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Oil settles higher as traders await Trump statement on Russia-Ukraine
Crude rises as traders await Trump statement on Russia-UkraineIndia oil imports from Russia set to rise in SeptemberRussian oil supplies through Druzhba pipeline restartBy Shariq Khan NEW YORK, Aug 28 (Reuters) - Oil prices settled higher on Thursday, bouncing off early losses after the White Hou...Reuters
6 minutes ago
US natural gas prices hit over 2-week high on smaller storage build, strong LNG exports
EIA reports 18 bcf injection vs. 26 bcf forecastLNG exports rise, average 15.9 bcfd in AugustCDDs projected at 128 over two weeks, prior 155 estimateBy Sherin Elizabeth Varghese Aug 28 (Reuters) - U.S. natural gas futures climbed to a more than two-week high on Thursday after a U.S. report showed...Reuters
12 minutes ago
ANALYSIS-Trump's options to ease Russia sanctions limited compared to Europe's
Europe's cooperation crucial for significant easing of Russia sanctionsUS options include lifting oilfield service sanctions, releasing seized assetsEurope holds key to lifting Russian oil import ban and SWIFT accessBy Timothy Gardner WASHINGTON, Aug 28 (Reuters) - U.S. President Donald T...Reuters
38 minutes ago
Gold rallies above $3,400 as Fed independence fight boosts safe-haven demand
Gold price rises to a five-week high of $3,413 as traders shrug off solid economic data from the United States (US), which justifies the current stance by the Federal Reserve (Fed) to hold rates unchanged.
Fxstreet
42 minutes ago
GRAINS-Soybeans tip lower on lack of Chinese demand; corn rises on export sales
Soy lower on vanished Chinese demandCorn higher on good export salesWheat chops up and down By Heather Schlitz CHICAGO, Aug 28 (Reuters) - Chicago soybean futures extended their fall on Thursday on a lack of Chinese demand for the U.S. oilseed while corn futures ticked higher on strong export sal...Reuters
an hour ago
US-Venezuela tensions rise as US warships arrive in Southern Caribbean
US naval buildup targets Latin American drug cartelsVenezuela's Maduro condemns US military presence as a threatBy Idrees Ali Aug 28 (Reuters) - Tensions between the United States and Venezuela are rising amid a large U.S. naval buildup in the Southern Caribbean and nearby waters, which U.S. ...Reuters
2 hours ago
Vale, Brazil fail to reach deal for railway concessions renegotiation
SAO PAULO, Aug 28 (Reuters) - Miner Vale VALE3.SA said on Thursday that it has not reached a consensus with the Brazilian government and local land transport agency ANTT for the renegotiation of two railway concession contracts within a previously established deadline.In a securities filing, Vale sa...Reuters
2 hours ago
US-Venezuela tensions rise as US warships arrive in Southern Caribbean
By Idrees Ali Aug 28 (Reuters) - Tensions between the United States and Venezuela are rising amid a large U.S. naval buildup in the Southern Caribbean and nearby waters, which U.S. officials say aims to address threats from Latin American drug cartels.U.S. President Donald Trump has made cracking...Reuters
2 hours ago
EU to scrap tariffs on US goods to pave way for lower car duties
By Philip Blenkinsop BRUSSELS, Aug 28 (Reuters) - The European Commission proposed on Thursday removing duties on imported U.S. industrial goods in return for reduced U.S. tariffs on European cars, a key part of the trade agreement the EU and the United States struck last month.The proposals mark...Reuters
2 hours ago
Europe Gasoline/Naphtha-Gasoline profit margins rise
LONDON, Aug 28 (Reuters) - Northwest European gasoline profit margins rose 35 cents to $15.76 a barrel on Thursday on lower stocks. A total of 10,000 metric tons of Eurobob E5 barges traded in the session, with Gunvor, BP and Trafigura selling to Exxon and TotalEnergies.An additional total of 10,000...Reuters
2 hours ago
Canada wheat, barley production down, canola and oats up, StatsCan survey finds
Canola crop projected at almost 20 million tonsCrop conditions were extremely variableGood August weather not included in analysisBy Ed WhiteWINNIPEG, Aug 28 (Reuters) - Canada's crops showed an extreme range of conditions in late July, Statistics Canada reported on Thursday, but total productio...Reuters
2 hours ago
Phillips 66 to begin winding down Los Angeles-area refinery next week, sources say
By Nicole Jao NEW YORK, Aug 28 (Reuters) - Phillips 66 PSX.N will begin shuttering its 139,000-barrel-per-day Los Angeles-area refinery in September, people familiar with the matter said.The Los Angeles-area refinery will start winding down operations for permanent closure as early as next week, ...Reuters
3 hours ago
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 0.7% to $9,82...Reuters
3 hours ago
Sibanye Stillwater narrows loss on restructuring, US production credits
H1 loss $211 million vs $372 million loss a year agoSibanye books another $526 million in impairmentsUS production credits, gold income partly offset lossesPreliminary ruling on Russia tariff petition seen in 3-5 months Aug 28 (Reuters) - Sibanye Stillwater SSWJ.J reported a narrower first-half l...Reuters
3 hours ago
Euronext wheat slips to fresh lows as Russian competition looms
PARIS, Aug 28 (Reuters) - Euronext wheat futures dropped on Thursday to contract lows as a firmer euro and falling prices in Russia weighed on export sentiment.December milling wheat BL2Z5 on Paris-based Euronext was down 0.9% at 1540 GMT to 192.25 euros ($225.07) per metric ton. It earlier set a ne...Reuters
3 hours ago
EU proposes tariff removal on US imports to speed up lower US car duties
BRUSSELS, Aug 28 (Reuters) - The European Commission proposed on Thursday removing tariffs on imported U.S. industrial goods, part of a trade agreement with the United States that should result in a retroactive lowering of U.S. tariffs on European cars.The proposal is the first step in enacting the ...Reuters
4 hours ago
Phillips 66 to begin winding down Los Angeles-area refinery next week, sources say
NEW YORK, Aug 28 (Reuters) - Phillips 66 PSX.N will begin shuttering its 139,000 barrel-per-day (bpd) Los Angeles-area refinery in September, people familiar with the matter said.The Los Angeles-area refinery will begin winding down operations for permanent closure as early as next week, two sources...Reuters
4 hours ago
W. Africa Crude-Differentials steady, tenders eyed
LONDON, Aug 28 (Reuters) - West African crude differentials were steady on Wednesday as trading has yet to kick off for October loading and the market awaited tender results.* Nigerian Qua Iboe was last offered at dated Brent plus $2.50 a barrel. No update to that figure was heard on Thursday.* The ...Reuters
4 hours ago
Canada, India appoint new envoys to each other's countries in sign of improving ties
OTTAWA/NEW DELHI, Aug 28 (Reuters) - Canada and India announced new high commissioners to each other's countries on Thursday, in the latest sign of improving ties frayed by former Prime Minister Justin Trudeau's allegation that India was linked to the killing of a Sikh separatist leader ...Reuters
4 hours ago
