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Top potash producer Nutrien misses first-quarter profit estimates on lower prices
May 7 (Reuters) - Nutrien NTR.TO fell short of Wall Street expectations for first-quarter profit on Wednesday, as the top potash producer was impacted by lower prices and higher energy costs.Trade tensions between the United States and China following U.S. President Donald Trump's tariffs have l...Reuters
Wed, May 7
CANADA-CRUDE-Western Canada Select continues to show strength, as discount narrows again
May 7 (Reuters) - Canadian heavy crude pricing continues to show strength, as the discount on Western Canada Select (WCS) to the North American benchmark West Texas Intermediate futures (WTI) CLc1 narrowed again on Wednesday.WCS for June delivery in Hardisty, Alberta, settled at $8.75 a barrel under...Reuters
Wed, May 7
Occidental Petroleum Is Not Able To Assess The Impact Of Any Final Trade Agreements Or Implemented Tariffs On Its Businesses
Occidental Petroleum Corp OXY.N:OCCIDENTAL PETROLEUM : IS NOT ABLE TO ASSESS THE IMPACT OF ANY FINAL TRADE AGREEMENTS OR IMPLEMENTED TARIFFS ON ITS BUSINESSESSource text: [ID:n0000797468-25-000076]Reuters
Wed, May 7
CIF/FOB Gulf Grain-Soybean, corn barge bids slip
CHICAGO, May 7 (Reuters) - Basis bids for soybeans delivered by barge to U.S. Gulf Coast terminals eased on Wednesday amid weaker Chinese demand, traders said.Corn barge bids were also lower.Traders said they were not getting overly excited about plans for talks between U.S. and Chinese officials be...Reuters
Wed, May 7
US states sue over Trump freeze on funds for electric-vehicle charging stations
By David Shepardson WASHINGTON, May 7 (Reuters) - California and 15 other states sued the Trump administration on Wednesday, saying the federal government was illegally withholding billions of dollars awarded to states for building electric-vehicle charging stations.The U.S. Transportation Depar...Reuters
Wed, May 7
Marubeni Corp & Exxon Mobil Sign A Long-Term Offtake Agreement
May 7 (Reuters) - Marubeni Corp 8002.T:MARUBENI CORP AND EXXON MOBIL SIGN A LONG-TERM OFFTAKE AGREEMENTEXXONMOBIL: TO SUPPLY ABOUT 250,000 TONNES OF LOW-CARBON AMMONIA ANNUALLY ON LONG-TERM BASIS TO MARUBENIEXXONMOBIL: MARUBENI AGREED TO BUY EQUITY STAKE IN EXXONMOBIL’S LOWCARBON HYDROGEN AND AMMONI...Reuters
Wed, May 7
US judge to rule by May 14 on Rio Tinto copper project opposed by Native Americans
Judge to rule on land transfer by May 14Apache Stronghold opposes mine on religious groundsRio Tinto sees project as crucial for energy transitionBy Ernest Scheyder May 7 (Reuters) - A U.S. federal judge said he will rule by May 14 on whether to block the Trump administration from transferring Ar...Reuters
Wed, May 7
LIVESTOCK-CME cattle falter on profit-taking, choppy equity markets
By Heather Schlitz CHICAGO, May 7 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures ticked down on Wednesday on falling equity markets and long liquidation, traders said. Hog futures tilted downward as Chinese retaliatory tariffs against U.S. agricultural products weig...Reuters
Wed, May 7
Exxon agrees to supply Japan's Marubeni with low-carbon ammonia
By Sheila Dang HOUSTON, May 7 (Reuters) - Exxon Mobil XOM.N has signed a long-term agreement to supply 250,000 metric tons of low-carbon ammonia annually to Japanese trading house Marubeni 8002.T, the U.S. oil producer said on Wednesday, representing Exxon's first signed customer agreement fo...Reuters
Wed, May 7
Corteva beats first-quarter profit estimates on higher seed pricing
