News
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Oil subdued as markets assess effects of trade war
By Yuka Obayashi TOKYO, April 16 (Reuters) - Oil prices were flat early on Wednesday, as shifting U.S. trade policies fuelled uncertainty while markets assessed the potential impact of the U.S.-China trade war on economic growth and energy demand. Brent crude futures LCOc1 rose 5 cents, or...Reuters
Wed, Apr 16
Indonesia to propose $10 billion US energy imports increase in tariff talks
JAKARTA, April 15 (Reuters) - Indonesia will propose increasing its imports of crude oil and liquefied petroleum gas from the United States by around $10 billion as part of its tariff negotiations, energy minister Bahlil Lahadalia told local media on Tuesday.Indonesian officials are set to leave for...Reuters
Wed, Apr 16
US fuel exports to Mexico by land halted by higher scrutiny, sources say
By Shariq Khan NEW YORK, April 15 (Reuters) - The Mexican government has halted U.S. fuel imports sent into the country by road, as it cracks down on illegal deals, three sources familiar with the matter said on Tuesday.Trucks carrying gasoline and diesel to Mexico from the U.S. Gulf Coast refini...Reuters
Wed, Apr 16
Algeria's Sonatrach, Occidental Petroleum sign MOUs on hydrocarbon cooperation
CAIRO, April 16 (Reuters) - Algerian energy firm Sonatrach signed two memorandums of understanding (MOU) with U.S. shale company Occidental Petroleum OXY.N to expand cooperation in hydrocarbon exploration and production in Algeria, Sonatrach said in a statement. The MOUs were signed on Monday on the...Reuters
Wed, Apr 16
RPT-COLUMN-Copper market caught between Trump's twin tariff threats: Andy Home
By Andy HomeLONDON, April 15 (Reuters) - U.S. President Donald Trump's tariffs blitz has left Doctor Copper battered and bruised. Last week's copper chaos was of course just a small part of the global turmoil as markets gyrated to the frenetic beat of Trump's changeable tariffs policy. B...Reuters
Wed, Apr 16
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, April 16 (Reuters) - Contract Target Support/Resistance Brent oil -sup $63.79/$63.10/$61.98res $65.81/$66.71/$67.83Palm oil (3rd month)4,072/4,119 ringgitsup 4,026/3,968 ringgitWTI* -sup $60.71/$59.97/$58.77res $61.91/$62.88/$63.85Spot gold$3,255/...Reuters
Tue, Apr 15
Rio Tinto's first-quarter iron ore shipments fall 9%
April 16 (Reuters) - Rio Tinto RIO.AX, RIO.L reported a 9% drop in first-quarter iron ore shipments on Wednesday as tropical cyclones that hit Australia's west coast disrupted its shipments.The world's largest iron ore producer shipped 70.7 million metric tonnes (Mt) of the steel-making comm...Reuters
Tue, Apr 15
LIVESTOCK-CME cattle futures higher on stabilizing stock market
By Heather Schlitz CHICAGO, April 15 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures ended higher on Tuesday as relatively firm boxed beef prices and recovering equities markets provided support to prices, analysts said.CME June live cattle futures LCM25 settled up 0.725 ce...Reuters
Tue, Apr 15
CANADA-CRUDE-Western Canada Select heavy crude discount widens
April 15 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 widened on Tuesday.WCS for May delivery in Hardisty, Alberta, settled at $9.30 a barrel under WTI, according to brokerage CalRock, after having sett...Reuters
Tue, Apr 15
US Cash Crude-Grades mixed as crude stocks rise, fuel inventories fall, API says
April 15 (Reuters) - Grades pulled in different directions on Tuesday, dealers said, after crude stocks rose but fuel inventories slipped. Mars Sour WTC-MRS rose 20 cents to a midpoint of a $1.50 premium to U.S. crude futures CLc1, its highest since March 13, according to data from LSEG. Crude stoc...Reuters
Tue, Apr 15
CIF/FOB Gulf Grain-Corn barge basis steady to higher on export news
CHICAGO, April 15 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals were steady to higher on Tuesday, after a spate of corn export news and as river shipping hurdles have continued to have barges back up, traders said.* Meanwhile, basis bids for soybeans delivered by ba...Reuters
Tue, Apr 15
COLUMN-Reality Check: Will adding fringe US corn acres drag down yield? - Braun
By Karen BraunNAPERVILLE, Illinois, April 15 (Reuters) - U.S. corn farmers this year are set to plant one of their biggest areas in history as the crop’s profitability potential is unusually strong versus alternative crops.Both high-yielding and low-yielding states are set to boost corn acres this y...Reuters
Tue, Apr 15
