News
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UBS Lowers Brent Crude End-2025 And March 2026 Forecasts To $62/Bbl
Aug 18 (Reuters) - UBS:EXPECTS BRENT CRUDE OIL TO STAY IN A $60-70/BBL TRADING RANGE, BUT LOWERED ITS END-2025 AND MARCH 2026 FORECASTS TO $62/BBL ON A HIGHER SUPPLY FROM SOUTH AMERICA AND RESILIENT OUTPUT FROM SANCTIONED COUNTRIES, BEFORE EXPECTS PRICES TO PICK UP TO $65/BBL BY MID-2026Reuters
Mon, Aug 18
EUROPE GAS-Prices steady ahead of US-Ukraine meeting
LONDON, Aug 18 (Reuters) - Dutch and British wholesale gas prices were largely steady on Monday morning after talks in Alaska on Friday failed to secure a ceasefire and ahead of a meeting in Washington today between the United States and Ukraine and European leaders.U.S. President Donald Trump said ...Reuters
Mon, Aug 18
TECHNICALS-CBOT soybeans may fall toward $10.28-1/4
For more technical analyses, please click SINGAPORE, Aug 18 (Reuters) - The CBOT soybean November contract SX25 may break support at $10.36-1/2 per bushel and fall towards the next support at $10.28-1/4.The correction from $10.49-1/2 could consist of three waves. The current wave c is expected to tr...Reuters
Mon, Aug 18
Major hurricane Erin grows in size but forecast track still avoids direct land impact
By Scott VincentAug 17 - (The Insurer) - Hurricane Erin reintensified to Category 4 late on Sunday with the storm's maximum sustained winds rising to 130 mph (209 kph).In its 11 p.m. AST update (0300 GMT), the U.S. National Hurricane Center said Erin's forecast track continues to take it on ...Reuters
Mon, Aug 18
South Africa's Thungela half-year profit plunges 80% on weak coal prices
Aug 18 (Reuters) - South African thermal coal exporter Thungela Resources' TGAJ.J half-year profit fell 80% due to weaker prices for the fossil fuel, it said on Monday.Thungela posted headline earnings per share of 1.92 rand ($0.1093) rand in the six months to June 30, compared to 9.52 rand dur...Reuters
Mon, Aug 18
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Monday, early in the European session. WTI trades at $62.06 per barrel, down from Friday’s close at $62.31.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $65.74.
Fxstreet
Mon, Aug 18
LNG cargoes from sanctioned Arctic LNG 2 project travel east, data shows
SINGAPORE, Aug 18 (Reuters) - Four liquefied natural gas (LNG) tankers carrying cargoes from Russia's Arctic LNG 2 plant, sanctioned over Moscow's war in Ukraine, are headed east toward Asia, according to ship tracking data from Kpler and LSEG.The Christophe De Margerie tanker is travelling ...Reuters
Mon, Aug 18
RPT-ANALYSIS-Tough US stance casts gloom over plastics pollution deal after Geneva flop
Trump administration seen digging in on positions, delegates sayNegotiations described as 'chaotic', with some blaming UNChina acknowledges need to address full-life cycle of plasticsBy Olivia Le Poidevin and Emma Farge GENEVA, Aug 15 (Reuters) - The collapse on Friday of a sixth round of...Reuters
Mon, Aug 18
Australia's BlueScope logs profit plunge as tariff 'maze' hits demand, forces writedown
One-off impairment charge on US business of A$439 million Underlying profit down 51%, below estimatesNet profit tumbles 90%Sees solid growth for first-half operating earningsBy John Biju and Byron KayeAug 18 (Reuters) - Australian steel producer Bluescope BSL.AX said annual profit plummeted 90%, bl...Reuters
Mon, Aug 18
Aleon Metals Secures $188 Mln Financing And Initiates Restructuring To Strengthen U.S. Critical Minerals Supply
Aug 17 (Reuters) - ALEON METALS SECURES $188 MILLION FINANCING AND INITIATES RESTRUCTURING TO STRENGTHEN U.S. CRITICAL MINERALS SUPPLYALEON METALS: FILES VOLUNTARY CHAPTER 11 PETITIONS TO RESTRUCTURE BALANCE SHEET AND COMPLETE SALE PROCESSReuters
Mon, Aug 18
Erin re-intensifies into category 4 hurricane
Aug 17 (Reuters) - Hurricane Erin has re-intensified into a category 4 storm on Sunday after completing an eyewall replacement cycle, with the U.S. National Hurricane Center warning of life-threatening surf and rip currents along the U.S. eastern seaboard this week.The hurricane was about 965 miles ...Reuters
Mon, Aug 18
WTI slumps below $62.00 as traders brace for Trump-Zelenskiy talks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.80 during the Asian trading hours on Monday. The WTI tumbles as traders remain cautious ahead of US President Donald Trump’s meeting with Ukrainian President Volodymyr Zelenskiy on Monday.Fxstreet
Mon, Aug 18
PRESS DIGEST-British Business - August 18
Aug 18 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- The acquisition of Oxford Ionics by IonQ IONQ.N at $1.1 billion could be delayed as the deal is subject to natio...Reuters
Mon, Aug 18
Valero Texas City Refinery Reports Emissions
Aug 17 (Reuters) - Valero Energy Corp VLO.N:REPORTS LOSS OF BOILER FEED WATER TO THE GOHT SRU TRAIN NO. 1 AND NO. 2 RESULTED IN A UNIT UPSET AND CAUSED EXCESS EMISSIONS AT THE SOUTH PLANT INCINERATOR G-2063 AND AT THE GOHT INCINERATOR G-18-1403 AT GALVESTON, TEXAS CITY REFINERYREPORTS EMISSIONS WERE...Reuters
Mon, Aug 18
Silver Price Forecast: XAG/USD rebounds from 200-SMA on H4, $38.25 barrier holds the key
Silver (XAG/USD) attracts some dip-buyers near the $37.80 region during the Asian session on Monday. The white metal climbs back above the $38.00 mark, hitting a fresh daily peak in the last hour.Fxstreet
Mon, Aug 18
