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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 $62.22 per barrel, up from Wednesday’s close at $61.95.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $65.34 price posted on Wednesday, and trading at $65.54.
Fxstreet
Thu, Apr 17
METALS-Shanghai copper gains on US-Japan trade talks
By Anushree Mukherjee April 17 (Reuters) - Shanghai copper firmed on Thursday as investors assessed trade negotiations between the U.S. and Japan, which buoyed market sentiment.The most-traded copper contract on the Shanghai Futures Exchange (SHFE) SCFcv1 has risen by 0.4% to 75,860 yuan ($10,377...Reuters
Thu, Apr 17
COLUMN-Trade turmoil’s oil market bite is already leaving lasting scars: Bousso
U.S. shale drillers slowing activityIEA lowers US oil production forecasts for 2025Companies will likely delay new large project approvalsBy Ron Bousso LONDON, April 17 - Nimble U.S. oil producers are responding quickly to the economic turmoil sparked by President Donald Trump's trade war by ...Reuters
Thu, Apr 17
BP leadership faces shareholder vote amid Elliott campaign, climate ire
By Shadia Nasralla SUNBURY-ON-THAMES, England, April 17 (Reuters) - BP's BP.L board is up for re-election at its annual general meeting on Thursday as the group faces activist shareholder Elliott Management and climate-focused investors who have called for a vote against Chairman Helge Lund.B...Reuters
Thu, Apr 17
PRESS DIGEST- Wall Street Journal - April 17
April 17 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Federal Reserve Chair Jerome Powell said on Wednesday that the central bank may have limited ability to shield the economy from President ...Reuters
Thu, Apr 17
REFILE-GRAINS-Weak US dollar lifts wheat prices
CANBERRA, April 17 (Reuters) - Chicago wheat futures rose on Thursday, supported by a weak dollar and rain in U.S. cropping regions which, while giving a much-needed boost to soil moisture in many areas, is also disrupting the planting of spring crops. Soybeans also climbed after Bloomberg reported ...Reuters
Thu, Apr 17
WTI holds gains near $62.50 due to concerns over tighter global supply
West Texas Intermediate (WTI) crude Oil price extends its gains for a second consecutive day, trading around $62.40 per barrel during Asian hours on Thursday. The rally is fueled by concerns over tighter global supply following new US sanctions on Iran.Fxstreet
Thu, Apr 17
PRESS DIGEST-British Business - April 17
April 17 (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-Britain's Financial Reporting Council has opened an investigation into EY over its audit of Post Office Limi...Reuters
Thu, Apr 17
VEGOILS-Palm snaps three-session losing run on strong rival vegetable oils
JAKARTA, April 17 (Reuters) - Malaysian palm oil futures rose on Thursday, after hitting their lowest close since October 1 in the previous session, supported by strength in rival vegetable oils and a weaker ringgit.The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Deriv...Reuters
Thu, Apr 17
GRAINS-Weak US dollar lifts wheat prices
CANBERRA, April 17 (Reuters) - Chicago wheat futures rose on Thursday, supported by a weak U.S. dollar, although much-needed rains in the U.S. wheat belt kept a lid on gains. Soybeans also climbed after a Bloomberg report on Wednesday said that China would be open to trade negotiations with the Unit...Reuters
Thu, Apr 17
METALS-Shanghai copper gains on weaker dollar, improving Chinese economy
April 17 (Reuters) - Shanghai copper firmed on Thursday, as a softer dollar and improving economic data from top metals consumer China buoyed market sentiment.The most-traded copper contract on the Shanghai Futures Exchange (SHFE) SCFcv1 rose 0.5% to 75,940 yuan ($10,395.19)per ton, as of 0120 GMT....Reuters
Thu, Apr 17
Santos says Alaska oil project could start early while first-quarter revenue dips
Santos' shares rise 2.7% in early tradeMarkets cheer potential early Pikka startup — CitiFirst-quarter sales revenue down 7%By Aaditya GovindRao April 17 (Reuters) - Australian oil and gas producer Santos STO.AX said on Thursday it could potentially bring forward the startup for its Pikka pha...Reuters
Thu, Apr 17
India eyes ending import tax on US ethane and LPG in trade talks, sources say
By Nidhi Verma NEW DELHI, April 16 (Reuters) - India plans to end taxes on U.S. ethane and liquefied petroleum gas (LPG) imports under broader negotiations with Washington as it looks to reduce its trade surplus and ease its tariff burden, three sources familiar with the matter said.The proposal ...Reuters
Thu, Apr 17
Oil heads for weekly rise as US adds sanctions on Iran, OPEC cuts
SINGAPORE, April 17 (Reuters) - Oil prices extended gains on Thursday on the prospect of tighter supply after Washington imposed further sanctions to curb Iranian oil trade and as some OPEC producers pledged further output cuts to compensate for pumping above agreed quotas.Reuters
Thu, Apr 17
Valero books $1.1 bln impairment, may idle California refinery
April 16 (Reuters) - Valero Energy Corp VLO.N said on Wednesday it was taking a $1.1 billion pre-tax impairment related to its California refineries and told state regulators it would permanently shut or restructure its San Francisco-area refinery in Benicia, California by the end of April 2026.The ...Reuters
Thu, Apr 17
US issues new sanctions targeting Chinese importers of Iranian oil
Action comes as Trump administration has relaunched negotiations with IranSanctions target China-based small independent refinersAction also targets companies, vessels tied to Iran's 'shadow fleet'Chinese embassy says China will take necessary steps to safeguard its legitimate rights and...Reuters
Wed, Apr 16
Motiva restarts FCC at Port Arthur, Texas refinery, sources say
HOUSTON, April 16 (Reuters) - Motiva Enterprises MOTIV.UL restarted the gasoline-producing fluidic catalytic cracker (FCC) at its 626,000 barrel-per-day (bpd) Port Arthur, Texas refinery, people familiar with plant operations said on Wednesday. The FCC was operating at 69,300 bpd on Wednesday, or 86...Reuters
Wed, Apr 16
Over 100 employees leave US EIA, putting crucial energy data at risk, sources say
About 40% of EIA's staff take buyout offers, sources sayEIA's data reports often move global oil pricesAgency reviewing which reports it might have to stopBy Arathy Somasekhar and Stephanie Kelly HOUSTON, April 16 (Reuters) - The U.S. government's energy statistics arm is set to lose ...Reuters
Wed, Apr 16
