2025-11-30 23:34

Brent, WTI rise more than 1% Ukraine drone attacks hit tankers carrying Russian oil HOUSTON, Dec 1 (Reuters) - Oil prices rose more than 1% on Monday following drone attacks by Ukraine, the closure of Venezuelan airspace by the United States, and OPEC's decision to leave output levels unchanged in the first quarter of 2026. Brent crude futures settled at $63.17 a barrel, up 79 cents, or 1.27%. U.S. West Texas Intermediate crude finished at $59.32 a barrel, up 77 cents, or 1.32%. Sign up here. "The market is very nervous at the moment because of possible loss of Russian crude supply," said John Kilduff, partner with Again Capital LLC. "They're watching very closely to see if this Russia-Ukraine deal is going to go off the rails." Concerns about a possible conflict between the United States and Venezuela run far behind the focus on the war in Ukraine. "I don't think anyone is too worried about the loss of supply from Venezuela," Kilduff said. Phil Flynn, senior analyst with Price Futures Group, said Ukraine's attacks combined with OPEC production commitments drove up prices in morning trade in New York. "Ukrainian drone attacks on Russian shadow fleet as well as a commitment by OPEC to maintain current production levels has the market in an optimistic state," Flynn wrote in a morning note. "This comes as global oil demand continues to rise despite the negativity that we continue to hear on the demand side of the equation." The Caspian Pipeline Consortium, which carries 1% of global oil, said on Saturday that one of the three mooring points at its Novorossiysk terminal had been damaged, halting operations. But Chevron, a CPC shareholder, said late on Sunday that loadings were continuing at Novorossiysk. Usually, two moorings are engaged in loadings, while one is used as a backup. The attacks on the CPC export terminal drove oil prices higher, UBS analyst Giovanni Staunovo said. They came as Ukraine stepped up its military operations in the Black Sea and hit two oil tankers headed for Novorossiysk. Meanwhile, the Organization of the Petroleum Exporting Countries and its allies initially agreed on a pause in early November, slowing a push to regain market share with looming fears of a supply glut. LSEG senior analyst Anh Pham said the market was reacting positively to the news. "For some time, the narrative has centered on an oil glut, so OPEC+’s decision to maintain its production target provided some relief and helped stabilize expectations for supply growth in the coming months." Brent and WTI crude futures settled lower on Friday for the fourth straight month, their longest losing streak since 2023, as expectations for higher global supply weighed on prices. On Saturday, U.S. President Donald Trump said "the airspace above and surrounding Venezuela" should be considered closed, sparking fresh uncertainty in the oil market, as the South American nation is a major producer. Trump on Sunday said he had spoken to Venezuelan President Nicolas Maduro but did not give details. https://www.reuters.com/business/energy/oil-rises-after-opec-meeting-maintains-current-output-2025-11-30/

2025-11-30 23:18

ASX outage affects 80 stocks, not cybersecurity-related ASX faces criticism from ASIC and RBA over risk management ASX shares down 2.8%, S&P/ASX200 Index down 0.6% Dec 1 (Reuters) - Embattled stock exchange operator Australian Securities Exchange (ASX.AX) , opens new tab is facing fresh pressure to enact its turnaround plan, after its announcements platform suffered an outage on Monday, forcing about 80 stocks to be placed on a trading halt. The exchange's announcements platform went down just before 9 a.m. (2200 GMT) and was still not fully operational at the close of trade on Monday about 4 p.m. (0500 GMT). Sign up here. The ASX said it had published some company announcements received after 11:22 a.m. (0022 GMT) but there was still a backlog of announcements that were due to be processed. "Earlier announcements remain impacted," an ASX statement on its website showed, adding the exchange was working towards a full remediation of the issue. The ASX said it did not believe the outage was a cybersecurity-related incident. Companies due to release price-sensitive information during the outage were placed in a trading halt, according to an ASX spokesperson. As many as 80 stocks were affected, ASX said. ASX trading and settlement were not impacted. The outage is the latest in a string of problems for the stock exchange operator, which has been criticised by the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia for its performance. ASX chairman David Clarke told ASX investors in October a multi-year turnaround plan could not afford to fail, as the exchange battled the regulatory fallout following a 2024 trading settlement delay. Stockbrokers and Investment Advisers Association Chief Executive Judith Fox said the announcement platform malfunction had highlighted the ASX's operational risk management problems which had concerned the industry group for some time. "There is still substantial work to be done to improve ASX’s risk management framework and today's outage shows that improvements in risk culture take time but we need to see that its risk transformation plan is capable of success. The ASX disruption comes after U.S.-based CME Group (CME.O) , opens new tab, the world's largest exchange operator, on Friday suffered one of its longest outages in years, halting trading across stocks, bonds, commodities and currencies. ASIC is engaging with the ASX on the market announcement platform outage, according to a spokesperson at the regulator. The RBA in September criticised ASX's governance, culture and risk-management practices, after a December 2024 settlement-system malfunction raised concerns about the exchange's ability to maintain secure and resilient market infrastructure. ASX shares closed down 2.8% at A$56.58 while the benchmark S&P/ASX200 Index (.AXJO) , opens new tab was down about 0.6%. ASX shares are down about 13% so far this year. https://www.reuters.com/world/asia-pacific/australias-asx-hit-by-outage-affecting-corporate-announcements-website-shows-2025-11-30/

