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July 22, 2021

Commodities News (3rd Party)

Egypt projects 7.1% increase in debt financing needs in 2021/22

Reuters
FILE PHOTO: A view of the city skyline and River Nile from Cairo tower building in the capital of Cairo, Egypt December 5, 2019. REUTERS/Amr Abdallah Dalsh/File Photo CAIRO (Reuters) – Egypt expects its debt financing needs to rise by 7.1% to 1.068 trillion Egyptian pounds ($68.1 billion) in the......

Asian shares defensive, dollar struggles near one-month lows

Reuters
SYDNEY (Reuters) – Asian shares were on the backfoot on Thursday following mixed cues from Wall Street where a sharp sell-off in the largest bitcoin exchange Coinbase hit tech shares while the dollar index struggled near one-month lows. FILE PHOTO: Pedestrians and a traffic light stop sign are reflected on......

U.S. expresses support for Japan’s release of Fukushima nuclear plant water

Reuters
FILE PHOTO: The storage tanks for treated water are seen at the tsunami-crippled Fukushima Daiichi nuclear power plant in Okuma town, Fukushima prefecture, Japan March 1, 2021. REUTERS/Sakura Murakami TOKYO (Reuters) – The United States on Tuesday said Japan “appears to have adopted an approach in accordance with globally accepted......

Brazil’s Petrobras, government agree on rules for potential Sepia, Atapu sale

Reuters
FILE PHOTO: The Petrobras logo is seen in front of the company’s headquarters in Sao Paulo April 23, 2015. REUTERS/Paulo Whitaker/File Photo RIO DE JANEIRO (Reuters) – The board of Brazilian state-run oil company Petrobras has approved an agreement with the government regarding the compensation that must be paid to......

BHP, Vale Samarco JV files for Brazil bankruptcy protection

Reuters
FILE PHOTO: The logo of the Brazilian mining company Vale SA is seen in Brumadinho, Brazil January 29, 2019. REUTERS/Adriano Machado/File Photo RIO DE JANEIRO (Reuters) – Samarco Mineracao SA, a joint venture between Brazilian miner Vale SA and BHP Group Ltd, has filed for bankruptcy protection to prevent creditors’......

Japan industry minister denies raising 2030 emissions reduction target to 45%

Reuters
FILE PHOTO: Japan’s Economy, Trade and Industry Minister Hiroshi Kajiyama attends a news conference in Tokyo, Japan, September 16, 2020. REUTERS/Kim Kyung-Hoon TOKYO (Reuters) – Japan’s industry minister said on Friday there was no truth to a media report that the government was aiming for a 2030 greenhouse gas (GHG)......

U.S. Senate parliamentarian says reconciliation can be used to pass legislation

Reuters
FILE PHOTO: U.S. Senate Majority Leader Chuck Schumer (D-NY) touts Senate Democrats legislative accomplishments as he holds a news conference at the U.S. Capitol in Washington, U.S., March 25, 2021. REUTERS/Jonathan Ernst/Pool WASHINGTON (Reuters) – U.S. Senate parliamentarian has issued an opinion that a revised budget resolution may contain budget......

Oil prices slip after OPEC+ agree to ease output cuts

Reuters
SINGAPORE (Reuters) – Oil prices edged down in early Asian trade on Monday after OPEC+ agreed last week to gradually ease some of its production cuts between May and July. FILE PHOTO: A 3D printed oil pump jack is seen in front of displayed stock graph and Opec logo in......

Suez canal ends shipping backlog: statement

Reuters
CAIRO (Reuters) – Suez Canal Authority (SCA) said that all 422 ships stranded by the grounding of the giant container ship Ever Given passed through the canal by Saturday, ending the backlog caused by the blockage. Reporting by Moamen Said Atallah; writing by Mahmoud Mourad; editing by John Stonestreet Source......

Iran rejects ‘step-by-step’ lifting of sanctions – Press TV

Reuters
FILE PHOTO: The Iranian flag waves in front of the International Atomic Energy Agency (IAEA) headquarters, before the beginning of a board of governors meeting, amid the coronavirus disease (COVID-19) outbreak in Vienna, Austria, March 1, 2021. REUTERS/Lisi Niesner (Reuters) – Iran’s government wants the United States to lift all......

