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CORRECTED-Kazakhstan sees oil output surpassing plans this year, TASS reports
MOSCOW, May 23 (Reuters) - Kazakhstan will likely exceed its original oil output plans for 2025 of 96.2 million tons due to expansion at the Chevron-led CVX.N Tengiz field, Energy Minister Erlan Akkenzhenov was quoted as saying, defying pressure from OPEC+.Kazakhstan has cited rising output at the T...Reuters
Fri, May 23
Japan's Steel Industry Head Says Japan Must Urgently Take Trade Measures Against Rising Steel Shipments From China
May 23 (Reuters) - Nippon Steel Corp 5401.T:JAPAN'S STEEL INDUSTRY HEAD SAYS JAPAN MUST URGENTLY TAKE TRADE MEASURES AGAINST RISING STEEL SHIPMENTS FROM CHINANIPPON STEEL PRESIDENT: OUR PLANNED ACQUISITION WILL ALLOW U.S. STEEL TO REMAIN COMPETITIVE THROUGH OUR INVESTMENTS AND LATEST TECHNOLOGYN...Reuters
Fri, May 23
CORRECTED-WGC-Shell expects more LNG exporters to turn into net importers, drive demand
Indonesia, Malaysia, Algeria likely to become net LNG importers These countries could add close to 50 mln tons LNG demand by 2040, Shell forecastBy Colleen Howe BEIJING, May 23 (Reuters) - Energy major Shell SHEL.L expects several traditional LNG exporter nations to turn into net importers, drivi...Reuters
Fri, May 23
Supplies from Russia's sanctioned Arctic LNG 2 plant curbed by lack of tankers, source says
By Marwa Rashad LONDON, May 23 (Reuters) - Russia's Arctic LNG 2 plant, currently under U.S. sanctions, has shut down its first production train because reservoirs are full in the absence of tankers to load, a source close to the matter told Reuters on Friday.Russia's NovatekReuters
Fri, May 23
EUROPE GAS-Prices rangebound as warmer temperatures curb demand
LONDON, May 23 (Reuters) - Dutch and British wholesale gas prices were little changed on Friday morning as warmer temperatures curbed demand and supply from Norway rose.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was down 0.27 euro at 36.08 euros per megawatt hour (MWh) or $1...Reuters
Fri, May 23
EXCLUSIVE-Taliban in talks with Russia, China for trade transactions in local currencies
Taliban in talks with Russia, China on banking transactionsCurrently trades around $300 million annually with Russia Aid cuts, sanctions mean less USD entering AfghanistanBy Mohammad Yunus Yawar and Charlotte Greenfield KABUL, May 23 (Reuters) - The Taliban administration is in advanced talks wit...Reuters
Fri, May 23
Silver Price Forecast: XAG/USD bulls retain intraday control above $33.00 mark
Silver (XAG/USD) builds on the previous day's bounce from the $32.60 area and gains some follow-through positive traction on Friday. The momentum extends through the early European session and lifts the white metal to a fresh daily peak, around the $33.25-$33.30 region in the last hour.
Fxstreet
Fri, May 23
Shell Indonesia to transfer gas station business to Citadel and Sefas JV
JAKARTA, May 23 (Reuters) - Shell Indonesia has agreed to sell ownership of its gas station business to a joint venture between Citadel Pacific Limited and Sefas Group, but will keep its lubricant business, the company said on Friday.Shell said the deal, which includes around 200 gas stations in Ind...Reuters
Fri, May 23
Russia's Arctic LNG2 plant has shut down its first production train - source says
LONDON, May 23 (Reuters) - Russia's Arctic LNG 2 plant, currently under U.S. sanctions, has shut down its first production train, as reservoirs are full amid absence of tankers to load, a source close to the matter said on Friday.Russia's Novatek, which owns 60% in the plant, did not reply...Reuters
Fri, May 23
PRECIOUS-Gold heads for biggest weekly jump in 1-1/2 months on US fiscal worries
Trump's sweeping tax-cut bill passes US House, on way to SenateGold can maintain foothold above the $3,000 level - analyst Dollar has lost more than 1% so far this week By Anushree Mukherjee May 23 (Reuters) - Gold prices rose on Friday and were poised for their biggest weekly gain in more th...Reuters
Fri, May 23
METALS-London copper set for slight weekly gains as weak dollar aids
NEW DELHI, May 23 (Reuters) - Copper prices in London were poised for slim weekly gains on Friday, supported by a softer dollar, although the upside was limited due to persisting uncertainty over U.S. tariffs.Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0.1% at $9,513 a metric to...Reuters
Fri, May 23
US invites Asian officials to Alaska, eyes $44 billion LNG project
Energy, Interior secretaries to host June 2 event in AlaskaOfficials from Taiwan, South Korea, Japan invitedTrump pushing allies to invest in long-delayed projectBy John Geddie, Tim Kelly and Timothy Gardner TOKYO/WASHINGTON, May 23 (Reuters) - The U.S. has invited officials from Japan, South Kor...Reuters
Fri, May 23
Crude oil price today: WTI price neutral at European opening
West Texas Intermediate (WTI) Oil price is neutral on Friday, early in the European session. WTI trades at $60.67 per barrel, not far from its Thursday close at $60.67.Brent Oil Exchange Rate (Brent crude), however, advances from its previous close at $63.60 to trade at $63.63.
Fxstreet
Fri, May 23
Exxon Reports Unit Upset At Beaumont, Texas Refinery
May 23 (Reuters) - EXXON MOBIL CORP XOM.N:REPORTS INSTRUMENT FAILURE CAUSED A UNIT UPSET AT BEAUMONT, TEXAS REFINERYSAYS PROCESS STREAMS WERE ROUTED TO THE FLARE TO MINIMIZE EMISSIONSSAYS NO OFFSITE IMPACTS WERE REPORTEDSOURCE: TEXAS COMMISSION ON ENVIRONMENTAL QUALITY FILINGTHE BEAUMONT COMPLEX HOU...Reuters
Fri, May 23
PRESS DIGEST- Financial Times - May 23
May 23 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- UK to pay 101 million pounds a year under deal to hand over Chagos Islands to Mauritius- David Cameron in talks to join law firm DLA Pi...Reuters
Fri, May 23
TECHNICALS-CBOT soybeans may retrace to $10.63
For more technical analyses, please click SINGAPORE, May 23 (Reuters) - The CBOT soybean July contract SN25 may retrace to $10.63 per bushel, following its failure to break resistance at $10.73-3/4.The barrier is identified as the 61.8% projection level of a wave c from $10.45-3/4. Partly due to thi...Reuters
Fri, May 23
Murban crude prices drop as OPEC+ raises output, prompting surge in volumes to Asia
Asian buyers flock to Murban as ample supply depress pricesCheap Murban to squeeze Asia's demand for U.S. WTIMurban becomes cheapest among grades used to assess Platts Dubai benchmarkRecord 20 Murban cargoes delivered in Platts window in May so farBy Siyi Liu and Florence Tan SINGAPORE, May 2...Reuters
Fri, May 23
