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GLOBAL LNG-Asia spot prices rise for third straight week on cold-weather demand
By Emily Chow SINGAPORE, Jan 30 (Reuters) - Asia spot liquefied natural gas rose for a third week on Friday to hold at a nine-week high, as colder temperatures lifted heating demand in the Northern Hemisphere and as U.S. export loadings eased earlier this week. The average LNG price for March del...Reuters
Fri, Jan 30
RPT-BREAKINGVIEWS-Panama ports ruling leaves Hutchison all at sea
By Una Galani and Ka Sing Chan HONG KONG, Jan 30 (Reuters Breakingviews) - The Panama problem has finally exploded for the Li family, and the consequences will be far-reaching. On Thursday, amid U.S. pressure, the country's top court decided to annul CK Hutchison's 0001.HK port contracts ...Reuters
Fri, Jan 30
Demand on largest US electric grid forecast close to winter record
By Tim McLaughlinJan 30 (Reuters) - Power demand on the largest U.S. electric grid on Friday is expected to peak at about 141 gigawatts, just shy of the all-time winter record on the PJM Interconnection, according to the operator's latest seven-day forecast.PJM's performance has been closely...Reuters
Fri, Jan 30
Chevron beats Q4 profit estimate, eyes Venezuela investment opportunities
By Sheila Dang HOUSTON, Jan 30 (Reuters) - Chevron's CVX.N fourth-quarter profits fell but came in ahead of estimates as it focused on cutting costs and making its operations more efficient to contend with lower crude prices throughout 2025.The only U.S. oil producer currently operating in Ve...Reuters
Fri, Jan 30
Polish copper miner KGHM dismisses CEO Szydlo
GDANSK, Jan 30 (Reuters) - Polish copper miner KGHM KGH.WA dismissed CEO Andrzej Szydlo and deputy CEO Piotr Stryczek on Friday, the company said in a statement, without providing a reason. As of 1122 GMT, shares of the company were down 7.5%, as the leadership overhaul coincided with a sharp correc...Reuters
Fri, Jan 30
North Sea benchmark oil supply to fall in March
LONDON, Jan 30 (Reuters) - Supply of the five North Sea crude oil grades underpinning the dated Brent benchmark will average about 498,000 barrels per day (bpd) in March, down from 575,000 bpd in February, loading programmes showed.Brent, Forties, Oseberg, Ekofisk and Troll are the five North Sea gr...Reuters
Fri, Jan 30
Chevron says downtime could hit first-quarter output by up to 225,000 boepd
Jan 30 (Reuters) - U.S. oil and gas major Chevron CVX.N said on Friday turnarounds and downtime are expected to reduce its upstream production by 185,000 to 225,000 barrels of oil equivalent per day in the first quarter.The company added refinery turnarounds and downtime during the current quarter a...Reuters
Fri, Jan 30
Polish copper miner KGHM dismisses CEO Szydlo
GDANSK, Jan 30 (Reuters) - Polish copper miner KGHM KGH.WA dismissed CEO Andrzej Szydlo and deputy CEO Piotr Stryczek on Friday, the company said in a statement, without providing a reason.The supervisory board has delegated its member Remigiusz Paszkiewicz to temporarily perform the duties of the C...Reuters
Fri, Jan 30
Chevron beats Q4 profit estimate, eyes Venezuela investment opportunities
By Sheila Dang HOUSTON, Jan 30 (Reuters) - Chevron's CVX.N fourth-quarter profits fell but came in ahead of estimates as it focused on cutting costs and making its operations more efficient to contend with lower crude prices throughout 2025.The only U.S. oil producer currently operating in Ve...Reuters
Fri, Jan 30
North Sea benchmark oil supply to fall in March
LONDON, Jan 30 (Reuters) - Supply of the five North Sea crude oil grades underpinning the dated Brent benchmark will average about 498,000 barrels per day (bpd) in March, down from 575,000 bpd in February, loading programmes showed.Brent, Forties, Oseberg, Ekofisk and Troll are the five North Sea gr...Reuters
Fri, Jan 30
Gold Price Forecast: XAU/USD corrects lower with $5,000 on the bears focus
Gold’s (XAU/USD) rally came to an abrupt halt on Thursday. The precious metal dropped nearly 10% in less than 24 hours and is trading around $5,080 at the time of writing, with the $5,000 psychological level at a short distance.
