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EUROPE GAS-Prices steady as weaker demand offsets Norwegian supply cuts
LONDON, May 27 (Reuters) - Dutch and British wholesale gas prices were little changed on Tuesday morning as warmer weather lowered demand and helped to offset weaker supply from Norway owing to maintenance at the Troll gas field.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was...
Reuters
Tue, May 27
Safe-Haven Demand Eases—Gold Retreats After Surging, Will the $3,000 Barrier Hold?
As safe-haven demand declines, gold prices are pulling back after recent highs, potentially testing the $3,000 level.
Gold
TradingKey
Tue, May 27
OPEC+ must be mindful of rising oil demand, UAE energy minister says
ABU DHABI, May 27 (Reuters) - The OPEC+ oil producer group is doing its best to balance the market but needs to be mindful of rising demand, United Arab Emirates Energy Minister Suhail Mohamed Al Mazrouei said at a forum in Abu Dhabi on Tuesday.
Reuters
Tue, May 27
SOCAR, Gunvor, Bin Butti to bid for refiner Italiana Petroli, sources say
MILAN, May 27 (Reuters) - State Oil Company of Azerbaijan (SOCAR), global commodity trader Gunvor and Abu Dhabi-based Bin Butti Group are expected to submit binding offers for Italian oil refiner Italiana Petroli (IP) next week, two sources close to the deal said on Tuesday. IP, also known as API Gr...
Reuters
Tue, May 27
WTI falls to near $61.00 as traders expect OPEC+ to increase Oil output
West Texas Intermediate (WTI) Oil price remains subdued for the second successive session, trading around $61.10 per barrel during the early European hours on Tuesday.
WTI
Fxstreet
Tue, May 27
METALS-London metals dip on weak China demand, soft dollar caps slide
By Michele Pek SINGAPORE, May 27 (Reuters) - London metals edged lower on Tuesday amid weaker copper demand in top consumer China, although a softer dollar cushioned the fall.Three-month copper on the London Metal Exchange CMCU3 fell 0.33% to $9,578.5 per metric ton by 0719 GMT.Downstream purchas...
Reuters
Tue, May 27
Harmony Gold agrees to buy Australian Mac Copper for $1 billion
By Felix Njini JOHANNESBURG, May 27 (Reuters) - Harmony Gold HARJ.J, South Africa's top gold producer by volume, has agreed to buy Australian miner Mac Copper Ltd MTAL.N in a deal worth $1.03 billion as it steps up a diversification into copper. Johannesburg-based Harmony said it is offering...
Reuters
Tue, May 27
Oil falls as higher OPEC+ output expectations weigh on sentiment
May 27 (Reuters) - Oil prices slipped for a second session on Tuesday on increasing expectations members of the Organisation of Petroleum Exporting Countries and their allies, known as OPEC+, will decide to increase their output at a meeting later this week.
Reuters
Tue, May 27
RPT-ANALYSIS-Japan poised to sweeten offshore wind rules as players get cold feet
Japan needs to revive offshore wind plan to meet 2040 target Developers secured for one-tenth of targeted 45 GW capacity Industry seeks rule changes to offset soaring costs, price risks By Katya Golubkova and Yuka Obayashi TOKYO, May 26 (Reuters) - Japan is likely to sweeten terms for developers...
Reuters
Tue, May 27
Harmony Gold agrees to buy Australian miner Mac Copper for $1 billion
JOHANNESBURG, May 27 (Reuters) - Harmony Gold HARJ.J, South Africa's largest gold producer by volume, agreed to buy Australian miner Mac Copper Ltd MTAL.N in a deal worth $1.03 billion.
Reuters
Tue, May 27
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Tuesday, early in the European session. WTI trades at $61.11 per barrel, down from Monday’s close at $61.35.
WTI
Fxstreet
Tue, May 27
COLUMN-Saudi's refining boom helps it weather oil price war: Bousso
Saudi refining rises to seasonal all-time high in MarchWhile kingdom's crude oil exports declineStrong refining profits can offset revenue loss from weak crude pricesBy Ron Bousso LONDON, May 27 (Reuters) - Saudi Arabia has been cranking up oil refining operations to capture strong profit mar...
Reuters
Tue, May 27
PRECIOUS-Gold dips as dollar firms, investors eye US fiscal woes, rate signals
Dollar regains strength after hitting one-month low. U.S. core PCE price index due on Friday.
Reuters
Tue, May 27
PRESS DIGEST-New York Times business news - May 27
May 27 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Four former Volkswagen VOWG.DE executives, who were responsible for engine technology, were found guilty of fraud charges on Monda...
Reuters
Tue, May 27
PREVIEW-Sony to make case for finance arm spin-off in latest corporate transformation
Sony to hold investor day on Thursday setting out financial business strategyCompany took full control of financial unit just four years agoFocus on entertainment has received plaudits from investors By Sam Nussey TOKYO, May 27 Reuters) - Sony 6758.T will on Thursday lay out the growth strategy f...
Reuters
Tue, May 27
EXCLUSIVE-Toyota to move some GR Corolla production to Britain, sources say
Toyota to transfer production of North America-bound GR Corolla from JapanTo spend $56 million on dedicated line, dispatch engineers from JapanMove is aimed at using excess capacity in BritainBy Maki Shiraki TOKYO, May 27 (Reuters) - Toyota 7203.T is moving some production of its GR Corolla sport...
Reuters
Tue, May 27
India Gold price today: Gold falls, according to FXStreet data
Gold prices fell in India on Tuesday, according to data compiled by FXStreet.
Gold
Fxstreet
Tue, May 27
Gold price consolidates below two-week high; bullish potential seems intact
Gold price (XAU/USD) struggles to gain any meaningful traction and oscillates in a narrow band during the Asian session on Tuesday amid mixed fundamental cues.
Gold
Fxstreet
Tue, May 27
METALS-London metals edge lower on weak China demand; soft dollar caps slide
By Michele Pek SINGAPORE, May 27 (Reuters) - London metals edged lower on Tuesday amid weaker copper demand in top consumer China, although a softer dollar cushioned the fall.Three-month copper on the London Metal Exchange CMCU3 nudged 0.31% lower to $9,580.5 per metric ton by 0402 GMT.Downstream...
Reuters
Tue, May 27
Silver Price Forecast: XAG/USD holds losses below $33.50 due to fading safe-haven demand
Silver price (XAG/USD) loses ground after registering gains in the previous two sessions, trading around $33.40 per troy ounce during the Asian hours on Tuesday.
Silver
Fxstreet
Tue, May 27
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