News
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ExxonMobil Says Economic Uncertainty, Threats Of Potential Increase In OPEC Supply, Has Put Pressure On Prices & Margins
May 2 (Reuters) - Exxon Mobil Corp XOM.N:EXXONMOBIL: ECONOMIC UNCERTAINTY, WITH THREATS OF POTENTIAL INCREASE IN OPEC SUPPLY, HAS PUT PRESSURE ON PRICES & MARGINS - PREPARED REMARKSEXXONMOBIL: REMAIN COMMITTED TO TAKING COSTS OUT OF THE BUSINESS - PREPARED REMARKSEXXONMOBIL: IF WE CAN IMPROVE NP...Reuters
Fri, May 2
Greece approves tender for hydrocarbons search in four offshore blocks
ATHENS, May 2 (Reuters) - Greece has approved an international tender for hydrocarbon exploration in four blocks in the Mediterranean Sea, following an expression of interest by Chevron CVX.N and Helleniq Energy HEPr.AT, the energy ministry said on Thursday.Greece this week issued a ministerial deci...Reuters
Fri, May 2
Itochu reports record annual profit helped by textiles, FamilyMart
TOKYO, May 2 (Reuters) - Japanese trading house Itochu 8001.T reported on Friday a record annual net profit of 880.3 billion yen ($6 billion), bolstered by its textile, food, and FamilyMart convenience store units.Profit rose 10% from the previous year, although it was slightly below an LSEG poll...Reuters
Fri, May 2
Exxon beats Wall Street profit estimate, boosted by Guyana and Permian production
By Sheila Dang HOUSTON, May 2 (Reuters) - Exxon Mobil XOM.N on Friday beat Wall Street's estimate for first-quarter profit as higher oil and gas production from Guyana and the Permian basin helped boost earnings.Profit during the January-March quarter was $7.71 billion or $1.76 per share, bea...Reuters
Fri, May 2
Middle East Crude-Benchmarks rebound; focus on OPEC+ meeting
SINGAPORE, May 2 (Reuters) - Middle East crude benchmark spot premiums of Oman, Dubai and Murban rose on Friday, following a sharp decline earlier in the week that sent them to a seven-week low. A threat from U.S. President Donald Trump to impose secondary sanctions on buyers of Iranian oil raised f...Reuters
Fri, May 2
Chevron meets Wall Street profit estimates as refining recovers from previous quarter
Chevron maintains dividend and share buyback strategy despite lower crude pricesProduction flat year-over-year, impacted by asset sales Chevron's Q1 oil and gas earnings drop from previous yearBy Sheila Dang HOUSTON, May 2 (Reuters) - Chevron CVX.N on Friday reported first-quarter earnings th...Reuters
Fri, May 2
FACTBOX-Companies withdraw guidance amid Trump's tariffs
May 2 (Reuters) - The sweeping tariffs imposed by U.S. President Donald Trump since April 2 and the subsequent pauses on some of them have generated uncertainty for companies worldwide, causing some to withdraw or refrain from giving financial guidance.Here is a list of companies that have made such...Reuters
Fri, May 2
Singapore fuel oil stockpiles slip to 3-week lows
SINGAPORE, May 2 (Reuters) - Onshore fuel oil stockpiles at key trading hub Singapore fell to their lowest in three weeks as imports eased, data showed on Thursday.Residual fuel inventories STKRS-SIN were at 22.5 million barrels (about 3.54 million metric tons) in the week to May 1, based on Enterpr...Reuters
Fri, May 2
REFILE-CORRECTED-World food prices increase in April, UN's FAO says
LONDON, May 2 (Reuters) - Global food commodity prices increased in April, driven by higher prices for cereals, meat and dairy products, the United Nations' Food and Agriculture Organization said on Friday.The FAO Food Price Index, which tracks monthly changes in a basket of internationally trad...Reuters
Fri, May 2
CORRECTED-World food prices increase in April, UN's FAO says
LONDON, May 2 (Reuters) - Global food commodity prices increased in April, driven by higher prices for cereals, meat and diary products, the United Nations' Food and Agriculture Organization said on Friday.The FAO Food Price Index, which tracks monthly changes in a basket of internationally trad...Reuters
Fri, May 2
WTI slides back closer to mid-$58.00s; bearish potential seems intact
West Texas Intermediate (WTI) US Crude Oil prices struggles to capitalize on its modest intraday move up and drops to a fresh daily low, close to mid-$58.00s during the first half of the European session on Friday.
Fxstreet
Fri, May 2
EUROPE GAS-Prices rise on cooler weather, LNG competition from Asia
May 2 (Reuters) - Dutch and British wholesale gas prices rose in early trading on Friday morning amid forecasts of higher demand as temperatures cooled, and in order to remain competitive against Asian buyers of liquefied natural gas (LNG).The benchmark Dutch front-month contract TRNLTTFMc1 was up 0...Reuters
Fri, May 2
Silver Price Forecast: XAG/USD rises to near $32.60 as USD corrects ahead of US NFP
Silver price (XAG/USD) moves higher to near $32.60 during European trading hours on Friday. The white metal gains as the US Dollar (USD) corrects ahead of the United States (US) Nonfarm Payrolls (NFP) data for April, which will be published at 12:30 GMT.Fxstreet
Fri, May 2
LNG traders divert four US cargoes from Europe to Asia
By Emily Chow SINGAPORE, May 2 (Reuters) - Four cargoes of liquefied natural gas headed for Europe changed course to Asia in the last two weeks, after European prices fell below the Asian benchmark and opened up an arbitrage for deliveries eastward, according to analysts and shipping data. More c...Reuters
Fri, May 2
France's Lactalis says no agreement signed about possible Fonterra deal
PARIS, May 2 (Reuters) - French dairy group Lactalis said on Friday it was considering investments in Australia and internationally but added that it had not signed an agreement for the possible acquisition of parts of New Zealand-based dairy giant Fonterra.Reuters reported on Thursday that companie...Reuters
Fri, May 2
India's BPCL eyes $20–30/ton gain from swap of Middle East LPG with cheaper US supplies
By Nidhi Verma NEW DELHI, May 2 (Reuters) - Indian fuel retailer Bharat Petroleum Corp Ltd BPCL.NS expects a net gain of $20 to $30 a metric ton on delivery of U.S. liquefied petroleum gas through swap deal with Middle Eastern suppliers, its head of finance said on Friday.BPCL, India's second...Reuters
Fri, May 2
RUBBER-Japan futures post weekly gains as tariff concerns ease
SINGAPORE, May 2 (Reuters) - Japanese rubber futures rose for a fourth session on Friday and posted a weekly gain, supported by a weaker yen and signs of progress in Washington's trade talks with top consumer China. The Osaka Exchange (OSE) rubber contract for October delivery JRUc6, 0#2JRU: c...Reuters
Fri, May 2
PRECIOUS-Gold rebounds from two-week low; US jobs data in focus
China evaluating US offer to negotiate tariffsUS non-farm payrolls report due at 1230 GMTChinese markets closed for Labour Day holiday from May 1-5 By Anushree Mukherjee and Anmol Choubey May 2 (Reuters) - Gold gained on Friday as investors rushed to buy the metal a day after its prices hit a two...Reuters
Fri, May 2
