News
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Gold slips from $4,500 as strong US data dents haven demand
Gold price tumbles nearly 1% on Wednesday after US economic data showed that business activity improved, while the labor market shows signs of being more solid than expected. At the time of writing, XAU/USD trades at $4,465 after reaching a high of $4,500,
Fxstreet
Wed, Jan 7
Med crude-Differentials stable in thin trade
LONDON, Jan 7 (Reuters) - Urals and Caspian crude oil differentials were steady on Wednesday in trade thinned by public holidays in Russia and Kazakhstan as well as loading delays for CPC Blend. The Caspian Pipeline Consortium (CPC) terminal near the Russian Black Sea port of Novorossiysk resumed c...Reuters
Wed, Jan 7
Ukraine welcomes US seizure of Russian-flagged tanker in North Atlantic
KYIV, Jan 7 (Reuters) - Ukraine's foreign minister said on Wednesday that Kyiv welcomes the U.S. seizure of a Russian-flagged tanker linked to Venezuela, adding it was a good example of how to act against Moscow."The apprehension of a Russian-flagged ship in the North Atlantic underscores th...Reuters
Wed, Jan 7
Trump administration advises more protein, less sugar in new dietary guidelines
Guidelines recommend more protein, less sugar, avoid processed foodsDocument omits alcohol consumption limits, suggests reducing intakeGuidelines inform school meals, medical advice and other federal policyBy Leah Douglas WASHINGTON, Jan 7 (Reuters) - The administration of U.S. President Donald T...Reuters
Wed, Jan 7
Strike continues at Capstone Copper's Mantoverde mine after negotiations fail
SANTIAGO, Jan 7 (Reuters) - A workers' strike at Capstone Copper's Mantoverde mine in northern Chile will continue after negotiations between the company and the union failed, the union said on Wednesday. The union in a statement said it expected a lengthy strike and that the mine was alm...Reuters
Wed, Jan 7
EOG Resources says oversupply, higher Venezuela output weighing on shale prices
By Pranav Mathur Jan 7 (Reuters) - EOG Resources' EOG.N finance chief Ann Janssen said on Wednesday oversupply and potentially higher production from Venezuela are pushing oil prices down, a trend that is likely to persist for several more quarters.Brent crude futures LCOc1 were down about 0...Reuters
Wed, Jan 7
Money from sale of Venezuelan oil to be held in US-controlled bank accounts, Energy Dept says
WASHINGTON, Jan 7 (Reuters) - The U.S. has begun marketing Venezuelan oil and all proceeds from its sale will initially settle in U.S.-controlled accounts at globally recognized banks, the Department of Energy said in a statement released on Wednesday."We have engaged the world's leading com...Reuters
Wed, Jan 7
Money from sale of Venezuelan oil to be held in US-controlled bank accounts, Energy Dept says
WASHINGTON, Jan 7 (Reuters) - The U.S. has begun marketing Venezuelan oil and all proceeds from its sale will initially settle in U.S.-controlled accounts at globally recognized banks, the Department of Energy said in a statement released on Wednesday."We have engaged the world’s leading commodi...Reuters
Wed, Jan 7
Europe Gasoline/Naphtha-Gasoline refining margins edge lower
LONDON, Jan 7 (Reuters) - Northwest European gasoline refinery profit margins fell by 12 cents on the day to $9.48 a barrel on Wednesday.About 20,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window as Equinor, Trafigura, Glencore and ExxonMobil sold to BP, Aramco and Varo.U.S...Reuters
Wed, Jan 7
White House says too early for election timetable for Venezuela
WASHINGTON, Jan 7 (Reuters) - The White House said on Wednesday it was too early for a timetable for elections in Venezuela, days after leader Nicolas Maduro was deposed in a U.S. raid."It's too premature and too early to dictate a timetable for elections in Venezuela right now," White H...Reuters
Wed, Jan 7
US selectively rolling back Venezuela sanctions, White House says
WASHINGTON, Jan 7 (Reuters) - The United States is selectively rolling back sanctions on Venezuela, White House spokeswoman Karoline Leavitt said on Wednesday, following the toppling of Nicolas Maduro, who was seized from his country by U.S. forces over the weekend.Reuters
Wed, Jan 7
White House says meeting with oil executives on Friday
Jan 7 (Reuters) - A meeting with oil executives will take place on Friday to discuss opportunities, White House spokeswoman Karoline Leavitt said on Wednesday, as the United States works with the industry in the aftermath of the toppling of Nicolas Maduro in Venezuela.Reuters
Wed, Jan 7
EU wheat higher with Chicago
PARIS, Jan 7 (Reuters) - Euronext wheat rose on Wednesday as a decline in U.S. crop conditions and attractive wheat prices compared with corn supported the market, traders said.March milling wheat BL2H6, the most-active position on Euronext's Paris-based futures, was up 1.2% at 191.25 euros ($22...Reuters
Wed, Jan 7
Americans should drink alcohol in small amounts, says Dr Oz
WASHINGTON, Jan 7 (Reuters) - New U.S. dietary guidelines mention alcohol, which should be consumed in small amounts, Dr. Mehmet Oz, administrator for the Centers for Medicare & Medicaid Services, said on Wednesday.Oz made his remarks to reporters after the release of nutrition guidelines that a...Reuters
Wed, Jan 7
W.Africa Crude - Market subdued as traders await tenders
LONDON, Jan 7 (Reuters) - The West African crude market was quiet on Wednesday as traders awaited tenders from national oil companies. Tenders from Indian Oil Corp and Pertamina are expected overnight, one trader said. In the wider market, Shell SHEL.L agreed to buy a 35% stake in two undevelop...Reuters
Wed, Jan 7
Trump administration advises more protein, less sugar in new dietary guidelines
Guidelines recommend more protein, less sugar, avoid processed foodsDocument omits alcohol consumption limits, suggests reducing intakeGuidelines inform school meals, medical advice and other federal policyBy Leah Douglas WASHINGTON, Jan 7 (Reuters) - The administration of U.S. President Donald T...Reuters
Wed, Jan 7
Venezuelan oil sales to US to start immediately, continue indefinitely, Trump official says
By Nilutpal Timsina and Kanjyik Ghosh Jan 7 (Reuters) - Venezuelan oil sales to the United States will start immediately with an initial shipment of approximately 30 million to 50 million barrels and will continue indefinitely, a senior Trump administration official told Reuters on Wednesday. ...Reuters
Wed, Jan 7
Russia says US seizure of oil tanker is illegal, lawmaker calls it piracy
Russia says US action breaches maritime lawMoscow demands humane treatment, swift return of crewUS seized ship as part of bid to block Venezuelan oil exportsWith US ousting of Maduro, Moscow lost key allyBy Lucy Papachristou and Mark Trevelyan Jan 7 (Reuters) - Russia said on Wednesday that the U...Reuters
Wed, Jan 7
US crude oil stocks fall, fuel inventories rise amid robust refining, EIA says
By Liz HamptonDENVER, Jan 7 (Reuters) - U.S. crude oil stocks fell while gasoline and distillate inventories rose last week amid busy refining activity, the Energy Information Administration said on Wednesday.Crude inventories dropped by 3.8 million barrels to 419.1 million barrels in the week ended...Reuters
Wed, Jan 7
