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January 28, 2022

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Oil rises, headed for sixth weekly gain, amid supply concerns

Reuters
Towers and smokestacks are silhouetted at an oil refinery in Melbourne June 21, 2010. REUTERS/Mick Tsikas/File Photo Register now for FREE unlimited access to Reuters.com Register Brent, WTI headed toward 7-year-highs hit Thursday Both benchmarks gain 15% so far this year Russia, U.S. keep door open to Ukraine diplomacy China’s......

Column: Commodity prices likely to be hit by slowdown before end of 2023: Kemp

Reuters
An employee works near a mixer of fused aluminium in Krasnoyarsk, Russia, July 27, 2016. Register now for FREE unlimited access to Reuters.com Register LONDON, Jan 27 (Reuters) – Prices for a wide range of commodities have climbed to their highest level for seven years or more as drillers, miners......

Mondelez revenue tops market estimates on strong snack demand, price hikes

Reuters
Oreo biscuits are seen displayed in front of Mondelez International logo in this illustration picture taken July 26, 2021. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – Mondelez International Inc (MDLZ.O) topped Wall Street estimates for quarterly revenue on Thursday, as the Oreo......

Gold falls as hawkish Fed lifts U.S. dollar and yields

Reuters
Gold products are pictured on display at Korea Gold Exchange in Seoul, South Korea, August 6, 2020. REUTERS/Kim Hong-Ji Register now for FREE unlimited access to Reuters.com Register U.S. two-year Treasury yields at 23-month high Dollar index at six-week high Silver down nearly 2% U.S. weekly initial jobless claims data......

Finland’s UPM sees headwinds from disrupted supply chains

Reuters
HELSINKI, Jan 27 (Reuters) – Finnish forestry company UPM said on Thursday it sees headwinds and extra costs ahead from disrupted global supply chains, leaving investors disappointed with its growth expectations for the first half of the year. The pulp, paper and biofuel maker saw its shares sink more than......

U.S. yields rise, Asian shares and European futures tumble as Powell warns on inflation

Reuters
Passersby wearing protective face masks walk past a stock quotation board, amid the coronavirus disease (COVID-19) pandemic, in Tokyo, Japan January 25, 2022. REUTERS/Issei Kato Register now for FREE unlimited access to Reuters.com Register MSCI Asia ex-Japan falls 2%, lowest since Nov. 2020 Powell warns inflation above long-run goal Fed......

U.S. crop insurance payouts rise sharply as climate change worsens droughts, floods

Reuters
An aerial view shows agricultural fields as California faces its worst drought since 1977, in Mundo, California, U.S., July 4, 2021. Picture taken with a drone REUTERS/Aude Guerrucci Register now for FREE unlimited access to Reuters.com Register Jan 27 (Reuters) – Insurance payments to U.S. farmers for crops lost to......

Top U.S. oil states vie for carbon capture oversight to speed up permits

Reuters
Jan 26 (Reuters) – Top U.S. oil-producing states are trying to wrest oversight of carbon capture wells from federal regulators, hoping to speed the oil industry’s preferred approach to combating climate warming amid calls for limits on fossil fuel production. Companies are proposing carbon capture and storage (CCS) hubs to......

Wall Street, oil up as Fed signals rate hikes could come ‘soon’

Reuters
Fed says rates could rise ‘soon’ Nasdaq leads U.S. indices higher, up over 2% Oil hits highest level since 2014 WASHINGTON, Jan 26 (Reuters) – U.S. stocks maintained gains Wednesday even after the Federal Reserve signaled an interest rate hike could be coming soon, while tension between Russia and Ukraine......

Blinken says U.S. responds to Russia’s demands, seeks dialogue

Reuters
U.S. ambassador delivers reply to Russian Foreign Ministry Kremlin: personal sanctions on Putin would not harm him Russia keeps up pressure with land and sea exercises Four-way talks on east Ukraine drag on in Paris MOSCOW/WASHINGTON, Jan 26 (Reuters) – The United States delivered written replies on Wednesday to sweeping......

