News
Important Only
APA curtails US natgas and NGL production in first quarter on weak prices
April 9 (Reuters) - Oil and gas firm APA APA.O said on Wednesday it curtailed about 8 million cubic feet per day of U.S. natural gas production and 500 barrels per day of U.S. natural gas liquids production in the first quarter in response to weak prices.In January, APA said it reduced production by...Reuters
Wed, Apr 9
COMMODITIES-Oil hits 4-year low, coffee falls as trade war escalates
Commodities hit by escalating US-China trade warMetals, palm oil prices decline amid recession fearsCopper hits eight-month low, iron ore slides 3% in ChinaRobusta and arabica coffee futures hit four-month lowsBy Naveen Thukral and Susanna Twidale SINGAPORE/LONDON April 9 (Reuters) - Oil prices f...Reuters
Wed, Apr 9
Brent falls below key 2024 support – Societe Generale
Brent crude has extended its decline after breaching key support levels from earlier in 2024. While momentum indicators suggest the move is stretched, signs of a significant rebound remain elusive, Societe Generale's FX analysts report.Fxstreet
Wed, Apr 9
Ancora Announces Suspension Of Campaign Following President Trump’S Initiation Of New CFIUS Review Of U.S. Steel’S Sale To Nippon Steel
April 9 (Reuters) - United States Steel Corp X.N:ANCORA ANNOUNCES SUSPENSION OF CAMPAIGN FOLLOWING PRESIDENT TRUMP’S INITIATION OF NEW CFIUS REVIEW OF U.S. STEEL’S SALE TO NIPPON STEELANCORA: WITHDRAWING NOMINATION OF DIRECTOR CANDIDATES FOR ELECTION AT U.S . STEELS' 2025 ANNUAL MEETING OF STOCK...Reuters
Wed, Apr 9
China's car exports under pressure as Trump tariffs roil overseas markets
U.S. tariffs to hit export market economies, industry group saysIndustry association head warns of possible decline in exportsChina domestic EV sales rise, outselling gasoline cars in March BEIJING, April 9 (Reuters) - China's car exports will likely face greater than forecast pressure this y...Reuters
Wed, Apr 9
APA curtails US natgas and NGL production in first quarter on weak prices
April 9 (Reuters) - Oil and gas firm APA APA.O said on Wednesday it curtailed about 8 million of cubic feet per day (MMcfpd) of U.S. natural gas production and 500 barrels per day of U.S. natural gas liquids production in the first quarter in response to weak prices.Reuters
Wed, Apr 9
Russia says Ukraine violated moratorium on energy infrastructure strikes six times in past day
MOSCOW, April 9 (Reuters) - Russia's defence ministry said in a statement on Wednesday that Ukraine had carried out six attacks on Russian energy infrastructure over the past day, in violation of a U.S.-brokered moratorium on hitting energy infrastructure targets. Ukraine and Russia agreed to...Reuters
Wed, Apr 9
Russia says Ukrainian drones tried to strike TurkStream compressor station
MOSCOW, April 9 (Reuters) - Russia's defence ministry said on Wednesday that Ukraine had attempted to attack a compressor station serving the TurkStream pipeline that sends gas from Russia to Turkey via the Black Sea.In a statement, the ministry said that no damage had been caused and the drones...Reuters
Wed, Apr 9
Silver Price Forecast: XAG/USD rallies above $30 as US Dollar tumbles on US-China tariff war
Silver price (XAG/USD) surges almost 2% to near $30.40 during European trading hours on Wednesday. The white metal strengthens as the US Dollar (USD) tumbles amid fears that the escalating trade war between Washington and Beijing could lead the United States (US) economy into a recession.
