News
Important Only
Argentina approves McEwen's $2.7 billion copper project for tax break program
By Lucila Sigal BUENOS AIRES, Sept 26 (Reuters) - Argentina has approved Canadian miner McEwen Copper's $2.7 billion Los Azules copper project in the country for a tax break program known as the Large Investment Incentive Regime (RIGI), the nation's economy minister said on Friday.The pro...Reuters
Fri, Sep 26
North Sea Crude-Forties bid higher
LONDON, Sept 26 (Reuters) - North Sea Forties crude differentials rose on Friday while buying interest cooled for U.S. WTI Midland. PLATTS WINDOW* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).* No deals for ...Reuters
Fri, Sep 26
US tells India Russian oil curbs key to trade deal progress
Sept 26 (Reuters) - US trade negotiators have told their Indian counterparts that curbing purchases of Russian oil is crucial to reducing India’s tariff rate and sealing a trade deal, two people familiar with the talks told Reuters.Trade negotiations with India are on a positive track, but more work...Reuters
Fri, Sep 26
Mexico's Pemex crude oil exports in August fall 32% year-on-year
MEXICO CITY, Sept 26 (Reuters) - Mexican state company Pemex exported 500,203 barrels per day (bpd) of crude oil in August, a 32% drop year-on-year, as its local refineries processed slightly more, company data released late on Thursday showed.Pemex has been trying to squeeze more barrels from sever...Reuters
Fri, Sep 26
EXCLUSIVE-Starbucks CTO resigned Monday, interim named
Ningyu Chen named interim CTO, previously SVP of global experience technologyStarbucks focuses on tech for 'Back to Starbucks' plan, despite Lefevre's departureCompany to close underperforming stores, cut 900 non-retail roles by 2025Shares down 12% over past year, S&P 500 up 16%By Wa...Reuters
Fri, Sep 26
EU, Japan trust they have secured limits to US drug tariffs
Trump announces 100% US import tariff on branded drugsEU, Japan believe trade deals protect their companiesDrugmakers to escape new duties if they are building US plants By Philip Blenkinsop BRUSSELS, Sept 26 (Reuters) - The European Union and Japan expressed confidence on Friday that they had se...Reuters
Fri, Sep 26
EXCLUSIVE-Starbucks CTO resigned Monday, interim named
Ningyu Chen named interim CTO, previously SVP of global experience technologyStarbucks focuses on tech for 'Back to Starbucks' plan, despite Lefevre's departureCompany to close underperforming stores, cut 900 non-retail roles by 2025Shares down 12% over past year, S&P 500 up 16%By Wa...Reuters
Fri, Sep 26
Fragile sentiment in the Copper market – Commerzbank
The price jump in Copper, temporarily rising by almost 5% in reaction to the news that the operator of the important Grasberg mine in Indonesia has declared force majeure on contracted supplies, demonstrates how fragile market sentiment is regarding the supply situation.Fxstreet
Fri, Sep 26
Eni and five other oil companies fined by Italian competition watchdog
By Gavin JonesROME, Sept 26 (Reuters) - Italy's antitrust regulator has fined energy group Eni ENI.MI and five other oil companies operating in the country for practices restricting fair competition in the sale of motor fuel, the watchdog said on Friday.The regulator said that fines totalling mo...Reuters
Fri, Sep 26
SOFTS-Arabica coffee extends rebound on falling stocks
LONDON, Sept 26 (Reuters) - Arabica coffee futures on ICE extended this week's rebound on Friday, boosted by declining exchange stocks, while cocoa prices slumped to two-month lows. COFFEE* Arabica coffee KCc2 rose 1.4% to $3.5625 per lb by 1403 GMT and was on track for a weekly ga...Reuters
Fri, Sep 26
China's Gold Imports Declined in August – Commerzbank
Gold prices continue to climb, attracting strong ETF inflows, but high prices are weighing on physical demand as China’s August imports fell 3.4% month-on-month and net imports from Hong Kong dropped 39%, Commerzbank's commodity analyst Barbara Lambrecht notes.
Fxstreet
Fri, Sep 26
India rejects as 'baseless' NATO chief's remarks about Modi-Putin talks
By Shivam Patel NEW DELHI, Sept 26 (Reuters) - India rejected as "incorrect and baseless" remarks by NATO's chief that suggested Indian Prime Minister Narendra Modi was contacting Russian President Vladimir Putin over the impact of punitive U.S. tariffs on its purchases of Russian oil...Reuters
Fri, Sep 26
Nigeria's Dangote oil refinery lays off workers, citing 'sabotage'
Sept 26 (Reuters) - Nigeria's Dangote oil refinery said on Friday it had laid off some of its workers, citing sabotage in various units, noting that only a small number of staff were affected.More than 3,000 Nigerian staff continue to work for the refinery, the statement added. The refinery i...Reuters
Fri, Sep 26
GLOBAL LNG-Asian spot LNG prices decline on tepid demand, ample inventories
Asian LNG prices expected to remain under pressureEuropean prices keep to tight rangeBy Marwa RashadLONDON, Sept 26 (Reuters) - Asian spot liquefied natural gas prices declined this week on lacklustre demand and are expected to remain under pressure as ample inventories and stronger Chinese gas prod...Reuters
Fri, Sep 26
US natural gas prices dip as storage high
Pipeline constraints cause negative cash prices at Waha, AECO hubsAECO prices hit record lows for four consecutive daysLower 48 states' gas output falls, storage levels remain highHurricane Humberto projected to strengthen, but not affect Gulf of MexicoBy Scott DiSavino Sept 26 (Reuters) - U....Reuters
Fri, Sep 26
Kazakhstan's oil and condensate output rose 3% in August from previous month
MOSCOW, Sept 26 (Reuters) - Kazakhstan's oil and condensate output rose to 8.885 million metric tons in August from 8.631 million tons in July, driven by production growth at Tengiz, Kashagan, and Karachaganak oilfields, official data showed on Friday.The August figure translates into 2.150 mill...Reuters
Fri, Sep 26
India says trade talks with US 'constructive', eyes early deal
By Manoj Kumar and Shivam Patel NEW DELHI, Sept 26 (Reuters) - India said on Friday its officials held “constructive” talks with U.S. counterparts during a visit to Washington this week, and both sides agreed to continue discussions aimed at concluding a mutually beneficial trade deal soon."B...Reuters
Fri, Sep 26
CBOT Trends-Wheat down 4-5 cents, corn steady-down 1, soybeans mixed
CHICAGO, Sept 26 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday. WHEAT - Down 4 to 5 cents per bushelCBOT wheat futures fell with large global supplies expected and overal...Reuters
Fri, Sep 26
Russia says Ukrainian strikes on Caspian Pipeline run counter to US interests
MOSCOW, Sept 26 (Reuters) - The Russian Foreign Ministry said on Friday that Ukrainian drone attacks on Caspian Pipeline Consortium (CPC) infrastructure ran counter to the interests of the United States, Kazakhstan and Russia and global energy security. The CPC, which mainly carries oil from Kazak...Reuters
Fri, Sep 26