French power output reduced by ongoing strike

Reuters
A banner is seen on a fence at France’s oldest Electricite de France (EDF) nuclear power plant near the eastern French village of Fessenheim, France February 20, 2020. The banner reads: “No! To closing Fessenheim”. REUTERS/Arnd Wiegmann Register now for FREE unlimited access to Reuters.com Register PARIS, Jan 26 (Reuters)......

Blast in Greek capital damages buildings, one injured

Reuters
ATHENS, Jan 26 (Reuters) – One person was injured and several buildings were extensively damaged by an explosion in central Athens that led to a fire early on Wednesday, officials and witnesses said. One person who suffered burns was taken to hospital, Giorgos Mathiopoulos, the head of workers at the......

Oil slips as investors lock in profits ahead of Fed update

Reuters
Crude oil storage tanks are seen from above at the Cushing oil hub, in Cushing, Oklahoma, March 24, 2016. Picture taken March 24, 2016. REUTERS/Nick Oxford//File Photo Register now for FREE unlimited access to Reuters.com Register API data shows U.S. crude stocks fall – market sources Investors await Wednesday’s Fed......

Copper gains for second session, market eyes Fed move

Reuters
SINGAPORE, Jan 26 (Reuters) – London copper prices edged higher on Wednesday, in positive territory for the second session, ahead of U.S. Federal Open Market Committee’s decision on interest rates. Investors are awaiting the Fed’s update to its policy plan, likely fleshing out timing on expected rate hikes and dwindling......

Biden warns Putin with sanctions as West steps up Ukraine defenses

Reuters
Tensions high after Russia masses troops near Ukraine Biden threatens sanctions on Putin if there is an invasion U.S., others discuss ways to protect energy supplies WASHINGTON/MOSCOW, Jan 25 (Reuters) – U.S. President Joe Biden said on Tuesday he would consider personal sanctions on President Vladimir Putin if Russia invades......

Cannabis compound CBD stops coronavirus in test tube, but can it treat COVID?

Reuters
Jan 25 (Reuters) – Early research suggesting that a popular non-psychoactive compound derived from marijuana might help prevent or treat COVID-19 warrants further investigation in rigorous clinical trials, researchers say. Several recent laboratory studies of cannabidiol, or CBD, have shown promising results, attracting media attention. However, many other potential COVID......

Gold scales over 2-month peak as Ukraine worries dent risk appetite

Reuters
Dollar hits two-week highs Risk appetite hurt by Russia-Ukraine worries Jan 26 (Reuters) – Gold hit a more than two-month high on Tuesday as geopolitical concerns over Ukraine pushed investors toward safe havens including bullion, ahead of the U.S. Federal Reserve’s meet that could offer cues on its monetary policy......

Thousands stranded as snow disrupts transport in Turkey, Greece

Reuters
Flights resume slowly in Istanbul Thousands evacuated from Athens motorway Snow on Antalya beaches for first time in 29 years ISTANBUL/ATHENS, Jan 25 (Reuters) – Some Istanbul Airport flights resumed on Tuesday after nearly 24 hours of cancellations as heavy snowfall clogged roads and stranded thousands of people across Turkey......

Column: China slashing crude stockpiling ends oil demand growth driver: Russell

Reuters
Oil and gas tanks are seen at an oil warehouse at a port in Zhuhai, China October 22, 2018. REUTERS/Aly Song Register now for FREE unlimited access to Reuters.com Register LAUNCESTON, Australia, Jan 25 (Reuters) – China’s stockpiling of crude oil ground to almost a halt in 2021, reversing years......

Talks between oil companies, U.S. union intensify as deadline nears

Reuters
General view of the Marathon petroleum refinery in Carson, California, U.S., December 5, 2019. REUTERS/Mike Blake/File Photo Register now for FREE unlimited access to Reuters.com Register HOUSTON, Jan 24 (Reuters) – Talks for a new national contract for U.S. refinery and chemical plant workers intensified on Monday between the United......

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