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Iraq nears deal to restart pipeline oil exports from Kurdistan to Turkey, sources say
Iraq gives preliminary nod to resume pipeline exports, sources sayDeal could add 230,000 barrels per day of fresh oil suppliesKirkuk-Ceyhan pipeline has been shut since March 2023 By Nerijus Adomaitis and Ahmed Rasheed BAGHDAD, Sept 19 (Reuters) - Iraq, OPEC's second-largest producer, has giv...Reuters
6 minutes ago
Gold steadies on Fed outlook, US Dollar strength caps gains
Gold (XAU/USD) steadies on Friday, snapping a two-day losing streak after a volatile midweek reaction to the Federal Reserve’s (Fed) interest rate decision. At the time of writing, XAU/USD is trading around $3,650 at the start of the American session.
Fxstreet
19 minutes ago
PRECIOUS-Gold heads for fifth weekly gain with focus on US policy path after Fed action
Gold well positioned for a significant gain, analyst saysGold hit record high of $3,707.40/oz on WednesdayIndia premiums hit 10-month highBy Anmol Choubey Sept 19 (Reuters) - Gold prices edged higher on Friday, set for a fifth straight weekly gain, buoyed by the Federal Reserve's first rate c...Reuters
29 minutes ago
Angola to decide on $1 bln JPMorgan deal by November, says finance official
By Karin Strohecker and Libby GeorgeLONDON, Sept 19 (Reuters) - Angola will decide by November whether to roll over its $1 billion total return swap from JPMorgan, or potentially raise the money on international capital markets, a senior debt official told Reuters. JPMorgan and Angola agreed in Dece...Reuters
52 minutes ago
GRAINS-Chicago corn and soybeans steady after fall with Trump-Xi call in focus
PARIS/BEIJING, Sept 19 (Reuters) - Chicago soybean and corn futures edged up on Friday, steadying after a two-day drop as traders awaited a call between U.S. President Donald Trump and Chinese counterpart Xi Jinping to gauge progress towards resolving a trade standoff.Wheat was almost unchanged as i...Reuters
56 minutes ago
SOFTS-Arabica coffee prices extend fall while raw sugar rises
LONDON, Sept 19 (Reuters) - Arabica coffee futures on ICE fell on Friday and were set for a steep weekly loss, with forecasts for rain in parts of Brazil's coffee belt improving the outlook for the key flowering period in the world's top producer.COFFEE* Arabica coffee KCc2 fell 1.8% to $3.5...Reuters
57 minutes ago
Under pressure from Trump, EU plans to bring forward Russian LNG imports ban
By Lili Bayer, John Irish and Julia Payne BRUSSELS, Sept 19 (Reuters) - The European Union plans to ban Russian LNG imports into the bloc a year earlier than envisaged as part of a 19th package of sanctions against Moscow, EU sources said on Friday, a change apparently prompted by pressure from U...Reuters
an hour ago
Gold price weaker after Fed meeting – Commerzbank
The Gold price came under pressure with some delay after the Fed meeting. A brief rise to a new record high of more than $3,700 per troy ounce was followed by a decline of around $70 by Thursday morning, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
an hour ago
Oil: Warning of cuts in Russian Oil production – Commerzbank
The Russian pipeline monopoly has warned that Russian Oil production might have to be reduced due to Ukrainian drone attacks. This was reported by three industry sources. In addition to several refineries, Russia's largest Oil port on the Baltic Sea had recently been targeted in an attack.
Fxstreet
an hour ago
Serbia's NIS oil company seeks seventh waiver of US sanctions
Sept 19 (Reuters) - Serbia's Russian-owned oil company NIS NISS.BEL has requested a seventh waiver to postpone U.S. sanctions that would put at risk its crude oil supply and is seeking its removal from Washington's sanctions list, the company said on Friday.The previous waiver, granted last ...Reuters
an hour ago
Gold Price Forecast: XAU/USD finds support at $3,630 as US Dollar recovery stalls
Gold found buyers at the $3,630 level to bounce up on Friday following a two-day reversal from all-time highs at $3,700 on Wednesday. The precious metal attracted some bids with the US Dollar recovery losing steam, and returned to levels past $3,650.Fxstreet
an hour ago
BREAKINGVIEWS-Gas makes Trump’s Russia oil threats ring hollow
By Yawen Chen LONDON, Sept 19 (Reuters Breakingviews) - Donald Trump is once again picking fights with allies, as much as adversaries. The U.S. president wants the G7, NATO and the European Union to slap tariffs of up to 100% on all Chinese and Indian goods in retaliation for their purchases of R...Reuters
an hour ago
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
an hour 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
3 hours ago
