News
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PRECIOUS-Gold holds ground amid strong central bank demand, Fed rate cut prospects
China's central bank Deutsche Bank upgrades gold year-end forecast to $3,350/ozSilver up over 2% By Anmol Choubey April 7 (Reuters) - Gold prices held steady on Monday, bolstered by strong central bank demand and the potential for an early interest rate cut by the U.S. Federal Reserve.Spot go...Reuters
Mon, Apr 7
COMMODITIES-Oil drops to four-year low, metals fall on recession fears
Investors fear global trade war will hurt raw materials demandOil prices hit lowest since 2021 amid recession fearsGold prices fall as investors sell off assetsBy Anna Hirtenstein LONDON, April 7 (Reuters) - Oil slid around 3% on Monday to its weakest since 2021, while most commodity markets incl...Reuters
Mon, Apr 7
Germany's Mukran LNG terminal at 5% utilisation in Q1, says DUH
By Riham Alkousaa BERLIN, April 7 (Reuters) - Germany's liquefied natural gas (LNG) terminal in the Baltic Sea port of Mukran operated at 5% capacity in the first quarter of 2025, an analysis showed on Monday, amid local opposition and criticism over its environmental impact and excess capaci...Reuters
Mon, Apr 7
NORDIC POWER-Forward prices dip on rising water levels, lower gas rates
April 7 (Reuters) - Nordic forward power prices extended decline on Monday, weighed down by higher water reserves and lower European gas rates, while fear of a global recession due to U.S. president Donald Trump's tariffs kept investors on the edge.* The Nordic front-quarter baseload power contr...Reuters
Mon, Apr 7
WTI plunges to near $60 on fears of global economic turmoil
West Texas Intermediate (WTI) recovers some intraday losses in European trading hours on Monday after sliding extensively to near $58.80 earlier in the day, the lowest level seen in four years. The Oil price is still 3% down near $60.40, at the time of writing.
Fxstreet
Mon, Apr 7
RPT-COLUMN-Funds cling to bullish corn bets ahead of US tariff chaos: Braun
By Karen Braun NAPERVILLE, Illinois, April 6 (Reuters) - Speculators held on to their bullish Chicago corn bets in the days leading up to last Wednesday's U.S. tariff reveal.However, they still notched their sixth consecutive week as net sellers of the yellow grain as geopolitical uncertainti...Reuters
Mon, Apr 7
FACTBOX-Deutsche Bank raises average gold price forecasts for 2025 and 2026
April 7 (Reuters) - Deutsche Bank raised its average gold price forecasts for 2025 and 2026 to $3,139 and $3,700 per ounce respectively, driven by recent economic and geopolitical developments globally.The bank had previously forecast an average price of $2,725 for this year, and $2,900 for 2026. ...Reuters
Mon, Apr 7
Energy: Oil pricing in big demand hit – ING
Oil prices have had their worst week since October 2023, with risk assets getting hit by US President Donald Trump’s reciprocal tariffs and the retaliation we have started to see towards them. China retaliated on Friday with a 34% tariff on all imports from the US.Fxstreet
Mon, Apr 7
Delek Tyler, Texas, Refinery Reports Severe Weather Resulted In Excess Opacity on April 5
April 7 (Reuters) - Delek DK.N: REPORTS SEVERE WEATHER RESULTED IN EXCESS OPACITY ONLY AT TYLER, TEXAS, REFINERY ON APRIL 5REPORTS OPERATIONS WERE ADJUSTED TO MINIMIZE EMISSIONS TO THE BEST EXTENT POSSIBLEREFINERY CAPACITY: 74,000 BARRELS PER DAYSOURCE: TEXAS COMMISSION ON ENVIRONMENTAL QUALITY FIL...Reuters
Mon, Apr 7
Citi lowers 0-3 month Brent forecast to $60/barrel on tariff shock
April 7 (Reuters) - Citi Research on Monday lowered its 0-3 month Brent price forecast to $60 per barrel and also reduced its 0-3 month copper and aluminium price forecasts to $8,000 per metric ton and $2,200 per ton, respectively due to the latest tariff announcements.Last week, U.S. president Dona...Reuters
Mon, Apr 7
Phillips 66 Borger, Texas Refinery Reports Emissions on April 4-5
April 7 (Reuters) - Phillips 66 PSX.N:REPORTS EMISSIONS FROM 43 SRU INCINERATOR STACK EXCEEDED 500LBS OF SO2 DUE TO AN UPSET AT BORGER, TEXAS REFINERYREPORTS THE EVENT BEGAN ON 4/4/2025 AT 11:40 PM AND ENDED ON 4/5/2025 AT 3:55 PMREPORTS AN INVESTIGATION INTO THE CAUSE OF THE INCIDENT WILL BE CONDUC...Reuters
Mon, Apr 7
Germany's Mukran LNG terminal at 5% utilisation in Q1, says DUH
By Riham Alkousaa BERLIN, April 7 (Reuters) - Germany's liquefied natural gas (LNG) terminal in the Baltic Sea port of Mukran operated at 5% capacity in the first quarter of 2025, an analysis showed on Monday, amid ongoing local opposition and criticism over its environmental impact and exces...Reuters
Mon, Apr 7
EU Commission head discusses U.S. tariff response with auto, steel and pharma executives
By Julia Payne and Maggie Fick BRUSSELS/LONDON, April 7 (Reuters) - European Commission President Ursula von der Leyen held a call with metals industry representatives on Monday and was speaking to the automobile sector later to discuss how to respond to U.S. tariffs, sources and a letter showed....Reuters
Mon, Apr 7
Greece expects EU response on US tariffs, economy can withstand challenges, PM says
ATHENS, April 7 (Reuters) - Greece's economy can withstand the new challenges that U.S. tariffs pose, Prime Minister Kyriakos Mitsotakis said on Monday, as the country awaits a unified European Union stance on the matter.U.S. President Donald Trump's sweeping tariff plans hammered global fin...Reuters
Mon, Apr 7
METALS-China metals tumble on recession fears amid escalating trade war
SHANGHAI, April 7 (Reuters) - Base metal prices in China tumbled on Monday amid escalating trade war concerns and recession fears, while London metals flipped to a decline after rising on arbitrage trading.The most-traded copper contract on the Shanghai Futures Exchange (SHFE) dropped 7.0% to 73,640...Reuters
Mon, Apr 7
