News
Important Only
WTI Oil picks up, but is expected to find resistance at $62.00
Crude prices are paring losses on Tuesday as the UK and US markets return from a long weekend on an upbeat market mood. Trump’s decision to delay tariffs on European products has eased concerns about severe damage to global growth and to Oil demand by extension.
Fxstreet
Tue, May 27
CORRECTED-COMEX copper inventories surge, close to LME levels
By Ashitha Shivaprasad May 23 (Reuters) - Copper inventories in COMEX-registered warehouses are approaching those held on the London Metal Exchange (LME) and may soon surpass them for the first time since 2022 as traders aim to profit from high prices in the U.S., which could impose tariffs on im...Reuters
Tue, May 27
Gold extends correction amidst trade optimism, stronger US Dollar
Gold (XAU/USD) price extends correction, sliding below the $3,300 mark at the time of writing on Tuesday amid improving risk-on mood and a stronger US Dollar (USD). Gold extends its decline for a second day this week as the US dollar caught up with some gains and demand for haven assets cooled, wit
Fxstreet
Tue, May 27
Cerberus eyes Darwin Port, says Chinese port operator, amid Australia's local ownership push
Cerberus met with Darwin Port in May, says Landbridge executive China's Landbridge signed 99-year lease in 2015Australia held talks with potential local investors By Kirsty Needham SYDNEY, May 27 (Reuters) - U.S. private equity firm Cerberus has shown interest in acquiring the lease for Darw...Reuters
Tue, May 27
EUROPE GAS-Prices steady as weaker demand offsets Norwegian supply cuts
LONDON, May 27 (Reuters) - Dutch and British wholesale gas prices were little changed on Tuesday morning as warmer weather lowered demand and helped to offset weaker supply from Norway owing to maintenance at the Troll gas field.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was...Reuters
Tue, May 27
OPEC+ must be mindful of rising oil demand, UAE energy minister says
ABU DHABI, May 27 (Reuters) - The OPEC+ oil producer group is doing its best to balance the market but needs to be mindful of rising demand, United Arab Emirates Energy Minister Suhail Mohamed Al Mazrouei said at a forum in Abu Dhabi on Tuesday.Reuters
Tue, May 27
SOCAR, Gunvor, Bin Butti to bid for refiner Italiana Petroli, sources say
MILAN, May 27 (Reuters) - State Oil Company of Azerbaijan (SOCAR), global commodity trader Gunvor and Abu Dhabi-based Bin Butti Group are expected to submit binding offers for Italian oil refiner Italiana Petroli (IP) next week, two sources close to the deal said on Tuesday. IP, also known as API Gr...Reuters
Tue, May 27
METALS-London metals dip on weak China demand, soft dollar caps slide
By Michele Pek SINGAPORE, May 27 (Reuters) - London metals edged lower on Tuesday amid weaker copper demand in top consumer China, although a softer dollar cushioned the fall.Three-month copper on the London Metal Exchange CMCU3 fell 0.33% to $9,578.5 per metric ton by 0719 GMT.Downstream purchas...Reuters
Tue, May 27
Harmony Gold agrees to buy Australian Mac Copper for $1 billion
By Felix Njini JOHANNESBURG, May 27 (Reuters) - Harmony Gold HARJ.J, South Africa's top gold producer by volume, has agreed to buy Australian miner Mac Copper Ltd MTAL.N in a deal worth $1.03 billion as it steps up a diversification into copper. Johannesburg-based Harmony said it is offering...Reuters
Tue, May 27
Oil falls as higher OPEC+ output expectations weigh on sentiment
May 27 (Reuters) - Oil prices slipped for a second session on Tuesday on increasing expectations members of the Organisation of Petroleum Exporting Countries and their allies, known as OPEC+, will decide to increase their output at a meeting later this week.Reuters
Tue, May 27
RPT-ANALYSIS-Japan poised to sweeten offshore wind rules as players get cold feet
Japan needs to revive offshore wind plan to meet 2040 target Developers secured for one-tenth of targeted 45 GW capacity Industry seeks rule changes to offset soaring costs, price risks By Katya Golubkova and Yuka Obayashi TOKYO, May 26 (Reuters) - Japan is likely to sweeten terms for developers...Reuters
Tue, May 27
COLUMN-Saudi's refining boom helps it weather oil price war: Bousso
Saudi refining rises to seasonal all-time high in MarchWhile kingdom's crude oil exports declineStrong refining profits can offset revenue loss from weak crude pricesBy Ron Bousso LONDON, May 27 (Reuters) - Saudi Arabia has been cranking up oil refining operations to capture strong profit mar...Reuters
Tue, May 27
PRESS DIGEST-New York Times business news - May 27
May 27 (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.- Four former Volkswagen VOWG.DE executives, who were responsible for engine technology, were found guilty of fraud charges on Monda...Reuters
Tue, May 27
