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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
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
Asia Naphtha/Gasoline-Naphtha prices climb, mirroring Brent gains
NEW DELHI, May 11 (Reuters) - Asia's naphtha prices rose on Monday in tandem with a rally in crude oil prices although discussion on June-loading cargoes continued even at high prices.The price for second-half June climbed by about $62 to $1,028.50 per metric ton. The crack for Asia rose by abou...Reuters
Mon, May 11
Iran planned for US blockade's effect on oil sector, minister says
DUBAI, May 11 (Reuters) - Iran's oil sector has faced some issues since the start of a U.S. maritime blockade on Iranian ports, but the oil ministry has taken countermeasures, Iran's Oil Minister Mohsen Paknejad said on Monday to state TV, without specifying the measures. "During the 40 ...Reuters
Mon, May 11
Britain to take powers to fully nationalise British Steel, Starmer says
LONDON, May 11 (Reuters) - Britain could fully nationalise British Steel under new plans announced on Monday by Prime Minister Keir Starmer, who said it had not been possible to sell the Chinese-owned business the government saved from closure last year. Starmer said his government would bring ...Reuters
Mon, May 11
Canada's Barrick Mining Q1 revenue surges, adjusted EPS beats expectations
OverviewCanada mining giant's Q1 adjusted EPS rose 180% yr/yr, beating analyst expectationsQ1 revenue increased 67% yr/yr, driven by higher gold production and pricesCompany announced $3 bln share buyback program and quarterly dividendOutlookBarrick expects Q2 gold production of 730,000–770,000 ...Reuters
Mon, May 11
Canada's Orla Mining Q1 revenue surges on Musselwhite acquisition
OverviewCanada gold miner's Q1 revenue surged yr/yr, driven by Musselwhite mine acquisitionAdjusted EPS for Q1 rose to $0.39 from $0.12 a year agoCompany declared a quarterly dividend of $0.015 per shareOutlookOrla Mining maintains 2026 gold production guidance of 340,000–360,000 ouncesCompany e...Reuters
Mon, May 11
Barrick Mining beats first-quarter profit estimates
May 11 (Reuters) - Barrick Mining ABX.TO beat Wall Street estimates for first-quarter profit on Monday as higher gold prices offset lower production. The Canadian gold miner reported an adjusted profit of 98 cents per share for the three months ended March 31, compared with analysts' average...Reuters
Mon, May 11
ANALYSIS-Spirit's exit lifts airfares, but budget model remains under pressure
Spirit exit gives rivals room to raise faresJetBlue, Frontier have biggest route overlapFuel spike limits gains for budget carriersAllegiant stands apart among low-cost rivalsBy Rajesh Kumar Singh CHICAGO, May 11 (Reuters) - The collapse of Spirit Airlines, one of the industry's fiercest disc...Reuters
Mon, May 11
Mapping the Market: Silver prices may be on the road to recovery
By Christopher RomanoMay 11 (Reuters) - Silver prices have struggled since tumbling dramatically in January and then slumping again at the start of the Iran war, but technical analysis suggests they might be on the mend. Silver has stabilized since its tailspin took it to a three-month low of $60.94...Reuters
Mon, May 11
Zelenskiy says some 20 countries interested in drone deals with Ukraine
May 11 (Reuters) - Nearly 20 countries are interested in drone deals with Ukraine and four agreements have already been signed, Ukrainian President Volodymyr Zelenskiy said on Monday."Nearly 20 countries are currently involved at various stages: 4 agreements have already been signed, and the fir...Reuters
Mon, May 11
Britain to take powers to fully nationalise British Steel, Starmer says
LONDON, May 11 (Reuters) - Britain will bring forward legislation to get powers to fully nationalise British Steel, Prime Minister Keir Starmer said on Monday, saying a commercial sale had not been possible after the government stepped in to stop its furnaces closing last year.Reuters
Mon, May 11
Germany extends employment guarantee at Schwedt PCK refinery
BERLIN, May 11 (Reuters) - The German government has extended employment guarantees for staff of the PCK refinery in the eastern town of Schwedt by a further six months until the end of 2026, Economy Minister Katherina Reiche told Reuters on Monday. Germany is scrambling to find alternative oil supp...Reuters
Mon, May 11
WTI Oil tests levels above $96.00 as hopes of Hormuz reopening fade
Crude Oil prices have opened the week in a bullish tone, following US President Donald Trump’s rejection of Iran’s latest peace proposal. The US benchmark West Texas Intermediate (WTI) has jumped by about $4, from Friday’s close around $91.75 to $95.70 at the time of writing.
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Mon, May 11
Germany extends employment guarantee at Schwedt PCK refinery
BERLIN, May 11 (Reuters) - German Economy Minister Katherina Reiche told Reuters on Monday that the government has extended employment guarantees for staff of the PCK refinery in Schwedt by a further six months until the end of 2026."In order to further stabilise the site and provide employees w...Reuters
Mon, May 11
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