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ROI-China's surging exports a sign of global metals turmoil: Andy Home
By Andy Home LONDON, Jan 30 (Reuters) - China's net imports of refined copper last year were the lowest since 2017 at 3.03 million metric tons. While inbound shipments dropped by a relatively modest 5% relative to 2024, the big change was a dramatic jump in exports. The world's largest bu...Reuters
Fri, Jan 30
Exxon CEO Says Still Willing To Send Technical Team To Visit Venezuela
Jan 30 (Reuters) - Exxon Mobil Corp XOM.N:EXXON CEO SAYS VENEZUELA SITUATION MAY GIVE OPPORTUNITY FOR FEWER NAVY PATROLS AND FRIENDLIER ENVIRONMENT FOR GUYANA EXPLORATIONEXXON CEO SAYS VENEZUELA OIL BARRELS HAVE HIGH COST AND NEED TECHNOLOGY TO BRING TO MARKET, COMPANY HAS THAT CAPABILITYEXXON CEO S...Reuters
Fri, Jan 30
US natural gas futures climb 5% on rising flows to LNG export plants
Gas futures rise as LNG export flows increaseOutput rises after Arctic blast LSEG projects gas demand to fall, storage levels drop below normalBy Scott DiSavino NEW YORK, Jan 30 (Reuters) - U.S. natural gas futures climbed about 5% on Friday as the amount of gas flowing to liquefied natural gas e...Reuters
Fri, Jan 30
Exxon CEO says first LNG at Golden Pass expected in March
Jan 30 (Reuters) - Exxon Mobil XOM.N CEO Darren Woods said on Friday the first liquefied natural gas (LNG) cargo from the Golden Pass export terminal in Texas is expected in March, marking a key milestone for the U.S. project.Reuters
Fri, Jan 30
Exxon sees more favourable operating environment near Guyana amid Venezuela shifts
Jan 30 (Reuters) - Exxon Mobil XOM.N said on Friday potential changes in Venezuela could create a more favourable operating environment near Guyana, even as parts of the Stabroek oil block remain under force majeure due to a border dispute.Reuters
Fri, Jan 30
PRECIOUS-Gold retreats after Trump's Fed chair choice firms dollar
Precious metals remain on course for monthly gainsTrump announces Kevin Warsh as new Fed Chair Gold hit record high of $5,594.82 on ThursdaySpot silver down nearly 14% By Anmol Choubey Jan 30 (Reuters) - Gold prices fell as much as 8% on Friday to briefly dip below the $5,000 per ounce mark, as t...Reuters
Fri, Jan 30
Guyana's 2025 oil production hit average of 716,000 bpd
GEORGETOWN, Jan 30 (Reuters) - Guyana produced an average of 892,000 barrels of oil per day (bpd) in December, government data showed on Friday. The December data brings total 2025 production to an average of 716,000 bpd across the country's four projects, the data showed.Reuters
Fri, Jan 30
Iran ready for 'fair' talks with US but not on defence capabilities
Iran rejects US demand to curb missile programmeUS military deployments expand amid tensionsTrump said he planned to speak with Tehran Turkey offers to facilitate US-Iran dialogueBy Jonathan Spicer and Parisa Hafezi ISTANBUL, Jan 30 (Reuters) - Iran is prepared for the resumption of talks with th...Reuters
Fri, Jan 30
Oil: Bearish fundamentals signal pull-back – TD Securities
TD Securities' Ryan McKay highlights a shift in oil market fundamentals, suggesting a potential pull-back in prices. The report indicates that a loosening of near-term fundamentals could reduce crude oil prices by at least $2-3/bbl, while geopolitical risks may also impact market dynamics.Fxstreet
Fri, Jan 30
Trafigura says it won $600 million nickel fraud lawsuit against businessman Gupta
