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EUROPE GAS-Prices rise as US-Iran fighting flares
President Trump reports attacks on U.S. Navy destroyers in Strait of HormuzIran accuses U.S. of ceasefire violations and attacks on civilian areasFurther price adjustments expected owing to U.S.-Iran tensions LONDON, May 8 (Reuters) - Dutch and British wholesale gas prices rose on Friday morning ...Reuters
Fri, May 8
TECHNICALS-NY cocoa could test support at $4,315
For more technical analyses, please click SINGAPORE, May 8 (Reuters) - New York July cocoa CCN6 could test support at $4,315 a metric ton, a break below which could trigger a fall into a range of $4,167-$4,230.After its failure to break resistance at $4,555, the contract started a correction. A gap ...Reuters
Fri, May 8
TECHNICALS-CBOT wheat may retest resistance at $6.16
SINGAPORE, May 8 (Reuters) - CBOT July wheat WN26 may retest a resistance at $6.16 per bushel, a break above which may lead to a gain into $6.20 to $6.25-3/4 range.The final part of a wave c from $6.50-1/4 has been shaped into a falling wedge, which is classified as a bottom pattern, as a bullish di...Reuters
Fri, May 8
World food prices extend rise in April for a third month, FAO says
LONDON, May 8 (Reuters) - World food prices climbed in April for a third consecutive month, with vegetable oil prices particularly elevated due to disruptions linked to the Iran war, the United Nations Food and Agriculture Organization said on Friday.The FAO Food Price Index, which measures changes ...Reuters
Fri, May 8
Indian minister says probe into Air India Dreamliner crash is in final stage, report due in a month
NEW DELHI, May 8 (Reuters) - India's civil aviation minister said on Friday that the investigation into the Air India Boeing BA.N Dreamliner crash that killed 260 people last year is in the "last stage".The final report into the crash will "mostly" be released in one month, minis...Reuters
Fri, May 8
China confirms attack on oil tanker in Strait of Hormuz, no casualties reported
By Lewis Jackson and Sam LiBEIJING, May 8 (Reuters) - China’s foreign ministry confirmed on Friday that an oil products tanker carrying Chinese crew was attacked in the Strait of Hormuz, and expressed deep concern about vessels affected by the ongoing conflict in the Middle East.There are Chinese na...Reuters
Fri, May 8
MOVES-ExxonMobil reshuffles Asia leadership, names new China chairman
SINGAPORE, May 8 (Reuters) - ExxonMobil XOM.N has appointed Koh Tze San as chairman of ExxonMobil China effective from this month as the U.S. oil major adjusts its regional management structure, according to a company announcement on Friday.Koh, who will continue to serve as president of ExxonMobil ...Reuters
Fri, May 8
METALS-London copper rises to three‑month peak on ceasefire hopes
Analysts say fundamentals are strong as data centres drive demandHopes for Middle East are supportive of a metal linked to economic health May 8 (Reuters) - London copper prices rose to a more than three-month high on Friday, keeping them on track for a weekly rise as the markets assessed the U.S...Reuters
Fri, May 8
TECHNICALS-CBOT corn stabilize around $4.64-1/2 and rise
SINGAPORE, May 8 (Reuters) - CBOT July corn CN26 may stabilize around a support at $4.64-1/2 per bushel and retest a resistance at $4.68-1/2. The right shoulder of an inverted head-and-shoulders is developing toward $4.64-1/2, close to the left shoulder. The pattern will be confirmed when the market...Reuters
Fri, May 8
No massive flight cancellations expected this summer in France, minister says
PARIS, May 8 (Reuters) - French Transport Minister Philippe Tabarot said on Friday he did not expect massive flight cancellations this summer by airlines due to a shortage of jet fuel. Most airlines have no interest in cancelling flights during the summer when they make most of their revenues, thou...Reuters
Fri, May 8
BW Offshore Announces Catcher Contract Extension
May 8 (Reuters) - BW Offshore Ltd BWO.OL:SAID ON THURSDAY IT ENTERED INTO AGREEMENT WITH CATCHER FIELD PARTNERS TO AMEND CONTRACT PERIOD FOR FPSO BW CATCHERAMENDMENTS CONVERT CURRENT CONTRACT INTO AGREEMENT WITH DEFINED END OF TERM FRAMEWORK TO 31 DECEMBER 2030 (+/- 6 MONTHS), REMOVE PREVIOUS UNILAT...Reuters
Fri, May 8
TECHNICALS-CBOT July soybeans may retrace to $11.86-1/2 before rising
For more technical analyses, please click SINGAPORE, May 8 (Reuters) - The CBOT July soybeans SN26 may retrace moderately to $11.86-1/2 per bushel, before rising again.A small head-and-shoulders could be developing. The right shoulder is expected to complete around $11.86-1/2, near the low of the le...Reuters
Fri, May 8
TABLE-North Sea gas maintenance schedule: Adds UGS Bergermeer outage
May 8 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAGE...Reuters
Fri, May 8
Russia says Ukraine violates ceasefire, Russian forces respond in kind
MOSCOW, May 8 (Reuters) - Russia's defence ministry said on Friday that Ukraine violated a ceasefire announced by Moscow to cover the celebrations of the Soviet Union's victory over Nazi Germany."Despite the declaration of a ceasefire, Ukrainian armed groups continued to launch attacks u...Reuters
Fri, May 8
Russia says 13 airports in Russia's south halt operations due to drone attack
MOSCOW, May 8 (Reuters) - Russian transport ministry said on Friday that 13 airports in Russia's south halted operations due to drone attacks."Operations at the regional centre in Rostov-on-Don, which manages air traffic in southern Russia, have been temporarily suspended after Ukrainian dro...Reuters
Fri, May 8
Asia gets first Mexican fuel oil cargo in 9 months after Mideast disruption
Higher Asian prices vs West, Mideast shortage open arbitragePMI offers HSFO cargo for June arrival in tenderAmericas HSFO supply in excess as Venezuelan oil exports riseBy Jeslyn Lerh and Stefanie Eschenbacher SINGAPORE/MEXICO CITY, May 8 (Reuters) - Asia received its first fuel oil cargo from Me...Reuters
Fri, May 8
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