News
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WTI slumps to near $61.00, traders await fresh round of nuclear talks between US and Iran
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $61.10 during the Asian trading hours on Thursday. The WTI price edges lower on the report that a fresh round of nuclear talks between the United States and Iran would take place later this week.
Fxstreet
Thu, May 22
PRECIOUS-Gold rises as investors grow cautious amid US debt fears
May 22 (Reuters) - Gold prices rose on Thursday as investors leaned toward the safe-haven asset due to mounting concerns over the U.S. government's growing debt and a lukewarm demand for 20-year Treasury bonds, highlighting low appetite for U.S. assets.FUNDAMENTALS* Spot gold XAU= gained 0.2% to...Reuters
Thu, May 22
Guangdong Pearl River agrees LNG purchase deal with ConocoPhillips
BEIJING, May 21 (Reuters) - Guangdong Pearl River Investment Management Group said on Wednesday it has signed a 15-year sales and purchase agreement to buy liquefied natural gas from ConocoPhillips COP.N.The company did not disclose the volume of LNG covered under the agreement, which was signed on ...Reuters
Thu, May 22
Oil prices ease on surprise builds in US inventories
By Yuka Obayashi TOKYO, May 22 (Reuters) - Oil prices eased on Thursday as unexpected builds in U.S. crude and fuel inventories raised demand concerns, while investors stayed cautious, focusing on renewed Iran-U.S. nuclear talks.Brent futures LCOc1 slipped 33 cents, or 0.5%, to $64.58 a barrel by...Reuters
Thu, May 22
RPT-WGC-Despite challenges, major LNG producers push new projects to feed global power demand
LNG seen as transition fuel amid energy security concerns post-Ukraine invasionGlobal LNG demand driven by urbanisation, AI data centres, power grid outagesRising costs and potential oversupply could impact LNG market prospectsBy Colleen Howe and Sam Li BEIJING, May 21 (Reuters) - Producers are p...Reuters
Thu, May 22
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 22 (Reuters) - Contract Target Support/Resistance Brent oil $64.04/$63.71res $64.93/$65.33/$65.82Palm oil (3rd month)3,866/3,839 ringgitres 3,910/3,946/3,981 ringgitWTI* $60.78/$60.20res $61.50/$61.99/$62.65Spot gold$3,337/$3,366sup $3,28...Reuters
Thu, May 22
CFIUS submits recommendation to Trump on Nippon Steel-US Steel tie-up, source says
May 21 (Reuters) - A powerful U.S. national security panel known as CFIUS on Wednesday submitted a recommendation to President Donald Trump on Nippon Steel's fraught $14.9 billion bid for U.S. Steel, a person familiar with the matter said. The submission complies with an executive order signed ...Reuters
Thu, May 22
CIF/FOB Gulf Grain-Corn barge bids strengthen; soy bids mixed
CHICAGO, May 21 (Reuters) - Spot basis bids for corn barges delivered to U.S. Gulf Coast terminals firmed on Wednesday, reflecting exporter demand and a slow pace of farmer selling, traders said.Soybean barge bids were narrowly mixed, supported by quiet farmer sales and competition for the oilseed f...Reuters
Wed, May 21
Silver Price Forecast: XAG/USD holds near $33.50 as US debt fears fuels haven demand
Silver price extended its rally to three days on Wednesday, edging up 0.21% as the Greenback continued to weaken across the board. Moody’s downgrade to US sovereign debt and the vote of the US fiscal budget, keeps investors seeking safety in the precious metal.
