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China curbs domestic fuel price hike again to soften impact of surging oil prices
China limits fuel price hikes to soften impact of Iran war-driven oil price surgeWorld's second-largest oil consumer weathers oil shocks better than many Asian peersAirlines hike fuel surcharges; impact on broader Chinese economy remains muted BEIJING, April 7 (Reuters) - China on Tuesday onc...Reuters
20 minutes ago
WTI Crude Oil steadies above $103.00 with Iran’s deadline looming
The US benchmark West Texas Intermediate Oil (WTI) hesitates near four-week highs on Tuesday. Price action remains steady above the 103.00 per barrel, but attempts to extend gains beyond 105.00 have been capped with US President Donald Trump’s deadline on Tehran approaching.
Fxstreet
an hour ago
Brent: Conflict scenarios keep prices elevated – Societe Generale
Societe Generale’s Commodity Compass Analytics (CCA) team, led by Michael Haigh, Ben Hoff and Jeremy Sellem, highlights that Dated Brent at $141/bbl reflects severe physical tightness as Strait of Hormuz flows remain impaired.Fxstreet
an hour ago
EUROPE GAS-European gas prices rangebound as Trump deadline for Iran looms
Market awaits outcome of Trump ultimatum to IranStable supply, higher temperatures keep gas prices in narrow range LONDON, April 7 (Reuters) - Benchmark Dutch and British wholesale gas prices traded in a narrow range on Tuesday morning after Iran rejected a U.S. proposal brokered by Pakistan for ...Reuters
an hour ago
China's central bank maintains gold buying for 17th month
BEIJING, April 7 (Reuters) - China's central bank stayed the course on gold purchases for a 17th consecutive month, with its reserves amounting to 74.38 million fine troy ounces by the end of March, versus the previous month's 74.22 million. The country's gold reserves were valued at $34...Reuters
an hour ago
China's forex reserves fall more than expected in March
BEIJING, April 7 (Reuters) - China's foreign exchange reserves fell more than expected in March, central bank data showed on Tuesday, as the dollar gained strength.The country's foreign exchange reserves, the world's largest, stood at $3.342 trillion last month, below the estimated $3.39...Reuters
2 hours ago
REFILE-Iron ore gains as trade resumes in China; Trump's deadline for Iran looms
By Ruth Chai SINGAPORE, April 7 (Reuters) - Iron ore futures rose for the first time in three sessions on Tuesday as trading resumed in top buyer China after a long holiday weekend, with investors awaiting clarity on the prospects of a resolution to the Iran war.Prices were also underpinned by de...Reuters
2 hours ago
Russia's Yamal LNG sends first cargo to China since November, data shows
MOSCOW, April 7 (Reuters) - Yamal LNG, controlled by Russia's largest liquefied natural gas producer Novatek NVTK.MM, has sent its first cargo to China since last November, LSEG data showed on Tuesday, weeks before the gradual enforcement of Europe's ban on Russian LNG imports.The project, l...Reuters
2 hours ago
Iron ore falls on rising inventories, anti-dumping measures
By Ruth Chai SINGAPORE, April 7 (Reuters) - Iron ore futures fell on Tuesday as rising inventories and fresh anti-dumping measures on Chinese finished steel products weighed on prices, although hopes of stronger demand after Beijing called for faster energy-related construction capped losses.The ...Reuters
2 hours ago
Oil prices climb as Hormuz stays shut ahead of Trump deadline
Iran faces Trump's 0400 GMT deadline to open Strait of HormuzTrump threatens to order attacks on Iran's bridges, power plantsIran rejects temporary ceasefire, demands permanent end to conflictWTI premium to Brent widensBy Anmol Choubey and Emily Chow SINGAPORE, April 7 (Reuters) - Oil pri...Reuters
2 hours ago
TABLE-North Sea gas maintenance schedule: Adds Taqa outage
April 7 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTA...Reuters
2 hours ago
Kazakhstan says CPC oil exports via Black Sea stable after Russia reports an attack
Russia said on Monday Ukraine attacked CPC loading facilitiesCPC terminal handles about 80% of Kazakhstan’s crude exports ASTANA, April 7 (Reuters) - Kazakhstan's energy ministry said on Tuesday that oil shipments via the Caspian Pipeline Consortium were stable after Russia's military acc...Reuters
2 hours ago
PRECIOUS-Gold muted as Trump's Iran deadline keeps markets cautious
Markets cautious ahead of Trump's midnight deadline for IranIran rejects ceasefire deal; Trump ramps up threatsFed presidents highlight inflation concernsFed March policy meeting minutes due on Wednesday By Pablo Sinha April 7 (Reuters) - Gold prices were muted on Tuesday as nervy investors ...Reuters
2 hours ago
TECHNICALS-CBOT corn still targets $4.44-3/4 to $4.46-3/4 range
SINGAPORE, April 7 (Reuters) - CBOT corn CK26 still targets a range of $4.44-3/4 to $4.46-3/4 per bushel, as suggested by a projection analysis.The contract is riding on a wave c, which has briefly travelled twice below the 123.6% projection level of $4.49-1/4. It is highly likely to extend into the...Reuters
2 hours ago
China raises domestic retail gasoline, diesel prices again
BEIJING, April 7 (Reuters) - China will raise the maximum retail prices for gasoline and diesel sold domestically by 420 yuan ($61.11) per metric ton and 400 yuan ($58.20) per ton, respectively, from Tuesday night, the country's state planner said. To mitigate the impact of rising international ...Reuters
2 hours ago
WRAPUP 2-Under airstrikes, Iran defiant on eve of Trump's ceasefire deadline
Iran says Pakistani mediation efforts at "critical stage"Israel warns Iranians to stay away from trains and railways Deadline approaches on Trump's threat to unleash massive strikes on Iranian infrastructure Oil prices surge as Strait of Hormuz remains closed DUBAI/WASHINGTON, April 7...Reuters
2 hours ago
