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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
FEMA chief says agency will raise state burden for disasters to 50%
By Leah Douglas and Nathan Layne May 15 (Reuters) - David Richardson, the new head of the Federal Emergency Management Agency, said on Thursday that states would in the future bear half the costs for responding to natural disasters, up from 25% under current cost-sharing levels.Richardson, who to...Reuters
Thu, May 15
Gold price skyrockets on soft US data, falling US yields and geopolitical jitters
Gold price rallied sharply on Thursday after hitting a weekly low of $3,120, posting solid gains of over 1.40%, boosted by broad US Dollar weakness due to a nifty Producer Price Index (PPI) report in the United States (US).
Fxstreet
Thu, May 15
ICE canola futures fall with vegoils
WINNIPEG, Manitoba, May 15 (Reuters) - ICE canola futures were pulled down by a plunge in Chicago soyoil and weakness in other vegoils on Thursday.• July canola RSN5 settled down $27.10 at $694.40 per metric ton. November RSX5 fell $24 to $668.10. All contract months to May 2026 were down more than ...Reuters
Thu, May 15
GRAINS-Soybeans drop from 10-month high as biofuel guidance pressures soyoil
Soybean futures fall as soyoil futures plummetCorn futures mixed amid ideal planting, growing weatherWheat gains on uptick in demand By Heather Schlitz CHICAGO, May 15 (Reuters) - Chicago soybean futures on Thursday plummeted from the previous session's 10-month high, pressured by a sharp dro...Reuters
Thu, May 15
TABLE-Mexico's Pemex sets June Maya price for international buyers
May 15 - Mexican state oil company Pemex revised its June term pricing formulas for crude shipped to customers in the Americas, Europe and Asia, the company's trading arm said on Thursday.The following table lists adjustments to price constants for Pemex's flagship Maya heavy crude oil, as w...Reuters
Thu, May 15
CBOT wheat tips higher on uptick in buying demand
May 15 (Reuters) - Chicago Board of Trade wheat futures rose on Thursday as low prices triggered a swell of buying demand for cheap U.S. wheat. The wheat yield potential in Kansas was estimated at 53.0 bushels per acre on Thursday by crop scouts on an annual Wheat Quality Council tour, the highest s...Reuters
Thu, May 15
CBOT soybeans plummet as soyoil falls to daily limit
CHICAGO, May 15 (Reuters) - Chicago Board of Trade soybean futures on Thursday plummeted from the previous session's 10-month high, pressured by a sharp drop in soyoil caused by concerns over U.S. biofuel targets, traders said.The most-active soyoil futures BOcv1 on the Chicago Board of Trade fe...Reuters
Thu, May 15
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
