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EU wheat stuck at lows as Russian supply weighs
PARIS/HAMBURG, Sept 10 (Reuters) - Euronext wheat futures were little changed on Wednesday, holding around contract lows as more signs of growing supply and falling prices in top exporter Russia kept the market under pressure.December milling wheat BL2Z5 on Euronext settled unchanged on the day at 1...Reuters
2 minutes ago
Europe Gasoline/Naphtha-Gasoline profit margins dip
LONDON, Sept 10 (Reuters) - Northwest European gasoline profit margins fell $1.88 a barrel to $18.28 on Wednesday, aided by higher inventories of the motor fuel. A total of 10,000 metric tons of Eurobob E5 barges traded with Gunvor and TotalEnergies selling to Shell, Aramco and MB Energy.An addition...Reuters
6 minutes ago
Gold climbs to $3,646 as soft US PPI and geopolitical risks lift safe-haven demand
Gold price surges on Wednesday, up by over 0.60%, folllowing US inflation data, which increased speculation that the Federal Reserve (Fed) will resume its easing cycle at the upcoming September meeting. At the time of writing, XAU/USD trades at $3,646, shy of the record high of $3,674.
Fxstreet
9 minutes ago
Brazil links last unconnected state to its national electric grid
By Leticia Fucuchima and Lisandra ParaguassuSAO PAULO, Sept 10 (Reuters) - Brazil connected the northernmost state of Roraima to its national electric grid, President Luiz Inacio Lula da Silva said on Wednesday, as he called for greater energy integration in South America.The connection of Roraima, ...Reuters
13 minutes ago
US court inclined to deny Gold Reserve's move to disqualify Elliott bid for Citgo parent
HOUSTON, Sept 10 (Reuters) - A Delaware court is inclined to deny a motion recently introduced by miner Gold Reserve GRZ.V to disqualify a rival bid from an affiliate of hedge fund Elliott Investment Management for the parent of Citgo Petroleum, Judge Leonard Stark said in a filing on Wednesday.The ...Reuters
22 minutes ago
EXCLUSIVE-US warns hidden radios may be embedded in solar-powered highway infrastructure
US officials voice concern about foreign technology in transportation infrastructureAdvisory says undocumented radios were found in foreign-made inverters and batteriesAdvisory comes amid escalating US warnings about Chinese technologyBy Jana Winter and Raphael Satter WASHINGTON, Sept 10 (Reuters...Reuters
31 minutes ago
Southwest Power Pool Announces Completion of Backlog of Requests in SPP GI
Sept 10 (Reuters) - SOUTHWEST POWER POOL:ANNOUNCES COMPLETION OF ITS PLAN TO CLEAR THE BACKLOG OF REQUESTS IN THE SPP GENERATOR INTERCONNECTION (GI) QUEUESAYS THIS MILESTONE ALLOWS CO TO TRANSITION TOWARD IMPLEMENTATION OF ITS CONSOLIDATED PLANNING PROCESS (CPP)SAYS UPON APPROVAL OF THE CPP BY THE F...Reuters
41 minutes ago
METALS-Copper hits 1-week high above $10,000 after US producer price data
By Pratima Desai LONDON, Sept 10 (Reuters) - Copper prices hit one-week highs above $10,000 a metric ton on Wednesday as the dollar slipped after U.S. producer prices fell in August, reinforcing expectations the Federal Reserve will cut interest rates next week.Benchmark copper CMCU3 on the Londo...Reuters
57 minutes ago
Barrick executive switches sides to advise Mali president in gold dispute
By Portia Crowe and Divya Rajagopal DAKAR/TORONTO, Sept 10 (Reuters) - A senior Barrick Mining ABX.TO executive who had been representing the company in tense negotiations with Mali's government has switched sides to become an adviser to Mali's president, a mines ministry official told Re...Reuters
an hour ago
Chevron bids in tender for gas exploration offshore Greece
By Angeliki Koutantou and Lefteris Papadimas ATHENS, Sept 10 (Reuters) - U.S. oil major Chevron CVX.N has submitted a bid to explore for natural gas in four blocks offshore Greece in a consortium with Greece's Hellenic Energy HEPr.AT, Greece's Energy Minister Stavros Papastavrou said on W...Reuters
an hour ago
BlackRock-led group in talks to raise around $10.3 billion for Aramco deal, sources say
By Hadeel Al Sayegh, Federico Maccioni and Yousef Saba DUBAI, Sept 10 (Reuters) - A group of investors led by BlackRock's Global Infrastructure Partners is in talks with lenders to secure up to $10.3 billion in financing for Aramco's Jafurah infrastructure deal, two sources with direct kn...Reuters
2 hours ago
CORRECTED-GASTECH-US energy firm Argent LNG signs market MoU with Turkey's EPIAS
By Timour AzhariBEIRUT, Sept 9 (Reuters) - U.S.-based energy firm Argent LNG has signed a market participation agreement with Turkish energy bourse Enerji Piyasalari Isletme AS (EPIAS), a move which the firm says is aimed at moving U.S. gas into Europe.Argent LNG, which is developing a liquefied nat...Reuters
2 hours ago
Oil prices up $1 after Israeli attacks, but oversupply caps gains
US crude, fuel stocks rose last week, EIA saysIsraeli strike on Hamas leadership in Qatar supports pricesTrump asks EU to put tariffs on China, India to pressure RussiaLonger-term outlook still for oversupply as OPEC+ ups productionBy Arathy Somasekhar HOUSTON, Sept 10 (Reuters) - Oil prices rose...Reuters
2 hours ago
EU is unlikely to hike tariffs on India, China at Trump's request
BRUSSELS, Sept 10 (Reuters) - The European Union is very unlikely to impose crippling tariffs on India or China, the main buyers of Russian oil, as U.S. President Donald Trump has urged the bloc to do, EU sources said.An EU delegation, including the EU's Russia sanctions chief, flew to Washingto...Reuters
2 hours ago
PRECIOUS-Gold near record highs as softer inflation data fuels Fed cut bets
US producer prices slip in AugustGold hit record high of $3,673.95/oz on Tuesday US CPI data due at 8:30 ET on ThursdayBy Sherin Elizabeth Varghese Sept 10 (Reuters) - Gold hovered near all-time highs on Wednesday, supported by expectations that the Federal Reserve will resume rate cuts at next w...Reuters
2 hours ago
GASTECH-Edison aims to replace some pipeline gas with flexible LNG supply
By Francesca Landini and Giancarlo Navach MILAN, Sept 10 (Reuters) - Italian gas and electric utility Edison EDNn.MI plans to replace some gas volumes from pipeline contracts with liquefied natural gas to gain more flexibility in managing demand, its CEO said on Wednesday.The company earlier anno...Reuters
2 hours ago
EXCLUSIVE-US biofuel plan would reallocate half or less of waived blending quotas, sources say
White House reviewing EPA plan for large refiners to cover 50% or less of waived biofuel gallonsProposal likely to draw fire from farm-state lawmakers and support from oil industryProposal may lower renewable fuel credit pricesEPA aims to stabilize RINs market while easing compliance costs for refin...Reuters
2 hours ago
Botswana launches new wealth fund to drive diversification and create jobs
GABORONE, Sept 10 (Reuters) - Botswana has set up a new sovereign wealth fund to drive economic diversification, create jobs and manage state companies, officials said on Wednesday.The Southern African country, long viewed as an African economic success story, is in a slump because of a prolonged do...Reuters
2 hours ago
