Global Commodities 2018

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No bull territory: Trading houses see lower oil prices in 2019

LONDON Oil prices won't rally and may fall further in 2019 as a slowing global economy and booming U.S. output help offset the loss of Iranian barrels, the world's biggest oil traders told the Reuters Global Commodities Summit.


Engie stays focused on gas for power generation despite divestment

SINGAPORE French energy group Engie remains committed to using natural gas for power generation despite selling its oil and gas exploration and production (E&P) unit and LNG assets during the past two years.

Big oil traders set to cash in on shipping fuel overhaul

LONDON The world's biggest oil traders are gearing up to cash in on big disruptions that could hit the shipping fuel market in just over a year due to new U.N.-mandated environmental rules.


Mercuria predicts new wave of consolidation in global oil trading

LONDON Global energy trading businesses are set for a new wave of consolidation as rising interest rates and high oil prices compress already thin profit margins, said Mercuria, one of the world's biggest oil traders.


LME to test electronic close on other metals if nickel trial succeeds

LONDON The London Metal Exchange (LME) plans to extend a trial of using electronic closing prices rather than open outcry for nickel to other metals, its chief executive told the Reuters Global Commodities Summit in London.

Shell Canada sees cost advantage in LNG Canada expansion

CALGARY, Alberta An expansion of LNG Canada has a cost advantage over its rivals in the race to build more liquefied natural gas export capacity, but a go-ahead decision on phase two is likely still a few years away, Shell Canada's president said on Thursday.

Mercuria says oil near $70 is litmus test for producer strategy

LONDON The world's largest oil producers could reverse their strategy of raising output and revert to reduction mode if the price of crude holds near $70 a barrel into next year, Mercuria Chief Executive Marco Dunand said on Thursday.


Canadian banks lining up for regulatory change to join LME

LONDON Several Canadian banks are expected to join the London Metal Exchange (LME) once it gets the green light from regulators in Ontario, the head of the LME said.


LME says EU clearing house pledge gives time for regulator approval

LONDON The European Union's move to allow EU firms temporary access to UK clearing houses after Brexit should give the London Metal Exchange time to secure approval for its operations, LME Chief Executive Matt Chamberlain said.

QME plans to extend spot-trading commodity platform

LONDON China's Qianhai Mercantile Exchange (QME) plans to add more commodities to its spot trading platform, possibly including metals needed for electric vehicles.


GGGI sees 'positive outlook' for renewable energy, but more efforts needed

(The Nov. 1 story corrects the year in paragraph 5 to 2012 from 2013)

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