Fxstreet
Fri, Jan 30
RPT-ROI-Old-economy demands may stall emerging market decarbonization: Maguire
By Gavin Maguire LITTLETON, Colorado, Jan 30 (Reuters) - While North America and Europe scramble to build the data centers needed to run 21st-century businesses, many emerging markets remain anchored to 20th-century products like steel, cement and plastics for job creation and economic growth. Th...Reuters
Fri, Jan 30
RPT-ROI-Oil needs an Iran supply shock, not tough talk, to break out of range: Bousso
By Ron Bousso LONDON, Jan 30 (Reuters) - Oil prices remain stuck in a narrow band even after soaring 15% in January, partly on fears of a fresh U.S. strike on Iran. Tough talk on either side is unlikely to push crude prices much higher, given today's well-supplied market. What would be needed...Reuters
Fri, Jan 30
FOCUS-Gold rally pushes Italian jewellers to make leaner designs
Italian jewellers adapt designs to reduce gold content Small jewellers face most acute challenges Big brands like LVMH also affectedWedding rings highlight price sensitivity, demand for gold remains strongBy Alessandro Parodi Jan 29 (Reuters) - In Italy's storied gold‑making hubs, jewellers a...Reuters
Fri, Jan 30
OPEC+ set to keep oil production pause for March as prices jump, sources say
OPEC+ likely to keep current output policy, sources sayBrent crude prices rise to highest since August Kazakhstan's Tengiz oilfield recovering from disruptionsBy Ahmad Ghaddar, Olesya Astakhova and Alex Lawler LONDON, Jan 30 - OPEC+ is likely to keep its pause on oil output increases for Marc...Reuters
Fri, Jan 30
ANALYSIS-Visit by Britain's Starmer shows drawbacks of 'China pivot' in countering Trump
Starmer gets lower whisky tariffs, visa-free access for BritainVisit seen as latest in world 'pivot to China'China paints itself "reliable partner" in contrast with U.S.Export-heavy economy limits what Beijing can offerSome warn further integration threatens Western firms, securityBy...Reuters
Fri, Jan 30
Gold: Record-breaking streak ends – Rabobank
Rabobank's report notes that Gold has seen a significant retracement, ending its record-breaking streak. The precious metal is currently down about 8% from its peak, influenced by market reactions to potential changes in US monetary policy.Fxstreet
Fri, Jan 30
BREAKINGVIEWS-Panama ports ruling leaves Hutchison all at sea
By Una Galani and Ka Sing Chan HONG KONG, Jan 30 (Reuters Breakingviews) - The Panama problem has finally exploded for the Li family, and the consequences will be far-reaching. On Thursday, amid U.S. pressure, the country's top court decided to annul CK Hutchison's 0001.HK port contracts ...Reuters
Fri, Jan 30
Trafigura Says BPCL And Co Sign Landmark Crude Oil Supply Agreement
Jan 30 (Reuters) - Bharat Petroleum Corporation Ltd BPCL.NS:TRAFIGURA AG - BPCL AND TRAFIGURA SIGN LANDMARK CRUDE OIL SUPPLY AGREEMENTTRAFIGURA - AWARDED TENDER TO SUPPLY IRAQI BASRAH AND OMAN CRUDE OIL TO BPCL ON TERM BASIS; DELIVERY WILL BEGIN IN APRIL 2026TRAFIGURA - AGREEMENT MARKS THE FIRST OF ...Reuters
Fri, Jan 30
