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Australian LNG workers to vote on Inpex employment deal
By Helen Clark PERTH, April 16 (Reuters) - Workers at Inpex’s 1605.T Ichthys liquefied natural gas plant, one of Australia's largest, will finish voting on Friday on a new employment agreement which, if rejected, could lead to strike action.The vote by workers at the 9.3 million metric ton LN...Reuters
Thu, Apr 16
Berlin agrees electricity price mechanism for industry, HB newspaper reports
BERLIN, April 16 (Reuters) - The German government has agreed on the details for the introduction of an electricity price mechanism for industry, Germany's Handelsblatt newspaper reported on Thursday, citing government sources.Reuters
Thu, Apr 16
EXPLAINER-How El Nino-driven weaker monsoon rains could impact India
By Rajendra Jadhav MUMBAI, April 16 (Reuters) - India's weather office has forecast a below-average monsoon in 2026, with an El Nino expected to develop and weigh on rainfall in the latter half of the June to September season.In the past, India has seen below-average rainfall in most El Nino ...Reuters
Thu, Apr 16
Iran halts petrochemical exports until further notice
DUBAI, April 16 (Reuters) - Iran halted all petrochemical exports to prioritise domestic supply and prevent shortages of raw materials, the economic newspaper Donya-e-Eqtesad reported on Thursday, due to disrupted production after Israel struck several petrochemical hubs.The instruction was issued o...Reuters
Thu, Apr 16
Nigerian airlines threaten to halt flights over soaring jet fuel prices
Airlines threaten flight halt from April 20 without price reliefIndustry body says jet fuel prices outpacing global surgeBy Isaac Anyaogu LAGOS, April 16 (Reuters) - Nigerian airlines will suspend all flight operations from April 20, they warned, unless crippling jet fuel prices, which they accus...Reuters
Thu, Apr 16
PRECIOUS-Gold gains on softer dollar as US-Iran peace deal hopes rise
US optimistic about deal with IranDollar, US Treasury yields easeTraders see 29% chance of US rate cut in DecemberBy Noel John April 16 (Reuters) - Gold prices rose on Thursday, supported by a softer U.S. dollar and lower Treasury yields, as investors grew optimistic about a potential end to the ...Reuters
Thu, Apr 16
METALS-Aluminium jumps as hopes of US-Iran deal brighten demand outlook
April 16 (Reuters) - Aluminium rallied on Thursday, bolstered by expectations of an acute supply deficit due to the Middle East conflict as growing hopes for a U.S.-Iran peace deal improves demand outlook.Benchmark three-month aluminium CMAL3 on the London Metal Exchange climbed 1.27% to $3,667.5 pe...Reuters
Thu, Apr 16
ERCOT sees surge in power demand by 2030s amid data center growth
April 16 (Reuters) - The Electric Reliability Council of Texas (ERCOT) said electricity demand could rise sharply into the 2030s as an increasing pipeline of data centers drives most of the projected growth, according to a presentation on Wednesday by the grid operator.ERCOT's preliminary base f...Reuters
Thu, Apr 16
TECHNICALS-CBOT corn may extend gains to $4.54-1/4
SINGAPORE, April 16 (Reuters) - CBOT corn CK26 may extend gains to $4.54-1/4 per bushel, as it has broken a resistance at $4.50-1/2.The current bounce is assumed to be against the downtrend from $4.70-3/4. A retracement analysis on the trend reveals a break above the 38.2% level of $4.50-1/2.The bre...Reuters
Thu, Apr 16
GRAINS-Wheat rally slows as ample supply offsets US drought fears
CANBERRA, April 16 (Reuters) - Chicago wheat futures hovered near a two-week high on Thursday as ample global supply put the brakes on a rally caused by dry weather in the U.S. Plains that threatens to reduce production.Corn futures rose slightly and soybeans were little changed after both contracts...Reuters
Thu, Apr 16
TABLE-North Sea gas maintenance schedule: Revises Atwick outage
April 16 (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.OPERATORLOCATIONOUT...Reuters
Thu, Apr 16
TECHNICALS-CBOT soybeans may test support at $11.62-1/4
For more technical analyses, please click SINGAPORE, April 16 (Reuters) - The CBOT soybean May contract SK26 may test a support at $11.62-1/4 per bushel, as it failed to break a resistance at $11.69-3/4.The contract looks weak around a lower resistance at $11.66-1/2. It is biased to test the suppor...Reuters
Thu, Apr 16
ROI-Pain at the pump primed to give US EV sales a fresh lift this summer: Maguire
By Gavin Maguire LITTLETON, Colorado, April 16 (Reuters) - The highest average gasoline costs since 2022 look set to reignite demand for electric vehicles in the U.S. this year, despite the scrapping of federal subsidies for the clean car sector by President Donald Trump. U.S. gasoline prices are...Reuters
Thu, Apr 16
Middle East war hangs over Europe Inc as earnings season kicks off
European company earnings expected to be firm in first quarterBut rising energy costs, supply chain disruptions among risks for full yearEnergy companies seen performing well in quarterConsumer, luxury firms could suffer from inflation pressuresBy Javi West Larrañaga and Ozan Ergenay April 16 (Re...Reuters
Thu, Apr 16
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