Fxstreet
Wed, May 21
US Cash Crude-Mars weakens to four month lows in volatile roll trade period
May 21 (Reuters) - Mars tumbled on Wednesday to four-month lows, dealers said, the first day of roll trade and as investors worried about demand for the oil amid increased OPEC+ output and reports that the U.S. government is set to extend Chevron's CVX.N deadline to halt its operations in Venezu...Reuters
Wed, May 21
Mosaic Co - On May, 16 Co Enters Amended And Restated Credit Agreement - SEC Filing
Mosaic Co MOS.N:MOSAIC CO - ON MAY, 16 CO ENTERS AMENDED AND RESTATED CREDIT AGREEMENT - SEC FILINGMOSAIC CO - CREDIT FACILITY UP TO $2.5 BILLION - SEC FILINGMOSAIC CO - CREDIT FACILITY MATURITY EXTENDED TO MAY 16, 2030 - SEC FILINGSource text: [ID:n0001628280-25-027098]Reuters
Wed, May 21
US redirects Puerto Rico solar power funds to oil plants
By Timothy Gardner WASHINGTON, May 21 (Reuters) - The Trump administration will halt funding of $365 million awarded during the previous administration for rooftop solar power in Puerto Rico and redirect it to fossil fuel burning plants and maintenance of infrastructure, it said on Wednesday. P...Reuters
Wed, May 21
LIVESTOCK-CME live cattle futures climb as wholesale US beef prices firm
By P.J. HuffstutterCHICAGO, May 21 (Reuters) - Chicago Mercantile Exchange live cattle firmed on Wednesday as wholesale prices continued to rise and consumer demand for beef has stayed strong amid the U.S. grilling season, market analysts said.CME feeder cattle futures mostly ticked lower, with pric...Reuters
Wed, May 21
South Africa's trade minister: submitted proposal to US on trade and investment
WASHINGTON, May 21 (Reuters) - South Africa's trade minister Parks Tau said on Wednesday that the South African government had submitted a proposal to the United States on trade and investment.The proposal included buying liquefied natural gas (LNG) from the U.S. which was positively received, T...Reuters
Wed, May 21
South Africa, US will discuss critical minerals, Ramaphosa says
WASHINGTON, May 21 (Reuters) - South Africa and the United States will discuss the issue of critical minerals, President Cyril Ramaphosa said on Wednesday, after a meeting with U.S. President Donald Trump in the White House.South Africa made it clear during the talks with Trump that it had up to nin...Reuters
Wed, May 21
Suncor Reports Flare Replacement Project At Montreal Refinery In Coming Weeks
May 21 (Reuters) - Suncor Energy Inc SU.TO:REPORTS IT WILL BE ERECTING METAL STRUCTURES AT MONTREAL REFINERY IN COMING WEEKS AS PART OF FLARE REPLACEMENT PROJECTREFINERY CAPACITY: 137,000 BARRELS PER DAYSOURCE: NOTICE POSTED ON AIEMReuters
Wed, May 21
Honeywell Close To Securing Johnson Matthey Catalyst Unit In 1.8 Billion STG Deal - FT
May 21 (Reuters) - HONEYWELL CLOSE TO SECURING JOHNSON MATTHEY CATALYST UNIT IN £1.8BN DEAL - FTJOHNSON MATTHEY’S CATALYST TECHNOLOGIES UNIT IS EXPECTED TO BE COMBINED WITH HONEYWELL’S UOP BRAND- FTHONEYWELL CLOSE TO SECURING JOHNSON MATTHEY CATALYST UNIT IN £1.8BN DEAL - FTSource text: https://tiny...Reuters
Wed, May 21
Brazil state Tocantins rules out bird flu in commercial flock
Santa Catarina commercial farm case remains under investigation for bird fluMeat lobby seeks permission to use more cold storage space at portsWOAH recommends disease controls on only affected regions to allow tradeBy Ana Mano and Sybille de La Hamaide SAO PAULO/PARIS, May 21 (Reuters) - Prelimin...Reuters
Wed, May 21
Turkey in nuclear plant talks with Candu, energy minister says
By Nevzat DevranogluSIRNAK, Turkey, May 21 (Reuters) - Turkey is in talks with Canada's Candu Energy and other companies regarding plans to build its second and third nuclear power plants, Turkish Energy Minister Alparslan Bayraktar said.Speaking to reporters during a visit to southeast Turkey o...Reuters
Wed, May 21
