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HSBC lowers Brent price forecasts on trade tensions, sluggish oil demand
April 15 (Reuters) - HSBC revised down its Brent crude price forecast on Tuesday, citing rising trade tensions and an expected reduction in global oil demand.The bank cut its Brent price forecast to $68.5 per barrel for 2025 and $65 per barrel for 2026.It also trimmed its global demand growth to 0.7...Reuters
Tue, Apr 15
CORRECTED-India's government, sugar industry face off over jute bags
India law sets quota for jute bags for sugar packagingIndustry challenges the law, flagging risks Indian government says protecting jute industry is keyBy Aditya Kalra NEW DELHI, April 15 (Reuters) - In India, the world's largest consumer of sugar, the federal government and producers have lo...Reuters
Tue, Apr 15
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
Tue, Apr 15
OPEC lowers its demand forecast only slightly – Commerzbank
OPEC revised its forecast for global oil demand slightly downwards in its monthly report published yesterday due to the expected impact of US tariffs. It now expects an increase of 1.3 million barrels per day for both this year and next.Fxstreet
Tue, Apr 15
Russia declines to say if it would accept Iran's enriched uranium as part of a US-Iranian deal
MOSCOW, April 15 (Reuters) - The Kremlin on Tuesday declined to comment when asked if Russia was ready to take control of Iran's stocks of enriched uranium as part of a possible future nuclear deal between Iran and the United States.The Guardian reported that Tehran was expected to reject a U.S....Reuters
Tue, Apr 15
Brent forward curve flattened significantly over the first 12 months – Commerzbank
In the wake of the sharp fall in oil prices, the time spreads, i.e. the price differentials along the forward curves, also narrowed significantly last week, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Tue, Apr 15
New north-south German power line expected in mid-2027
FRANKFURT, April 15 (Reuters) - Germany's grid regulator has approved the A-Nord power link, its head said on Tuesday, meaning it should go into operation in the middle of 2027 as part of an infrastructure upgrade to transmit wind energy from the north to the south of the country.Klaus Mueller, ...Reuters
Tue, Apr 15
Gold continues to enjoy a tailwind – Commerzbank
The exemption of some electronics products from the reciprocal US tariffs has provided some relief on the stock market, although expectations were quickly dampened again by the threat that the products would soon be subject to sectoral tariffs, Commerzbank's commodity analyst Thu Lan Nguyen notes.
Fxstreet
Tue, Apr 15
Philippine coast guard vessel 'dangerously' approaches Chinese ship, Xinhua says
BEIJING, April 15 (Reuters) - A Philippine coast guard vessel "dangerously" approached a Chinese coast guard vessel near Scarborough Shoal in the South China Sea on Monday, China's state-run Xinhua news agency reported on Tuesday. The Philippine ship left after the Chinese coast guard...Reuters
Tue, Apr 15
Kremlin declines comment on Russia's readiness to take Iran's uranium as part of any US nuclear deal
MOSCOW, April 15 (Reuters) - The Kremlin on Tuesday declined to comment when asked if Russia was ready to take Iran's stocks of enriched uranium as part of a possible future nuclear deal with the United States.The Guardian reported earlier on Tuesday that Tehran is expected to reject a U.S. prop...Reuters
Tue, Apr 15
New north-south German power line seen in mid-2027
FRANKFURT, April 15 (Reuters) - Germany's energy grid regulator said that a new 300 kilometre power transmission line is expected to go into operation in mid-2027, having received approval on Tuesday as the authority seeks to support the transportation of low-carbon electricity to consumers."...Reuters
Tue, Apr 15
Indonesia to propose lifting U.S. oil, LPG imports by around $10 billion
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
Tue, Apr 15
TotalEnergies flags higher production, gas sales ahead of Q1 results
Hydrocarbon production up 4% vs a year agoEuropean refining margins down 59% vs a year agoPower results $450-$500 million in first quarterWorking capital to increase by $4-$5 billionBy Alban Kacher and America Hernandez April 15 (Reuters) - TotalEnergies TTEF.PA boosted production and benefit...Reuters
Tue, Apr 15
Russia accuses Ukraine of violating U.S.-brokered energy strikes pause six times in past 24 hours
MOSCOW, April 15 (Reuters) - Russia's Defence Ministry on Tuesday accused Ukraine of carrying out six strikes against Russian energy infrastructure in the last 24 hours in violation of a U.S.-brokered moratorium on such attacks.Reuters could not verify the battlefield reports.Russia and Ukraine ...Reuters
Tue, Apr 15
Trump trade war dries up sorghum sales to China but US farmers plan to plant more
US sorghum exports to China drop 95% in early 2025US sorghum plantings to rise 4% in 2025 to a two-year highFarmers face lower prices, high inventories due to trade warSome farmers switch to corn; others hope for aid or new marketsBy Tom Polansek CHICAGO, April 15 (Reuters) - U.S. President Donal...Reuters
Tue, Apr 15
Microsoft signs large carbon removal deal backing AtmosClear's Louisiana project
Microsoft aims to be carbon negative by 2030AtmosClear project uses bioenergy carbon capture and storageFuture of US carbon removal incentives uncertain under Trump administrationBy Valerie Volcovici WASHINGTON, April 15 (Reuters) - Microsoft MSFT.O said on Tuesday it signed a contract for a proj...Reuters
Tue, Apr 15
OPEC lowers demand estimates – ING
Oil prices rose marginally higher yesterday despite OPEC trimming demand estimates. ICE Brent settled just below US$65/bbl. The market is digesting fast-moving policy developments on the tariff front, while balancing them with nuclear talks between the US and Iran.Fxstreet
Tue, Apr 15
Pakistan mulls US oil imports to ease trade imbalance, sources say
Pakistan mulling U.S. crude purchases to address tariffs Pakistan faces 29% tariffs under Trump policiesCrude purchase would reduce trade imbalance with U.S.By Ariba Shahid KARACHI, April 15 (Reuters) - Pakistan is considering importing crude oil from the United States for the first time to offse...Reuters
Tue, Apr 15
South Korean officials considering Alaska trip for gas project talks
SEOUL, April 15 (Reuters) - South Korean industry ministry officials are considering travelling soon to Alaska as part of working-level negotiations between the United States and South Korea over Alaska's gas project, the ministry said on Tuesday. If South Korea is able to win concessions from W...Reuters
Tue, Apr 15