News
Important Only
ANALYSIS-US LNG exporters push forward new projects despite trade war uncertainty
US seeks to triple LNG export capacity by 2030Trump's 25% steel, aluminum tariffs boost construction costsCheniere, Venture Global among those seen approving new plantsBy Curtis Williams HOUSTON, May 16 (Reuters) - Woodside Energy's WDS.AX decision last month to proceed with its Louisiana...Reuters
Fri, May 16
With US trade war, China now top buyer for Canadian crude on Trans Mountain pipeline
U.S. west coast refiners were expected to buy bulk of TMX crudeGlobal oil flows shifting in the face of U.S. trade policyChina reluctant to be over-reliant on Russian oilBy Amanda Stephenson and Arathy Somasekhar CALGARY/HOUSTON, May 16 (Reuters) - China has emerged as the top customer for Canadi...Reuters
Fri, May 16
PRECIOUS-Gold slips, heads for worst week in six months on easing trade tensions
Gold down more than 3% this weekDollar headed for fourth straight weekly gainSilver down more than 1%By Brijesh Patel May 16 (Reuters) - Gold prices slipped more than 1% on Friday and were heading for their worst week in six months, as an overall higher dollar and a temporary U.S.-China trade agr...Reuters
Fri, May 16
US natural gas prices drop 3.7% on storage data – ING
US natural gas prices fell sharply after storage data from the EIA revealed a larger-than-average inventory build, reinforcing concerns over supply resilience despite year-on-year deficits, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Fri, May 16
EUROPE GAS-Prices rangebound amid stable supply and demand
LONDON, May 16 (Reuters) - Dutch and British wholeale gas prices traded in a narrow range on Friday morning amid stable supply and demand, but the market is keeping an eye on any developments related to Ukraine peace talks. The benchmark Dutch front-month contract TRNLTTFMc1 was down 0.15 euro a...Reuters
Fri, May 16
ReNew Energy to set up $2.57 billion solar, wind project in India
May 16 (Reuters) - ReNew Energy Global RNW.O, said on Friday it will invest 220 billion rupees ($2.57 billion) to set up a hybrid renewable energy project in the eastern Indian state of Andhra Pradesh, as it looks to cash in on the country's booming clean energy needs.The company said the projec...Reuters
Fri, May 16
REFILE-METALS-Copper prices head for weekly gain on US-China tariff truce
By Hongmei Li SINGAPORE, May 16 (Reuters) - Copper prices edged lower on Friday but were set for a weekly rise on China-U.S. temporary trade truce, although uncertainty over longer-term demand prospects for the metal capped further gains.Benchmark copper CMCU3 on the London Metal Exchange (LM...Reuters
Fri, May 16
TECHNICALS-CBOT soybeans may fall toward $10.38-1/2
For more technical analyses, please click SINGAPORE, May 16 (Reuters) - The CBOT soybean July contract SN25 may fall toward $10.38-1/2 per bushel, as it has broken support at $10.55.The next support will be at $10.38-1/2. Wave pattern suggests a completion of a wave C from $9.85-1/4, which failed to...Reuters
Fri, May 16
Gold set for worst week in 6 months as trade calm dents appeal
May 16 (Reuters) - Gold prices dropped on Friday and were poised for their steepest weekly decline in six months, as a stronger dollar and waning trade war concerns dampened its appeal as a safe-haven asset.Spot gold XAU= shed 0.6% to $3,221.19 an ounce as of 0624 GMT. Bullion has lost more than...Reuters
Fri, May 16
Palladium price today: Rare metals down at the start of the European session
Platinum Group Metals (PGMs) trade with a negative tone at the beginning of Friday, according to FXStreet data. Palladium (XPD) changes hands at $959.22 a troy ounce, with the XPD/USD pair easing from its previous close at $964.05.Fxstreet
Fri, May 16
PRESS DIGEST - Wall Street Journal - May 16
May 16 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- New Jersey's commuter rail engineers are on strike, following a yearslong battle over wages.- Retail giant Walmart WMT.N said it plans t...Reuters
Fri, May 16
