News
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RPT-Oil market 'smile' suggests Saudi Arabia's output shift was well timed
OPEC+ agreed another accelerated oil output hike for JuneOil market shows tight immediate balances Driving season boosts demand, can absorb extra OPEC+ oilNew oil from Brazil, Guyana to hit market by end 2025By Robert Harvey, Dmitry Zhdannikov LONDON, May 7 (Reuters) - The oil market appears to b...Reuters
Thu, May 8
COLUMN-Oil refiners’ robust profits defy souring outlook: Bousso
Global refining profit margins above 2024 levelsTraders refilling depleted diesel inventories after cold winterGasoline demand set to rise ahead of summerBy Ron Bousso LONDON, May 8 (Reuters) - Global oil refineries’ strong profit margins signal healthy oil consumption today, a stark contrast wit...Reuters
Thu, May 8
ANZ Sees Downside Risks For Oil Prices
May 8 (Reuters) - ANZ: SEES DOWNSIDE RISKS FOR OIL PRICESSAYS "WE MAINTAINS OUR SHORT-TERM (0-3MTH) PRICE TARGET OF $55/BBL, HOWEVER RISKS REMAIN FIRMLY SKEWED TO THE DOWNSIDE"SAYS "WE NOW PUT A HIGHER PROBABILITY ON OPEC+ FULLY UNWINDING THE HEADLINE 2.2MB/D VOLUNTARY CUTS BY THE END OF...Reuters
Thu, May 8
Citi cuts its 0-3 month Brent forecast to $55 per barrel
May 8 (Reuters) - Citi Research on Thursday lowered its 0-3 month Brent price forecast to $55 per barrel, from a previous estimate of $60."A U.S.-Iran deal and easing sanctions could see Brent move lower toward $50; no deal and even escalatory action (for instance, to curb Iran's nuclear pro...Reuters
Thu, May 8
PRESS DIGEST-British Business - May 8
May 8 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- Britain's trade deal with India will result in a 200 million pounds ($266.90 million) annual tax revenue loss ...Reuters
Thu, May 8
GRAINS-Chicago soybeans, wheat rise amid trade deal hopes, US-China talks
By Ella Cao and Lewis Jackson BEIJING, May 8 (Reuters) - Chicago soybean and wheat futures gained on Thursday after U.S. President Donald Trump hinted at a potential trade deal with an unspecified country, while upcoming U.S.-China talks in Switzerland also boosted investor sentiment.The most-act...Reuters
Thu, May 8
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
TECHNICALS-CBOT soybeans may fall into $10.16-3/4 to $10.26-1/4 range
For more technical analyses, please click SINGAPORE, May 8 (Reuters) - The CBOT soybean July contract SN25 may break support at $10.36 per bushel, and fall into $10.16-3/4 to $10.26-1/4 range.The contract is making its third attempt to overcome this barrier. It is highly likely to succeed. A retrace...Reuters
Thu, May 8
PRESS DIGEST - Wall Street Journal - May 8
May 8 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- Ford Motor F.N raised prices for three of its popular vehicles, a move that comes as automakers scramble to adjust to President Trump's t...Reuters
Thu, May 8
PRESS DIGEST-Financial Times - May 8
May 8 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Iberdrola secures 600 million pounds loan from UK state fund to upgrade power grid- Orsted halts work on vast UK wind farm citing rising...Reuters
Thu, May 8
METALS-London metals mixed ahead of US-China trade talks
SHANGHAI, May 8 (Reuters) - Metal prices in London showed mixed movements on Thursday, as investors anticipated the U.S.-China trade talks following the Federal Reserve's warning that increasing inflation and labor market risks could fuel economic uncertainty.Benchmark copper CMCU3 on the London...Reuters
Thu, May 8
AI leaders to urge senators to speed power supply permitting, boost government data access
By David ShepardsonWASHINGTON, May 7 (Reuters) - Microsoft MSFT.O and other AI leaders on Thursday will urge U.S. lawmakers to streamline federal permitting for artificial intelligence energy needs and open more government data sets for AI training, according to written testimony reviewed by Reuters...Reuters
Thu, May 8
Mexico's Pemex reports leaks in oil pipeline to Dos Bocas terminal
MEXICO CITY, May 7 (Reuters) - Mexico's state energy firm Pemex said on Wednesday evening that it had addressed two leaks in a pipeline that transports oil from its Akal-C platform to the Dos Bocas Maritime Terminal in the southern state of Tabasco.In a statement, Pemex said preparations were un...Reuters
Thu, May 8
GRAINS-Chicago grains slip on weak demand; USDA report eyed
BEIJING, May 8 (Reuters) - Chicago soybean and grain futures eased on Thursday as traders weighed weak demand and rising global competition and positioned ahead of the U.S. Department of Agriculture's (USDA) report next Monday, despite support from U.S.-China trade talk optimism.FUNDAMENTALS* Th...Reuters
Thu, May 8
Mexico's Pemex reports leaks in oil pipeline to Dos Bocas terminal
MEXICO CITY, May 7 (Reuters) - Mexico's state energy firm Pemex said on Wednesday evening that it had addressed two leaks in a pipeline that transports oil from its Akal-C platform to the Dos Bocas Maritime Terminal in the southern state of Tabasco.In a statement, Pemex said preparations were un...Reuters
Thu, May 8
Oil prices steady after dropping as economic uncertainty, supply concerns weigh
By Katya Golubkova TOKYO, May 8 (Reuters) - Oil prices steadied on Thursday after falling more than $1 in the previous session as uncertainty over the outcome of trade talks between the U.S. and China, the world's two largest oil consumers, weighed on investor sentiment.Brent crude futures LC...Reuters
Thu, May 8
