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Iran confirms entry of IAEA inspectors, says no final agreement on cooperation yet, ICANA reports
DUBAI, Aug 27 (Reuters) - Inspectors from the UN nuclear watchdog IAEA entered Iran with the consent of Iran's Supreme National Security Council, Iran's foreign minister said in comments carried by the parliament news agency ICANA."There is no final agreement yet on cooperation with the ...Reuters
15 minutes ago
India hopeful US will review extra 25% tariff for Russian oil purchases, Indian government source says
NEW DELHI, Aug 27 (Reuters) - India is hopeful that the U.S. will review the additional 25% tariff imposed on Indian goods as penalty for its Russian oil purchases, a government source told reporters on Wednesday.The Indian government is holding talks with exporters to increase shipments of textiles...Reuters
20 minutes ago
METALS-Copper breaks four sessions of gains on firmer dollar and China worries
By Eric Onstad LONDON, Aug 27 (Reuters) - Copper slipped on Wednesday, breaking four sessions of gains, weighed down by a stronger dollar, rising inventories and concern about demand in top metals consumer China. The benchmark three-month contract CMCU3 on the London Metal Exchange was down 0.5% ...Reuters
23 minutes ago
US federal govt plans to reclaim management of Washington Union Station
WASHINGTON, Aug 27 (Reuters) - The U.S. Transportation Department said Wednesday it plans to reclaim management of Washington Union Station.In March, the White House forced the CEO of U.S. passenger railroad company Stephen Gardner to step down after President Donald Trump sought the changes. Trump ...Reuters
25 minutes ago
Jeff Hildebrand's Harvest Midstream agrees to buy some MPLX pipeline assets for $1 billion, sources say
By David French Aug 27 (Reuters) - Harvest Midstream, owned by the founder of privately-held Hilcorp Energy, has agreed a deal to acquire around $1 billion of natural gas gathering and processing assets from MPLX MPLX.N, people familiar with the matter said.Houston-based Harvest holds midstream a...Reuters
30 minutes ago
REFILE-Freeport Indonesia to wrap up Gresik plant repairs by early September
JAKARTA, Aug 27 (Reuters) - Copper miner PT Freeport Indonesia expects to complete in early September repair work at its joint-venture smelter in East Java, a company spokesperson said on Wednesday.Repairs at an oxygen plant delayed startup of the Gresik smelter, a joint venture between Freeport Ind...Reuters
30 minutes ago
GRAINS-Corn eases on expectations of record US harvest, wheat down
Corn prices down for 2nd session on supply pressureWheat falls for 1st time in three sessions, soybean flat SINGAPORE, Aug 27 (Reuters) - Chicago corn futures lost more ground on Wednesday, with prices weighed down by expectations of a record U.S. harvest, which is prompting farmers to sell their...Reuters
32 minutes ago
PRECIOUS-Gold eases on firmer dollar and profit-taking
US dollar up 0.4%Fed's Cook will file lawsuit to keep job, Cook's lawyer saysFocus on US PCE data due on FridayBy Ishaan Arora Aug 27 (Reuters) - Gold prices slipped on Wednesday as the dollar firmed and some investors booked profits from a more than two-week peak hit in the previous sess...Reuters
43 minutes ago
Steel inventories in China continue to rise – ING
Steel inventories at major Chinese Steel mills rose for a second consecutive week to 15.7mt in mid-August, up 4% compared to early August, according to the China Iron and Steel Association (CISA), ING’s commodity analysts Warren Patterson and Ewa Manthey note.Fxstreet
51 minutes ago
Bank climate coalition to vote on ditching 'alliance'
LONDON, Aug 27 (Reuters) - The Net-Zero Banking Alliance, the world's main banking industry group focused on cutting carbon emissions, said on Wednesday it had proposed changing its aims from being a 'membership-based alliance' to a 'framework initiative'.The move, to be voted on...Reuters
52 minutes ago
EUROPE GAS-Prices little changed on weak demand, Norwegian outages
LONDON, Aug 27 (Reuters) - Dutch and British wholesale gas prices were little changed early on Wednesday as strong wind power output limited demand and offset lower supply from Norway.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was down 0.08 euro at 33.17 euros per megawatt ho...Reuters
2 hours ago
Oil steadies as investors eye Ukraine war, US inventories
Witkoff to meet Ukrainians in New York this weekAPI shows US crude, products inventories fall, sources sayRussia lifts August crude exports after refinery attacksBy Alex Lawler LONDON, Aug 27 (Reuters) - Oil prices steadied on Wednesday, after falling in the previous session, as investors watched...Reuters
2 hours ago
RWE CEO sees no need for writedowns on major US offshore project
DUESSELDORF, Aug 27 (Reuters) - RWE, the world's No. 2 developer of offshore wind, sees no need to write down a 3-gigawatt project in the United States, its CEO said, just days after the U.S. government ordered bigger rival Orsted to stop construction on an advanced site.The so-called Community ...Reuters
2 hours ago
MOVES-Vitol's former Asia LNG lead joins ExxonMobil to head global LNG trading
SINGAPORE, Aug 27 (Reuters) - The former head of Vitol's Asia region liquefied natural gas operations will join U.S. oil major ExxonMobil XOM.N to lead its global LNG trading and Asia Gas and Power divisions. Sid Bambawale will begin his role at ExxonMobil in Singapore on September 1 after stepp...Reuters
3 hours ago
METALS-Copper falls on dollar gains, China industrial weakness
By Lucas Liew Aug 27 (Reuters) - Copper fell on Wednesday as a firmer dollar weighed on prices, while concerns over sluggish industrial activity in China added to the cautious tone.The three-month contract on the LME CMCU3 edged down 0.21% to $9,816 per metric ton by 0706 GMT, while the most-tra...Reuters
3 hours ago
RUBBER-Japan futures fall as firm dollar weighs, supply concerns cap losses
Aug 27 (Reuters) - Japanese rubber futures ended daytime trade lower as a stronger dollar weighed on prices, though losses were cushioned by supply concerns after Typhoon Kajiki brought heavy rains to key producing regions.The Osaka Exchange (OSE) rubber contract for January delivery JRUc6, 0#2JRU...Reuters
3 hours ago
TABLE-UAE's Fujairah oil inventory data for week ended August 25
Aug 27 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended August 25, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change fro...Reuters
3 hours ago
