News
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US oil producer Continental Resources claims Hess defrauded it out of $69 million
By Georgina McCartneyHOUSTON, May 19 (Reuters) - U.S. shale producer Continental Resources has filed a lawsuit against Hess Corp HES.N alleging that it was defrauded out of up to $69 million through a series of deals the well operator conducted with its subsidiaries. Continental said that Hess, w...Reuters
Mon, May 19
Equinor says US lifts stop-work order on New York offshore wind farm
May 19 (Reuters) - The Trump administration lifted a month-old stop-work order on a major offshore wind facility planned off the coast of New York, Norway's Equinor EQNR.OL, the project's developer, said on Monday.Officials from the U.S. Interior Department, which issued the order last month...Reuters
Mon, May 19
US Department of Energy to begin issuing orders for pending LNG export permits
By Curtis Williams HOUSTON, May 19 (Reuters) - The U.S. Department of Energy will begin approving or rejecting pending applications for permits to export liquefied natural gas to countries with no free trade agreements with the U.S., the agency said on Monday, after releasing a final study on...Reuters
Mon, May 19
Perpetua Resources receives final federal permit for Stibnite Gold Project
May 19 (Reuters) - Mining company Perpetua Resources PPTA.O said on Monday it has received the final federal permit for its Idaho antimony and gold Stibnite project from the U.S. Army Corps of Engineers.President Donald Trump invoked emergency powers in March to boost domestic production of critical...Reuters
Mon, May 19
Tariff truce will not spark cargo boom at busiest US seaport, executive director says
Port of Los Angeles expects slight uptick in bookings, not a surgeMay imports reflect previous 145% tariffs, impacting port volumesWalmart to raise prices, reduce orders due to tariff costsBy Lisa Baertlein LOS ANGELES, May 19 (Reuters) - The head of the busiest U.S. port does not expect imports ...Reuters
Mon, May 19
US Cash Crude-Coastal grades weaken on low export demand
May 19 (Reuters) - Coastal grades eased on Monday, dealers said, due to weak export demand for U.S. crude as OPEC+ is set to ramp up supply. Mars eased 45 cents, while Heavy Louisiana Sweet eased 50 cents. WTI Midland and WTI at East Houston WTC-MEH, also known as MEH, were unchanged.Total US export...Reuters
Mon, May 19
Energy investor Five Point targets $2 billion from Northwind pipelines sale, sources say
By David French May 19 (Reuters) - The private equity owner of Northwind Midstream is exploring a potential sale of the Permian Basin gas infrastructure operator, with any deal expected to value the company upwards of $2 billion, including debt, people familiar with the matter said.Five Point Inf...Reuters
Mon, May 19
Probe of crash of Mexican tall ship into Brooklyn Bridge centers on engine
The crash resulted in two fatalities and around 20 injuriesShip's engine is key focus of investigation, NTSB saysRole of tug boat that assisted the ship will also be examinedEngine malfunction was likely the reason for the accident, expert saysBy Maria Tsvetkova, Karen Freifeld and David Shepard...Reuters
Mon, May 19
LIVESTOCK-CME live cattle futures rise as US grilling season heats up
CHICAGO, May 19 (Reuters) - Chicago Mercantile Exchange live cattle turned higher on Monday, amid continued strength in the cash market and a spate of short covering, traders said.Feeder cattle futures were mixed, with the most-active August FCQ25 contract turning lower for the fourth time in five s...Reuters
Mon, May 19
Iraqi Kurdish leader to oversee signing of energy agreements with US companies
WASHINGTON, May 19 (Reuters) - Iraqi Kurdish Prime Minister Masrour Barzani will oversee the signing of two energy agreements worth a combined $110 billion over their lifetimes with U.S. companies HKN Energy and WesternZagros, an adviser to the leader said on social media on Monday.HKN will develop ...Reuters
Mon, May 19
Oil settles up as signs of US-Iran impasse counter economic concerns
Iran says nuclear talks could break down if US insists on no enrichmentUS credit rating cut by Moody'sChina's retail sales disappointPutin says efforts to end Ukraine war on right track after talk with TrumpBy Shariq Khan NEW YORK, May 19 (Reuters) - Oil prices settled marginally high...Reuters
Mon, May 19
Busiest US seaport unlikely to see tariff-related cargo boom, CEO says
Port of Los Angeles expects slight uptick in bookings, not a surgeMay imports reflect previous 145% tariffs, impacting port volumesWalmart to raise prices, reduce orders due to tariff costsBy Lisa Baertlein LOS ANGELES, May 19 (Reuters) - The head of the busiest U.S. port does not expect imports ...Reuters
Mon, May 19
House bill would choke US solar investment, says top trade group
May 19 (Reuters) - Legislation advanced by Republicans in the U.S. House of Representatives last week could put 300 domestic solar and energy storage factories at risk and kill nearly 300,000 jobs, a top solar trade group warned on Monday.WHY IT'S IMPORTANT The analysis by the Solar Energy Indus...Reuters
Mon, May 19
GRAINS-CBOT grain, soybean futures firm on choppy day of trading
Corn futures firm despite planting questions in U.S. DeltaWheat futures rise, supported by weaker dollar and export interestSome of Argentina's soybean crop could suffer "significant" lossesBy P.J. Huffstutter CHICAGO, May 19 (Reuters) - Chicago Board of Trade corn futures firmed ...Reuters
Mon, May 19
CBOT wheat closes higher, bolster by weaker US dollar
CHICAGO, May 19 (Reuters) - Chicago Board of Trade wheat futures closed higher for the fourth time in five sessions on Monday, as a weaker dollar .DXY can make U.S. exports cheaper, market analysts said.CBOT July soft red winter wheat WN25 settled up 4 cents at $5.29 a bushel.K.C. July hard red wint...Reuters
Mon, May 19
US Plains HRW Wheat-Spot basis bids mostly steady on moderate demand
CHICAGO, May 19 (Reuters) - Spot basis bids for hard red winter (HRW) wheat held mostly steady at facilities around the southern U.S. Plains on Monday, underpinned by moderate demand, dealers said.Rising futures prices sparked some light, scattered farmer sales, but the overall sales pace remained s...Reuters
Mon, May 19
Genetic test to reveal whether Brazil's bird flu case is linked to zoo deaths
Brazil investigates link between zoo and poultry farm bird flu casesGenetic sequencing to determine virus relatedness, says Rosane CollaresVibra Foods incinerates waste to prevent virus spread, no comment from TysonBy Debora Ely and Ana Mano MONTENEGRO, Brazil, May 19 (Reuters) - Brazilian author...Reuters
Mon, May 19
US natgas futures fall 7% to 3-week low on rising output, spot Waha prices turn negative
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 19 (Reuters) - U.S. natural gas futures fell about 7% to a three-week low on Monday on a small increase in output over the last few days even thou...Reuters
Mon, May 19
CBOT soybeans inch higher on technical trading
CHICAGO, May 19 (Reuters) - Chicago Board of Trade soybean futures inched higher on technical trading on Monday, following two sessions of losses, market analysts said. CBOT July soybeans SN25 settled up 3/4-cent at $10.50-3/4 a bushel.CBOT July soyoil BON25 rose 0.51 cent to 49.44 cents per pound. ...Reuters
Mon, May 19
CBOT corn ends higher in choppy trading
CHICAGO, May 19 (Reuters) - Chicago Board of Trade corn futures rose on Monday in choppy trading that held prices near the bottom end of their range, market analysts said.Corn futures ended higher in a technical and short-covering rebound, supported by a weaker U.S. dollar.Favorable Midwest crop con...Reuters
Mon, May 19
