News
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China's March copper imports fall as higher US prices attract more shipments
SHANGHAI, April 14 (Reuters) - China's imports of unwrought copper and copper products in March declined 1.4% from a year earlier to 467,000 metric tons, data from the General Administration of Customs showed on Monday.For the first three months in 2025, copper imports were down 5.2% at 1.37 mil...Reuters
Mon, Apr 14
PRESS DIGEST-British Business - April 14
April 13 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Providence Equity Partners, an American private equity firm advised by Lord Coe, has fallen short of its investm...Reuters
Mon, Apr 14
WTI trades with negative bias just above mid-$60.00s amid mixed fundamental cues
West Texas Intermediate (WTI) US Crude Oil prices struggle to capitalize on Friday's modest gains and attract fresh sellers near the $61.60 area at the start of a new week. The commodity currently trades around the $60.70-$60.65 region, down over 0.50% for the day, though it lacks follow-through...
Fxstreet
Mon, Apr 14
Goldman Sachs expects oil prices to decline through 2026
April 14 (Reuters) - Goldman Sachs expects oil prices to decline through the end of this year and next year because of the rising risk of a recession and higher supply from the OPEC+ group.The bank expects Brent and WTI oil prices to edge down, averaging $63 and $59 a barrel, respectively...
Reuters
Mon, Apr 14
Motiva Port Arthur, Texas Refinery Reports Maintenance Activity
April 13 (Reuters) - MOTIVA ENTERPRISES MOTIV.UL:REPORTS MOTIVA PORT ARTHUR WILL BEGIN MAINTENANCE ACTIVITY 3/20/25 1300 RESULTING IN INCREASED ACTIVITY AND FLARING NOT TYPICAL OF NORMAL OPERATIONSSOURCE: COMMUNITY ALERTREFINERY CAPACITY: 626,000 BARRELS PER DAYReuters
Mon, Apr 14
PRESS DIGEST- Financial Times - April 14
April 14 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- UK suspends import tariffs to ease strain for British businesses- UK races to secure coal to keep British Steel furnaces operating- N...Reuters
Mon, Apr 14
Motiva Port Arthur, Texas Refinery Reports Process Upset
April 13 (Reuters) - MOTIVA ENTERPRISES MOTIV.UL:REPORTS ON APRIL 12,2025, AT APPROXIMATELY 19:28 HOURS, THE PORT ARTHUR MANUFACTURING COMPLEX (PAMC) EXPERIENCED A PROCESS UPSET AT ITS MOTIVA REFINERY REPORTS LOSS OF BOILER FEEDWATER PUMP AT THE FLUID CATALYTIC CRACKING UNIT (FCCU), RESULTING IN PRO...Reuters
Mon, Apr 14
GRAINS-Dollar-driven rally in corn, wheat and soybean pauses
CANBERRA, April 14 (Reuters) - Chicago wheat, corn and soybean futures lost some ground on Monday after rapid gains last week, as a fast-weakening dollar made U.S. farm goods more competitive on the global market.FUNDAMENTALS* The most-active corn contract on the Chicago Board of Trade (CBOT) Cv1 wa...Reuters
Mon, Apr 14
Indian shrimp industry sails in troubled waters after Trump tariffs
Trump's tariffs could hit India shrimp industry, help EcuadorEven lower tariff rate of 10% spooks Indian exporters Stressed Indian shrimp farmers complain of lower pricesWalmart says it expects to retain ties to suppliers By Sahiba Chawdhary, Rishika Sadam, Yury Garcia and Aditya Kalra GANAPA...Reuters
Mon, Apr 14
Goldman Sachs Expects Brent/WTI Oil Prices To Average $63/59 In The Remainder Of 2025
April 14 (Reuters) - GOLDMAN SACHS:EXPECT GLOBAL OIL DEMAND TO EDGE UP BY ONLY 0.3MB/D IN 2025 (ON A Q4-Q4 BASIS)EXPECTS LARGE SURPLUSES IN 2025 (0.8MB/D) AND 2026 (1.4MB/D) TO FURTHER WEIGH ON OIL PRICESEXPECTS BRENT/WTI OIL PRICES TO EDGE DOWN AND AVERAGE $63/59 IN THE REMAINDER OF 2025 AND $58/55...Reuters
Mon, Apr 14
Oil prices flat as US-China trade war weighs on global growth outlook
By Katya Golubkova TOKYO, April 14 (Reuters) - Oil prices were flat in early trade on Monday on concerns the escalating trade war between the United States and China would weaken global economic growth and dent fuel demand. Brent crude futures LCOc1 were up 4 cents, or 0.06%, at $64.80 a barrel...Reuters
Mon, Apr 14
COLUMN-Patient corn bulls emerge victorious post tariff onslaught: Braun
By Karen Braun NAPERVILLE, Illinois, April 13 (Reuters) - After building immensely bullish bets, speculators in late February rode out Chicago corn’s worst downturn in over a year as the United States prepared to upend global trade.Most of those long positions were dumped during March as economic...Reuters
Sun, Apr 13
USTR says tariffs on electronic likely after investigation
