Search
News
Important Only
US natural gas prices climb 5% on return of Freeport LNG, lower output
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 7 (Reuters) - U.S. natural gas futures climbed about 5% on Wednesday on a drop in output and forecasts for demand to rise more than previously exp...Reuters
Wed, May 7
KoBold Metals agrees on framework to buy stake in Congo lithium deposit
May 7 (Reuters) - California-based metals exploration company KoBold Metals said on Wednesday that it had agreed on a framework to buy AVZ Minerals' AVZ.AX interests in the Manono lithium deposit in the Democratic Republic of Congo. The agreement will enable KoBold, which is backed by billi...Reuters
Wed, May 7
US railroad Amtrak cutting 450 positions, $100 million in annual costs
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 positions, Amtrak has eliminated a...Reuters
Wed, May 7
CBOT wheat futures edge lower on improving harvest prospects
May 7 (Reuters) - Chicago Board of Trade wheat futures ticked down on Wednesday as rains moving across the U.S. wheat belt pressured prices, traders said. The wheat market has drawn support from dryness concerns in Henan, a major wheat-producing province in China. Reduced output there could spur mor...Reuters
Wed, May 7
CBOT corn futures tick down on favorable planting weather
CHICAGO, May 7 (Reuters) - Chicago Board of Trade corn futures crept lower on Wednesday despite good demand for U.S. corn as favorable planting weather in the U.S. Midwest and the upcoming Brazilian corn harvest pressured pricesFavorable weather over the next 10 days in the U.S. Midwest is expected ...Reuters
Wed, May 7
USDA projects sharp increase in India's sugar production
May 7 (Reuters) - Following are selected highlights from a report issued by the U.S. Department of Agriculture's Foreign Agricultural Service post in New Delhi:"India's sugar production is to reach 35 million metric tons raw value in 2025/26, reflecting a 26% increase from the revised es...Reuters
Wed, May 7
EXPLAINER-How does US food safety work, and what cuts has Trump made?
By Leah Douglas, Tom Polansek May 7 (Reuters) - Recent actions by President Donald Trump's administration, including staff cuts at the Food and Drug Administration, have raised questions among consumers about food safety in the United States. Here is an explanation of how food safety inspecti...Reuters
Wed, May 7
Oil wells per location in Lower 48 US states more than double in past decade, EIA says
May 7 (Reuters) - The U.S. Energy Information Administration said on Wednesday that it estimates that the average number of oil wells completed simultaneously within 50 feet of each other in the Lower 48 states has more than doubled over the past decade.The agency said that simultaneous well complet...Reuters
Wed, May 7
Kobold Metals Says Agreed On A Framework To Buy AVZ's Interests In The Manono Lithium Deposit In DRC
May 7 (Reuters) - KOBOLD METALS - AGREED ON A FRAMEWORK TO BUY AVZ’S INTERESTS IN THE MANONO LITHIUM DEPOSIT IN THE DEMOCRATIC REPUBLIC OF CONGOKOBOLD METALS- AGREEMENT TO ENABLE KOBOLD TO DEPLOY MORE THAN $1 BILLION TO BRING MANONO LITHIUM TO WESTERN MARKETSReuters
Wed, May 7
Europe Gasoline/Naphtha-Gasoline margins rise despite US stock build
LONDON, May 7 (Reuters) - Northwest European gasoline profit margins rose by about 46 cents to $16.52 a barrel on Wednesday, even as U.S. stocks rose unexpectedly last week according to data from the Energy Information Administration. A total of 14,000 metric tons of Eurobob E10 barges traded...Reuters
Wed, May 7
US Cash Grains-Corn basis bids steady to higher in Midwest
CHICAGO, May 7 (Reuters) - Spot basis bids for corn rose at multiple locations in the U.S. Midwest on Wednesday and soybeans were steady to lower, spot checks showed, after some facilities emerged from scheduled downtime.* The corn basis rose by 10 cents at a processor in Cedar Rapids, Iowa and by 2...Reuters
Wed, May 7
Utility Vistra posts quarterly loss on derivative challenges, higher costs
By Vallari Srivastava and Katha Kalia May 7 (Reuters) - Vistra VST.N swung to a loss in the first quarter on Wednesday, as the independent power producer was hurt by setbacks in its hedging activities and higher costs, sending its shares down more than 5%.The company said the quarterly deficit...Reuters
Wed, May 7
GRAINS-Chicago soybeans choppy amid US-China trade optimism
Soybeans gained support from signs of warming trade relationsCorn, wheat lose ground on favorable weather conditionsBy Heather Schlitz CHICAGO, May 7 (Reuters) - Chicago soybean, corn and wheat futures chopped up and down on Wednesday as signs of a thaw in the trade standoff between China and the...Reuters
Wed, May 7
Oil market 'smile' suggests Saudi Arabia's output shift was well timed
OPEC+ agreed another accelerated oil output hike for JuneOil market shows tight immediate balances Driving season boosts demand, can absorb extra OPEC+ oilNew oil from Brazil, Guyana to hit market by end 2025By Robert Harvey and Dmitry Zhdannikov LONDON, May 7 (Reuters) - The oil market appears t...Reuters
Wed, May 7
US farm secretary says new dietary guidelines coming hopefully in early fall
Rollins and Kennedy working on revision of dietary guidelines$20 billion in disaster aid to farmers to begin flowing by end of month, Rollins saysLawmakers challenge significant staff departures at farm agencyBy Leah Douglas WASHINGTON, May 7 (Reuters) - U.S. Agriculture Secretary Brooke Rollins ...Reuters
Wed, May 7
Barrick Mining Says No Intention To Put Mali Operations Under Complete Care And Maintenance
May 7 (Reuters) - Barrick Mining Corp ABX.TO:BARRICK MINING CEO SAYS DON’T INTEND TO PUT MALI OPERATIONS UNDER COMPLETE CARE AND MAINTENANCE, UNLESS FORCED TO DOBARRICK MINING SAYS US REDOMICILING HAS BEEN UNDER PERIODIC BOARD REVIEW FOR YEARSSource text: Q1 Conference CallReuters
Wed, May 7
METALS-Caution about upcoming US-China talks drags copper down
By Polina Devitt LONDON, May 7 (Reuters) - Copper prices fell in London on Wednesday on subdued expectations an upcoming meeting between U.S. and Chinese officials will yield an immediate outcome after months of escalating trade tensions.Benchmark three-month copper CMCU3 on the London Metal Exch...Reuters
Wed, May 7
Paris wheat ticks lower ahead of bank holiday
PARIS, May 7 (Reuters) - European wheat prices edged lower on Wednesday as traders assessed the state of global supplies and awaited the outcome of a planned meeting between senior U.S. and Chinese officials that could be a first step towards resolving their tariff war.Benchmark September milling w...Reuters
Wed, May 7
Barrick CEO says he does not know where Mali is keeping miner's confiscated gold
CEO calls Mali's jailing of Barrick employees a human rights abuseBarrick's Mali mine shutdown follows gold confiscation worth $318 millionBarrick's Loulo-Gounkoto output excluded from 2025 production forecastBy Divya Rajagopal and Arunima Kumar May 7 (Reuters) - Barrick MiningReuters
Wed, May 7