2025-11-30 22:16

Nov 30 (Reuters) - Data center operator CyrusOne has installed additional backup cooling capacity at its Aurora, Illinois data center after a failure last week triggered an outage at CME Group (CME.O) , opens new tab for several hours, Bloomberg News reported on Sunday, citing a statement by CyrusOne. "CyrusOne has restored stable and secure operations at its Chicago 1 (CHI1) data center in Aurora, Illinois," the company said in a statement cited by Bloomberg, adding that they have installed additional redundancy to the cooling systems to further enhance continuity. Sign up here. Reuters could not immediately verify the report. https://www.reuters.com/technology/data-center-operator-cyrusone-adds-more-cooling-after-outage-bloomberg-news-2025-11-30/

2025-11-30 20:37

Rubio says progress made on peace deal with Russia Umerov leads Ukraine's delegation after Yermak's resignation Kushner and Witkoff also present for Florida talks HALLANDALE BEACH, Florida, Nov 30 (Reuters) - U.S. and Ukrainian officials held what both sides called productive talks on Sunday about a Russia peace deal, with Secretary of State Marco Rubio expressing optimism about progress despite challenges to ending the more than 3-year-long war. Rubio met with a Ukrainian delegation led by a new chief negotiator in Florida, his home state, for talks that he said were meant to create a pathway for Ukraine to remain sovereign and independent. Sign up here. "We continue to be realistic about how difficult this is, but optimistic, particularly given the fact that as we've made progress, I think there is a shared vision here that this is not just about ending the war," Rubio told reporters after the talks concluded. "It is about securing Ukraine's future, a future that we hope will be more prosperous than it's ever been." The discussions were a follow-up to a new set of negotiations that began with a fresh U.S. blueprint for peace. Critics said the plan initially favored Russia, which started the conflict with a 2022 invasion of Ukraine. Special envoy Steve Witkoff and U.S. President Donald Trump's son-in-law, Jared Kushner, were also present representing the U.S. side. Witkoff leaves on Monday for Moscow, where he is expected to meet Russian counterparts for talks this week. "There's more work to be done. This is delicate," Rubio said. "There are a lot of moving parts, and obviously there's another party involved here ... that will have to be a part of the equation, and that will continue later this week, when Mr. Witkoff travels to Moscow." Trump has expressed frustration at not being able to end the war. He pledged as a presidential candidate to do so in one day and has said he was surprised it has been so hard, given what he calls a strong relationship with Russian President Vladimir Putin, who has largely resisted concessions to stop the fighting. Trump's team has pressured Ukraine to make significant concessions itself, including giving up territory to Russia. The talks shifted on Sunday with a change in leadership from the Ukrainian side. A new chief negotiator, national security council secretary Rustem Umerov, led the discussions for Kyiv after the resignation on Friday of previous team leader Andriy Yermak, chief of staff to Ukrainian President Volodymyr Zelenskiy, amid a corruption scandal at home. "Ukraine's got some difficult little problems," Trump told reporters on Air Force One on Sunday, referring to the corruption scandal, which he said was "not helpful." He repeated his view that both Russia and Ukraine wanted to end the war and said there was a good chance a deal could be reached. Umerov thanked the United States and its officials for their support. "U.S. is hearing us, U.S. is supporting us, U.S. is walking besides us," he said in English as the negotiations began. After the meeting, he declared it productive. "We discussed all the important matters that are important for Ukraine, for Ukrainian people and U.S. was super supportive," Umerov said. The Sunday talks took place near Miami at a private club, Shell Bay, developed by Witkoff's real estate business. Zelenskiy had said he expected the results from previous meetings in Geneva would be "hammered out" on Sunday. In Geneva, Ukraine presented a counter-offer to proposals laid out by U.S. Secretary of the Army Dan Driscoll to leaders in Kyiv some two weeks ago. Ukraine's leadership, facing a domestic political crisis fueled by a probe into major graft in the energy sector, is seeking to push back on Moscow-friendly terms as Russian forces grind forward along the front lines of the war. Last week, Zelenskiy warned Ukrainians, who are weathering widespread blackouts from Russian air strikes on the energy system, that his country was at its most difficult moment yet but pledged not to make a bad deal. "As a weatherman would say, there’s the inherent difficulty in forecasting because the atmosphere is a chaotic system where small changes can lead to large outcomes," Kyiv's first deputy foreign minister Sergiy Kyslytsya, also part of the delegation, wrote on X from Miami on Sunday. https://www.reuters.com/world/europe/us-officials-expect-more-progress-during-us-ukraine-talks-florida-2025-11-30/

