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METALS-Copper drifts higher on increased risk appetite after Nvidia results
By Eric Onstad LONDON, Aug 28 (Reuters) - Copper prices edged higher on Thursday, supported by a weaker dollar and increased appetite for risky assets after results from Nvidia reassured markets about the AI boom.Benchmark three-month copper CMCU3 on the London Metal Exchange gained 0.3% to $9,78...Reuters
16 minutes ago
Oil falls as end of driving season looms, Druzhba restarts
Crude falls after 1% gain in previous sessionUS demand to ease at the end of summer driving seasonRussian oil supplies through Druzhba pipeline restartIndian buying pattern of Russian oil in focus By Alex Lawler LONDON, Aug 28 (Reuters) - Oil fell on Thursday after rising in the previous session,...Reuters
42 minutes ago
Tanker loads naphtha at Novatek's Ust-Luga terminal, data shows
MOSCOW, Aug 28 (Reuters) - Panama-flagged tanker Star Energy was being loaded at Novatek's terminal at the Baltic Sea port of Ust-Luga, where the company's fuel-producing complex was damaged by fire last week, data from industry sources and LSEG showed on Thursday.Debris from a destroyed Ukr...Reuters
44 minutes ago
RPT-COLUMN-Europe gas markets escape hectic LNG summer storage race: Bousso
European storage is at 76% of capacity, likely to reach 90% by OctoberEasing LNG demand in Asia to increase flows to EuropeLNG oversupply to grow sharply by 2030By Ron Bousso LONDON, Aug 28 (Reuters) - European gas traders have faced a stressful race against the clock in recent summers as they ha...Reuters
49 minutes ago
RPT-BREAKINGVIEWS-Utilities facing AI power drain will plug together
By Robert Cyran NEW YORK, Aug 27 (Reuters Breakingviews) - It’s getting tougher to keep the lights on. Amid the rush of economic modernization and a chase for cost-cutting through scale, the number of listed public utilities in the United States fell from around 1,000 in the early 20th century to...Reuters
49 minutes ago
RPT-BREAKINGVIEWS-India can use US squeeze to demand more from China
By Shritama Bose MUMBAI, Aug 28 (Reuters Breakingviews) - U.S. President Donald Trump's quest to reorder global trade is having unlikely effects. Indian Prime Minister Narendra Modi will visit the northern Chinese port city of Tianjin next week on his first trip to the People's Repub...Reuters
49 minutes ago
Harmony's profit jumps on record-high gold prices, copper plans advance
Gold miner's annual profit up 26%Gold price rally drives record dividend payoutHarmony close to completing $1 bln copper acquisition Aug 28 (Reuters) - Harmony Gold HARJ.J, South Africa's biggest gold producer, reported a 26% jump in annual profit on Thursday, primarily boosted by record-...Reuters
an hour ago
Kremlin says it is satisfied after Italy arrests Ukrainian man over Nord Stream attack
MOSCOW, Aug 28 (Reuters) - The Kremlin said on Thursday that it was satisfied with the progress of a German investigation into attacks on the Nord Stream gas pipelines in the Baltic Sea in 2022 after Italy arrested a suspect wanted in Germany.An Italian appeals court earlier this month confirmed the...Reuters
an hour ago
GRAINS-Wheat extends fall on renewed signs of ample global supplies
Australia's wheat production forecast raised due to improved conditionsCorn rises for first time in four sessionsUS-China talks may impact soybean marketBy Sybille de La Hamaide and Naveen Thukral PARIS/SINGAPORE, Aug 28 (Reuters) - Chicago wheat futures extended their fall to a new one-week ...Reuters
2 hours ago
Sibanye Stillwater narrows loss on restructuring, US production credits
Aug 28 (Reuters) - Sibanye Stillwater SSWJ.J said on Thursday it narrowed its half-year loss to $211 million, mainly due to production credits extended to its U.S. palladium business as well as the restructuring of its South African mines.The diversified miner's loss in the six months to June 30...Reuters
2 hours ago
Tanker with sanctioned Russian Arctic LNG 2 cargo berths in China, tracking data shows
First Arctic LNG 2 cargo arrives in China amid Western sanctionsCargo arrives via Arctic Mulan tanker, also subject to sanctionsFive other Arctic LNG 2 cargoes loaded this year heading east -dataBy Emily Chow SINGAPORE, Aug 28 (Reuters) - A tanker carrying liquefied natural gas from Russia's ...Reuters
2 hours ago
Russia eyes China trade revival as Putin prepares for Xi summit, sources say
Putin to meet Xi at summit in northern ChinaRussia-China trade turnover down 8% from January to JulySlide in trade from record highs causing concern in MoscowChina crucial for Russian military tech, says Russian sourceAgriculture and energy projects could be ways to boost trade By Gleb Bryanski, Dar...Reuters
2 hours ago
FACTBOX-How Germany is building up LNG import terminals
FRANKFURT, Aug 28 (Reuters) - Germany is putting into operation a second liquefied natural gas import terminal, the latest step in its effort to replace piped Russian gas since Moscow's invasion of Ukraine in 2022.Its first move has been to deploy floating storage regasification units (FSRUs) to...Reuters
2 hours ago
Swiss president discusses peace, reconstruction with Ukrainian PM
BERLIN, Aug 28 (Reuters) - Swiss President Karin Keller-Sutter and Ukrainian Prime Minister Yulia Svyrydenko discussed the peace process and reconstruction in Ukraine during talks in Bern on Thursday, the Swiss government said.The countries announced 12 projects to be run by Swiss companies and supp...Reuters
2 hours ago
Specialty building products distributor GMS Q1 sales beat estimates
OverviewGMS fiscal Q1 net sales beat analyst expectations, reaching $1.41 bln, per LSEG dataPretax profit for fiscal Q1 missed analyst estimates, per LSEG dataAdjusted EBITDA margin decreased to 9.6% from 10.1% last yearResult DriversWALLBOARD DECLINE - Wallboard net sales fell 5.4%, with wallboard ...Reuters
3 hours ago
Singapore fuel oil stockpiles rebound to three-week high
SINGAPORE, Aug 28 (Reuters) - Onshore fuel oil stockpiles in Singapore rebounded to their highest in three weeks, official data showed on Thursday. Residual fuel inventories STKRS-SIN rose 7.3% to 24.72 million barrels (3.89 million metric tons) in the week to Aug. 27, according to data from Enterpr...Reuters
3 hours ago
Tanker with sanctioned Russian Arctic LNG 2 cargo berths in China, tracking data shows
First Arctic LNG 2 cargo arrives in China amid Western sanctionsCargo arrives via Arctic Mulan tanker, also subject to sanctionsFive other Arctic LNG 2 cargoes loaded this year heading east -dataBy Emily Chow SINGAPORE, Aug 28 (Reuters) - A tanker carrying liquefied natural gas from Russia's ...Reuters
3 hours ago
India's Modi seeks closer ties on Asia tour to offset fallout from US tariffs
Indian PM set to meet leaders of Japan, China and RussiaVisit comes amid backdrop of rising trade tension with U.S.Japan expected to pledge investments of up to $68 billionChina visit is Modi's first in more than seven yearsIndia eyes deeper ties on critical minerals, manufacturingBy Krishna N. ...Reuters
4 hours ago
