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ASIA COFFEE-Vietnam coffee trading muted on low supplies, heavy rains in Indonesia
By Phuong Nguyen and Mas Alina Arifin HANOI, Aug 7 (Reuters) - Coffee trading in Vietnam slowed at the end of the crop season this week due to low stockpiles and weaker demand, while heavy rains were recorded in Indonesia's coffee growing area in the middle of the harvest, traders said on Thu...Reuters
Thu, Aug 7
EUROPE GAS-Prices ease on muted demand, stockbuild
Aug 7 (Reuters) - Dutch and British wholesale gas prices weakened on Thursday morning amid stable supply and low demand in the power sector, while gas storage filling continued.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was down 0.23 euro at 32.97 euros per megawatt hour (MW...Reuters
Thu, Aug 7
BREAKINGVIEWS-Trump’s India trade slap misses Russian oil target
By Yawen Chen LONDON, Aug 7 (Reuters Breakingviews) - Punishing India for buying Russian oil is a blunt weapon aimed at the wrong target. Donald Trump’s decision to whack an extra 25% tariff on U.S. imports from the Asian country is potentially painful for New Delhi. However, it’s unlikely to dis...Reuters
Thu, Aug 7
Canadian Natural Resources beats second-quarter profit estimates
Aug 7 (Reuters) - Canadian Natural Resources CNQ.TO surpassed Wall Street expectations for second-quarter profit on Thursday, as the company benefited from higher oil and natural gas production.The Calgary, Alberta-based company posted an adjusted profit of 71 Canadian cents per share for the three ...Reuters
Thu, Aug 7
Singapore fuel oil stockpiles jump amid lukewarm demand, ample supply
By Jeslyn LerhSINGAPORE, Aug 7 (Reuters) - Onshore fuel oil stockpiles in trading hub Singapore rose to a more than seven-month high in the week to August 6, latest data showed, as some sellers struggled to clear stocks due to lukewarm demand and plentiful supplies.The inventories have been hovering...Reuters
Thu, Aug 7
Nayara Energy seeks ships from India to ferry refined fuels, Indian government source says
By Nidhi Verma NEW DELHI, Aug 7 (Reuters) - Russia-backed private refiner Nayara Energy, which was sanctioned by the European Union last month, has sought help from India's shipping ministry to get vessels for the movement of its refined fuels, a government source said on Thursday. Sancti...Reuters
Thu, Aug 7
Maersk CEO: Despite US volatility we've seen high demand in rest of the world
Aug 7 (Reuters) - AP Moeller - Maersk A/S MAERSKb.CO CEO Vincent Clerc told reporters:MAERSK CEO: PRICES ARE GOING UP IN THE TERMINAL BUSINESS, CAPACITY CLOSE TO FULLMAERSK CEO: CONTAINER DEMAND CONTINUES TO BE EXTRAORDINARILY HIGHMAERSK CEO: CHINA CONTINUES TO GROW THEIR EXPORTS AT A MUCH HIGHER PA...Reuters
Thu, Aug 7
METALS-Copper, other base metals gain on US rate cut bets, China trade deal hopes
By Brijesh Patel Aug 7 (Reuters) - Copper and other base metals rose on Thursday, supported by growing expectations of a U.S. rate cut and optimism over a potential U.S.-China trade deal.Three-month copper on the London Metal Exchange CMCU3 was up 0.2% at $9,697 per metric ton as of 0702 GMT.The ...Reuters
Thu, Aug 7
PRECIOUS-Gold gains as Trump tariffs take effect, boosting safe-haven demand
Trump's higher tariff rates hit goods from major US trading partnersTraders see 93% chance of Fed rate cut in SeptemberFed needs to respond to slowing US economy, says KashkariBy Anushree Mukherjee Aug 7 (Reuters) - Gold rose on Thursday as steep tariffs imposed by U.S. President Donald T...Reuters
Thu, Aug 7
Sceptical investors call time on China's anti-price war rally
Investors doubt anti-price war campaign will be effectiveIndustrial stocks such as steelmakers, cement producers retreat after July rallyCommodity prices snap back on weak real demand SHANGHAI/SINGAPORE, Aug 7 (Reuters) - Fund manager Yang Tingwu was quick to harvest his gains after a furious Ju...Reuters
Thu, Aug 7
Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Thursday, early in the European session. WTI trades at $64.05 per barrel, up from Wednesday’s close at $63.63.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $66.57 price posted on Wednesday, and trading at $67.04.Fxstreet
Thu, Aug 7
COLUMN-US energy exporters face likely letdown in any US-India trade deal: Maguire
By Gavin MaguireLITTLETON, Colorado, Aug 7 (Reuters) - The fresh 25% tariffs slapped on Indian goods by U.S. President Donald Trump this week are being viewed by many as a negotiating tactic designed to force India to buy more U.S. energy products and other goods going forward. But even though India...Reuters
Thu, Aug 7
COLUMN-Britain's AI hopes face harsh reality of high electricity costs: Bousso
Data centres' energy demand set to triple by 2035, NESO reportsInvestment planned for nuclear and offshore wind highlights costs challengeUK has some of the highest wholesale power prices among developed economiesBy Ron Bousso LONDON, Aug 7 - Britain's ambition to rev up its economy and t...Reuters
Thu, Aug 7
ANALYSIS-Why the oil market is tight despite big OPEC+ output hikes
OPEC+ has failed to hit its increased targetsSome members are struggling to increase outputSome face curbs because of previous overproductionOil prices have risenAir conditioning demand, Chinese stockpiling supporting marketBy Robert Harvey, Ahmad Ghaddar and Seher Dareen LONDON, August 7 (Reuter...Reuters
Thu, Aug 7
GRAINS-Wheat steadies after ample supply pushes prices to 5-year low
CANBERRA, Aug 7 (Reuters) - Chicago wheat futures rose on Thursday after ample supply and the placing of bearish bets by speculators powered a weeks-long sell-off that drove prices to a five-year low on Wednesday.Corn futures also gained after falling to contract lows in the previous session, and so...Reuters
Thu, Aug 7
Fire at Russia's Afipsky oil refinery extinguished after drone attack, emergency services say
MOSCOW, Aug 7 (Reuters) - A fire at the Afipsky oil refinery in Russia's Krasnodar region, caused by fallen drone debris, was extinguished, local emergency services said on Thursday. The Russian Defence Ministry said that air defence systems had shot down nine Ukrainian drones over the region ov...Reuters
Thu, Aug 7
Kobe Steel Executive: We Assume Japan’S Exports Of Finished Vehicles To The United States Would Fall By 20% Due To Us Tariffs
Aug 7 (Reuters) - Kobe Steel Ltd 5406.T:KOBE STEEL EXECUTIVE: WE HAVE FACTORED IN 5 BILLION YEN NEGATIVE IMPACT IN FULL-YEAR EARNINGS FORECAST DUE TO U.S. TARIFFSKOBE STEEL EXECUTIVE: WE ASSUME JAPAN’S EXPORTS OF FINISHED VEHICLES TO THE UNITED STATES WOULD FALL BY 20% DUE TO US TARIFFSSource text: ...Reuters
Thu, Aug 7