Corteva's seed prices rose 3% in most regions, boosting core profitTotal sales fell 2% due to weakness in Europe, Latam and AsiaMay 7 (Reuters) - U.S. agrichemicals firm Corteva CTVA.N beat Wall Street expectations for first-quarter profit on Wednesday, helped by higher prices for its seeds.The ...Reuters
Wed, May 7
Texas Pacific Land misses first-quarter core profit estimates on lower oil prices
May 7 (Reuters) - Permian-focused land and royalty company Texas Pacific Land TPL.N missed Wall Street expectations for first-quarter core profit on Wednesday, as lower oil prices offset higher production.Brent crude futures LCoc1 fell on average in the first quarter from a year earlier on fears tha...Reuters
Wed, May 7
Top potash producer Nutrien misses first-quarter profit estimates
May 7 (Reuters) - Nutrien NTR.TO fell short of Wall Street expectations for first-quarter profit on Wednesday, as the top potash producer struggled with lower sales volumes.The Saskatoon, Canada-based firm posted an adjusted profit of 11 cents per share for the quarter ended March 31, compared with ...Reuters
Wed, May 7
US-Houthi ceasefire deal does not include Israel, says Houthi spokesperson
Houthis say ceasefire deal does not include IsraelTrump announces deal with HouthisAgreement does not rule out attacks on any other Israel-linked vessels By Mohammed Ghobari ADEN, May 7 (Reuters) - A ceasefire deal between Yemen's Houthis and the U.S. does not include sparing Israel, the grou...Reuters
Wed, May 7
Occidental reports quarterly profit beat on strong output, natural gas prices
May 7 (Reuters) - Occidental Petroleum OXY.N beat Wall Street estimates for first-quarter profit on Wednesday, helped by strong production and favorable commodity prices.Benchmark Brent crude LCOc1 prices averaged $74.98 a barrel during the first quarter, up 1.3% sequentially, while U.S. natural gas...Reuters
Wed, May 7
APA to sell New Mexico assets for $608 million after quarterly profit beat
May 7 (Reuters) - APA Corp APA.O said on Wednesday that it would sell its New Mexico Permian assets for $608 million as part of an effort to streamline operations and focus on core areas, after it beat Wall Street estimates for first-quarter profit.The assets, which produce about 12,400 barrels of o...Reuters
Wed, May 7
Corteva beats first-quarter profit estimates
May 7 (Reuters) - U.S. agrichemicals firm Corteva CTVA.N beat Wall Street expectations for first-quarter profit on Wednesday, helped by higher prices for its seeds.The Indianapolis-based company posted an adjusted operating profit of $1.13 per share for the three months ended March 31, compared with...Reuters
Wed, May 7
US Cash Crude-Grades little changed as Fed holds interest rates steady
May 7 (Reuters) - U.S. cash crude differentials were broadly steady on Wednesday, dealers said, as the Federal Reserve held interest rates steady. Still, the Fed also said the risks of higher inflation and unemployment had risen, further clouding the economic outlook as the U.S. central bank grapple...Reuters
Wed, May 7
US railroad Amtrak cutting 450 positions, $100 million in annual costs
By David Shepardson WASHINGTON, May 7 (Reuters) - U.S. passenger railroad Amtrak said on Wednesday it is eliminating 450 positions as it aims to cut annual costs by $100 million as future support from Congress remains uncertain.Amtrak said through a reduction-in-force process, and cutting of open...Reuters
Wed, May 7
Oil settles lower as hopes dim for US-China trade and supply worries ease
U.S.-China officials to meet over the weekendVance says 'so far, so good' with Iran nuclear talksU.S. gasoline inventories rose unexpectedly last week, EIA saysU.S. Fed held interest rate steadyBy Nicole Jao NEW YORK, May 7 (Reuters) - Oil prices fell by more than $1 a barrel on Wednesday...Reuters
Wed, May 7
