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GLOBAL LNG-Asian spot LNG prices decline on muted demand, high inventories
By Marwa Rashad LONDON, July 18 (Reuters) - Asian spot liquefied natural gas (LNG) prices declined this week due to weaker demand and strong inventories and as buyers in south Asia found current prices too high.The average LNG price for September delivery into north-east Asia LNG-AS was at $12.30...
Reuters
Fri, Jul 18
UK, India likely to unveil trade deal next week, including whisky, EVs, textiles, sources say
By Manoj Kumar and Alistair Smout NEW DELHI/LONDON, July 18 (Reuters) - India and Britain are expected to seal a long-awaited free trade deal next week, two Indian government sources said, granting Indian textiles and electric vehicles some duty-free access to the UK market and easing British exp...
Reuters
Fri, Jul 18
CBOT Trends-Wheat up 7-10 cents, corn up 3-6, soybeans up 8-12
CHICAGO, July 18 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday. WHEAT - Up 7 to 10 cents per bushelWheat futures higher on short covering ahead of the weekend after sinking t...
Reuters
Fri, Jul 18
REFILE-Trump's tariffs threaten to take the fizz out of champagne's crucial US market
By Clotaire Achi VERZENAY, July 18(Reuters) - Champagne producers in northeastern France need to find new markets after U.S. President Donald Trump threatened 30% tariffs on EU exports, the chairman of a French industry group said, suggesting Brazil, Southeast Asia and South Africa as options. Th...
Reuters
Fri, Jul 18
WTI rises on Middle East tensions and softer US Dollar
West Texas Intermediate (WTI), the US Crude Oil benchmark, extends gains for the second straight day on Friday, with spot prices hovering around $66.90 during the American trading hours, up nearly 1% on the day.
WTI
Fxstreet
Fri, Jul 18
TIMELINE-Biggest oil and gas sector deals since start of the century
July 18 (Reuters) - U.S. oil and gas major Chevron CVX.N completed its $53 billion acquisition of Hess HES.N on Friday, after it prevailed in a landmark legal battle against larger rival Exxon Mobil XOM.N to gain access to the biggest oil discovery in decades. Chevron's acquisit...
Reuters
Fri, Jul 18
Gold recovers as focus shifts to US consumer sentiment data
Gold (XAU/USD) is trading higher on Friday as investors remain focused on Fed expectations and look ahead to key US economic data. At the time of writing, XAU/USD recovers above $3,350, pushing the price closer toward the upper boundary of a symmetrical triangle pattern.
Gold
Fxstreet
Fri, Jul 18
Iraq's Kurdish oil exports restart is not imminent
No preparation yet for pipeline restart, sources sayDrone attacks have cut Kurdistan oil outputIran-backed militias suspected of conducting the attacksBy Ahmed Rasheed and Anna Hirtenstein BAGHDAD/LONDON, July 18 (Reuters) - A restart of Iraq's Kurdish oil exports is not imminent, sources clo...
Reuters
Fri, Jul 18
OPEC does not correct, but clarifies – Commerzbank
OPEC was the last of the three agencies to present its monthly update of its forecasts this week, Commerzbank's commodity analyst Barbara Lambrecht notes.
Fxstreet
Fri, Jul 18
Azerbaijan's Sovereign Wealth Fund To Acquire Minority Stake In 402 MW Of Solar Assets In Italy From Enfinity Global
AZERBAIJAN'S SOVEREIGN WEALTH FUND TO ACQUIRE MINORITY STAKE IN 402 MW OF SOLAR ASSETS IN ITALY FROM ENFINITY GLOBALENFINITY GLOBAL: SOFAZ TO ACQUIRE 49% STAKE IN A 402 MW PORTFOLIO OF SOLAR POWER PLANTS IN ITALY FROM ENFINITY GLOBALENFINITY GLOBAL: RETAINS 51% STAKE IN 402 MW OF SOLAR ASSETS IN...
Reuters
Fri, Jul 18
Europe's busiest cruise port Barcelona to scale back amid overtourism concerns
By Corina Pons and Joan Faus MADRID/BARCELONA, July 18 (Reuters) - The port of Barcelona, Europe's busiest for cruise ships, will scale back its passenger terminal capacity by 2030 as the city tries to put the brakes on surging arrivals and address concerns about overtourism.The city hall and...
Reuters
Fri, Jul 18
Oil market in wait-and-see mode – Commerzbank
Oil prices have largely remained unchanged in recent days, Commerzbank's commodity analyst Barbara Lambrecht notes.
WTI
Fxstreet
Fri, Jul 18
The Gold price has run out of steam – Commerzbank
The Gold price seems to be increasingly running out of steam.
Gold
Fxstreet
Fri, Jul 18
Kinder Morgan Elba LNG export plant in Georgia starts to take in natgas, LSEG data shows
July 18 (Reuters) - U.S. energy firm Kinder Morgan's KMI.N Elba Island liquefied natural gas export plant in Georgia was on track to take in a small amount of natural gas on Friday, a sign it was on track to exit a two-day maintenance outage, data from LSEG showed.Data from the financial firm sa...
Reuters
Fri, Jul 18
COLUMN- Exxon vs. Chevron battle sets stage for oil industry's race for prize assets: Bousso
Chevron wins legal dispute over Hess's stake in Guyana's Stabroek oil blockExxon-Chevron rivalry shapes U.S. energy sector, competing for dominance in shale oilOil firms face dwindling reserves, limited options for building reserves amid cost controlBy Ron Bousso LONDON, July 18 - The hig...
Reuters
Fri, Jul 18
Mexican truck drivers study English to comply with new US language rules
By Jose Luis GonzalezCIUDAD JUAREZ, Mexico, July 18 (Reuters) - Mexican truck drivers in the border city of Ciudad Juarez have begun studying English in efforts to comply with an executive order by President Donald Trump requiring commercial drivers in the U.S. to meet English-proficiency standards....
Reuters
Fri, Jul 18
BREAKINGVIEWS-UK’s nuclear push may hand investors a cushy deal
By Yawen ChenLONDON, July 18 (Reuters Breakingviews) - Brookfield’s BAM.TO reported plan to take a 25% stake in the Sizewell C nuclear project would mark a big vote of confidence in Britain’s atomic energy revival. But while it suggests that private capital could play a role in funding the country’...
Reuters
Fri, Jul 18
GRAINS-Soybean heads for 3% weekly gain on US demand hopes
CANBERRA/PARIS, July 18 (Reuters) - Chicago soybean futures rose for a third consecutive session on Friday, on track for a weekly gain of more than 3%, supported by hopes for improved U.S. exports and expectations that the country's biofuel policy would boost demand for soyoil. However, plentifu...
Reuters
Fri, Jul 18
Barclays Maintains Their $72/B And $70/B Brent Forecasts For 2025 And 2026, Respectively
July 18 (Reuters) - BARCLAYS:SAYS "WE MAINTAIN OUR $72/B AND $70/B BRENT FORECASTS FOR 2025 AND 2026, RESPECTIVELY"
Reuters
Fri, Jul 18
PRECIOUS-Gold drifts higher; platinum at highest in over a decade
EU approves new Russia sanctionsCarnival has moved to silver, platinum and palladium- analystPalladium up 4%By Anushree Mukherjee July 18 (Reuters) - Gold prices firmed on Friday on a weaker dollar and persistent geopolitical tensions, though easing concerns about the U.S. Federal Reserve's i...
Reuters
Fri, Jul 18
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