News
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UK man loses fight against extradition to US over $100 million wine fraud
LONDON, May 20 (Reuters) - A British man accused of defrauding investors out of nearly $100 million through a Ponzi-like scheme involving non-existent luxury wines lost his fight against extradition from Britain to the United States on Tuesday.Andrew Fuller, who was named by U.S. prosecutors as Jame...Reuters
Tue, May 20
Stronger US hurricane season could mean more oil supply outages
NEW YORK, May 20 (Reuters) - An expected stronger hurricane season than average raises the risk of weather-related production outages in the U.S. oil industry, the U.S. Energy Information Administration said on Tuesday.WHY IT MATTERSA large portion of U.S. oil production and the bulk of the country&...Reuters
Tue, May 20
Re-elected Shell CEO, asked about BP, says bar for deals is high
Shell CEO, chair laud LNG as "low carbon"Activist resolution questioning LNG strategy gets 21% supportBy Shadia Nasralla LONDON, May 20 (Reuters) - Shell SHEL.L shareholders on Tuesday re-elected Chair Andrew Mackenzie and CEO Wael Sawan, who said when asked about a potential deal for riv...Reuters
Tue, May 20
US natgas prices climb 4% on lower output, higher demand
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 3% over five-year normalBy Scott DiSavino May 20 (Reuters) - U.S. natural gas futures climbed about 4% on Tuesday on a decline in daily output and forecasts for more demand next week than prev...Reuters
Tue, May 20
Neste To Supply SAF To FedEx At Los Angeles Airport
May 20 (Reuters) - Neste Oyj NESTE.HE:TO DELIVER SAF TO FEDEX AT AT LOS ANGELES AIRPORTSource text: https://news.cision.com/fi/neste/r/neste-aloittaa-uusiutuvan-lentopolttoaineen--saf--toimitukset-fedexille-los-angelesin-kansainvalisel,c4152649Reuters
Tue, May 20
Howden: EU unprepared as agriculture weather losses set to reach 40 billion euros annually by 2050
In a catastrophic year, EU-wide crop and livestock losses could be 60 billion euros, rising to 90 billion by 2050Drought accounts for more than half of agricultural lossesHowden recommends risk pooling, cat bonds, reinsurance and parametric coversBy Henry GaleMay 20 - (The Insurer) - Only 20% to 30%...Reuters
Tue, May 20
REFILE-US oil M&A deals slide from 2023 highs as buyers focus on value over volume
By Tanay Dhumal, Arunima KumarMay 20 (Reuters) - Dealmaking in the U.S. oil patch has slowed to a crawl in 2025, with the activity expected to stay muted for the rest of the year, as some prolific buyers focus on squeezing out value from their past acquisitions, while others curb their appetite for ...Reuters
Tue, May 20
CBOT Trends-Wheat up 8-12 cents, corn up 3-7 cents, soybeans up 1-4 cents
CHICAGO, May 20 (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 Tuesday. WHEAT - Up 8 to 12 cents per bushelCBOT wheat futures higher on short-covering and technical buying after an u...Reuters
Tue, May 20
Chevron seeks big oil and gas blocks in Indonesia, regulator says
TANGERANG, Indonesia, May 20 (Reuters) - U.S. oil major Chevron CVX.N is interested in exploring and developing oil and gas assets in Indonesia with sizable reserves, Djoko Siswanto, chairman of its upstream oil and gas regulator SKK Migas, said on Tuesday.Chevron is seeking blocks with potential re...Reuters
Tue, May 20
Dorian LPG Ltd expected to post earnings of 75 cents a share - Earnings Preview
Dorian LPG Ltd LPG.N, LPG is expected to show a fall in quarterly revenue when it reports results on May 22 for the period ending March 31 2025The Stamford Connecticut-based company is expected to report a 31.4% decrease in revenue to $97.005 million from $141.39 million a year ago, according to t...Reuters
Tue, May 20
GRAINS-Wheat extends gains as crop rating drop spurs short-covering
CANBERRA/PARIS, May 20 (Reuters) - Chicago wheat futures rose on Tuesday to a near two-week high as a weaker dollar and unexpected decline in U.S. crop ratings encouraged more short-covering after prices hit a five-year low last week.Corn futures tracked wheat higher while soybeans were almost uncha...Reuters
Tue, May 20
Marine market on watch after Russia detains tanker
By Michael Jones May 20 - (The Insurer) - Marine insurers are monitoring developments in the Baltic Sea after Russian authorities detained a Greek-owned oil tanker on Sunday, three senior market sources told The Insurer.Russia detained the Liberia-flagged Green Admire as it was leaving the Estoni...Reuters
Tue, May 20
PRESS DIGEST-Canada - May 20
May 20 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL** Canada Post says it has received strike notices from its union, putting roughly 55,000 postal workers on track to ...Reuters
Tue, May 20
India's Hindalco beats quarterly profit estimates on surging commodity prices
By Manvi PantMay 20 (Reuters) - Hindalco Industries HALC.NS, one of India's largest copper and aluminium producers, reported fourth-quarter profit above analysts' estimates on Tuesday, driven by a surge in commodity prices.Consolidated net profit for the Aditya Birla Group-owned firm rose to...Reuters
Tue, May 20
PRECIOUS-Gold holds firm as investors await more details on US tariff policy
Trump says Russia-Ukraine to start immediate talks on ceasefireSeveral Fed officials scheduled to speak later in the dayBy Brijesh Patel May 20 (Reuters) - Gold prices eked out gains on Tuesday, buoyed by a lower dollar, while investors cautiously turned their attention to further developments in...Reuters
Tue, May 20
U.S. nuclear power plant outages
May 20 (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
Tue, May 20
Chevron seeks big oil and gas blocks in Indonesia, regulator says
TANGERANG, Indonesia, May 20 (Reuters) - U.S. oil major Chevron CVX.N is interested in exploring and developing oil and gas assets in Indonesia with sizable reserves, Djoko Siswanto, chairman of its upstream oil and gas regulator SKK Migas, said on Tuesday.Chevron is seeking blocks with potential re...Reuters
Tue, May 20
Shell CEO says bar for M&A is very high when asked about BP
LONDON, May 20 (Reuters) - Shell SHEL.L CEO Wael Sawan said on Tuesday that the bar for acquisitions is very high in response to a question from a shareholder at its annual general meeting on how well rival BP BP.L would fit with its assets. He added this was especially true given that Shell'...Reuters
Tue, May 20
US shale to plateau if oil stays in current range, ConocoPhillips CEO says
Forecasters trimming expectations for U.S. shale output after prices fallUS crude production could decline if prices in $50s, Conoco chief saysOil below $60 means lower investment, unmet power needs, Qatar's Kaabi saysBy Andrew Mills DOHA, May 20 (Reuters) - U.S. shale oil output will flatten...Reuters
Tue, May 20
