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Gold consolidates below all-time high as markets await US CPI
Gold (XAU/USD) treads water on Tuesday as the market shifts into wait-and-see mode ahead of the release of US inflation data at 13:30 GMT. At the time of writing, XAU/USD trades around $4,585, consolidating just below Monday’s record peak near $4,630.
Fxstreet
Tue, Jan 13
Gold hits new records as safe-haven demand surges – ING
Gold surged to fresh record highs above $4,600 an ounce as geopolitical tensions, fiscal uncertainty, and strong central bank buying fueled demand for safe-haven assets, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Tue, Jan 13
JERA on track for 20% ammonia co-firing at Hekinan coal power plant in FY29
JERA plans 20% ammonia co-firing at Hekinan in fiscal year starting in April 2029Project aimed at reducing carbon emissions JERA partners with CF Industries, Mitsui for ammonia production in LouisianaBy Yuka Obayashi HEKINAN, Japan, Jan 13 (Reuters) - Japan's biggest power generator JERA is o...Reuters
Tue, Jan 13
European Gas prices jump on cold weather and Iran risks – ING
European Natural Gas prices surged, with TTF rising 6.6% to above €30/MWh as colder weather boosted heating demand and unrest in Iran raised concerns over LNG and pipeline supplies, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Tue, Jan 13
Kazakhstan says CPC oil loadings continue via SPM-1
ALMATY, Jan 13 (Reuters) - Kazakhstan energy ministry said on Tuesday that oil loadings at the Russian Black Sea terminal used by the Caspian Pipeline Consortium (CPC) are being carried out via the first single point mooring (SPM-1).Four oil tankers near the terminal were hit by drones on Tuesday, R...Reuters
Tue, Jan 13
Oil: Geopolitics and disruptions fuel Oil rally – ING
Oil prices rallied for a third consecutive day yesterday, with ICE Brent trading close to US$64/bbl. The prompt ICE Brent timepsread has also strengthened through January amid growing supply risks, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Tue, Jan 13
Russia counters Trump's assertion over oil in Venezuela
Trump claims control over Venezuela's oil reserves Roszarubezhneft took over Rosneft's Venezuelan holdings in 2020Roszarubezhneft says it will continue working in Venezuela MOSCOW, Jan 13 (Reuters) - Oil assets that Russia develops in Venezuela belong to Russia, which will continue workin...Reuters
Tue, Jan 13
Clock ticks in Cuba as Trump cuts off Venezuelan oil
By Dave Sherwood and Marianna ParragaHAVANA/HOUSTON, Jan 13 (Reuters) - Cubans are bracing for impact after U.S. President Donald Trump vowed to cut off a lifeline of Venezuelan oil from reaching Cuba, setting up a siege scenario for an island already reeling from crippling blackouts and shortages....Reuters
Tue, Jan 13
RPT-ROI-Fighting the Fed, Trump tries credit easing by decree: Mike Dolan
By Mike Dolan LONDON, Jan 13 (Reuters) - By hook or by crook, U.S. President Donald Trump seems intent on cutting the cost of credit further - potentially stoking GDP growth already north of 4% and underscoring concerns about overheating the economy.Over the past week alone, Trump's administr...Reuters
Tue, Jan 13
Kazakhstan's oil output down 35% on January 1-12, source says
MOSCOW, Jan 13 (Reuters) - Oil and gas condensate output in Kazakhstan plunged by 35% on January 1-12 from December's average, a source familiar with the data told Reuters, mainly due to export constraints via a Black Sea's terminal.Kazakhstan's oil exports have been restrained following...Reuters
Tue, Jan 13
France deeply attached to central bank independence, finance minister tells Bessent and Powell
PARIS, Jan 13 (Reuters) - France is deeply attached to the independence of central banks, French Finance Minister Roland Lescure told Fed Chair Jerome Powell and U.S. Treasury Secretary Scott Bessent, he said on Tuesday."I told Secretary Bessent, and I obviously told Jerome Powell, that we are n...Reuters
Tue, Jan 13
Two oil tankers on roads at CPC terminal hit by drones on Tuesday, sources say
MOSCOW, Jan 13 (Reuters) - Two oil tankers waiting for the loading at the Caspian Pipeline Consortium terminal were hit by drones on Tuesday, two sources said.The tanker Delta Harmony is managed by Greece's Delta tankers, according to LSEG, and was expected to load oil from Tengizchevroil. The t...Reuters
Tue, Jan 13
Russian state company says its assets in Venezuela belong to Russia, TASS reports
MOSCOW, Jan 13 (Reuters) - Russia's Roszarubezhneft said on Tuesday that all company's assets in Venezuela are the property of Russia and it will continue sticking to its commitments to international partners in the South American country, TASS news agency reported.Roszarubezhneft, owned by ...Reuters
Tue, Jan 13
China's Sinograin sells out soybean auction ahead of US shipments
By Ella Cao and Naveen Thukral BEIJING/SINGAPORE, Jan 13 (Reuters) - China's state stockpiler Sinograin sold all 1.1 million metric tons of soybeans offered at its fourth auction since December on Tuesday, traders said, as it moves to draw down inventories ahead of incoming U.S. shipments.The...Reuters
Tue, Jan 13
TABLE-North Sea gas maintenance schedule: Adds Hill Top outage
Jan 13 (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
Tue, Jan 13
China extends tariffs on solar-grade polysilicon imports from US, South Korea
BEIJING, Jan 13 (Reuters) - China will maintain anti-dumping tariffs of up to 113.8% on solar-grade polysilicon imported from South Korea and the U.S. as well as anti-subsidy tariffs of up to 2.1% on U.S. imports for another five years, the commerce ministry said on Tuesday.Starting January 14, sola...Reuters
Tue, Jan 13
Ice closes Vienna airport, disrupts flights in Prague
VIENNA, Jan 13 (Reuters) - Icy conditions have forced staff to close Vienna International Airport until at least 11 a.m. (1000 GMT) on Tuesday and limit fights at Prague's Vaclav Havel Airport, both hubs said.A thick layer of ice had formed on runways in Vienna and kept freezing up again after e...Reuters
Tue, Jan 13
