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Increase in Saudi Arabia's Oil production doesn't lead to higher export supply – Commerzbank
Saudi Arabia exported less Crude Oil in June despite a significant increase in Oil production, according to data from the Joint Organizations Data Initiative (JODI), Commerzbank's commodity analyst Carsten Fritsch notes.
Fxstreet
15 hours ago
Sharp decline in US Crude Oil inventories, gradual easing of distillate supplies – Commerzbank
Oil prices received support in the middle of the week from an unexpectedly sharp decline in US Crude Oil inventories last week of 6 million barrels, as reported by the US Department of Energy, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
15 hours ago
Gold tops $3,350 as Powell puts September rate cut on the table
Gold price rises as the Fed Chair Jerome Powell opens the door for a September rate cut as he said that “downside risks to the labor market are rising.” At the time of writing, the XAU/USD trades volatility, surpassing the $3,350 initial resistance, up by 0.40%.Fxstreet
15 hours ago
REFILE-EXCLUSIVE-ADB to back Pakistan rail upgrade as China financing stalls, sources say
ADB to lead $2 billion railway network upgradeADB steps in after decade of Chinese delaysOfficials say move will not upset ChinaKarachi–Rohri upgrade key for Pakistan's copper-gold mineBy Saeed Shah and Ariba Shahid ISLAMABAD, Aug 22 (Reuters) - The Asian Development Bank will fund upgrades ...Reuters
16 hours ago
CBOT Trends-Wheat and corn steady-down 2 cents, soybeans up 1-4
CHICAGO, Aug 22 (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 - Steady to down 2 cents per bushelWheat futures Wv1 ease on profit-taking ahead of the weekend and after...Reuters
16 hours ago
Ukrainian attack suspends Russian oil flows to Hungary, Slovakia
Ukraine stepping up attacks on Russian energy infrastructureTrump is "angry" by the attacks on Druzhba - copy of a letterUnecha pumping station key part of Europe-bound Druzhba pipelineRussian regional governor says Unecha site catches fire as result of Ukrainian missile, drone attacksOil fl...Reuters
16 hours ago
Gold steadies near $3,330 as Jackson Hole takes center stage
Gold (XAU/USD) is trading on the back foot for a second straight day on Friday, weighed down by a strong US Dollar (USD) and firm Treasury yields. At the time of writing, the precious metal is hovering near $3,330, down 0.21% on the day.Fxstreet
16 hours ago
Surging US LNG exports to fuel growth in shale gas production
U.S. LNG exports to rise 10% annually through 2030, analysts sayGas supply to come from major shale basins like Permian and MarcellusPipeline expansions needed to meet growing LNG demand, CEOs emphasizeBy Scott DiSavino Aug 22 (Reuters) - U.S. liquefied natural gas exports will soar by roughly 10...Reuters
16 hours ago
GRAINS-Soybeans extend gains to two-month peak; corn and wheat ease
PARIS/BEIJING, Aug 22 (Reuters) - Chicago soybeans rose further on Friday to a two-month peak as brisk weekly exports, hopes that China will revert to buying U.S. crop and a rally in soyoil offset supply pressure from favourable U.S. field conditions.Corn edged down from a three-week high the previo...Reuters
17 hours ago
Canada's Aldebaran plans $1.5 billion capex for Argentina copper project
By Lucila Sigal SAN JUAN, Aug 22 (Reuters) - Canada's Aldebaran Resources will require at least $1.5 billion to develop its Altar copper project in northern Argentina, country manager Javier Robeto said in an interview. The company plans to include the figure in its preliminary economic asses...Reuters
17 hours ago
ATCO receives regulatory approval for Yellowhead Pipeline Project
Aug 22 (Reuters) - Energy infrastructure developer ATCO ACOx.TO said on Friday it has received approval from the Alberta Utilities Commission on its needs-assessment application for the Yellowhead Pipeline Project.The Yellowhead Pipeline Project, spanning over 230 kilometers (142.92 miles) from the ...Reuters
17 hours ago
PRESS DIGEST-Canada - August 22
Aug 22 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL** Scott Moe, premier of the major grain-growing Canadian province of Saskatchewan, said on Thursday he will travel t...Reuters
17 hours ago
Asia Naphtha/Gasoline-Naphtha October buying aplenty; gasoline cracks at more than 1-year high
SINGAPORE, Aug 22 (Reuters) - Asia's naphtha markets recorded a slew of buying activity for October spot cargoes, though traders were grappling with talks of slightly tighter supply expectations going into next month.Naphtha's refining margins NAF-SIN-CRK gained slightly from last week, clos...Reuters
18 hours ago
PRECIOUS-Gold slips as dollar firms; spotlight on Powell's Jackson Hole remarks
Fed Chair Powell to deliver Jackson Hole address at 1400 GMTMarkets put chance of Fed rate cut next month at 71%Dollar gains as traders rethink rate cut betsBy Ishaan Arora Aug 22 (Reuters) - Gold slipped on Friday due to a firmer dollar, with markets awaiting U.S. Federal Reserve Chair Jerome Po...Reuters
18 hours ago
FACTBOX-What issues are likely to be discussed at the US-South Korea summit?
By Joyce Lee and Hyunjoo Jin SEOUL, Aug 22 (Reuters) - U.S. President Donald Trump hosts South Korean President Lee Jae Myung in Washington for their first summit meeting on Monday, after the countries struck a trade deal last month lowering U.S. tariffs on the Asian ally to 15% from a threatened...Reuters
19 hours ago
Gas: TTF rallies on Norway maintenance risks – ING
European Gas prices climbed nearly 4% as upcoming Norwegian maintenance raises supply concerns. With storage levels still lagging historical norms, Europe must stay competitive with Asia to secure LNG ahead of winter, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
19 hours ago
ANALYSIS-Air Canada union's defiance of Canadian government order could embolden workers
Air Canada's defiance a pivotal moment in labor relationsSection 107's use criticized by unions and labor expertsUpcoming negotiations may see increased union resistanceBy Promit Mukherjee and Allison Lampert OTTAWA, Aug 22 (Reuters) - Canada's government stepped in four times to aid ...Reuters
19 hours ago
