News
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Democratic state attorneys general sue to block Trump's energy emergency
By Tom Hals WILMINGTON, DEL., May 9 (Reuters) - Fifteen state attorneys general sued President Donald Trump on Friday to try to block his national energy emergency, which the states said is an unlawful effort to disregard regulations and fast-track permitting for oil and gas development.The Democ...Reuters
Fri, May 9
US Cash Crude-Grades mixed as energy firms cut oil rig count
May 9 (Reuters) - U.S. cash crude differentials were mixed on Friday, with Light Louisiana Sweet strengthening slightly, dealers said, as U.S. energy firms cut the number of oil rigs operating.The oil rig count fell by five to 474 this week, their lowest since January, energy services firm Baker Hug...Reuters
Fri, May 9
Mexico's Pemex says it addressed a leak from a Gulf of Mexico pipeline
MEXICO CITY, May 9 (Reuters) - Mexican state energy company Pemex said on Friday that it addressed a hydrocarbon leak from a pipeline that transports crude oil from the Akal-C platform in the Gulf of Mexico to the maritime terminal in the port of Dos Bocas.Pemex, which had said on Wednesday evening ...Reuters
Fri, May 9
Oil prices post weekly gains on US-China trade talk optimism
All eyes on US-China trade talks in Switzerland after US-UK dealTrump says 80% tariff on China 'seems right'Rising Middle East tensions also support oil pricesOPEC oil output edged lower in April, Reuters survey findsBy Shariq Khan NEW YORK, May 9 (Reuters) - Oil prices settled nearly 2% ...Reuters
Fri, May 9
CBOT wheat notches contract lows as traders short sell
May 9 (Reuters) - Chicago Board of Trade wheat futures sank to lifetime lows on Friday as good weather in the U.S. Plains and lackluster export demand prompted traders and commodity funds to add to already-large short positions. Chinese buyers bought between 400,000 and 500,000 metric tons o...Reuters
Fri, May 9
GRAINS-Chicago soybeans, corn higher ahead of US-China trade talks
Corn and soybeans higher on hopes for upcoming trade talksWheat notches new lows on beneficial U.S. weatherBy Heather Schlitz CHICAGO, May 9 (Reuters) - Chicago soybean and corn futures bounced on Friday as traders covered short positions ahead of Saturday's meeting between senior U.S. and Ch...Reuters
Fri, May 9
CBOT soybeans up ahead of US-China trade talks
CHICAGO, May 9 (Reuters) - Chicago Board of Trade soybean futures bounced on Friday as traders covered short positions ahead of Saturday's meeting between senior U.S. and Chinese officials that could contain a trade war between the world's two biggest economies. The weekend U.S.-China trade ...Reuters
Fri, May 9
ICE canola futures close up but almost flat for week
WINNIPEG, Manitoba, May 9 (Reuters) - ICE canola futures had a strong day on Friday, but were only marginally higher for the week. • July futures RSN5 are at their highest since November 2023. November futures RSX5 are at their highest since May 2024.• July canola settled up $11.20 at $712.10 per ...Reuters
Fri, May 9
CBOT corn futures higher on short covering
CHICAGO, May 9 (Reuters) - Chicago Board of Trade corn futures bounced on Friday as traders covered short positions ahead of Saturday's meeting between senior U.S. and Chinese officials and ahead of a widely tracked U.S. Department of Agriculture report on Monday, analysts said.The weekend U.S.-...Reuters
Fri, May 9
Trump administration considers orders expediting nuclear plant construction, NYT reports
May 9 (Reuters) - U.S. President Donald Trump's administration is considering several executive orders to expedite the construction of nuclear power plants, the New York Times reported on Friday, citing drafts it has reviewed.Reuters
Fri, May 9
US natgas prices jump 6% to one-month high on lower output, rising LNG export flows
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 9 (Reuters) - U.S. natural gas futures jumped about 6% to a one-month high on Friday on a drop in output in recent weeks and forecasts for more de...Reuters
Fri, May 9
US oil and gas rig count falls to lowest since January, Baker Hughes says
Total rig count falls six to 578, oil down five, gas steady Gulf of Mexico rig count drops to lowest since September 2021Permian shale rig count hits lowest since December 2021By Scott DiSavino May 9 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating to ...Reuters
Fri, May 9
PRECIOUS-Gold rises as dollar eases ahead of US-China trade talks
Ahead of key China talks, Trump says 80% tariff 'seems right'US dollar down 0.3% India demand slows, China purchases seen up post holidayFed's Barr: tariffs to boost inflation, slow growth By Ashitha Shivaprasad and Sarah Qureshi May 9 (Reuters) - Gold rose over 1% on Friday as the do...Reuters
Fri, May 9
San Francisco's commuter trains stopped for four hours by computer outage
By Judith LangowskiSAN FRANCISCO, May 9 - A computer outage knocked out train service in the San Francisco Bay area for about four hours on Friday morning, causing headaches for some commuters in the high-tech capital. The Bay Area Rapid Transit agency suspended train service systemwide around 5 a.m...Reuters
Fri, May 9
White House says: no operational impact at Newark airport
WASHINGTON, May 9 (Reuters) - There was a technical glitch at Newark's airport and federal authorities are working to address it, White House press secretary Karoline Leavitt told reporters on Friday.She said officials from the Transportation Department and the Federal Aviation Authority were wo...Reuters
Fri, May 9
Euronext wheat hovers around contract lows
PARIS, May 9 (Reuters) - European wheat futures were little changed on Friday to remain around contract lows as beneficial rain in U.S. and Russian plains curbed the market while traders awaited further direction from U.S.-China trade talks and world crop forecasts from the U.S. government.September...Reuters
Fri, May 9
Europe Gasoline/Naphtha-Gasoline refining margins end week higher
LONDON, May 9 (Reuters) - Northwest European gasoline profit margins rose by about 55 cents to $15.92 a barrel on Friday, ending the week around 6.4% higher.A total of 8,000 metric tons of Eurobob E5 barges traded in the Argus window on Friday, with Gunvor selling to BP, Shell and TotalEnergies.No E...Reuters
Fri, May 9
US oil and gas rig count falls to lowest since January, Baker Hughes says
By Scott DiSavino May 9 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output,...Reuters
Fri, May 9
US Cash Grains-Spot corn basis mixed, soybean basis steady to down
CHICAGO, May 9 (Reuters) - Spot basis bids for corn were mixed at U.S. Midwest elevators and processors on Friday, while basis bids for soybeans were steady to down at processors. The corn basis fell by 2 cents a bushel at a processor in Cedar Rapids, Iowa, and also rose by 2 cents at an elevator in...Reuters
Fri, May 9
