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Venezuelan Oil output drops under US sanctions – Commerzbank
US sanctions and blockades contributed to a decline in Venezuelan Oil production to 830,000 barrels per day in December, about 130,000 barrels lower than November, while overall OPEC production remained stable at around 29 million barrels per day, Commerzbank's commodity analyst Barbara Lambrecht no
Fxstreet
Fri, Jan 9
Jewellery maker Pandora hit by weak US holiday shopping
Pandora cuts 2025 sales growth forecast to 6% from 7-8%Pandora shares down 10% to lowest level since June 2023US consumer sentiment lowest in many years, new CEO saysPandora plans new designs, marketing to lure shoppers By Anna Ringstrom and Helen Reid STOCKHOLM, Jan 9 (Reuters) - Pandora PNDORA....Reuters
Fri, Jan 9
Silver trades cautiously ahead of US employment report amid mixed drivers
Silver (XAG/USD) trades modestly higher on Friday, with the white metal hovering around $77.70 at the time of writing, up 1.10% on the day. Silver consolidates its recent gains as investors remain cautious ahead of the release of the US Nonfarm Payrolls (NFP) report later in the day.
Fxstreet
Fri, Jan 9
US in process of seizing Olina tanker in the Caribbean, US official says
WASHINGTON, Jan 9 (Reuters) - The U.S. is in the process of seizing the Olina tanker in the Caribbean near Trinidad in the fifth such interdiction of ships in recent weeks as part of Washington's efforts to control Venezuelan oil exports, a U.S. official said on Friday.The Olina, which according...Reuters
Fri, Jan 9
OPEC oil output falls in December on Iran and Venezuela, Reuters survey finds
By Alex Lawler LONDON, Jan 9 (Reuters) - OPEC's oil output fell in December due to lower supply from Iran and Venezuela, which offset an OPEC+ agreement to raise production for the month, a Reuters survey found on Friday.The Organization of the Petroleum Exporting Countries pumped 28.40 mill...Reuters
Fri, Jan 9
RPT-BREAKINGVIEWS-Rio-Glencore would be M&A gift that keeps giving
By Antony Currie MELBOURNE, Jan 9 (Reuters Breakingviews) - M&A bankers will be rubbing their hands with glee at the news Rio Tinto RIO.L RIO.AX and Glencore GLEN.L are back in preliminary talks. The mining giants said on Thursday they're discussing a number of options, including a full,...Reuters
Fri, Jan 9
US Commerce Secretary, New Delhi give differing accounts of breakdown in India trade talks
By Shivangi Acharya and Shivam Patel NEW DELHI, Jan 9 (Reuters) - India's trade pact with the United States stalled last year because Prime Minister Narendra Modi did not make a telephone call to President Donald Trump ahead of a deal, Commerce Secretary Howard Lutnick said on Friday, giving...Reuters
Fri, Jan 9
Gold consolidates as traders brace for US NFP
Gold (XAU/USD) trades little changed on Friday as markets turn cautious ahead of the US Nonfarm Payrolls (NFP) report due at 13:30 GMT. At the time of writing, XAU/USD trades around $4,470, consolidating after bouncing from the $4,400 region on Thursday.
Fxstreet
Fri, Jan 9
Ambani's Reliance Jio considers 2.5% public offering in 2026 India IPO, sources say
Ambani's Reliance Jio IPO is India's most awaited in 2026Reliance waiting for regulation change as it is eager to list only 2.5%, sources sayJefferies has valued the business at $180 billion Ambani has said target for listing is first half of 2026By Amy-Jo Crowley, Jayshree P Upadhyay, Kane...Reuters
Fri, Jan 9
Gold Price Forecast: XAU/USD picks up within range aiming for $4,500
Gold (XAU/USD) sellers were halted at the $4,400 support area on Thursday, and bounced up to the highest range of the $4,400s, aiming for the $4,500 area with precious metals buoyed amid a moderate risk aversion on Friday.Fxstreet
Fri, Jan 9
GRAINS-Soybeans rise with China demand in focus
By Daphne Zhang and Gus Trompiz BEIJING/PARIS, Jan 9 (Reuters) - Chicago soybean futures rose on Friday to stay on track for a weekly gain, bolstered by higher oil prices and continued Chinese demand for U.S. supplies. Wheat and corn eased after reaching their highest in over a week on Thursday, ...Reuters
Fri, Jan 9
Meta strikes nuclear power agreements with three companies
Agreements to provide up to 6.6 gigawatts of power, Meta saysMeta strikes 20-year power purchase agreements with VistraSupports development of small nuclear reactors By Timothy Gardner WASHINGTON, Jan 9 (Reuters) - Meta Platforms META.O said on Friday it struck 20-year agreements to buy power fr...Reuters
Fri, Jan 9
CORRECTED-GLOBAL LNG-Asia spot prices slip on tepid demand
By Emily ChowSINGAPORE, Jan 9 (Reuters) - Asia spot liquefied natural gas prices edged lower this week, weighed by tepid demand in the region and ample supply conditions.The average LNG price for February delivery into Northeast Asia LNG-AS was estimated at $9.50 per million British thermal units (m...Reuters
Fri, Jan 9
How Trump's tariffs ricochet through a Southern California business park
Tariffs impact businesses in Rye Canyon differentlySupreme Court may rule on Trump's emergency tariffs soonSome businesses adapt, others struggle with tariff costsBy Timothy AeppelVALENCIA, California, Jan 9 (Reuters) - America's trade wars forced Robert Luna to hike prices on the rustic woo...Reuters
Fri, Jan 9
Meta strikes nuclear power agreements with three companies
Agreements to provide up to 6.6 gigawatts of power, Meta saysMeta strikes 20-year power purchase agreements with VistraSupports development of small nuclear reactors By Timothy Gardner WASHINGTON, Jan 9 (Reuters) - Meta Platforms META.O said on Friday it struck 20-year agreements to buy power fr...Reuters
Fri, Jan 9
FACTBOX-White House gathers oil majors, traders, drillers on Venezuela
By Jarrett RenshawJan 9 (Reuters) - The White House is convening a meeting on Friday with major U.S. and international oil companies to discuss potential investment in Venezuela’s energy sector, as the administration weighs ways to revive crude output in the sanctions-hit country, according to a Whi...Reuters
Fri, Jan 9
