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BP signs long-term LNG deal with Zhejiang Energy
May 22 (Reuters) - BP on Thursday said it has entered into a long-term liquefied natural gas sale and purchase agreement with Zhejiang Energy."Under the agreement, BP will provide Zhejiang Energy with up to approximately 1 million ton per annum of LNG for over 10 years on a delivered ex-ship (de...Reuters
Thu, May 22
METALS-London copper edges higher on soft dollar, but tariff jitters cap gains
NEW DELHI, May 22 (Reuters) - Copper prices in London edged higher on Thursday, supported by a softer dollar, although gains were limited due to persisting uncertainty over economic growth from elevated U.S. tariffs.Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0.1% at $9,546 a me...Reuters
Thu, May 22
GRAINS-Wheat rally hits the buffers as US dollar stabilises
CANBERRA, May 22 (Reuters) - A rally in Chicago wheat futures hit the buffers on Thursday, with prices falling from Wednesday's one-month high as the U.S. dollar halted its decline and a Russian consultancy raised its production forecast for the country.Corn and soybean futures also fell.FUNDAME...Reuters
Thu, May 22
PRESS DIGEST-British Business - May 22
May 22 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- Europe's largest bank HSBC HSBA.L warned its British employees that their pay packages could be cut if they d...Reuters
Thu, May 22
FEMA senior officials exit en masse as Trump targets agency
FEMA informs staff of departure of 16 senior executivesDeparting execs include MaryAnn Tierney, recently agency No. 2Departures come ahead of start to hurricane season on June 1 By Ted Hesson and Nathan Layne WASHINGTON, May 21 (Reuters) - The U.S. Federal Emergency Management Agency announced t...Reuters
Thu, May 22
US panel submits view on Nippon Steel-US Steel deal to Trump, source says
By Alexandra Alper May 21 (Reuters) - A powerful U.S. national security panel on Wednesday submitted a recommendation to President Donald Trump on Nippon Steel's 5401.T fraught $14.9 billion bid for U.S. Steel X.N, a person familiar with the matter said, without providing further detail on it...Reuters
Thu, May 22
WTI slumps to near $61.00, traders await fresh round of nuclear talks between US and Iran
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.10 during the Asian trading hours on Thursday. The WTI price edges lower on the report that a fresh round of nuclear talks between the United States and Iran would take place later this week.
Fxstreet
Thu, May 22
PRECIOUS-Gold rises as investors grow cautious amid US debt fears
May 22 (Reuters) - Gold prices rose on Thursday as investors leaned toward the safe-haven asset due to mounting concerns over the U.S. government's growing debt and a lukewarm demand for 20-year Treasury bonds, highlighting low appetite for U.S. assets.FUNDAMENTALS* Spot gold XAU= gained 0.2% to...Reuters
Thu, May 22
Guangdong Pearl River agrees LNG purchase deal with ConocoPhillips
BEIJING, May 21 (Reuters) - Guangdong Pearl River Investment Management Group said on Wednesday it has signed a 15-year sales and purchase agreement to buy liquefied natural gas from ConocoPhillips COP.N.The company did not disclose the volume of LNG covered under the agreement, which was signed on ...Reuters
Thu, May 22
Oil prices ease on surprise builds in US inventories
By Yuka Obayashi TOKYO, May 22 (Reuters) - Oil prices eased on Thursday as unexpected builds in U.S. crude and fuel inventories raised demand concerns, while investors stayed cautious, focusing on renewed Iran-U.S. nuclear talks.Brent futures LCOc1 slipped 33 cents, or 0.5%, to $64.58 a barrel by...Reuters
Thu, May 22
RPT-WGC-Despite challenges, major LNG producers push new projects to feed global power demand
LNG seen as transition fuel amid energy security concerns post-Ukraine invasionGlobal LNG demand driven by urbanisation, AI data centres, power grid outagesRising costs and potential oversupply could impact LNG market prospectsBy Colleen Howe and Sam Li BEIJING, May 21 (Reuters) - Producers are p...Reuters
Thu, May 22
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 22 (Reuters) - Contract Target Support/Resistance Brent oil $64.04/$63.71res $64.93/$65.33/$65.82Palm oil (3rd month)3,866/3,839 ringgitres 3,910/3,946/3,981 ringgitWTI* $60.78/$60.20res $61.50/$61.99/$62.65Spot gold$3,337/$3,366sup $3,28...Reuters
Thu, May 22
CFIUS submits recommendation to Trump on Nippon Steel-US Steel tie-up, source says
May 21 (Reuters) - A powerful U.S. national security panel known as CFIUS on Wednesday submitted a recommendation to President Donald Trump on Nippon Steel's fraught $14.9 billion bid for U.S. Steel, a person familiar with the matter said. The submission complies with an executive order signed ...Reuters
Thu, May 22
CIF/FOB Gulf Grain-Corn barge bids strengthen; soy bids mixed
CHICAGO, May 21 (Reuters) - Spot basis bids for corn barges delivered to U.S. Gulf Coast terminals firmed on Wednesday, reflecting exporter demand and a slow pace of farmer selling, traders said.Soybean barge bids were narrowly mixed, supported by quiet farmer sales and competition for the oilseed f...Reuters
Wed, May 21
Silver Price Forecast: XAG/USD holds near $33.50 as US debt fears fuels haven demand
Silver price extended its rally to three days on Wednesday, edging up 0.21% as the Greenback continued to weaken across the board. Moody’s downgrade to US sovereign debt and the vote of the US fiscal budget, keeps investors seeking safety in the precious metal.
Fxstreet
Wed, May 21
US Cash Crude-Mars weakens to four month lows in volatile roll trade period
May 21 (Reuters) - Mars tumbled on Wednesday to four-month lows, dealers said, the first day of roll trade and as investors worried about demand for the oil amid increased OPEC+ output and reports that the U.S. government is set to extend Chevron's CVX.N deadline to halt its operations in Venezu...Reuters
Wed, May 21
Mosaic Co - On May, 16 Co Enters Amended And Restated Credit Agreement - SEC Filing
Mosaic Co MOS.N:MOSAIC CO - ON MAY, 16 CO ENTERS AMENDED AND RESTATED CREDIT AGREEMENT - SEC FILINGMOSAIC CO - CREDIT FACILITY UP TO $2.5 BILLION - SEC FILINGMOSAIC CO - CREDIT FACILITY MATURITY EXTENDED TO MAY 16, 2030 - SEC FILINGSource text: [ID:n0001628280-25-027098]Reuters
Wed, May 21
US redirects Puerto Rico solar power funds to oil plants
By Timothy Gardner WASHINGTON, May 21 (Reuters) - The Trump administration will halt funding of $365 million awarded during the previous administration for rooftop solar power in Puerto Rico and redirect it to fossil fuel burning plants and maintenance of infrastructure, it said on Wednesday. P...Reuters
Wed, May 21
LIVESTOCK-CME live cattle futures climb as wholesale US beef prices firm
By P.J. HuffstutterCHICAGO, May 21 (Reuters) - Chicago Mercantile Exchange live cattle firmed on Wednesday as wholesale prices continued to rise and consumer demand for beef has stayed strong amid the U.S. grilling season, market analysts said.CME feeder cattle futures mostly ticked lower, with pric...Reuters
Wed, May 21
South Africa's trade minister: submitted proposal to US on trade and investment
WASHINGTON, May 21 (Reuters) - South Africa's trade minister Parks Tau said on Wednesday that the South African government had submitted a proposal to the United States on trade and investment.The proposal included buying liquefied natural gas (LNG) from the U.S. which was positively received, T...Reuters
Wed, May 21
