News
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Google inks $3 billion US hydropower deal in largest clean energy agreement of its kind
By Laila Kearney NEW YORK, July 15 (Reuters) - Google has agreed to secure as much as 3 gigawatts of U.S. hydropower in the world's largest corporate clean power pact for hydroelectricity, the company said on Tuesday, as Big Tech pursues the expansion of energy-hungry data centers.The deal be...Reuters
Tue, Jul 15
Gold Price Forecast: XAU/USD holds gains above $3,340 with US inflation on tap
Gold (XAU/USD) correction has been limited at $3,340, and the precious metal is retracing previous losses on Tuesday, approaching three-week highs at $3,380 as US Treasury yields and the US Dollar pull back from recent highs ahead of the US CPI release.The US Dollar Index, which measures the value o
Fxstreet
Tue, Jul 15
Google to invest $25 billion in data centers across Pennsylvania, neighboring states, Semafor reports
July 15 (Reuters) - Alphabet's GOOGL.O Google plans to invest more than $25 billion in data centers across Pennsylvania and neighboring states within the next two years, Semafor reported on Tuesday. The tech giant has also signed a deal with Brookfield Asset Management BAM.TO that includes initi...Reuters
Tue, Jul 15
IEA surprises with significantly higher oil production from Saudi Arabia – Commerzbank
The International Energy Agency has slightly lowered its forecasts for oil demand. It expects an increase of 700,000 barrels per day for this year and next. This is the smallest increase since the slump in 2020 during the coronavirus pandemic.
Fxstreet
Tue, Jul 15
What you need to know about the Air India Boeing Dreamliner crash
NEW DELHI, July 15 (Reuters) - The sudden movement of engine fuel switches has taken centre stage in the investigation of the Air India Boeing BA.N Dreamliner crash that killed 260 people in June, the world's worst aviation disaster in a decade. The crash poses a fresh challenge for Air I...Reuters
Tue, Jul 15
EU targets Boeing, bourbon for potential tariffs on US goods
European Commission targets $84 billion worth of US importsList pre-dates Trump's new 30% tariff threatEU seeking deal but preparing retaliation, trade chief saysBy Philip Blenkinsop BRUSSELS, July 15 (Reuters) - The European Commission is targeting 72 billion euros ($84.1 billion) worth ...Reuters
Tue, Jul 15
Google inks $3 billion US hydropower deal in largest clean energy agreement of its kind
By Laila Kearney NEW YORK, July 15 (Reuters) - Google has agreed to secure as much as 3 gigawatts of U.S. hydropower in the world's largest corporate clean power pact for hydroelectricity, the company said on Tuesday, as Big Tech pursues the expansion of energy-hungry data centers.The deal be...Reuters
Tue, Jul 15
COLUMN-Markets call Trump’s bluff on Russian oil sanctions in increasingly risky game: Bousso
Oil markets discount risk of Trump hitting Russia with secondary sanctionsRussia produces nearly 10% of global oil, is the third largest exporterSecondary sanctions could lead to severe energy price shock, inflationBy Ron Bousso LONDON, July 15 - U.S. President Donald Trump's threat to choke ...Reuters
Tue, Jul 15
WTI dips below $66.00 as Trump gives a deadline on sanctions to Russia
Crude Oil Prices reverted to previous gains on Monday, and dropped to session lows at $65.40 on Tuesday’s early trading, as Trump gave a 50-day deadline to apply further sanctions to Russia, which eased market concerns about supply.The price of the US benchmark West Texas Intermediate reached three-Fxstreet
Tue, Jul 15
The Oil market doesn’t buy the secondary tariff threat – ING
ICE Brent settled a little more than 1.6% lower yesterday, taking prices back below US$70/bbl, despite President Trump’s “major statement” on Russia. Trump threatened to impose secondary tariffs of 100% on Russia if President Putin didn’t make a deal within 50 days to end the war in Ukraine.Fxstreet
Tue, Jul 15
Iraq signs preliminary agreement with HKN Energy to develop Himreen oilfield
July 15 (Reuters) - Iraq has signed a preliminary agreement with U.S. company HKN Energy to develop the Himreen oilfield in northern Iraq, the country's oil ministry said on Tuesday.The ministry added that Iraq is aiming to boost oil production from Himreen to 60,000 barrels per day from current...Reuters
Tue, Jul 15
Iraq signs preliminary agreement with HKN Energy to develop Himreen oilfield
July 15 (Reuters) - Iraq signed a preliminary agreement with U.S. company HKN Energy to develop the Himreen oilfield in northern Iraq, the country's oil ministry said on Tuesday.The ministry added that Iraq is aiming to boost oil production from Himreen to 60,000 barrels per day.Reuters
Tue, Jul 15
EUROPE GAS-Prices decline on stable supply and flat demand
LONDON, July 15 (Reuters) - Dutch and British wholesale gas prices fell on Tuesday morning on stable Norwegian supply and flat demand.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was down by 1.10 euro at 34.90 euros per megawatt hour (MWh) by 0750 GMT, while the September contr...Reuters
Tue, Jul 15
US planes, cars, drinks on EU list for potential tariffs
BRUSSELS, July 15 (Reuters) - Aircraft, machinery, cars, chemicals and medical devices are the leading big-ticket items on the latest list of U.S. goods the European Commission has proposed to impose tariffs on if talks with Washington do not yield an agreement on trade.The package is the second put...Reuters
Tue, Jul 15
METALS-Copper prices fluctuate as China GDP meets forecast, markets eye US data
By Hongmei Li SINGAPORE, July 15 (Reuters) - Copper prices on the London Metal Exchange and the Shanghai Futures Exchange saw narrow fluctuations on Tuesday, as China's GDP growth met forecasts, while traders awaited U.S. inflation data and potential monetary policy shifts.Three-month copper ...Reuters
Tue, Jul 15
Kazakhstan hikes oil output by 11.6% in first half, no plans to quit OPEC+
Kazakhstan has exceeded OPEC+ output quotaOutput at Tengiz oilfield has been expandedSome OPEC+ members angry with Kazakhstan for surpassing quotaNo plans for Kazakhstan to leave OPEC+ ASTANA, July 15 (Reuters) - Kazakhstan's oil output in the first half of 2025 rose by around 11.6% to 49.9 m...Reuters
Tue, Jul 15
PRECIOUS-Gold supported by trade tensions ahead of US inflation data
US CPI data due at 1230 GMTSilver hovers near 14-year peakBy Brijesh Patel July 15 (Reuters) - Gold prices rose on Tuesday with global trade tensions supporting demand for safe-haven assets, and investors awaiting U.S. inflation data due later in the day that could give clues on the Federal Reser...Reuters
Tue, Jul 15
