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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
US Cash Crude-Grades steady ahead of OPEC meeting
May 2 (Reuters) - U.S. cash crude grades were little changed on Friday, dealers said, ahead of OPEC's meeting to set June output policy.WTI Midland WTC-WTM was unchanged, while WTI at East Houston WTC-MEH, also known as MEH, and Mars gained 5 cents each.Eight countries of OPEC+, which includes t...Reuters
Fri, May 2
CIF/FOB Gulf Grain-Soybean barge bids inch higher, corn bids steady
CHICAGO, May 2 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals were steady on Friday, and soybeans firmed a bit, supported by sluggish farmer grain sales, traders said.Beijing is "evaluating" an offer from Washington to hold talks over U.S. President Donald Tr...Reuters
Fri, May 2
LIVESTOCK-CME cattle gallop to new highs on record cash prices
By Tom Polansek CHICAGO, May 2 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures stormed to contract highs on Friday, as tight U.S. supplies drove cash prices to records this week, traders said.Inventories are at their lowest levels in decades after drought in recent y...Reuters
Fri, May 2
US Army Corps targeting fall decision for Enbridge Line 5 tunnel
By Amanda Stephenson CALGARY, May 2 (Reuters) - The U.S. Army Corps of Engineers said on Friday it expects to make a decision this fall whether to grant a permit to Enbridge's ENB.TO proposed Great Lakes tunnel for its Line 5 oil pipeline project.The Army Corps, a federal engineering service,...Reuters
Fri, May 2
US Cash Products-Chicago gasoline eases as refiner resolves operational issue
NEW YORK, May 2 (Reuters) - Chicago gasoline cash differentials fell on Friday after Exxon Mobil said operational issues at its Joliet refinery in Illinois had been resolved, easing supply constraints.Operational issues reported by the 275,000 barrel-per-day Joliet refinery earlier this week, along ...Reuters
Fri, May 2
US Cash Grains-Corn, soy bids flat in the Midwest
CHICAGO, May 2 (Reuters) - Corn and soybean basis bids were steady in the U.S. Midwest on Friday as selling remained slow and buyers finished rolling basis bids to the July contract, dealers said.A focus on corn and soy planting has made farmers reluctant sellers.Wet weather may delay seeding in par...Reuters
Fri, May 2
Seven people killed in two-vehicle road crash near Yellowstone
May 2 (Reuters) - A passenger van carrying more than a dozen tourists collided with a pickup truck in a fiery highway crash near Yellowstone National Park, killing seven people, Idaho state police reported on Friday.The cause of the wreck, which occurred about an hour and 15 minutes before sunset on...Reuters
Fri, May 2
Goldman Sachs sees 410,000-bpd hike in OPEC+ June supply
May 2 (Reuters) - Goldman Sachs on Friday said it expects OPEC+ to announce a second consecutive increase in supply for June on Saturday, due to modest compliance from Kazakhstan, lower-than-expected OECD inventories, and Saudi Arabia's ability to handle lower oil prices.The Wall Street bank exp...Reuters
Fri, May 2
PJM selects 51 US projects for additional power generation capacity
May 2 (Reuters) - PJM Interconnection said on Friday it has selected 51 U.S. projects that can be brought online quickly to help provide more than 9,300 MW of reliable electricity capacity under its Reliable Resource Initiative."The Reliability Resource Initiative (RRI) is a one-time opportunity...Reuters
Fri, May 2
