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Silver Price Forecast: XAG/USD rebounds as geopolitical tensions keep markets cautious
Silver (XAG/USD) advances on Wednesday and trades around $77.70 at the time of writing, up 1.33% on the day. Silver is recovering after recent weakness as investors remain cautious amid persistent geopolitical tensions in the Middle East.
Fxstreet
Wed, Apr 22
AbbVie to build $1.4 billion manufacturing campus in North Carolina
April 22 (Reuters) - AbbVie ABBV.N will invest $1.4 billion to build a manufacturing campus in North Carolina, the drugmaker said on Wednesday, marking its biggest investment to date in a single site. The campus will serve as AbbVie's main U.S. hub for injectable drug manufacturing, supplying...Reuters
Wed, Apr 22
Europe Gasoline/Naphtha-Gasoline refining margins edge lower
LONDON, April 22 (Reuters) - Northwest European gasoline refinery profit margins fell slightly on Wednesday despite a draw on U.S. stockpiles.A total of 24,000 metric tons of E5 gasoline barges traded in the Argus window, with Exxon, Equinor, Varo and BP selling to TotalEnergies.An additional 4,000 ...Reuters
Wed, Apr 22
A complete ceasefire only makes sense if not violated by US naval blockade, Iran's top negotiator says
April 22 (Reuters) - Iran's parliament speaker and top negotiator Mohammad Baqer Qalibaf said on Wednesday that a complete ceasefire only made sense if it was not violated by the U.S. blockade of Iranian ports.Qalibaf said in a post on X that the reopening of the Strait of Hormuz was impossibl...Reuters
Wed, Apr 22
BP says reached out twice to union to resume Whiting talks, ready to bargain
April 22 (Reuters) - BP BP.L on Wednesday said it has reached out to the United Steelworkers union twice to resume labor negotiations at its Whiting refinery and has yet to receive a formal response.The company said it is ready to resume bargaining.Reuters
Wed, Apr 22
Chevron refinery in Pasadena, Texas reports crude oil spill
By Nicole Jao and Anushree MukherjeeNEW YORK, April 22 (Reuters) - Chevron CVX.N said on Wednesday a crude oil spill occurred at its 118,750 barrel-per-day oil refinery in Pasadena, Texas.The refinery experienced a spill from a crude-oil tank at its Red Bluff Tank Farm on Wednesday, the company said...Reuters
Wed, Apr 22
Chevron says Pasadena refinery crude spill contained on site
April 22 (Reuters) - Chevron Corp CVX.N:CHEVRON SAYS IT EXPERIENCED A LOSS OF CONTAINMENT FROM A CRUDE-OIL TANK AT THE PASADENA REFINERY'S RED BLUFF TANK FARM IN PASADENA, TEXAS APRIL 22SAYS THE SPILL IS CONTAINED ON-SITE AND CLEANUP IS UNDERWAYSAYS NO INJURIES OR OFFSITE IMPACTS HAVE BEEN REPOR...Reuters
Wed, Apr 22
METALS-Copper hits seven-week high after Trump extends Iran ceasefire
By Polina Devitt LONDON, April 22 (Reuters) - Copper prices rose to their highest in more than seven weeks on Wednesday as U.S. President Donald Trump's extension of a ceasefire with Iran improved overall risk sentiment, although uncertainty over the Middle East conflict lingered.Benchmark th...Reuters
Wed, Apr 22
United Airlines CEO plays down merger talk as White House signals skepticism
Kirby declines comment on merger reports, says remarks were read differently after rumorsAmerican rejects deal as Trump and advisers signal oppositionKirby points to partnerships and customer strategy, not consolidation, amid global competition concernsBy Rajesh Kumar Singh CHICAGO, April 22 (Reu...Reuters
Wed, Apr 22
US hoping for wider farm goods purchases deal from China in Trump's trip, Greer says
