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US natgas prices climb 4% to 3-week high on lower output, higher demand
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 2 (Reuters) - U.S. natural gas futures climbed about 4% to a three-week high on Friday on a drop in output over recent days and forecasts for more...Reuters
Fri, May 2
White House seeks to cut TSA funding and boost air, rail safety
By David Shepardson WASHINGTON, May 2 (Reuters) - The White House said on Friday it wants to cut funding for the Transportation Security Administration by $247 million, while boosting spending on rail and air safety. The 2026 budget proposal seeks another $360 million for the Federal Aviation Adm...Reuters
Fri, May 2
Goldman Sachs Expects OPEC+ Cuts To Push Brent Into $40S In 2026
May 2 (Reuters) - GOLDMAN SACHS:SAYS IT EXPECTS OPEC8+ TO ANNOUNCE TOMORROW A SECOND CONSECUTIVE 0.41MB/D INCREASE IN SUPPLY FOR JUNEMAINTAINS BRENT/WTI AVERAGING $63/59 IN THE REMAINDER OF 2025 AND $58/55 IN 2026SAYS CONTINUES TO EXPECT MODERATE DECLINES IN IRAN SUPPLY FROM 2025H2SAYS IT CONTINUES ...Reuters
Fri, May 2
Bunge's $34 billion Viterra merger stalled by US-China trade rift, Bloomberg reports
May 2 (Reuters) - Bunge Global's BG.N $34 billion merger with Glencore-backed GLEN.L Viterra is being stalled by trade tensions between the United States and China, Bloomberg News reported on Friday, citing people familiar with the matter."We are in the final stage of regulatory approval. We...Reuters
Fri, May 2
US drillers cut oil and gas rigs for first time in three weeks, Baker Hughes says
By Scott DiSavino May 2 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, 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 future out...Reuters
Fri, May 2
PRECIOUS-Gold heads for weekly loss amid easing trade tensions, strong jobs report
US non-farm payrolls increased by 177,000 jobs last month China evaluating US offer to negotiate tariffsGold down 2.6% so far this weekBy Anjana Anil and Sarah Qureshi May 2 (Reuters) - Gold edged lower on Friday and was headed for a second consecutive weekly loss as easing trade tensions between...Reuters
Fri, May 2
Trump budget proposes slashes to renewable energy, farms, EPA
Trump proposes $15 billion cuts to renewable energy, carbon captureCancels $6 billion for EV chargersUnclear how Congress would make cuts to funds already in US law$4.5 billion in USDA cuts includes conservation programsPlan entirely cuts EPA program on environmental justice By Timothy Gardner, Vale...Reuters
Fri, May 2
US Plains HRW Wheat-Basis bids flat in quiet trade
CHICAGO, May 2 (Reuters) - Spot hard red winter wheat basis bids were unchanged in the U.S. Plains on Friday as most buyers finished rolling their basis bids to the July contract KWN25, ahead of the May contract's expiration date, and trade remained quiet as farmers assessed weather conditions f...Reuters
Fri, May 2
Chevron meets Wall Street profit estimates but cuts buybacks in Q2
Chevron maintains dividend and share buyback strategy despite lower crude pricesProduction flat year-over-year, impacted by asset salesChevron's Q1 oil and gas earnings drop from previous yearBy Sheila Dang HOUSTON, May 2 (Reuters) - Chevron CVX.N on Friday reported first-quarter earnings tha...Reuters
Fri, May 2
Argentina to bring in second LNG liquefaction vessel in 2028
BUENOS AIRES, May 2 (Reuters) - Argentina's Southern Energy floating liquefied natural gas project said on Friday it will charter a second liquefaction vessel with capacity of 3.5 million metric tons of liquefied natural gas per year from Golar LNG GLNG.O, to arrive in the country in 2028. Argen...Reuters
Fri, May 2
US drillers cut oil and gas rigs for first time in three weeks, Baker Hughes says
By Scott DiSavino May 2 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, 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 future out...Reuters
Fri, May 2
Brazil's Petrobras hikes jet fuel prices by 0.3% in May
RIO DE JANEIRO, May 2 (Reuters) - Brazilian state-run oil firm Petrobras PETR4.SA increased the price of jet fuel sold to distributors by an average 0.3% starting May 1, it said on Friday.The adjustment represents a hike of 0.01 real ($0.0018) per liter when compared to April, said Petrobras, which ...Reuters
Fri, May 2
Trump budget proposes slashes to renewable energy, farms, EPA
Trump proposes $15 billion cuts to renewable energy, carbon captureCancels $6 billion for EV chargersUnclear how Congress would make cuts to funds already in US law$4.5 billion in USDA cuts includes conservation programsPlan entirely cuts EPA program on environmental justice By Timothy Gardner, Vale...Reuters
Fri, May 2
U.S. nuclear power plant outages
May 2 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total o...Reuters
Fri, May 2
Canada's Imperial Oil posts record first quarter profit on stronger refining margins
By Amanda Stephenson and Pooja Menon May 2 (Reuters) - Canadian oil company Imperial Oil IMO.TO posted its highest-ever first-quarter earnings on Friday, driven primarily by stronger margins in its refining and fuel sales business. Imperial's strong results come amid a broader rebound...Reuters
Fri, May 2
Europe Gasoline/Naphtha-Gasoline margins ease, low stocks limit losses
LONDON, May 2 (Reuters) - Northwest European gasoline profit margins slipped by 86 cents to about $15 a barrel on Friday after sharp gains in the previous session brought about by lower inventories and sharply higher export demand. Gunvor and Litasco sold 8,000 metric tons of Eurobob E5 on barges t...Reuters
Fri, May 2
METALS-Copper extends gains on hopes for truce in trade war
By Eric Onstad LONDON, May 2 (Reuters) - Copper prices moved higher on Friday on signs that the U.S. and China were moving closer to a solution to their fractious trade war.Three-month copper on the London Metal Exchange CMCU3 gained 2% to $9,387 per metric ton by 1610 GMT after rising by nearly ...Reuters
Fri, May 2
White House seeks to cut TSA funding and boost air, rail safety
WASHINGTON, May 2 (Reuters) - The White House said Friday it wants to cut funding for the Transportation Security Administration by $247 million, while boosting spending on rail and air safety. The 2026 budget proposal seeks another $360 million for the FAA to support air traffic controller hiring a...Reuters
Fri, May 2
