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Mexico's Pemex plans to export less crude oil as new refinery starts up, official says
By Adriana BarreraMEXICO CITY, May 12 (Reuters) - The trading arm of Mexico's state company Pemex, PMI, is anticipating a reduction in crude oil exports this year as more will be sent to local refineries, especially the new Olmeca refinery, a company director said on Monday. Once the country'...Reuters
Mon, May 12
Power Up: Oil bounces on tariff truce
May 12 (Reuters) - By Liz HamptonU.S. energy markets editor Hello Power Up readers! Oil prices are up more than 3% this morning after the United States and China agreed to a temporary deal on tariffs. This comes as oil prices posted a 4% gain last week, their first weekly increase since mid-...Reuters
Mon, May 12
StoneX to acquire French grain broker Plantureux
PARIS, May 12 (Reuters) - U.S.-based StoneX Group SNEX.O said on Monday it has agreed to acquire French grain brokerage Plantureux et Associes as it seeks to expand in agricultural commodity markets in Europe.The agreement also marks a further consolidation step for financial services firm StoneX af...Reuters
Mon, May 12
Mexico has exported some diesel from Dos Bocas, head of Pemex's trading arm says
MEXICO CITY, May 12 (Reuters) - Mexico has exported several cargoes of diesel reprocessed in its new Olmeca refinery in the port of Dos Bocas, the head of the international trading arm of state energy company Pemex said on Monday.Reuters reported in April that two tankers with ultra-low sulfur diese...Reuters
Mon, May 12
US House tax panel proposes cuts to Biden-era climate subsidies
May 12 (Reuters) - The U.S. House Ways and Means Committee issued a budget proposal that would phase out or cancel lucrative tax credits from former President Joe Biden's signature climate law, according to a draft reviewed by Reuters on Monday.The proposal, for example, would end a consumer-fac...Reuters
Mon, May 12
Growth in nuclear construction spurs increased sector specialisation among brokers and insurers
By Isha MaratheMay 1 - (The Insurer) - As mothballed nuclear reactors in the U.S. are dusted off with capital injections from Big Tech to serve the ever-growing energy demands of the public, the new sector heads at Marsh and WTW are preparing for an influx of growth in nuclear construction and subs...Reuters
Mon, May 12
U.S. nuclear power plant outages
May 12 (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
Mon, May 12
US House targets big climate, clean energy rollbacks in budget proposal
By Valerie Volcovici WASHINGTON, May 12 (Reuters) - U.S. House lawmakers laid out plans on Sunday to phase out key clean energy tax credits, as well as slash billions in spending related to electric vehicles and renewable energy, fast-track gas exports and claw back unspent climate-related funds ...Reuters
Mon, May 12
US natgas prices drop 4% on rising output, lower flows to LNG export plants
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 12 (Reuters) - U.S. natural gas futures fell about 4% on Monday on a rise in output in recent days coupled with a decline in gas flows to liquefie...Reuters
Mon, May 12
Mexico disagrees with US suspension of Mexican cattle imports over screwworm, president says
MEXICO CITY, May 12 (Reuters) - Mexican President Claudia Sheinbaum said on Monday that her nation did not agree with the U.S.' decision to suspend Mexican imports of cattle, horses and bison over the presence of the New World screwworm, adding that Mexico had shown collaboration in eradicating ...Reuters
Mon, May 12
Aramco executive says oil demand could see additional upside if tariff disputes are resolved
By Manya Saini and Hadeel Al Sayegh DUBAI, May 12 (Reuters) - Saudi oil giant Aramco 2222.SE, a longtime cash cow for the kingdom, expects oil demand to remain resilient this year and sees further upside if the U.S. and China successfully resolve their trade dispute.Washington and Beijing agreed ...Reuters
Mon, May 12
Iraq to reduce crude oil exports in May and June, official says
LONDON, May 12 (Reuters) - Iraq is set to export 3.2 million barrels per day of crude oil in May and June, an Iraqi official with knowledge of the matter told Reuters, in what would amount to a significant reduction from previous months.The lower export plan is part of Iraq's efforts to deliver ...Reuters
Mon, May 12
As Brazilian president visits China, $1 billion sustainable fuel deal announced
SAO PAULO, May 12 (Reuters) - Brazil announced two Chinese partnerships on Monday, including a $1 billion investment by China's Envision Energy to produce sustainable aviation fuel, as the country's president visits China.President Luiz Inacio Lula da Silva met with energy companies as well ...Reuters
Mon, May 12
Aramco executive says oil demand could see additional upside if tariff disputes are resolved
DUBAI, May 12 (Reuters) - Saudi oil giant Aramco 2222.SE, a longtime cash cow for the kingdom, expects oil demand to remain resilient this year and sees further upside if the U.S. and China successfully resolve their trade dispute."We expect demand will continue to be steady and growing compared...Reuters
Mon, May 12
CBOT Trends-Wheat steady-down 1 cent, corn up 4-6, soybeans up 16-20
CHICAGO, May 12 (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 Monday.WHEAT - Steady to down 1 cent per bushel* CBOT wheat futures fell on weak export demand, according to analysts, and ...Reuters
Mon, May 12
COMMODITIES-Oil jumps, soy rises as US-China tariff pause brings relief
Crude oil futures rise more than 3%Soybean futures trading at highest in over three monthsSpot gold prices fall on drop in safe-haven demandBy Seher Dareen May 12 (Reuters) - Oil prices jumped more than 3% on Monday while soybeans traded at close to their highest in over three months after the Un...Reuters
Mon, May 12
Saudi Aramco Exec Says Despite Recent Market Volatility, Oil Market Fundamentals Remain Sound - Conf Call
May 12 (Reuters) - Saudi Arabian Oil Co 2222.SE:SAUDI ARAMCO EXEC SAYS DESPITE RECENT MARKET VOLATILITY, OIL MARKET FUNDAMENTALS REMAIN SOUND - EARNINGS CONFERENCE CALLSAUDI ARAMCO EXEC: CURRENTLY, IT IS PREMATURE TO ASSESS THE FULL IMPACT OF TRADE NEGOTIATIONS, AS THERE ARE MANY MOVING PARTSARAMCO ...Reuters
Mon, May 12
INSIGHT-Prospects of Saudi ties to Israel elusive as Trump seeks $1 trillion bonanza
Saudi-Israel normalization stalled due to Gaza conflictFocus of Trump visit to Riyadh is on investments, arms deals, and AI collaborationsVisit aims to counter China’s rising clout in regionBy Samia Nakhoul, Humeyra Pamuk and Alexander Cornwell WASHINGTON/DUBAI, May 11 (Reuters) - When U.S. Presi...Reuters
Mon, May 12
US customers should get Chinese rare earth permits more easily after trade truce, say sources
BEIJING, May 12 (Reuters) - Rare earth export permits for U.S. customers are likely to have an easier time getting approval from Beijing after Monday's trade war truce, however a complete removal of the restrictions is unlikely, according to two sources in the industry in China.Reuters
Mon, May 12
