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TABLE-UAE's Fujairah oil inventory remains at record lows of 6.5 million barrels
May 13 (Reuters) - Stocks for refined oil products at the Fujairah Oil Industry Zone in the United Arab Emirates were little changed week-on-week, data showed on Wednesday, but remain at record lows after the U.S.-Iran war disrupted energy supplies in the region.Total stocks, which include light and...Reuters
6 hours ago
WTI Price Forecast: Struggles to reclaim $100, outlook remains firm
West Texas Intermediate (WTI), futures on NYMEX, corrects to near $97.20 during the European trading session on Wednesday. The Oil price gives back some of its recent gains as escalating hawkish Federal Reserve (Fed) bets have raised concerns over the oil demand outlook.
Fxstreet
6 hours ago
CORRECTED-EU discussing tax on energy firms' war-linked profits, ministers says
NICOSIA, May 13 (Reuters) - European Union energy ministers are discussing the creation of a tax on energy companies' windfall profits from the price hikes that followed the eruption of the Iran war, Greek Energy Minister Stavros Papastavrou said on Wednesday.Spanish Energy Minister Sara Aagesen...Reuters
8 hours ago
Nippon Steel's fiscal year profit down 95%
TOKYO, May 13 (Reuters) - Nippon Steel 5401.T, Japan's biggest steelmaker, on Wednesday posted 17.2 billion yen ($109 million) in net profit for the fiscal year ended in March, down 95% from the year earlier. Nippon Steel, which bought U.S. Steel X.MX for $15 billion last year and pledged massi...Reuters
8 hours ago
TABLE-North Sea gas maintenance schedule: Revises Subterminal Bacton outage
May 13 (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.OPERATORLOCATIONOUTAG...Reuters
8 hours ago
Ukrainian drone attack sparks fire at gas plant in Russia's Astrakhan region, governor says
MOSCOW, May 13 (Reuters) - Debris from a Ukrainian drone attack caused a fire on Wednesday at a gas processing plant in Russia's southern Astrakhan region, the local governor said."All enemy aircraft were either shot down or neutralised by electronic warfare systems," Igor Babushkin wrot...Reuters
8 hours ago
TECHNICALS-CBOT corn to fall toward $4.71-1/4 to $4.74-1/4 range
SINGAPORE, May 13 (Reuters) - CBOT July corn CN26 may break a support at $4.77-1/4 per bushel, and fall toward a range of $4.71-1/4 to $4.74-1/4. A five-wave cycle from $4.61 could have completed, following the market's failure to break a resistance at $4.81. The current correction is expected t...Reuters
8 hours ago
BP Enters North Ustyurt PSA In Uzbekistan
May 13 (Reuters) - BP PLC BP.L:BP: BP ENTERS NORTH USTYURT PSA IN UZBEKISTAN:BP: ACQUIRED TOTAL 40% PARTICIPATING INTEREST IN THE PSA – 20% FROM EACH OF THE EXISTING PARTNERS SOCAR AND UZBEKNEFTEGAZBP: AGREEMENT INCLUDES THE BOYTERAK, TERENGQUDUQ, BIRQORI, KHAROY, QORAQALPOQ AND QULBOY BLOCKSBP: CON...Reuters
8 hours ago
TECHNICALS-CBOT July soybeans may retrace into $12.09-$12.15 range
For more technical analyses, please click SINGAPORE, May 13 (Reuters) - The CBOT July soybeans SN26 may retrace into a range of $12.09 to $12.15 per bushel, following its failure to break a resistance at $12.31-1/2.The failure, coupled with the completion of a five-wave cycle, suggests a forthcoming...Reuters
8 hours ago
South Korea weighs phased Hormuz role after US talks, minister says
South Korea Defense Minister Ahn says Seoul reviewing phased contribution to safeguard Strait of HormuzAhn says he did not discuss military contribution by Seoul to operation in talks with U.S. Defense Secretary HegsethTwo sides also discussed wartime operational control, nuclear-powered submarines,...Reuters
9 hours ago
Indian Rupee Ticks up as Centre Hikes Import Duty on Gold and Silver to 15%
The Indian Rupee (INR) exhibits mild strength against the US Dollar (USD) in the opening session on Wednesday. The USD/INR pair trades mildly lower to near 95.60 as the Indian Rupee gains, following the increase in import duty on Gold and Silver to 15% from 6% by the Indian government.
Fxstreet
9 hours ago
Russia says it has downed 286 Ukrainian drones overnight
MOSCOW, May 13 (Reuters) - Russian Defence Ministry said on Wednesday 286 Ukrainian drones had been intercepted and destroyed over Russian regions overnight. In the southern Krasnodar region, drone fragments fell on the territory of an industrial facility, causing a fire, local authorities said.Reuters
9 hours ago
RWE's first-quarter core profit up on one-off payment, outlook confirmed
FRANKFURT, May 13 (Reuters) - RWE's RWEG.DE core profit rose by a quarter in the first quarter, Germany's biggest power producer said on Wednesday, mainly due to a one-off compensation payment from the Dutch government regarding one of its coal-fired power plants.First-quarter adjusted core ...Reuters
9 hours ago
Trump, Xi to weigh rare earth truce extension, but China's curbs still bite
Trump-Xi meeting to discuss rare earth truceChinese heavy rare earth exports still down by halfUS, Germany, Japan most affected by the curbsSupply outside China is scarce, prices up multi-foldBy Lewis Jackson, Michael Martina and Laurie Chen BEIJING/WASHINGTON, May 13 (Reuters) - China and the U....Reuters
11 hours ago
India's travel industry braces for hit from Modi's appeal to avoid foreign trips
Travel industry sees drop of 10% to 15% in overseas inquiriesFalls come amid inflation, high airfaresPressure builds to shift focus to low-margin domestic tourismIndia urged to promote inbound tourism to offset forex outflowsBy Praveen Paramasivam and Sai Ishwarbharath B CHENNAI/BENGALURU, India,...Reuters
11 hours ago
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