News
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ICE to change arabica coffee futures, to price them in metric tons
By Marcelo TeixeiraNEW YORK, May 30 (Reuters) - The Intercontinental Exchange (ICE), which operates the arabica coffee futures KCc1 that are the global price benchmark for that type of coffee, will change the way those contracts are offered in coming months, according to an ICE statement.The exchang...Reuters
Fri, May 30
US natgas prices hold near 2-week high as higher demand offsets higher output
US LNG export feedgas down in May after hitting record in AprilUS gas output falls in May after reaching record last monthUS gas storage is about 4% over the five-year normalBy Scott DiSavinoMay 30 (Reuters) - U.S. natural gas futures held near a two-week high on Friday as forecasts for more demand ...Reuters
Fri, May 30
Gunvor, SOCAR neck and neck to buy refiner Italiana Petroli, sources say
By Francesca Landini and Valentina ZaMILAN, May 30 (Reuters) - Global commodity trader Gunvor and State Oil Company of Azerbaijan (SOCAR) are neck and neck in the race to buy oil refiner Italiana Petroli, three sources close to the matter said on Friday, as an end-May deadline to submit final offers...Reuters
Fri, May 30
EUROPE GAS-Prices fall on Trump China comments, oil market drop
May 30 (Reuters) - Dutch and British wholesale gas prices fell on Friday afternoon after being quite rangebound earlier in day, prompted by fresh concerns over a U.S.-China trade war and falling oil prices.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was down 0.66 euro at 34.2...Reuters
Fri, May 30
Thyssenkrupp putting 20,000 jobs at risk in overhaul, says union
BERLIN, May 30 (Reuters) - Germany's IG Metall union sees around a fifth of jobs at Thyssenkrupp TLAG.DE at risk, a senior official was quoted as saying on Friday, following the conglomerate's recent plans to turn into a holding company.On Monday, Thyssenkrupp said it would pursue plans to s...Reuters
Fri, May 30
EPNG Declares Force Majeure At Eunice C Station
May 30 (Reuters) - KINDER MORGAN'S KMI.N EL PASO NATURAL GAS COMPANY, L.L.C (EPNG):DECLARES FORCE MAJEURE AT EUNICE COMPRESSOR STATION IN LEA COUNTY, NEW MEXICOSAYS IT HAS EXPERIENCED AN EQUIPMENT FAILURE ASSOCIATED WITH ITS EUNICE C COMPRESSOR STATIONReuters
Fri, May 30
CBOT Trends-Wheat down 1-2 cents, corn up 1-down 1, soy down 4-6
CHICAGO, May 30 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday. WHEAT - Down 1 to 2 cents per bushelCBOT wheat futures fell on expectations of a large global wheat crop.Agricu...Reuters
Fri, May 30
Ghana gold output could rise 6.25% to 5.1 million ounces in 2025
Ghana's gold output surged 19.3% in 2024 Gold revenue boosts economic recoverySmall-scale miners face uncertainty from regulatory changesNew measures aim to reduce smuggling ACCRA, May 30 (Reuters) - Ghana's gold production could increase by around 6.25% to approximately 5.1 million ounce...Reuters
Fri, May 30
Aon: Latest SCS losses to reach billions of US dollars
By Rebecca DelaneyMay 30 - (The Insurer) - Insured losses from continued severe convective storm (SCS) activity across the U.S. are expected to run into billions of U.S. dollars, according to Aon's latest weekly cat report.The past week has seen continued persistent severe weather across the sou...Reuters
Fri, May 30
Saudi Aramco could tap debt markets again after $5 billion bond sale
By Yousef Saba DUBAI, May 30 (Reuters) - Saudi Aramco 2222.SE has published a new prospectus for its issuance programme of Islamic bonds or sukuk, signalling the state oil major may soon tap the debt markets again after it raised $5 billion from a three-part bond sale this week.The prospectus, su...Reuters
Fri, May 30
U.S. nuclear power plant outages
May 30 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total ...Reuters
Fri, May 30
Ghana gold output could rise 6.25% to 5.1 million ounces in 2025
ACCRA, May 30 (Reuters) - Ghana's gold production could increase by around 6.25% to approximately 5.1 million ounces in 2025, up from last year's record output of 4.8 million ounces, the Chamber of Mines in Africa's top gold-producing nation said on Friday.Reuters
Fri, May 30
Sustainable Switch: Climate Focus - Swiss village destroyed by glacier collapse
May 30 - By Sharon KimathiEnergy and ESG Editor, Reuters Digital sharon.kimathi@thomsonreuters.com Hello, Today’s newsletter focuses on extreme weather events, including a glacier collapse in a Swiss village and wildfires in Manitoba, Canada. These come as a U.N. report warns of rising g...Reuters
Fri, May 30
German union fears 20,000 job cuts at Thyssenkrupp, newspaper reports
BERLIN, May 30 (Reuters) - Germany's IG Metall union sees more than 20,000 jobs at risk at Thyssenkrupp TKAG.DE, Sueddeutsche Zeitung reported on Friday, three days after the conglomerate announced plans to sell minority stakes in three divisions as part of a wider overhaul."The plans could ...Reuters
Fri, May 30
OPEC+ may discuss oil output hike larger than 411,000 bpd for July, sources say
OPEC+ may discuss hike larger than 411,000 bpd, sources sayEight OPEC+ members to meet online on Saturday at 0900 GMTKazakhstan has informed OPEC it won't cut outputFor an EXPLAINER on OPEC+ output cuts, By Dmitry Zhdannikov, Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW, May 30 (Reuters) ...Reuters
Fri, May 30
PRECIOUS-Gold falls, US dollar strengthens ahead of key US inflation data
Trump's tariffs to remain in effect after appeals court decisionUS PCE price index report due at 1230 GMTDollar up 0.3%By Anushree Mukherjee May 30 (Reuters) - Gold prices fell on Friday as the U.S. dollar ticked higher and investors remained cautious ahead of key U.S. inflation data due late...Reuters
Fri, May 30
OPEC+ may discuss oil output hike larger than 411,000 bpd for July, sources say
OPEC+ may discuss hike larger than 411,000 bpd, sources sayEight OPEC+ members to meet online on Saturday at 0900 GMTKazakhstan has informed OPEC it won't cut outputFor an EXPLAINER on OPEC+ output cuts, By Dmitry Zhdannikov, Olesya Astakhova and Ahmad Ghaddar LONDON/MOSCOW, May 30 (Reuters) ...Reuters
Fri, May 30
Gold recovers quickly after US court ruling on Trump's tariffs – Commerzbank
The price of Gold briefly fell below the USD 3,250 per troy ounce mark on Thursday after it was announced that a US court had declared most of the tariffs imposed by US President Trump to be illegal, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Fxstreet
Fri, May 30
POLL-Oil price outlook weakens on OPEC+ hikes, lingering trade concerns
Brent projected to average $66.98 per barrel in 2025WTI to average at $63.35 per barrel in 2025For table of crude price forecasts, click By Sarah Qureshi and Kavya Balaraman May 30 (Reuters) - Analysts have revised down their oil price forecasts for the third consecutive month as swelling OPEC+ s...Reuters
Fri, May 30
