News
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FDA plans to review chemicals in US food supply, official says
By Tom Polansek ROSEMONT, Illinois, May 15 (Reuters) - The U.S. Food and Drug Administration plans to step up safety reviews on chemicals in foods, including one widely used as a preservative in products containing fats, said Kyle Diamantas, the agency's top food official, on Thursday.Health ...Reuters
Thu, May 15
US natgas prices fall 4% to two-week low on big storage build, less 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 15 (Reuters) - U.S. natural gas futures fell about 4% to a two-week low on Thursday on a bigger-than-usual weekly storage build and forecasts for ...Reuters
Thu, May 15
CBOT corn mixed amid good demand, ideal weather
CHICAGO, May 15 (Reuters) - Chicago Board of Trade corn futures were mixed on Thursday as futures came under pressure from ideal planting and growing conditions in the U.S. corn belt.Brazil's corn output is forecast to hit around 125 million metric tons in the 2024/25 crop, said Paulo Bertolini,...Reuters
Thu, May 15
Oil prices settled down 2% on expectations for US-Iran nuclear deal
Trump says US close to securing Iran nuclear dealRussia's Putin does not meet Ukraine's Zelenskiy in Turkey US crude stockpiles rose unexpectedly last weekIEA slightly upgrades 2025 oil demand growth forecastBy Georgina McCartney LONDON, May 15 (Reuters) - Oil prices settled lower on Thur...Reuters
Thu, May 15
Hot weather and high demand to pressure US power grid this summer, FERC says
By Laila KearneyMay 15 (Reuters) - Projected searing temperatures across the U.S. and the proliferation of data centers are expected to send electricity consumption to a four-year high this summer, testing the grid and pushing up power prices, the Federal Energy Regulatory Commission said on Thursda...Reuters
Thu, May 15
U.S. finance CEOs challenged for leaving climate pacts by Democratic lawmakers
BlackRock, JPMorgan CEOs among those to get letterAsks for confirmation of no weakening of climate targetsAlso seeks communications with Trump administrationBy Simon Jessop, Nupur Anand and Saeed Azhar NEW YORK/LONDON, May 15 (Reuters) - Democratic lawmakers harshly criticized the chief executive...Reuters
Thu, May 15
Canadian oil and gas producer Strathcona sells Montney assets for C$2.84 billion; acquires Hardisty terminal
May 14 (Reuters) - Strathcona Resources SCR.TO has sold all of its Montney assets for about C$2.84 billion ($2.03 billion) and acquired Hardisty Rail Terminal as part of its "core area consolidation" strategy, the Canadian oil and gas producer said on Wednesday.Previously owned by USD Partne...Reuters
Thu, May 15
CORRECTED-New Canadian agriculture minister to tackle China, US trade issues
By Ed White WINNIPEG, Manitoba, May 15 (Reuters) - Canada's new agriculture minister, Heath MacDonald, said in an interview on Thursday that tackling trade issues with China and the United States are his most pressing priorities.The two-front trade war with the world's largest economies h...Reuters
Thu, May 15
Retailers rush to save US summer shopping season
Tariff cut prompts rush to secure China-made goodsRetailers face potential supply chain bottlenecksFreight costs expected to rise amid increased demandWalmart, Birkenstock to raise prices for consumers in coming monthsBy Casey Hall and Siddharth Cavale NEW YORK, May 15 (Reuters) - U.S. retailers ...Reuters
Thu, May 15
Trump administration to audit billions in energy grants awarded under Biden
By Timothy Gardner WASHINGTON, May 15 (Reuters) - The Trump administration said on Thursday it will audit some $15 billion in grants to power grid and manufacturing supply chain projects awarded during the Biden administration. President Donald Trump has championed domestic production of oil, nat...Reuters
Thu, May 15
PRECIOUS-Gold prices rise over 1% on softer dollar and weak economic data
Putin's no-show in Turkey throws Ukraine talks into disarrayUS dollar down 0.1% US producer prices unexpectedly fall in AprilJohnson Matthey says palladium market expected to move to balance from deficitBy Sarah Qureshi May 15 (Reuters) - Gold prices rose more than 1% on Thursday, aided by a ...Reuters
Thu, May 15
Canadian Indigenous group to buy $511-million stake in Enbridge's Westcoast pipeline
Sale marks Enbridge's fourth equity deal with First NationsIndigenous consortium will receive C$400 million in federal loan guaranteesCanada's energy sector sees Indigenous co-ownership as a pathway to oil and gas developmentBy Amanda Stephenson May 15 (Reuters) - Canadian pipeline operat...Reuters
Thu, May 15
WTI Crude consolidates near $61 after sharp drop, pressured by rising stockpiles and Iran outlook
West Texas Intermediate (WTI) Oil remains under pressure on Thursday, trading near $61.20 during the American session after declining for a second straight day. The commodity briefly fell over 3% earlier in the day before finding near-term support at the $60.00 psychological level.
