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Oil prices dip as demand fears overshadow Fed rate cut
High distillate stockpiles add to concerns over demandMarket caught between conflicting signals, says analyst Benchmarks remain on track for second straight weekly gainEU will propose ban on Russian LNG by 2027, sources sayBy Stephanie Kelly LONDON, Sept 19 (Reuters) - Oil prices dropped on Frida...Reuters
4 minutes ago
Gold heads for fifth weekly gain with focus on US policy path after Fed action
Sept 19 (Reuters) - Gold prices edged higher on Friday, poised for a fifth consecutive weekly gain on the back of the Federal Reserve's first rate cut of the year, as investors awaited further signals on the U.S. policy outlook.
Reuters
7 minutes ago
Citi sees Brent crude at $60 by year-end as OPEC+ ramps up production
Sept 19 (Reuters) - Citi analysts on Friday forecast Brent crude oil prices would fall to $60 per barrel by year-end and average $62 per barrel between the second and fourth quarters of 2026, citing OPEC+ production increases and China's stockpiling.
Reuters
8 minutes ago
RPT-COLUMN-Texas and California widen clean power lead over rest of US: Maguire
By Gavin Maguire LITTLETON, Colorado, Sept 19 (Reuters) - Texas and California are driving U.S. clean power supplies to record highs so far in 2025, and are building a widening lead over the rest of the country in terms of the share of total power generated from clean energy sources.Combined clea...Reuters
12 minutes ago
Ivanhoe cuts Kamoa-Kakula output outlook after flooding – ING
Ivanhoe Mines has trimmed its medium-term production outlook for the Kamoa-Kakula Copper mine to 550kt, down from over 600kt previously, after May’s flooding caused by seismic activity, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
20 minutes ago
Citi raises three-month gold price forecast to $3,800 an ounce
Sept 19 (Reuters) - Citi raised its gold price forecast on Friday, predicting that it will reach $3,800 an ounce in the next three months, up from a previous estimate of $3,600, citing cyclical and structural factors expected to support bullion prices in the near term.The bank said continued weakeni...Reuters
23 minutes ago
CORRECTED-India's IOC buys sweet crude for November delivery, sources say
SINGAPORE/NEW DELHI, Sept 19 (Reuters) - Indian Oil Corp IOC.NS, the country's top refiner, has bought 2 million barrels of sweet crude for November delivery via a tender, trade sources said on Friday.It bought U.S. West Texas Intermediate Midland crude from Totsa, they added.The WTI cargo was s...Reuters
an hour ago
FOCUS-How Canada's Haisla became the world's first Indigenous LNG owners
Indigenous equity ownership rising in Canadian energy projectsFirst Nation taking on up to C$1.4 billion in debt to finance stakeSome other LNG projects face Indigenous opposition By Amanda Stephenson KITIMAT, Canada, Sept 19 (Reuters) - When Maureen Nyce, the new chief of the Haisla First Nation...Reuters
an hour ago
US lawmakers plan to introduce bipartisan bill to kill coffee tariffs, Washington Post reports
Sept 19 (Reuters) - U.S. Representatives Don Bacon and Ro Khanna plan to introduce bipartisan legislation that would exempt coffee products from any tariffs imposed after Jan. 19, 2025, the Washington Post reported on Friday, citing a copy of the draft legislation.The exemption would apply to roaste...Reuters
an hour ago
Louis Dreyfus posts higher volumes, lower profits in first half
PARIS, Sept 19 (Reuters) - Agricultural commodity merchant Louis Dreyfus Company recorded a rise in first-half sales, supported by higher volumes shipped, but weaker prices for most crops pushed down profits, it said on Friday.LDC - commonly known as Dreyfus and part of the ABCD quartet of global cr...Reuters
2 hours ago
Perpetua gets US approval to begin construction on Idaho antimony and gold mine
US Forest Service issues conditional notice for developmentConstruction of Stibnite project expected to begin by OctoberReclamation bond finalization expected within weeksUS Export-Import Bank reviews $1.8-billion loan By Ernest Scheyder Sept 19 (Reuters) - Perpetua Resources PPTA.O said on Frida...Reuters
2 hours ago
US lawmakers plan to introduce bipartisan bill to kill coffee tariffs, Washington Post reports
Sept 19 (Reuters) - U.S. lawmakers Don Bacon and Ro Khanna plan to introduce bipartisan legislation that would exempt coffee products from any tariff imposed after Jan. 19, 2025, the Washington Post reported on Friday citing a copy of the draft legislation.That exemption would apply to roasted and d...Reuters
2 hours ago
Louis Dreyfus says paid $483 million for Hungary, Poland assets acquired from Bunge
Sept 19 (Reuters) - Louis Dreyfus Co BV [RIC:RIC:AKIRAU.UL] said in its first-half results report:LOUIS DREYFUS COMPANY: PRELIMINARY PRICE FOR HUNGARY, POLAND ASSETS ACQUIRED FROM BUNGE IS $483 MILLIONSource text: [ID:]Further company coverage: AKIRAU.ULReuters
2 hours ago
Louis Dreyfus reports lower first-half profit
Sept 19 (Reuters) - Louis Dreyfus Co BV [RIC:RIC:AKIRAU.UL]:COMMODITY TRADER LOUIS DREYFUS COMPANY: FIRST-HALF NET SALES US$26.2 BILLION VERSUS US$25.6 BILLION YEAR EARLIERCOMMODITY TRADER LOUIS DREYFUS COMPANY: FIRST-HALF EBITDA US$987 MILLION VERSUS US$1.057 BILLION YEAR EARLIERLOUIS DREYFUS COMPA...Reuters
3 hours ago
Silver Price Forecast: XAG/USD advances to near $42.40 on Fed’s dovish policy outlook
Silver price (XAG/USD) extends its Thursday’s upside move to near $42.40 during the European trading session on Friday. The white metal strengthens as the Federal Reserve (Fed) has started the monetary-easing campaign amid growing United States (US) labor market concerns.Fxstreet
3 hours ago
TABLE-North Sea gas maintenance schedule: Adds Aldbrough outage
Sept 19 (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
PRECIOUS-Gold flat as investors await more Fed cues after heavy cenbank week
Gold hit record high of $3,707.40/oz on WednesdaySpot gold may fall into $3,596 to $3,617 range - technicalsPalladium on track for a weekly dipBy Brijesh Patel Sept 19 (Reuters) - Gold prices were flat on Friday as markets awaited more cues on the U.S. policy path after the Federal Reserve...Reuters
4 hours ago
