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CORRECTED-Companies scramble to secure ships, assemble operations to transfer Venezuelan oil, sources say
Shipping firms want to expand operations for Venezuelan oil transfersChallenges include old vessels, maintenance issues and loading slot competitionMaersk Tankers plans to replicate logistics used in Amuay Bay for oil transfersBy Marianna Parraga and Arathy Somasekhar HOUSTON, Jan 9 (Reuters) - O...Reuters
Fri, Jan 16
Mitsubishi to take over Texas and Louisiana shale gas assets for $7.53 billion
TOKYO, Jan 16 (Reuters) - Japanese trading house Mitsubishi Corp 8058.T said on Friday it would take over the U.S. shale production of Aethon Energy Management for $7.53 billion including debt.The deal would give Mitsubishi a substantial natural gas operation adjacent to the U.S. Gulf coast and the ...Reuters
Fri, Jan 16
Gold moves below $4,600 as safe-haven demand eases
Gold (XAU/USD) extends its losses for the second successive session, trading around $4,590 on Friday. The prices of precious metals, including Gold, fall amid decreasing safe-haven demand as geopolitical risks in Iran temporarily ease.
Fxstreet
Fri, Jan 16
Canada, China set to make 'historic gains' in new partnership, says Carney
BEIJING, Jan 16 (Reuters) - Canada and China are forging ahead with a new strategic partnership and both sides stand to make "historic" gains as they leverage each other's strengths, Canadian Prime Minister Mark Carney told Chinese leader Xi Jinping on Friday. "Particularly in agricu...Reuters
Fri, Jan 16
US approves possible sale of equipment, services to shift Peruvian naval base
Jan 15 (Reuters) - The U.S. State Department has approved the potential sale to Peru of $1.5 billion in equipment and services to support the country's efforts to shift its main naval base in the city of Callao, the Pentagon said in a statement on Thursday, so it can expand a neighboring seaport...Reuters
Fri, Jan 16
Oil flat as chances of US strike on Iran recedes
PERTH, Jan 16 (Reuters) - Oil prices were flat on Friday with both Brent and U.S. West Texas Intermediate moving only a few cents from their closing prices after the likelihood of a U.S. strike on Iran receded. Brent LCOc1 was down 3 cents, or 0.05%, to $63.73 per barrel, while U.S. West Texas Inter...Reuters
Fri, Jan 16
LIVESTOCK-CME hog futures rise on disease issues, pork demand
By Julie Ingwersen CHICAGO, Jan 15 (Reuters) - Benchmark lean hog futures on the Chicago Mercantile Exchange (CME) reached their highest level since October on Thursday and contracts for deferred delivery set life-of-contract highs, buoyed by brisk demand for pork and threats to production from h...Reuters
Fri, Jan 16
China's leading jeweller Chow Tai Fook opens in Bangkok, plans more global stores
BEIJING, Jan 16 (Reuters) - Chow Tai Fook Jewellery Group 1929.HK, China's biggest jewellery seller with thousands of stores across mainland China and Hong Kong, is beginning to look further afield for fresh growth, starting in Southeast Asia with a new store in Thailand.The company opened a fla...Reuters
Fri, Jan 16
GRAINS-Corn heads for biggest weekly loss since July on abundant supply
CANBERRA, Jan 16 (Reuters) - Chicago corn futures edged higher on Friday but were still set for a weekly loss of more than 5%, their steepest drop since July, after upward revisions to production estimates underscored abundant global supply. Wheat and soybean futures also nudged higher, though ample...Reuters
Fri, Jan 16
WTI rebounds above $59.00 as traders assess situation in Iran
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $59.10 during the Asian trading hours on Friday. The WTI price recovers some lost ground, snapping the two-day losing streak, as traders assess the geopolitical situation in the Middle East.
Fxstreet
Fri, Jan 16
REFILE-Governors head to White House on Friday to unveil deal to curb power prices, sources say
Governors, Trump administration to sign two-year price cap deal for future PJM power auctions-sourcesPJM grid covers 67 million people in 13 mid-Atlantic and inland statesGovernors of Pennsylvania, Ohio, Virginia and Maryland expected to be among those attending-sourcesBy Jarrett Renshaw and Tim McL...Reuters
Fri, Jan 16
Copper pulls back from record on fading US tariff concerns and firmer dollar
LONDON, Jan 15 (Reuters) - Copper pulled back from a record high on Thursday on a stronger dollar and easing concerns over the potential imposition of U.S. tariffs on the metal. Benchmark three-month copper CMCU3 on the London Metal Exchange was down 0.6% at $13,108 a metric ton as of...Reuters
Fri, Jan 16
US and Taiwan reach trade deal, with semiconductor chips and China in focus
Taiwan offers investment in exchange for lower tariffsFast-growing TSMC looks to expand in ArizonaDeal deepens ties between Washington and Taipei as China tensions simmerMany of Trump's tariffs still face Supreme Court reviewTaiwan needs 'to keep our president happy' to protect 'thei...Reuters
Fri, Jan 16
Oil settles down 4% as Trump comments ease Iranian supply concerns
HOUSTON, Jan 15 (Reuters) - Oil prices settled down around 4% on Thursday ending a five-day streak of gains after U.S. President Donald Trump said the crackdown on protesters in Iran was easing, allaying concerns over potential military action against Iran and oil supply disruptions.Reuters
Fri, Jan 16
Gold Price Forecast: XAU/USD slumps to near $4,600 as Trump softens tone on Iran
Gold price (XAU/USD) tumbles to near $4,605 during the early Asian session on Friday. The precious metal edges lower as the US Initial Jobless Claims data boost the US Dollar. The US December Industrial Production report will be published later on Friday.Fxstreet
Fri, Jan 16
UK commits extra $27 million to support Ukraine's energy infrastructure
LONDON, Jan 16 (Reuters) - Britain on Friday announced new emergency energy support of 20 million pounds ($26.77 million) for Ukraine after President Volodymyr Zelenskiy declared a state of emergency following sustained attacks on the country's power infrastructure. Zelenskiy acted as emergency...Reuters
Fri, Jan 16
First Quantum backs Panama's plan to allow stockpile processing at shut copper mine
Jan 15 (Reuters) - Canadian miner First Quantum Minerals FM.TO on Thursday welcomed Panama President Jose Raul Mulino's plan, announced early this month, to allow the removal and processing of stockpiled ore at its shuttered Cobre Panama copper mine.The company said processing of the ore stockpi...Reuters
Thu, Jan 15
CIF/FOB Gulf Grain-Corn, soybean basis bids turn higher as freight rates firm, spate of export news
CHICAGO, Jan 15 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals firmed on Thursday, after the U.S. Department of Agriculture reported news about a flurry of export sales, traders said.Barge freight costs have edged higher this week, as barge lines have limi...Reuters
Thu, Jan 15
US Cash Crude-Grades mixed as Iranian supply concerns subside, WTI/Brent spread widens
HOUSTON, Jan 15 (Reuters) - Grades were mixed on Thursday, dealers said, as investors' concerns around Iranian supply disruptions faded, while the WTI/Brent spread widened.U.S. President Donald Trump said he had been told that killings in Iran’s crackdown on protests were easing and that he beli...Reuters
Thu, Jan 15
CANADA-CRUDE-Discount on Western Canada Select narrows
Jan 15 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 narrowed on Thursday.WCS for February delivery in Hardisty, Alberta, settled at $14.10 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared w...Reuters
Thu, Jan 15
