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PRECIOUS-Gold climbs to over one-month high on weaker yields after US data
Gold hits its highest level since Dec. 12Treasury yields pare gains after US dataUS weekly jobless claims increase more than expectedUpdates for market closeBy Anjana Anil Jan 16 (Reuters) - Gold prices rose to a more-than-one-month high on Thursday after the latest U.S. economic data pressured t...Reuters
Thu, Jan 16
UPDATE 2-Yemen's Houthis to continue attacks if Gaza ceasefire breached
Houthis say to monitor implementation of Israel-Hamas dealHouthi leader says will continue attacks if deal breachedHouthis have targeted ships in Red Sea since November 2023Attacks have disrupted shipping, trade routesUpdates with further detail, comment in paragraphs 6-9, adds bullet points ADEN...Reuters
Thu, Jan 16
FACTBOX-US utilities see uptick in data center deals, signaling booming demand
Adds PPL's power supply deal on Jan. 16 with real estate developers in Louisville Jan 16 (Reuters) - U.S. utilities are signing concrete supply deals with data-center operators as the artificial-intelligence wave sparks a surge in power demand, paving the way for higher profits in the coming quar...Reuters
Thu, Jan 16
UPDATE 2-Trump's Interior Department nominee says boosting energy key to US security
Adds quotes from hearing, background in paragraphs 7-11, 13Burgum emphasizes energy production for national securityCriticizes Biden's electric vehicle support, cites China dependencySays he plans to expand drilling leases, reform permitting processes Jan 16 (Reuters) - Donald Trump's pick to...Reuters
Thu, Jan 16
Flowco valued at $2.55 bln as shares jump in strong NYSE debut
Jan 16 (Reuters) - Shares of Flowco Holdings FLOC.N opened nearly 21% above the initial public offering price in their market debut on Thursday, giving the oilfield services provider a market value of about $2.55 billion. (Reporting by Atharva Singh and Pritam Biswas in Bengaluru; Editing by Shilpi ...Reuters
Thu, Jan 16
Trump treasury pick Bessent says US-Japan steel merger would get normal review
Jan 16 (Reuters) - Scott Bessent, U.S. President-elect Donald Trump's choice to head the Treasury Department, on Thursday said that if the blocked merger between U.S. Steel and Nippon Steel comes back for review under the Trump administration, it will get a fair assessment."If it reappears, CFIUS wi...Reuters
Thu, Jan 16
Europe Gasoline/Naphtha-Gasoline margins rebound from 15-month low
LONDON, Jan 16 (Reuters) - Northwest European gasoline refining profit margins rose by around $1.50 to $5.49 per barrel on Thursday, despite gasoline inventories in the Amsterdam-Rotterdam-Antwerp (ARA) hub reaching a fresh all-time high.Independently held gasoline stocks in the ARA trading and refi...Reuters
Thu, Jan 16
EU wheat hits six-week low as export worries persist
PARIS, Jan 16 (Reuters) - Euronext wheat dropped for a third day in a row on Thursday to reach a six-week low as concern over weak export demand lingered, traders said.Benchmark March milling wheat BL2H5 on the Paris-based Euronext was down 1.0% at 226.00 euros ($233.03) per metric ton by 1724 GMT.T...Reuters
Thu, Jan 16
Yemen's Houthis to continue attacks if Gaza ceasefire breached
CAIRO, Jan 16 (Reuters) - The leader of Yemen's Iran-aligned Houthis, Abdul Malik al-Houthi, said on Thursday his group will monitor the implementation of a ceasefire deal between Israel and Hamas aimed at ending the 15-month war in Gaza and continue its attacks if it is breached.The Houthis, who ha...Reuters
Thu, Jan 16
Cargill agrees to $32 mln settlement in turkey price-fixing lawsuit
By Mike Scarcella Jan 16 (Reuters) - Meat industry giant Cargill has agreed to pay $32.5 million to settle a class action accusing it of conspiring with rival processors to fix the price of turkey, according to a filing in Chicago federal court.Lawyers for the plaintiffs submitted the preliminary...Reuters