Suez Canal shipping backlog to end on Saturday – canal authority

Reuters
CAIRO (Reuters) – The last ships stranded by the grounding of a giant container vessel in the Suez Canal should pass through the waterway on Saturday, according to the canal authority, which said an investigation into the incident would report its findings soon. Osama Rabie, chairman of the Suez Canal......

Suez Canal shipping backlog to end on Saturday – canal authority

Reuters
CAIRO (Reuters) – The last ships stranded by the grounding of a giant container vessel in the Suez Canal should pass through the waterway on Saturday, according to the canal authority, which said an investigation into the incident would report its findings soon. Osama Rabie, chairman of the Suez Canal......

Argentine leader Alberto Fernandez says tests positive for coronavirus

Reuters
Argentina’s President Alberto Fernandez attends the National Flag Day event at the Museum of the National Flag in Iguala, Guerrero State, Mexico February 24, 2021. REUTERS/Henry Romero BUENOS AIRES (Reuters) – Argentine President Alberto Fernandez has tested positive for the new coronavirus, is waiting for the result to be confirmed......

Exxon Mobil signals better first-quarter earnings as oil prices climb

Reuters
FILE PHOTO: An Exxon sign is seen at a gas station in the Chicago suburb of Norridge, Illinois, U.S., October 27, 2016. REUTERS/Jim Young/File Photo (Reuters) – Exxon Mobil Corp expects rising first-quarter results across its three major businesses, with an at least $2 billion improvement from prices for oil......

Big tech lifts equities as Biden rebuilding plan in focus

Reuters
By Herbert Lash, Tom Arnold NEW YORK/LONDON (Reuters) – The dollar hit a one-year high versus the yen and technology stocks led Wall Street and a key gauge of global equities higher on Wednesday, ahead of an announcement by President Joe Biden of a multitrillion-dollar plan to rebuild America’s infrastructure.......

Asian stocks poised for first monthly loss since Oct on bond rout

Reuters
SYDNEY (Reuters) – Asian stocks were on track for their first monthly loss since last October though markets were up on Wednesday and the U.S. dollar stood tall as investors focused on growing signs of a sure-footed global economic recovery. FILE PHOTO: Pedestrians wearing facial masks, following the coronavirus disease......

Ship swings back across Suez Canal before next tugging attempt, witness and source say

Reuters
A view shows the container ship Ever Given, one of the world’s largest container ships, after it was partially refloated, in Suez Canal, Egypt March 29, 2021. Suez Canal Authority/Handout via REUTERS SUEZ, Egypt (Reuters) – A giant container ship that was jammed across the Suez Canal and has been......

Container line CMA CGM says diverting some ships away from Suez Canal

Reuters
A view shows the stranded container ship Ever Given in the background, one of the world’s largest container ships, after it ran aground, in Suez Canal, Egypt March 27, 2021. REUTERS/Mohamed Abd El Ghany PARIS (Reuters) – Container shipping group CMA CGM said on Saturday it has decided to divert......

Chevron eyes deal for Shell oil refinery in Pacific Northwest: sources

Reuters
FILE PHOTO: A Chevron gas station sign is shown in Cardiff, California, in this January 25, 2016 file photo. REUTERS/Mike Blake/Files/File Photo HOUSTON (Reuters) – Chevron Corp has emerged as a leading contender to buy a Royal Dutch Shell Plc refinery in the U.S. Pacific Northwest, three people familiar with......

Chevron eyes deal for Shell oil refinery in Pacific Northwest: sources

Reuters
FILE PHOTO: A Chevron gas station sign is shown in Cardiff, California, in this January 25, 2016 file photo. REUTERS/Mike Blake/Files/File Photo HOUSTON (Reuters) – Chevron Corp has emerged as a leading contender to buy a Royal Dutch Shell Plc refinery in the U.S. Pacific Northwest, three people familiar with......

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