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South Korea envoy to visit Kazakhstan, Oman and Saudi Arabia to secure oil supplies
SEOUL, April 7 (Reuters) - South Korean presidential chief of staff Kang Hoon-shik said on Tuesday he would travel to Kazakhstan, Oman and Saudi Arabia to secure supplies of crude oil and naphtha amid disruptions to shipping through the Strait of Hormuz.Reuters
29 minutes ago
PRECIOUS-Gold steady as investors await Trump deadline on Strait of Hormuz
April 7 (Reuters) - Gold prices held steady on Tuesday, as investors remained cautious ahead of a deadline set by U.S. President Donald Trump on reopening the Strait of Hormuz, a key flashpoint in the Iran war.FUNDAMENTALSSpot gold XAU= was steady at $4,646.69 per ounce by 0100 GMT, while U.S. gold ...Reuters
34 minutes ago
Gold Rebounds as Traders Watch Trump’s Iran Deadline
Gold price (XAU/USD) recovers to near $4,660 during the early Asian session on Tuesday. The precious metal drifts higher as traders watch US President Donald Trump's Tuesday deadline for military strikes on Iranian infrastructure following the closure of the Strait of Hormuz.
Fxstreet
an hour ago
Us Crude Premiums Climb to Record Levels as Asia, Europe Compete for Supply
WTI premiums for Asia jump to $30-$40/bbl for July deliveryRecord premiums lead to wider losses for Asia, Europe refinersBy Florence Tan and Siyi Liu SINGAPORE, April 6 (Reuters) - Spot premiums for U.S. West Texas Intermediate crude have jumped to all-time highs as competition between Asian andReuters
an hour ago
China's Xi urges faster development of new energy system as Middle East war continues
Xi urges safeguards for China's energy securityThe Party Central Committee has advanced the new energy security strategy in depth, says XiChina must stay committed to low-carbon development, he addsBy Liz Lee and Claire Fu BEIJING/SINGAPORE, April 6 (Reuters) - Chinese President Xi Jinping ha...Reuters
an hour ago
LIVESTOCK-Live cattle futures hit contract highs on cash market strength
By Julie Ingwersen CHICAGO, April 6 (Reuters) - Live cattle futures on the Chicago Mercantile Exchange (CME) climbed on Monday, driven by robust cash cattle markets as meat packers ramped up beef production ahead of the summer grilling season, analysts said."It is post-Easter, and intentions ...Reuters
2 hours ago
GRAINS-Wheat eases on US rain forecast; corn, soybeans down
SINGAPORE, April 7 (Reuters) - Chicago wheat futures lost more ground on Tuesday, pressured by forecasts of much-needed rains that could improve crop prospects in the drought-stressed U.S. Plains.Corn and soybeans eased after closing marginally higher on Monday.FUNDAMENTALSThe most-active wheat cont...Reuters
2 hours ago
GRAINS-Wheat futures dip on timely US rains; corn, soybeans end firm
Timely rains forecast for drought-hit US Plains wheat beltAfter CBOT close, US wheat ratings fall below expectationsCorn and soybeans firm as crude oil futures climbBy P.J. Huffstutter and Julie Ingwersen CHICAGO, April 6 (Reuters) - Chicago Board of Trade wheat futures dipped to a nearly two-wee...Reuters
3 hours ago
Phillips 66 faces $900 million loss as Iran crisis lifts oil prices
By Nicole Jao NEW YORK, April 6 (Reuters) - U.S. refiner Phillips 66 PSX.N said on Monday its first-quarter results were hit by a sharp increase in commodity prices, leaving it with nearly $900 million in pre-tax mark-to-market losses, according to a filing with the Securities and Exchange Commis...Reuters
4 hours ago
Trump's shipping waiver does not boost oil flows within US; fuel exports soar
Oil and fuel shipments between US ports were flat from Feb-MarchUS fuel exports hit record high in MarchAsian refiners importing more US oil, raising freight ratesBy Shariq Khan and Anushree Mukherjee NEW YORK, April 6 (Reuters) - U.S. President Donald Trump's move allowing foreign-flagged ca...Reuters
4 hours ago
Honduras' coffee exports jump 30% in March
TEGUCIGALPA, April 6 (Reuters) - Honduras' coffee exports rose 29.6% year-on-year in March, according to data released on Monday by the Honduran Coffee Institute (IHCAFE).Some 1.4 million 46-kilogram bags of coffee were exported this March, compared to the 1 million bags shipped overseas in the ...Reuters
4 hours ago
Brazil's free cooking gas program threatened by energy price spike ahead of election
Lula launched program in November, with eye on 2026 electionNumber of Brazilians getting subsidized cooking gas has tripledMiddle East war has jacked up costs for cooking gas resellersBy Fabio Teixeira and Marta Nogueira RIO DE JANEIRO, April 6 (Reuters) - Surging energy prices could scupper ...Reuters
4 hours ago
Trump proposes to cut 9,400 TSA workers, $1.5 billion from budget
Agency says job cuts would save $500 millionWhite House has called security screening 'intrusive'Union opposes privatizationBy David Shepardson WASHINGTON, April 6 (Reuters) - The White House is proposing to cut more than 9,400 workers and just over $1.5 billion from the 60,000-employee T...Reuters
4 hours ago
CIF/FOB Gulf Grain-Corn barge bids flat, supported by export demand
CHICAGO, April 6 (Reuters) - Spot basis bids for corn shipped by barge to U.S. Gulf Coast terminals were mostly steady on Monday, underpinned by export demand, traders said.Though export demand has been solid, it could slow as competing supplies from Argentina and Brazil increasingly hit the global ...Reuters
5 hours ago
Gold Fields Netherlands Services Acquired 2.4 Million Common Shares Of Founders Metals
April 6 (Reuters) - Founders Metals Inc FDR.V:GOLD FIELDS NETHERLANDS SERVICES: ACQUIRED 2.4 MILLION COMMON SHARES OF FOUNDERS METALSGOLD FIELDS NETHERLANDS SERVICES: BENEFICIALLY OWNS ABOUT 12.50% OF ISSUED & OUTSTANDING FOUNDERS METALS SHARESReuters
5 hours ago
Panama to authorize First Quantum to remove ore from closed copper mine
PANAMA CITY, April 6 (Reuters) - Panama's government aims to finalize a resolution by Tuesday authorizing the removal of material from First Quantum Minerals' shuttered copper mine known as Cobre Panama, the country's trade minister Julio Molto said on Monday."We are ready to take th...Reuters
5 hours ago
CBOT soybeans end higher as crude oil lifts soyoil futures
CHICAGO, April 6 (Reuters) - Chicago Board of Trade soybean futures closed modestly higher on Monday as rising crude oil CLc1 prices lifted soyoil, traders said.CBOT May soybeans SK26 settled up 3-1/4 cents, or 0.3%, at $11.66-3/4 per bushel. CBOT May soyoil BOK26 rose 1.01 cent, or 1.5%, to finish...Reuters
5 hours ago
