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Saudi Arabia signals it can live with lower oil prices, sources say
By Ahmad Ghaddar, Olesya Astakhova and Alex Lawler LONDON, April 30 (Reuters) - Saudi Arabian officials are briefing allies and industry experts to say the kingdom is unwilling to prop up the oil market with further supply cuts and can handle a prolonged period of low prices, five sources with kn...Reuters
Wed, Apr 30
CatIQ estimates C$342 million insured losses from March ice storm in Ontario and Quebec
By Mia MacGregorApril 30 - (The Insurer) - Toronto-based Catastrophe Indices & Quantification (CatIQ) has estimated that the late-March ice storm that hit Ontario and Quebec resulted in an initial industry loss of C$342 million ($247.2 million). The figure includes property losses, both resident...Reuters
Wed, Apr 30
US gasoline stockpiles post longest weekly declining streak since 2022, EIA says
NEW YORK, April 30 (Reuters) - U.S. gasoline stockpiles fell about 4 million barrels in the week ended April 25 to 225.54 million barrels, the ninth consecutive weekly drawdown, data from the U.S. Energy Information Administration (EIA) showed on Wednesday.That is the longest declining streak for ga...Reuters
Wed, Apr 30
Copper vulnerable as China holiday looms and CTA liquidations intensify – TDS
Weak Chinese manufacturing PMIs kicked off the selling activity in Copper, but CTA selling activity into the liquidity vacuum has exacerbated the downside with algos on track to sell more than -7% of their max size, TDS' Senior Commodity Strategist Daniel Ghali notes.Fxstreet
Wed, Apr 30
EXCLUSIVE-RWE's top shareholder group opposes call for more share buybacks
Elliott, other investors push for more buybacksRWE has launched 1.5 bln euro buyback programmeRWE investors approve fresh share buyback resolutionBy Tom Käckenhoff and Christoph Steitz DUESSELDORF/FRANKFURT, April 30 (Reuters) - RWE's RWEG.DE municipal shareholders, the biggest investor bloc ...Reuters
Wed, Apr 30
Indian port operator JSW Infra looks homeward to steer tariff-hit trade woes
By Hritam Mukherjee April 30 (Reuters) - India's JSW Infrastructure JSWN.NS said on Wednesday it expects cargo volume growth to rise in fiscal year 2026, driven by domestic sectors' resilience, while minimising concerns over U.S. tariff-led trade uncertainties.The port operator anticipate...Reuters
Wed, Apr 30
POLL-Copper to wilt because of tariff turmoil, growth worries
Copper price set to average $9,083/T in Q3 2025Analysts more than double forecasts of copper surplus this yearAnalysts flip expectations to oversupply of aluminium from deficitZinc surpluses seen at 12,000 T in 2025, 192,000 T in 2026By Eric Onstad and Brijesh Patel LONDON/BENGALURU, April 30 (Re...Reuters
Wed, Apr 30
US-Ukraine minerals deal doesn't specify if Washington will profit
LONDON, April 30 (Reuters) - A deal expected to be signed later on Wednesday gives the United States preferential access to new Ukrainian natural resources deals, but does not automatically hand Washington a share of Ukraine's mineral wealth or any of its gas infrastructure, according to a draft...Reuters
Wed, Apr 30
US natgas prices slide 2% on mild weather, lower demand
U.S. LNG export feedgas on track to hit record high in AprilU.S. gas output on track to hit record high in AprilU.S. gas storage about 1% below five-year averageBy Scott DiSavino April 30 (Reuters) - U.S. natural gas futures slid about 2% on Wednesday on forecasts for milder weather and lower...Reuters
Wed, Apr 30
PPL Corp's quarterly profit beats estimate on rising data center power demand
April 30 (Reuters) - Electric and gas utility firm PPL Corp PPL.N first-quarter profit beat the Wall Street estimate on Wednesday, helped by favorable weather conditions and higher transmission supply rates in Pennsylvania and Kentucky.Electricity sales in both states rose 6.6% in the quarter, helpi...Reuters
Wed, Apr 30
West Africa upheaval requires joint mining ventures, local listings, lobby group says
Regional mining remains profitable despite risks, says lobby groupMiners face security and regulatory instability Surging gold price reinforces localisation pushBy Maxwell Akalaare Adombila DAKAR, April 30 (Reuters) - International mining companies should consider joint ventures with local partne...Reuters
Wed, Apr 30
Alchemy readying launch of E&S builders’ risk and cannabis extractor programs
By Chris MunroApril 30 - (The Insurer) - Alchemy Insurance Solutions is poised to bring a new E&S builders’ risk program to market in the coming weeks, with the MGU also working on a specialist extractor-focused cannabis coverage which it hopes will be live by year-end.The Lancaster, Pennsylvani...Reuters
Wed, Apr 30
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
Wed, Apr 30
Hess beats first-quarter profit estimate despite weak oil prices
April 30 (Reuters) - Hess HES.N reported a drop in first-quarter profit on Wednesday, hurt by lower oil prices, though the shale producer still managed to beat Wall Street expectations.Benchmark Brent crude LCOc1 prices averaged at $75.16 a barrel during the January-March quarter, 8.2% lower than a ...Reuters
Wed, Apr 30
Sanchez pressed to explain Spain's blackout; grid says solar not to blame
Sanchez under pressure to provide explanation for blackoutOpposition calls for independent investigationGrid operator accused of failure to invest in system upgrade MADRID, April 30 (Reuters) - Spain's grid operator denied on Wednesday that dependence on solar power was to blame for the count...Reuters
Wed, Apr 30
TotalEnergies CEO says Mozambique LNG project to move ahead, launch by mid-year
PARIS, April 30 (Reuters) - TotalEnergies TTEF.PA CEO Patrick Pouyanne said on Wednesday that partners on its long-delayed Mozambique LNG project have decided to move ahead and launch by the middle of the year.A nearly $5 billion loan for the project was recently approved by U.S. Exim Bank. Pouyanne...Reuters
Wed, Apr 30
PRECIOUS-Gold extends fall as dollar gains, trade tensions ease
US PCE data due later in the dayGold heads for fourth monthly gainSilver down more than 2%By Brijesh Patel April 30 (Reuters) - Gold prices fell for the second straight session on Wednesday, hurt by a stronger dollar and signs of de-escalation in U.S.-China trade tensions, while focus was also on...Reuters
Wed, Apr 30
RWE to decide on share buyback extension in early 2026, CFO says
FRANKFURT, April 30 (Reuters) - RWE RWEG.DE will decide in early 2026 on whether to extend a standing 1.5 billion euro ($1.7 billion) share buyback programme, CFO Michael Mueller told shareholders at the group's annual general meeting.RWE's Chief Executive Markus Krebber also said the progra...Reuters
Wed, Apr 30
