News
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Gold Price Forecast: XAU/USD stands above $4,800 despite higher risk appetite
Gold (XAU/USD) pulled back from record highs a handful of dollars below $,4,900, following US President Trump’s softer tone at the Davos Forum, but the precious metal remains steady above $4,800, which shows that demand for safe assets remains steady.
Fxstreet
Thu, Jan 22
Metlen partners with Tsakos on Greek renewable power project
Jan 22 (Reuters) - Greek energy and metals group Metlen MTLN.L said on Thursday it had signed a strategic partnership with the Tsakos Group to help develop one of the country's largest hybrid renewable power projects.Metlen will hold a 40% stake in a new joint venture with Tsakos, which will own...Reuters
Thu, Jan 22
EXCLUSIVE-Trump pact calls for allies to act fast on Arctic security says NATO's Rutte
Rutte says NATO senior commanders will discuss what's neededNATO Secretary General expects results to be seen this yearRutte sure non-Arctic NATO allies will contribute to effortBy Mark John DAVOS, Switzerland, Jan 22 (Reuters) - The framework deal on Greenland agreed with U.S. President Dona...Reuters
Thu, Jan 22
EXCLUSIVE-Pact with Trump calls for allies to step up fast on Arctic security, says NATO's Rutte
By Mark JohnDAVOS, Switzerland, Jan 22 (Reuters) - The framework deal on Greenland agreed with U.S. President Donald Trump would require NATO allies to step up on Arctic security and the first results of this will be seen this year, NATO Secretary General Mark Rutte told Reuters on Thursday.Rutte sa...Reuters
Thu, Jan 22
Brunei Energy Services & Trading (Best) And Vitol Announce Extension Of Strategic LNG Sales Agreement
Jan 22 (Reuters) - VITOL:SAYS BRUNEI ENERGY SERVICES & TRADING (BEST) AND VITOL ANNOUNCE EXTENSION OF STRATEGIC LNG SALES AGREEMENTSAYS UNDER THE NEWLY SIGNED EXTENSION, BEST WILL CONTINUE TO SUPPLY VITOL WITH UP TO FOUR LNG CARGOES PER ANNUM FROM 2028 THROUGH 2031Reuters
Thu, Jan 22
Trump in control of Venezuela oil funds, Semafor reports
Jan 22 (Reuters) - U.S. President Donald Trump is controlling the release of oil funds garnered from Venezuela himself, online news outlet Semafor reported on Thursday, citing an administration official.The administration official told Semafor that all proceeds from the first oil sale would be trans...Reuters
Thu, Jan 22
EXCLUSIVE-Rutte says Greenland framework deal means NATO allies must step up on Arctic security
DAVOS, Switzerland, Jan 22 (Reuters) - The framework deal on Greenland agreed with U.S. President Donald Trump would require NATO allies to step up on Arctic security and the first results of this will be seen this year, NATO Secretary General Mark Rutte told Reuters on Thursday.Rutte said in an int...Reuters
Thu, Jan 22
EU regulations threaten energy cooperation with the US, US Energy Sec says
DAVOS, Switzerland, Jan 22 (Reuters) - U.S. Energy Secretary Chris Wright said on Thursday corporate environmental regulations in the European Union, along with regulations around methane, posed great risks to energy cooperation with the U.S. Regulations in the EU could threaten U.S. gas imports int...Reuters
Thu, Jan 22
EUROPE POWER-French spot contract rises on colder weather
PARIS, Jan 22 (Reuters) - The French spot electricity contract for Friday rose as colder weather fuelled demand, while the German forward curve prices rose with higher gas contracts and carbon prices following U.S. President Donald Trump walking back tariff threats.The French day-ahead baseload TRFR...Reuters
Thu, Jan 22
Davos: China defends wind power strategy after Trump's criticism
BEIJING, Jan 22 (Reuters) - China defended its wind power record and reinforced its commitment to promote the global transition to low-carbon energy, after U.S. President Donald Trump's criticism at the World Economic Forum annual meeting in Davos, Switzerland."China's efforts to tackle ...Reuters
Thu, Jan 22
New trade map takes shape in Davos as world adjusts to Trump tariffs
By Dave Graham DAVOS, Switzerland, Jan 22 (Reuters) - President Donald Trump's use of tariffs as a foreign policy tool added fresh impetus in Davos this week to efforts to boost global trade beyond the U.S., with frustration palpable among many of Washington's top trading partners.Tariffs...Reuters
Thu, Jan 22
Davos: Aramco CEO says oil glut predictions are exaggerated
By Dmitry ZhdannikovDAVOS, Switzerland, Jan 22 (Reuters) - Global oil glut predictions are seriously exaggerated as demand growth remains strong and global oil stocks are depleted, Amin Nasser, chief executive of Aramco 2223.SE, the world's biggest oil producer, said on Thursday.Oil prices have...Reuters
Thu, Jan 22
Kazakhstan says special commission investigating Tengiz oilfield incident
Tengiz oil field shutdown due to fire at power unitProduction halt may last another 7-10 days, sources sayTengizchevroil declares force majeure on CPC Blend suppliesOil prices rose on the back of the Tengiz force majeure MOSCOW, Jan 22 (Reuters) - Kazakhstan's energy ministry said on Thursda...Reuters
Thu, Jan 22
Davos: Aramco CEO says oil glut predictions are seriously exaggerated
By Dmitry ZhdannikovDAVOS, Switzerland, Jan 22 (Reuters) - Global oil glut predictions are seriously exaggerated as demand growth remains strong and global oil stocks are depleted, Amin Nasser, chief executive of Aramco 2223.SE, the world's biggest oil producer, said on Thursday.Oil prices have...Reuters
Thu, Jan 22
Putin says who owns Greenland is of no concern to Russia, says it might be worth $1 billion
Putin speaks on US push for Greenland for first time Signals Moscow does not oppose Trump's plan Criticises Denmark for how it has treated GreenlandersSuggests price tag on the island might be $1 billionBy Andrew Osborn MOSCOW, Jan 21 (Reuters) - President Vladimir Putin said on Wednesday tha...Reuters
Thu, Jan 22
New Zealand rescuers seek landslide survivors as weather havoc kills two
Several people, including children, still missing at campsiteHelicopters, rescue dogs pressed into search effortLandslides followed heavy rains that wrought havocTwo bodies recovered from suburban home after landslideBy Lucy Craymer WELLINGTON, Jan 22 (Reuters) - Rescue workers combed rubble on T...Reuters
Thu, Jan 22
Singapore fuel oil stockpiles fall to three-month low
SINGAPORE, Jan 22 (Reuters) - Onshore fuel oil stockpiles in Singapore dropped to the lowest in three months, data showed on Thursday, after imports dipped while exports rose. Inventories fell 8.2% from the previous week to 23.38 million barrels (about 3.68 million metric tons) in the week to Januar...Reuters
Thu, Jan 22
