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CS Anthem chemical tanker was second US-flagged commercial vessel to exit Strait of Hormuz, sources say
BOSTON, May 5 (Reuters) - The second U.S.-flagged commercial vessel to exit Strait of Hormuz accompanied by U.S. military assets was the CS Anthem chemical tanker, three sources said on Tuesday.The CS Anthem is operated by Crowley-Stena Marine Solutions, which did not immediately comment. The first ...Reuters
Tue, May 5
Cargo vessel struck by projectile at Strait of Hormuz, UKMTO says
CAIRO, May 5 (Reuters) - A cargo vessel has been struck by an unknown projectile within the Strait of Hormuz, the United Kingdom Maritime Trade Operations agency said on Tuesday, adding that the environmental impact from the incident was unknown.Reuters
Tue, May 5
Saudi Arabia cuts Arab Light June OSP for Asia
May 5 (Reuters) - Saudi Arabia has set the June Arab Light crude oil official selling price to Asia at $15.50 a barrel above the Oman/Dubai average, down from the previous month, Saudi Aramco said in a statement on Tuesday.The OSP premium for the previous month was $19.50 a barrel.Reuters
Tue, May 5
Oil prices fall 4% as fragile US-Iran ceasefire holds, two ships pass through Strait of Hormuz
US says fragile ceasefire with Iran holds, despite UAE claims of attacksUN Security Council to discuss possible sanctions, force against Iran over Hormuz threatsMarket awaits US oil inventory data, analysts expect 3.3 million barrel storage drawBy Scott DiSavino NEW YORK, May 5 (Reuters) - Oil pr...Reuters
Tue, May 5
GRAINS-Chicago grains ease on technical reversal, falling crude oil
Wheat, corn, soybeans edge down after two-day riseEasing oil prices, technical trading curb pricesBy Heather Schlitz CHICAGO, May 5 (Reuters) - Chicago wheat, corn and soybean futures edged lower on Tuesday, snapping a two-session rally amid a slew of profit-taking and farmer selling, with easing...Reuters
Tue, May 5
CBOT wheat futures fall on profit-taking, rain forecasts
CHICAGO, May 5 (Reuters) - Chicago Board of Trade wheat futures turned lower on Tuesday on profit-taking, with rains forecasted for the parched U.S. Plains also depressing prices.Forecasts of rain in some U.S. wheat zones this week have curbed wheat prices, though the precipitation may come too late...Reuters
Tue, May 5
EXCLUSIVE-US shale producer Gulfport Energy to name Dell'Osso as CEO, sources say
By David French NEW YORK, May 5 (Reuters) - Gulfport Energy GPOR.N is poised to name Domenic Dell'Osso as the next chief executive of the U.S. natural gas-focused producer, people familiar with the matter said on Tuesday.The appointment of Dell'Osso, who served as CEO of larger rival Expa...Reuters
Tue, May 5
CBOT soybeans dip on technical selloff, falling crude oil prices
CHICAGO, May 5 (Reuters) - Chicago Board of Trade soybean futures edged lower on Tuesday, snapping a two-session rally amid a slew of profit-taking and farmer selling, with easing crude oil prices also pressuring grains and soybeans, analysts said.The price of crude oil eased on Tuesday and investor...Reuters
Tue, May 5
CBOT corn down on profit-taking, farmer sales
CHICAGO, May 5 (Reuters) - Chicago Board of Trade corn futures fell on Tuesday on a round of profit-taking and farmer selling after producers took advantage of a rally the previous day, analysts said.Farmer sales picked up on Monday, one broker said, as the new-crop December contract CZ26 closed abo...Reuters
Tue, May 5
US natgas futures fall 3% as demand outlook weakens and LNG feedgas drops
Lower demand and LNG export declines weigh on U.S. natural gas futuresWaha Hub prices remain negative due to pipeline constraints in Permian regionU.S. gas output dips as producers like EQT cut production amid low spot pricesBy Scott DiSavino NEW YORK, May 5 (Reuters) - U.S. natural gas futur...Reuters
