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Europe Gasoline/Naphtha-Gasoline margins rise despite US stock build
LONDON, May 7 (Reuters) - Northwest European gasoline profit margins rose by about 46 cents to $16.52 a barrel on Wednesday, even as U.S. stocks rose unexpectedly last week according to data from the Energy Information Administration. A total of 14,000 metric tons of Eurobob E10 barges traded...Reuters
Wed, May 7
US Cash Grains-Corn basis bids steady to higher in Midwest
CHICAGO, May 7 (Reuters) - Spot basis bids for corn rose at multiple locations in the U.S. Midwest on Wednesday and soybeans were steady to lower, spot checks showed, after some facilities emerged from scheduled downtime.* The corn basis rose by 10 cents at a processor in Cedar Rapids, Iowa and by 2...Reuters
Wed, May 7
Utility Vistra posts quarterly loss on derivative challenges, higher costs
By Vallari Srivastava and Katha Kalia May 7 (Reuters) - Vistra VST.N swung to a loss in the first quarter on Wednesday, as the independent power producer was hurt by setbacks in its hedging activities and higher costs, sending its shares down more than 5%.The company said the quarterly deficit...Reuters
Wed, May 7
GRAINS-Chicago soybeans choppy amid US-China trade optimism
Soybeans gained support from signs of warming trade relationsCorn, wheat lose ground on favorable weather conditionsBy Heather Schlitz CHICAGO, May 7 (Reuters) - Chicago soybean, corn and wheat futures chopped up and down on Wednesday as signs of a thaw in the trade standoff between China and the...Reuters
Wed, May 7
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 and Dmitry Zhdannikov LONDON, May 7 (Reuters) - The oil market appears t...Reuters
Wed, May 7
US farm secretary says new dietary guidelines coming hopefully in early fall
Rollins and Kennedy working on revision of dietary guidelines$20 billion in disaster aid to farmers to begin flowing by end of month, Rollins saysLawmakers challenge significant staff departures at farm agencyBy Leah Douglas WASHINGTON, May 7 (Reuters) - U.S. Agriculture Secretary Brooke Rollins ...Reuters
Wed, May 7
Barrick Mining Says No Intention To Put Mali Operations Under Complete Care And Maintenance
May 7 (Reuters) - Barrick Mining Corp ABX.TO:BARRICK MINING CEO SAYS DON’T INTEND TO PUT MALI OPERATIONS UNDER COMPLETE CARE AND MAINTENANCE, UNLESS FORCED TO DOBARRICK MINING SAYS US REDOMICILING HAS BEEN UNDER PERIODIC BOARD REVIEW FOR YEARSSource text: Q1 Conference CallReuters
Wed, May 7
METALS-Caution about upcoming US-China talks drags copper down
By Polina Devitt LONDON, May 7 (Reuters) - Copper prices fell in London on Wednesday on subdued expectations an upcoming meeting between U.S. and Chinese officials will yield an immediate outcome after months of escalating trade tensions.Benchmark three-month copper CMCU3 on the London Metal Exch...Reuters
Wed, May 7
Paris wheat ticks lower ahead of bank holiday
PARIS, May 7 (Reuters) - European wheat prices edged lower on Wednesday as traders assessed the state of global supplies and awaited the outcome of a planned meeting between senior U.S. and Chinese officials that could be a first step towards resolving their tariff war.Benchmark September milling w...Reuters
Wed, May 7
Barrick CEO says he does not know where Mali is keeping miner's confiscated gold
CEO calls Mali's jailing of Barrick employees a human rights abuseBarrick's Mali mine shutdown follows gold confiscation worth $318 millionBarrick's Loulo-Gounkoto output excluded from 2025 production forecastBy Divya Rajagopal and Arunima Kumar May 7 (Reuters) - Barrick MiningReuters
Wed, May 7
Uruguay's Ancap to launch natural hydrogen bidding round by year-end, executives say
May 7 (Reuters) - Uruguay's state-run energy firm Ancap plans to launch a bidding round for natural hydrogen exploration and development by the end of the year, with offers expected in 2026, executives said on Wednesday.Ancap is also exploring a bidding round for carbon capture investment, to be...Reuters
Wed, May 7
Uruguay's Ancap to launch natural hydrogen bidding round by year-end, executives say
May 7 (Reuters) - Uruguay's state-run energy firm Ancap plans to launch a bidding round for natural hydrogen exploration and development by the end of the year, with offers expected in 2026, executives said on Wednesday.Ancap is also exploring a bidding round for carbon capture investment, to be...Reuters
Wed, May 7
U.S. bombing dents but doesn't destroy Houthi threat in Yemen
U.S. bombing campaign went after more than 1,000 targetsOperation degraded Houthis, but they still remain capableMilitary operation has been costly for PentagonBy Idrees Ali and Phil Stewart WASHINGTON, May 7 (Reuters) - A nearly two-month-long U.S. bombing campaign in Yemen dealt heavy damage to...Reuters
Wed, May 7
Bessent says IMF's SDR system should serve US interests, not aid wealthy countries
WASHINGTON, May 7 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Wednesday that the International Monetary Fund's Special Drawing Rights allocation system should serve U.S. interests and not be geared towards aiding large, well-financed countries.Bessent also told a U.S. House of Repr...Reuters
Wed, May 7
US farm secretary says new dietary guidelines coming "hopefully" in early fall
WASHINGTON, May 7 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said during a Wednesday hearing in the House of Representatives that new dietary guidelines developed with health secretary Robert F. Kennedy, Jr., will come in "hopefully early fall."Reuters
Wed, May 7
US jet fuel demand hit highest since December 2019 last week, EIA says
NEW YORK, May 7 (Reuters) - U.S. jet fuel demand rose by 474,000 barrels per day (bpd) in the week ended May 2 and surpassed 2 million bpd for the first time since December 2019, data from the Energy Information Administration showed on Wednesday.Four-week average demand for jet fuel also hit its hi...Reuters
Wed, May 7
CANADA RESEARCH ROUNDUP-First Quantum, Mainstreet Equity, TMX Group
May 7 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including First Quantum, Mainstreet Equity Corp and TMX Group on Wednesday. HIGHLIGHTS * First Quantum FM.TO: Barclays raises target price to C$21.60 from C$21.40* Mainstreet Equity Corp...Reuters
Wed, May 7
US natgas prices climb 4% on return of Freeport LNG, lower output
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 7 (Reuters) - U.S. natural gas futures climbed about 4% on Wednesday on a drop in output and forecasts for demand to rise more than previously exp...Reuters
Wed, May 7
Rio Tinto extracts first gallium under collaboration with Indium
May 7 (Reuters) - Mining major Rio Tinto RIO.L, RIO.AX said on Wednesday it had extracted its first primary gallium as part of a collaboration with U.S.-based Indium Corp that aims to eventually produce commercial quantities of the critical, rare-earth metal.The development comes amid restrictions f...Reuters
Wed, May 7
