News
Important Only
BW Offshore Acquires FPSO Nganhurra
May 28 (Reuters) - BW Offshore Ltd BWO.OL:ACQUIRES FPSO NGANHURRA TO LEVERAGE REDEPLOYMENT OPPORTUNITIESTRANSACTION INCLUDES A LIMITED UPFRONT PAYMENT, WITH ADDITIONAL CONSIDERATION CONTINGENT UPON SUCCESSFUL REDEPLOYMENT OF UNIT BEFORE JUNE 2027.UNIT WILL HAVE MINIMAL LAY-UP COSTS AND PRESENTS LIMI...Reuters
Wed, May 28
Ex-analyst sues Freepoint Commodities, alleges pressure to facilitate insider trading
Former analyst claims Freepoint execs sought insider informationFreepoint denies allegations, says performance led to dismissalSeveral traders and analysts recently departed Freepoint, sources sayBy Shariq Khan and Georgina McCartney NEW YORK/HOUSTON, May 28 (Reuters) - A former senior analyst at...Reuters
Wed, May 28
Heidelberg Materials expects infrastructure boom to fuel profit growth by 2030
By Christoph Steitz and Ilona WissenbachFRANKFURT, May 28 (Reuters) - Heidelberg Materials, the world's second-biggest cement maker, said on Wednesday it expects operating profit growth in the medium-term to 2030 to be driven by five megatrends, including higher defence spending and a growing de...Reuters
Wed, May 28
Exxon Mobil to sell French subsidiary Esso to Canadian energy group
By Alban Kacher May 28 (Reuters) - Energy major ExxonMobil XOM.N has entered into exclusive negotiations with the French unit of Canadian energy group North Atlantic to divest its majority-owned French subsidiary Esso ESSF.PA, it said on Wednesday.The sale is expected to take place in the last qu...Reuters
Wed, May 28
Goldman Sachs Sees OPEC8+ Maintaining Production Flat After 411KB/D Increase In July
May 28 (Reuters) - GOLDMAN SACHS: EXPECTS OPEC8+ TO ANNOUNCE ONE LAST 411KB/D PRODUCTION INCREASE IN JULYASSUMES OPEC8+ WILL KEEP REQUIRED PRODUCTION FLAT AFTER THIS LAST JULY PRODUCTION HIKE AS A LARGE INFLOW OF NEW EX-SHALE PROJECTS ENTERS THE MARKET LATER THIS YEAR, ECONOMIC GROWTH DECELERATES NO...Reuters
Wed, May 28
China issues flood warnings after heavy rain in southern regions
HONG KONG, May 28 (Reuters) - China's National Meteorological Centre on Wednesday issued alerts for heavy rain and flooding in southern regions, forecasting the most intense storms of the year so far.The NMC flagged a high risk of mountain floods, geological disasters and localised flooding in s...Reuters
Wed, May 28
EXCLUSIVE-Putin, for Ukraine peace, wants a pledge to halt NATO enlargement, sources say
Putin wants written pledge to halt NATO expansion eastwards, sources sayRussia also seeks lifting of sanctions and protection for Russian speakers in UkraineUkraine has insisted on NATO membership aspirations despite Russian demandsBy Guy Faulconbridge MOSCOW, May 28 (Reuters) - President Vladimi...Reuters
Wed, May 28
EUROPE GAS-Prices little changed amid stable supply, lower demand
LONDON, May 28 (Reuters) - Dutch and British wholesale gas prices were little changed on Wednesday morning amid stable supply and weak demand.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 inched up by 0.10 euro per megawatt hour (MWh) to 36.84 euros/MWh by 0824 GMT, while the J...Reuters
Wed, May 28
Exclusive: K2’s Aegis Energy strikes Everspan capacity deal for new excess petroleum gasoline haulers program
By James ThalerMay 27 - (The Insurer) - K2’s Aegis Energy General Insurance Agency has struck a capacity deal with fronting company Everspan to provide up to $4 million in excess coverage for a non-admitted petroleum gasoline haulers program available in most U.S. states.The program is designed to m...Reuters
Wed, May 28
Polarisation deepens exposure and claims uncertainty for alternative fuels: Allianz
By Rebecca DelaneyMay 27 - (The Insurer) - Geopolitical divisions over decarbonisation commitments are increasing uncertainty over future risk exposures and claims costs in the shipping industry, Allianz said in its latest safety and shipping review.With the sector already dealing with concerns arou...Reuters
Wed, May 28
Three dead in Chevron's Angolan oil platform fire
May 28 (Reuters) - A second person died from their injuries in hospital following a fire at a Chevron-operated oil platform offshore Angola, bringing the number of fatalities to three, government and company officials said late on Tuesday.Two workers were initially transferred to specialist units at...Reuters
Wed, May 28
TABLE-UAE's Fujairah oil inventory data for week ended May 26
May 28 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended May 26, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from t...Reuters
Wed, May 28
WRAPUP-US and Russia row in public as the Ukraine war heats up
MOSCOW/KYIV, May 28 (Reuters) - The United States and Russia quarrelled in public on Wednesday over the intensifying Ukraine war after U.S. President Donald Trump warned that President Vladimir Putin was "playing with fire" and Moscow massed 50,000 troops near a Ukrainian region.Reuters
Wed, May 28
Russia sees progress in Iran-US nuclear talks, Russia's Lavrov says
MOSCOW, May 28 (Reuters) - The negotiations between the United States and Iran on Tehran's nuclear program are moving in the right direction, Russian Minister of Foreign Affairs Sergei Lavrov said on Wednesday.He expressed hope for continued progress in the talks.Reuters
Wed, May 28
METALS-Industrial metals down pressured by stronger dollar
By Brijesh Patel May 28 (Reuters) - Industrial metals were subdued on Wednesday, weighed by a higher dollar, while improved risk appetite across financial markets following U.S. President Donald Trump's latest tariff respite offered support.Three-month copper on the London Metal Exchange ...Reuters
Wed, May 28
Silver Price Forecast: XAG/USD rebound stalls above $33.00, keeps moving in range
Silver prices (XAG/USD) are posting moderate losses on Wednesday, weighed by the upbeat market sentiment, which is undermining demand for safe assets, and a firmer US Dollar.The Greenback is trading higher across the board, on the back of easing trade tensions, after Trump's decision to delay tariffFxstreet
Wed, May 28
