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EU wants to propose lowering the price cap for Russian Oil – Commerzbank
According to a Reuters report, the EU intends to propose lowering the price cap for Russian Oil from $60 to $50 per barrel at the meeting of G7 finance ministers, Commerzbank's commodity analyst Barbara Lambrecht notes.Fxstreet
Tue, May 20
US-led peace talks could boost Rwandan processing of Congo minerals, sources say
Congolese minerals could be processed in Rwanda, sources sayEastern Congo rich in tin, tantalum and tungstenCongo, U.N., US have accused Rwanda of exploiting Congolese mineralsBy Sonia Rolley and Daphne Psaledakis May 19 (Reuters) - Congolese minerals such as tungsten, tantalum and tin, which Kin...Reuters
Tue, May 20
BREAKINGVIEWS-AI power demand is generating hallucinations
By Robert Cyran NEW YORK, May 20 (Reuters Breakingviews) - A sprawling global network of silicon has sprung up to power artificial intelligence. Housed within data centers, these chips demand vast sums of electricity to crunch the numbers behind the likes of ChatGPT. Yet both technology giants an...Reuters
Tue, May 20
Battery maker Clarios views sites for $1 bln critical minerals plant in US
May 20 (Reuters) - Clarios, a battery maker owned by global investment firm Brookfield, is scouting locations for an up to $1 billion critical minerals processing and recovery plant in the U.S. and sites in three states are in contention, it said on Tuesday.The plan, enabled by recent executive orde...Reuters
Tue, May 20
Oil: Chinese oil demand falls – ING
The Oil market eked out a small gain yesterday, with ICE Brent holding above US$65/bbl. The scheduled call between President Trump and President Putin doesn’t appear to have led to any significant breakthroughs. Trump said that Russia and Ukraine would begin talks on ending the war.Fxstreet
Tue, May 20
India's Hindalco beats quarterly profit view
May 20 (Reuters) - Hindalco Industries HALC.NS, one of India's largest copper and aluminium producers, reported fourth-quarter profit above analysts' estimates on Tuesday, driven by a surge in commodity prices.Its consolidated net profit rose to 52.83 billion rupees ($618.05 million) for the...Reuters
Tue, May 20
EUROPE GAS-Prices rise on tighter supply
LONDON, May 20 (Reuters) - Dutch and British wholesale gas prices rose on Tuesday morning due to maintenance outages and tight supply.The benchmark Dutch front-month contract TRNLTTFMc1 was up 0.99 euro at 36.19 euros per megawatt hour (MWh) by 0830 GMT, LSEG data showed.The British contract for Jun...Reuters
Tue, May 20
ConocoPhillips CEO: if oil price remains as it is today, US shale production will 'flatten out'
DOHA, May 20 (Reuters) - ConocoPhillips COP.N CEO Ryan Lance said on Tuesday that if the price of oil remains at its current level, U.S. shale production would "flatten out", adding that output would start declining if the oil price falls into the $50s.Reuters
Tue, May 20
If oil falls below $60 a barrel, power needs will not be met, says Qatar energy minister
DOHA, May 20 (Reuters) - If oil fell below $60 a barrel, there would be a decline in investment and power requirements would not be met, Qatar's Minister of Energy Saad al-Kaabi said on Tuesday at an economic forum held in Doha.He added that Qatar, one of the largest LNG global exporters, was &#...Reuters
Tue, May 20
Qatar's offer of 747 aircraft to Trump is a 'normal thing that happens between allies' PM says
DUBAI, May 20 (Reuters) - Qatar's offer to gift U.S. President Trump a Boeing BA.N 747-8 airplane is a "normal thing that happens between allies," Prime Minister Sheikh Mohammed bin Abdulrahman Al Thani said on Tuesday at an economic forum held in Doha.Reuters
Tue, May 20
METALS-London copper drifts lower on tariff uncertainty
NEW DELHI, May 20 (Reuters) - Copper prices in London were trading slightly lower on Tuesday as the initial euphoria over the 90-day tariff truce between the U.S. and China, the top consumer of the metal, began to fade.Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 0.7% at $9,461...Reuters
Tue, May 20
WTI hovers around $62.00, downside appears due to Russia-Ukraine peace talks
West Texas Intermediate (WTI) Oil price is trading around $62.00 per barrel during the Asian session on Tuesday, retreating after two consecutive days of gains. The pullback comes as markets evaluate the possible effects of a Russia-Ukraine ceasefire on global Oil supply.Fxstreet
Tue, May 20
Russia releases oil tanker from Baltic Sea detention, Estonian broadcaster ERR reports
COPENHAGEN, May 20 (Reuters) - Russia has released a Greek-owned oil tanker which was detained in Russian waters on Sunday after leaving an Estonian port, and the vessel has resumed its journey towards the Dutch port of Rotterdam, Estonian public broadcaster ERR reported on Tuesday.The Liberia-flagg...Reuters
Tue, May 20
PRECIOUS-Gold eases as Russia-Ukraine ceasefire optimism curbs safe-haven demand
Trump says Russia-Ukraine to start immediate talks on ceasefireFed officials take cautious view on U.S. markets amid downgradeSeveral Fed officials scheduled to speak later in the dayBy Anushree Mukherjee May 20 (Reuters) - Gold prices eased on Tuesday, as a slightly firmer dollar and optimism ov...Reuters
Tue, May 20
