Search
News
Important Only
EU Commission to propose end-2027 ban on Russian gas imports, draft document shows
By Kate AbnettBRUSSELS, May 6 (Reuters) - The European Commission will next month propose to ban new Russian gas deals by the end of the year, and ban imports under existing contracts by end-2027, a draft European Commission document, seen by Reuters, showed.A draft of the European Commission's ...Reuters
Tue, May 6
Weatherford returns to Libya offering full service at Jalu 59 oil field
May 6 (Reuters) - Libya's National Oil Corporation (NOC) said on Tuesday that U.S. energy services company Weatherford WFRD.O will return to operations in Libya.Weatherford halted works in Libya ten years ago but has confirmed its readiness to provide full field-work services at the Jalu 59 oil ...Reuters
Tue, May 6
EUROPE GAS-Prices gain to 1-week high on demand rise, Norway outage
May 6 (Reuters) - Dutch and British wholesale gas prices rose in early trading on Tuesday as cooler, less windy weather and outages in Norway tightened the short-term market, while the need to refill gas storages continues to provide wider price support.The benchmark Dutch front-month contract TRNLT...Reuters
Tue, May 6
India advances Kashmir hydro projects after suspending pact with Pakistan, document shows
India accelerates four hydro projects after treaty suspensionPakistan says attempts to divert water could be 'act of war'Pakistan depends on the Indus system for 80% of its farmsBy Aftab Ahmed and Sarita Chaganti Singh SRINAGAR, May 6 (Reuters) - India has advanced the start date of four ...Reuters
Tue, May 6
EU keeps options open as it readies response to expanding US tariffs
BRUSSELS, May 6 (Reuters) - The European Union will prepare countermeasures to the multitude of U.S. tariffs imposed on EU imports during President Donald Trump's 90-day pause, with all options on the table, European Trade Commissioner Maros Sefcovic said on Tuesday.
Reuters
Tue, May 6
US Tariffs Will Ultimately Lead To Increased Electricity Prices, Vestas CEO Says
May 6 (Reuters) - VESTAS CEO: ULTIMATELY TARIFFS WILL INCREASE PROJECT COSTS IN THE US AND LEAD TO AN INCREASED PRICE IN ELECTRICITYVESTAS CEO: WE WORK DILIGENTLY WITH THE US ADMINISTRATION ON HOW BEST TO SECURE ENERGY SUPPLY AND ELECTRICITY TO THE US SOCIETYReuters
Tue, May 6
METALS-Copper rises on US-China dialogue hopes
SHANGHAI, May 6 (Reuters) - Copper prices edged higher on Tuesday, buoyed by signs of U.S.-China trade talks and despite U.S. Treasury Secretary Scott Bessent's defense of President Trump's tariffs.Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 0.8% to $9,441 a metric ton a...Reuters
Tue, May 6
Uniper aims to build 2 GW of gas-fired power plants in Germany
FRANKFURT, May 6 (Reuters) - Uniper UN0k.DE may build around 2 gigawatts (GW) of gas-fired power plants under German plans to build around 20 GW of capacity in a push to safeguard supply security, the group's finance chief Jutta Doenges said on Tuesday.Reuters
Tue, May 6
AngloGold Ashanti, Gold Fields halt Ghana JV talks
May 6 (Reuters) - AngloGold Ashanti AU.N, ANGJ.J and Gold Fields GFIJ.J have agreed to pause talks to merge their neighbouring Tarkwa and Iduapriem mines in Ghana, the companies said on Tuesday, two years after announcing the plan.The plan to combine the two mines, which would have created Africa...Reuters
Tue, May 6
Palladium price: Rare metals advance at the start of the European session
Platinum Group Metals (PGMs) trade with a positive tone at the beginning of Tuesday, according to FXStreet data. Palladium (XPD) changes hands at $949.65 a troy ounce, with the XPD/USD pair advancing from its previous close at $947.60.Fxstreet
Tue, May 6
EU to propose ban on Russian gas imports by end-2027, sources say
BRUSSELS, May 6 (Reuters) - The European Union will publish plans on Tuesday to ban new Russian gas deals by the end of the year, and phase out existing contracts with Moscow by end-2027, three EU officials told Reuters.The European Commission will on Tuesday publish a "roadmap" of how it pl...Reuters
Tue, May 6
TECHNICALS-CBOT soybeans may revisit May 1 low of $10.36-3/4
For more technical analyses, please click SINGAPORE, May 6 (Reuters) - The CBOT soybean July contract SN25 may revisit its May 1 low of $10.36-3/4 per bushel, as a correction from $10.67-1/4 looks incomplete.The correction consists of three waves. So far only two have unfolded. The wave c is expecte...Reuters
Tue, May 6
RPT-COLUMN-US-Ukraine deal is heavy on symbolism, light on minerals: Andy Home
By Andy Home LONDON, May 2 (Reuters) - U.S President Donald Trump's minerals deal with Ukraine is a big symbolic win for both sides.Ukraine gets a long-term commitment for U.S. investment in "a free, sovereign, and secure Ukraine". The United States gets a stake in Ukraine's futur...Reuters
Tue, May 6
RPT-COLUMN-Saudi Arabia can control oil supply. Demand could be its Achilles heel: Bousso
Saudi-led OPEC+ to sharply increase output by JuneRiyadh appears willing to enter price warBy By, Ron and Bousso LONDON, May 6 (Reuters) - Saudi Arabia has signalled it is willing to enter a painful price war to assert dominance over other oil producers, but worsening global economic conditions m...Reuters
Tue, May 6
Vestas Q1 Adj EBIT EUR 14 Mln, Above Estimates
May 6 (Reuters) - Vestas Wind Systems A/S VWS.CO:Q1 REVENUE EUR 3,500 MILLION VERSUS. ESTIMATE EUR 3,013 MILLIONQ1 ADJUSTED EBIT EUR 14 MILLION VERSUS LOSS EUR 29 MILLION SEEN IN COMPANY-COMPILED CONSENSUSQ1 ORDER INTAKE 3,135 MW VERSUS 3,157 MW SEEN IN COMPANY-COMPILED CONSENSUSFULL-YEAR GUIDANCE ...Reuters
Tue, May 6
CORRECTED-TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 6 (Reuters) - Contract Target Support/resistanceBrent oil $62.10sup $60.92/$60Palm oil (3rd month)3,765/3,739 ringgitres 3,836/3,875 ringgitWTI* $59.04sup $57.68/$56.83Spot gold$3,209/$3,175res $3,265/$3,300LME copper (3rd month)*$9,318/$9,218res $...Reuters
Tue, May 6
