News
Important Only
China denies Trump's assertion they are talking about tariffs
WASHINGTON, April 25 (Reuters) - China on Friday denied U.S. President Donald Trump's assertion that his administration is talking with China to strike a tariff deal."China and the U.S. are NOT having any consultation or negotiation on #tariffs. The U.S. should stop creating confusion," ...Reuters
Fri, Apr 25
Kazakhstan puts OPEC+ cohesion to the test – Commerzbank
Given this situation, it is hardly conceivable that Kazakhstan will limit oil production as planned, let alone compensate for the current overproduction with larger production cuts, Commerzbank's commodity analyst Carsten Fritsch notes.
Fxstreet
Fri, Apr 25
OPEC+ countries consider significant increase in production for June as well – Commerzbank
According to a Reuters report, the eight OPEC+ countries with voluntary production cuts could also increase oil production more significantly in June, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Fri, Apr 25
Gold price surge fueled by strong ETF demand – Commerzbank
In the middle of next week, the World Gold Council (WGC) will publish its report on gold demand in the first quarter. This is likely to show that the sharp rise in the gold price in the first three months of the year was driven by strong investment demand.Fxstreet
Fri, Apr 25
Activist investor Elliott wants BP to change strategy chief and structure
LONDON, April 25 (Reuters) - Activist investor Elliott Investment Management wants oil major BP BP.L to replace its strategy chief and change its structure to separate upstream and downstream units to aid accountability, a source familiar with the situation said on Friday.Elliott holds a stake of a ...Reuters
Fri, Apr 25
HSBC Lowers TTF Gas Estimates By $1/Mbtu to $12.5/Mbtu In 2Q/3Q
April 25 (Reuters) - HSBC RESEARCH:LOWERS TTF GAS ESTIMATES BY $1/MBTU TO $12.5/MBTU IN 2Q/3QSAYS AVERAGE 2025 TTF PRICE FORECAST IS NOW $13.10/MBTU (VERSUS $13.75 PREVIOUSLY)SAYS 2026 ASSUMPTION OF $11.25/MBTU AND MID-CYCLE PRICE OF $8.50/MBTU FROM 2027 REMAIN UNCHANGEDReuters
Fri, Apr 25
Chemical maker LyondellBasell misses quarterly profit estimate on weak volumes
April 25 (Reuters) - LyondellBasell LYB.N on Friday missed Wall Street's quarterly profit expectations, due to maintenance activity and lower volumes in its largest segment supplying raw materials to the automotive, construction and electronics industries.Shares of the petrochemicals manufacture...Reuters
Fri, Apr 25
RPT-BREAKINGVIEWS-Gold shines brighter as red, white and blue dull
By Gabriel Rubin WASHINGTON, April 24 (Reuters Breakingviews) - Gold is glistening more radiantly than ever. The yellow metal’s timeless hedge against economic turmoil has grown in value as investors increasingly fear the erosion of U.S. institutions and the country’s rule of law. It’s hardly a p...Reuters
Fri, Apr 25
Brent rises above $68 on trade hopes, sanctions – Commerzbank
The price of Brent oil rose to more than $68 per barrel this week, reaching its highest level since the announcement of reciprocal tariffs by US President Trump at the beginning of April, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Fri, Apr 25
GLOBAL LNG-Asian spot prices hold at 1-year low as demand remains tepid
By Emily Chow SINGAPORE, April 25 (Reuters) - Prices of Asian spot liquefied natural gas (LNG) inched up this week amid production outages in Asia and Europe, but were still hovering at nearly one-year lows on overall tepid demand. The average LNG price for June delivery into north-east Asia LNG-...Reuters
Fri, Apr 25
PRECIOUS-Gold slips amid hopes of easing US-China trade tensions
Fed officials see no rush in revising monetary policyGold headed for a weekly lossSilver, platinum headed for weekly gains By Rahul Paswan April 25 (Reuters) - Gold declined more than 1% on Friday and was headed for a weekly fall as news that China has exempted some U.S. goods from its tariffs ra...Reuters
Fri, Apr 25
RPT-COLUMN-Crop Watch: Trade war jitters may add some corn acres -Braun
By Karen Braun NAPERVILLE, Illinois, April 24 (Reuters) - Back for their eighth edition, the U.S. Crop Watch producers are off to their quickest-ever start on planting their corn and soybean fields.However, trade conflicts with top U.S. soybean and sorghum buyer China have a couple of farmers add...Reuters
Fri, Apr 25
WTO sets up dispute panel after Chinese complaint over EU car duties, trade official says
April 25 (Reuters) - The World Trade Organizations' dispute settlement body agreed to a request from China to set up a panel to review the European Union's duties on China-made electric vehicles, a Geneva-based trade official told Reuters on Friday.Reuters
Fri, Apr 25
Iran, Russia agree on 55 bcm of gas supplies, nuclear plant funding
Iran, Russia tighten cooperation in face of Western sanctionsIran seeks to improve ties with Russia in banking, agricultureTehran and Moscow eye 'gas hub' in IranRussia may ship 1.8 bcm of gas to Iran in 2025, price not agreedRussia may fund construction of a nuclear power plant in IranIrani...Reuters
Fri, Apr 25
GRAINS-Soybeans extend gains on signs of US-China tariff de-escalation
Soybeans up for fifth day, hit highest since early FebruaryTariff exemptions latest sign US, China may rein in trade warCorn, wheat recover from 2-week lows linked to crop weatherBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, April 25 (Reuters) - Chicago soybeans rose for a fifth session on F...Reuters
Fri, Apr 25
US refiner Phillips 66 posts bigger-than-expected quarterly loss
April 25 (Reuters) - Phillips 66 PSX.N reported a bigger-than-expected first-quarter loss on Friday, as lower refining margins amid a widespread maintenance and turnaround activity across the U.S. refining sector weighed on its performance.The Houston, Texas-based company posted an adjusted loss of ...Reuters
Fri, Apr 25
Mexico expands its largest port as it bets on global trade despite Trump's tariffs
Mexico expands Manzanillo port amid Trump's trade warsSheinbaum disputes IMF's forecast of economic contractionManzanillo port expansion to boost container and hydrocarbon capacityBy Diego DelgadoMANZANILLO, Mexico, April 25 (Reuters) - A massive expansion of Mexico's largest seaport is ...Reuters
Fri, Apr 25
ANALYSIS-Japan is a test case for Trump's tariff deals. But talks may be tortuous.
U.S. ally Japan seen as front runner to clinch dealSecond round of talks scheduled for next week Rice imports and auto tariffs among thorny itemsJapanese lawmakers wary of blowback as election loomsBy John Geddie, Yoshifumi Takemoto and Trevor Hunnicutt TOKYO/WASHINGTON, April 25 (Reuters) - Whe...Reuters
Fri, Apr 25
