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UPDATE 1-Projected air traffic growth runs counter to climate goals, study says
Adds trade body quote; paragraphs 12,13By Joanna Plucinska DUBLIN, Jan 13 (Reuters) - Air passengers numbers are projected to more than double by 2050, boosting fuel demand and undermining the aviation industry's efforts to cut emissions, a study by climate advocacy group Transport and Environmen...Reuters
Mon, Jan 13
US oil refiners brace for a tough year as investor sentiment turns negative
Refiner profits fall as new capacity and normal margins return Gasoline and diesel crack spreads hit lows in DecemberAnalysts lower earnings expectations amid weak crack spreadsUncertainty over Trump's tariffs impacts refiner margins and costsBy Nicole Jao NEW YORK, Jan 13 (Reuters) - Investo...Reuters
Mon, Jan 13
With tacos and toys, Angelenos rally to support neighbors after fires
Volunteers rally to support wildfire victims in Los AngelesSanta Anita Park hosts major donation center for displaced residentsCommunity efforts include food donations, clothing drives, and animal shelter supportBy Lisa Richwine and Dawn Chmielewski ARCADIA, California, Jan 13 (Reuters) - Yuri Wi...Reuters
Mon, Jan 13
Gold halts winning streak, ending last week’s rally
Gold’s price (XAU/USD) takes a step back and halts its four-day winning streak on Monday as markets catch up and reprice the recent US Nonfarm Payrolls release. The report further confirms the narrative that the Federal Reserve (Fed) might keep its
Fxstreet
Mon, Jan 13
UPDATE 1-Six EU countries call for lowering of G7 price cap on Russian oil
Adds backgroundBRUSSELS, Jan 13 (Reuters) - Six European Union countries called on the European Commission to lower the $60 per barrel price cap put on Russian oil by G7 countries, arguing it would reduce Moscow's revenues to continue the war in Ukraine while not causing a market shock.Price caps on...Reuters
Mon, Jan 13
UPDATE 1-Russia says new US energy sanctions will destabilise global markets
Adds Kremlin quotes in paragraphs 2-3, 7-8 MOSCOW, Jan 13 (Reuters) - The Kremlin said on Monday that the latest round of U.S. sanctions on the Russian energy sector risked destabilising global markets, and Moscow would do everything possible to minimise their impact."It is clear that the United ...Reuters
Mon, Jan 13
BP Azerbaijan says working to resume work of Shah Deniz platform as soon as possible
BAKU, Jan 13 (Reuters) - BP is working to resolve technical problems at the Shah Deniz Alfa (SDA) platform and hopes to resume normal operations as soon as possible, the company told Reuters on Monday.BP suspended work of the platform on Friday after detecting a technical issue at the subsea gas con...Reuters
Mon, Jan 13
China, India refiners scour the world for oil supplies as US sanctions to curb Russian supply
Premiums for Mideast benchmark grades jump to highest since Oct 2023Chinese, Indian refiners buy more crude from Mideast, Africa, Brazil to replace Russian oilChina refiner Yulong snaps up 4 mln bbls Abu Dhabi crude, seeks moreBy Florence Tan, Siyi Liu, Chen Aizhu and Nidhi Verma SINGAPORE/NEW DE...Reuters
Mon, Jan 13
Kremlin says new U.S. sanctions on Russian energy will destabilise global markets
MOSCOW, Jan 13 (Reuters) - The Kremlin said on Monday that the latest round of U.S. sanctions on the Russian energy sector risked destabilising global oil and energy markets, and Moscow would do everything possible to minimise their impact.Kremlin spokesman Dmitry Peskov said it was clear that Washi...Reuters
Mon, Jan 13
Mali begins enforcing gold seizure order at Barrick site, company memo shows
Jan 13 (Reuters) - Mali's government has begun enforcing a provisional order to seize gold stock at Barrick Gold's Loulo-Gounkoto site, the Canadian mining company said in a note to staff in the West African country.A Barrick employee in Mali confirmed the authenticity of the letter seen by Reuters....Reuters
Mon, Jan 13
Italy's ERG to supply 220 GWh of wind power to France's ENGIE
Jan 13 (Reuters) - Italian renewable energy company ERG ERG.MI said on Monday it had signed a power purchase agreement with ENGIE ENGIE.PA to supply the French energy firm with 220 gigawatt hours (GWh) of electricity over a five-year period. The annual energy supply included in the contract is 44 GW...Reuters
Mon, Jan 13
METALS-Shanghai nickel rises after Indonesia lowers 2025 mining quota
Updates pricesBy Violet Li and Mei Mei Chu SHANGHAI, Jan 13 (Reuters) - Shanghai nickel prices advanced on Monday, helped by Indonesia lowering its nickel ore mining quota, while most base metals rose but were limited by a strong U.S. dollar following robust jobs data. The dollar began the w...Reuters
Mon, Jan 13
PRESS DIGEST- New York Times business news - Jan 13
Jan 13 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- The Los Angeles wildfires have claimed at least 24 lives, officials said Sunday, as firefighters made progress against the Palisad...Reuters
Mon, Jan 13
PRECIOUS-Gold eases as US jobs data bolsters the dollar, douses rate cut hopes
U.S. CPI data due later in the weekWeaker U.S. data will be a much-needed catalyst - analystMarket has priced in just one rate cut this yearUpdates with mid-session tradingBy Rahul Paswan Jan 13 (Reuters) - Gold prices edged lower on Monday as a stronger-than-expected U.S. jobs report reinforced ...Reuters
Mon, Jan 13
Ukraine tried to attack TurkStream pipeline infrastructure in southern Russia, Moscow says
MOSCOW, Jan 13 (Reuters) - The Russian defence ministry said on Monday that its forces had downed nine Ukrainian drones which had attempted to attack part of the infrastructure of the TurkStream gas pipeline, through which Russian gas flows to Turkey and Europe.The ministry said the attack was aimed...Reuters
Mon, Jan 13
WRAPUP 7-Los Angeles races to contain wildfires before severe winds return
Adds detail on church service paragraphs 22-24Wildfires devastate Los Angeles, 24 dead, 100,000 evacuatedRed flag conditions of high winds returning All of L.A. County warned anyone could be ordered to evacuateSeven states, Canada and Mexico send firefighters to helpBy Nathan Frandino and Lisa Richw...Reuters
Mon, Jan 13
Ukraine's DTEK buys 200MW energy storage systems in bid to limit outages
Jan 13 (Reuters) - Ukraine's largest private energy company DTEK will buy storage systems with total capacity of 200 megawatts from a unit of renewable energy storage provider Fluence Energy FLNC.O to provide back-up for six power stations, DTEK said on Monday.Ukraine is facing an energy crisis afte...Reuters
Mon, Jan 13
