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PRECIOUS-Cooling trade tensions set gold on track for worst week since November
Gold down more than 4% this weekSilver, platinum, palladium also head for weekly fall Wall Street's main indexes on track for weekly gainsBy Sarah Qureshi May 16 (Reuters) - Gold prices dropped more than 2% on Friday and were set for their worst week since November, as increased risk appetit...Reuters
Fri, May 16
Full ban on Brazil poultry not expected after bird flu outbreak, minister says
BRASILIA, May 16 (Reuters) - Brazil's Agriculture Minister Carlos Favaro told Reuters on Friday that he does not expect trade partners to fully ban Brazilian poultry imports given the importance of the country as a global supplier. Speaking about the country's first case of bird flu on a com...Reuters
Fri, May 16
US drillers cut oil and gas rigs for third week in a row - Baker Hughes
By Scott DiSavino May 16 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the third week in a row for the first time since mid April, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an...Reuters
Fri, May 16
US drillers cut oil and gas rigs for third week in a row - Baker Hughes
By Scott DiSavino May 16 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the third week in a row for the first time since mid April, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an...Reuters
Fri, May 16
Citgo Reports Emissions At Corpus Christi East Plant, Texas
May 16 (Reuters) - CITGO PETROLEUM CORP [RIC:RIC:PDVSAC.UL]:REPORTS EMISSIONS FROM CUMENE UNIT FUGITIVES F355 AT EAST PLANT, CORPUS CHRISTI, TEXAS REFINERY REPORTS ON MAY 15, WHILE PERFORMING PLANNED MAINTENANCE, A HYDROCARBON RELEASE OCCURRED FROM A BLIND REMOVAL WHEN AN ISOLATION VALVE LEAKED BY R...Reuters
Fri, May 16
Venezuela's state oil firm exporting crude grade previously shipped by Chevron, data shows
A 920,000-barrel cargo of Boscan crude set sail this month bound for MalaysiaCargo cancellation has led to stock accumulation in recent weeksPrevious restriction of US licenses led to billions of dollars in debt to PDVSA's partners May 16 (Reuters) - Venezuela's state-owned PDVSA has beg...Reuters
Fri, May 16
US Cash Grains-Spot basis for corn, soybeans flat to higher
CHICAGO, May 16 (Reuters) - Spot basis bids for corn and soybeans were mostly steady to higher at U.S. Midwest processors and elevators on Friday as some locations provided selling incentives to farmers busy with planting, according to dealers. The corn basis improved by 5 cents in Linden, Indiana. ...Reuters
Fri, May 16
GRAINS-Wheat stumbles on improved harvest prospects; soy steadies
Wheat ticks lower on good yield prospectsCorn down on ideal planting, growing conditionsSoy consolidates after previous session's tumbleBy Heather Schlitz CHICAGO, May 16 (Reuters) - Chicago wheat futures moved lower on Friday as traders weighed improved yield prospects in the U.S. Plains, th...Reuters
Fri, May 16
North Sea Crude-WTI trades higher
LONDON, May 16 (Reuters) - U.S. WTI Midland crude traded higher on Friday, while North Sea grades were steady. PLATTS WINDOW* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).* There was a single deal on Friday....Reuters
Fri, May 16
METALS-Demand concerns push copper prices lower
By Polina Devitt LONDON, May 16 (Reuters) - Copper prices fell for the second session on Friday as softer demand from price-sensitive consumers such as China pushed the growth-dependent metal down from its recent highs sparked by the 90-day U.S.-China trade truce.Benchmark three-month copper CMCU...Reuters
Fri, May 16
Europe Gasoline/Naphtha-Gasoline margins edge higher in busy trading
LONDON, May 16 (Reuters) - Northwest European gasoline profit margins rose slightly on Friday to $14.54 a barrel on brisk trading activity and lower regional inventories. A total of 16,500 metric tons of Eurobob E5 barges traded in the Argus window on Friday, an increase of more than twofold on the ...Reuters
Fri, May 16
Gold retreats below $3,200 as safe-haven demand fades, down over $300 from record high
Gold (XAU/USD) continues to decline on Friday, falling toward $3,180 and marking a sharp weekly loss of over 4%, its biggest since November 2024. The precious metal has now shed over $300 from its record high of $3,500 set in April, as safe-haven demand weakens and technical selling accelerates.
Fxstreet
Fri, May 16
Venezuela's PDVSA begins exporting crude grade previously shipped by Chevron, data says
May 16 (Reuters) - Venezuela's state-run PDVSA has begun exporting a heavy crude grade that had been shipped by Chevron CVX.N since 2022, maritime data showed, following the cancellation of cargoes to the U.S. producer last month amid payment uncertainty.Reuters
Fri, May 16
EU readying new sanctions to increase pressure on Russia, von der Leyen says
Leaders from across Europe meet in TiranaEU threatens Russia with more sanctions over UkraineZelenskiy says his priority is obtaining unconditional ceasefire By Andrew Gray and Fatos Bytyci TIRANA, May 16 (Reuters) - The European Union is working on a new package of sanctions to increase pressure...Reuters
Fri, May 16
US freight industry hopes for back-to-school demand boost after tariff truce
Analysts predict spike in orders during back-to-school seasonHigher imports to benefit carriers and railroads Freight influx could hit U.S. West Coast ports by June-end By Abhinav Parmar May 16 (Reuters) - A 90-day trade thaw between Washington and Beijing could prove to be a welcome reprieve for...Reuters
Fri, May 16
Vibra Foods linked to first Brazil case of bird flu on commercial farm, sources say
SAO PAULO, May 16 (Reuters) - Brazil's first bird flu outbreak on a commercial farm has been found on a supplier linked to privately owned chicken processor Vibra Foods, according to two sources briefed on the matter speaking on condition of anonymity on Friday. The company did not have an immed...Reuters
Fri, May 16
France's CMA CGM to redeploy fleet to avoid U.S. port fees on Chinese vessels
By Gus Trompiz PARIS, May 16 (Reuters) - French shipping group CMA CGM will reorganise its global fleet to avoid U.S. port fees on Chinese-built vessels that are due to take effect from October, the company's finance director said.The port charges are another operational headache for shipping...Reuters
Fri, May 16
Israel attacks Yemeni ports, Houth-run television says
ADEN, May 16 (Reuters) - Israel attacked Yemen's ports of Hodeidah and Salif along the country's Red Sea coast on Friday, the Houthi-run Al Masirah TV said, in an apparent response to the militant group's missile launches against Israel.Al Masirah did not provide further details, but two...Reuters
Fri, May 16
Euronext wheat rebound stalls as export worries linger
PARIS, May 16 (Reuters) - Euronext wheat edged down on Friday as a rebound from contract lows stalled with pressure from a fall in Chicago and lingering concerns about lagging export demand.September milling wheat BL2U5 was down 0.7% at 204.50 euros a metric ton by 1455 GMT. It earlier rose to a one...Reuters
Fri, May 16
