News
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Russia and US are in talks on Russian gas flows to Europe, Kremlin says
MOSCOW, May 9 (Reuters) - The issue of Russian gas shipments to Europe is being discussed at talks between Russia and the United States, state news agency TASS quoted a Kremlin official as saying on Friday, confirming an exclusive report by Reuters a day earlier. Russian gas exports to Europe...Reuters
Fri, May 9
Russia and US are talking about Russian gas shipments to Europe, TASS quotes Kremlin as saying
MOSCOW, May 9 (Reuters) - The issue of Russian gas shipments to Europe is being discussed at talks between Russia and the United States, state news agency TASS quoted a Kremlin official as saying on Friday.Russian gas exports to Europe were slashed after the Nord Stream pipelines under the Baltic Se...Reuters
Fri, May 9
CBOT Trends-Wheat mixed, corn up 1-5, soybeans mixed
CHICAGO, May 9 (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 Friday.WHEAT - Down 1/2 cent to up 1 cent per bushel* CBOT wheat futures were mixed as the U.S. and China prepared for weeke...Reuters
Fri, May 9
US natgas prices climb 3% 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 climbed about 3% to a one-month high on Friday on a drop in output in recent weeks and forecasts for more d...Reuters
Fri, May 9
US federal regulators recommend Venture Global's CP2 get greenlight to proceed
HOUSTON, May 9 (Reuters) - U.S. federal regulators, in a final environmental report, recommend Venture Global LNG's CP 2 export project in Louisiana get the go-ahead, according to a document.Venture Global initially had approval to construct the 28 million tonnes per annum (MTPA) plant but was f...Reuters
Fri, May 9
COLUMN-A gallium lens on China's minerals dominance and how to break it: Andy Home
By Andy Home LONDON, May 9 (Reuters) - The price of gallium has been rising ever since China started restricting exports of the exotic metal in August 2023.This is not surprising since China has a near monopoly on global gallium production, just as it does across the critical materials spectrum. ...Reuters
Fri, May 9
China buys Canadian, Australian wheat as heat hits crop, traders say
By Michael Hogan, Peter Hobson and Gus Trompiz HAMBURG/CANBERRA/PARIS, May 9 (Reuters) - Chinese buyers bought between 400,000 and 500,000 metric tons of wheat from Australia and Canada in recent weeks, traders said, as heat threatens to damage crops in China’s agricultural heartlands.China is th...Reuters
Fri, May 9
International Paper Announces Facility Alignment In The Rio Grande Valley
May 9 (Reuters) - International Paper Co IP.N:INTERNATIONAL PAPER ANNOUNCES FACILITY ALIGNMENT IN THE RIO GRANDE VALLEY AS PART OF STRATEGIC GROWTH INITIATIVE IN NORTH AMERICAINTERNATIONAL PAPER CO - TO CONVERT EDINBURG SHEET PLANT INTO WAREHOUSEINTERNATIONAL PAPER CO - TO INVEST IN MCALLEN FACILITY...Reuters
Fri, May 9
Gold price with ups and downs, focus on upcoming trade talks – Commerzbank
The price of gold fell below $3,300 per troy ounce overnight, after it rose above the $3,400 mark on Tuesday, marking its highest level since reaching a record high two weeks earlier, Commerzbank's commodity analyst Carsten Fritsch notes.
Fxstreet
Fri, May 9
RPT-COLUMN-Indonesia coal exports post rare decline so far in 2025: Maguire
By Gavin MaguireLITTLETON, Colorado, May 9 (Reuters) - Indonesia's exports of thermal coal have dropped to their lowest in three years so far in 2025, dented by weak demand in China and India - the world's two largest coal consumers.The world's largest exporter of coal for power generati...Reuters
Fri, May 9
PRECIOUS-Gold gains as dollar slips, investors await US-China trade talks
Trump says China tariffs will likely come down from 145%Dollar down 0.3% against its rivalsGold up 2.5% so far this weekSeveral Fed officials scheduled to speak later in the dayBy Brijesh Patel May 9 (Reuters) - Gold prices rose on Friday and were headed for a weekly gain, supported by a weaker d...Reuters
Fri, May 9
GLOBAL MARKETS-Trade hopes feed risk appetite, boosting stocks and bitcoin
World stocks near 6-week highs on trade optimismU.S. deal with UK is first since Trump's tariff pauseU.S. officials to meet with Chinese negotiators on SaturdayBitcoin leaps to highest since January; Brent crude up almost 2%Chip shares rise in Japan, Taiwan; China stocks struggleBy Nell Mackenzi...Reuters
Fri, May 9
GRAINS-Chicago soy, corn and wheat higher with trade talks, weather in focus
By Ella Cao and Gus Trompiz BEIJING/PARIS, May 9 (Reuters) - Chicago soybean, corn and wheat futures edged higher on Friday as looming U.S.-China talks raised hopes of an easing in trade tensions.A lower dollar =USD and brisk weekly U.S. exports also helped corn recover from a six-week low on Thu...Reuters
Fri, May 9
Aon pegs latest SCS losses in hundreds of millions of US dollars
By Rebecca DelaneyMay 9 - (The Insurer) - Severe convective storm (SCS) activity in the U.S. and Europe over the past week are expected to generate economic losses in the hundreds of millions, according to Aon's weekly cat report on Friday.Two severe weather outbreaks hit the southern and easter...Reuters
Fri, May 9
REFILE-Enbridge beats Q1 profit estimates
May 9 (Reuters) - Enbridge ENB.TO beat market estimates for first-quarter profit on Friday as the Canadian pipeline operator received a boost from higher earnings from its Mainline system and a rise in income from its gas distribution unit.The company reported adjusted profit of C$1.03 per share for...Reuters
Fri, May 9
Shanghai copper stock withdrawals slow, easing supply concerns
SHANGHAI, May 9 (Reuters) - Copper inventories on the Shanghai Futures Exchange (SHFE) decreased again on Friday although the rate of withdrawals slowed, easing concerns that an accelerating drawdown in stocks could cause prices to spike. Copper inventories on the SHFE decreased by 10% sinc...Reuters
Fri, May 9
