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PRECIOUS-Gold heads for best week in six; US payrolls data on tap
Bullion has gained over 2% so far this weekFed's Powell due to speak later in the day Dollar heads for worst week since November 4 By Rahul Paswan and Sarah Qureshi March 7 (Reuters) - Gold prices climbed on Friday and were headed for their best week in six, buoyed by trade war concerns and a...Reuters
Fri, Mar 7
Shell's Sabah deepwater oil project begins phase 4 production
SINGAPORE, March 7 (Reuters) - Shell SHEL.L has begun production at Phase 4 of its Sabah deepwater oil project in Malaysian and Bruneian waters, it said on Friday. The Gumusut-Kakap-Geronggong-Jagus East (GKGJE) project is part of Shell's efforts to revive oil and gas production in Malaysia and ...Reuters
Fri, Mar 7
Bayer tells US it could halt Roundup weedkiller sales over legal risks
Glyphosate-based Roundup is widely used in US farmingBayer paid about $10 bln to settle, billions more at riskGerman group has lobbied US lawmakers for legal reliefSource: Bayer could reach a point where it needs to withdrawBy Patricia Weiss and Ludwig Burger FRANKFURT, March 7 (Reuters) - Bayer ...Reuters
Fri, Mar 7
EUROPE GAS-Prices rebound from fresh 5-month low
March 7 (Reuters) - European wholesale gas prices at the TTF hub rebounded amid strikes on gas infrastructure in Ukraine after falling to their lowest level in five months in early trade.The benchmark front-month contract on the Dutch TTF hub TRNLTTFMc1 rose by 1.91 euros to 39.94 euros per...Reuters
Fri, Mar 7
Gold consolidates further while chances for new all-time highs this week start to fade
Gold’s price (XAU/USD) stabilizes and seems to be consolidating for the third day in a row this week. The rally in Bullion stalls after US President Donald Trump shielded off all goods from Mexico and Canada that fall under the USMCA trade agreement from its freshly baked tariffs that got...
Fxstreet
Fri, Mar 7
Russia says it struck gas and energy targets in Ukraine
MOSCOW, March 7 (Reuters) - The Russian Defence Ministry said on Friday its forces carried out strikes with long-range air, sea and land-based precision weapons against what it called gas and energy infrastructure supporting Ukraine's military-industrial complex.Ukraine said earlier that it shot...Reuters
Fri, Mar 7
India's BPCL plans to buy US oil via 4-mth tender, source says
By Nidhi Verma NEW DELHI, March 7 (Reuters) - Indian state refiner Bharat Petroleum Corp BPCL.NS plans to float a 4-month tender next week to buy U.S. West Texas Intermediate (WTI) crude, a person familiar with the matter said on Friday, as it eyes cheaper oil from the world's top producer.Th...Reuters
Fri, Mar 7
UK Treasury weighs cutting funding to GB Energy, FT reports
March 7 (Reuters) - Britain's Treasury department is weighing cutting funding plans for state-backed power company GB Energy in a spending review slated for June, the Financial Times reported on Friday.Last year, the British government set up GB Energy, backed by 8.3 billion pounds ($10.73 billi...Reuters
Fri, Mar 7
UBS Targets Price Level Of $1,000/Oz This Year For Palladium
March 7 (Reuters) - UBS:EXPECTS A DEFICIT OF AROUND 300,000 OUNCES, OR 3% OF DEMAND, THIS YEAR FOR PALLADIUMEXPECTS PALLADIUM TO REMAIN A LAGGARD IN THE PRECIOUS METALS SPACETARGETS PRICE LEVEL OF $1,000/OZ THIS YEAR FOR PALLADIUMReuters
Fri, Mar 7
PRECIOUS-Gold set for weekly gain; US payrolls data awaited
Gold's outlook continues to be very optimistic, analyst saysBullion has gained over 2% so far this weekU.S. non-farm payrolls report due at 1330 GMTBy Anjana Anil and Anushree Mukherjee March 7 (Reuters) - Gold edged higher on Friday, and was poised for a weekly rise, as the dollar weakened a...Reuters
Fri, Mar 7
RPT-COLUMN-China's power grid clean-up puts several US systems to shame: Maguire
By Gavin MaguireLITTLETON, Colorado, March 6 (Reuters) - China's steady expansion to coal-fired power capacity has drawn ire from U.S. power system advisers who gripe that there's little point in cleaning up generation at home while China lifts coal-fired emissions ever higher.But those argu...Reuters
Fri, Mar 7
REFILE-Global coffee trade grinding to a halt, hit hard by brutal price hikes
Arabica coffee futures have surged 70% since November Traders and roasters making minimal purchases Retailers pushing back against accepting higher pricesMarket participants predict industry consolidationBy Marcelo Teixeira HOUSTON, March 7 (Reuters) - Global coffee traders and roasters say they ...Reuters
Fri, Mar 7
METALS-Shanghai copper hits near five-month high on China stimulus hopes
By Anushree Mukherjee March 7 (Reuters) - Shanghai copper rose to its highest in nearly five months on Friday, amid hopes of further stimulus from top consumer China and concerns about U.S. tariff on copper imports.The most-active copper contract on the Shanghai Futures Exchange SCFcv1 jumped 0.4...Reuters
Fri, Mar 7
Oil set for biggest weekly drop since October on tariff uncertainty, supply gains
BEIJING, March 7 (Reuters) - Oil prices were little changed on Friday but were set for their biggest weekly decline since October as the uncertainty around U.S. tariff policy is creating concerns about demand growth at the same time major producers are set to increase output.Reuters
Fri, Mar 7
Freeport Indonesia may get 1 million ton copper concentrate export quota
JAKARTA, March 7 (Reuters) - Copper miner Freeport Indonesia may get an export quota of around 1 million metric tons of copper concentrate, Energy and Mineral Resources Minister Bahlil Lahadalia told reporters on Friday. The government has issued a regulation allowing exports of raw minerals under f...Reuters
Fri, Mar 7
