News
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Venture Global hits back at Shell's fraud claims in LNG arbitration battle
Venture Global denies Shell's fraud claims, cites lack of evidenceShell accused of breaching arbitration confidentialityShell seeks commercial resolution despite arbitration challenge, according to emailBy Stephanie Kelly, Marwa Rashad and Curtis Williams LONDON, Dec 10 (Reuters) - Venture Gl...Reuters
Wed, Dec 10
GE Vernova working with US government to boost stocks of rare earth yttrium
By Laila Kearney and Lewis Jackson NEW YORK, Dec 10 - Gas turbine maker GE Vernova GEV.N is working with the U.S. government to increase its stockpiles of the rare earth yttrium, CEO Scott Strazik said on Tuesday, as China's export controls of the vital element create shortages across energy,...Reuters
Wed, Dec 10
GRAINS-Soybeans fall further on concerns about pace of Chinese buying
CANBERRA, Dec 10 (Reuters) - Chicago soybean futures extended declines to a fourth straight session on Wednesday, hitting six-week lows, amid doubts that China will buy enough U.S. beans to prevent prices from losing ground in a well supplied market.Wheat futures continued its losing run to a fourth...Reuters
Wed, Dec 10
Argentina's Mendoza province approves first copper mining project in over two decades
BUENOS AIRES, Dec 9 (Reuters) - The Senate of Argentina's Mendoza province on Tuesday approved an environmental impact statement for the PSJ Cobre Mendocino copper project, marking the first large-scale metal development to receive legislative approval in the province in more than two decades.• ...Reuters
Wed, Dec 10
LIVESTOCK-Live cattle futures end firm after choppy session; hogs lower
CHICAGO, Dec 9 (Reuters) - Live cattle futures on the Chicago Mercantile Exchange (CME) edged higher on Tuesday after a choppy session as market players awaited direction from subdued cash cattle markets.Tight U.S. cattle supplies continued to underpin the market, while weather forecasts called for ...Reuters
Wed, Dec 10
Silver Price Forecast: XAG/USD refreshes record high, looks to build on move beyond $61.00
Silver (XAG/USD) enters a bullish consolidation phase during the Asian session and oscillates in a narrow range near the all-time peak, around the $61.00 neighborhood, touched this Wednesday.
Fxstreet
Wed, Dec 10
EU agrees on climate target to cut emissions 90% by 2040, with 5% carbon credits
The European Union agreed late on Tuesday on a legally binding climate target to reduce greenhouse gas emissions 90% by 2040, against 1990 levels, and buy foreign carbon credits to cover 5% of the emissions cuts, the European Parliament said in a statement early on Wednesday.Reuters
Wed, Dec 10
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Dec 10 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$61.73/$61.29res $62.18/$62.37/$62.70Palm oil (3rd month)4,119/4,134 ringgitsup 4,080/4,056 ringgitWTI(1st month)$58.02/$57.67res $58.58/$59.04/$59.49Spot gold$4,180/$4,15...Reuters
Wed, Dec 10
GE Vernova expects 80 gigawatts of gas turbine contracts by year's end
Dec 9 (Reuters) - GE Vernova GEV.N expects 80 gigawatts of signed combined-cycle gas turbine contracts by the end of the year as electricity demand from Big Tech's data centers ramps up, the manufacturer of power-generation equipment said on Tuesday. As U.S. power demand reaches record highs...Reuters
Tue, Dec 9
Oil settles down about 1% as traders focus on Ukraine peace talks, Fed policy decision
Prices likely to hover in near-term tight range, analysts say Russia-Ukraine peace talks still in progressInvestors price in high possibility of Fed rate cut on WednesdayBy Nicole Jao NEW YORK, Dec 9 (Reuters) - Oil prices edged lower on Tuesday after falling 2% in the previous session, with inve...Reuters
Tue, Dec 9
BHP strikes $2 billion funding deal with GIP for iron ore power network
By Melanie Burton MELBOURNE, Dec 9 (Reuters) - BHP Group BHP.AX said on Tuesday that BlackRock BLK.N-owned Global Infrastructure Partners (GIP) would invest $2 billion in Western Australia Iron Ore's (WAIO) inland power network for a minority stake.The two firms will form an entity in which B...Reuters
Tue, Dec 9
CANADA-CRUDE-Discount on Western Canada Select at widest point since March
Dec 9 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 widened on Tuesday to its broadest point since early March.WCS for January delivery in Hardisty, Alberta, settled at $13.55 a barrel below the U.S. benchmark WTI, according to bro...Reuters
Tue, Dec 9
CIF/FOB Gulf Grain-Corn barge basis bids firm, soybean bids steady
CHICAGO, Dec 9 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were steady on Tuesday, while corn basis bids continued to firm, market sources said.Empty barge freight rates turned higher along parts of the Illinois and Ohio rivers, as well as on the Mississippi Riv...Reuters
Tue, Dec 9
US Cash Grains-Soybean, corn bids mostly higher as selling picks up
CHICAGO, Dec 9 (Reuters) - Spot soybean and corn basis bids were steady to higher in the U.S. Midwest on Tuesday as selling picked up and industry players reviewed the U.S. Department of Agriculture's monthly supply and demand report that was released earlier in the day. The USDA left its U.S. s...Reuters
Tue, Dec 9
US Cash Crude-SGC firms as output at two Gulf of Mexico offshore platforms temporarily shut in
HOUSTON, Dec 9 (Reuters) - Southern Green Canyon (SGC) strengthened on Tuesday as output at two Gulf of Mexico offshore platforms were temporarily shut in. SGC firmed by 40 cents to a discount of $2.45 to US West Texas Intermediate crude, after Shell SHEL.L said output at its Whale and Perdido platf...Reuters
Tue, Dec 9
Granite To Upgrade Perris South Metrolink Station And Layover Facility To Boost Rail Capacity And Reliability
Dec 9 (Reuters) - Granite Construction Inc GVA.N:GRANITE TO UPGRADE PERRIS SOUTH METROLINK STATION AND LAYOVER FACILITY TO BOOST RAIL CAPACITY AND RELIABILITYGRANITE CONSTRUCTION INC - RCTC AWARDS $24 MILLION CONTRACT FOR PERRIS SOUTH PROJECTReuters
Tue, Dec 9
