News
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GRAINS-Soybeans ease from three-month peak, wheat hits lowest since 2020 on supply pressure
By Ella Cao and Gus Trompiz BEIJING/PARIS, May 13 (Reuters) - Chicago soybeans edged down on Tuesday after hitting a three-month high in the previous session following a temporary truce in the U.S.-China trade war and a bullish U.S. Department of Agriculture report.Wheat futures extended losses t...Reuters
Tue, May 13
PRESS DIGEST-Canada - May 13
May 13 (Reuters) - The following are the top stories from The Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- The head of Trans Mountain, Mark Maki, is optimistic that a new pipeline to carry landlocked crude to a Canadian coast can be...Reuters
Tue, May 13
U.S. nuclear power plant outages
May 13 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total ...Reuters
Tue, May 13
RPT-COLUMN-Trade truce won't resurrect China's imports of US energy: Russell
By Clyde Russell LAUNCESTON, Australia, May 13 (Reuters) - The move by the United States and China to reduce import tariffs on each other and negotiate has been broadly welcomed by markets, but the de-escalation will do very little to restore the trade in energy commodities.The truce between the ...Reuters
Tue, May 13
PRECIOUS-Gold regains some ground as dollar eases, trade optimism fades
Gold fell to more than one-week low on MondayUS and China reach deal to temporarily slash tariffsFocus on US CPI data due at 1230 GMTBy Brijesh Patel May 13 (Reuters) - Gold prices rose on Tuesday as the dollar crept lower and initial optimism over a trade truce between the United States and Chin...Reuters
Tue, May 13
UK chips supplier IQE could move some production to US on tariff concerns
IQE considers dual sourcing to mitigate tariff impactCEO Meier discusses potential US production moveCEO says a full sale of Taiwan ops makes timing senseBy Yadarisa Shabong May 13 (Reuters) - Apple supplier IQE IQE.L is looking at moving some production to the United States and considering dual ...Reuters
Tue, May 13
RPT-COLUMN-World corn supplies set for 12-year lows despite massive US crop: Braun
By Karen Braun NAPERVILLE, Illinois, May 12 (Reuters) - U.S. farmers are poised to reap a record corn crop in the upcoming 2025-26 cycle.Additionally, combined output among key corn exporters in South America is also slated for an all-time high in 2025-26.But the U.S. Department of Agriculture pr...Reuters
Tue, May 13
Kayne Anderson raises $2.25 billion for third energy income fund
Raising tops original target of $1.5 billionFunds to be invested in oil and gas assets with steady outputLargest energy income fund ever raised by Kayne AndersonBy David French May 13 (Reuters) - Kayne Anderson has closed its third energy income fund with $2.25 billion of total capital committed,...Reuters
Tue, May 13
RPT-Britain's Tesco has no plans to source American beef
LONDON, May 13 (Reuters) - Tesco TSCO.L, Britain's biggest supermarket group, has no plans to source American beef despite last week's U.S.-UK trade deal giving the product access to the UK market.The deal gave U.S. farmers a quota of 13,000 metric tonnes for beef which meets UK standards, w...Reuters
Tue, May 13
Vitol and Grindrod announce solvent wind-down of Cockett
May 13 (Reuters) - VITOL:VITOL AND GRINDROD ANNOUNCE SOLVENT WIND-DOWN OF COCKETTVITOL: ANTICIPATES PAYMENT OF RELEVANT RECEIVABLES DUE FROM CUSTOMERS WITHIN A SIMILAR TIMEFRAMEVITOL: COCKETT ANTICIPATES ALL RELEVANT SUPPLIERS WILL BE PAID IN FULL WITHIN NEXT 60 DAYSVITOL: COCKETT TO CONTINUE TO PER...Reuters
Tue, May 13
Britain's Tesco has no plans to source American beef
LONDON, May 13 (Reuters) - Tesco TSCO.L, Britain's biggest supermarket group, has no plans to source American beef despite last week's U.S.-UK trade deal giving the product access to the UK market.The deal gave U.S. farmers a quota of 13,000 metric tonnes for beef which meets UK standards, w...Reuters
Tue, May 13
Ichthys LNG run rate near full capacity as of end-April, says Inpex exec
Ichthys run rate fell to 80-90% in mid-April due to glitchMaintenance planned at Ichthys from mid-August to OctoberCuts Inpex's 2025 profit estimate by 9% due to lower oil pricesBy Yuka Obayashi TOKYO, May 13 (Reuters) - The run rate at the Ichthys liquefied natural gas (LNG) plant in Austral...Reuters
Tue, May 13
WTI extends winning streak on US-China trade truce
West Texas Intermediate (WTI), futures on NYMEX, extends its winning streak for the fourth trading session on Tuesday. The Oil price climbs to near $62.00 as the 90-day agreement between the United States (US) and China to reduce tariffs substantially by 115% has boosted its demand outlook.
Fxstreet
Tue, May 13
Venture Global says Q1 revenue $2.89 billion versus ibes estimate $2.76 billion
May 13 (Reuters) - Venture Global Inc VG.N:VENTURE GLOBAL Q1 REVENUE $2.89 BILLION VERSUS IBES ESTIMATE $2.76 BILLIONVENTURE GLOBAL Q1 EPS $0.15VENTURE GLOBAL OUTLOOK 2025 CONSOL ADJUSTED EBITDA $6.4 BILLION- $6.8 BILLIONVENTURE GLOBAL: EXPECTS TO EXPORT 145-150 CARGOS FROM CALCASIEU PROJECT AND 222...Reuters
Tue, May 13
Gold price under pressure after announcement of tariff suspension – Commerzbank
The price of Gold fell by up to 3.5%, or more than $100, to just over $3,200 per troy ounce following the news of the temporary lifting of most of the reciprocal tariffs between the US and China, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Tue, May 13
LNG firm Venture Global forecasts full-year core profit above expectations
May 13 (Reuters) - Venture Global VG.N forecast higher-than-expected current-year core profit on Tuesday, on the back of higher LNG demand and shipments from its projects.The U.S. became the world's biggest LNG supplier in 2023, surpassing Australia and Qatar, as surging global prices fed demand...Reuters
Tue, May 13
US farmers say Brazil still has edge in China's soybean 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 gain soy sales...Reuters
Tue, May 13
