News
Important Only
Sumitomo Corp's energy unit mulls Singapore LNG trading desk
TOKYO, Jan 8 (Reuters) - The energy trading unit of Japan's Sumitomo Corp 8053.T is in early stages of exploring setting up a liquefied natural gas trading desk in Singapore, said a company spokesperson on Thursday.U.S.-based Pacific Summit Energy, which had set up an LNG trading desk in London ...Reuters
Thu, Jan 8
TECHNICALS-CBOT soybeans neutral in $10.57-3/4 to $10.70 range, biased to fall
For more technical analyses, please click SINGAPORE, Jan 8 (Reuters) - The CBOT soybean March contract SH26 looks neutral in a range of $10.57-3/4 to $10.70 per bushel, and an escape could suggest a direction.A break above $10.70 may lead to a gain into $10.75-3/4 to $10.81-1/2 range. After the mark...Reuters
Thu, Jan 8
Shell narrows outlook for third-quarter LNG output
LONDON, Jan 8 (Reuters) - Shell SHEL.L narrowed its projected range for fourth-quarter liquefied natural gas production to between 7.5 million metric tons and 7.9 million tons in a trading update on Thursday.It previously forecast 7.4 million to 8 million tons.Reuters
Thu, Jan 8
RPT-ROI-Trump’s ‘Donroe Doctrine’ targets China, US oil firms could pay the price: Bousso
By Ron Bousso LONDON, Jan 8 (Reuters) - President Donald Trump plans to import previously sanctioned Venezuelan oil into the U.S., tearing up the global energy playbook and underscoring the seriousness of the administration’s ambition to dominate the Western Hemisphere.China may be the ultimate t...Reuters
Thu, Jan 8
TABLE-North Sea gas maintenance schedule: Revises Rough storage facility outage
Jan 8 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAGE...Reuters
Thu, Jan 8
PRESS DIGEST- New York Times business news - January 8
Jan 8 (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.- Google GOOGL.O and chatbot maker Character.AI agreed to settle a lawsuit accusing them of providing harmful chatbots that allegedly...Reuters
Thu, Jan 8
WTI declines to near $56.00 as Venezuelan oil deal overshadows US inventory drawdown
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.05 during the early European trading hours on Thursday. The WTI price declines on US President Donald Trump statements on Venezuelan oil.
Fxstreet
Thu, Jan 8
Chevron in talks with US for expanded Venezuela oil license, sources say
Oil producer Chevron CVX.N is in talks with the U.S. government to expand a key license to operate in Venezuela so it can increase crude exports to its own refineries and sell to other buyers, four sources close to the negotiations said on Wednesday.Reuters
Thu, Jan 8
AI to boost copper demand 50% by 2040, but more mines needed to ensure supply, S&P says
Growth in the artificial intelligence and defense sectors will boost global copper demand 50% by 2040, but supplies are expected to fall short by more than 10 million metric tons annually without more recycling and mining, the consultancy S&P Global SPGI.N said on Thursday.Reuters
Thu, Jan 8
PRESS DIGEST-British Business - January 8
Jan 8 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The TimesThe UK government will receive a patriotic gift of more than 600 million pounds ($807.60 million) to reduc...Reuters
Thu, Jan 8
Silver Price Forecast: XAG/USD oscillates around $78.00; downside seems limited
Silver (XAG/USD) seesaws between tepid gains/minor losses through the Asian session on Thursday and now trades around the $78.00 mark, down 0.40% for the day. The white metal, however, holds above the previous day's swing low and a month-to-date ascending trend-line support, near the $77.00 mark.
Fxstreet
Thu, Jan 8
GRAINS-Wheat rises on weather concerns in US Plains; soy, corn dip
BEIJING, Jan 8 (Reuters) - Chicago wheat futures extended gains for a second straight session on Thursday and hovered near a more than one-week high due to dryness concerns in the U.S. Plains.Soybeans and corn fell, with soy under pressure from ample global supplies. FUNDAMENTALSThe most-active whea...Reuters
Thu, Jan 8
Trump considers taking control of Venezuela's PDVSA, lower oil prices to $50 a barrel, WSJ reports
Jan 7 (Reuters) - U.S. President Donald Trump and his advisers are planning an initiative to dominate the Venezuelan oil industry for years to come, and the president told aides he believes his efforts could help lower oil prices to $50 a barrel, the Wall Street Journal reported on Wednesday. A plan...Reuters
Thu, Jan 8
FACTBOX-US Gulf refineries ready to run Venezuelan crude
By Erwin Seba HOUSTON, Jan 7 (Reuters) - Refineries along the U.S. Gulf Coast from Corpus Christi, Texas to Pascagoula, Mississippi are configured to run the heavy sour, corrosive crude oil produced by Venezuela that President Donald Trump plans to sell in the U.S., following the capture last wee...Reuters
Thu, Jan 8
US pulls $160 million in funding from California over foreign truck-driver licenses
USDOT withholds funds over noncompliant licensesCalifornia DMV disputes federal decision, cites public safety riskUSDOT audit finds 25% of foreign-held commercial driver licenses unlawful in CaliforniaBy David ShepardsonWASHINGTON, Jan 7 (Reuters) - The U.S. Department of Transportation said on Wedn...Reuters
Thu, Jan 8
WRAPUP 8-US seizes Russian-flagged tanker, another tied to Venezuela as Trump widens oil push
US boarded tanker that escaped blockade and put up Russian flagUS also seized second Venezuela-linked tanker Venezuela's main buyer China denounces US 'bullying'Oil prices fall on anticipated supply increaseBy Idrees Ali, Phil Stewart and Marianna Parraga WASHINGTON, Jan 7 (Reuters) -...Reuters
Thu, Jan 8
WTI price rebounds above $56.00 as EIA reports sharp inventory decline
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.30 during the Asian trading hours on Thursday. The WTI price recovers some lost ground as the crude oil inventories report shows a sharper decline than anticipated.Fxstreet
Thu, Jan 8
