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Gold price rebounds above $3,200 as Moody’s downgrade spurs safe haven demand
Gold price trimmed some of last Friday’s losses, climbing on safe haven demand following Moody’s downgrade of the United States' (US) creditworthiness. The rating agency's action undermined the US Dollar and sent XAU/USD above the $3,200 figure after bouncing off daily lows of $3,202.
Fxstreet
Mon, May 19
PRECIOUS-Gold firms on safe-haven demand after Moody's US downgrade
US dollar hits weakest level since May 8 Trump and Putin talk about ending war in UkraineChina's platinum jewellery demand revives - WPIC By Sarah Qureshi May 19 (Reuters) - Gold prices drifted higher on Monday, steered by a softer dollar and safe-haven demand after Moody's downgraded the...Reuters
Mon, May 19
Bipartisan group of US lawmakers introduce bill to boost nuclear power
By Timothy Gardner WASHINGTON, May 19 (Reuters) - U.S. senators from both major parties introduced a bill on Monday aimed at offsetting China and Russia's growing influence on international nuclear energy development.WHY IT'S IMPORTANTThe United States has more nuclear power capacity than...Reuters
Mon, May 19
TotalEnergies signs Canada LNG agreement with Ksi Lisims LNG
PARIS, May 19 (Reuters) - French energy group TotalEnergies TTEF.PA said in a statement on Monday it had signed an agreement with Ksi Lisims LNG for the purchase of 2 million tons per year of LNG for 20 years from a future liquefaction plant, subject to the final investment decision of the project.T...Reuters
Mon, May 19
TotalEnergies signs Canada LNG agreement with Ksi Lisims LNG
PARIS, May 19 (Reuters) - French energy group TotalEnergies TTEF.PA said in a statement on Monday it had signed an agreement with Ksi Lisims LNG for the purchase of 2 million tons per year of LNG for 20 years from a future liquefaction plant, subject to the final investment decision of the project.T...Reuters
Mon, May 19
U.S. nuclear power plant outages
May 19 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total ...Reuters
Mon, May 19
US DOE to begin issuing orders for pending LNG non-FTA export permits
HOUSTON, May 19 (Reuters) - The U.S Department of Energy will begin issuing final orders on pending applications to export liquefied natural gas to countries without a free trade agreement with the U.S., the department said on Monday.Exports of LNG from the U.S. are in the best interest of the Ameri...Reuters
Mon, May 19
North Sea Crude-Flurry of trade for Forties, WTI Midland
LONDON, May 19 (Reuters) - As many as four U.S. WTI Midland crude cargoes traded in the Platts window on Monday, as well as two cargoes of North Sea Forties. PLATTS WINDOW* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at p...Reuters
Mon, May 19
UK agricultural exports to EU could rise by 16% under new deal, official estimates show
LONDON, May 19 (Reuters) - British exports of major agricultural commodities to the European Union could increase by around 16% under Britain's new deal with the trading bloc, government estimates published on Monday showed.The sanitary and phytosanitary deal could increase imports from the Euro...Reuters
Mon, May 19
UK agricultural exports to EU could rise by 16% under new deal, official estimates show
LONDON, May 19 (Reuters) - British exports of major agricultural commodities to the European Union could increase by around 16% under Britain's new deal with the trading bloc, government estimates published on Monday showed.The sanitary and phytosanitary deal could increase imports from the Euro...Reuters
Mon, May 19
GRAINS-CBOT grain futures firm, soybeans dip on choppy day of trading
Corn futures firm despite planting questions in U.S. DeltaWheat futures rise, supported by weaker dollar and export interestSoybean futures dip on technical trading, export concernsBy P.J. Huffstutter CHICAGO, May 19 (Reuters) - Chicago Board of Trade corn futures firmed on Monday in a choppy day...Reuters
Mon, May 19
Berlin, Paris overcome rift over nuclear energy, French official says
BERLIN/PARIS, May 19 (Reuters) - The new German government has signalled to France it will no longer object to treating nuclear power on a par with renewable energy in EU legislation, French officials said, confirming a published report.The EU's two largest economies have long been at loggerhead...Reuters
Mon, May 19
Europe Gasoline/Naphtha-Gasoline margins fall on slow trading
LONDON, May 19 (Reuters) - Northwest European gasoline profit margins fell on Monday by over a dollar to $13.31 a barrel on slower trading activity and higher oil prices. A total of 5,000 metric tons of Eurobob E5 barges traded in the Argus window on Monday, with Trafigura selling barges to Shell an...Reuters
Mon, May 19
Power Up: Blackstone's bet on power
May 19 (Reuters) - By Liz HamptonU.S. energy markets editor Hello Power Up readers! Oil prices are jumping around to start the week, first trading in negative territory after Moody's downgrade of the U.S. sovereign credit rating and official data out of China showed slowing industrial ou...Reuters
Mon, May 19
US Cash Grains-Corn basis mostly steady-firm on slow farmer sales
CHICAGO, May 19 (Reuters) - Spot corn basis bids were mostly steady to higher at elevators and processing plants around the U.S. Midwest on Monday, supported by slow farmer sales as futures prices remain near recent five-month lows, grain dealers said. Spot soybean basis bids were flat to lower at m...Reuters
Mon, May 19
METALS-Aluminium falls as available stocks jump and Chinese supply rises
By Polina Devitt LONDON, May 19 (Reuters) - Aluminium prices fell on Monday after a jump in available stocks in warehouses registered with the London Metal Exchange (LME) and Chinese data that showed rising output of the metal.Benchmark three-month aluminium CMAL3 on the LME was down 1.5% at $2,4...Reuters
Mon, May 19
Brazil reforestation firm re.green gets fresh financing in deal with BNDES, Bradesco
SAO PAULO, May 19 (Reuters) - Brazilian reforestation startup re.green has obtained 80 million reais ($14.13 million) in financing from state development bank BNDES, it said on Monday, in a deal that also involved lender Bradesco BBDC4.SA as a financial intermediary.The deal is similar to a 160 mill...Reuters
Mon, May 19
UK strikes EU trade and defence reset in 'new era' for relations
Starmer and von der Leyen reach agreement in LondonDeal covers defence, trade and fishVon der Leyen says 'we in Europe stick together'Pro-Brexit Nigel Farage calls it 'abject surrender'By Kate Holton, Andrew MacAskill and Alistair Smout LONDON/BRUSSELS, May 19 (Reuters) - Britain ...Reuters
Mon, May 19
Berlin, Paris overcome rift over nuclear energy, French official says
BERLIN/PARIS, May 19 (Reuters) - The new German government has signaled to France it will no longer object to treating nuclear power on a par with renewable energy in EU legislation, a French official said on Monday, confirming an earlier report.The EU's two largest economies have long been at l...Reuters
Mon, May 19
US natgas futures fall 5% to 3-week low on rising output
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 3% over five-year normalBy Scott DiSavino May 19 (Reuters) - U.S. natural gas futures fell about 5% to a three-week low on Monday on a small increase in output over the last few days even thou...Reuters
Mon, May 19
