News
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Germany's Merz floats possibility of EU-India trade deal by end of January
EU seeks tariff cuts on cars, medical devices, wine, spirits, and meatIndia aims for duty-free access for labour-intensive goods in EU trade dealGermany urges India to reduce reliance on Russian energy and armsBy Andreas Rinke AHMEDABAD, India, Jan 12 (Reuters) - German Chancellor Friedrich Merz ...Reuters
Mon, Jan 12
SOFTS-Cocoa prices hit 1-1/2 month lows on worries over demand
NEW YORK, Jan 12 (Reuters) - Cocoa futures on the ICE exchange hit their lowest in more than a month on Monday, amid concerns over flailing demand for the chocolate ingredient. Sugar and coffee also slipped, meanwhile. COCOANew York cocoa CCc1 fell 1.3% to $5,277 a metric ton, having earlier hi...Reuters
Mon, Jan 12
Gold Price Forecast: XAU/USD prints fresh record before consolidating below $4,600
Gold (XAU/USD) trades around $4,580 on Monday at the time of writing, up 1.60% on the day. The precious metal reached a new all-time high at $4,601.32 earlier in the day, extending a particularly strong bullish trend seen over recent weeks.
Fxstreet
Mon, Jan 12
Gold jumps to record highs amid Fed turmoil and rising geopolitical risks
Gold (XAU/USD) kicks off the week with strong upward momentum, surging to fresh record highs near the $4,600 psychological mark as renewed concerns over Federal Reserve (Fed) independence fuel broad risk aversion. At the time of writing, XAU/USD trades around $4,583, up nearly 1.70% on the day.Fxstreet
Mon, Jan 12
GRAINS-Chicago wheat, soybeans and corn rise ahead of USDA crop report
BEIJING/HAMBURG, Jan 12 (Reuters) - Chicago wheat, soybeans and corn futures rose on Monday as traders positioned ahead of the closely watched U.S. Department of Agriculture (USDA) crop reports, while news of more U.S. soybean sales to China also supported.Chicago Board of Trade most active soybeans...Reuters
Mon, Jan 12
RPT-PREVIEW-USDA may trim US soy export outlook in key crop reports, analysts say
By Julie Ingwersen CHICAGO, Jan 9 (Reuters) - Grain analysts expect the U.S. Department of Agriculture may trim what some believe were overly optimistic estimates for soybean export demand in the current crop year, especially given lower sales to China, when it releases closely watched crop repor...Reuters
Mon, Jan 12
US judge to consider Orsted's challenge to Trump offshore wind pause
Jan 12 (Reuters) - A U.S. judge on Monday will consider a request from Danish energy company Orsted ORSTED.CO for an injunction against the Trump administration's decision to halt its $5 billion Revolution Wind project off the coast of Rhode Island.The company's lawsuit is one of several fil...Reuters
Mon, Jan 12
LNG firm Venture Global lowers 2025 core profit forecast
Jan 12 (Reuters) - LNG firm Venture Global VG.N said on Monday it has lowered its full-year 2025 core profit forecast to between $6.18 billion and $6.24 billion.The company had previously forecast adjusted EBITDA to be in the range of $6.35 billion-$6.50 billion.Reuters
Mon, Jan 12
Trading houses beat US majors to first deals for Venezuelan oil
Vitol, Trafigura have global sales, shipping, logistics U.S. oil majors wary of legal, credit, physical risksVenezuelan oil stored on old ships, was heading to ChinaBy Dmitry Zhdannikov, Marianna Parraga and Shariq Khan LONDON, Jan 12 (Reuters) - Global oil trading houses have emerged as early wi...Reuters
Mon, Jan 12
Vitol, Trafigura offer Venezuelan oil to Indian, Chinese refiners for March delivery, sources say
By Nidhi Verma and Siyi Liu NEW DELHI/SINGAPORE, Jan 12 (Reuters) - Vitol and Trafigura have started discussions on Venezuelan crude oil sales with refiners in India and China for cargoes to be delivered in March, several trade sources said on Monday.The global commodities traders confirmed on Fr...Reuters
Mon, Jan 12
RPT-ROI-Big Oil offers reality check to Trump’s Venezuela dream: Bousso
By Ron Bousso LONDON, Jan 12 (Reuters) - Big Oil companies have injected a heavy dose of realism into U.S. President Donald Trump's plan to rapidly invest billions in Venezuela, pointing to complex security, commercial and legal requirements to revitalize the country’s crumbling oil industry....Reuters
Mon, Jan 12
Uber faces sexual assault trial in Arizona that puts its safety record under scrutiny
Uber faces over 3,000 similar lawsuits, but trial is first in US federal courtOutcome could impact resolution of remaining lawsuitsUber argues drivers are independent contractors, says it is not liable for their actionsBy Diana Novak Jones Jan 12 (Reuters) - Uber UBER.N is set to face trial this ...Reuters
Mon, Jan 12
FACTBOX-How silver is traded, from stocks and shares to coins and bars
Jan 12 (Reuters) - Silver has hit an all-time high of $84.60, tracking unprecedented gains in gold as the dollar slid after the Trump administration threatened a criminal probe into the Federal Reserve chairman, and on tight supply and high industrial interest.So how does silver trade?OVER THE COUNT...Reuters
Mon, Jan 12
Asia Fuel Oil-HSFO cash differentials trade in discounts
NEW DELHI, Jan 12 (Reuters) - Asia's high sulphur fuel oil (HSFO) spot differentials continued to trade in discounts on Monday although expectation of tight supply-demand fundamentals persisted amid Venezuelan oil reshuffling.Cash differentials for Asia 380-cst HSFO traded at a discount of $1.22...Reuters
Mon, Jan 12
Middle East Crude-Oman, Dubai weaken; Murban up
SINGAPORE, Jan 12 (Reuters) - Middle East crude benchmarks Oman and Dubai weakened on Monday, as traders assessed the supply outlook from Iran and efforts to resume oil exports from Venezuela.Oil prices dipped on Monday, after Iran said it had "total control" following weekend violence, easi...Reuters
Mon, Jan 12
Asia Naphtha/Gasoline-Naphtha prices rise, supported by Chinese buying
NEW DELHI, Jan 12 (Reuters) - Asia's naphtha prices extended last week's gains on Monday amid strong buying interest from China for second-half February cargoes, traders said.The price for second-half February naphtha rose by about $10 to $562.75 per ton and it traded $3.50 a ton higher than...Reuters
Mon, Jan 12
Oil rises on Iran unrest and Russia supply risks – ING
After a strong end to last week, the Oil market has continued to strengthen in early-morning trading today as protests in Iran escalate, raising concerns about supply. The Iranian government warned both the US and Israel not to intervene amid the ongoing unrest.Fxstreet
Mon, Jan 12
Tecnicas Reunidas And KBR Win Texas LNG Plant Development Project
Jan 12 (Reuters) - Tecnicas Reunidas SA TRE.MC:COASTAL BEND LNG SELECTS COMPANY FOR TEXAS LNG PLANT DEVELOPMENT UPON POSITIVE FINAL INVESTMENT DECISION, KBR AND TECNICAS REUNIDAS WILL EXECUTE ENGINEERING, PROCUREMENT AND CONSTRUCTION (EPC) OF PROJECTTO WORK IN FACILITY'S ENGINEERING DESIGN SERVI...Reuters
Mon, Jan 12
