Latest news with #supplydisruptions
Reuters
22-07-2025
- Business
- Reuters
China's coking coal prices hit daily limit again on chatter about government mine inspections
BEIJING, July 22 (Reuters) - Prices of coking coal futures in China hit their ceiling for a second successive session on Tuesday, amid market chatter about potential government inspections in China's major coal production hubs that might lead to supply disruptions. The most active China coking coal contract on the Dalian Commodity Exchange jumped nearly 8% to its highest price since March 19 at 1,048.5 yuan ($146.19) a metric ton. A document purported to be from the National Bureau of Energy calling for inspections at coal mines in eight provinces to determine whether production exceeded licensed capacity played a part in the price rise, said Simon Wu, a senior consultant at Wood Mackenzie. "This could potentially reduce the effective supply to the market," he said. Reuters could not verify the authenticity of a document circulating on social media from the Henan provincial government which contained inspection orders from the NBE. A phone call to a number in the document was answered by someone who said they were following instructions from the NBE and not to call again. The NBE did not immediately respond to a request for comment. Coking coal prices have gained 28% so far in July after a visit to Shanxi, China's top coal production hub, by President Xi Jinping earlier this month sparked speculation about a fresh wave of supply reform. ($1 = 7.1723 Chinese yuan)
Zawya
17-07-2025
- Business
- Zawya
Qatar hikes August term price for al-Shaheen oil to 4-month high, sources say
SINGAPORE: QatarEnergy has raised the August term price for al-Shaheen crude oil to its highest premium in four months, according to three trade sources. The premium for August-loading al-Shaheen crude rose to $2.48 a barrel above Dubai quotes. The producer sold all five cargoes to TotalEnergies. The jump in premiums followed increases in Middle East crude benchmarks Dubai and Oman as fighting broke out between Israel and Iran last week, raising concerns of supply disruptions in the key producing region. Last month, QatarEnergy sold July-loading al-Shaheen crude to companies including Vitol and set the term premium at $1.63 a barrel. (Reporting by Florence Tan; Editing by Christian Schmollinger)
Wall Street Journal
15-07-2025
- Business
- Wall Street Journal
European Gas Falls as Trump's Russia Deadline Alleviates Supply Concerns
0911 GMT – European natural-gas prices fall as President Trump's 50-day ultimatum to Russia signaled a more tempered response, easing fears of immediate supply disruptions. In midday trade, the benchmark TTF gas contract is down 1.5% to $35.30 euros a megawatt hour. However, Trump's 50-day deadline coincides with the start of Norway's seasonal gas maintenance in late August, which could introduce fresh uncertainty for European gas markets, according to analysts at Rabobank. Meanwhile, rising temperatures are threatening to boost gas demand in Asia and divert LNG cargoes away from Europe, heightening the risk of a supply squeeze at a time when the continent needs to bolster its gas reserves for the winter. (
Yahoo
15-07-2025
- Business
- Yahoo
Oil prices down as Trump's deadline for Russia eases supply fears
Oil prices fell during early European trading after US president Donald Trump set a 50-day deadline for Russia to end its war in Ukraine, potentially averting further sanctions. The announcement alleviated immediate concerns surrounding global supply disruptions. Brent crude (BZ=F) lost 0.7% to trade at $68.72 a barrel, while West Texas Intermediate retreated 0.9% to $66.41. Initially, oil prices had surged on speculation about upcoming sanctions. However, the market reversed course as the deadline imposed by Trump raised hopes that punitive measures could be avoided. Investors began to question whether the US would actually go ahead with imposing high tariffs on nations continuing to trade with Russia. Read more: FTSE 100 LIVE: London heads near all-time highs as EU readies for US tariffs 'China, India, and Turkey are the largest buyers of Russian crude oil. They will have to weigh the benefits of buying cheap Russian oil against the costs of exporting to the US,' ING analysts wrote in a note. On Monday, Trump announced additional military aid for Ukraine, and over the weekend, he reiterated plans to impose a 30% tariff on most imports from the EU and Mexico, effective on 1 August. This move is part of broader threats aimed at other countries. Such tariff risks pose a potential slowdown to global economic growth, which could weaken fuel demand and, in turn, push oil prices lower. Meanwhile, Goldman Sachs (GS) raised its oil price forecast for the second half of 2025. The investment bank cited factors such as potential supply disruptions, declining oil inventories in OECD countries, and production constraints in Russia. Gold prices were steady on Tuesday morning as investors weighed mixed signals from the US regarding the state of trade negotiations. Gold (GC=F) futures were 0.3% higher at $3,368.80 an ounce, while spot gold was muted at $3.363.49 per troy ounce after touching a three-week high of 3,385.90 in the last session. Trump expressed openness to further discussions with major economies, including the EU. However, his comments seemed to contradict his insistence that letters to governments outlining tariff rates essentially represent "the deals" for trade partners. Read more: Bank of England could cut interest rates faster if jobs market slows, Bailey says 'If trade talks deteriorate before August, we could easily see bullion retest or even breach its former highs,' said Fawad Razaqzada, a market analyst at City Index. 'For now, the market seems firmly in wait-and-see mode, keeping the gold forecast leaning cautiously bullish.' The precious metal has surged more than 25% this year, with gold reaching a record high above $3,500 an ounce in April. 'Gold remains the asset of choice when tariff tensions flare up. Its move towards $3,350 shows this again,' Tim Waterer, chief market analyst at KCM Trade, said. The pound was trading cautiously, edging up 0.1% to $1.3443, hovering just above a three-week low of $1.3430 against the dollar (GBPUSD=X). Market participants were hesitant to make significant moves ahead of the US inflation data set to be released later in the day. Investors are keenly awaiting the US consumer price index (CPI) data, as it will provide insights into the impact of the tariffs imposed by Trump on inflation. US Federal Reserve officials have signalled a preference for holding interest rates steady until there is more clarity on how much Trump's tariff policies are influencing price levels. The upcoming CPI release could offer crucial information on this front. The US dollar index ( which tracks the greenback's value against six major currencies, was down by around 0.2% to 97.94 at the time of writing on Tuesday morning. Stocks: Create your watchlist and portfolio Estimates for the CPI data suggest that US headline inflation rose to 2.7% year-on-year in June, up from 2.4% in May. Meanwhile, core CPI, which excludes volatile food and energy prices, is expected to have increased by 3%, up from 2.8% in the previous reading. On a month-to-month basis, both the headline and core CPI are forecast to have risen by 0.3%. Sterling's gains were also capped as investors awaited the release of key UK economic data. The UK CPI for June is set for release on Wednesday, followed by labor market data for the three months ending in May, which will be unveiled on Thursday. In other currency moves, the pound was flat against the euro, trading at €1.1505 at the time of writing. In equities, the FTSE 100 (^FTSE) hit 9,000 points for the first time ever. For more details follow our live coverage while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Wall Street Journal
14-07-2025
- Business
- Wall Street Journal
Oil Edges Higher Amid Supply Disruption Worries
2354 GMT — Oil edges higher in the early Asian session amid renewed worries over supply disruptions on potential U.S. sanctions against Russia. U.S. President Trump's tone around Russia has shifted in recent weeks as he becomes frustrated with Russian President Putin's apparent lack of desire to end the war with Ukraine, ANZ Research analysts say in a research report. Trump has reiterated criticism of Putin and said he plans to make a major statement on Russia this week, the analysts add. Front-month WTI crude oil futures are up 0.1% at $68.53/bbl; front-month Brent crude oil futures are 0.2% higher at $70.48/bbl. (
