Commodities and Energy Page Editor: Marguerita Choy, New York newsroom, +1 646 223 6240 Provided by: Reuters News Updated: 14 Nopember 2008 5:13:51 (GMT+07:00)
COMMODITIES-Oil in late rebound but recession fears stay NEW YORK, Nov 13 (Reuters) - U.S. crude staged a late rebound on Thursday, and other commodity markets followed suit as Wall Street stocks roared back from deep losses to finish with sharp gains. Story ID: nN13381271 OPEC poised to cut output again at end-Nov meet TEHRAN/ALGIERS, Nov 13 (Reuters) - OPEC will take emergency action to try to halt the oil market's breakneck slide at a meeting at the end of this month in Cairo. Story ID: nBLA349665 Crisis chokes China metals output, spurs refiners SHANGHAI, Nov 13 (Reuters) - China's heavy industry slammed on the brakes in October as demand evaporated and raw materials piled up, official data showed on Thursday, leaving a big but hazy state bailout the best hope of cranking the economy up again. Story ID: nHKG209242 IEA slashes world oil demand growth forecasts LONDON, Nov 13 (Reuters) - The International Energy Agency (IEA) on Thursday slashed its global oil demand growth forecasts in response to mounting evidence the world economy is far weaker than previously thought. Story ID: nLD452250 China sees grains supply tight, little exports BEIJING, Nov 13 (Reuters) - China's grains supply will stay tight for the foreseeable future, a top planning official said on Thursday, with little chance of a return to large-scale shipments despite moves to lift export restrictions. Story ID: nPEK206397 Russia tells oil firms to resume full exports MOSCOW, Nov 13 (Reuters) - Russia has ordered oil firms to resume full exports in November after they cut loss-making deliveries because of high duties and falling oil prices, industry and trading sources said on Thursday. Story ID: nLD747630 EU seeks new gas channels to boost energy security BRUSSELS, Nov 13 (Reuters) - Europe must harness more energy from the wind, sun and sea and tap new gas sources in Africa and the Caspian, the European Commission said on Thursday, as the EU seeks to limit its growing dependence on Russian gas. Story ID: nLC531749 Oil rises 4 pct on OPEC, equity market rebound NEW YORK, Nov 13 (Reuters) - Oil jumped nearly 4 percent on Thursday as OPEC seemed poised to cut production again later this month and a rebound in equity markets offset growing signs of slowing demand. Story ID: nSYD383548 Gold rises on late Wall St rally, weak dollar NEW YORK/LONDON, Nov 13 (Reuters) - Gold futures rose sharply in Thursday's screen trade as a late rally on Wall Street and a tumbling dollar eased widespread liquidation pressure in the bullion market. Story ID: nLD637883 Copper up as weak dlr, China cuts ease demand woes NEW YORK/LONDON, Nov 13 (Reuters) - Copper recovered on Thursday from levels unseen since 2005 as a weaker dollar and Chinese production cuts offset demand concerns after data showed China's industrial output fell in October. Story ID: nLD443024 US corn gains 2 percent on relief rally CHICAGO, Nov 13 (Reuters) - U.S. corn climbed 2 percent on Thursday in a "relief rally" and wheat held firm after recent declines left each market oversold and due for a bounce. Story ID: nSP393842 Copyright © 2008 Reuters News
