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Repsol processed four Venezuela crude cargoes in first quarter
MADRID, April 30 (Reuters) - Spanish oil company Repsol REP.MC has processed four cargoes of Venezuelan crude oil at its refineries during the first quarter, its Chief Executive Josu Jon Imaz said on Wednesday.Separately, he said the company expected to sell parts of renewable energy assets with a c...Reuters
Wed, Apr 30
METALS-London metals drop on weak China factory data
SHANGHAI, April 30 (Reuters) - Most London metals fell on Wednesday, and logged a monthly decline, as disappointing Chinese factory activity data eclipsed optimism over improving U.S.-China trade ties, with investors eyeing upcoming U.S. economic data for clues into the Federal Reserve's policy ...Reuters
Wed, Apr 30
INEOS Announces Natural Gas Supply Agreement With Covestro For Eight Years Starting 2027
April 30 (Reuters) - INEOS:ANNOUNCED A LONG-TERM AGREEMENT WITH COVESTRO FOR THE SUPPLY OF NATURAL GAS FOR UP TO EIGHT YEARS, STARTING 2027SAYS THE AGREEMENT BUILDS ON INEOS' NEWLY ESTABLISHED LNG SUPPLY CHAIN, AND BOTH COMPANIES' COMMITMENT TO SUPPORT EUROPEAN INDUSTRIAL COMPETITIVENESSReuters
Wed, Apr 30
Iberdrola shrugs off tariff hit with first-quarter earnings beat
First quarter net profit down year on year but beats forecastsTariff hit mitigated by local supply, key contracts securedShares down in line with marketBy Pietro Lombardi MADRID, April 30 (Reuters) - Europe's largest utility Iberdrola IBE.MC said on Wednesday U.S. tariffs and trade tensions w...Reuters
Wed, Apr 30
METALS-London metals fall as strong dollar clouds tariff easing hopes
SHANGHAI, April 30 (Reuters) - London metals fell on Wednesday, and logged a monthly decline, as a stronger dollar eclipsed optimism over improving U.S.-China trade ties, with investors eyeing the upcoming U.S. economic data for clues into the Federal Reserve's policy direction.Benchmark copper ...Reuters
Wed, Apr 30
TABLE-UAE's Fujairah oil inventory data for week ended April 28
April 30 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended April 28, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change fr...Reuters
Wed, Apr 30
RUBBER-Japan futures post biggest monthly drop since 2017 on tariff jitters
SINGAPORE, April 30 (Reuters) - Japanese rubber futures rose on Wednesday, but posted their biggest monthly loss in eight years as U.S. tariff policies sparked concerns about global demand, while expectations of increased supply also pressured prices. The Osaka Exchange (OSE) October rubber contra...Reuters
Wed, Apr 30
PRECIOUS-Gold falls as easing trade tensions dampen appeal; US data in focus
Trump eases auto tariffs burdenUS PCE data due later in the dayDollar up 0.1% against its peersBy Anushree Mukherjee and Anmol Choubey April 30 (Reuters) - Gold prices dropped on Wednesday, pressured by a firmer dollar and easing trade tensions, while investors awaited key U.S. data this week for...Reuters
Wed, Apr 30
EDF's Fontana: want 40 TWh/year from long-term contracts with industrial clients
PARIS, April 30 (Reuters) - Bernard Fontana, picked to be the next chief executive of French state-owned utility EDF, on Wednesday said he targeted signing long-term contracts with industrial clients amounting to 40 terawatt hours (TWh) per year.Fontana was speaking to lawmakers who still have to ap...Reuters
Wed, Apr 30
Palladium price: Rare metals mixed at the start of the European session
Platinum Group Metals (PGMs) trade mixed at the beginning of Wednesday, according to FXStreet data. Palladium (XPD) changes hands at $938.30 a troy ounce, with the XPD/USD pair easing from its previous close at $939.50.Fxstreet
Wed, Apr 30
Equinor slams Trump administration's halt to major US offshore wind project
By Nora Buli and Nerijus Adomaitis OSLO, April 30 (Reuters) - Equinor EQNR.OL on Wednesday said it believes the decision of U.S. President Donald Trump's administration to halt the construction of a multi-billion dollar offshore wind power project is unlawful and that the group may take legal...Reuters
Wed, Apr 30
COLUMN-Don’t blame renewables for Spain’s power outage: Bousso
Spain and Portugal power outage raises challenges of new power systemBlackout linked to sharp and rapid drop in power, possibly from solar generationGovernments should invest in new storage and grid technologiesBy Ron Bousso LONDON, April 30 (Reuters) - While it may be tempting to blame the unpre...Reuters
Wed, Apr 30
Gold investment hits three-year high in first quarter on trade turmoil, WGC says
WGC estimates demand from central banks down 21% y/y in Q1Total investment demand up 170% y/y, to highest since Q1, 2022Gold jewellery demand fell to lowest since the 2020 pandemicBy Polina Devitt LONDON, April 30 (Reuters) - Global gold demand including over-the-counter (OTC) trading rose by 1% ...Reuters
Wed, Apr 30
Cheap fuel, strong revenues: Air France-KLM dodges Q1 tariff uncertainty
By Joanna PlucinskaLONDON, April 30 (Reuters) - Franco-Dutch airline group Air France-KLM AIRF.PA on Wednesday reported better than expected results as it saw strong revenues and a drop in jet fuel costs, despite worries about the knock-on impact from U.S. President Donald Trump's tariff threats...Reuters
Wed, Apr 30
CORRECTED-Shanghai copper set to surge on dwindling stocks, traders say
SHANGHAI, April 30 (Reuters) - Copper inventories on the Shanghai Futures Exchange (ShFE) are expected to decline again this week, continuing the sharp drop and potentially triggering a price surge, according to four traders.The surge in the prices of ShFE copper, a key metal for China's vast ma...Reuters
Wed, Apr 30
PRESS DIGEST- Financial Times - April 30
April 30 (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- JP Morgan chief Jamie Dimon backs Rachel Reeves' 'pro-growth agenda'- KKR says Europe enjoying 'renaissance' aft...Reuters
Wed, Apr 30
WTI falls to near $59.50 due to weakening global economic growth, Oil demand
West Texas Intermediate (WTI) Oil price continues its decline for a third consecutive session, trading near $59.50 per barrel during Asian hours on Wednesday. The downward pressure on Oil stems from growing fears over weakening global economic growth and fuel demand, largely triggered by US PresidenFxstreet
Wed, Apr 30
