News
Important Only
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
Oil prices benefit from easing of trade conflict – Commerzbank
The surprising announcement of a significant reduction in reciprocal tariffs between the US and China led to a sharp rise in oil prices yesterday. Brent rose by up to 4% to more than $66 per barrel, WTI to $63.6 per barrel, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Tue, May 13
Idemitsu Cfo: U.s. Tariffs Are Expected To Reduce Our Profits By 40 Billion Yen In Fy2025/26
May 13 (Reuters) - Idemitsu Kosan Co Ltd 5019.T:IDEMITSU CFO: U.S. TARIFFS ARE EXPECTED TO REDUCE OUR PROFITS BY 40 BILLION YEN IN FY2025/26IDEMITSU PRESIDENT: WE ARE CONTINUING TALKS WITH OTHER SPONSORS AND VIETNAMESE GOVERNMENT TO REDUCE INTEREST BURDEN ON NGHI SON REFINERY PROJECT IN VIETNAMIDEMI...Reuters
Tue, May 13
RPT-GRAINS-Soybean futures stabilise on US-China trade war truce; wheat dips on USDA report
By Ella Cao and Lewis Jackson BEIJING, May 13 (Reuters) - Chicago soybean futures eased 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.The most-active CBOT soybean con...Reuters
Tue, May 13
South Korea battery materials maker POSCO Future M to raise $775 mln via share issue
SEOUL, May 13 (Reuters) - South Korean chemical and battery material maker, POSCO Future M 003670.KS, said on Tuesday it would issue new shares to raise around 1.1 trillion won ($775 million) to fund its expansion at home and abroad, including its joint venture factory with General Motors in Canada....Reuters
Tue, May 13
Shanghai copper rangebound as caution tempers US-China trade optimism
SINGAPORE, May 13 (Reuters) - Copper prices were rangebound on Tuesday, with the most-traded contract on the Shanghai Futures Exchange (SHFE) edging higher, as lingering caution tempered relief from a U.S.-China tariff truce aimed at easing trade tensions. The SHFE contract was up 0.1% at 78,090 yuaReuters
Tue, May 13
EUROPE GAS-Prices rangebound as the market eyes Russia-Ukraine news
LONDON, May 13 (Reuters) - Dutch and British gas prices were little changed on Tuesday morning with the market waiting for news from Ukraine-Russia peace talks later this week and as warm weather continued to limit demand.The benchmark Dutch front-month contract TRNLTTFMc1 was up 0.18 euro at 35.60 ...Reuters
Tue, May 13
RPT-METALS-Shanghai copper rangebound as caution tempers US-China trade optimism
SINGAPORE, May 13 (Reuters) - Copper prices were rangebound on Tuesday, with the most-traded contract on the Shanghai Futures Exchange (SHFE) edging lower, as lingering caution tempered relief from a U.S.-China tariff truce aimed at easing trade tensions. The SHFE contract was up 0.1% at 78,090 yuan...Reuters
Tue, May 13
China Minmetals unit sets sight on global potash assets with bid for Australian miner
Qinghai Salt Lake Industry aims to control Highfield Resources with a $300 million investmentDeal includes potash projects in Canada and SpainQinghai and Minmetals are developing a lithium-potassium hub in ChinaBy Aaditya GovindRao May 12 (Reuters) - A unit of state-owned China Minmetals plans to...Reuters
Tue, May 13
Inpex Executive: Alaska Lng Project Is Expected To Be Very Difficult To Make Profitable
May 13 (Reuters) - Inpex Corp 1605.T:INPEX EXECUTIVE: ALASKA LNG PROJECT IS EXPECTED TO BE VERY DIFFICULT TO MAKE PROFITABLEINPEX EXECUTIVE: DON'T BELIEVE ALASKA LNG IS A PROJECT THAT A PRIVATE COMPANY CAN UNDERTAKE WITH EXPECTATION OF MAKING IT PROFITABLEINPEX EXECUTIVE: ICHTHYS LNG IS SCHEDULE...Reuters
Tue, May 13
