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Britain's IAG to buy Boeing and Airbus jets, sources say
US Commerce Secretary says Britain to order Boeing jetsIndustry sources say IAG to split order with AirbusDeal includes around 30 Boeing 787, 30 Airbus jets, they sayBy Andrea Shalal and Paul Sandle WASHINGTON/LONDON, May 8 (Reuters) - The United States said on Thursday Britain would purchase $10...Reuters
Thu, May 8
Texas oil drilling applications hit 4-year low as producers weigh OPEC+ hike, trade war
By Georgina McCartney HOUSTON, May 8 (Reuters) - Oil and gas drilling permit applications in Texas, the top U.S. oil-producing state, fell to their lowest last month since February 2021, consultancy Enverus said, amid concerns that rising OPEC+ supplies and a trade war will continue to hit crude ...Reuters
Thu, May 8
ICE canola futures soften following stocks report
WINNIPEG, Manitoba, May 8 (Reuters) - ICE canola futures edged lower on Thursday following a few-surprises Statistics Canada crop stocks report, despite stronger competing vegoils. • July canola RSN5 settled down 40 cents at $700.90 per metric ton. November RSX5 fell 50 cents to $662.50.• Statistics...Reuters
Thu, May 8
US Plains HRW Wheat-Spot basis bids mostly steady as futures sink to new lows
CHICAGO, May 8 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were mostly steady around the southern U.S. Plains on Thursday as easing futures prices underpinned values, grain merchants said. Most K.C. HRW wheat contracts on the Chicago Board of Trade fell on Thursday to new contract lo...Reuters
Thu, May 8
Chevron's refinery in El Segundo, California, took some units offline earlier this week - sources
NEW YORK, May 8 (Reuters) - Chevron's CVX.N 269,000-barrel-per-day (bpd) refinery in El Segundo, California, took some units offline earlier this week, energy industry intelligence service Wood Mackenzie said on Thursday.The 100,500-bpd crude distillation unit and the 56,000-bpd vacuum distillat...Reuters
Thu, May 8
China lifts suspension on five Brazilian soy exporters ahead of Lula visit
China resumes Brazilian soy imports from five firmsSuspensions were due to phytosanitary issuesMove comes ahead of Lula's state visitBy Laurie Chen and Ella Cao BEIJING, May 8 (Reuters) - China, the world's largest soybean buyer, has lifted restrictions for Brazilian soybean shipments fro...Reuters
Thu, May 8
Brazil April beef exports to the US soar despite new tariffs, beef lobby says
By Ana Mano SAO PAULO, May 8 (Reuters) - Brazilian meat exporters sold some 48,000 metric tons of beef into the United States last month despite enforcement of a new 10% tariff by Washington, Roberto Perosa, head of Brazilian beef lobby Abiec, said on Thursday. Perosa told a press conference that...Reuters
Thu, May 8
Oil prices rise 3% on support from US-China trade hopes
Crude prices supported by impending US-China talksBrent prices could drop to $50 if US-Iran deal occurs - CitiTrump heralds 'breakthrough' deal with UKBy Stephanie Kelly NEW YORK, May 8 (Reuters) - Oil prices rose around 3% on Thursday, buoyed by hopes of a breakthrough in looming trade t...Reuters
Thu, May 8
US natgas prices ease on mild weather, big storage build
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 1% over five-year normalBy Scott DiSavino May 8 (Reuters) - U.S. natural gas futures eased about 1% on Thursday after mild weather kept heating and cooling demand low last week, allowing utili...Reuters
Thu, May 8
GRAINS-Soybeans up ahead of US-China talks, corn slips on good weather
Soybeans tick higher on hopes of a trade de-escalationCorn, wheat falter on favorable weatherBy Heather Schlitz CHICAGO, May 8 (Reuters) - Chicago soybean futures crept higher on Thursday as higher soyoil futures and hopes that upcoming U.S.-China trade talks in Switzerland could reduce trade ten...Reuters
Thu, May 8
CBOT soybeans up ahead of US-China trade talks
CHICAGO, May 8 (Reuters) - Chicago Board of Trade soybeans crept higher on Thursday, buoyed by higher soyoil futures and hopes that upcoming U.S.-China trade talks in Switzerland could reduce trade tensions that have disrupted U.S. grain and oilseeds exports, analysts said.Market players have been h...Reuters
Thu, May 8
CBOT wheat down as harvest outlook improves
May 8 (Reuters) - Chicago Board of Trade wheat futures closed lower on Thursday on improved harvest prospects for wheat in the U.S. Plains and spillover weakness from corn futures, traders said.Rains over the U.S. Plains have delivered much-needed moisture to the wheat crop and have boosted yield ex...Reuters
Thu, May 8
Starmer hails second trade win in a week after UK's tariff deal with Trump
UK government agrees second deal in three daysAgreement with US does not remove all tariffsBritish industry welcomes dealBy Andrew MacAskill, Alistair Smout LONDON, May 8 (Reuters) - British Prime Minister Keir Starmer on Thursday secured a second trade pact in three days through a deal with U.S....Reuters
Thu, May 8
CBOT corn futures down on ideal planting conditions
CHICAGO, May 8 (Reuters) - Chicago Board of Trade corn futures slipped on Thursday on good planting weather and growing conditions while traders positioned ahead of this weekend's U.S.-China trade talks.Ideal U.S. weather and hopes for a thawing U.S.-China trade relationship have overridden bull...Reuters
Thu, May 8
Brazil April beef exports to the US soar despite tariffs, beef lobby says
SAO PAULO, May 8 (Reuters) - Brazilian beef exporters sold some 48,000 metric tons of beef into the United States last month despite enforcement of a new 10% tariff by Washington, Roberto Perosa, head of Brazilian beef lobby Abiec, told a press conference on Thursday. Perosa said the volume was "...Reuters
Thu, May 8
Britain's farmers welcome no weakening of import standards in US-UK deal
LONDON, May 8 (Reuters) - Britain's farmers union gave Thursday's U.S.-UK economic deal a mixed reception, welcoming the retention of British food standards on U.S. imports and reciprocal market access for beef, but flagging concern over a removal of tariffs on bioethanol.The deal gave UK fa...Reuters
Thu, May 8
REFILE-US to seek UN sanctions on ships taking North Korean coal to China
May 7 (Reuters) - The United States said on Wednesday it plans to call for U.N. sanctions against vessels identified as taking part in circumvention of United Nations resolutions to combat North Korea's nuclear and missile programs.The British-based Open Source Centre issued a report on Wednesda...Reuters
Thu, May 8
Cheniere's Q1 core profit, revenue beat estimates on strong LNG margins
Cheniere Energy beats estimates for core profit and revenue.Company expects first LNG from second train expansion this month.US/China trade war will not impact 2025 earnings, company says By Curtis Williams May 8 (Reuters) - Cheniere Energy LNG.N, the largest U.S. liquefied natural gas exporter,...Reuters
Thu, May 8
Marathon refinery in Carson, California, reports flaring due to process upset
NEW YORK, May 8 (Reuters) - Marathon Petroleum MPC.N on Thursday reported flaring at its 365,000-barrel-per-day (bpd) refinery in Carson, California, according to a regulatory filing on Thursday.The flaring event was due to a process upset, the Governor's Office Emergency Services filing said. I...Reuters
Thu, May 8
