World faces oil surplus in 2025 on weak demand, says IEA
LONDON, Nov 14 (Reuters) - Global oil supply will exceed demand in 2025 even if OPEC+ cuts remain in place, the International Energy Agency (IEA) said on Thursday, as rising production from the United States and other outside producers outpaces sluggish demand.The prospect of a more than 1 million barrels...
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Arabica coffee hits over 13-yr high
LONDON, Nov 14 (Reuters): Arabica coffee futures on ICE hit their highest in 13 and a half years on Thursday as investors reassessed their view on next year's crop in top producer Brazil, and grew increasingly concerned about top robusta producer Vietnam's crop.Robusta, typically used to make instant coffee, and...
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Wheat stays weak on surging US dollar
PARIS/CANBERRA, Nov 14 (Reuters): Chicago wheat futures fell for a fourth day on Thursday to trade near a 2-1/2-month low as the US dollar'scontinuing rally weighed on export sentiment, while improving crop prospects in some major producing countries added supply pressure.Corn and soybean futures were little changed after a three-day...
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Gold prices slip to 2-month low
Gold prices fell over 1 per cent on Thursday, hitting a two-month low, pressured by a strong US dollar, while investors awaited US economic data later in the day for further clues on the Federal Reserve's monetary path, reports Reuters.Spot gold was down 1.1 per cent at $2,546.70 per ounce...
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China starts up massive offshore solar park
BEIJING, Nov 14 (Reuters): China's state-owned CHN Energy has begun power generation at a 1 gigawatt (GW) offshore floating solar park, according to a statement on the company's website on Wednesday.Developed by subsidiary Guohua Energy Investment Co, the park is 8 km (5 miles) off the coast of the city...
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