News
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CBOT corn mixed as Brazilian corn crop looms
CHICAGO, May 6 (Reuters) - Chicago Board of Trade corn futures were mixed on Tuesday as steady planting progress in the U.S. and Brazil's upcoming harvest added pressure to prices.Favorable harvest prospects in Brazil are countering support from brisk U.S. exports.Brazil's large safrinha cor...Reuters
Tue, May 6
Higher OPEC+ output, tariff uncertainty raising oil price volatility, EIA says
NEW YORK, May 6 (Reuters) - Perceptions of oversupply among oil market participants from increasing OPEC+ output and uncertainty about the economic impact of tariffs have raised short-term oil price volatility, the U.S. Energy Information Administration said on Tuesday.Oil prices hit a four-year low...Reuters
Tue, May 6
Exxon group's Guyana oil output rose to 668,000 bpd last week
By Marianna Parraga and Sheila Dang HOUSTON, May 6 (Reuters) - A consortium led by Exxon Mobil XOM.N that controls all oil and gas output in Guyana produced 668,000 barrels per day (bpd) of oil last week, the U.S. company's head for the South American country, Alistair Routledge, said during ...Reuters
Tue, May 6
CORRECTED-Higher OPEC+ output, tariff uncertainty raising oil price volatility, EIA says
NEW YORK, May 6 (Reuters) - Perceptions of oversupply among oil market participants from increasing OPEC+ output and uncertainty about the economic impact of tariffs have raised short-term oil price volatility, the U.S. Energy Information Administration (EIA) said on Tuesday.The agency lowered its o...Reuters
Tue, May 6
U.S. nuclear power plant outages
May 6 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total o...Reuters
Tue, May 6
Mexico's Pemex sees 2025 crude goal short of government's goal
MEXICO CITY, May 6 (Reuters) - Mexican state oil firm Pemex said its average crude production goal in 2025 is 1.58 million barrels per day (bpd), according to a filing to the U.S. Securities and Exchange Commission.The figure, from a company filing dated April 29 but published by Pemex this week, is...Reuters
Tue, May 6
US natgas output and demand to hit record highs in 2025, EIA says
May 6 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.EIA projected dry gas production will rise from 103.2 billion cubic feet per day (bcfd) in 2024 to 104...Reuters
Tue, May 6
US agriculture secretary defends budget cuts, says won't close offices that serve farmers
USDA not planning to close any of 4,500 Farm Service Agency officesAgency will announce plans to relocate outside Washington, D.C., in coming weeksRollins has spoken with Rubio about administering Food for Peace aid programBy Leah Douglas WASHINGTON, May 6 (Reuters) - U.S. Agriculture Secretary B...Reuters
Tue, May 6
Jeweller Pandora trims 2025 profitability guidance, warns of US tariff impact
Pandora cuts 2025 profitability targetWeaker dollar hits jeweller whose biggest market is U.S.U.S. tariffs on Thailand could add $137 mln to annual costsPandora hiked prices by 4% in April after a 5% increase in OctBy Helen Reid LONDON, May 6 (Reuters) - Danish jewellery maker Pandora PNDORA.CO c...Reuters
Tue, May 6
Marathon to operate refineries at 94% of combined capacity in Q2
NEW YORK, May 6 (Reuters) - Marathon Petroleum MPC.N plans to operate its 13 refineries at 94% of their combined 3-million barrel-per-day (bpd) capacity in the second quarter of 2025, said John Quaid, chief financial officer, during a Tuesday conference call.Marathon's refineries ran at 89% of t...Reuters
Tue, May 6
Europe Gasoline/Naphtha-Gasoline margins rise
LONDON, May 6 (Reuters) - Northwest European gasoline profit margins widened by about $1 to $16 a barrel on Tuesday as European exports rose in April.Gunvor, Litasco and Varo sold 13,000 metric tons of Eurobob E5 on barges to TotalEnergies, Shell, Mabanaft, BMV and Varo.Shell sold another 9,000 tonn...Reuters
Tue, May 6
Trump says US will not pay for California high-speed rail
WASHINGTON, May 6 (Reuters) - The Trump administration will not pay for a high-speed rail line planned between Los Angeles and San Francisco, President Donald Trump told reporters at the White House on Tuesday, citing cost overruns.The Republican president's administration in February began prob...Reuters
Tue, May 6
US power use to reach record highs in 2025 and 2026, EIA says
May 6 (Reuters) - U.S. power consumption will hit record highs in 2025 and 2026, the U.S. Energy Information Administration said in its Short Term Energy Outlook (STEO) on Tuesday.The EIA projected power demand will rise to 4,205 billion kilowatt hours (kWh) in 2025 and 4,252 billion kWh in 2026, fr...Reuters
Tue, May 6
METALS-Copper buoyed by softer dollar, focus on tariff tensions
By Pratima Desai LONDON, May 6 (Reuters) - Copper prices rose on Tuesday as the dollar eased but weighing on sentiment was the prospect of slowing global growth and demand due to U.S. import tariffs and a trade war between China and the United States.Benchmark copper CMCU3 on the London Metal Exc...Reuters
Tue, May 6
GRAINS-Soybeans continue slide on trade tensions, tumbling soyoil
Soybean futures drop on tensions from US-China trade warCorn mixed amid strong harvest pressure in BrazilWheat higher on short covering, weather concernsBy Heather Schlitz CHICAGO, May 6 (Reuters) - Chicago soybean futures slid for the second session on Tuesday as worries over international t...Reuters
Tue, May 6
US natgas output and demand to hit record highs in 2025, EIA says
May 6 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.EIA projected dry gas production will rise from 103.2 billion cubic feet per day (bcfd) in 2024 to 104...Reuters
Tue, May 6
Offshore producer Beacon sees first oil from Shenandoah in June
HOUSTON, May 6 (Reuters) - U.S. offshore producer Beacon Offshore Energy expects first oil from its Shenandoah floating production system in June, a company executive said on Tuesday.The floating production unit, which is expected to produce 120,000 barrels of oil per day (bpd), was in the final sta...Reuters
Tue, May 6
EU wheat claws back some losses after sliding to contract lows
PARIS, May 6 (Reuters) - European wheat rebounded on Monday after losing 2.5% to contract lows in the previous session, marking its largest one-day drop in nearly a year, as rain forecast in Russia and improved condition in the U.S. lifted sentiment about global supplies.The euro, trading near four-...Reuters
Tue, May 6
US Cash Grains-Corn, soybean basis bids mostly steady-weaker
CHICAGO, May 6 (Reuters) - Spot basis bids for corn and soybeans fell at several processing plants in the U.S. Midwest on Tuesday while basis bids held mostly steady elsewhere, spot checks showed, as farmers focused on spring planting.* The corn basis fell by 6 cents a bushel at Decatur, Illinois, a...Reuters
Tue, May 6
