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Ukraine's Zelenskiy confirms US announcement of ceasefire, prisoner exchange
May 8 (Reuters) - Ukrainian President Volodymyr Zelenskiy on Friday confirmed a three-day ceasefire had been arranged with Russia as part of U.S. efforts to negotiate an end to the more than four-year-old war.Zelenskiy, writing on Telegram, also said each of the two sides would be exchanging 1,000 p...
Reuters
Fri, May 8
Spirit Airlines grounding could help ease shortages in tight engine market
More A320neo planes available in the US after Spirit's demiseYoung Spirit A320neo jets are being dismantled for partsStrong demand for RTX Pratt & Whitney GTF engineBy Allison Lampert and Doyinsola Oladipo NEW YORK, May 8 (Reuters) - The recent grounding of U.S. budget carrier Spirit Airl...
Reuters
Fri, May 8
Ukraine's Zelenskiy confirms US announcement of ceasefire, prisoner exchange
May 8 (Reuters) - Ukrainian President Volodymyr Zelenskiy on Friday confirmed a three-day ceasefire had been arranged with Russia as part of U.S. efforts to negotiate an end to the more than four-year-old war.Zelenskiy, writing on Telegram, also said each of the two sides would be exchanging 1,000 p...
Reuters
Fri, May 8
CANADA RESEARCH ROUNDUP-Aritzia, Knight Therapeutics, WSP Global
May 8 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies, including Aritzia, Knight Therapeutics and WSP Global, on Friday. HIGHLIGHTS Aritzia Inc ATZ.TO: Canaccord Genuity raises target price to C$182 from C$166Fortis Inc FTS.TO: Barcl...
Reuters
Fri, May 8
Gold swells as Middle East peace hopes hit the US Dollar
Gold (XAU/USD) rises some 0.75% on Friday as financial markets remain optimistic about a possible end to the Middle East conflict, which could potentially drive Oil prices lower and ease inflationary pressures.
Gold
Fxstreet
Fri, May 8
Freeport LNG plant in Texas expected to reduce output for maintenance in coming days, sources say
Unplanned maintenance may last through May, three LNG cargoes canceled, sources sayOutage coincides with elevated global LNG prices amid Middle East supply disruptionsFreeport LNG has struggled with consistent operations, recently running near full capacityBy Marwa Rashad and Curtis Williams LOND...
Reuters
Fri, May 8
PRECIOUS-Gold firms and heads for weekly gain on US-Iran deal hopes
US employment increased more than expected in AprilUS expects Iranian response to peace proposal Silver, platinum head for weekly gainBy Ashitha Shivaprasad May 8 (Reuters) - Gold drifted higher on Friday and headed for a weekly gain as optimism over a potential end to the Iran conflict helped ea...
Reuters
Fri, May 8
US Cash Grains-Corn basis steady to higher as futures seesaw
CHICAGO, May 8 (Reuters) - Basis bids for corn firmed at some ethanol plants and other kinds of processors in the U.S. Midwest on Friday as Chicago Board of Trade corn futures moved choppily around unchanged with renewed fighting between the U.S. and Iran and firmer crude oil prices providing limit...
Reuters
Fri, May 8
Edison expects to receive two-thirds of contracted Qatari LNG supply after peace deal
By Francesca Landini MILAN, May 8 (Reuters) - QatarEnergy's European customer Edison EDNn.MI expects the Gulf producer to be able to initially supply about two-thirds of contracted volumes of liquefied natural gas after any peace deal between the United States and Iran, the Italian group'...
Reuters
Fri, May 8
Freeport Texas LNG facility expected to reduce service for maintenance in coming days, sources say
HOUSTON, May 8 (Reuters) - U.S. LNG exporter Freeport LNG is expected to reduce its output in the coming days due to unplanned maintenance, sources said.Maintenance work on the Texas facility, the third largest LNG export facility in the U.S., could last through May, the sources said.Freeport LNG ha...
Reuters
Fri, May 8
US drillers add oil and gas rigs for third week in a row, says Baker Hughes
By Scott DiSavino NEW YORK, May 8 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for a third week in a row, the first three-week streak of increases since early February, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and ...
Reuters
Fri, May 8
INSIGHT-Trump’s crackdown on China-linked solar firms stalls U.S. factory boom
Installers, banks, insurers shun China-linked U.S. solar factoriesIndustry awaits guidance on new subsidy restrictionsFinancing delays threaten new U.S. power capacity as demand soarsBy Nichola Groom May 8 (Reuters) - Top solar companies, banks and insurers have stopped doing business with at lea...
Reuters
Fri, May 8
US drillers add oil and gas rigs for third week in a row, says Baker Hughes
By Scott DiSavinoNEW YORK, May 8 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for a third week in a row for the first time since early February, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.
Reuters
Fri, May 8
United States Baker Hughes US Oil Rig Count came in at 410, above expectations (409)
United States Baker Hughes US Oil Rig Count came in at 410, above expectations (409)
Fxstreet
Fri, May 8
PPL sees robust data center demand, tops estimates on higher Kentucky rates
By Varun Sahay and Dharna BafnaMay 8 (Reuters) - PPL Corp PPL.N on Friday underscored rising data-center power demand, citing a strong pipeline of requests and future load growth, as it narrowly beat first-quarter profit estimates, helped by higher retail rates in Kentucky.U.S. electricity demand ...
Reuters
Fri, May 8
METALS-Copper hits three‑month high on longer Grasberg mine recovery
May 8 (Reuters) - Copper climbed to a three-month high on Friday and was on track for its best week of 2026 so far after Freeport-McMoRan FCX.N flagged a slight delay in the recovery of production at its Grasberg mine in Indonesia, tightening supply expectations.Benchmark three-month copper CMCU3 on...
Reuters
Fri, May 8
MOVES-Top distillate trader departs Gunvor, sources say
By Georgina McCartney, Arathy Somasekhar and Liz Hampton HOUSTON, May 8 (Reuters) - Houston-based distillate trader Zak Banks is departing global commodity trading house Gunvor [RIC:RIC:GGL.UL], three sources told Reuters on Friday. The reason for his departure was unclear. Gunvor declined to com...
Reuters
Fri, May 8
Enbridge sees best North American energy investment climate in over a decade
Enbridge eyes $10-20 billion in new capital investments over next 24 monthsCompany views rival Canadian pipeline proposals as a sign of industry confidence and growthCEO Greg Ebel highlights surge in demand for crude oil export capacity at Ingleside terminalBy Amanda StephensonMay 8 (Reuters) - The ...
Reuters
Fri, May 8
Europe Gasoline/Naphtha-Gasoline refining margins firm on tight supplies
LONDON, May 8 (Reuters) - Northwest European gasoline refinery margins rose by about 90 cents on Friday to $26.91 a barrel, supported by tighter supplies and strong buying demand.About 23,000 metric tons of E5 gasoline barges traded in the Argus window as BP, Shell, Equinor and Trafigura sold to Tot...
Reuters
Fri, May 8
Higher US LNG Supply Eases Hormuz Impact, Though Less Than Expected, Goldman Says
May 8 (Reuters) - GOLDMAN SACHS: HIGHER US LNG SUPPLY MODERATING IMPACT FROM HORMUZ, BUT NOT AS MUCH AS WE EXPECTEDUS LNG SUPPLY STARTED THE YEAR UP YEAR ON YEAR, FOLLOWING THE START UP OF NEW EXPORT CAPACITY IN 2025, WHICH HAS HELPED MODERATE THE IMPACT ON GLOBAL LNG MARKETS OF THE ONGOING 80 MTPA ...
Reuters
Fri, May 8
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