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PRECIOUS-Gold eases after scaling record peak, Fed rate verdict looms
Spot gold scaled record high of $3,702.95/oz on TuesdaySilver slips over 1% Fed meeting concludes at 2:00 PM EDTBy Ashitha Shivaprasad and Anushree Mukherjee Sept 17 (Reuters) - Gold slipped on Wednesday as investors locked in profits after prices scaled the $3,700-mark in the previous session, w...Reuters
10 minutes ago
US natgas prices gain 2% to 8-week high as demand rises
Warm weather forecast unlikely to boost gas demand significantlyWaha Hub prices fall into negative territory again due to pipeline maintenanceTropical Depression Seven may become hurricane, unlikely to hit U.S.By Scott DiSavino Sept 17 (Reuters) - U.S. natural gas futures climbed about 2% to an e...Reuters
13 minutes ago
CBOT Trends-Wheat steady-up 1 cent, corn steady-up 1, soybeans up 1-2
CHICAGO, Sept 17 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday. WHEAT - Steady to up 1 cent per bushelCBOT wheat futures ticked up slightly, underpinned by strong exp...Reuters
19 minutes ago
Oil edges down as investors assess Russia supply risks
Concerns over potential Russian supply disruption support pricesMarkets eye Fed meeting for clues on economyUS crude stockpiles fell last week, industry data showsBy Seher Dareen LONDON, Sept 17 (Reuters) - Oil prices eased on Wednesday, after rising more than 1% in the previous session, as inves...Reuters
25 minutes ago
BofA Lowers Natural Gas Price Forecast For Fourth Quarter 2025 to $3/MMBTU
Sept 17 (Reuters) - BANK OF AMERICA: LOWERS ITS 4Q 2025 NATURAL GAS FORECAST TO $3/MMBTU ON HIGH SALT STOCKS, WITH POSSIBLY EVEN LOWER PRICES SHOULD TROPICAL ACTIVITY DISRUPT GULF COAST GAS DEMANDMAINTAINS ITS 2026 PRICE FORECAST FOR NOW AT $4/MMBTU ON ROBUST LNG DEMAND, BUT EARLY WINTER GAS PRODUCT...Reuters
28 minutes ago
FACTBOX-How Germany is building up LNG import terminals
FRANKFURT, Sept 17 (Reuters) - Germany is putting into operation natural gas import terminals as part of efforts to replace piped Russian gas following Moscow's invasion of Ukraine in 2022.Its first move has been to deploy floating storage regasification units (FSRUs) to receive seaborne LNG, wh...Reuters
an hour ago
METALS-Copper hits one-week low ahead of the US Fed rates decision
By Polina Devitt LONDON, Sept 17 (Reuters) - Copper prices hit a one-week low on Wednesday as traders trimmed positions ahead of a decision on U.S. interest rates from the U.S. Federal Reserve, while demand from top metals consumer China was muted by the recent copper rally.Benchmark three-month ...Reuters
an hour ago
SOFTS-Arabica coffee prices fall sharply, sugar also down
LONDON, Sept 17 (Reuters) - Arabica coffee futures on ICE fell sharply on Wednesday, retreating from the prior session's near seven-month high, while sugar prices were also lower.COFFEE* Arabica coffee KCc2 was down 4.1% at $3.9245 per lb by 1222 GMT, retreating from a near seven-month high of $...Reuters
an hour ago
1PointFive And NYK Announce Carbon Removal Agreement
Sept 17 (Reuters) - Occidental Petroleum Corp OXY.N:1POINTFIVE AND NYK ANNOUNCE CARBON REMOVAL AGREEMENT1POINTFIVE: CDR CREDITS FOR NYK TO BE PRODUCED FROM STRATOS, 1POINTFIVE’S FIRST DAC FACILITY IN TEXAS THAT IS ON TRACK TO START-UP THIS YEARReuters
an hour ago
PRECIOUS-Gold prices retreat from record high ahead of Fed rate verdict
Gold hit all-time high of $3,702.95/oz on TuesdayUS Federal Reserve statement due at 1400 GMT todayRecord gold prices in India fail to unlock scrap supplyBy Ishaan Arora Sept 17 (Reuters) - Gold prices retreated on Wednesday from a record-high level touched in the previous session, as investors l...Reuters
2 hours ago
CORRECTED-US approves $130 million project to build power line in Moldova
CHISINAU, Sept 17 (Reuters) - The U.S. has approved a $130 million project to construct a high voltage transmission line to ensure a reliable electricity supply to Moldova from European markets, the U.S. embassy in Moldova said on Wednesday.For years, Moldova depended on electricity produced in the...Reuters
2 hours ago
Canada's Ivanhoe Mines secures $500 million investment from Qatar wealth fund
Sept 17 (Reuters) - Canadian mining company Ivanhoe Mines IVN.TO said on Wednesday it will raise $500 million from Qatar Investment Authority (QIA) in a private placement, giving the sovereign wealth fund a 4% stake.QIA will buy 57.5 million Ivanhoe shares at C$12 apiece, below the stock's closi...Reuters
2 hours ago
Poland urges EU to end Russian oil imports by 2026, citing geopolitical risks
EU's von der Leyen plans faster phase-out of Russian energyEU had planned to phase out Russian oil and gas by Jan. 1 2028Poland urges fellow EU members to move quickly WARSAW, Sept 17 (Reuters) - Poland has urged European Union member states that are still buying Russian energy to end those i...Reuters
2 hours ago
GRAINS-Chicago grains off highs with Fed and China in focus
PARIS/BEIJING, Sept 17 (Reuters) - Chicago corn and soybean futures edged lower on Wednesday and wheat was little changed, with the markets consolidating after multi-week highs while traders waited on an expected U.S. interest rate cut and developments in trade talks between the United States and Ch...Reuters
2 hours ago
Deutsche Bank raises 2026 gold forecast to $4,000 as bullion hits record highs
Sept 17 (Reuters) - Deutsche Bank DBKGn.DE raised its gold price forecast by $300 for next year to an average of $4,000 per ounce on Wednesday, due to strong central bank demand, potential U.S. dollar weakness and a resumed Federal Reserve rate-easing cycle.
Reuters
3 hours ago
MOVES-Russia's Novatek hires China-focused LNG trader in Singapore, sources say
SINGAPORE, Sept 17 (Reuters) - Russia's largest liquefied natural gas producer Novatek NVTK.MM has hired Howard Wang as an LNG trader focused on the China market and based in Singapore, according to three persons with knowledge of the hire.It is Novatek's second recent hire for its Asia oper...Reuters
3 hours ago
Kremlin shrugs off EU plans to speed up phase-out of Russia's energy
EU to speed up Russia's fossil fuel exitKremlin: EU phase-out plans won't impact Russia MOSCOW, Sept 17 (Reuters) - The European Union's plans to phase out Russian energy and commodities more quickly will not affect Russia and will not force it to change its position, Kremlin spok...Reuters
3 hours ago
Kremlin: more EU sanctions will not force Russia to change course
MOSCOW, Sept 17 (Reuters) - Europe's plans to phase-out Russian energy and commodities more quickly will not affect Russia and will not force it to change its position, Kremlin spokesman Dmitry Peskov said on Wednesday.The European Union executive's head, Ursula von der Leyen, said on Tuesd...Reuters
4 hours ago