LONDON, Jan 30 (Reuters) - Trafigura on Friday said it had won its London lawsuit against Indian businessman Prateek Gupta over fake nickel cargoes at London's High Court.Geneva-based Trafigura alleged Gupta was the mastermind of a fraudulent "Ponzi scheme" in which he and his companies ...Reuters
Fri, Jan 30
CBOT Trends-Wheat steady-up 1 cent, corn down 2, soy down 5-6
CHICAGO, Jan 30 (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. CST (1430 GMT) on Friday: WHEAT - Steady to up 1 cent per bushelCBOT wheat Wv1 held mostly steady with support from winter weather risks ...Reuters
Fri, Jan 30
Chevron beats Q4 profit estimate, eyes Venezuela investment opportunities
Chevron evaluates investment opportunities in Venezuela amid geopolitical changesQ4 profits exceed estimates despite lower crude prices, focus on cost-cuttingTengiz maintenance and weather impact Q1 production, expected to recover soonBy Sheila Dang HOUSTON, Jan 30 (Reuters) - Chevron's CVX.N...Reuters
Fri, Jan 30
PRECIOUS-Gold briefly dips below $5,000 on Fed pick and investor caution
Precious metals remain on course for monthly gainsTrump announces Kevin Warsh as new Fed Chair Gold hit record high of $5,594.82 on ThursdayBy Pablo Sinha Jan 30 (Reuters) - Gold prices tumbled by more than 8% to briefly break below the $5,000 mark as the dollar strengthened in the lead-up to Do...Reuters
Fri, Jan 30
Odds of US government shutdown rise after funding deal stalls in Senate
By David Morgan, Richard Cowan and Nolan D. McCaskill WASHINGTON, Jan 30 (Reuters) - Odds of a partial U.S. government shutdown rose on Friday after new barriers emerged in the Senate to a deal that would ensure funding for agency operations would not be interrupted.The deal, announced by Senate ...Reuters
Fri, Jan 30
BREAKINGVIEWS-Adding gold to your 60/40 portfolio is a 50/50 bet
By Jon Sindreu and Yawen Chen LONDON, Jan 30 (Reuters Breakingviews) - If you don’t suffer from schadenfreude, you may be satisfied with your financial advisor's age-old prescription of keeping 60% of your money in stocks and 40% in bonds. Since 2025, splitting portfolios this way between the...Reuters
Fri, Jan 30
Starmer says UK working with allies to block Iran's nuclear ambitions
SHANGHAI, Jan 30 (Reuters) - British Prime Minister Keir Starmer said on Friday the UK was working with allies to prevent Tehran from developing nuclear weapons, when asked whether he would support possible U.S. strikes on Iran."The goal, or the aim, here is that Iran shouldn't be able to de...Reuters
Fri, Jan 30
Canada's Imperial Oil posts lower fourth-quarter profit
Jan 30 (Reuters) - Canadian oil producer Imperial Oil IMO.TO posted a fall in fourth-quarter profit on Friday, hurt by a drop in crude prices.The Calgary, Alberta-based company said its net income fell to C$492 million ($364.31 million), or C$1.00 per share, in the quarter ended December 31,from C$1...Reuters
Fri, Jan 30
Dominion Energy says Coastal Virginia Offshore project cost increases to $11.5 billion
Jan 30 (Reuters) - Dominion Energy D.N said on Friday the total project costs for the Coastal Virginia Offshore Wind have increased to roughly $11.5 billion from $11.2 billion.The changes in estimated costs reflect the impact of temporary suspension of work issued by the U.S. government in December...Reuters
Fri, Jan 30
LyondellBasell targets $1.3 billion in cost savings after surprise quarterly loss
Jan 30 (Reuters) - Petrochemicals maker LyondellBasell LYB.N on Friday posted a surprise loss for the fourth quarter and said it aims to save $1.3 billion by the end of 2026, as it continues to keep a tight lid on costs amid volatility in feedstock and energy prices.LyondellBasell's shares, howe...Reuters
Fri, Jan 30
