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WEC Energy posts higher first-quarter profit on strong power demand
May 6 (Reuters) - WEC Energy WEC.N reported a first-quarter profit on Tuesday that rose 16.4% on the back of increased power consumption by residential, industrial and commercial customers.Power consumption is expected to reach record highs in 2025 and 2026, driven by AI and data centers as well as ...Reuters
Tue, May 6
US natgas prices ease on lower flows to LNG export plans and forecasts for less demand
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 6 (Reuters) - U.S. natural gas futures eased about 1% on Tuesday on forecasts for lower demand over the next two weeks than previously expected an...Reuters
Tue, May 6
EU will not be pushed into unfair US tariffs deal, says trade chief
EU prepares countermeasures during Trump's 90-day tariff pauseU.S. tariffs cover 70% of EU goods, could rise to 97%EU prefers negotiated solution, but all options remain openEU says partners all phoning bloc to deepen trade ties BRUSSELS, May 6 (Reuters) - The European Union is under no press...Reuters
Tue, May 6
Constellation Energy misses first-quarter profit estimates hit by higher operating costs
May 6 (Reuters) - U.S. utility Constellation Energy CEG.O missed Wall Street expectations for first-quarter profit on Tuesday, hurt by higher operating and interest expenses, sending its shares down nearly 5% in premarket trading.The company's net income fell around 87% from a year earlier to $1...Reuters
Tue, May 6
PRECIOUS-Safe-haven demand lifts gold to 2-week peak, focus on Fed meet
Fed's interest rate verdict on WednesdayTrump to announce pharmaceutical tariffs in next two weeksGold to retest the $3,500 mark - analystBy Brijesh Patel May 6 (Reuters) - Gold prices rose to a two-week high on Tuesday, as tariff threats from U.S. President Donald Trump lifted demand for the...Reuters
Tue, May 6
RPT-BREAKINGVIEWS-The heart of the US oil boom is slowing
By Robert Cyran NEW YORK, May 5 (Reuters Breakingviews) - Oil fields are just as quick to make fortunes as break them. The 1901 Spindletop gusher in Texas jumpstarted the petroleum age, crashing oil prices. A mere two years later, over-extraction drove the field into decline. Sure, today’s indust...Reuters
Tue, May 6
Silver Price Forecast: XAG/USD rallies to near $33 on Trump’s fresh tariff threats
Silver price (XAG/USD) surges to near $33.00 during European trading hours on Tuesday. The white metal strengthens as demand for safe-haven assets increasez after United States (US) President Donald Trump threatened to impose tariffs on pharmaceuticals.
Fxstreet
Tue, May 6
ADM reports first-quarter profit beat
May 6 (Reuters) - Grain trader Archer-Daniels-Midland ADM.N on Tuesday beat Wall Street expectations for first-quarter profit, helped by robust performance in its nutrition segment.The Chicago-based company posted an adjusted profit of 70 cents per share for the three months ended March 31, compared...Reuters
Tue, May 6
GRAINS-Corn firms; soy stays subdued with weather, trade talks in focus
PARIS/BEIJING, May 6 (Reuters) - Chicago corn futures edged up on Tuesday after hitting a one-month low in the previous session, while wheat steadied, although the cereals remained curbed by favourable U.S. crop conditions and worries over international trade tensions. Soybeans eased for a seco...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
Oil price crucial for Russia, but national interests come first, Kremlin says
MOSCOW, May 6 (Reuters) - Oil prices play a crucial role in Russia's budget and the Russian economy overall, but Russian national interests take precedence above all else, Kremlin spokesman Dmitry Peskov said on Tuesday.Peskov was commenting on remarks by U.S. President Donald Trump, who suggest...Reuters
Tue, May 6
Top US refiner Marathon Petroleum swings to Q1 loss
May 6 (Reuters) - Marathon Petroleum MPC.N swung to loss in the first quarter, the company reported on Tuesday, the latest U.S. refiner hit by lower refining margins during a period marked by elevated maintenance and turnaround activity across the industry.Net loss attributable to the company was $7...Reuters
Tue, May 6
Oil price crucial for Russia, but national interests come first, Kremlin says
MOSCOW, May 6 (Reuters) - Oil prices play a crucial role in Russia's budget and the Russian economy overall, but Russian national interests take precedence above all else, Kremlin spokesman Dmitry Peskov said on Tuesday.Peskov was commenting on remarks by U.S. President Donald Trump, who suggest...Reuters
Tue, May 6
OPEC+ goes with another big supply hike – ING
OPEC+ is implementing another aggressive supply hike. Effective in June, this increase solidifies a shift in policy. With prospects of further large supply increases in the months ahead, we revised our oil forecasts lower, ING's commodity expert Warren Patterson notes.Fxstreet
Tue, May 6
Oil struggles as OPEC+ sticks to output hikes – Danske Bank
Oil prices remain under pressure after OPEC+ confirmed a third consecutive monthly output hike, reinforcing bearish sentiment in a market already unsettled by global trade tensions and geopolitical risks, Danske Bank's FX analysts report.Fxstreet
Tue, May 6
EU Commission to propose end-2027 ban on Russian gas imports, draft document shows
By Kate AbnettBRUSSELS, May 6 (Reuters) - The European Commission will next month propose to ban new Russian gas deals by the end of the year, and ban imports under existing contracts by end-2027, a draft European Commission document, seen by Reuters, showed.A draft of the European Commission's ...Reuters
Tue, May 6
Weatherford returns to Libya offering full service at Jalu 59 oil field
May 6 (Reuters) - Libya's National Oil Corporation (NOC) said on Tuesday that U.S. energy services company Weatherford WFRD.O will return to operations in Libya.Weatherford halted works in Libya ten years ago but has confirmed its readiness to provide full field-work services at the Jalu 59 oil ...Reuters
Tue, May 6
EUROPE GAS-Prices gain to 1-week high on demand rise, Norway outage
May 6 (Reuters) - Dutch and British wholesale gas prices rose in early trading on Tuesday as cooler, less windy weather and outages in Norway tightened the short-term market, while the need to refill gas storages continues to provide wider price support.The benchmark Dutch front-month contract TRNLT...Reuters
Tue, May 6
