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Chinese oil tanker exits Strait of Hormuz, stops at Gulf of Oman, data shows
By Siyi Liu and Florence Tan SINGAPORE, May 13 (Reuters) - A Chinese supertanker carrying two million barrels of Iraqi crude sailed through the Strait of Hormuz on Wednesday after being stranded in the Gulf for more than two months due to the U.S.-Iran war, LSEG and Kpler ship-tracking data showe...Reuters
2 hours ago
Trump, Xi to weigh tariff cuts on $30 billion of imports in managed trade push
US, China consider tariff cuts on non-sensitive goodsPlan avoids pushing China to change economic model, aims for numerical trade targetsTalks may expand to investment, but US lawmakers warn against opening vehicle sectorBy David Lawder WASHINGTON, May 13 (Reuters) - The U.S. and China are expect...Reuters
2 hours ago
OPEC lowers 2026 global oil demand growth forecast
LONDON, May 13 (Reuters) - OPEC on Wednesday lowered its forecast for world oil demand growth in 2026, a copy of its monthly oil report showed, joining other forecasters such as the International Energy Agency that have reduced their expectations due to the Iran war.OPEC also raised its forecast for...Reuters
2 hours ago
NORDIC POWER-Forward rates edge up on low water reserves
May 13 (Reuters) - Nordic forward power contracts rose on Wednesday as water reserves in the hydropower-reliant region dipped, though lower European gas prices capped further gains.The Nordic front-quarter baseload power contract NSBLQc1 rose 0.4 euros, or 0.7%, to 60.1 euros per megawatt hour (MWh)...Reuters
3 hours ago
Serbia remains dissatisfied with MOL's proposals over NIS oil firm
BELGRADE, May 13 (Reuters) - Belgrade is not satisfied with a revised proposal by Hungary's MOL MOLB.BU in relation to its purchase of a majority stake in Serbia's oil company NIS NIIS.BEL, the country's energy minister said on Wednesday. The talks to establish relations with the governm...Reuters
3 hours ago
Vietnam state oil company urges US Navy to allow tanker through blockade, document shows
By Florence Tan, Jonathan Saul and Phil Stewart SINGAPORE, May 13 (Reuters) - The trading arm of Vietnam's state oil company has urged the U.S. Navy to allow a crude oil tanker laden with Iraqi oil to sail through its blockade in the Middle East Gulf to provide a Vietnamese refinery with crit...Reuters
3 hours ago
German government does not see any problem with energy supply, spokesperson says
BERLIN, May 13 (Reuters) - The German government sees no issue with energy supplies in the country and kerosene reserves are sufficient for this year, a spokesperson told a regular briefing on Wednesday.Reuters
3 hours ago
UAE-owned tanker leaks some fuel off Oman following Iranian strike
Vessel struck by Iranian drones in Hormuz strait last weekCompany says it is working with authorities, response teamsIran's closure of strait has raised ecological risks DUBAI, May 13 (Reuters) - A unit of state-owned Abu Dhabi National Oil Company said on Wednesday that one of its tankers st...Reuters
3 hours ago
Israel's Kamada Q1 revenue rises less than expected, hurt by shipment delay
OverviewIsrael biopharma firm's Q1 revenue rose 3% yr/yr but missed analyst expectationsNet income for Q1 increased 4% yr/yr; results impacted by temporary shipment delayCompany reaffirmed 2026 revenue and adjusted EBITDA guidanceOutlookKamada affirms 2026 revenue guidance of $200 mln to $205 ml...Reuters
3 hours ago
Xtant Medical Q1 revenue falls less than expected, outlook raised
OverviewU.S. spinal surgical solutions firm's Q1 revenue fell yr/yr but beat analyst expectationsAdjusted EPS for Q1 met analyst expectationsCompany raised 2026 revenue guidance on new hemostatic product distribution agreementOutlookXtant Medical raises 2026 revenue guidance to $101-$105 mln fro...Reuters
3 hours ago
Apple, Boeing, Citi, Tesla, Meta executives to join Trump's China trip
WASHINGTON, May 13 (Reuters) - More than one dozen CEOs and top executives will join the U.S. delegation as President Donald Trump travels to China this week, according to a White House official. The companies include: Apple (Tim Cook)Blackrock (Larry Fink)Blackstone (Stephen Schwarzman)Boeing (...Reuters
3 hours ago
Zelenskiy hopes Trump will discuss Ukraine war on China visit
KYIV, May 13 (Reuters) - President Volodymyr Zelenskiy said on Wednesday he hoped that U.S. President Donald Trump will discuss ending the war in Ukraine during his visit to China.Ukraine has repeatedly urged China, which has close ties with Russia, to play a bigger role in bringing peace closer.Reuters
3 hours ago
Japan's Inpex raises full-year profit forecast as oil prices climb
By Yuka Obayashi TOKYO, May 13 (Reuters) - Japan's biggest oil and gas explorer Inpex 1605.T on Wednesday raised its full-year net profit forecast, citing higher expected crude oil prices and a weaker yen amid the Middle East crisis.Inpex revised its annual net profit forecast for 2026 to a r...Reuters
3 hours ago
Mercedes Benz CEO: current EU rules have not spurred intended shift away from combustion engines
BRUSSELS, May 13 (Reuters) - Current European Union rules such as an outright ban on internal combustion car engines in 2035 have not spurred the intended shift to electric vehicles, Mercedes Benz MBGn.DE Chief Executive Ola Kallenius said on Wednesday. It is obvious the legislation on 2035 emiss...Reuters
3 hours ago
EU does not expect serious jet-fuel supply issue in short term, commissioner says
PARIS, May 13 (Reuters) - The European Union does not expect a serious jet-fuel supply issue in the short term linked to the U.S.-Iran war, EU energy commissioner Dan Jorgensen told reporters on Wednesday."We don't expect a very serious security of supply issue on a very short term. But we c...Reuters
3 hours ago
EU's rising reliance on US gas brings risks, regulators warn
EU sourced 58% of its LNG from the US last yearShift away from Moscow is accelerating the imbalanceRegulators warn of a new single-supplier dependence.By Kate Abnett BRUSSELS, May 13 (Reuters) - The European Union's growing reliance on U.S. gas carries risks, including rising dependence on a ...Reuters
3 hours ago
Nigeria fuel demand rises as Dangote drives near-full refining capacity
By Camillus EbohMay 13 (Reuters) - Nigeria's petrol consumption rose in April, while domestic refining surged to near full capacity, led by strong output from the Dangote refinery, data from the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) showed on Wednesday.Average...Reuters
4 hours ago
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