News
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Canada's Indigenous alliance to buy stake in Enbridge's Westcoast system for $511 million
May 15 (Reuters) - Canada's Enbridge ENB.TO said on Thursday that Stonlasec8 Indigenous Alliance will buy a 12.5% stake in the pipeline operator's Westcoast system for C$715 million ($511.19 million), as Indigenous communities look to own stake in energy firms.The pipeline system stretches o...Reuters
Thu, May 15
RWE: no impairment need for US offshore projects
May 15 (Reuters) - RWE AG RWEG.DE:RWE CFO: WE DON'T SEE IMPAIRMENT NEED FOR US OFFSHORE PROJECTRWE CFO: GRID REGULATION IS NO HOLD-UP IN EFFORTS TO SELL AMPRION STAKERWE: Q1 WEATHER IMPACT WAS AROUND 150 MILLION EURRWE CFO: THERE IS CLEAR PUSH FROM SOME SHAREHOLDERS FOR MORE BUYBACKS, OTHER INVE...Reuters
Thu, May 15
US EPA sends biofuel-blending volume proposal to White House for review
NEW YORK, May 15 - The U.S. Environmental Protection Agency has sent a proposed rule to the White House for review on the amount of biofuels that oil refiners must blend into their fuel beginning in 2026.Under the Renewable Fuel Standard, oil refiners must blend billions of gallons of biofuels into ...Reuters
Thu, May 15
PRECIOUS-Gold steadies as dollar slips, investors await US data
US PPI data due at 1230 GMTPalladium market seen moving to balance, Johnson Matthey saysFocus on Powell's speech later on ThursdayBy Brijesh Patel and Ishaan Arora May 15 (Reuters) - Gold prices erased early losses to steady on Thursday, helped by a weaker dollar and technical buying as inves...Reuters
Thu, May 15
RPT-COLUMN-Light Chinese soy imports should raise eyebrows: Braun
By Karen Braun NAPERVILLE, ILLINOIS, May 14 (Reuters) - China’s soybean imports recently dipped to a 12-year low, and trade estimates suggest the overall intake pace could still be sluggish by mid-year. But top supplier Brazil has harvested a record crop and its latest export volumes to China hav...Reuters
Thu, May 15
Eni in talks with Ares fund over Plenitude stake sale, valuing unit at $13 billion
Eni enters exclusive talks with Ares over Plenitude stake saleAres on Wednesday announced opening of office in MilanPotential deal is part of Eni's satellite strategyMinority stake sales help Eni to fund low-carbon unit growthBy Francesca Landini MILAN, May 15 (Reuters) - Italian energy group...Reuters
Thu, May 15
GRAINS-Soybeans ease from 10-month high as soyoil slides
By Ella Cao BEIJING/PARIS, May 15 (Reuters) - Chicago soybean futures slipped from near 10-month highs on Thursday, pressured by a sharp drop for soyoil linked in turn to falling crude oil prices and concerns over the U.S. biofuel targets.The most-active soyoil futures BOcv1 on the Chicago Board ...Reuters
Thu, May 15
France's Engie slows US renewable projects on tariff uncertainty
By Forrest Crellin PARIS, May 15 (Reuters) - Engie ENGIE.PA is slowing new U.S. renewable energy projects due to uncertainty over tariffs on imported materials for solar installations and batteries, the French utility said on Thursday.U.S. President Donald Trump has imposed tariffs on top trade p...Reuters
Thu, May 15
Gold: Continues to trade with heavy bias – OCBC
Gold has continued to trade with a heavy bias as tariff de-escalation momentum gained pace, while Fed cut expectations was scaled back in terms of the timing of next cut and quantum. Gold was last at 3174.52 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.
Fxstreet
Thu, May 15
REFILE-COLUMN-Saudi oil price war looks like unspoken gift to Trump: Bousso
OPEC+ strategy helps lower oil prices at time of concerns over tariffsTrump reaffirms US ties with Saudi in lavish visit to kingdomSaudi oil exports to the US have declined in recent decadesBy Ron Bousso LONDON, May 15 - Oil barely garnered a mention from U.S. President Donald Trump during his gl...Reuters
Thu, May 15
Silver Price Forecast: XAG/USD finds temporary support below $32, outlook remains fragile
Silver price (XAG/USD) bounces back to near $32.00 during European trading hours on Thursday after sliding to near the monthly low around $31.65 earlier in the day. The outlook of the Silver price remains bearish as trade relations between the United States (US) and China have improved further.
Fxstreet
Thu, May 15
US would assess nuclear waste, plutonium for reactor fuel under draft order
Order calls for assessment of reprocessing of nuclear wasteExperts: reprocessing, plutonium use raise proliferation risksReprocessing ban overturned by Reagan but costs prevent use Uncertain whether orders will make it to Trump's deskBy Timothy Gardner WASHINGTON, May 15 (Reuters) - Nuclear w...Reuters
Thu, May 15
ANALYSIS-Trump's Qatari 747 may need fighter escorts to serve as Air Force One
Plane could be restricted to flying inside US unless significant upgrades made, experts sayTrump could waive specific safety requirements, if he choosesTrump has dismissed criticism of his plan to receive and use the planeBy Mike Stone, David Shepardson and Tim Hepher WASHINGTON, May 15 (Reuters)...Reuters
Thu, May 15
Stellantis chairman says fewer EU regulations would cut car costs
May 15 (Reuters) - Stellantis STLAM.MI chairman John Elkann said on Thursday in a joint appearance with Renault RENAS.PA CEO Luca de Meo that the European Union needs to cut regulations that are making cars, especially smaller models, too expensive."If we have less regulations, we can make sure ...Reuters
Thu, May 15
China's output cap to underpin aluminium despite trade wars
LME aluminium gained 7% last yearRecession risks could push aluminium prices below $2,000, Morgan Stanley saysAluminium could outperform copper this year, analyst says By Ashitha Shivaprasad May 15 (Reuters) - Weakness in aluminium demand linked to trade tensions will likely weigh on prices this ...Reuters
Thu, May 15
Turkey's Erdogan to urge ceasefire without delay in Zelenskiy talks
ANKARA, May 15 (Reuters) - President Tayyip Erdogan will emphasise in talks with Ukrainian President Volodymyr Zelenskiy on Thursday Turkey's view that there should be a ceasefire and peace talks without delay to end the war with Russia, Erdogan's office said.Erdogan will discuss with Zelens...Reuters
Thu, May 15
Kazakhstan's TCO increases oil output by 25% in the first quarter
MOSCOW, May 15 (Reuters) - Kazakhstan's Tengizchevroil (TCO) increased its oil output at the giant Tengiz oil field by 25% in the first quarter of 2025 to 74.5 million barrels, or 9.37 million metric tons, it said in its quarterly report on Thursday.Tengizchevroil is owned by Chevron CVX.N with ...Reuters
Thu, May 15
