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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
Azeri sovereign fund buys 49% of Enfinity's Italian solar plants
ROME, July 18 (Reuters) - Azerbaijan's sovereign oil fund (SOFAZ) has bought a 49% stake in Italian solar plants owned by U.S. renewable energy company Enfinity Global, the two companies said on Friday.The deal involves 14 solar power plants in the Lazio and Emilia-Romagna regions which Enfinity...Reuters
Fri, Jul 18
RPT-COLUMN-Trump's push for a comeback in coal may turn to ashes: Maguire
By Gavin Maguire LITTLETON, Colorado, July 18 (Reuters) - U.S. President Donald Trump has singled out the coal industry as a key driver of U.S. energy dominance, but there are currently no new U.S. coal plants under construction and utilities have identified quicker and cheaper paths to boost pow...Reuters
Fri, Jul 18
Indonesia still negotiating details, exemptions on US tariff deal, official says
JAKARTA, July 18 (Reuters) - Indonesia is still negotiating details of its recently-reached trade deal with the United States after Washington lowered tariff rates on the Southeast Asian country, and is pursuing exemptions for its exports of palm oil and nickel, an official said on Friday.The two co...Reuters
Fri, Jul 18
SLB posts lower quarterly profit on weak Saudi, LatAm oil drilling activity
July 18 (Reuters) - Top oilfield services company SLB SLB.N reported a lower profit for the second quarter on Friday, as weaker drilling activity in Saudi Arabia and Latin America dragged its international business.SLB, formerly known as Schlumberger, said net attributable income to company, stood a...Reuters
Fri, Jul 18
Kremlin on new EU sanctions: Russia has built up a certain immunity to such measures
MOSCOW, July 18 (Reuters) - Russia has built up a certain immunity to Western sanctions and adapted to them, the Kremlin said on Friday, after the European Union agreed an 18th package of sanctions against Moscow, including measures aimed at its oil industry. The package aims to lower the G7'...Reuters
Fri, Jul 18
US Gas stable on expected storage build – Societe Generale
US natural Gas prices held steady after EIA data showed a storage build in line with expectations, while European prices slipped as Norwegian supply disruptions eased. Despite earlier support from outages, improving UK grid flows weighed on the TTF.Fxstreet
Fri, Jul 18
US farm agency fires 70 foreign researchers following national security review
USDA fired 70 contract workers from 'countries of concern'Hiring freeze halts replacements, says union officialUnion official says scientific work set back by yearsBy Leah Douglas WASHINGTON, July 18 - The U.S. Department of Agriculture said it has fired 70 foreign contract researchers af...Reuters
Fri, Jul 18
Canada eyes Mercosur trade pact to reduce US reliance, minister says
Minister says Canada will continue talks with China to address trade challengesThawing relations between India, Canada an important step, he saysCanadian companies over-exposed to U.S., not as competitive after tariffs, minister saysCountry is seeking to diversify trade, defense procurements from th...Reuters
Fri, Jul 18
Silver Price Forecast: XAG/USD rallies to $38.40 favoured by a softer US Dollar
Silver (XAG/USD) is rallying for the third consecutive day on Friday, with bulls testing July 15 highs of 38.40 at the time of writing, as the US Dollar falls alongside US Treasury yields amid higher risk appetite.Corporate earnings reports from Netflix, the Chipmaker TSMC, PepsiCo, and United Airli
Fxstreet
Fri, Jul 18
EXCLUSIVE-China quietly issues 2025 rare earth quotas, sources say
China tightens control over rare earth sector amid trade tensionsOnly two state-owned groups eligible for quotas last yearChina controls rare earth supply via quota system July 18 (Reuters) - China has quietly issued its first 2025 rare earth mining and smelting quotas without the typical public ...Reuters
Fri, Jul 18
Kremlin on new EU sanctions: Russia has immunity to such measures
MOSCOW, July 18 (Reuters) - Russia has built up a certain immunity to Western sanctions and adapted to them, Kremlin spokesman Dmitry Peskov said on Friday, when asked to comment on a new package of EU sanctions imposed on Moscow over its conflict in Ukraine. The European Union agreed an 18th packag...Reuters
Fri, Jul 18
China urges Canada to drop steel import curbs and threatens countermeasures
BEIJING, July 18 (Reuters) - China's commerce ministry called on Canada to correct the "wrong practice" of restrictions on steel imports and said in a statement on Friday it would take necessary measures to safeguard the legitimate rights and interests of Chinese firms. Ottawa this week ...Reuters
Fri, Jul 18
FACTBOX-US utilities hit the M&A trail as AI boom drives up power demand
July 18 (Reuters) - U.S. utilities are snapping up assets and shedding units to fund their deals as they prepare to meet a massive surge in demand over the next two years, driven by power-hungry data centers needed to support the boom in artificial intelligence usagePower demand from data centers in...Reuters
Fri, Jul 18
China threatens to block Panama ports deal unless its shipping giant gets stake, WSJ reports
July 18 (Reuters) - China is threatening to block the sale of more than 40 ports, owned by Hong Kong-based CK Hutchison 0001.HK, to BlackRock BLK.N and Mediterranean Shipping Company (MSC) if Chinese shipping company Cosco does not get a stake, the Wall Street Journal reported on Thursday, citing un...Reuters
Fri, Jul 18
Talen Energy rises on deal to acquire power stations for $3.5 billion
July 18 (Reuters) - ** Shares of power producer Talen Energy TLN.O rise 14% to $300.5 premarket** Company said it is acquiring two power plants situated in Pennsylvania and Ohio for $3.5 billion ** Talen expects the move to boost the company's cash flow by over 40% in 2026** Co will pay $1.46 bi...Reuters
Fri, Jul 18
EUROPE GAS-Prices dip on stronger Norwegian supply, wind power forecasts
LONDON, July 18 (Reuters) - Dutch and British wholesale gas prices edged lower on Friday morning as supply from Norway rose and forecasts for higher wind output in Germany next week curbed demand.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was down 0.90 euro at 34.20 euros per...Reuters
Fri, Jul 18
Boliden CEO expects company to resume dividend payments
July 17 (Reuters) - Swedish miner Boliden BOL.ST plans to resume dividends going forward, the group's Chief Executive Mikael Staffas said in an interview on Friday.The copper and zinc producer, which scrapped its payout for 2024 after the acquisitions of the Somincor and Zinkgruvan mines from Lu...Reuters
Fri, Jul 18
