CO , while reporting weaker-than-expected third-quarter profits.
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Middle East Crude-Dubai, Oman stablise, Murban close to 2-month low

Middle East Crude-Dubai, Oman stablise, Murban close to 2-month low SINGAPORE, Oct 24 (Reuters) - Middle East crude benchmark premiums for Dubai and Oman stablised on Thursday, while the premium for Murban fell for a second session to a near two-month low. Taiwanese refiner CPC bought 6 million barrels of West Texas Intermediate (WTI) crude for January arrival at $2.9-$3.10 a barrel above December dated Brent on a cost and freight basis.
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Asia Crude Oil Tenders Summary-CPC buys 6 mln barrels of crude for January

Asia Crude Oil Tenders Summary-CPC buys 6 mln barrels of crude for January SINGAPORE, Oct 24 (Reuters) - For spot crude tender news stories please click..... CRU-O/TEND-O For tenders on oil products please click: Naphtha...... NAP/TENDA Gasoline... MOG/TENDA Jet/Diesel... MDIS/TENDA Fuel Oil... FUEL/TENDA OUTSTANDING ASIA/MIDEAST CRUDE OIL TENDERS:
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Teck Resources reports Q3 profit beat, cuts FY copper production forecast

UPDATE 2-Teck Resources reports Q3 profit beat, cuts FY copper production forecast Rewrites throughout to add background, details on forecast cut, CEO statement Oct 24 (Reuters) - Canadian miner Teck Resources TECKb.TO beat third-quarter profit estimates on Thursday, helped by higher copper production volumes at its Chile mine and on strong prices of the red metal.
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North Sea Crude-WTI Midland trades higher

North Sea Crude-WTI Midland trades higher LONDON, Oct 23 (Reuters) - U.S. WTI Midland crude differentials rose on Wednesday after fresh trade in the Platts window, while North Sea Forties offers were met with no buying interest. * Top British North Sea producer Harbour Energy HBR.L wants to sell stakes in North Sea oilfields and is reviving plans for a U.S.
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Argentina court deals setback to Bunge takeover of bankrupt soy firm Vicentin

Argentina court deals setback to Bunge takeover of bankrupt soy firm Vicentin By Maximilian Heath BUENOS AIRES, Oct 23 (Reuters) - An Argentine court has ruled that an agreement between soymeal giant Vicentin and its creditors is unconstitutional, a move that will hamper an attempted takeover of the bankrupt firm that has become stuck in an extended legal battle.
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Middle East Crude-Benchmarks slide, Oman at 3-week low

Middle East Crude-Benchmarks slide, Oman at 3-week low SINGAPORE, Oct 23 (Reuters) - Middle East crude benchmark premiums for Dubai, Oman and Murban declined on Wednesday, with that for Oman hitting an over three-week low. Taiwan's Formosa Petrochemical has bought 4 million barrels of Oman crude for January arrival at 20-30 cents per barrel above Dubai quotes from Vitol and Shell, trader sources said.
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North Sea Crude-Differentials steady in thin trade

North Sea Crude-Differentials steady in thin trade LONDON, Oct 22 (Reuters) - North Sea and U.S. WTI Midland crude differentials were stable on Tuesday, with no fresh price discussions in the Platts window. PLATTS WINDOW * Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP). * There were no deals, bids or offers in the window on Tuesday, a trade source said.
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Middle East Crude-Benchmarks tick up

Middle East Crude-Benchmarks tick up SINGAPORE, Oct 22 (Reuters) - Middle East crude benchmark premiums for Dubai, Oman and Murban gained on Tuesday, all reversing declines from the prior session. ASIA-PACIFIC CRUDE: Taiwan's CPC issued a tender seeking sweet crude for arrival in January, which closed on Tuesday. Taiwan's Formosa issued a tender to buy December-loading sour crude that closed on Tuesday.
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North Sea Crude-WTI Midland offered lower

North Sea Crude-WTI Midland offered lower LONDON, Oct 21 (Reuters) - U.S. WTI Midland crude differentials fell on Monday after an offer in the Platts window, while Forties was on offer above latest deal levels. PLATTS WINDOW * Indications are on a free-on-board (FOB) basis unless marked as cost, insurance, and freight (CIF) or delivered at place (DAP).
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Shell says no impact to operations after oil leak in Bukom, Singapore

