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Marathon Galveston Bay Refinery, Texas restarts diesel-, gasoline-producing units, sources say
HOUSTON, July 22 (Reuters) - Marathon restarted a diesel-producing unit and the gasoline-producing unit at its 631,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, people familiar with plant operations said on Tuesday.The refinery’s 64,000-bpd residual hydrotreater (RHU) is comp...Reuters
Wed, Jul 23
Equinor Q2 core profit drops as expected on lower oil price
OSLO, July 23 (Reuters) - Equinor's EQNR.OL second-quarter profit fell as expected, its earnings report showed on Wednesday, as declining oil prices outweighed a rise in the price of gas.The Norwegian energy group's adjusted earnings before tax for April-June fell to $6.54 billion from $7.48...Reuters
Wed, Jul 23
Gold price retreats from monthly top as modest USD strength prompts profit-taking
Gold price (XAU/USD) retreats from its highest level since June 16, around the $3,439 region touched during the Asian session on Wednesday, and for now, seems to have snapped a three-day winning streak.
Fxstreet
Wed, Jul 23
Japan vows more US rice imports within tariff-free quota
By Kaori Kaneko TOKYO, July 23 (Reuters) - Japan will import more rice from the United States but within the existing tariff-free quota, Prime Minister Shigeru Ishiba said on Wednesday, stressing Tokyo's success in protecting the agricultural sector in agreeing a bilateral trade deal.After mo...Reuters
Wed, Jul 23
PRESS DIGEST-British Business - July 23
July 23 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- Bank of England Governor Andrew Bailey has warned finance minister Rachel Reeves that cutting red tape o...Reuters
Wed, Jul 23
METALS-Shanghai metals climb as traders weigh Beijing's growth pledge, Sino-US talks
By Hongmei Li SINGAPORE, July 23 (Reuters) - The most-traded metals on the Shanghai Futures Exchange rose on Wednesday, supported by market optimism after Beijing's recent pledge to stabilize industrial growth, while traders monitored developments in China-U.S. trade talks.SHFE aluminium SAFc...Reuters
Wed, Jul 23
PRESS DIGEST- Financial Times - July 23
July 23 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- British forex group Argentex to enter administration after hit from dollar rout- FCA warns insurers over hidden 'double dip' c...Reuters
Wed, Jul 23
GRAINS-Wheat rises after Russia trims its harvest estimate
CANBERRA, July 23 (Reuters) - Chicago wheat futures rose on Wednesday, extending gains from the previous session, after top exporter Russia trimmed its harvest and export forecasts but ample global supply limited gains. Soybean futures climbed following a decline in the U.S. crop ratings and hopes t...Reuters
Wed, Jul 23
Japan, US agree to keep current 50% tariff on steel, aluminium, NHK reports
TOKYO, July 23 (Reuters) - Japan and the United States agreed to keep the current 50% tariff on steel and aluminium as part of the bilateral trade deal, Japanese public broadcaster NHK reported on Wednesday.Reuters
Wed, Jul 23
Oil rises on Japan trade deal and stronger demand indicated by US inventories
By Colleen Howe BEIJING, July 23 (Reuters) - Oil prices steadied in early trading on Wednesday after falling for three consecutive sessions as a U.S. trade deal with Japan signaled progress on tariffs and a poll showed U.S. crude stockpiles fell last week, indicating stronger demand.Brent crude f...Reuters
Wed, Jul 23
Japan to raise portion of rice imports from US as part of trade deal, NHK reports
TOKYO, July 23 (Reuters) - Japan will effectively raise the portion of rice it imports from the United States as part of the bilateral trade deal, Japanese public broadcaster NHK reported on Wednesday.Japan will keep the overall "minimum access" framework for rice imports, according to the r...Reuters
Wed, Jul 23
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, July 23 (Reuters) - Contract Target Support/Resistance Brent oil $68.61/$68.26res $69.17/$69.62/$70.07Palm oil (3rd month)4,198 ringgitres 4,258/4,294/4,325 ringgitWTI* $65.41/$64.72res $65.90/$66.25Spot gold$3,446/$3,460$3,473sup $3,418/$3,4...Reuters
Wed, Jul 23
Vale's iron ore output up 4% with record Q2 at key mine
SAO PAULO, July 22 (Reuters) - Brazilian miner Vale VALE3.SA produced 83.6 million metric tons of iron ore in the second quarter, up 3.7% from a year earlier, the company reported on Tuesday.In its output and sales report, Vale said the increase was mainly driven by a new second-quarter record at th...Reuters
Wed, Jul 23
Rubio speaks with Iraqi PM about recent attacks on energy infrastructure
July 22 (Reuters) - U.S. Secretary of State Marco Rubio spoke with Iraqi Prime Minister Mohammed Shia al-Sudani about recent attacks on energy infrastructure and stressed the importance of holding the perpetrators accountable and preventing future attacks, State Department spokesperson Tammy Bruce s...Reuters
Wed, Jul 23
US, Japan to make deal on LNG, Trump says
WASHINGTON, July 22 (Reuters) - U.S. President Donald Trump said on Tuesday that the United States will make a deal with Japan on LNG. While speaking at an event at the White House, Trump added that Japan will form a joint venture with the U.S. for LNG in Alaska.Reuters
Tue, Jul 22
Biggest US power grid auction prices rise by 22% to new heights
PJM auction prices rise due to data center demand, supply shortfallShares of power companies rise on auction resultsEnvironmental groups criticize PJM for slow renewable energy integrationBy Laila Kearney July 22 (Reuters) - Prices out of the biggest U.S. power auction, held by grid operator PJM ...Reuters
Tue, Jul 22