April 22 (Reuters) - The U.S. is aiming to get agreement on a broader range of farm goods purchases by China beyond soybeans during President Donald Trump's planned visit there next month, U.S. Trade Representative Jamieson Greer said on Wednesday."We're also looking to get a commitment ...Reuters
Wed, Apr 22
US Supreme Court rejects Enbridge challenge to Michigan pipeline case
Supreme Court rules Enbridge waited too long to seek federal venue for state's lawsuitEnbridge says it is committed to safe operation of pipelineOther litigation over Line 5 pipeline continuesBy Nate Raymond April 22 (Reuters) - The U.S. Supreme Court on Wednesday rejected Enbridge's ENB....Reuters
Wed, Apr 22
Gabon expects to sign production-sharing contracts with BP and Exxon within six months, minister says
By America Hernandez PARIS, April 22 (Reuters) - OPEC member Gabon expects to sign production-sharing contracts with BP BP.L and Exxon Mobil XOM.N in four to six months, the country's oil and gas minister Clotaire Kondja said on Wednesday at an African energy conference held in Paris. BP ...Reuters
Wed, Apr 22
United Airlines Exec Says Demand Environment To Date Remains Strong
April 22 (Reuters) - United Airlines Exec:LATE IN Q1, WE IMPLEMENTED 5 BROADLY SUCCESSFUL PRICE INCREASES, ALONG WITH INCREASE IN BAGGAGE FEES THAT BEGAN TO OFFSET JET FUEL PRICE INCREASEPRICE INCREASES IN RESPONSE TO THE INCREASED INVEST FUEL HAVE BEEN SIGNIFICANT AND ACROSS THE BOARDIN FIRST HALF ...Reuters
Wed, Apr 22
United CEO Says Yields Need To Rise 15%-20% To Offset Fuel Costs That May Remain Higher For Longer
April 22 (Reuters) - United Airlines CEO:AT THE MOMENT OUR GOAL IS DO WHATEVER IT TAKES TO RECOVER 100% OF INCREASE IN JET FUEL PRICES AS QUICKLY AS POSSIBLE, TO ACHIEVE DOUBLE DIGIT PRE-TAX MARGINS NEXT YEAROIL IS INCREDIBLY VOLATILE RIGHT NOW, BUT WE THINK WE'RE MOVING TOWARDS 100% PASS THROUG...Reuters
Wed, Apr 22
PRECIOUS-Gold rises on drop in Treasury yields, bargain-hunting
Gold rose 1% earlier in the sessionIran seizes two vessels in Strait of HormuzTrump has not set timeline for US-Iran ceasefire, source saysBy Ishaan Arora April 22 (Reuters) - Gold rose on Wednesday after dropping to more than a one-week low in the previous session, boosted by a fall in longer-da...Reuters
Wed, Apr 22
Crude oil spill at Chevron Pasadena refinery, no offsite impact
April 22 (Reuters) - A crude oil spill was reported at Chevron's 118,750 barrel-per-day Pasadena refinery in Texas, according to a community alert.The notice said the release occurred at the Red Bluff tank farm and that no community or offsite impacts had been observed. Enhanced area monitoring ...Reuters
Wed, Apr 22
United Airlines says fares may need to rise up to 20% to offset fuel surge
By Rajesh Kumar Singh CHICAGO, April 22 (Reuters) - United Airlines UAL.O CEO Scott Kirby said on Wednesday ticket prices may need to rise by as much as 15% to 20% to offset a surge in jet fuel costs, signaling a significant test of consumers' willingness to absorb higher fares as the industr...Reuters
Wed, Apr 22
EXCLUSIVE-EU-funded agency working with Metalshub on European critical minerals trading platform
Lack of benchmarks hinders investment - EIT RawMaterials CEOInitiative targets pilot launch within 12 monthsIt may expand to other Western countries eventuallyBy Eric Onstad LONDON, April 22 (Reuters) - An agency partly funded by the EU and digital platform Metalshub told Reuters they are working...Reuters
Wed, Apr 22
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