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Mercuria expects China to return to buying oil within weeks after heavy sales during Iran crisis
LAUSANNE, Switzerland, April 21 (Reuters) - China will have to return to buying large volumes of oil within three weeks after being a big seller during the peak of the Iran supply crisis, the head of Mercuria, one of the world's largest energy traders, told the FT Commodities Summit.Marco Dunand...
Reuters
Tue, Apr 21
Goldman Sachs maintains 2026 copper price, surplus forecasts
April 21 (Reuters) - Goldman Sachs on Tuesday maintained its forecast for the copper price to average $12,650 per metric ton this year and its estimate of a 490,000-ton 2026 surplus for the metal.However, the bank flagged risks to copper supply from potential sulphuric acid shortages should disrupti...
Reuters
Tue, Apr 21
WTI Crude Oil holds firm on US-Iran diplomacy hopes amid Strait of Hormuz supply threats
West Texas Intermediate (WTI) US Oil trades around $98.25 at the time of writing on Tuesday, up 0.21% on the day.
WTI
Fxstreet
Tue, Apr 21
Halliburton flags higher costs from Iran war as first-quarter profit tops estimates
By Vallari Srivastava April 21 (Reuters) - U.S. oilfield services provider Halliburton warned disruptions caused by the Iran war and the closure of the Strait of Hormuz could cut current-quarter earnings per share by about 7 to 9 cents after beating first-quarter profit estimates.The Strait of Ho...
Reuters
Tue, Apr 21
Gold: Conflict path drives next leg – TD Securities
TD Securities' Senior Commodity Strategist Daniel Ghali frames Gold within what he calls the Hegemon trade, tied to perceptions of US power and fiscal sustainability.
Gold
Fxstreet
Tue, Apr 21
Pakistan still awaiting Iran's confirmation on second round of talks, minister says
April 21 (Reuters) - Pakistan is still awaiting a formal response from Iran about confirmation of delegation to attend a second round of peace talks with the U.S. in Islamabad, the country's Information Minister Attaullah Tarar said in a post on X."Decision from Iran to attend the talks bef...
Reuters
Tue, Apr 21
Keurig, Nestlé extend deal to distribute Starbucks products
NEW YORK, April 21 (Reuters) - Beverage company Keurig Dr Pepper KDP.O and Nestlé USA said on Monday they have expanded a partnership that includes manufacturing and distribution of Starbucks-branded coffee products in the United States and Canada.The agreement extends a deal first struck in 2020 to...
Reuters
Tue, Apr 21
Russia's Rosatom in talks with Turkish firms on Akkuyu nuclear plant stakes
MOSCOW, April 21 (Reuters) - Russia's state nuclear corporation Rosatom has begun talks with Turkish companies on joint ownership of Turkey's first nuclear power plant, after the Iran war spurred interest in such assets.Turkey's 4.8-gigawatt Akkuyu nuclear power plant project, costing mo...
Reuters
Tue, Apr 21
Shipping traffic through Hormuz still largely halted
Hundreds of ships and 20,000 seafarers stranded in Gulf due to ongoing blockadeUN shipping agency chief Arsenio Dominguez warns against risking seafarers' livesCeasefire prospects dim as Tehran refuses new talks, US seizes Iran-linked tankerBy Jonathan Saul LONDON, April 21 (Reuters) - Shippi...
Reuters
Tue, Apr 21
US judge blocks Trump administration actions stymieing wind, solar projects
By Nate Raymond BOSTON, April 21 (Reuters) - A federal judge on Tuesday blocked President Donald Trump's administration from enforcing a series of permitting policies that wind and solar energy industry groups say have stymied the development of new energy generation projects.Chief U.S. Distr...
Reuters
Tue, Apr 21
EU weighs more US jet fuel, cleaner aviation amid Iran war strains
European Commission sets up 'fuel observatory' starting with jet fuelCommission sees no sign of widespread flight cancellations in coming monthsTransport commissioner says EU ready to welcome tourists this summer IAG and DHL say no supply disruptions yet, but face rising costsBy Julia Payne ...
Reuters
Tue, Apr 21
Japan gets bulk of Russian LNG from Sakhalin-2 in 2025
MOSCOW, April 21 (Reuters) - Japan acquired 58% of liquefied natural gas supplies from Russia's Sakhalin-2 plant in 2025 and also bought oil from the project for the first time since 2022, according to the project's operator, Sakhalinskaya Energia.Japan, like other G7 countries, has reduced ...
Reuters
Tue, Apr 21
Halliburton Expects Revenue Growth In Mid To High Single Digits For The Full Year- Conf Call
April 21 (Reuters) - HALLIBURTONHAL.N:SAYS CLOSURE OF THE STRAIT OF HORMUZ HAS RESULTED IN USE OF ALTERNATIVE SUPPLY CHAIN ROUTES, WHICH HAS INCREASED LOGISTICS COSTS: CONF CALLSAYS IT HAS SEEN PRICE INCREASES IN PURCHASE MATERIALS AND SUPPLIES DUE TO THE MIDDLE EAST CONFLICT: CONF CALLHALLIBURTON E...
Reuters
Tue, Apr 21
Congo not having major diesel supply problems, says Ivanhoe Mines Founder
LONDON, April 21 (Reuters) - Copper producer the Democratic Republic of Congo is not having severe diesel supply problems because of the Iran war, Ivanhoe Mines founder Robert Friedland said on Tuesday when asked at the FT Commodities Global Summit about the impact of diesel shortages on mining oper...
Reuters
Tue, Apr 21
PRECIOUS-Gold slips on firm dollar ahead of tentative US-Iran talks
Gold slips for second session after one-week low on MondayUS confident of talks resuming, Iran demands ship releaseFed Chair nominee Kevin Warsh confirmation hearing dueBy Ishaan Arora April 21 (Reuters) - Gold prices fell as the dollar firmed, investors remaining cautious as they looked to tenta...
Reuters
Tue, Apr 21
Halliburton flags higher supply rerouting, input costs on Middle East tensions
By Vallari Srivastava and Anushree MukherjeeApril 21 (Reuters) - Halliburton HAL.N said on Tuesday that rerouting due to the closure of the Strait of Hormuz has increased logistics costs for the oilfield services firm, with the Middle East conflict also pushing up raw material prices.The company sai...
Reuters
Tue, Apr 21
Oil: Market optimism underprices supply risks – ING
ING analysts Warren Patterson and Ewa Manthey say Oil is trading on hopes of progress in US–Iran peace talks, while ongoing disruptions through the Strait of Hormuz keep supply risks elevated.
Fxstreet
Tue, Apr 21
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
April 21 (Reuters) - A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise their financial outlooks.Jet fuel prices have soared from $85 to $90 per barrel to $150 to $200 per barrel in recent weeks, a fi...
Reuters
Tue, Apr 21
CBOT Trends-Wheat down 2-3 cents, corn steady-up 2, soybeans up 4-6
CHICAGO, April 21 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday: WHEAT - Down 2 to 3 cents per bushelWheat edged down as weather updates in the U.S. Plains showed some poten...
Reuters
Tue, Apr 21
PRECIOUS-Gold slips on firm dollar ahead of tentative US-Iran talks
Gold slips for second session after one-week low on MondayUS confident of talks resuming, Iran demands ship releaseFed Chair nominee Kevin Warsh confirmation hearing dueBy Ishaan Arora April 21 (Reuters) - Gold prices fell as the dollar firmed, while investors remained cautious as they look to te...
Reuters
Tue, Apr 21
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