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METALS-Copper dips after Fed cuts rates, dollar firms
By Tom Daly Sept 18 (Reuters) - Copper prices edged lower on Thursday as traders booked profits following a rate cut by the U.S. Federal Reserve, while the dollar firmed after Fed Chair Jerome Powell ruled out more aggressive easing going forward. Benchmark three-month copper CMCU3 on the Lo...Reuters
7 minutes ago
Oil edges lower as traders weigh rate cut with worries over US economy
Brent, WTI both down for a second day of declineFed chair highlighted concerns about job market Market clouded by rising supply, US demand concerns By Anna Hirtenstein LONDON, Sept 18 (Reuters) - Oil prices edged lower on Thursday after the Federal Reserve cut interest rates as traders weighed th...Reuters
38 minutes ago
Japan should diversify oil sources but Canadian supply seen tough, industry association head says
TOKYO, Sept 18 (Reuters) - Japanese oil refiners should consider diversifying supply sources as 95% of its crude imports come from the Middle East, but importing Canadian oil could be challenging due to its heavy characteristics, the head of the industry association said on Thursday.Canada's mai...Reuters
an hour ago
ASIA COFFEE-Sluggish trade in Vietnam ahead of new crop season
By Phuong Nguyen and Mas Alina ArifinHANOI, Sept 18 (Reuters) - Coffee trading continued on a sluggish note this week in Vietnam due to a shortage of beans and soft demand as traders awaited the new crop season that officially begins next month, traders said on Thursday.In the Central Highlands, Vie...Reuters
an hour ago
PRECIOUS-Gold edges further back from record as dollar firms after Fed chair's remarks
Fed Chair says rate cut a 'risk-management measure'SPDR Gold Trust holdings fall 0.44% on WednesdayPlatinum gains 2%By Ishaan Arora Sept 18 (Reuters) - Gold retreated further on Thursday from the previous session's record high, pressured by an uptick in the dollar after the U.S. Feder...Reuters
an hour ago
UK's Octopus Energy to spin off technology arm Kraken
Sept 18 (Reuters) - Octopus Energy said on Thursday it would spin its technology arm Kraken Technologies off and named Tim Wan as the newly separated company's chief financial officer, as Britain largest electricity supplier focuses on its core operations.Kraken, which provides energy softwa...Reuters
2 hours ago
Singapore fuel oil stockpiles dip further but holds above 25 million barrels
SINGAPORE, Sept 18 (Reuters) - Onshore fuel oil stockpiles in Singapore eased for a second consecutive week but held above 25 million barrels, averaging higher month-on-month, official data showed on Thursday. Inventories for residual fuels STKRS-SIN fell to 25.41 million barrels (about 4 million me...Reuters
2 hours ago
French unions strike against austerity, pressuring Macron
Protests begin across FranceUnions angry with planned budget cutsGovernment is under pressure to fix ailing public financesBy Lucien Libert and Mathias de Rozario PARIS, Sept 18 (Reuters) - Teachers, train drivers, pharmacists and hospital staff went on strike and teenagers blocked their high sch...Reuters
2 hours ago
Kuwait oil minister expects demand boost after US rate cut
KUWAIT, Sept 18 (Reuters) - Kuwait's Oil Minister Tariq Al-Roumi said on Thursday he anticipated higher oil demand following the recent U.S. interest rate cut, particularly from Asian markets.The U.S. Federal Reserve, goaded by the risk of rising unemployment, reduced interest rates on Wednesday...Reuters
2 hours ago
METALS-Shanghai copper hits over one-week low after Fed's rate cut
By Amy Lv and Lewis Jackson BEIJING, Sept 18 (Reuters) - Shanghai copper futures fell to their lowest in more than a week on Thursday as traders booked profits following an expected 25-basis-point interest rate cut by the U.S. Federal Reserve, and due to higher supply from top consumer China.Foll...Reuters
2 hours ago
CORRECTED-Hungary has not changed position on phasing out Russian fuel, minister says
BRUSSELS, Sept 18 (Reuters) - Hungary remains opposed to phasing out Russian fossil fuels faster than planned, its environment minister Aniko Raisz indicated on Thursday. "I think you know our position. We are one of the few landlocked countries in the region. Our position has always been guided...Reuters
3 hours ago
PRECIOUS-Gold slips as dollar firms after Fed's message on interest rate path
Powell describes rate cut as risk-management measureSPDR Gold Trust holdings fall 0.44% on WednesdayBy Brijesh Patel Sept 18 (Reuters) - Gold prices extended losses on Thursday as the dollar firmed after the U.S. Federal Reserve cut interest rates by an expected quarter of a percentage point and ...Reuters
4 hours ago
Investors in Vietnam to face strict police screening under planned reform
Security ministry to gain vetting powers on investment projectsPlan concerns critical projects and also golf, industrial parksInvestor-reliant Vietnam has faced criticism over slow approvalsBy Francesco Guarascio and Khanh Vu HANOI, Sept 18 (Reuters) - Investors in Vietnam in energy, telecommunic...Reuters
4 hours ago
TABLE-North Sea gas maintenance schedule: Adds Perenco Bacton outage
Sept 18 (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
4 hours ago
Crude Oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $63.38 per barrel, down from Wednesday’s close at $63.63.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $67.28 after its previous daily close at $67.53.Fxstreet
4 hours ago
ANALYSIS-Anglo-Teck merger to unlock Chile mine synergies, if Glencore signs off
Anglo American and Glencore each own 44% of Collahuasi copper mineTeck's Quebrada Blanca faces cost overruns, waste issuesCopper miners are seeking collaboration to offset lower ore gradesBy Daina Beth Solomon and Fabian Cambero SANTIAGO, Sept 18 (Reuters) - The proposed Anglo American-Teck m...Reuters
4 hours ago
COLUMN-Oil market blind spots give traders a nasty headache: Bousso
Chinese oil storage increasingly vital for market, but data is obscureIEA, OPEC offer widely divergent estimates for oil demand growthGrowing sanctions-busting fleet of tankers complicates oil trackingBy Ron Bousso LONDON, Sept 18 (Reuters) - Growing blind spots in the oil market driven by geopol...Reuters
4 hours ago