Fxstreet
Wed, Apr 9
SOFTS-Coffee and cocoa prices hit multi-month lows
LONDON, April 9 (Reuters) - World coffee and cocoa prices hit fresh multi-month lows on Wednesday as U.S. President Donald Trump's trade tariffs on dozens of countries took effect, including massive 104% duties on Chinese goods. Trump's punishing tariffs have shaken the global trading order,...Reuters
Wed, Apr 9
US attempting deal to re-open Alphamin tin mine in war-hit Congo, sources say
By Sonia Rolley April 9 (Reuters) - The United States is attempting to broker a deal that would ensure re-opening of a major tin mine in war-hit eastern Congo, four sources briefed on the negotiations told Reuters.The fate of Alphamin's Bisie mine was a point of discussion during the recent v...Reuters
Wed, Apr 9
Wave of US soybeans set to reach China's shores despite tariffs
Trade war set to disrupt global agricultural commodity flowsState stockpiler Sinograin is key buyer of U.S. beansBrazil expected to supply most of China's soybean demandBy Naveen Thukral SINGAPORE, April 9 (Reuters) - China is set to receive about 3 million metric tons of U.S. soybeans in Apr...Reuters
Wed, Apr 9
Russia says Ukraine violated moratorium on energy infrastructure strikes four times in past day
MOSCOW, April 9 (Reuters) - Russia's defence ministry said in a statement on Wednesday that Ukraine had carried out four attacks on Russian energy infrastructure over the past day, in violation of a U.S.-brokered moratorium on hitting energy infrastructure targets.Ukraine and Russia agreed to pa...Reuters
Wed, Apr 9
Angola's Sonangol seeks $4.8 billion to bridge Lobito refinery funding gap
Lobito refinery will be Angola's largest refineryConstruction expected to start next year, executive saysLuanda refinery upgrade to boost output by 2028, executive saysBy Wendell Roelf CAPE TOWN, April 9 (Reuters) - Angola's Sonangol is in talks with Chinese and European banks to overcome...Reuters
Wed, Apr 9
Zurich offers Italy's farmers novel insurance to help handle weather hits
By Henry GaleApril 9 - (The Insurer) - Zurich Insurance has begun insuring crops in Italy against weather, with automatic payouts to fund irrigation, disease control and other measures, its partner xFarm Technologies said.The parametric insurance policies are designed to trigger payments within days...Reuters
Wed, Apr 9
Chevron to 'triple-frac' half of Permian oil wells in 2025 to cut costs, time
Chevron's triple-frac cuts well completion time by 25%Technique reduces costs per well by 12%Triple-frac requires 60% more water and sand per dayBy Sheila Dang HOUSTON, April 9 - U.S. oil major Chevron CVX.N plans to increase the use of a technique that allows it to fracture subterranean rock...Reuters
Wed, Apr 9
RPT-ANALYSIS-Sharp US bond selloff revives flashbacks of COVID-era 'dash-for-cash'
Margin calls, need for liquidity exacerbate bond selloffUnwinding of basis trade reminds investors of 2020 market crashSwap spreads tighten sharply, signaling selling pressureBy Davide Barbuscia and Gertrude Chavez-Dreyfuss NEW YORK, April 9 (Reuters) - A violent U.S. Treasury selloff, evoking th...Reuters
Wed, Apr 9
Naftogaz says it restored half of gas production damaged in February's Russian strikes
April 9 (Reuters) - Ukraine's state and oil gas company Naftogaz has restored 50% of its gas production capacity damaged in Russian long-range strikes this February, Roman Chumak, the company's CEO, said on Wednesday.Reuters
Wed, Apr 9
Softening accelerates in energy market as capacity hits all-time high: Willis
By Rebecca DelaneyApril 9 - (The Insurer) - The "delicate balance" between profitability concerns and pursuit of market share has driven continued softening and all-time high levels of capacity in the energy insurance market, according to Willis's latest energy market review, published o...Reuters
Wed, Apr 9
Shipping group Mitsui O.S.K. to seize opportunities as tariffs drive trade route shift -CEO says
Sees increase in trade volume from low-tariff countriesPlans to expand LNG fleet to around 150 vessels by 2030May raise shareholder returns as early as in FY2025/26By Yuka Obayashi TOKYO, April 9 (Reuters) - Mitsui O.S.K. Lines (MOL) 9104.T, Japan's second-largest shipping company, aims to ca...Reuters
Wed, Apr 9
Ukraine to hire consultants to advise on US minerals deal
KYIV, April 9 (Reuters) - The Ukrainian government has allocated $2.7 million towards consulting services to advise on a draft minerals deal with the United States, a government document, dated April 8, showed.U.S. President Donald Trump has said a bilateral minerals deal will help broker a peace ag...Reuters
Wed, Apr 9
US exits carbon talks on shipping, urges others to follow - document
By Jonathan Saul and Michelle Nichols LONDON, April 9 (Reuters) - The United States has withdrawn from talks in London looking at advancing decarbonisation in the shipping sector and Washington will consider "reciprocal measures" to offset any fees charged to U.S. ships, a diplomatic note...Reuters
Wed, Apr 9
EUROPE GAS-Prices fall in line with other markets as U.S. tariffs kick in
April 9 (Reuters) - Dutch and British gas prices fell Wednesday morning in line with wider equity and commodities market sell-offs, as U.S. reciprocal" tariffs, which have raised fears of recession, took effect.The benchmark Dutch front-month contract TRNLTTFMc1 was down 1.07 euros to 34.55 euro...Reuters
Wed, Apr 9