WASHINGTON, April 13 (Reuters) - U.S. Trade Representative Jamieson Greer said on Sunday the electronics that were exempted from President Donald Trump's reciprocal tariffs will still be subject to tariffs, just under a different category.Those products were moved from reciprocal tariffs to the ...Reuters
Sun, Apr 13
US Commerce Secretary says exempted electronic products to come under separate tariffs
WASHINGTON, April 13 (Reuters) - U.S. Commerce Secretary Howard Lutnick said on Sunday in an interview with ABC's "This Week" that smartphones, computers and some other electronics will come under separate tariffs, along with semiconductors that may be imposed in a month or so. U.S....Reuters
Sun, Apr 13
REFILE-Looser food standards off the menu in any US-UK trade deal, UK says
By David Milliken LONDON, April 13 (Reuters) - Britain will not relax its food safety standards as part of any deal to secure lower tariffs on its exports to the United States, business minister Jonathan Reynolds said on Sunday.U.S. President Donald Trump has imposed 10% tariffs on most imports o...Reuters
Sun, Apr 13
China no longer welcome in UK steel sector, minister says
UK business secretary says steel too sensitive for Chinese firmsUK passed emergency law control of Chinese-owned British SteelBritish Steel operates UK's last blast furnacesRoom for Chinese investment in autos, life science, agricultural productsBy David Milliken LONDON, April 13 (Reuters) - ...Reuters
Sun, Apr 13
Saudi Arabia, US on 'pathway' to civil nuclear agreement, US Energy Secretary says
By Pesha Magid RIYADH, April 13 (Reuters) - The United States and Saudi Arabia will sign a preliminary agreement to cooperate over the kingdom's ambitions to develop a civil nuclear industry, U.S. Energy Secretary Chris Wright told reporters in the Saudi capital Riyadh on Sunday.Wright, who h...Reuters
Sun, Apr 13
US and Saudi Arabia to sign agreement on energy investments and civilian nuclear technology, US energy secretary says
RIYADH, April 13 (Reuters) - The United States and Saudi Arabia will sign a preliminary agreement on energy cooperation and civilian nuclear technology, US Energy Secretary Chris Wright told a press conference in Saudi capital Riyadh on Sunday.Wright said that further details on nuclear cooperation ...Reuters
Sun, Apr 13
Trump says nuclear talks with Iran are going 'OK'
ABOARD AIR FORCE ONE, April 12 (Reuters) - U.S. President Donald Trump said on Saturday that talks with Iran over its nuclear program were going 'OK.'"I think they're going OK," Trump told reporters aboard Air Force One. "Nothing matters until you get it done, so I don't ...Reuters
Sun, Apr 13
South Bow plans to restart Keystone at reduced rates by Tuesday
By Devika Madhusudhanan NairApril 12 (Reuters) - South Bow plans to restart the Keystone pipeline by Tuesday, April 15, the company said on Saturday, after it shut the key conduit for the flow of Canadian oil to the U.S. due to an oil spill in North Dakota.South Bow still needs written approval from...Reuters
Sat, Apr 12
Senior Russian diplomat calls US-Iranian nuclear talks 'encouraging'
April 12 (Reuters) - A senior Russian diplomat on Saturday described as "encouraging" the outcome of U.S.-Iranian talks on Tehran's nuclear programme."At the end of today's meeting in Oman, both the Iranians and the Americans called the talks that took place positive and construc...Reuters
Sat, Apr 12
South Bow Says Keystone Pipeline Targeting Restart By Tuesday April 15
April 12 (Reuters) - SOUTH BOW: WILL INSTITUTE CERTAIN OPERATING PRESSURE RESTRICTIONS ON THE CANADIAN SECTIONS OF KEYSTONE, AS AGREED TO WITH THE CANADA ENERGY REGULATORSOUTH BOW: KEYSTONE PIPELINE TARGETING RESTART BY TUESDAY APRIL 15Source: https://tinyurl.com/y4mdxfuvReuters
Sat, Apr 12
Keystone operator given corrective action order after North Dakota oil spill
By Devika Madhusudhanan Nair April 12 (Reuters) - U.S. regulators say there could be structural issues with the Keystone Pipeline and have issued a corrective action order to its operator, South Bow Corp SOBO.TO, after an oil spill in North Dakota shut the key conduit for the flow of Canadian oil...Reuters
Sat, Apr 12
Trump plans to stockpile deep-sea metals to counter China, FT reports
April 12 (Reuters) - The Trump administration is drafting an executive order to enable the stockpiling of deep-sea metals to counter China's dominance in battery minerals and rare earth supply chains, the Financial Times reported on Saturday, citing people familiar with the matter.Under the plan...Reuters
Sat, Apr 12