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REFILE-ARA gasoline stocks rise 7%, Insights Global data shows
LONDON, May 8 (Reuters) - Gasoline stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 7% on the week, data from Dutch consultancy Insights Global showed on Thursday.Gasoline stocks rose 7% to 1.29 million metric tons as production increased owing to h...Reuters
Thu, May 8
ARA gasoline stocks rise 7%, Insights Global data shows
LONDON, May 8 (Reuters) - Gasoline stocks held independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 7% on the week, data from Dutch consultancy Insights Global showed on Thursday.Gasoline stocks rose 7% to 1.29 million metric tons as production increased owing...Reuters
Thu, May 8
US imposes Iran-related sanctions on third China 'teapot' refinery, ports
WASHINGTON, May 8 (Reuters) - U.S. President Donald Trump's administration on Thursday imposed sanctions on a third Chinese independent - or "teapot" - oil refinery, and port terminal operators in China for purchases of Iranian oil. The U.S. Treasury designated the Hebei Xinhai Chemical...Reuters
Thu, May 8
Copper producer Aurubis looks to boost US sales in absence of tariffs
By Bernadette Hogg May 8 (Reuters) - Europe's largest copper producer Aurubis NAFG.DE is looking to increase its sales to the U.S. while there are no import tariffs on the metal, CEO Toralf Haag told analysts on Thursday.Copper was not included in a list of reciprocal tariffs announced by the...Reuters
Thu, May 8
BREAKINGVIEWS-Trump hands shippers Red Sea dilemma
By Yawen Chen LONDON, May 8 (Reuters Breakingviews) - Shipping companies may soon face a unity problem, much like the oil cartel OPEC. Danish container shipping giant Maersk MAERSKb.CO on Thursday stood by its EBITDA forecast for 2025, despite a U.S.-Houthi deal that could reopen the less profita...Reuters
Thu, May 8
US natgas prices edge up to 4-week high on higher demand ahead of storage report
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 1% over five-year normalBy Scott DiSavino May 8 (Reuters) - U.S. natural gas futures edged up about 1% to a four-week high on Thursday on a drop in output in recent weeks and forecasts for mor...Reuters
Thu, May 8
US CPC sees 74% chance of ENSO Neutral conditions through June-August
May 8 (Reuters) - El Nino-Southern Oscillation (ENSO) neutral conditions are expected to be favored through the Northern Hemisphere in summer 2025 (74% chance during June-August), the United States' Climate Prediction Center said on Thursday.Chances of ENSO neutral conditions exceed 50% through ...Reuters
Thu, May 8
Seafarers stranded off Yemen port eye exit after US-Houthi ceasefire deal
Truce opens door for 200 seafarers on 15 freighters to leave Yemen's Ras Isa areaHouthis continue to threaten Israeli-linked shipping despite truce with USShipping risks persist in Red Sea; many companies have halted voyages, citing no guarantee of safe passageBy Jonathan Saul and Mohammed Ghoba...Reuters
Thu, May 8
CBOT Trends-Corn mostly higher, soybeans mostly lower, wheat mixed
CHICAGO, May 8 (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 Thursday.WHEAT - Up 1 cent to down 3 cents per bushel* CBOT wheat futures narrowly mixed on positioning ahead of a governmen...Reuters
Thu, May 8
RPT-EXCLUSIVE-US, Russia explore ways to restore Russian gas flows to Europe, sources say
By Anna Hirtenstein and Marwa Rashad LONDON/MOSCOW, May 8 (Reuters) - With a frost covering Europe's energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the continent, eight sources familiar with the ta...Reuters
Thu, May 8
US CPC sees 74% chance of ENSO Neutral conditions through June-August
May 8 (Reuters) - El Nino-Southern Oscillation (ENSO) neutral conditions are expected to be favored through the Northern Hemisphere in summer 2025 (74% chance during June-August), the United States' Climate Prediction Center said on Thursday.Chances of ENSO neutral conditions exceed 50% through ...Reuters
Thu, May 8
EXCLUSIVE-US, Russia explore ways to restore Russian gas flows to Europe, sources say
By Anna Hirtenstein and Marwa Rashad LONDON/MOSCOW, May 8 (Reuters) - With a frost covering Europe's energy relations with Russia, officials from Washington and Moscow have held discussions about the U.S. helping to revive Russian gas sales to the continent, eight sources familiar with the ta...Reuters
Thu, May 8
OPEC April oil output edges lower despite plans for hike, survey finds
By Alex Lawler LONDON, May 8 (Reuters) - OPEC oil output edged lower in April despite a scheduled output hike taking effect, a Reuters survey found, led by a cut in Venezuelan supply on renewed U.S. attempts to curb the flows and smaller drops in Iraq and Libya.The Organization of the Petroleum E...Reuters
Thu, May 8
Outokumpu says uncertainty caused by Trump's tariffs to hit operations in Q2
Expects geopolitical uncertainties to impact Q2 resultsUS customers favouring locally produced steel-CFODemand in Europe remains subduedShares down 4.5%By Jagoda Darlak May 8 (Reuters) - Stainless steel maker Outokumpu OUT1V.HE expects global uncertainties related to U.S. President Donald Trump&#...Reuters
Thu, May 8
Gold falls as Trump signals potential trade deal with Britain
May 8 (Reuters) - Gold prices fell on Thursday, reversing earlier gains, as U.S. President Donald Trump hinted at a potential trade deal with Britain, easing trade tensions and reducing the precious metal's appeal as a safe-haven investment.
Reuters
Thu, May 8
RPT-COLUMN-Iron ore tells a different story to the China tariff pain narrative: Russell
By Clyde Russell LAUNCESTON, Australia, May 8 (Reuters) - Concern is mounting over just how big a hit the Chinese economy is going to take from the massive tariffs imposed by the United States, but so far the commodity most at risk is seemingly unaffected.Iron ore is the major commodity most expo...Reuters
Thu, May 8
EU sets out 95 bln euro countermeasures to U.S. tariffs
By Philip Blenkinsop BRUSSELS, May 8 (Reuters) - The European Commission proposed on Thursday countermeasures on up to 95 billion euros ($107.2 billion) of U.S. imports if negotiations with Washington fail to remove the series of tariffs applied by U.S. President Donald Trump.The new measures, re...Reuters
Thu, May 8
Eiopa: US exit from Paris Agreement raises nat cat insurability issues
By Rebecca DelaneyMay 8 - (The Insurer) - The withdrawal of the U.S. from climate-related multilateral agreements may increase insurability challenges for the industry as losses from climate-driven natural catastrophes increase over the next 12 months, the European Insurance and Occupational Pension...Reuters
Thu, May 8
GRAINS-Soybeans, wheat, corn rise on trade war de-escalation hopes
By Michael Hogan HAMBURG, May 8 (Reuters) - Chicago soybeans, wheat and corn rose on Thursday as U.S. President Donald Trump was expected to announce a trade deal with Britain which along with upcoming U.S.-China talks in Switzerland could reduce trade tensions disrupting U.S. grains and oils...Reuters
Thu, May 8
