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Silver price rallies to two-month high as US-Iran tensions boost haven demand
Silver (XAG/USD) extends its rally on Monday and trades around $84.85 at the time of writing, up 5.60% on the day. The white metal continues its bullish momentum, breaking to fresh two-month highs, supported by strong safe-haven demand amid escalating geopolitical tensions in the Middle East.
Silver
Fxstreet
Mon, May 11
EXCLUSIVE-India declines Russian LNG under sanctions, talks continue on permitted cargoes, sources say
India not keen to buy LNG subject to sanctions despite talks, say sourcesTanker carrying unauthorised LNG diverted after talks falter, says sourceIndia conveyed decision to Russian deputy energy minister - sourceBy Krishna N. Das and Nidhi Verma NEW DELHI, May 11 (Reuters) - India has declined Ru...
Reuters
Mon, May 11
Brazilian inspectors fine Sigma Lithium for using banned waste pile
RIO DE JANEIRO, May 11 (Reuters) - Brazilian labor inspectors have fined Sigma Lithium SGML.V for depositing waste in a pile that they had shut down because it posed a "grave and imminent" risk to workers and the local community, the inspectors told Reuters in a statement.Three of Sigma'...
Reuters
Mon, May 11
OPEC oil output hits new low in April on Hormuz export disruption, Reuters survey finds
OPEC April output plunges 830,000 bpdEight OPEC+ producers had pledged to raise output before Iran war forced export cutsBiggest drop is in KuwaitBy Alex LawlerLONDON, May 11 (Reuters) - OPEC oil output dropped further in April to the lowest in more than two decades, a Reuters survey found, as the ...
Reuters
Mon, May 11
US natgas futures rise 3% as output falls and Waha prices stay negative
Waha Hub prices remain negative for record 66 days due to Permian pipeline constraintsRecent output declines as producers like EQT cut production amid low spot pricesGas storage surplus to narrow to 6% above normal as demand rises with near-normal weatherBy Scott DiSavino NEW YORK, May 11 (Reuter...
Reuters
Mon, May 11
CBOT Trends-Wheat up 8-9 cents, corn up 3-5, soy up 9
CHICAGO, May 11 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Monday: WHEAT - Up 8 to 9 cents per bushelCBOT wheat Wv1 futures gained ground with support from firmer oil prices, whi...
Reuters
Mon, May 11
Exporters sell US corn to South Korea- USDA
May 11 (Reuters) - The U.S. Department of Agriculture confirmed the following sales of grains and oilseeds for export. Date reportedValue (tonnes)CommodityDestinationYearVolume previously reported unknownMay 11128,000CornSouth Korea2025/2026May 11160,000 CornMexico2026/2027May 11220,000CornMexico202...
Reuters
Mon, May 11
Equinor receives permission to start latest Troll gas phase
OSLO, May 11 (Reuters) - Norway's petroleum safety regulator said on Monday it has given Equinor EQNR.OL permission to start gas production from the latest development at the company's offshore Troll field, the North Sea's largest source of natural gas.The Troll Phase 3 stage 2 facilitie...
Reuters
Mon, May 11
Aramco, TotalEnergies joint venture SATORP partially on stream, Aramco CEO says
DUBAI, May 11 (Reuters) - Saudi Aramco's 2222.SE refining joint venture with French oil major TotalEnergies TTEF.PA, SATORP, has been partially brought back on stream and work is underway to fully restore operations. One of the SATORP refinery's processing trains in Saudi Arabia had been d...
Reuters
Mon, May 11
Fervo Energy eyes $7.4 billion valuation in upsized US IPO
May 11 (Reuters) - Geothermal power developer Fervo Energy said on Monday it was targeting up to a $7.37 billion valuation in its U.S. upsized initial public offering, underscoring strong investor interest for the listing.The Houston, Texas-based geothermal company is now seeking up to $1.82 bil...
Reuters
Mon, May 11
PRESS DIGEST-Canada - May 11
May 11 (Reuters) - The following are the top stories from Canadian newspaper The Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILOttawa, Montreal, Vancouver and Toronto are competing to host the Defence, Security and Resilience Bank, whi...
Reuters
Mon, May 11
Constellation Energy tops profit estimates on strong power demand, Calpine boost
May 11 (Reuters) - U.S. power company Constellation Energy CEG.O beat Wall Street estimates for first-quarter adjusted profit on Monday, helped by rising power demand and contributions from its recently acquired Calpine assets.Shares of the company rose nearly 5% in premarket trading.U.S. power cons...
Reuters
Mon, May 11
RPT-ROI-Hormuz closure extends well beyond oil to threaten Chinese EVs: Russell
By Clyde Russell LAUNCESTON, Australia, May 11 (Reuters) - Buyers of electric vehicles and consumers of a diet cola in India may seem to be two groups with little in common, but they are both at risk from the fallout from the ongoing closure of the Strait of Hormuz.The longer the narrow waterway ...
Reuters
Mon, May 11
Gold gaps lower as higher-for-longer Fed outlook weighs on sentiment
Gold (XAU/USD) opens the week with a bearish gap as persistent uncertainty surrounding the US-Iran war continues to fuel Oil-driven inflation fears, maintaining pressure on central banks to keep borrowing costs elevated.
Gold
Fxstreet
Mon, May 11
NORDIC POWER-Front-quarter rates hit over seven-week high on dry weather, low water reserves
May 11 (Reuters) - Nordic front-quarter power rates climbed to their highest in more than seven weeks on Monday, supported by drier weather forecasts and as water reserves continued to hover around eight-year lows in the hydropower-reliant region.The Nordic front-quarter baseload power contract NSBL...
Reuters
Mon, May 11
Cannabis producer Cronos' Q1 net revenue rises 40% to record, helped by Israel sales
OverviewCanada cannabis producer's Q1 net revenue grew 40% yr/yr to record levelsNet income for Q1 more than doubled yr/yr, driven by higher sales volumes and pricesCompany authorized $50 mln share repurchase program, succeeding previous buyback planOutlookCompany expects CanAdelaar acquisition ...
Reuters
Mon, May 11
Blackstone and Halliburton said to invest $1 billion in VoltaGrid- Bloomberg News
-- Source link: https://tinyurl.com/mr3a6j2m-- Note: Reuters has not verified this story and does not vouch for its accuracy
Reuters
Mon, May 11
Syria selects offshore block for first deep-water oil, gas project with Chevron
May 11 (Reuters) - Syria has identified an offshore site for its first deep-water oil and gas exploration project with U.S. major Chevron and Qatar’s UCC Holding, the Syrian Petroleum Company said on Monday.The move is part of a broader push by Syria’s new government to attract foreign investment in...
Reuters
Mon, May 11
Hengli’s former Singapore arm dismisses staff after US sanctions - Bloomberg News
-- Source link: https://tinyurl.com/ycxud2xj-- Note: Reuters has not verified this story and does not vouch for its accuracy
Reuters
Mon, May 11
GRAINS-Soybeans rise on China demand hopes, higher oil prices support wheat
Soybean futures rise ahead of Trump's China visit this weekWheat, corn prices rise amid gains in crude oil By Naveen Thukral and Michael Hogan SINGAPORE/HAMBURG, May 11 (Reuters) - Chicago soybeans and corn rose on Monday, supported by expectations of purchases from China as U.S. President Do...
Reuters
Mon, May 11
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