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Venezuela loses 20% of oil exports after cargo cancellations to Chevron
May 1 (Reuters) - Venezuela's oil exports fell almost 20% to some 700,000 barrels per day (bpd) in April, the lowest level in nine months, as cargo cancellations to U.S.-based producer Chevron CVX.N forced ships to return and left some ports empty, ship tracking data and documents showed.Venezue...Reuters
Thu, May 1
Japanese trading houses conservative on profit forecasts amid US tariffs
By Yuka Obayashi and Katya Golubkova TOKYO, May 1 (Reuters) - Japanese trading houses Mitsui & Co 8031.T, Sumitomo Corp 8053.T and Sojitz 2768.T on Thursday issued cautious profit forecasts for the current fiscal year as U.S. tariffs threaten global supply chains and increase economic uncerta...Reuters
Thu, May 1
The Spanish state should take over grid operator, says deputy prime minister
MADRID, May 1 (Reuters) - The state should take 100% control of the Spanish grid operator, Spain's Deputy Prime Minister Yolanda Díaz said on Thursday, days after the country suffered its worst blackout. Red Electrica, known as REE, is 20%-owned by the state and the rest is in private hands. ...Reuters
Thu, May 1
EUROPE GAS-Prices rangebound amid thin trading, soft demand
LONDON, May 1 (Reuters) - Dutch and British wholesale gas prices traded in a narrow range on Thursday morning amid thin trading due to the Labour Day holiday in several European countries.The benchmark Dutch front-month contract TRNLTTFMc1 was down 0.47 euro to 31.73 euros per megawatt hour (MWh), o...Reuters
Thu, May 1
ExxonMobil Baytown, Texas Complex Reports Operational Issue
May 1 (Reuters) - Exxon Mobil XOM.N:REPORTS AN OPERATIONAL ISSUE AT ITS BAYTOWN TEXAS, COMPLEX WHICH IS RESULTING IN SAFETY FLARING AND NOISESOURCE: COMMUNITY ALERTTHE BAYTOWN COMPLEX HOUSES A CHEMICAL PLANT, AN OLEFINS PLANT AND A 564,440 BARREL-PER-DAY OIL REFINERYReuters
Thu, May 1
WTI falls toward $57.00 due to concerns over OPEC+ supply increase, weakening demand
West Texas Intermediate (WTI) crude Oil price is extending its losing streak for a fourth consecutive session on Thursday, trading around $57.20 per barrel during European hours. Oil prices have fallen to their lowest level in three weeks, weighed down by concerns over a potential supply increase..
Fxstreet
Thu, May 1
Alcoa says Q2 order book strong despite tariffs, assessing Spain power risks
Alcoa says no visibility on orders past the first-halfCompany has no plans to build a new U.S. smelter Says difficult to have electro-intensive business if Spain's grid is unstableBy Melanie BurtonMELBOURNE, May 1 (Reuters) - Aluminium producer Alcoa AA.N said on Thursday its order book for the ...Reuters
Thu, May 1
PRESS DIGEST- New York Times business news - May 1
May 1 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- United States will share future revenues from Ukraine's mineral reserves under a deal announced by the Trump administration tha...Reuters
Thu, May 1
GRAINS-US export demand pulls corn prices higher
CANBERRA, May 1 (Reuters) - Chicago corn and wheat futures rose on Thursday after sharp declines earlier in the week, with corn supported by U.S. export demand and wheat by bargain-hunting. Soybeans edged lower as large South American harvests and a lack of Chinese demand for U.S. crops weigh on...Reuters
Thu, May 1
PRECIOUS-Gold slips to 2-week low as trade tensions ease; US payrolls data on tap
U.S. economy shrinks in first quarter of fiscal 2025Trump says he has "potential deals" with India, South Korea and JapanDollar up 0.4% against its peersBy Anushree Mukherjee May 1 (Reuters) - Gold eased to hit its lowest level in two weeks on Thursday as the dollar's strength and eas...Reuters
Thu, May 1
INEOS To Launch Europe's Offshore CO2 Carrier on May 14
May 1 (Reuters) - INEOS:SAYS FIRST EUROPEAN BUILT OFFSHORE CO₂ CARRIER TO BE CHRISTENED AND LAUNCHED ON MAY 14SAYS THE VESSEL IS SPECIFICALLY DESIGNED TO TRANSPORT LIQUEFIED CO₂ FROM ONSHORE CAPTURE SITES TO OFFSHORE STORAGE IN THE DANISH PART OF THE NORTH SEASAYS ONCE LAUNCHED AND OPERATIONAL, THE ...Reuters
Thu, May 1
METALS-London copper gains; firm dollar, soft US growth data cap rise
NEW DELHI, May 1 (Reuters) - London copper edged up on Thursday after U.S. President Donald Trump hinted at a potential trade deal with China, signalling a de-escalation with the top metals consumer, but a stronger dollar and weak U.S. growth data capped gains.Benchmark copper CMCU3 on the London Me...Reuters
Thu, May 1
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Thursday, early in the European session. WTI trades at $57.89 per barrel, down from Wednesday’s close at $57.97.Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $61.01 after its previous daily close at $61.05.Fxstreet
Thu, May 1
RPT-COLUMN-Study Group expects weak demand to trump copper's supply stress: Andy Home
By Andy Home LONDON, April 30 (Reuters) - The copper market may need to rethink its bull narrative of constrained supply and worry more about weakening demand, judging by the latest forecasts from the International Copper Study Group (ICSG). The Group, which has just gathered in Lisbon for its la...Reuters
Thu, May 1
Mitsui CEO - We Will Be Able To Contribute Through Our Trading Function When Global Supply Chains Are Disrupted By Tariff War, Particularly In Energy And Chemical Sectors
May 1 (Reuters) - Mitsui & Co Ltd 8031.T:MITSUI CEO: FOR FY2025/26, WE HAVE MADE CONSERVATIVE FORECASTS FOR MACHINERY SECTOR, DUE TO ITS GLOBAL SUPPLY CHAIN, AND FOR AUTOMOBILE MARGINS IN NORTH AMERICA AMID TARIFF WARMITSUI CEO: NO COMMENT ON ALASKA LNG PROJECT, BUT WE WILL THOROUGHLY ANALYSE OV...Reuters
Thu, May 1
Meiji, Lactalis, Saputo, Warburg may bid in Fonterra's $2.4 billion sale, sources say
Fonterra hopes to wrap up a sale by mid-2025, sources say Company is still looking at the IPO process, sources sayFonterra shares up 8% this year, market value $4.3 billionBy Kane Wu, Scott Murdoch and Yantoultra Ngui HONG KONG/SYDNEY, May 1 (Reuters) - Companies including Japan's Meiji, Fren...Reuters
Thu, May 1