Fxstreet
Thu, May 15
US EPA to rule on backlog of small refinery biofuel exemption requests, Zeldin says
About 161 applications await decisionsAction will affect market for renewable fuel creditsBig Oil, Farm Belt anticipate 2026 biofuel blending requirementsBy Stephanie Kelly and Jarrett Renshaw NEW YORK, May 15 (Reuters) - The Trump administration plans to rule quickly on dozens of small U.S. ...Reuters
Thu, May 15
US Cash Grains-Spot corn basis flat to up at river terminals, steady to down at processors
CHICAGO, May 15 (Reuters) - Spot basis bids for corn were mostly steady to higher at U.S. Midwest river terminals on Thursday, and flat to down at processors. Spot basis bids for soybeans were steady to higher at river terminals. The corn basis rose by 3 cents at a river terminal in Davenport, Iowa ...Reuters
Thu, May 15
Estonia says Russia sent jet after attempt to stop sanction-breaking ship
Estonian navy says tanker stopped as sailing without a flagWest says Moscow running 'shadow fleet' to bust sanctionsRussia has warned West against restricting its ships in BalticRussian fighter jet violated NATO territory, Estonia saysEstonian navy escorted vessel to Russian watersBy Andrius...Reuters
Thu, May 15
US Virgin Islands ship registry plan will strengthen US shipping, governor says
By Jonathan Saul LONDON, May 15 (Reuters) - A proposal to create a new international U.S. ship registry domiciled in the U.S. Virgin Islands aligns with President Donald Trump's efforts to strengthen the country's maritime industry and has support from the territory, its governor said.Pre...Reuters
Thu, May 15
Europe Gasoline/Naphtha-Gasoline refining margins fall
LONDON, May 15 (Reuters) - Northwest European gasoline profit margins fell by nearly 73 cents to $14.35 a barrel on Thursday despite lower stocks in northwest Europe. A total of 8,000 metric tons of Eurobob E5 barges traded in the Argus window on Thursday, with Gunvor, Trafigura and Litasco selling ...Reuters
Thu, May 15
Black Sea CPC Blend daily oil exports to rise in June, sources say
LONDON/MOSCOW, May 15 (Reuters) - Black Sea CPC Blend crude oil exports are pencilled in at around 1.6 million-1.7 million barrels per day (bpd) in June, five trading sources with knowledge of the month's loadings told Reuters.At that level, loadings will be higher than the approximately 1.5 mil...Reuters
Thu, May 15
Mali hearing on Barrick's Loulo-Gounkoto mines postponed to May 22
Operations at mining complex halted after Mali seized 3 metric tons of goldBarrick and Mali negotiating memorandum of understanding to resolve mining disputeMali holds 20% stake in Loulo-Gounkoto gold mining complex BAMAKO, May 15 (Reuters) - A Malian court hearing scheduled for Thursday on wheth...Reuters
Thu, May 15