Tue, May 5
Wec Energy Group Says Vantage Is Expected To Invest $15 Billion To Complete The Initial Phase Of Its Data Center Project In 2028 - Conf Call
May 5 (Reuters) - WEC Energy Group Inc WEC.N:WEC ENERGY GROUP SAYS VANTAGE IS EXPECTED TO INVEST $15 BILLION TO COMPLETE THE INITIAL PHASE OF ITS DATA CENTER PROJECT IN 2028 - CONF CALLWEC ENERGY GROUP SAYS RECEIVED REGULATORY APPROVAL TO BUY 3 ADDITIONAL SOLAR PROJECTS, A BATTERY STORAGE PROJECT; ...Reuters
Tue, May 5
Gold rebounds from one-month lows as ceasefire lifts buying interest
Gold (XAU/USD) advances nearly 1% on Tuesday as a fragile ceasefire between the US and Iran improves risk appetite, with Wall Street trading higher. At the time of writing, XAU/USD trades at $4,560 after bouncing off one-month lows of $4,500.
Fxstreet
Tue, May 5
US authorizes services to Venezuela connected with potential debt restructuring
May 5 - The United States has issued a general license authorizing legal, financial advisory, and consulting services linked to potential debt restructuring in Venezuela, including the South American country's state oil company Petroleos de Venezuela (PDVSA) and entities majority owned by it, ac...Reuters
Tue, May 5
US authorizes services to Venezuela connected with potential debt restructuring, Treasury website shows
May 5 - The United States has issued a general license authorizing certain services to Venezuela linked to potential debt restructuring, including debt of PdVSA abd PdVSA Entities, according to a posting on Tuesday on the Treasury Department website.Reuters
Tue, May 5
Basketball-Puerto Rican basketball great Jose 'Piculin' Ortiz dies at 62 after cancer fight
May 5 (Reuters) - Puerto Rican basketball great Jose "Piculin" Ortiz has died at the age of 62 after battling colorectal cancer for several years, the Puerto Rico Basketball Federation confirmed on Tuesday."Today, Puerto Rico loses more than an athlete. It loses a legend. Thank you for s...Reuters
Tue, May 5
TotalEnergies drilling phase for offshore Guyana block could start after 2028, area exploration manager says
HOUSTON, May 5 (Reuters) - A group led by TotalEnergies TTEF.PA could start the drilling phase of their offshore Block S4 in Guyana after 2028, depending on seismic evaluation, area exploration manager James Geary said on the sidelines of the Offshore Technology Conference in Houston on Tuesday.Tota...Reuters
Tue, May 5
PRECIOUS-Gold gains after hitting more than one-month low, Middle East risks linger
US says Iran ceasefire holds despite exchange of fireIMF chief warns of 'much worse outcome' if war drags into 2027All eyes on job marketBy Ashitha Shivaprasad May 5 (Reuters) - Gold prices rose on Tuesday after hitting a more than one-month low in the previous session, as investors asses...Reuters
Tue, May 5
Exxon using AI for faster analysis of Guyana's oil fields, VP of exploration says
AI and high-performance computing speed up seismic data analysis, says VP John ArdillExxon applies new tech to revisit global prospects, eyes Trinidad and Tobago, Angola similaritiesArdill cites global supply risks, stresses diversified supply and tech to lower break-even costsBy Curtis Williams ...Reuters
Tue, May 5
Iran sets up new mechanism to manage vessel transit through Hormuz
May 5 (Reuters) - Iran has set up a new mechanism to manage the transit of vessels through the Strait of Hormuz, Iran's Press TV reported on Tuesday.Iran has warned the U.S. Navy to stay out of the Strait of Hormuz and that commercial vessels will need to coordinate any passage with its militar...Reuters
Tue, May 5
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