News
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Exxonmobil Baytown, Texas Refinery Reports Emissions
May 20 (Reuters) - EXXON MOBIL CORP XOM.N:REPORTS INADVERTENT HYDROCARBON INGRESS INTO THE CLAUS PLANT RESULTED IN EMISSIONS AT BAYTOWN, TEXAS REFINERYREPORTS OPERATIONAL ADJUSTMENTS MADE TO MINIMIZE EMISSIONS SAYS AVAILABLE INFORMATION INDICATES NO ADVERSE ENVIRONMENTAL IMPACT TO EMISSION SITE, SUR...Reuters
Wed, May 21
RPT-LME WEEK-Antofagasta kicks off copper talks in Asia, flat fees on table in China, sources say
By Hongmei Li, Lewis Jackson HONG KONG, May 20 (Reuters) - Flat fees for turning copper concentrate into metal have emerged as a potential starting point for mid-year talks between Antofagasta ANTO.L and Chinese smelters due to tight supplies of mined material, two sources familiar with the matte...Reuters
Wed, May 21
PRECIOUS-Gold gains on weaker dollar, US fiscal concerns
May 21 (Reuters) - Gold prices rose on Wednesday as the dollar slipped to a two-week low and investors sought safety amid U.S. fiscal uncertainty, with Congress debating a sweeping tax bill.FUNDAMENTALS * Spot gold XAU= was up 0.4% at $3,300.72 an ounce, as of 0035 GMT. U.S. gold futures GCcv1 g...Reuters
Wed, May 21
US finds endangered Gulf of Mexico whale threatened by oil and gas vessel strikes
May 20 (Reuters) - The Trump administration published a long-awaited environmental assessment on Tuesday that found that vessel strikes related to oil and gas drilling in the Gulf of Mexico are likely to jeopardize the existence of the endangered Rice's whale.The analysis, known as a biological ...Reuters
Wed, May 21
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 21 (Reuters) - Contract Target Support/Resistance Brent oil $66.67/$67.36sup $65.88/$64.91Palm oil (3rd month)3,866 ringgitres 3,946/3,981 ringgitWTI* $64.17sup $62.65/$62.31/$61.50Spot gold$3,322/$3,366sup $3,268/$3,251LME copper (3rd mo...Reuters
Wed, May 21
WTI climbs to near $63.00 on report that Israel is preparing to strike Iran
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.95 during the Asian trading hours on Wednesday. The WTI price surges after CNN reported that US intelligence suggests Israel is making preparations to possibly strike Iranian nuclear facilities.
Fxstreet
Wed, May 21
Oil rises 1% on reports Israel preparing strike on Iranian nuclear facilities
May 21 (Reuters) - Oil prices jumped more than 1% on Wednesday after reports Israel is preparing a strike on Iranian nuclear facilities, raising fears that a conflict could upset supply availability in the key Middle East producing region. Brent futures for July LCOc1 rose 86 cents, or 1.32%, to $...Reuters
Wed, May 21
Gold price surges past $3,280 on US Moody’s downgrade and geopolitical risks
Gold price advances for the second straight day on Tuesday as the Greenback continues to print losses due to uncertainty about trade policies and the fiscal health of the United States (US) following last Friday’s Moody’s US debt downgrade.
Fxstreet
Wed, May 21
Argentina approves $2.5 bln Rio Tinto lithium mining project
By Lucila Sigal BUENOS AIRES, May 20 (Reuters) - Argentina's government on Tuesday approved a $2.5 billion lithium mining project by Anglo-Australian giant Rio Tinto RIO.L, RIO.AX, marking the first mining project under a new investment incentive regime.The approval of Rio Tinto's Rincon ...Reuters
Wed, May 21
CIF/FOB Gulf Grain-Soy barge bids firm; corn softens in quiet trade
CHICAGO, May 20 (Reuters) - Soybeans basis bids for barges delivered to U.S. Gulf Coast terminals firmed on Tuesday, while corn barge bids eased, pulling back from the previous day in subdued trade, brokers said.A slow pace of farmer selling supported the market, restricting grain movement from the ...Reuters
Tue, May 20
ICE canola ends higher on supply-driven worries
May 20 (Reuters) - ICE canola futures rose on Tuesday following Monday's Canadian market holiday, led by the nearby July contract on concerns about tightening old-crop supplies of the oilseed due to brisk demand, traders said.• July canola RSN5 settled up $15.60 at $718.30 per metric ton while n...Reuters
Tue, May 20
US Cash Crude-Coastal grades ease for second straight session
May 20 (Reuters) - Coastal grades eased for a second day on Tuesday, dealers said, as demand for U.S. exports weakened and European and Asian countries looked set to seek more barrels from OPEC+ producers as they raise output.Mars eased 10 cents, while Southern Green Canyon eased 30 cents. WTI Midla...Reuters
Tue, May 20
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 and John Irish DUBAI/PARIS, May 20 (Reuters) - While rising U.S.-Iran tensions over Tehran's uran...Reuters
Tue, May 20
US natgas prices jump 10% on lower output, higher demand and technical buying
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 3% over five-year normalBy Scott DiSavinoMay 20 (Reuters) - U.S. natural gas futures soared about 10% on Tuesday on a decline in daily output, forecasts for more demand next week, long-term forec...Reuters
Tue, May 20
US oil futures ease after API reports surprise increase in domestic crude stocks
Investing.com -- U.S. crude oil futures slipped below post-settlement levels Tuesday after the American Petroleum Institute reported an unexpected increase in weekly domestic crude stockpiles.Crude OiInvesting.com
Tue, May 20
LIVESTOCK-CME cattle futures mixed as US supply report looms
CHICAGO, May 20 (Reuters) - Chicago Mercantile Exchange live and feeder cattle were mixed on Tuesday, as market participants adjusted their positions ahead of a monthly government report that is expected to show fewer cattle in U.S. feedlots compared to a year ago, traders said.CME August live cattl...Reuters
Tue, May 20
EU, Britain go ahead with new Russia sanctions without waiting for Trump
Sanctions target shadow fleet of oil tankers, financial firmsZelenskiy urges more pressure on Russia for ceasefireRussia says it rejects ultimatumsItalian PM says Pope willing to host talksBy Andrew Gray, Sam Tabahriti and Susan Heavey BRUSSELS/LONDON/WASHINGTON May 20 (Reuters) - The EU and Brit...Reuters
Tue, May 20
US expected to declare Biden fuel economy rules exceeded legal authority
By David Shepardson WASHINGTON, May 19 (Reuters) - The U.S. Transportation Department is expected to declare that fuel economy rules issued under then President Joe Biden exceeded the government's legal authority by including electric vehicles in setting the rules, automaker officials said Mo...Reuters
Tue, May 20
