News
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Ukraine needs energy ceasefire as catastrophe looming, top power executive says
DAVOS, Switzerland, Jan 23 (Reuters) - Ukraine is nearing a "humanitarian catastrophe" after months of Russian airstrikes on energy systems and any future peace deal must include a halt to attacks on energy infrastructure, the head of Ukraine’s largest private power producer said.Maxim Timch...Reuters
Fri, Jan 23
US natgas futures surge 68% this week on frigid weather forecasts
By Noel John Jan 23 (Reuters) - U.S. natural gas futures rose on Friday and has gained over 68% so far this week, lifted by forecasts for extreme cold over the next two weeks that is expected to drive heating demand to near‑record levels and freeze oil and gas wells, cutting output. On Friday, ...Reuters
Fri, Jan 23
India, EU likely to conclude trade talks on Tuesday, opening way for tariff cuts
India, EU to announce conclusion of free trade talksPact to cut tariffs on EU cars, wine; aid textiles, jewelleryDeal expected to be announced at January 27 bilateral summitRatification may take a year; non-tariff barriers persistBy Manoj Kumar and Shivangi Acharya NEW DELHI, Jan 23 (Reuters) - ...Reuters
Fri, Jan 23
U.S., in control of oil dollars, heaps pressure on Iraq over Iranian influence
DUBAI/WASHINGTON, Jan 23 (Reuters) - Washington has threatened senior Iraqi politicians with sanctions targeting the Iraqi state — including potentially its critical supply of oil revenue sourced via the Federal Reserve Bank of New York — should Iran-backed armed groups be included in the next gover...Reuters
Fri, Jan 23
CBOT Trends-Wheat and soybeans up 3-5 cents, corn up 2-4 cents
CHICAGO, Jan 23 (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. CST (1430 GMT) on Friday: WHEAT - Up 3 to 5 cents per bushelCBOT wheat Wv1 rose for a second consecutive session.A massive winter storm w...Reuters
Fri, Jan 23
ROI-Nickel market plays the Indonesia's numbers game: Andy Home
By Andy Home LONDON, Jan 23 (Reuters) - Nickel prices have been on an explosive rally as the market bets that Indonesia, the world's largest producer of the battery metal, will hit the brakes on its runaway output growth. London Metal Exchange (LME) three-month metal CMNI3 has motored higher ...Reuters
Fri, Jan 23
PRECIOUS-Gold steadies after record run, silver hovers near $100/oz
Gold hits record high of $4,967.03/ozSilver jumps to record $99.65/ozPlatinum attracting demand as cheaper alternative to gold - HSBCBy Ashitha ShivaprasadJan 23 (Reuters) - Gold steadied on Friday after surging to a record high just below the $5,000-an-ounce level, while silver prices sat just shy ...Reuters
Fri, Jan 23
PRECIOUS-Gold steadies after hitting record peak near $5,000
Gold hits record high of $4,967.03Silver jumps to record $99.37Platinum hits record peak of $2,718.40By Pablo Sinha Jan 23 (Reuters) - Gold prices steadied as investors booked profits after prices struck another record high near $5,000 an ounce on the uncertain geopolitical outlook.Silver and pl...Reuters
Fri, Jan 23
US, Kazakhstan energy ministries discuss cooperation
ALMATY, Jan 23 (Reuters) - Kazakhstan's energy ministry said on Friday that it had held talks on energy cooperation with the U.S. Department of Energy and the U.S. embassy in the Central Asian country, which is a major energy producer, accounting for around 2% of daily oil supply.In a statement ...Reuters
Fri, Jan 23
Kazakhstan's Tengiz oil production has not yet resumed, Chevron says
Fire at a power unit on Sunday triggered outage, output shutdownOutage adds pressure amid CPC export bottlenecks CPC working to restore equipment at the terminalJP Morgan says output may not resume this month MOSCOW/LONDON, Jan 23 (Reuters) - Oil production at Kazakhstan's vast Tengiz oil fi...Reuters
Fri, Jan 23
Italy and Germany seek raw materials security amid China concerns
Italy, Germany to forge common critical minerals strategySeek 'like-minded' countries to join themRome says unacceptable that China alone can set prices By Giuseppe Fonte ROME, Jan 23 (Reuters) - Italy and Germany have pledged to work together to secure supply chains for raw materials vit...Reuters
Fri, Jan 23
Europe commits to wind energy expansion despite Trump criticism, draft shows
By Kate Abnett BRUSSELS, Jan 23 (Reuters) - European governments including Germany, Britain and Denmark will reinforce their plans to massively expand wind power projects on Monday, despite U.S. President Donald Trump stepping up criticism of their green energy agenda, a draft declaration due to ...Reuters
Fri, Jan 23
Gold pauses near record highs as bulls struggle below $5,000
Gold (XAU/USD) eases modestly on Friday as mild profit-taking sets in following a surge to a fresh record high near $4,967 earlier in the Asian session. XAU/USD hovers around $4,930 at the time of writing and is set for a third straight weekly advance.
Fxstreet
Fri, Jan 23
SLB beats fourth-quarter profit estimates
Jan 23 (Reuters) - SLB SLB.N beat Wall Street estimates for fourth-quarter profit on Friday, helped by steady demand for its oilfield equipment and services in North America. The world's top oilfield services provider reported an adjusted profit of 78 cents per share for the three months ended ...Reuters
Fri, Jan 23
GLOBAL LNG-Asia spot prices rise to nine-week top on lower winter temperatures
By Emily Chow SINGAPORE, Jan 23 (Reuters) - Asia spot liquefied natural gas rose for a second week to hit a nine-week high, as lower winter temperatures across the northern hemisphere lifted heating demand. The average LNG price for March delivery into Northeast Asia LNG-AS was estimated at $11.3...Reuters
Fri, Jan 23
Swiss gold firm MKS PAMP to finalise US expansion plans this year, CEO says
By Dave GrahamDAVOS, Switzerland, Jan 23 (Reuters) - Swiss-based MKS PAMP expects to firm up plans to increase U.S. gold refining capacity this year, CEO James Emmett said, predicting demand would push prices to new records.The precious metals firm has been expanding its operations in Oklahoma City,...Reuters
Fri, Jan 23
VEGOILS-Palm falls on profit-taking, still logs third straight weekly gain
KUALA LUMPUR, Jan 23 (Reuters) - Malaysian palm oil futures slipped on Friday, pressured by profit-taking and the ringgit's strength, but still logged a third consecutive weekly gain.The benchmark palm oil contract FCPOc3 for April delivery on the Bursa Malaysia Derivatives Exchange slid 23 ring...Reuters
Fri, Jan 23