2025-11-30 18:37

DAKAR, Nov 30 (Reuters) - Senegalese authorities are racing to prevent a potential oil spill after water entered the engine room of the Panamanian-flagged oil tanker Mersin near Dakar's coast, the port authority said on Sunday. The vessel is owned by Turkey's Mersin Shipping Inc and managed by Besiktas Shipping, according to data from the London Stock Exchange Group. Sign up here. The incident, which led to the vessel issuing a distress signal, occurred overnight from November 27 to 28, prompting the deployment of tugboats and specialized teams from Senegal's navy and maritime authority, the port authority said. Authorities did not give details about the incident. All crew members were safely rescued with no reported injuries, it said. "Authorities are working to stabilize the vessel, prevent hydrocarbon leaks, and mitigate environmental risks," Dakar's port authority said in the statement. It added that immediate measures included stopping the leak, transferring the fuel cargo, and deploying an anti-pollution boom around the tanker as a precautionary step. Images of the vessel shared online showed its stern close to the waterline, which could indicate it is carrying a full cargo or experiencing flooding. Reuters has not independently verified the images. https://www.reuters.com/sustainability/climate-energy/senegal-rushes-avert-oil-spill-after-turkish-tanker-incident-off-dakar-2025-11-30/

2025-11-30 14:23

NIKAIA, Greece, Nov 30 (Reuters) - Greek farmers clashed with police on Sunday during protests in central and northern regions over the delayed payment of European Union subsidies prompted by an investigation into a corruption scandal that has rocked the country. Hundreds of farmers took to the streets, blocking roads with their tractors in several areas to protest against the conservative government over an estimated 600-million-euro ($696 million) shortfall in EU aid and other payments. Sign up here. Near the central city of Nikaia, police fired teargas at the protesters who tried to break barricades, a Reuters witness said. The delay in payments comes amid investigations into a scandal in which some farmers allegedly faked land and livestock ownership to receive EU agricultural subsidies. The European Public Prosecutor’s Office (EPPO), which is investigating crimes against the financial interests of the EU, said this year it had found evidence that Greek farmers, helped by state officials, misappropriated the EU funds. Greek authorities have launched separate investigations and parliament is probing the government agency OPEKEPE, which distributes roughly 2.5 billion euros in EU aid annually to hundreds of thousands of farmers. The government, which has promised transparency, has acknowledged that the first instalment of EU subsidies is lower than last year and that over 40,000 of farmers' applications were under inspection. ($1 = 0.8624 euros) https://www.reuters.com/world/greek-farmers-clash-with-police-protests-over-delayed-eu-farm-subsidies-2025-11-30/