News
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Utility SSE cuts investment plans by $4 billion due to project delays
Renewables division faces largest cut of 1.5 bln stgKey delayed projects: Berwick Bank, Coire Glas & ArklowAnnual profit flat at 2.42 billion poundsBy Yamini Kalia May 21 (Reuters) - British utility SSE SSE.L on Wednesday cut its five-year investment plans by 15%, or 3 billion pounds ($4.04 b...Reuters
Wed, May 21
Silver Price Forecast: XAG/USD bulls have the upper hand near $33.15-$33.20 area, over one-week top
Silver (XAG/USD) reverses an intraday dip to the $33.00 neighborhood and climbs to over a one-week high during the first half of the European session on Wednesday. The white metal currently trades around the $33.15-$33.20 region, up 0.20% for the day, and seems poised to appreciate further.
Fxstreet
Wed, May 21
EUROPE GAS-Prices hit six-week high on tighter supply, concerns over Ukraine, Middle East
May 21 (Reuters) - Dutch and British wholesale gas prices rose to their highest in more than six weeks on Wednesday, supported by lower supply from Norway, competition for liquefied natural gas and worries about Ukraine peace talks and unrest in the Middle East.The benchmark Dutch front-month contra...Reuters
Wed, May 21
Iraq's oil minister has 'reservations' about energy agreements signed by Kurdish region
By Muayad Kenany and Ahmed RasheedBAGHDAD, May 21 (Reuters) - Iraq's oil minister said that the federal government has reservations about energy agreements signed by the semi-autonomous Kurdistan region, after Iraqi Kurdish Prime Minister Masrour Barzani oversaw the signing of two deals with U.S...Reuters
Wed, May 21
Gold edges higher, reclaiming $3,300, on rising geopolitical tensions and US fiscal woes
Gold (XAU/USD) breaks higher on Wednesday towards $3,308 at the time of writing, fueled by concerns that tensions in the Middle East might spiral out of control again and US fiscal woes. In late trading on Tuesday, CNN reported that Israel is considering targeting nuclear sites in Iran.
Fxstreet
Wed, May 21
Rosneft takes control of Russia's largest rare earth deposit, registry shows
MOSCOW, May 21 (Reuters) - Russia's largest oil producer Rosneft ROSN.MM acquired Tomtor, country's largest rare earth metal deposit, a companies registry showed on Wednesday, after President Vladimir Putin last year urged that the development of the field be speeded up.Tomtor, located in t...Reuters
Wed, May 21
ANALYSIS-With output hikes, OPEC+ again targets US shale oil
Previous OPEC+ attempts to slow shale oil failedUS firms run out of easy fields, costs riseOPEC's market share halved in last 50 yearsBy Olesya Astakhova, Dmitry Zhdannikov and Alex Lawler MOSCOW/LONDON, May 21 (Reuters) - Behind OPEC+'s plan to ramp up oil output and punish over-producin...Reuters
Wed, May 21
RPT-Iran faces U.S. without Plan B as nuclear red lines collide
Differences over enrichment put nuclear talks in balanceNo deal would expose Iran to sanctions, military threat, unrestIran would strengthen ties with China, Russia, officials sayBy Parisa Hafezi, John Irish DUBAI/PARIS, May 20 (Reuters) - While rising U.S.-Iran tensions over Tehran's uranium...Reuters
Wed, May 21
Japanese farm minister resigns following gaffe over rice
Eto resigns after rice remarks spark backlashRice prices double, angering voters Ex-environment minister Shinjiro Koizumi appointed as successorKoizumi promises results as 'Minister of Rice'Prime Minister Ishiba struggles with low approval ratingsBy Chang-Ran Kim and Yoshifumi Takemoto TO...Reuters
Wed, May 21
TABLE-UAE's Fujairah oil inventory data for week ended May 19
May 21 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended May 19, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from t...Reuters
Wed, May 21
METALS-London copper rises on dollar weakness, China rate cut
NEW DELHI, May 21 (Reuters) - Copper prices in London rose on Wednesday, tracking weakness in the U.S. dollar and stimulus efforts from top consumer China, although gains were limited due to persisting uncertainty over economic growth from tariffs.Benchmark copper CMCU3 on the London Metal Exchange ...Reuters
Wed, May 21
PRECIOUS-Gold prices hit one-week high on weaker dollar, US fiscal concerns
Trump tax-cut bill faces rare overnight stress test with US House RepublicansDollar retreated to its lowest level since May 7Palladium hits over three-month high By Anushree Mukherjee May 21 (Reuters) - Gold prices rose nearly 1% on Wednesday, hitting their highest levels in more than a week, as ...Reuters
Wed, May 21
Norway oil drilling labour unions seek wage mediation to avert strike
OSLO, May 21 (Reuters) - Wage talks involving some 7,000 oil drilling workers in Norway broke down early on Wednesday, two labour unions said, raising the risk of strike action later this year that could disrupt exploration.The talks between the Norwegian Shipowners' Association (NSA) and the Sa...Reuters
Wed, May 21
TECHNICALS-CBOT soybeans neutral in $10.47-$10.59 range
For more technical analyses, please click SINGAPORE, May 21 (Reuters) - The CBOT soybean July contract SN25 looks neutral in a range of $10.47 to $10.59 per bushel, and an escape could suggest a direction.The consolidation in the range may turn out to be a double-bottom, if the market breaks $10.59,...Reuters
Wed, May 21
