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TotalEnergies, BWEnergy set to decide on Namibia projects late next year, govt official says
Namibia hopes for joint plan to monetize gasTotalEnergies said it needs to reinject gas into oil fieldTotal to submit development plan in June or July -Namibia saysNamibia expects first oil in 2029-2030By America Hernandez PARIS, May 13 (Reuters) - Namibia expects a final investment decision (FID...Reuters
Tue, May 13
GRAINS-Soybeans fall from peak on profit-taking, wheat hits new lows
Corn, soy tick lower on technical tradingWheat bounces after hitting contract lowsBy Heather Schlitz CHICAGO, May 13 (Reuters) - Chicago soybeans edged down on profit taking on Tuesday after hitting a three-month high in the previous session on a temporary truce in the U.S.-China trade war and a ...Reuters
Tue, May 13
Copec says China pulp market could be challenging in face of US tariffs
May 13 (Reuters) - Chilean industrial conglomerate Empresas Copec COPEC.SN said on Tuesday that the Chinese market for its forestry products could become more challenging if paper makers struggle to boost sales amid uncertainty over U.S. tariff policies.In Europe, meanwhile, uncertainty and concerns...Reuters
Tue, May 13
Goldman Sachs sees upside risk to Brent, WTI oil price forecasts
May 13 (Reuters) - Goldman Sachs estimates around $3-4 per barrel of upside risk to its Brent and WTI oil price forecast of $60/bbl and $56/bbl respectively for the rest of 2025, and $56/bbl and $52/bbl respectively in 2026 from recent trade de-escalation, it said in a note on Tuesday.Reuters
Tue, May 13
FACTBOX-What's in the Republican tax and spending plan
By Andy Sullivan WASHINGTON, May 13 (Reuters) - Republicans in the U.S. Congress are advancing a sweeping budget package that would fulfill President Donald Trump's calls to cut taxes and reduce spending, though details still need to be resolved. Here are major elements of the package, al...Reuters
Tue, May 13
UK's TRA recommends country-specific quota caps on steel imports
LONDON, May 13 (Reuters) - Britain's Trade Remedies Authority (TRA) has recommended on Tuesday that country-specific quota caps should be imposed on certain categories of steel imported to the UK to help defend the country's steel-production industry.The government body said in statement the...Reuters
Tue, May 13
METALS-Temporary US-China trade truce, weaker dollar drive copper to six-week high
By Ashitha Shivaprasad May 13 (Reuters) - Copper prices rose on Tuesday after the United States said it would cut some tariffs on imports from China, where inventories have dropped significantly. Benchmark copper CMCU3 on the London Metal Exchange was up 0.8% at $9,594.50 a metric ton by 1550 GMT...Reuters
Tue, May 13
US farmers say Brazil keeps edge in China's soy market despite trade truce
US and China slash tariffs in 90-day trade truceFarmers worry about Beijing's remaining duty on US soyUS farmers face competition for sales from BrazilBy Tom Polansek CHICAGO, May 13 (Reuters) - A surprising tariff pause between Beijing and Washington will not help U.S. farmers revive soy sal...Reuters
Tue, May 13
Mexico to tighten cattle flows from south, rules out shutting border over screwworm
MEXICO CITY, May 13 (Reuters) - Mexico will tighten the flow of cattle from the south of the country to limit the potential spread of the screwworm, the nation's agriculture minister said on Tuesday.The screwworm, which can kill cattle or other hosts within weeks, has recently been detected in t...Reuters
Tue, May 13
India's Dalmia Bharat Sugar posts rise in quarterly profit on higher sugar demand
May 13 (Reuters) - India's Dalmia Bharat Sugar and Industries DLMI.NS posted an over two-fold rise in its fourth-quarter profit on Tuesday, helped by higher sugar demand amid resumption of exports.The company reported a net profit after tax of 2.06 billion rupees ($24.15 million) for the quarter...Reuters
Tue, May 13
US imposes sanctions on network sending Iranian oil to China
WASHINGTON, May 13 (Reuters) - The U.S. on Tuesday imposed sanctions on a shipping network it says has sent millions of barrels of Iranian oil to China, the State Department said, days after Iran and U.S. negotiators concluded a fourth round of nuclear talks in Oman. The sale of the oil helped fun...Reuters
Tue, May 13
Novelis expects EU to impose export tariff on aluminium scrap this year
LONDON, May 13 (Reuters) - Europe's aluminium industry expects the European Union to impose export tariffs on aluminium scrap this year to protect the recycling industry from outflows from Europe, Emilio Braghi, president of Novelis Europe, said on Tuesday. The outflow of aluminium scrap from th...Reuters
Tue, May 13
Silver trims early gains, holds above 50-day EMA as weak US CPI tempers Fed tightening bets
Silver (XAG/USD) is hovering above the 50-day Exponential Moving Average (EMA) near $32.50 at the time of writing on Tuesday. However, the white metal experienced notable volatility, initially rallying close to 2% during the Asian session.
Fxstreet
Tue, May 13
Aramco to sign MoUs with NextDecade, Sempra for 6.2 million tons of LNG
By Yousef Saba and Nafisa Eltahir RIYADH, May 13 (Reuters) - Saudi Aramco will sign on Tuesday memoranda of understanding with U.S. liquefied natural gas producer NextDecade NEXT.O and utility firm Sempra SRE.N, Aramco's chief executive said, as the oil giant expands in the LNG market."Th...Reuters
Tue, May 13
US natgas prices edge up on output decline
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 13 (Reuters) - U.S. natural gas futures edged up about 1% on Tuesday on a drop in output in recent weeks.That small price increase came despite fo...Reuters
Tue, May 13
U.S. Trump, Saudi crown prince sign economic partnership agreement
DUBAI, May 13 (Reuters) - U.S. President Donald Trump and Saudi Crown Prince Mohammed bin Salman, known as MbS, signed on Tuesday a strategic economic partnership agreement in Riyadh during Trump's regional visit.The partnership includes agreements for energy, mining, and defense.Reuters
Tue, May 13
Aramco to sign MoUs with NextDecade and Sempra, CEO says
RIYADH, May 13 (Reuters) - Saudi oil giant Aramco will sign on Tuesday memoranda of understanding with U.S. liquefied natural gas producer NextDecade NEXT.O and utility firm Sempra SRE.N, Aramco's CEO Amin Nasser told the U.S.-Saudi Investment Forum.Reuters
Tue, May 13
CBOT Trends-Wheat steady-down 7 cents, corn steady-down 4, soybeans steady-down 5
CHICAGO, May 13 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday. WHEAT - Steady to down 7 cents per bushel* CBOT wheat futures fell as the U.S. dollar was higher and the U.S. ...Reuters
Tue, May 13
Motiva Port Arthur, Texas Plant Reports Spill on May 12
May 13 (Reuters) - MOTIVA: MOTIVA PORT ARTHUR, TEXAS REFINERY REPORTS ON MAY 12, THE MANUFACTURING COMPLEX EXPERIENCED LOSS OF PRIMARY CONTAINMENT AT VACUUM PIPE STILL No. 4 THAT RESULTED IN A SPILL GREATER THAN 5 BARRELS AND AIR EMISSIONS IN EXCESS OF REPORTABLE QUANTITIESSOURCE: TEXAS COMMISSION O...Reuters
Tue, May 13
