News
Important Only
World Bank eyes energy financing options, holds fast on equality issues
Development Committee urges support for affordable energyWorld Bank's gender, equality strategy endorsed by steering groupUS Treasury's Bessent criticizes lender's "mission creep"By David Lawder WASHINGTON, April 25 (Reuters) - The World Bank's steering committee on Friday...Reuters
Fri, Apr 25
US Cash Crude-Coastal grades strengthen, Midland weakens on final roll day
April 25 (Reuters) - U.S. coastal crude grades strengthened on Friday, dealers said, on the third and final day of the "roll" trade, a period in which the market becomes more volatile as traders square their positions. The three-day roll trade begins after the front-month U.S. crude futures ...Reuters
Fri, Apr 25
CBOT wheat ends near even with rains in U.S. Plains
CHICAGO, April 25 (Reuters) - Chicago Board of Trade wheat futures closed almost flat Friday, pressured by favorable weather in major production zones, as predicted by forecasters. CBOT July soft red winter wheat WN25 settled up 1/2 cent at $5.45 per bushel.K.C. July hard red winter wheat KWN25 end...Reuters
Fri, Apr 25
CBOT soybeans dip on trader positioning, China denial of US tariff talks
CHICAGO, April 25 (Reuters) - Chicago Board of Trade soybean futures fell Friday as traders exited the market on positioning and with China denying U.S. President Donald Trump's assertion that tariff negotiations were ongoing with the leading soybean importer. CBOT July soybeans SN25 settled do...Reuters
Fri, Apr 25
Miner Grupo Mexico posts 17% profit jump on higher metals prices
By Kylie Madry and Natalia Siniawski MEXICO CITY, April 25 (Reuters) - Mining and transport conglomerate Grupo Mexico reported a 17% jump in first-quarter net profit on Friday, primarily driven by higher metal prices.Net profit rose to $1.09 billion, well above the $816 million estimate from anal...Reuters
Fri, Apr 25
California proposes to allow self-driving heavy-duty truck testing
By David Shepardson April 25 (Reuters) - The California Department of Motor Vehicles said Friday it is proposing to allow testing of self-driving heavy-duty trucks and other large vehicles on state public roads.California currently allows self-driving light-duty passenger vehicles for testing on ...Reuters
Fri, Apr 25
ICE canola futures end week atop month-long rally
WINNIPEG, Manitoba - April 25 (Reuters) - ICE canola July futures settled above $700 per metric ton on Friday, ending the week up and at highs not seen since the end of May 2024. • Friday's close sits atop a powerful old-crop rally that began in mid-March, more than making up for a sudden coll...Reuters
Fri, Apr 25
Oil posts weekly fall on tariff worry and rising supplies
Brent, WTI down, erasing gains following tariff uncertaintyBoth contracts set for weekly declinesOPEC+ to consider another accelerated oil output hike for JuneBy Stephanie Kelly NEW YORK, April 25 (Reuters) - Oil prices edged higher on Friday but posted a weekly decline, under pressure from marke...Reuters
Fri, Apr 25
CBOT corn futures finish mixed on spread trading
CHICAGO, April 25 (Reuters) - Chicago Board of Trade corn futures were mixed on Friday on spread trading, according to analysts, with nearby contracts ending slightly up and deferred contracts ending slightly down. CBOT July corn CN25 settled up 1-1/2 cents at $4.85-1/2 per bushel.CBOT September cor...Reuters
Fri, Apr 25
EXCLUSIVE-TikTok owner weighs data center project in Brazil, sources say
ByteDance in partnership talks with wind power producer Casa dos VentosProject at Pecem port could eventually require 900 MW or more Brazil aims to be a global data center hub using renewable energyBy Leticia Fucuchima, Marcela Ayres and Bernardo Caram SAO PAULO/BRASILIA, April 25 (Reuters) - By...Reuters
Fri, Apr 25
Magnitude 6.3 earthquake strikes Ecuador, 20 injured
QUITO, April 25 (Reuters) - A magnitude 6.3 earthquake struck near the coast of Ecuador on Friday, the European Mediterranean Seismological Centre (EMSC) said, injuring at least 20 people, damaging buildings in the city of Esmeraldas and temporarily shutting down some oil infrastructure.The quake st...Reuters
Fri, Apr 25
US natgas prices hold at 5-month low on mild weather, low 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 DiSavinoApril 25 (Reuters) - U.S. natural gas futures held near a five-month low on Friday on forecasts for mild weather through m...Reuters
Fri, Apr 25
Congo and Rwanda agree on pathway to peace in US-brokered deal
WASHINGTON, April 25 (Reuters) - Congo and Rwanda vowed to come up with a draft peace deal by May 2 and refrain from providing military support to armed groups, according to an agreement signed in Washington on Friday as part of diplomatic efforts to end violence in eastern Congo. The agreement, rea...Reuters
Fri, Apr 25
CORRECTED-WRAPUP 3-Conflicting US-China talks statements add to global trade confusion
Trump says talks underway, China says not trueTrump says he has made '200 deals' that would be completed within three to four weeks Business groups say China waives tariffs on pharmaceuticals, mulls other exemptions By Andrew Silver, Trixie Yap and David Lawder April 25 (Reuters) - U.S. P...Reuters
Fri, Apr 25
Everen Specialty adds Axa XL’s Greaves as CUO
By Mia MacGregorApril 25 - (The Insurer) - Energy-focused (re)insurer Everen Specialty has appointed former Axa XL executive Carla Greaves as its new chief underwriting officer. Greaves joins the company after nearly five years at Axa XL as global CUO for casualty in Bermuda. Before that, she spent ...Reuters
Fri, Apr 25
California proposes to allow self-driving heavy-duty truck testing
April 25 (Reuters) - The California Department of Motor Vehicles said Friday it is proposing to allow testing of heavy-duty trucks and other large vehicles on state public roads.California currently allows self-driving light-duty passenger vehicles for testing on public roads but not heavy-duty vehi...Reuters
Fri, Apr 25
US drillers add oil and gas rigs for second week in a row, Baker Hughes says
By Scott DiSavino April 25 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since February, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of fu...Reuters
Fri, Apr 25
GRAINS-Soybeans weaken on positioning, China's tariff talk denials
Soybeans ease as China denies tariff talksCorn mixed on spread trading Wheat flat with showers in U.S. Plains, southern RussiaBy Renee Hickman CHICAGO, April 25 (Reuters) - Chicago soybeans fell down after multiple days of advances on Friday as many traders exited the market on positioning and ne...Reuters
Fri, Apr 25
US refiner Phillips 66 posts bigger-than-expected quarterly loss as margins bite
Phillips 66 refining unit posts first-quarter lossAnnounces new gas plant in Permian BasinPhillips 66 results echo those of rival Valero EnergyBy Vallari Srivastava and Nicole Jao April 25 (Reuters) - Phillips 66 PSX.N reported a bigger-than-expected loss for the first quarter on Friday, hurt b...Reuters
Fri, Apr 25
