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RPT-ROI-How soon before Trump dubs Kevin Warsh 'clueless'?: Mike Dolan
By Mike Dolan LONDON, Feb 2 (Reuters) - In many ways President Donald Trump's decision to pick former Federal Reserve governor Kevin Warsh to head the central bank is a relatively orthodox choice. To many, he is not the ardent interest rate slasher the U.S. president seemed to want. But maybe...Reuters
Mon, Feb 2
ConocoPhillips CEO sees global LNG market doubling by 2050
DOHA, Feb 2 (Reuters) - ConocoPhillips CEO said on Monday that the liquefied natural gas market is projected to grow to 600 million metric tons by 2030 from 400 million tons currently and further expand to 800 million tons by 2050.Reuters
Mon, Feb 2
Russia is trying to de-escalate Iran tensions, the Kremlin says
MOSCOW, Feb 2 (Reuters) - The Kremlin said on Monday that Russia was still trying to de-escalate tensions around Iran, and that it had long ago offered its services to process or store Iran's enriched uranium.Asked if Russia was discussing with Iran and the United States the possibility of takin...Reuters
Mon, Feb 2
PRECIOUS-Gold, silver fall further as CME margin hike stokes selling
Gold down over 3% after Friday's more than 9% fallSilver down over 3% after Friday's 27% plungeGold down about $900 from record highs on ThursdayBy Noel John Feb 2 (Reuters) - Gold and silver prices dropped on Monday as increased CME CME.O margin requirements added to the selling pressure...Reuters
Mon, Feb 2
Middle East Crude-Benchmarks jump; Brent's to Dubai premium falls on US-Iran de-escalation
SINGAPORE, Feb 2 (Reuters) - Middle East crude benchmarks Oman and Dubai jumped on Monday, having stayed mostly as negative in the previous month due to ample supply pressure. Previous lowered prices encouraged demand and lent some support to the market. Oman also rose to a one-week high. Brent'...Reuters
Mon, Feb 2
Kremlin says it has nothing to add on pause to energy strikes on Ukraine
MOSCOW, Feb 2 (Reuters) - The Kremlin said on Monday that it had nothing to add to what had previously been said by Russia about a pause to strikes on Ukrainian energy infrastructure.Russia and Ukraine said on Friday they had halted strikes on each other's energy infrastructure.Reuters
Mon, Feb 2
EXCLUSIVE-Carlyle in talks with potential UAE partners on Lukoil assets, sources say
Mubadala, XRG and IHC in discussions with Carlyle, sources sayDeal includes assets from Iraq oilfields to Eastern EuropeLukoil still talking to other partiesBy Shadia Nasralla and Anna Hirtenstein LONDON, Jan 30 (Reuters) - U.S. private equity firm Carlyle CG.O has begun exploratory talks with UA...Reuters
Mon, Feb 2
Implications of Panama court ruling to quash CK Hutchison port concessions
By Clare Jim, Kane Wu and Scott Murdoch HONG KONG, Feb 2 (Reuters) - Panama's Supreme Court annulled last week CK Hutchison's 0001.HK contract to operate two Panama Canal ports at the heart of a $23-billion deal to sell the Hong Kong conglomerate's global port assets. The contract hel...Reuters
Mon, Feb 2
OPEC secretariat receives updated compensation plans after exceeding output targets
DUBAI, Feb 2 (Reuters) - The OPEC secretariat has received updated compensation plans from Iraq, United Arab Emirates, Kazakhstan and Oman, the organisation said on Monday.The schedule received from the four members covered the period from last month until June of this year to make up for producing ...Reuters
Mon, Feb 2
WRAPUP 3-Slump in commodities rattles global markets
Commodities slump after Warsh picked to be U.S. Fed chairGold, silver, oil, copper see sharp lossesCME raises margin requirements following sharp Friday selloffU.S.-Iran de-escalation eases oil supply fearsBy Naveen Thukral SINGAPORE, Feb 2 (Reuters) - Commodities markets slumped on Monday, led b...Reuters
Mon, Feb 2
Japan's TDK says affected by China rare earth curbs, making diversification push
TOKYO, Feb 2 (Reuters) - Japan components manufacturer TDK 6762.T said on Monday that it is being affected by Chinese export restrictions on rare earths and is taking steps to diversify its procurement sources. China last month banned exports of dual-use items that can be used for military purposes ...Reuters
Mon, Feb 2
PRECIOUS-Gold, silver extend free fall as CME margin hike fuels selling pressure
Gold down 6% after Friday's more than 9% fallSilver down 12% after Friday's 27% plungeGold down more than $1,000 from record highs on ThursdayBy Ishaan Arora and Swati Verma Feb 2 (Reuters) - A rout in gold and silver intensified on Monday after top commodity exchange CME Group raised mar...Reuters
Mon, Feb 2
METALS-Copper plunges from record high as investors shift to risk-off positioning
Feb 2 (Reuters) - Copper plunged on Monday as investors moved into risk-off mode after Kevin Warsh was nominated the next Federal Reserve chair, while demand for the metal was also subdued in the run-up to China's Lunar New Year break.The most-active copper contract on the Shanghai Futures Excha...Reuters
Mon, Feb 2
Gold: Significant sell-off continues – Deutsche Bank
Deutsche Bank's report, authored by Jim Reid, highlights a major sell-off in Gold, with a decline of 8.95%, marking its largest daily drop since 2013. The report attributes this volatility to the nomination of Kevin Warsh as Fed Chair, which has raised hawkish expectations.
Fxstreet
Mon, Feb 2
RUBBER-Japan futures close lower as oil prices, commodity rally ease
By Ruth Chai Feb 2 (Reuters) - Japanese rubber futures ended lower for a second consecutive session on Monday, weighed down by a cooling in the broad-based commodities rally and lower oil prices. The Osaka Exchange (OSE) rubber contract for July delivery JRUc6, 0#2JRU: was down 1.2 yen, or 0.35...Reuters
Mon, Feb 2