Shell says no impact to operations after oil leak in Bukom, Singapore Oct 21 (Reuters) - Shell SHEL.L said on Monday there was no impact to operations after an oil leak over the weekend from a land-based pipeline at Shell Energy and Chemicals Park Singapore on Bukom island, adding that the leak had been stopped. "We estimate that approximately 30-40 metric tonnes of slop, which is a mixture of oil and water, was leaked into the sea," the company said in a statement, adding that it was working wi
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Peru's Chinese-built mega port to soft launch in late November with Shanghai route

UPDATE 1-Peru's Chinese-built mega port to soft launch in late November with Shanghai route Adds executive's quote in paragraph 3-4, context in paragraph 5 LIMA, Oct 18 (Reuters) - Peru's massive Chancay port, which authorities hope will become a major shipping hub for South America-Asia trade, will ship two container ships a week beginning late next month, an executive for port operator Cosco Shipping said on Friday.
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North Sea Crude-Ekofisk rises, WTI Midland steady

North Sea Crude-Ekofisk rises, WTI Midland steady LONDON, Oct 18 (Reuters) - North Sea Ekofisk crude differentials rose on Friday after a deal, while U.S. WTI Midland and other North Sea grades were steady. PLATTS WINDOW * Indications are on a free-on-board (FOB) basis unless marked as cost, insurance, and freight (CIF) or delivered at place (DAP).
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After Nevada lithium deal, GM eyes other sources for EV minerals supply

After Nevada lithium deal, GM eyes other sources for EV minerals supply By Ernest Scheyder Oct 17 (Reuters) - General Motors GM.N is eyeing further North American investments in lithium and other critical minerals used to build electric vehicles after boosting its investment in a Nevada mine to nearly $1 billion earlier this week, an executive said on Thursday.
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North Sea Crude-WTI Midland offered lower

North Sea Crude-WTI Midland offered lower LONDON, Oct 17 (Reuters) - US WTI Midland was offered lower in the Platts window on Thursday, while North Sea grades Forties and Ekofisk held steady on the day amid lacklustre selling interest. PLATTS WINDOW * Indications are on a free-on-board (FOB) basis unless marked as cost, insurance, and freight (CIF) or delivered at place (DAP).
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Peru's August copper output jumps 11% after five-month decline

UPDATE 1-Peru's August copper output jumps 11% after five-month decline Adds details on milestone, mining firms, quote, forecast LIMA, Oct 16 (Reuters) - Peru's copper production rose by 10.7% in August compared to a year earlier, reaching the highest level of any month this year, the Andean nation's energy and mines ministry said on Wednesday, though accumulated output remained below 2023 levels.
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North Sea Crude-Forties flips to a discount

North Sea Crude-Forties flips to a discount LONDON, Oct 16 (Reuters) - North Sea Forties crude differentials fell to a discount to benchmark dated Brent on Wednesday, while Ekofisk traded in line with previous offer levels in the Platts window. PLATTS WINDOW * Indications are on a free-on-board (FOB) basis unless marked as cost, insurance, and freight (CIF) or delivered at place (DAP).
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Barclays sees decent Q4 with seasonality tailwinds for European miners

BUZZ-Barclays sees decent Q4 with seasonality tailwinds for European miners ** Barclays says European miners could have a decent Q4 with seasonality tailwinds, near-term support for base metals from potential China stimulus and global rate cuts ** Any benefits from Chinese stimulus are likely to be felt in a (modest) acceleration in base metals demand from accelerating the equipment/appliance upgrading program, with steel & iron ore demand largely unchanged, it says ** Global central banks movin
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Adidas AG, Covivio SA, L'Oreal

EUROPE RESEARCH ROUNDUP-Adidas AG, Covivio SA, L'Oreal Oct 16 (Reuters) - Securities analysts revised their ratings and price targets on several European companies including Adidas AG, Covivio SA and L'Oreal, on Wednesday. HIGHLIGHTS * Adidas AG ADSGn.DE : RBC raises target price to EUR 265 from EUR 260 * Covivio SA CVO.PA : JP Morgan raises to overweight from neutral * L'Oreal OREP.PA : JP Morgan cuts to underweight from neutral * OCI NV OCI.AS : JP Morgan cuts to neutral from overweight * Wizz
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