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Fortuna eyes Guinea investments after Burkina Faso exit, CEO says
Canadian mining firm looking for gold opportunities in GuineaFortuna faced security, regulatory challenges in Burkina FasoExploration budget raised, with a portion allocated to Guinea By Maxwell Akalaare Adombila DAKAR, May 5 (Reuters) - Canada's Fortuna Mining FVI.TO is eyeing expansion into...Reuters
Mon, May 5
Tyson Foods beats quarterly profit estimates on strong chicken demand
May 5 (Reuters) - Tyson Foods TSN.N beat Wall Street expectations for second-quarter profit on Monday, driven by increased demand for its chicken products and lower costs.The company witnessed sustained demand for its frozen meat and ready-to-eat food as consumers increasingly preferred eating at ho...Reuters
Mon, May 5
Saudi Arabia raises Arab Light June OSP for Asia
May 5 (Reuters) - Saudi Arabia has raised the official selling price (OSP) for its flagship Arab light crude it sells to Asia in June to $1.40 a barrel above the Oman/Dubai average, according to a pricing document seen by Reuters on Monday.The OSP premium for May was $1.20 a barrel.Reuters
Mon, May 5
EU to present plan on Tuesday on how to wean itself off Russia energy
BRUSSELS, May 5 (Reuters) - The European Union will present a roadmap plan on May 6 on how to wean itself off Russian energy, European Commission spokesperson Stefan de Keersmaecker said on Monday."Tomorrow, the College will discuss a roadmap to end Russian energy imports," he said, referrin...Reuters
Mon, May 5
RPT-COLUMN-Big Oil in business as usual mode despite nearing storm: Bousso
Oil majors warn of worsening global economic conditionsYet most stick to large shareholder return programmesAnd are borrowing more in order to pay for their expensesBy Ron Bousso LONDON, May 2 (Reuters) - Top oil and gas companies are watching the worsening global economic outlook with trepidatio...Reuters
Mon, May 5
GRAINS-Soybeans ease after rally, U.S. trade, crop condition news awaited
Soybean traders await news of U.S./China trade talksPositive U.S. crop condition, planting report expectedBy Michael Hogan HAMBURG, May 5 (Reuters) - Chicago soybean futures fell on Monday as traders awaited updates on possible U.S.-China trade talks amid mounting competition from Brazil.Wheat an...Reuters
Mon, May 5
EU to present roadmap plan on Tuesday on how to wean itself off Russia energy
BRUSSELS, May 5 (Reuters) - The European Union will present a roadmap plan on May 6 on how to wean itself off Russian energy, European Commission spokesperson Stefan de Keersmaecker said on Monday.The plan will be presented on Tuesday by Dan Jorgensen, EU Commissioner for Energy and Housing, he adde...Reuters
Mon, May 5
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
Mon, May 5
Goldman Sachs lowers oil price forecast after OPEC+ decision to boost output
May 5 (Reuters) - Goldman Sachs reduced its oil price forecast following decisions by the Organization of the Petroleum Exporting Countries and its allies, OPEC+, to accelerate oil output increases, the bank said in a note dated Sunday.The bank now expects Brent crude to average $60 per barrel for t...Reuters
Mon, May 5
EUROPE GAS-Dutch prices ease, but market seeks direction
May 5 (Reuters) - Dutch wholesale gas prices eased on Monday, although cooler weather, lower renewable power generation and potential Asian liquefied natural gas demand lent some support. The benchmark Dutch front-month contract TRNLTTFMc1 was down 0.47 euro at 32.70 euros per megawatt hour (MWh), o...Reuters
Mon, May 5
Indonesia's Bukit Asam eyes $3.1 bln plant to convert coal to synthetic natural gas
JAKARTA, May 5 (Reuters) - Indonesian state coal miner Bukit Asam is studying a plan to invest $3.1 billion into a plant to convert coal into synthetic natural gas, its chief executive said on Monday.It would be Bukit Asam's latest attempt to produce gas from coal, as the government pushes for d...Reuters
Mon, May 5
Gold gains on weaker dollar; traders brace for Fed rate decision
Fed's interest rate decision due this weekGold may trade in the $3,200-$3,350 range ahead of the Fed meeting, analyst saysDollar down 0.3% against its rivalsBy Anushree Mukherjee May 5(Reuters) - Gold firmed on Monday, supported by a softer dollar, as investors waited to see how U.S.-China tr...
Reuters
Mon, May 5
UBS Sees Brent Crude Oil Price To Reach $68/bbl in Coming Months
May 5 (Reuters) - UBS:SEES BRENT CRUDE OIL PRICE RECOVER TO $68/BBL IN THE COMING MONTHS DESPITE NEAR-TERM PRESSUREANTICIPATES A FURTHER SEASONAL INCREASE IN GLOBAL OIL DEMAND IN THE COMING MONTHS AMID THE DRIVING SEASON IN THE U.S. AND THE RISING TEMPERATURES IN THE MIDDLE EASTReuters
Mon, May 5
TECHNICALS-CBOT soybeans may revisit May 1 low of $10.36-3/4
For more technical analyses, please click SINGAPORE, May 5 (Reuters) - The CBOT soybean July contract SN25 may revisit its May 1 low of $10.36-3/4 per bushel, driven by a wave c.The rise from this low might have been classified as a wave b, the second wave of a correction from $10.67-1/4. This wave ...Reuters
Mon, May 5
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Monday, early in the European session. WTI trades at $56.13 per barrel, down from Friday’s close at $58.16.Brent Oil Exchange Rate (Brent crude) is stable, hovering around its previous daily close at $61.35.Fxstreet
Mon, May 5
Silver Price Forecast: XAG/USD steadies near $32.00 as safe-haven demand increases
Silver price (XAG/USD) is pausing its four-day decline, trading near $32.10 during the Asian session on Monday. The precious metal is regaining ground as ongoing uncertainty around US-China trade talks fuels safe-haven demand.Fxstreet
Mon, May 5
GRAINS-Soybeans ease after rally, wheat rises for fourth session
Trump says he wants a fair trade deal with ChinaWheat gains more ground on concerns over weather in RussiaBy Naveen Thukral SINGAPORE, May 5 (Reuters) - Chicago soybean futures slid on Monday for the first time in three sessions, as traders awaited updates on U.S.-China trade relations amid slugg...Reuters
Mon, May 5
