News
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Argentina expects $8 bln surplus in energy trade balance this year
HOUSTON, May 6 (Reuters) - Argentina expects a $8 billion surplus in its energy trade balance this year, compared to a $5.7 billion surplus last year, amid new government policies encouraging investment, the country's deputy energy secretary for liquid fuels, Federico Valler, said at a conferenc...Reuters
Tue, May 6
Trump, ahead of Carney meeting, says US doesn't need Canadian cars, energy, lumber
WASHINGTON, May 6 (Reuters) - President Donald Trump said he looked forward to meeting Canadian Prime Minister Mark Carney but reiterated that he did not think the U.S. needed Canada's cars, energy or lumber and questioned what he called Canadian reliance on the U.S."That will be, most likel...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 2025, a company executive said on Tuesday at a conference in Houston.The floating production unit, which is expected to produce 120,000 barrels of oil per...Reuters
Tue, May 6
MPLX’s reports Q1 profit rise on higher volumes, expects minimal tariff impact
By Mrinalika RoyMay 6 (Reuters) - U.S. midstream company MPLX MPLX.N on Tuesday reported a rise in quarterly earnings helped by higher volumes and transportation rates and said it expects minimal impact from tariffs on its operations."At this juncture for what we know about tariffs...it really h...Reuters
Tue, May 6
REFILE-Putin and Xi to talk energy, discuss Power of Siberia 2 gas pipeline
MOSCOW, May 6 (Reuters) - Russia's Vladimir Putin and China's Xi Jinping will discuss the "most sensitive" issues, including energy cooperation and a proposed Power of Siberia 2 gas pipeline to China, Kremlin aide Yuri Ushakov said on Tuesday.Xi will start an official four-day visit ...Reuters
Tue, May 6
Rollins says USDA not planning to close any Farm Service Agency offices
WASHINGTON, May 6 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said at a Senate hearing on Tuesday that the agency is not planning to close any of the country's 4,500 Farm Service Agency offices that serve farmers.Reuters
Tue, May 6
CANADA RESEARCH ROUNDUP-Air Canada, Baytex Energy, Parkland
May 6 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Air Canada, Baytex Energy and Parkland on Tuesday. HIGHLIGHTS * Air Canada AC.TO: Raymond James cuts target price to C$24 from C$28 * Baytex Energy Corp BTE.TO: Raymond James c...Reuters
Tue, May 6
Duke Energy beats quarterly estimates on higher electricity rates
May 6 (Reuters) - Utility Duke Energy DUK.N on Tuesday beat Wall Street expectations for first quarter revenue and profit, helped by higher electricity rates, retail sales and a colder winter. U.S. utilities have been making a case for higher customer electricity bills as power usage surges rapidly ...Reuters
Tue, May 6
Saudi Arabia, US to discuss deal in mining, mineral resources, cabinet says
CAIRO, May 6 (Reuters) - Saudi Arabia is set to discuss a potential agreement with the United States about cooperation in the fields of mining and mineral resources, the Saudi cabinet said in a statement reported by the country's state news agency on Tuesday.The statement did not provide the det...Reuters
Tue, May 6
Drought insurance to be included in cost of seeds for Kenyan farmers
By Henry GaleMay 6 - (The Insurer) - Drought insurance will be included in the cost of agricultural inputs such as seeds and fertilisers under a pilot scheme in Kenya's Rift Valley.Insurtech Ibisa Network and blockchain-based reinsurer Ensuro said they aimed to insure 20,000 farmers during 2025&...Reuters
Tue, May 6
Everest names Mesagaes its renewable energy head
By Michael JonesMay 6 - (The Insurer) - Everest has named Jonathan Mesagaes as head of renewable energy, the company said on Tuesday.Mesagaes will report to John Hyland, head of underwriting and marine, and will support clients across the division’s global specialties business.With over two decades ...Reuters
Tue, May 6
Bessent says US Treasury at 'warning track' on debt ceiling, vows no US default
WASHINGTON, May 6 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Tuesday that the department was "at the warning track" in terms of exhausting remaining borrowing capacity under the federal debt ceiling, but vowed that the government would not default on its payment obligations.Be...Reuters
Tue, May 6
Constellation refocusing on grid-connected AI data center power projects
By Laila Kearney NEW YORK, May 6 (Reuters) - Constellation Energy CEG.O is increasingly focused on potential data center projects that connect to the U.S. electrical grid in a pivot away from the company's previous emphasis on fueling the giant server warehouses directly from its power plants...Reuters
Tue, May 6
Argentina expects $8 bln surplus in energy trade balance this year, govt official says
HOUSTON, May 6 (Reuters) - Argentina expects a $8 billion surplus in its energy trade balance this year, compared to a $5.7 billion surplus last year, amid new government policies encouraging investment, the country's deputy energy secretary for liquid fuels, Federico Valler, said at a conferenc...Reuters
Tue, May 6
Nigeria's Renaissance halts oil output via pipeline after spill
By Tife OwolabiYENAGOA, Nigeria, May 6 (Reuters) - Nigeria's Renaissance Africa Energy Co. Ltd has halted oil shipments via its Okordia-Rumuekpe pipeline in the coastal Rivers state following a spill, the independent oil firm said on Tuesday. The pipeline, which transports crude oil south to the...Reuters
Tue, May 6
Rising costs hit Constellation Energy misses first-quarter profit estimates
May 6 (Reuters) - Constellation Energy CEG.O has been hit by rising costs to build and operate its electricity infrastructure, with the major U.S. power company on Tuesday missing Wall Street expectations for first-quarter profit.Higher-for-longer interest rates can heap costs on utilities, maki...Reuters
Tue, May 6
COLUMN-After Ukraine deal, US turns its critical minerals gaze to Africa: Andy Home
By Andy Home LONDON, May 6 (Reuters) - Away from the headlines around the minerals deal with Ukraine, the United States has pursued a potentially even more significant critical metals deal in the Great Lakes region of Africa. The government of the Democratic Republic of Congo reached out to the D...Reuters
Tue, May 6
Russia says Iran and others have legal right to develop their own nuclear energy programmes
MOSCOW, May 6 (Reuters) - The Russian Foreign Ministry said on Tuesday that Iran and other countries that do not possess nuclear weapons have a legitimate right to develop their own civil nuclear energy programmes. Maria Zakharova, a spokeswoman for the Russian Foreign Ministry, was responding to a ...Reuters
Tue, May 6
EUROPE GAS-Prices hit 1-week high on tight supply, EU's Russian gas ban plans
May 6 (Reuters) - Dutch and British wholesale gas prices rose more than 6% on Tuesday hitting their highest levels since in a week, as unplanned outages and European plans to phase out Russian gas supplies supported sentiment.The benchmark Dutch front-month contract TRNLTTFMc1 was up by 2.18 euros, ...Reuters
Tue, May 6
Saudi Arabia, US to sign deal in mining, mineral resources, cabinet says
CAIRO, May 6 (Reuters) - Saudi Arabia is set to discuss and sign a deal with the U.S. in the fields of mining and mineral resources, the Saudi cabinet said in a statement relayed by the country's state news agency on Tuesday.Reuters
Tue, May 6
