News
Important Only
PRECIOUS-Gold steady with focus on US inflation data, Trump tariffs
Trump metal tariffs kick in, Europe retaliatesGold up 11% so far this year US CPI due at 1230 GMT By Sarah Qureshi March 12 (Reuters) - Gold prices were little changed on Wednesday, with the market's attention on a key U.S. inflation report due later in the day, while U.S. President Donald Tr...Reuters
Wed, Mar 12
RPT-COLUMN-Asia's coking coal imports slide in February, but recovery looms: Russell
By Clyde Russell LAUNCESTON, Australia, March 12 (Reuters) - Asia's seaborne imports of metallurgical coal dropped to the lowest in three years in February amid a slump in demand from top buyers China and India.However, the factors behind the loss of appetite for the type of coal used mainly ...Reuters
Wed, Mar 12
UK power group Drax not in breach of sustainability obligations, says Ofgem
March 12 - British energy regulator Ofgem said on Wednesday that it has not found evidence of a breach of sustainability obligations by power company Drax DRX.L, in the watchdog's review of reports prepared by auditor KPMG.Reuters
Wed, Mar 12
EXCLUSIVE-Ukraine bets on US LNG as gas import needs rise
Russia has attacked Ukrainian gas infrastructureUkraine needs to import gas to compensate for lost productionUkraine imports pipeline gas via Hungary, Poland, SlovakiaBy Pavel Polityuk KYIV, March 12 (Reuters) - Ukraine may import large volumes of U.S. gas this year via terminals in Germany, Gree...Reuters
Wed, Mar 12
World soybean stockpiles might be smaller than they seem: Braun
NAPERVILLE, Illinois, March 11 (Reuters) - Every oilseed trader is familiar with the present narrative: the world is awash with soybeans.It's true, global soybean stocks are set to hit record highs later this year. The situation is not exactly tight. But supplies are now expected to fall well...Reuters
Wed, Mar 12
Canada to announce C$29.8 bln in retaliatory tariffs on US
March 12 (Reuters) - Canada will announce C$29.8 bln in retaliatory tariffs on the United States on Wednesday in response to U.S. President Donald Trump's steel and aluminum tariffs, a Canadian official said.The official declined to be named.Reuters
Wed, Mar 12
NORDIC POWER-Forward prices gain on dry weather view, dip in water levels
March 12 (Reuters) - Nordic forward prices inched up on Wednesday, driven by forecasts of drier weather conditions and a dip in water reserves in the hydro-dependent region.* The Nordic front-quarter baseload power contract ENOFBLQc1 rose 0.2 euros to 21.07 euros per megawatt hour (MWh) as of 1040 G...Reuters
Wed, Mar 12
EUROPE GAS-Prices mixed on Ukraine ceasefire talks, colder weather
March 12 (Reuters) - Dutch and British wholesale gas prices were mixed on Wednesday morning, with colder weather spurring demand, and as the market awaits further clarity over a potential ceasefire in the Ukraine war after a recent step-up of attacks.The benchmark front-month contract at the Dutch T...Reuters
Wed, Mar 12
EIA reduces oil surplus estimates – ING
Despite the ongoing uncertainty in global markets, oil prices managed to settle higher yesterday, supported by the weaker USD. Even so, ICE Brent continues to trade below US$70/bbl and prices will likely remain sensitive to external developments. The oil market seems to be largely ignoring...Fxstreet
Wed, Mar 12
India's rapeseed output to fall 4.7% y/y with smaller area
MUMBAI, March 12 (Reuters) - India's rapeseed and mustard output is likely to fall 4.7% from last year to 11.52 million metric tons in 2024/25, as farmers reduced the area planted with the oilseed, a leading industry body said on Wednesday.The area of winter-sown oilseed fell to 9.2 million hect...Reuters
Wed, Mar 12
WTI advances to near $66.50, upside seems limited due to rising US growth concerns
West Texas Intermediate (WTI) Oil price gains ground for the second successive day, trading $66.40 during the European hours on Wednesday. However, Oil prices faced downward pressure amid rising demand concerns over a potential US economic slowdown and the impact of tariffs on global growth, which l
Fxstreet
Wed, Mar 12
PRECIOUS-Gold eases as dollar firms; US inflation data awaited
Gold in "consolidation mode" ahead of inflation data - analystU.S. consumer price index (CPI) data at 1230 GMTKyiv said it would By Anjana Anil March 12 (Reuters) - Gold eased on Wednesday as the dollar ticked up, while investors awaited U.S. inflation data to gauge the Federal Reserve...Reuters
Wed, Mar 12
EU to impose counter tariffs on $28 billion of US goods
By Philip Blenkinsop and Bart H. Meijer BRUSSELS, March 12 (Reuters) - The European Union will impose counter tariffs on 26 billion euros ($28 billion) worth of U.S. goods from next month, the European Commission said on Wednesday, ramping up a global trade war in response to blanket U.S. tar...Reuters
Wed, Mar 12