Deep-sea mining firm Impossible Metals seeks mining lease near American Samoa
Impossible Metals requests U.S. auction for American Samoa mineral depositsBureau of Ocean Energy Management to decide on lease sale initiation by May 23Deep-sea mining could reduce land mining but raises ecological concernsBy Ernest Scheyder April 15 (Reuters) - Deep-sea mining firm Impossib...Reuters
Tue, Apr 15
US oil production to peak by 2027 as shale boom fades, EIA forecasts
Forecast shows US shale oil boom fading after 20 yearsUS oil output to peak at 14 million bpd in 2027, EIA saysProduction to fall rapidly from 2030 through 2050US oil demand to cap post-pandemic gains next yearUS oil demand will not surpass 2019 levels or 2005 recordBy Shariq Khan NEW YORK, April...Reuters
Tue, Apr 15
Mexico confident it can renew tomato agreement with US
MEXICO CITY, April 15 (Reuters) - The Mexican government said on Tuesday it hopes to begin talks with the United States to renew a bilateral agreement on Mexican tomato exports from which Washington has said it intends to withdraw.The pullout by the U.S. entails duties of nearly 20.91% on most Mexic...Reuters
Tue, Apr 15
ICE canola futures return to rising trend
WINNIPEG, Manitoba, April 15 (Reuters) - ICE canola futures returned to gaining ways Tuesday, joining soyoil and European rapeseed in a vegoils rise, despite palm weakness.• July canola RSN5 settled up $7.80 at $676.50 per metric ton. November RSX5 rose only 30 cents, to $649, leaving it at a heavy ...Reuters
Tue, Apr 15
Exxon consortium to begin installation of floating oil facility in Guyana
GEORGETOWN, April 15 (Reuters) - A consortium led by U.S. oil major Exxon Mobil XOM.N is about to begin installing its fourth floating oil production facility in Guyana, the South American country's maritime regulator said in a notice on Tuesday.The floating production storage and offloading (FP...Reuters
Tue, Apr 15
Med crude-Urals diffs unchanged in quiet trade, May loading dates awaited
MOSCOW, April 15 (Reuters) - Urals crude oil differentials remained stable on Tuesday amid low trading activity, while traders waited for loading dates for the grade in May.Urals oil loadings next month are expected to remain rather thin as refinery maintenance plan doesn't show a rise in idle c...Reuters
Tue, Apr 15
US Plains HRW Wheat-Basis bids steady, farmers wait for rain
CHICAGO, April 15 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were flat on Tuesday in the southern U.S. Plains, dealers said.* Farmers are hoping for rain to ease dryness in the region, and showers are expected over the weekend. It's unclear how beneficial they will be yet after ...Reuters
Tue, Apr 15
Venture Global LNG starts commercial operations at Calcasieu Pass plant
Venture Global begins commercial operations at Calcasieu Pass plantFirst vessel loading LNG as plant starts commercial operationsStock price not impacted by startup of commercial operationsBy Curtis Williams HOUSTON, April 15 (Reuters) - Venture Global LNG VG.N has begun commercial operations at ...Reuters
Tue, Apr 15
CBOT corn loses steam amid lacking demand
CHICAGO, April 15 (Reuters) - Chicago Board of Trade corn futures ticked lower on Tuesday on lackluster demand, though an export sale of U.S. corn to Portugal on Tuesday morning helped lend support to prices. CBOT May corn CK25 settled down 3-3/4 cents to $4.81-1/4 per bushel.July corn CN25 ended do...Reuters
Tue, Apr 15
GRAINS-Soybeans slip from highs on weak export demand, trade tensions
Soy pulls back from recent high on weak export demandCorn rally peters out on unimpressive demandWheat falls on predictions of rain relief in the U.S. PlainsBy Heather Schlitz CHICAGO, April 15 (Reuters) - Chicago soybean futures fell on Tuesday, a day after hitting a seven-week high, under press...Reuters
Tue, Apr 15
CBOT wheat falters on rain relief in US Plains
CHICAGO, April 15 (Reuters) - Chicago Board of Trade wheat futures edged lower for a second day after weather forecasts predicted wetter growing conditions in the U.S. wheat belt, while tensions with major trading partners continued to weigh heavily on the market.CBOT May soft red winter wheat WK25 ...Reuters
Tue, Apr 15
Oil prices steady as market considers latest US tariff changes
IEA slashes oil demand forecast for this year and nextTrade tariff uncertainty causes banks to cut oil price forecastsChina's exports rose sharply in March ahead of US tariffs By Scott DiSavino NEW YORK, April 15 (Reuters) - Oil prices were little changed on Tuesday as investors digested the ...Reuters
Tue, Apr 15