News
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US lifts ban on New York offshore wind project after natgas pipe compromise
Equinor resumes work on Empire WindHad been halted by interior secretary in AprilCompromise on wind and suspended gas pipeline reachedBy Nichola Groom and Nora Buli LOS ANGELES/OSLO, May 20 (Reuters) - The Trump administration has lifted a month-old stop-work order on Empire Wind, a $5 billion wi...Reuters
Tue, May 20
Europe Gasoline/Naphtha-Gasoline profit margins rise
LONDON, May 20 (Reuters) - Northwest European gasoline profit margins rose by around 77 cents to $14.43 a barrel on Tuesday.A total of 6,000 metric tons of Eurobob E5 barges traded in the Argus window on Tuesday, with Litasco and Gunvor selling barges to Aramco.A further 4,000 tons of Eurobob E10 ba...Reuters
Tue, May 20
EU wheat rallies with Chicago as crop risks fuel short-covering
PARIS, May 20 (Reuters) - Euronext wheat climbed to a two-week peak on Tuesday, in step with Chicago futures, as concern over crop risks in some Northern Hemisphere production belts spurred short-covering by investors after recent price lows.Benchmark September milling wheat BL2U5 on Paris-based Eur...Reuters
Tue, May 20
Fire at Chevron oil platform offshore Angola injures 17
By Miguel GomesLUANDA, May 20 (Reuters) - Seventeen people were injured, four seriously, when a fire broke out in the early hours of Tuesday at Chevron's CVX.N deep-water Benguela Belize Lobito Tomboco (BBLT) oil platform, Angolan authorities and the U.S. oil major said in statements.The cause o...Reuters
Tue, May 20
Mexican ship in Brooklyn Bridge crash made no distress calls, Mexico navy chief says
MEXICO CITY, May 20 (Reuters) - The Mexican Navy ship which crashed into New York's Brooklyn Bridge over the weekend made no distress calls before the accident but called for support instead, Mexico's Navy chief Raymundo Morales said on Tuesday.The port pilot maneuvering the Cuauhtémoc saili...Reuters
Tue, May 20
GRAINS-CBOT wheat extends rally on crop rating drop, Chinese heat wave concerns
Weaker dollar and U.S. crop rating decline boost wheat futuresChina's heat wave raises questions about winter wheat crops in key provincesHeavy rains in Argentina cause flooding, affecting soy fieldsBy P.J. Huffstutter CHICAGO, May 20 (Reuters) - Chicago Board of Trade wheat futures surged to...Reuters
Tue, May 20
US trade panel's vote paves way for stiff tariffs on many solar imports
Vote resolves trade case led by Hanwha and First SolarTrade group says tariffs will harm U.S. manufacturersMalaysia, Thailand, Cambodia, Vietnam imports at issue By Nichola Groom May 20 (Reuters) - The U.S. International Trade Commission determined on Tuesday that domestic solar panel makers were...Reuters
Tue, May 20
Ivanhoe suspends some Congo copper mining operations after seismic activity
DAKAR, May 20 (Reuters) - Ivanhoe Mines IVN.TO has suspended some mining operations at its Kakula underground copper mine in the Democratic Republic of Congo after seismic activity, it said on Tuesday.The Canadian miner halted underground operations on Sunday after a week of tremors. The company sai...Reuters
Tue, May 20
METALS-Copper steadies as tariff uncertainty counters weaker dollar, China stimulus
By Ashitha Shivaprasad May 20 (Reuters) - Copper prices steadied on Tuesday due to support from a weaker dollar and top consumer China's stimulus efforts, but worries about growth and demand due to U.S. tariffs dominated sentiment.Benchmark copper CMCU3 on the London Metal Exchange (LME) was ...Reuters
Tue, May 20
US energy firms' deals with Iraqi Kurdistan 'null and void', Baghdad says
Iraqi Kurdistan prime minister announced deals in WashingtonInvolve development of gas fields in Iraqi KurdistanBaghdad says such deals require federal approvalErbil, Baghdad have long clashed over oil, gas rights DUBAI/BAGHDAD May 20 (Reuters) - Iraqi Kurdistan announced deals worth $110 billion...Reuters
Tue, May 20
US Cash Grains-Corn basis bids steady-firm at ethanol plants, flat-lower at other processors
CHICAGO, May 20 (Reuters) - Spot corn basis bids were steady to higher at U.S. Midwest ethanol plants on Tuesday but steady to lower at other processors, while bids at interior elevators and barge-loading river terminals were largely unchanged, grain merchants said. Farmer sales of corn were light a...Reuters
Tue, May 20
US set to extend Chevron's Venezuela waiver by another 60 days, Bloomberg News reports
May 20 (Reuters) - President Donald Trump's administration is set to extend Chevron's CVX.N deadline to halt its operations in Venezuela by another 60 days as the U.S. continues negotiations with President Nicolas Maduro's government over the fate of U.S. detainees in the country, Bloomb...Reuters
Tue, May 20
US trade panel vote paves way for stiff tariffs on many solar imports
May 20 (Reuters) - The U.S. International Trade Commission (ITC) determined on Tuesday that domestic solar panel makers were materially harmed by a flood of cheap imports from four Southeast Asian nations, bringing Washington a step closer to imposing stiff duties on those goods.The "yes" vo...Reuters
Tue, May 20
Russia releases oil tanker from Baltic Sea detention, Estonian broadcaster says
Russia detained Liberia-flagged tanker on SundayGreen Admire now heading to Rotterdam, data showsAmbrey warns of increased security risks in BalticRussia says NATO trying to control Baltic shipping lanes COPENHAGEN, May 20 (Reuters) - Russia has released a Greek-owned oil tanker which was detaine...Reuters
Tue, May 20
FACTBOX-What's in the Republican tax and spending plan?
By Andy Sullivan WASHINGTON, May 20 (Reuters) - Republicans in the U.S. Congress are advancing a sweeping budget package that would fulfill President Donald Trump's calls to cut taxes and reduce spending, though details still need to be resolved.Here is a summary of the major elements of the ...Reuters
Tue, May 20
Brazil chicken exporters brace for cargo rejections amid bird flu outbreak
SAO PAULO, May 20 (Reuters) - Brazilian meat lobby ABPA, which represents large food processors including BRF SA BRFS3.SA and JBS SA JBSS3.SA, said some countries, including China, will not accept chicken consignments in transit amid confirmation of Brazil's bird flu outbreak.In an interview on ...Reuters
Tue, May 20
BW Energy: Successful Handover Of BW Adolo Operations To BW Energy Gabon SA
May 20 (Reuters) - BW Energy Ltd BWE.OL:REG-BW ENERGY: SUCCESSFUL HANDOVER OF BW ADOLO OPERATIONS TO BW ENERGY GABON SABW OFFSHORE'S SUBSIDIARY RETAINS OWNERSHIP OF UNITCHARTER INCLUDES A MUTUAL PUT-AND-CALL OPTION ON FPSO FOR USD 100 MILLION, EXERCISABLE IN 2028Reuters
Tue, May 20
Conifer gets Skyward Specialty capacity for expanded cannabis program
By Chris MunroMay 20 - (The Insurer) - Conifer Insurance Services has secured capacity support from Skyward Specialty Insurance Group for its new non-admitted Cannabis Select program.The new program complements Conifer’s long-standing Cannabis Essentials offering by providing elevated coverage limit...Reuters
Tue, May 20
