News
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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.
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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
Chevron, European firms lobby to keep stakes in Venezuela oil joint ventures
More clarity needed to complete closure of activities, experts saySome firms willing to sacrifice exports if they can preserve joint venture stakesChevron not giving up on convincing Trump that presence in Venezuela key for energy security May 15 (Reuters) - U.S. oil producer Chevron Corp CVX.N ...Reuters
Thu, May 15
EU wheat rises after Chicago boost, strong demand supports
PARIS, May 15 (Reuters) - European wheat prices edged higher on Thursday, supported by a rise in U.S. markets, dry weather in northern Europe and strong international demand, although Saudi Arabia's tender and Algeria's large purchase were seen benefiting Black Sea origins.Benchmark Septembe...Reuters
Thu, May 15
METALS-Fading optimism over US-China tariffs pause drives copper lower
By Polina Devitt LONDON, May 15 (Reuters) - Copper fell on Thursday as optimism about a 90-day pause agreed by Beijing and Washington on most of their retaliatory tariffs started to fade and concerns about longer-term demand prospects returned.Benchmark three-month copper CMCU3 on the London Meta...Reuters
Thu, May 15
North Sea Crude-WTI offered without trading, Forties steady
LONDON, May 15 (Reuters) - U.S. WTI Midland crude was offered on Thursday at similar levels to the previous session without finding a buyer, while Forties and other North Sea grades were steady. PLATTS WINDOW* Indications are on a free-on-board (FOB) basis unless marked as cost, insuranc...Reuters
Thu, May 15
GRAINS-Soybeans drop from 10-month high as biofuel guidance pressures soyoil
Soybean futures fall as soyoil futures plummetCorn tips down on 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 drop ...Reuters
Thu, May 15
Global oil supply to rise faster than expected after OPEC+ hike, IEA says
Hikes 2025 global supply growth forecast by 380,000 bpd Oil demand growth to slow to 650,000 bpd in rest of yearExpects lower oil prices to hit US shale oil output growthRevises up 2025 total demand forecast By Robert Harvey and Enes Tunagur LONDON, May 15 (Reuters) - World oil supply will rise m...Reuters
Thu, May 15
Trump officials back steeper Medicaid, food stamp work requirements
By Leah Douglas WASHINGTON, May 15 (Reuters) - The U.S. Congress should enact steeper work requirements for Medicaid and food aid in a tax cut and spending plan being advanced by Republicans, four senior Trump administration officials said in a New York Times opinion column.Republicans on Wednesd...Reuters
Thu, May 15
Mali hearing on whether to reopen Barrick's Loulo-Gounkoto mines under provisional administration postponed to May 22
BAMAKO, May 15 (Reuters) - A Malian court hearing scheduled for Thursday on whether to reopen Barrick Mining's ABX.TO Loulo-Gounkoto mining complex under provisional administration has been postponed to May 22, the president of the court said on Thursday.Reuters
Thu, May 15
Deere Exec Says Global Uncertainty Continues To Weigh On Customer Sentiment-- Conf. Call
May 15 (Reuters) - Deere & Co DE.N:DEERE EXEC: GLOBAL UNCERTAINTY CONTINUES TO WEIGH ON CUSTOMER SENTIMENT-- CONF. CALLDEERE CEO: PREPARED TO INVEST $20 BILLION IN US OVER NEXT DECADEDEERE EXEC: ECONOMIC UNCERTAINTY, HIGH INTEREST RATES PRESSURING ORDER ACTIVITY FOR CONSTRUCTION EQUIPMENTDEERE E...Reuters
Thu, May 15
US natgas prices slide 2% 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 slid about 2% to a two-week low on Thursday on a bigger-than-usual weekly storage build and forecasts for ...Reuters
Thu, May 15
Antofagasta's Zaldivar mine in Chile secures environmental approvals through 2028
SANTIAGO, May 15 (Reuters) - Antofagasta's ANTO.L Zaldivar copper mine in Chile has obtained an environmental approval from local authorities to extend operations through 2028, the London-listed miner said on Thursday. "Thanks to this resolution, Minera Zaldivar will be able to operate with ...Reuters
Thu, May 15
