News
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Gold pares gains as Dollar strength, Ukraine peace rumors offset safe-haven demand
Gold (XAU/USD) remains firm during the North American session on Wednesday, but trims earlier gains of over 1% as the US Dollar (USD) rallies sharply as traders wait for a key US job report due on Thursday and assess the developments on the Russia-Ukraine war.
Fxstreet
Wed, Nov 19
US lawmakers say any civil nuclear deal with Saudi must not create arms race
US and Saudi reach initial civil nuclear agreementUS energy secretary says it does not allow Saudi to enrich uraniumSenators warn against creating Middle East arms raceBy Timothy Gardner WASHINGTON, Nov 19 (Reuters) - U.S. lawmakers cautioned against ushering in a nuclear arms race in the Middle ...Reuters
Wed, Nov 19
Trump administration proposes to loosen rules protecting endangered species
Nov 19 (Reuters) - The Trump administration on Wednesday proposed four new rules that would roll back Biden-era regulations that strengthened protections for endangered species.The move is aligned with President Donald Trump's effort to unwind what he says are burdensome federal regulations for ...Reuters
Wed, Nov 19
Aramco signs preliminary US deals worth more than $30 billion
DUBAI/CAIRO, Nov 19 (Reuters) - Oil giant Saudi Aramco 2223.SE said on Wednesday it had signed 17 preliminary deals with U.S. companies with a potential overall value of more than $30 billion, during a visit to Washington by the Saudi Crown Prince. The projects span liquefied natural gas, financial ...Reuters
Wed, Nov 19
Cuba struggles to ease power cuts amid reduced fuel supplies from Venezuela, Mexico
Cuba's oil imports from Mexico are down 73% to some 5,000 bpdImports from Venezuela fall almost 15% to some 27,000 bpdPower capacity to cover nearly a third of demand shut down Power cuts topping nine hours in Havana, some provinces seeing just two hours of electricity a dayBy Marianna Parraga a...Reuters
Wed, Nov 19
US Cash Grains-Corn basis steady-firmer at ethanol sites; soy bids flat
CHICAGO, Nov 19 (Reuters) - Basis bids for corn firmed at some Midwest ethanol plants on Wednesday while bids elsewhere held mostly steady as Chicago Board of Trade corn and soy futures declined.The corn basis improved by 2 to 3 cents a bushel at ethanol facilities in Union City, Indiana, and Annawa...Reuters
Wed, Nov 19
EDPR Signs Asset Purchase Agreement With WEC For Solar Project In U.S.
Nov 19 (Reuters) - EDP Renovaveis SA EDPR.LS:SIGNS WITH WEC ASSET PURCHASE AGREEMENT FOR A 225 MWAC SOLAR PROJECT IN USSIGNING THROUGH SUBSIDIARY EDP RENEWABLES NORTH AMERICAPROJECT PLANNED TO BECOME OPERATIONAL BY 2028ASSET PURCHASE AGREEMENT FOR ESTIMATED ENTERPRISE VALUE OF $0.5 BILLIONSource tex...Reuters
Wed, Nov 19
Trump administration may delay biofuel import credit cuts as refiners balk
Administration may delay program by one or two yearsMove would please US refiners but upset farm lobbySources say no final decision on delay has been madeBy Jarrett RenshawNov 19 (Reuters) - President Donald Trump's administration is considering delaying for one or two years its proposed cuts in...Reuters
Wed, Nov 19
Europe Gasoline/Naphtha-Gasoline cracks soften on US stockbuild
LONDON, Nov 19 (Reuters) - Northwest European gasoline profit margins fell by 49 cents to $22.75 a barrel on Wednesday, pressured by an unexpected rise in U.S. inventories of the motor fuel. A total of 11,000 metric tons of Eurobob E5 gasoline barges traded as Gunvor sold to TotalEnergies, BMV, Exxo...Reuters
Wed, Nov 19
Lithium price rebound lifts SQM profits and demand outlook