Thu, Jan 16
METALS-Copper hits five-week peak on China stimulus hopes
Updates prices at 1700 GMTBy Eric Onstad LONDON, Jan 16 (Reuters) - Copper prices touched a five-week high on Thursday after the dollar's rally paused and investors had renewed hope that China would take more action to boost its sluggish economy.Three-month copper CMCU3 on the London Metal Exchan...Reuters
Thu, Jan 16
BRIEF-Waga Energy Wins Order For RNG Prodcution Unit In California
Jan 16 (Reuters) - Waga Energy SA WAGA.PA:KERN COUNTY PUBLIC WORKS SELECTS WAGA ENERGY TO UPGRADE LANDFILL GAS TO RNG IN CALIFORNIAUNIVERSITY OF CALIFORNIA TO PURCHASE RNG UNDER A 20-YEAR OFF-TAKE AGREEMENTPROJECT WILL OFFSET APPROXIMATELY 30,000 TONS OF CO2 EQUIVALENT EMISSIONS ANNUALLYFACILITY SCH...Reuters
Thu, Jan 16
Power Up: Crude's sanctions surge
Power Up is published on Mondays and Thursdays. Think your friend or colleague should know about us? Forward this newsletter to them. They can also subscribe here. Jan 16 (Reuters) - By Clyde RussellAsia Commodities and Energy ColumnistWelcome to Power Up! Crude oil prices are rising for a seco...Reuters
Thu, Jan 16
US Cash Grains-Corn and soy basis bids mostly steady
CHICAGO, Jan 16 (Reuters) - Spot basis bids for corn and soy were mostly flat at elevators, river terminals, ethanol plants other types of processors around the U.S. Midwest on Thursday after a week of revived farmer sales, a spot check showed. * Corn and soy futures fell back after hitting multi-mo...Reuters
Thu, Jan 16
Cotton hits two-month low on higher dollar, weak China demand
Jan 16 (Reuters) - ICE cotton futures fell over 1% on Thursday, sinking to a near two-month low, dragged down by strong dollar and a federal weekly export sales report that highlighted lower China demand for the natural fiber.* Cotton contracts for March CTc1 fell 0.76 cent, or 1.12%, to 67.01 cents...Reuters
Thu, Jan 16
US Interior nominee says permitting reform needed to speed energy projects
Jan 16 (Reuters) - U.S. Interior Secretary nominee Doug Burgum told lawmakers during his confirmation hearing on Thursday that permitting reform is needed to speed energy projects, particularly to boost power production."We've got to get to work in permitting reform and speeding permitting right now...Reuters
Thu, Jan 16
ARA gasoline stocks rise to new record, Insights Global data shows
LONDON, Jan 16 (Reuters) - Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose marginally on the week to a new record high, data from Dutch consultancy Insights Global showed on Thursday.Gasoline stocks stood at 1.54 million metric tons, from 1.5...Reuters
Thu, Jan 16
Zambia says Saudi's Manara interested in its copper assets
By Pesha Magid RIYADH, Jan 16 (Reuters) - Saudi Arabia's Manara Minerals is looking for critical minerals projects in Zambia to invest in, the southern African country's mines minister Paul Kabuswe told Reuters on Thursday.Manara and Africa's second-largest copper producer held talks on Wednesday...Reuters
Thu, Jan 16
BUZZ-COMMENT-AUD/USD shorts face risks of a short squeeze
Jan 16 (Reuters) - AUD/USD traded near flat Thursday after erasing earlier losses and technicals and positioning suggest shorts could get squeezed hard.Recent U.S. pricing data helped ease investors concerns inflation is rising too fast and that the Fed may actually consider hiking rates. U.S. yield...Reuters
Thu, Jan 16
Canadian farmers warn Bunge's Viterra takeover will reduce competition
Farmers fear reduced crop selling options and pricesApproval conditions include selling grain elevators and oilseed plantsConcerns over merger's impact on Prairie and Quebec competitionBy Ed White WINNIPEG, Manitoba, Jan 16 (Reuters) - Farmers warn Canada's approval of U.S. grain trader Bunge's B...Reuters
Thu, Jan 16
