News
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Temporary reduction in Oil exports from Kazakhstan – Commerzbank
There was uncertainty once again this week about Oil supplies from Kazakhstan. This time, however, it was not about production levels, which are significantly higher than those agreed under the OPEC+ agreement, but about Oil exports.
Fxstreet
Fri, Jul 25
GLOBAL LNG-Asian spot prices slip to ten-week low on tepid demand, rising supply
By Emily Chow SINGAPORE, July 25 (Reuters) - Asian spot liquefied natural gas (LNG) prices slipped for a second consecutive week to a ten-week low, weighed down by tepid demand and increasing supply from new projects. The average LNG price for September delivery into north-east Asia LNG-AS was at...Reuters
Fri, Jul 25
SPECIAL REPORT-Musk ordered shutdown of Starlink satellite service as Ukraine retook territory from Russia
Musk's order disrupted Ukraine's 2022 counteroffensiveStarlink's outage caused communication blackouts for Ukrainian troopsMusk's geopolitical influence raises concerns among regulators and lawmakersBy Joey Roulette, Cassell Bryan-Low and Tom Balmforth KYIV, July 25 (Reuters) - Du...Reuters
Fri, Jul 25
Pumping systems maker Gorman-Rupp Q2 revenue beats estimates
OverviewGorman-Rupp Q2 2025 revenue rises 5.6%, beating analyst expectationsThe pumping systems manufacturer's adjusted EPS for Q2 misses analyst estimates, per LSEG dataRecord net income of $15.8 mlnOutlookCompany well positioned for second half of year with current backlogGorman-Rupp sees posi...Reuters
Fri, Jul 25
US natural Gas prices rebound on storage surprise – ING
US natural Gas prices rebounded after three days of losses, supported by a smaller-than-expected storage build. Lower inventory growth may signal tighter supply dynamics in the weeks ahead, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Fri, Jul 25
ANALYSIS-Trump unlikely to enforce tariff threat on Russian oil
100% tariffs on Russian oil buyers would risk price spikes, global economy meltdownTrump: current oil price is great, helps tame inflation Tariff threat seen as political grandstanding by some trade partnersTrump's sanctions on Russia so far not directly over Ukraine warChina adapts to US sancti...Reuters
Fri, Jul 25
US Gulf refiners seek MidEast, S.American oil to offset Venezuela, Mexico losses
Top US refining hub prefers nearby Venezuelan, Mexican heavy crude gradesTrade flow shake-up may be short-lived if US allows limited operations in Venezuela Venezuela supplied 16% of Gulf Coast imports before US license revocation in March Mexico's Maya imports so far in July lowest on record a...Reuters
Fri, Jul 25
Venezuelan Oil supply set to increase – ING
Oil prices firmed yesterday amid optimism over trade talks, despite the Trump administration reportedly allowing Chevron to resume operations in Venezuela. The move continued in early morning trading today. Roughly two months ago, the US government ended Chevron’s ability to produce in Venezuela.Fxstreet
Fri, Jul 25
EUROPE GAS-Prices little changed amid comfortable supply and demand
LONDON, July 25 (Reuters) - Dutch and British wholesale gas prices were little changed on Friday with comfortable supply and demand.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was down 0.29 euro at 31.95 euros per megawatt hour (MWh) or $10.99/mmBtu, by 0821 GMT, LSEG data s...Reuters
Fri, Jul 25
Kia aims to win US market share as tariffs force rivals to pull back
Kia aims to increase U.S. market share to over 6%, from 5.1%Kia targets sales rise of 7% in slumping U.S. market/KBy Hyunjoo Jin and Heekyong Yang SEOUL, July 25 (Reuters) - South Korea's Kia Corp 000270.KS said on Friday that it aims to increase its U.S. sales and market share in the second ...Reuters
Fri, Jul 25
Newmont Says Three HY-Tech Drilling Workers At The Red Chris Mine Project, Were Safely Brought To Surface Following A Fall Of Ground Incident
July 25 (Reuters) - Imperial Metals Corp III.TO:NEWMONT- THREE HY-TECH DRILLING WORKERS AT THE RED CHRIS MINE PROJECT, WERE SAFELY BROUGHT TO SURFACE FOLLOWING A FALL OF GROUND INCIDENTNEWMONT - WE WILL CONDUCT A COMPREHENSIVE INVESTIGATION INTO THE INCIDENTSource text: [ID:]Reuters
Fri, Jul 25
METALS-Copper prices ease as traders brace for US tariffs
By Hongmei Li SINGAPORE, July 25 (Reuters) - Copper prices in London and Shanghai eased on Friday as traders braced for the August 1 deadline when duties, including a 50% metal import tariff, are set to start between the U.S and its trading partners. Three-month copper on the London Metal Exchang...Reuters
Fri, Jul 25
Ukraine says Starlink's global outage hit its military communications
By Max Hunder KYIV, July 25 (Reuters) - Starlink systems used by Ukrainian military units were down for two and a half hours overnight, a senior commander said, part of a global issue that disrupted the satellite internet provider.Ukraine's forces are heavily reliant on thousands of SpaceX...Reuters
Fri, Jul 25
GRAINS-Wheat heads for weekly loss on ample supply
CANBERRA, July 25 (Reuters) - Chicago wheat futures edged lower on Friday and were set to end the week down 1.1% as plentiful global supply from ongoing northern hemisphere harvests outweighed strong U.S. exports. Corn futures were unchanged after U.S. export sales triggered a round of short-coveri...Reuters
Fri, Jul 25
PRECIOUS-Gold subdued as trade optimism weighs, but soft dollar caps losses
Focus on Fed policy meeting due next weekDollar heads for biggest weekly drop in a monthSilver on track for a weekly gainBy Brijesh Patel July 25 (Reuters) - Gold prices edged lower on Friday, as signs of progress in trade negotiations between the U.S. and its trading partners weighed on safe-hav...Reuters
Fri, Jul 25
Crude oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Friday, early in the European session. WTI trades at $66.26 per barrel, up from Thursday’s close at $65.95.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $68.56 price posted on Thursday, and trading at $68.89.Fxstreet
Fri, Jul 25
WTI climbs above $66.00 as trade talk optimism outweighs concerns over Oil oversupply
West Texas Intermediate (WTI) Oil price extends its gains for the second successive session, trading around $66.30 per barrel during the Asian hours on Friday. Crude Oil prices receive support on optimism surrounding trade talks, which bolstered the outlook for the global economy and Oil demand.Fxstreet
Fri, Jul 25
RPT-COLUMN-Copper's physical tariff trade is rapidly unwinding: Andy Home
By Andy Home LONDON, July 24 (Reuters) - U.S. President Donald Trump sprang a double surprise on the copper market when he announced import tariffs of 50% effective next month. The market was betting that tariffs would be set lower and come with a longer lead-time. The futures market is rapidly r...Reuters
Fri, Jul 25
Trump says US will sell 'so much' beef to Australia
Australia relaxed curbs on US beef importsCanberra says decision not related to trade talksTrump says other countries are on notice Australian opposition concerned about biosecurity riskBy Kanishka Singh and Peter Hobson WASHINGTON/CANBERRA, July 24 (Reuters) - The United States will sell "so...Reuters
Fri, Jul 25