Lithium demand could rise to 1.5 million metric tons this year, SQM reportsSQM lowers 2025-2027 capex to $2.7 billionCodelco lithium tie-up in Chile to close by year-endBy Daina Beth Solomon Nov 19 (Reuters) - Lithium demand could rise 25% this year versus 2024, Chilean producer SQM said on Wedne...Reuters
Wed, Nov 19
CORRECTED-Harmony Gold considers Papua New Guinea copper venture with Newmont Corp
By Colleen Goko and Nqobile DludlaJOHANNESBURG, Nov 18 (Reuters) - South Africa's Harmony Gold HARJ.J is evaluating a substantial copper venture in Papua New Guinea in partnership with U.S. mining giant Newmont Corporation NEM.N, Chairman Patrice Motsepe said on Tuesday."There's a huge i...Reuters
Wed, Nov 19
EU wheat prices ease with Chicago as China-fuelled rally subsides
PARIS, Nov 19 (Reuters) - Euronext wheat prices fell on Wednesday in step with Chicago as a grain market rally spurred by Chinese purchases of U.S. soybeans faded and wheat traders turned their attention back to ample global supply.March wheat BL2H6, the most-active contract on the Paris-based Euron...Reuters
Wed, Nov 19
California refinery closures spark pipeline race to West Coast
Pipeline projects aim to fill void from refinery closuresFeasibility hinges on shipper commitments, analysts sayProjects face competition from seaborne importsBy Nicole Jao and Shariq Khan NEW YORK, Nov 18 (Reuters) - A race is on among energy companies to build a major fuel pipeline to the U.S. ...Reuters
Wed, Nov 19
Gold Price Forecast: XAU/USD back below $4,100 amid resurgent USD demand
Risk aversion dominates financial markets in the American session on Wednesday, resulting in a much firmer US Dollar (USD) across the FX board. In the case of XAU/USD, demand for safety benefits both Gold and the Greenback, keeping the pair afloat, though off its intraday high of $4,132.Fxstreet
Wed, Nov 19
WTI falls as EIA draw offset API build, Russian sanctions limit downside
West Texas Intermediate (WTI) US Oil trades around $59.00 on Wednesday at the time of writing, down 2.80% on the day. The price remains under pressure as traders weigh mixed US inventory data and monitor escalating geopolitical risks linked to upcoming sanctions on major Russian producers.
Fxstreet
Wed, Nov 19
Saudi Aramco announces 17 MoUs with US firms potentially worth over $30 bln
CAIRO, Nov 19 (Reuters) - Saudi state oil producer Aramco announced on Wednesday 17 memoranda of understanding and agreements with U.S. companies with potential total value exceeding $30 billion.It said the projects span LNG, financial services, advanced materials manufacturing and procurement of ma...Reuters
Wed, Nov 19
Rosneft cuts stake in Kurdistan pipeline subsidiary to save it from US sanctions
By Ahmed Rasheed and Nerijus Adomaitis BAGHDAD, Nov 19 (Reuters) - Rosneft ROSN.MM has reduced its stake in the Kurdistan Pipeline Company (KPC) to less than 50% after talks aimed at protecting the subsidiary from U.S. sanctions, a Kurdistan Regional Government (KRG) official told Reuters on Wedn...Reuters
Wed, Nov 19
Cameroon buys power utility Eneo from Actis in $139 million deal
By Amindeh Blaise Atabong YAOUNDE, Nov 19 (Reuters) - Cameroon has acquired British private equity firm Actis' 51% stake in power utility Eneo for 78 billion CFA francs ($139 million), the finance minister said on Wednesday, in a deal giving the government 95% control of the company.The agree...Reuters
Wed, Nov 19
Burford's $35 million bet on antitrust claims hits snag in US bankruptcy court
By Mike Scarcella WASHINGTON, Nov 19 (Reuters) - A judge in Texas has dealt litigation funder Burford Capital BURF.L a setback in its bid to collect on a $35 million investment in antitrust lawsuits brought by bankrupt food distributor Harvest Sherwood.Burford affiliates had sued Harvest Sherwood...Reuters
Wed, Nov 19
