News
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Fifth sanctioned LNG ship berths at Russia's Arctic LNG 2, tracking data shows
SINGAPORE, Aug 21 (Reuters) - A liquefied natural gas (LNG) tanker targeted by U.S. sanctions berthed at Russia's Arctic LNG 2 on Thursday, shiptracking data from LSEG and Kpler showed, the fifth such tanker to stop at the project this year. Loadings resumed late in June at the Arctic LNG 2 proj...Reuters
Thu, Aug 21
Singapore fuel oil stockpiles ease for second week
SINGAPORE, Aug 21 (Reuters) - Onshore fuel oil stockpiles in Singapore eased for a second consecutive week following a recent surge, official data showed on Thursday. Residual fuel inventories STKRS-SIN fell 6.5% to 23.04 million barrels (3.63 million metric tons) in the week to Aug. 20, logging its...Reuters
Thu, Aug 21
CORRECTED-Norway's DNO resumes oil output from Kurdistan fields after drone strikes
OSLO, Aug 21 (Reuters) - Norway's DNO DNO.OL has restarted oil production at its Tawke and Peshkabir fields in Iraq's semi-autonomous region of Kurdistan, which were halted last month due to drone strikes in the area, the company said on Thursday.Repeated drone attacks on oilfields in the re...Reuters
Thu, Aug 21
Silver Price Forecast: XAG/USD recovery stalls at $38.00 as the US Dollar firms up
Silver (XAG/USD) is posting moderate losses on Thursday, after having rallied about 1.35% on Wednesday. Bulls are struggling to find acceptance above the $38.00 level, with the US Dollar firming up ahead of the all-important Fed Powell speech at the annual Jackson Hole meeting.
Fxstreet
Thu, Aug 21
TABLE-North Sea gas maintenance schedule: Adds Atwick outage
Aug 21 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
Thu, Aug 21
KCC warns $100 billion hurricane loss likely with US landfall locations 'lucky' in recent decades
By Navneeta NandanAug 21 - (The Insurer) - A $100 billion hurricane insured loss is "not only possible, but likely", a white paper published on Wednesday by Karen Clark & Company has warned. The KCC paper highlighted how landfall location is the critical determinant of insured losse...Reuters
Thu, Aug 21
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $63.03 per barrel, up from Wednesday’s close at $62.79.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $66.50 price posted on Wednesday, and trading at $66.73.
Fxstreet
Thu, Aug 21
COLUMN-Charting the projected US power capacity mix through 2035: Maguire
By Gavin MaguireLITTLETON, Colorado, Aug 21 (Reuters) - U.S. power generation capacity is evolving at the fastest pace in decades, as utilities scramble to ensure that supplies keep up with rapidly growing electricity demand from data centers, AI applications, businesses, homes and electric vehicles...Reuters
Thu, Aug 21
TECHNICALS-CBOT soybeans may edge up into $10.41-3/4 to $10.43-3/4 range
For more technical analyses, please click SINGAPORE, Aug 21 (Reuters) - The CBOT soybean November contract SX25 may edge up into a range of $10.41-3/4 to $10.43-3/4 per bushel, as a consolidation within a wedge has extended.The contract managed to stabilize around the lower trendline of the pattern....Reuters
Thu, Aug 21
GRAINS-Chicago soybeans slip on strong yield prospects; wheat and corn rise
BEIJING, Aug 21 (Reuters) - Chicago soybean futures slipped on Thursday as a U.S. Midwest field tour indicated prospects of strong yield.The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was down 0.1% at $10.35 per bushel, as of 0353 GMT.Third-day results from the closely wat...Reuters
Thu, Aug 21
PRESS DIGEST- Financial Times - Aug 21
Aug 21 (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 ready to oversee insolvency of crucial part of Gupta's Liberty Steel empire- Airbus UK workers vote to strike over pay- North Se...Reuters
Thu, Aug 21
PRESS DIGEST-British Business - Aug 21
Aug 21 (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- Retailer Marks & Spencer MKS.L said it would invest 340 million pounds ($457.47 million) into food distri...Reuters
Thu, Aug 21
GRAINS-Chicago wheat claws higher on short covering; abundant global supply caps gains
BEIJING, Aug 21 (Reuters) - Chicago wheat futures rose on Thursday, helped by short covering, though abundant global supply continued to weigh on the market.Corn gained on brisk export demand, while soybeans edged higher, supported by firm soymeal prices. Traders also closely monitored results from ...Reuters
Thu, Aug 21
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Aug 21 (Reuters) - Contract Target Support/Resistance Brent oil $68.05sup $66.52/$65.83Palm oil (3rd month)4,455 ringgitres 4,542/4,563 ringgitWTI* $62.12/$61.38/$60.59res $63.46/$64.10/$64.74Spot gold$3,327/$3,316res $3,355/$3,375LME copper ...Reuters
Thu, Aug 21
Oil prices gain as US inventory withdrawals point to strong demand
By Katya Golubkova TOKYO, Aug 21 (Reuters) - Oil prices gained slightly on Thursday as larger-than-expected declines crude oil and fuel inventories in the U.S., the world's biggest oil user, supported expectations for steady demand. Brent crude futures LCOc1 were up 13 cents, or 0.19%, to $66...Reuters
Thu, Aug 21
US Cash Crude-Mars firms as WTI/Brent spread widens
Aug 20 (Reuters) - Mars Sour crude gained on Wednesday as U.S. West Texas Intermediate's discount to Brent widened, dealers said. Midland eased 10 cents, while WTI at East Houston (MEH) was flat and Mars gained 25 cents. West Texas Intermediate crude futures' (WTI) discount to Brent WTCLc1-L...Reuters
Wed, Aug 20
