News
Important Only
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
31 minutes 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
44 minutes 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
56 minutes 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
57 minutes 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
an hour ago
REFILE-Vietnam to make switch to ethanol-blended fuel in move to boost U.S. imports
HANOI, Aug 27 (Reuters) - Vietnam is planning to switch completely to ethanol-blended gasoline from next year, opening up the possibility for the Southeast Asian country to import more ethanol and corn from the United States. The Ministry of Industry and Trade has submitted a proposal to the governm...Reuters
an hour ago
EXPLAINER-Why India's Russian oil imports sparked US tariffs amid Ukraine peace talks
By Nidhi Verma NEW DELHI, Aug 27 (Reuters) - India, the world's third-biggest oil importer and consumer and the largest buyer of Russian seaborne crude, is caught in the crossfire of diplomatic negotiations between Russia and the United States to end the war in Ukraine.WHY HAS TRUMP IMPOSED A...Reuters
an hour ago
Oil steady as investors eye Ukraine war, US tariffs on India
NEW DELHI, Aug 27 (Reuters) - Oil prices steadied on Wednesday, after falling in the previous session, as investors watched for fresh developments in the Ukraine war and weighed hefty new U.S. tariffs on India, the world’s third-biggest crude consumer.Reuters
2 hours ago
US extends waiver of sanctions on Serbia's Russian-owned NIS oil company
BELGRADE, Aug 26 (Reuters) - The United States has for the sixth time postponed sanctions on Serbia's Russian-owned oil company NIS NIIS.BEL, which operates the only oil refinery in the Balkan country, Serbia's energy minister Dubravka Djedovic Handanovic said on Wednesday. The waiver would ...Reuters
2 hours ago
EXCLUSIVE-West frets over China's interest in Vietnam tungsten mine, sources say
Masan has flagged interest in selling tungsten complex, sources sayIts Nui Phao complex is a top supplier of the critical mineral outside China Two Chinese firms interested in taking a stake in the business, source saysWestern diplomats have visited the complex multiple times in recent months, sourc...Reuters
2 hours ago
South Korea, US to deepen nuclear energy partnership, Seoul says
SEOUL, Aug 27 (Reuters) - South Korea and the United States have agreed to further strengthen a partnership on nuclear energy, Seoul's foreign ministry said on Wednesday.Kim Jina, South Korea's vice foreign minister, met James Danly, U.S. Deputy Secretary of Energy, on Wednesday, the ministr...Reuters
2 hours ago
TECHNICALS-CBOT soybeans may test support at $10.38
For more technical analyses, please click SINGAPORE, Aug 27 (Reuters) - The CBOT soybean November contract SX25 may test support at $10.38 per bushel, a break below which could cause a fall into the $10.16 to $10.27 range.It has been observed that the formation of a big wedge follows the 0.864 ratio...Reuters
2 hours ago
UK's Ofgem Says Energy Price Cap Will Rise By 2% From October
Aug 27 (Reuters) - UK's Ofgem:OFGEM - ENERGY PRICE CAP WILL RISE BY 2% FROM OCTOBERUK'S OFGEM RAISES ENERGY PRICE CAP BY 2% FOR OCT-DEC VERSUS CORNWALL INSIGHT ESTIMATE OF +1%OFGEM: FROM OCTOBER TO DECEMBER, TYPICAL HOUSEHOLD ON DEFAULT TARIFF WILL PAY £102 FOR WHAT CURRENTLY COSTS £100 PER...Reuters
2 hours ago
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $63.00 per barrel, down from Tuesday’s close at $63.16.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $66.58 after its previous daily close at $66.74.
Fxstreet
2 hours ago
COLUMN-US fossil fuel electricity output and emissions hit 2025 peaks: Maguire
By Gavin MaguireLITTLETON, Colorado, Aug 27 (Reuters) - There's good news and bad news for climate trackers following U.S. power generation and emissions trends.The good news is that electricity production from fossil fuels likely peaked for the year in July when annual demand for air conditioni...Reuters
3 hours ago
COLUMN-Trump tariffs force much-needed petrochemicals contraction: Bousso
Petrochemicals supply to exceed demand by 20-25% by 2030South Korea to cut capacity in reponse to US tariffsChina considers closing loss-making plantsBy Ron Bousso LONDON, Aug 27 (Reuters) - U.S. President Donald Trump's trade wars are nudging the global plastics industry toward a painful but...Reuters
3 hours ago
TABLE-North Sea gas maintenance schedule: Revises Bacton SEAL (Elgin Franklin) outage
Aug 27 (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.OPERATORLOCATIONOUTAG...Reuters
3 hours ago
COLUMN-India, US to lose from Trump tariffs as Russia wins: Russell
By Clyde Russell LAUNCESTON, Australia, Aug 27 (Reuters) - The United States imposed tariffs of up to 50% on imports of goods from India on Wednesday in a move that is a textbook example of a lose-lose situation for both countries, but perversely is a win for the intended target, Russia.The addit...Reuters
3 hours ago
FEMA workers put on leave after letter criticizing Trump administration, group says
Step likely to fuel concerns about intolerance of dissentFEMA faces workforce reduction and funding cuts under Trump administrationIn July, EPA placed some employees on leave after dissent letterBy Kanishka Singh WASHINGTON, Aug 26 (Reuters) - Some employees at the U.S. Federal Emergency Manageme...Reuters
5 hours ago
