News
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Intercontinental Exchange to extend trading hours for EU gas and power
LONDON, Jan 8 (Reuters) - The Intercontinental Exchange ICE.N will extend its daily trading hours for European gas and power contracts by February 23, it said in a circular late on Wednesday.Europe is increasingly relying on globally traded liquefied natural gas to meet demand, with the U.S. emergin...Reuters
Thu, Jan 8
WTI rises as US Crude Oil stockpiles drop sharply, Venezuelan exports eyed
West Texas Intermediate (WTI) US Oil trades around $56.70 on Thursday at the time of writing, up 0.90% on the day. WTI prices rebound, supported by the release of inventory data showing a sharp decline in US Crude Oil stockpiles.
Fxstreet
Thu, Jan 8
IATA - Air Passenger Demand rose 5.7% in November 2025
Jan 8 (Reuters) - 5.7% AIR PASSENGER DEMAND GROWTH IN NOVEMBER 2025 - IATADOMESTIC DEMAND INCREASED 2.7% COMPARED TO NOVEMBER 2024 - IATADOMESTIC U.S. TRAFFIC WAS THE ONLY MAJOR MARKET TO SEE A FALL IN DEMAND, PERHAPS DUE TO THE GOVERNMENT SHUTDOWN - IATANOV TOTAL DEMAND, MEASURED IN CARGO TONNE-KIL...Reuters
Thu, Jan 8
Gold extends losses as traders lock in gains
Gold (XAU/USD) remains under pressure on Thursday, with prices extending their pullback for a second consecutive day as bullish momentum fades following a rejection near the $4,500 psychological barrier. At the time of writing, XAU/USD trades near $4,425, down nearly 0.60%.Fxstreet
Thu, Jan 8
PRECIOUS-Gold falls as commodity index rebalancing sparks selling pressure
Annual Commodity Index rebalancing begins this weekU.S. job openings dropped to 14-month low in NovemberHSBC sees gold at $5,000/oz in H1; silver at $58–$88 in 2026By Pablo Sinha Jan 8 (Reuters) - Gold prices fell on Thursday as investors braced for futures selling tied to a commodity index resh...Reuters
Thu, Jan 8
Cubans brace for more hardship as US pressure on Venezuela chokes off oil
Cubans fear worsening blackouts, economic crisisUS seizes more oil tankers linked to VenezuelaVenezuela supplies about 50% of Cuba's oil deficitResidents voice fear, anger, and defiance as supplies tighten MATANZAS, Cuba, Jan 8 (Reuters) - Cubans braced for a deepening economic crisis after t...Reuters
Thu, Jan 8
Iraq to nationalise West Qurna 2 oilfield operations, government says
Russia's Lukoil a 75% stakeholder in operationsLukoil facing Jan 17 US deadline to sell foreign assetsOilfield one of the world's largestBasra Oil Co to run field for a year, look for buyers of stake Jan 7 (Reuters) - Iraq's cabinet has approved plans to nationalise operations at the ...Reuters
Thu, Jan 8
US West Coast jet fuel's premium to Asia near its widest in nearly two years
US West Coast jet fuel prices nearly $40 a barrel higher than Asia Supply curtailment in US West Coast is main supportive factor Asian markets are sufficiently suppliedBy Trixie Yap and Shariq Khan Jan 8 (Reuters) - The premium for prompt U.S. West Coast jet fuel to Asia has reached its widest in...Reuters
Thu, Jan 8
US container imports dropped 5.9% in December on continued China slump, Descartes says
By Lisa Baertlein LOS ANGELES, Jan 8 (Reuters) - U.S. container imports fell 5.9% in December to end the year down 0.4% from 2024 after President Donald Trump's tariff policies slashed shipments from China, shook up global trade and fueled inflation fears, supply chain technology provider Des...Reuters
Thu, Jan 8
Galp, Moeve in talks to merge refining, fuel retail businesses into European giant
Any deal would exclude Galp's upstream businessCombined entities would have refining capacity of 700,000 bpdWould include 3,500 fuel retail sites in southern EuropeBy Shadia Nasralla and Sergio Goncalves LONDON/LISBON, Jan 8 (Reuters) - Portuguese energy firm Galp GALP.LS and private equity-b...Reuters
Thu, Jan 8
EEX energy bourse to see change at helm on August 1, 2026
FRANKFURT, Jan 8 (Reuters) - The European Energy Exchange (EEX) said on Thursday that Tobias Paulun will become its new chief executive from August 1, following Peter Reitz who has held the position for 15 years and will remain on the supervisory boards of subsidiaries Nodal and EPEX SPOT.Paulun wil...Reuters
Thu, Jan 8
PRECIOUS-Gold falls as commodity index rebalancing sparks selling pressure
Commodity Index rebalancing to run from January 9 to 15U.S. job openings dropped to 14-month low in NovemberHSBC sees gold at $5,000/oz in 1H’26; silver at $58–$88 in 2026By Pablo Sinha Jan 8 (Reuters) - Gold prices fell on Thursday as investors braced for futures selling tied to a commodity ind...Reuters
Thu, Jan 8
IATA - Nov 2025 Air Cargo Total Demand Rose 5.5% YoY
Jan 8 (Reuters) - IATA:NOV TOTAL DEMAND, MEASURED IN CARGO TONNE-KILOMETERS (CTK), ROSE BY 5.5% COMPARED TO NOVEMBER 2024 LEVELSNOV CAPACITY, MEASURED IN AVAILABLE CARGO TONNE-KILOMETERS (ACTK), INCREASED BY 4.7% COMPARED TO NOVEMBER 2024Further company coverage: [ ]Reuters
Thu, Jan 8
Galp, Moeve in talks to combine refining, fuel retail businesses
Agreement is non-bindingCombined entities would have refining capacity of 700,000 bpdCombined entities would include 3,500 fuel retail sites in southern EuropeBy Shadia Nasralla and Sergio GoncalvesJan 8 (Reuters) - Portuguese energy firm Galp GALP.LS and private equity-backed Moeve are in talks to ...Reuters
Thu, Jan 8
Singapore fuel oil stockpiles ease to three-week lows
SINGAPORE, Jan 8 (Reuters) - Onshore fuel oil stockpiles in Singapore dipped to their lowest in three weeks after imports slowed, data showed on Thursday. Inventories were at 25.41 million barrels (about 4 million metric tons) in the week to January 7, down 5% from the previous week, based on data f...Reuters
Thu, Jan 8
EU regrets US withdrawal from UN climate treaty
Jan 8 (Reuters) - The EU regretted the decision by the United States to withdraw from the U.N.'s key climate treaty (UNFCC), EU Climate Commissioner Wopke Hoekstra said on Thursday."The UNFCCC underpins global climate action. It brings countries together to support climate, reduce emissions,...Reuters
Thu, Jan 8
