News
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TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, May 5 (Reuters) - Contract Target Support/Resistance Brent oil $60.02/$60.81sup $58.74/$58.24/$57.45Palm oil (3rd month)3,904/3,951 ringgitsup 3,828/3,804/3,765 ringgitWTI* $56.81/57.65sup $55.45/54.61/$54.09Spot gold$3,209/$3,175res $3,265/$3,30...Reuters
Mon, May 5
GRAINS-Soybeans ease after rally, wheat rises for fourth session
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 sluggish American exports and mounting competition from Brazil.Wheat rose to a one-week high, while corn bounced back. FUNDAMENTALS*...Reuters
Mon, May 5
Trump confirms he offered to send US troops to Mexico to help with cartels
ABOARD AIR FORCE ONE, May 4 (Reuters) - U.S. President Donald Trump on Sunday confirmed that he had offered to send U.S. troops to Mexico to help Mexican President Claudia Sheinbaum combat drug trafficking, an offer Sheinbaum disclosed on Saturday and said she had refused.Trump told reporters aboard...Reuters
Mon, May 5
Trump says he wants a fair trade deal with China
ABOARD AIR FORCE ONE, May 4 (Reuters) - U.S. President Donald Trump on Sunday said the U.S. was meeting with many countries, including China, on trade deals, and his main priority with China was to secure a fair trade deal.Trump told reporters aboard Air Force One that he had no plans to speak with ...Reuters
Mon, May 5
OPEC+ to further speed up oil output hikes - Reuters
The Organization of the Petroleum Exporting Countries and allies (OPEC+) is set to further speed up oil output hikes. Citing five sources, Reuters reported that this could bring back to the market as much as 2.2 million barrels per day by November.Fxstreet
Mon, May 5
More than 15,000 USDA employees have taken Trump financial incentive to leave
Trump's incentive program aims to shrink federal workforce15% of USDA employees opted for financial incentive to leave, according to readoutNumber could rise as more contracts are signedBy Leah Douglas WASHINGTON, May 4 (Reuters) - More than 15,000 U.S. Department of Agriculture employees hav...Reuters
Sun, May 4
OPEC+ to further speed up oil output hikes, three sources say
LONDON, May 4 (Reuters) - OPEC+ plans to further accelerate oil output hikes and possibly unwind 2.2 million barrel per day of voluntary cuts through October 2025 if members of the group don't improve compliance with their production quotas, three OPEC+ sources said.Reuters
Sun, May 4
Kuwait says OPEC+ meeting to significantly affect production policy formulation
CAIRO, May 3 (Reuters) - Kuwait's oil minister said that the OPEC+ meeting would significantly affect production policy formulation in the coming period, Kuwait's state news agency reported on Saturday.OPEC+ agreed in a meeting earlier in the day to accelerate oil production hikes for a seco...Reuters
Sat, May 3
Kuwait says OPEC+ meeting to significantly affect production policy formulation
CAIRO, May 3 (Reuters) - Kuwait's oil minister said that the OPEC+ meeting would significantly affect production policy formulation in the coming period, the country's state news agency reported on Saturday.OPEC+ agreed in a meeting earlier in the day to accelerate oil production hikes for a...Reuters
Sat, May 3
US worker safety agency notifies employees of firings
By Valerie Volcovici WASHINGTON, May 3 (Reuters) - The Trump administration sent termination notices late on Friday to employees of a worker health and safety agency that provides research and services for coal miners, firefighters and others, despite appeals by a lawmaker from Trump's Republ...Reuters
Sat, May 3
OPEC+ agrees another accelerated oil output hike for June
OPEC+ countries to boost output in June by 411,000 bpdApril, May, June hike combined nearly 1 mln bpdOil prices have fallen to four-year lowSaudi Arabia unhappy with poor compliance - sourcesBy Ahmad Ghaddar, Maha El Dahan and Olesya Astakhova LONDON/DUBAI, May 3 (Reuters) - OPEC+ has agreed to a...Reuters
Sat, May 3
Motor racing-Wolff says sustainable F1 fuel is more expensive than expected
MIAMI, May 3 (Reuters) - Formula One's switch to 100% sustainable fuel from next season is proving much more expensive than expected, according to Mercedes team chief Toto Wolff.The cost of the fuel was raised by one of the engine manufacturers at a recent Formula One commission meeting that inc...Reuters
Sat, May 3
US worker safety agency notifies employees of firings
By Valerie Volcovici WASHINGTON, May 3 (Reuters) - The Trump administration sent termination notices late on Friday to employees of a worker health and safety agency that provides research and services for coal miners, firefighters and others, despite appeals by a lawmaker from Trump's Republ...Reuters
Sat, May 3
Seven people killed in road crash near Yellowstone
By Steve GormanMay 2 (Reuters) - Seven people were killed and eight others injured after a van carrying more than a dozen tourists collided with a pickup truck in a fiery highway crash near Yellowstone National Park, Idaho state police said on Friday.The cause of the accident, which occurred about a...Reuters
Sat, May 3
I Squared eyes majority stake in natgas pipeline Matterhorn, sources say
May 2 (Reuters) - I Squared Capital is in talks to acquire a majority stake in the Matterhorn Express natural gas pipeline, according to people familiar with the matter.The infrastructure-focused investment firm has been speaking with potential investors that would help fund the potential purchase, ...Reuters
Fri, May 2
Iran must 'walk away' from all uranium enrichment, Rubio says
Rubio says Iran has to 'walk away' from uranium enrichmentRubio says only countries that enrich uranium are the ones that have nuclear weaponsAraqchi says Iran had the right to enrich under NPT and "an agreement is within reach" May 2 (Reuters) - Iran has to 'walk away' fr...Reuters
Fri, May 2
US EPA plans to cut staff to 1980s levels, dissolve research office
EPA plans to cut staff to Reagan administration levelsResearch will shift to office run by political appointeesAdvocacy groups concerned about scientific independenceBy Valerie Volcovici WASHINGTON, May 2 (Reuters) - The U.S. Environmental Protection Agency announced plans on Friday to slash ...Reuters
Fri, May 2
CANADA-CRUDE-Discount on Western Canada Select heavy crude narrows
May 2 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 narrowed on Friday, continuing a trend of what has been historically tight levels this spring.WCS for June delivery in Hardisty, Alberta, settled at $9...Reuters
Fri, May 2
Pemex rehires former head of exploration and production amid crude decline
By Adriana BarreraMEXICO CITY, May 2 (Reuters) - The former head of Mexican state oil firm Pemex's exploration and production arm has returned to his post after the surprise departure of the previous chief this week, three sources told Reuters on Friday.Petroleum engineer Angel Cid Munguia had s...Reuters
Fri, May 2
