News
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PRECIOUS-Gold falls as firmer dollar adds to pressure of softened US trade stance
U.S. dollar firms 0.3% in U-turn from earlierU.S. core PCE price index due on FridayBy Anmol Choubey May 27 (Reuters) - Gold prices declined more than 1% on Tuesday as the dollar's reversal to trade higher added to the pressure on the safe-haven asset following U.S. President Donald Trump'...Reuters
Tue, May 27
RPT-COLUMN-Saudi's refining boom helps it weather oil price war: Bousso
Saudi refining rises to seasonal all-time high in MarchWhile kingdom's crude oil exports declineStrong refining profits can offset revenue loss from weak crude pricesBy Ron Bousso LONDON, May 27 (Reuters) - Saudi Arabia has been cranking up oil refining operations to capture strong profit mar...Reuters
Tue, May 27
PRESS DIGEST-Canada - May 27
May 27 (Reuters) - The following are the top stories from a selected Canadian newspaper. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL** Continuing seismic activity has forced Ivanhoe Mines IVN.TO to pull its copper production and cost forecast at on...Reuters
Tue, May 27
Oil prices remain stable: Possible production increases here and sanctions policy there – Commerzbank
The oil market is showing strength ahead of the OPEC+ meeting and the production decision due on Saturday by the eight cartel members who voluntarily cut production and are now considering a further significant withdrawal of these cuts in July, Commerzbank's commodity analyst Barbara Lambrecht notesFxstreet
Tue, May 27
Eni Signs Deal With GIP For Potential Sale Of A Co-Control Stake In Eni CCUS Holding
May 27 (Reuters) - Eni SpA ENI.MI:EXCLUSIVITY AGREEMENT SIGNED WITH GIP FOR THE POTENTIAL SALE OF A CO-CONTROL STAKE IN ENI CCUS HOLDINGCOMPLETES DRAFTING OF DOCUMENTS RELATED TO THE SALE OF A CO-CONTROL STAKE OF 49.99% IN ENI CCUS HOLDINGGIP WILL SUPPORT INVESTMENTS IN THE CCUS PROJECTSReuters
Tue, May 27
Tyremaker Goodyear India posts quarterly profit on higher replacement demand
May 27 (Reuters) - Tyremaker Goodyear India GDYR.BO reported a profit in the fourth quarter on Tuesday, as higher replacement demand for tyres offset the impact of higher rubber prices.U.S.-based Goodyear Tire's GT.O Indian unit posted a profit of 48.7 million rupees ($570,578) for the three mon...Reuters
Tue, May 27
ICA upgrades NSW floods to catastrophe as claims near 5000
By Ryan HewlettMay 27 - (The Insurer) - The Insurance Council of Australia (ICA) has upgraded its classification of the Mid North Coast and Hunter flooding to an ‘insurance catastrophe’ as claims surge into the thousands.The ICA had declared the floods a “significant event” on May 21 but said on Mon...Reuters
Tue, May 27
GRAINS-Wheat slips again as weather risks recede
CANBERRA/PARIS, May 27 (Reuters) - Chicago wheat fell for a third straight session on Tuesday, as the risk of crop-damaging weather ahead of the northern hemisphere harvest receded, reinforcing expectations of a well-supplied market.Corn also eased, curbed by a bounce in the dollar =USD and favourab...Reuters
Tue, May 27
WTI Oil picks up, but is expected to find resistance at $62.00
Crude prices are paring losses on Tuesday as the UK and US markets return from a long weekend on an upbeat market mood. Trump’s decision to delay tariffs on European products has eased concerns about severe damage to global growth and to Oil demand by extension.
Fxstreet
Tue, May 27
CORRECTED-COMEX copper inventories surge, close to LME levels
By Ashitha Shivaprasad May 23 (Reuters) - Copper inventories in COMEX-registered warehouses are approaching those held on the London Metal Exchange (LME) and may soon surpass them for the first time since 2022 as traders aim to profit from high prices in the U.S., which could impose tariffs on im...Reuters
Tue, May 27
Gold extends correction amidst trade optimism, stronger US Dollar
Gold (XAU/USD) price extends correction, sliding below the $3,300 mark at the time of writing on Tuesday amid improving risk-on mood and a stronger US Dollar (USD). Gold extends its decline for a second day this week as the US dollar caught up with some gains and demand for haven assets cooled, witFxstreet
Tue, May 27
Cerberus eyes Darwin Port, says Chinese port operator, amid Australia's local ownership push
Cerberus met with Darwin Port in May, says Landbridge executive China's Landbridge signed 99-year lease in 2015Australia held talks with potential local investors By Kirsty Needham SYDNEY, May 27 (Reuters) - U.S. private equity firm Cerberus has shown interest in acquiring the lease for Darw...Reuters
Tue, May 27
EUROPE GAS-Prices steady as weaker demand offsets Norwegian supply cuts
LONDON, May 27 (Reuters) - Dutch and British wholesale gas prices were little changed on Tuesday morning as warmer weather lowered demand and helped to offset weaker supply from Norway owing to maintenance at the Troll gas field.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was...Reuters
Tue, May 27
OPEC+ must be mindful of rising oil demand, UAE energy minister says
ABU DHABI, May 27 (Reuters) - The OPEC+ oil producer group is doing its best to balance the market but needs to be mindful of rising demand, United Arab Emirates Energy Minister Suhail Mohamed Al Mazrouei said at a forum in Abu Dhabi on Tuesday.Reuters
Tue, May 27
SOCAR, Gunvor, Bin Butti to bid for refiner Italiana Petroli, sources say
MILAN, May 27 (Reuters) - State Oil Company of Azerbaijan (SOCAR), global commodity trader Gunvor and Abu Dhabi-based Bin Butti Group are expected to submit binding offers for Italian oil refiner Italiana Petroli (IP) next week, two sources close to the deal said on Tuesday. IP, also known as API Gr...Reuters
Tue, May 27
