News
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Edison confident of positive outcome in Venture Global LNG arbitration
By Francesca Landini MILAN, May 29 (Reuters) - The chief executive of Italian utility Edison EDNn.MI said on Thursday he was confident of a positive outcome in arbitration involving U.S. liquefied natural gas supplier Venture Global VG.N, expected by the end of the year.Edison is one of several E...Reuters
Thu, May 29
April Passenger Demand Up 8% - IATA
May 29 (Reuters) - International Air Transport Association (IATA):APRIL TOTAL PASSENGER DEMAND, MEASURED IN REVENUE PASSENGER KILOMETERS (RPK), WAS UP 8.0% COMPARED TO APRIL 2024 - IATAAPRIL TOTAL CAPACITY, MEASURED IN AVAILABLE SEAT KILOMETERS (ASK), WAS UP 6.5% YEAR-ON-YEAR - IATAAPRIL LOAD FACTOR...Reuters
Thu, May 29
CBOT Trends-Wheat up 1-2 cents, corn down 2-4, soy down 3-4
CHICAGO, May 29 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Thursday. WHEAT - Up 1 to 2 cents per bushelCBOT wheat futures eased slightly with a stronger dollar helping to keep a ...Reuters
Thu, May 29
Ukraine's 2025/26 wheat exportable surplus seen falling to 15 mln, analyst says
May 29 (Reuters) - Ukraine's wheat exportable surplus is seen falling to 15 million metric tons in the 2025/2026 season from 16.2 million tons a year ago due to a decrease in the harvest caused by poor weather, according to ASAP Agri consultancy.Reuters
Thu, May 29
Glencore to manage all its coal assets out of single Australian unit
LONDON, May 29 (Reuters) - Glencore GLEN.L said on Thursday it has restructured its coal business by moving its recently acquired Canadian mines into a single unit run out of Australia, making it easy to manage.The Swiss-based miner and trader bought Canadian miner Teck Resources' coal assets fo...Reuters
Thu, May 29
Syria signs $7 bln power deal with Qatar's UCC Holding-led consortium
May 29 (Reuters) - Syria has signed a memorandum of understanding with a consortium of international companies led by Qatar's UCC Holding to develop major power generation projects with a foreign investment valued at about $7 billion, UCC said in a statement on Thursday.The agreement involves bu...Reuters
Thu, May 29
Freeport LNG export plant in Texas on track to return to full power, LSEG data shows
May 29 (Reuters) - U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Thursday after a small reduction on Wednesday, a sign the plant was heading back to full power, according to gas flow data from financial firm LSEG.Officials at ...Reuters
Thu, May 29
Hormel Foods tightens annual profit forecast amid weak retail demand
May 29 - Hormel Foods HRL.N tightened its annual profit forecast towards the lower end on Thursday, as the Skippy peanut butter maker struggles with supply chain issues and weak demand that may counter the benefits of its price hikes.Like peer Tyson Foods TSN.N, Hormel took consecutive price hikes i...Reuters
Thu, May 29
RPT-COLUMN-Record US clean power run rolls on through May: Maguire
By Gavin MaguireLITTLETON, Colorado, May 29 (Reuters) - The U.S. power system is on track to produce more electricity from clean power sources than from fossil fuels for the third straight month in May, establishing a record-long stretch for clean power generation in the country.Clean power sources ...Reuters
Thu, May 29
Freeport LNG export plant in Texas on track to return to full power, LSEG data shows
May 29 (Reuters) - U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Thursday after a small reduction on Wednesday, a sign the plant was heading back to full power, according to gas flow data from financial firm LSEG.Reuters
Thu, May 29
PRECIOUS-Gold rebounds on dip-buying, focus turns to US PCE data
US court blocks Trump's tariffsUS GDP data due later in the day, PCE on FridayBy Anushree Mukherjee May 29 (Reuters) - Gold prices rebounded on Thursday on dip-buying after touching a more than one-week low earlier in the session after a U.S. trade court blocked most of President Donald Trump...Reuters
Thu, May 29
RPT-COLUMN-What to make of surprisingly low US crop ratings: Braun
By Karen Braun NAPERVILLE, Illinois, May 28 (Reuters) - The U.S. corn crop has gotten off to a somewhat disappointing start in what is supposed to be a record producing season.Meanwhile, U.S. spring wheat is experiencing its second-worst start to the growing season in history after this year’s pl...Reuters
Thu, May 29
Edison CFO: We are looking at new contracts to buy U.S. LNG starting from 2028-2029
May 29 (Reuters) - Edison EDNn.MI CFO Ronan Lory says in press conference:EDISON CFO: GROUP IS LOOKING AT NEW CONTRACTS TO BUY U.S. LNG STARTING FROM 2028-2029Source text: [ID:]Further company coverage: [EDNn.MI]Reuters
Thu, May 29
RPT-COLUMN-OPEC must squeeze US shale much more to win oil price war: Bousso
US drillers slow down operations following oil price dropUS oil output growth set to slow in 2025OPEC will need to deepen price war to significantly impact US output By Ron Bousso LONDON, May 29 - Oil drillers in the U.S. shale heartland are slowing down operations, a sign that OPEC's high-st...Reuters
Thu, May 29
GRAINS-Wheat, corn prices ease as dollar strengthens
LONDON, May 29 (Reuters) - Chicago wheat futures eased slightly on Thursday with a stronger dollar helping to keep a lid on prices despite lower-than-expected U.S. crop ratings. Sluggish demand and expectations that a strong Northern Hemisphere harvest will keep the market well supplied also weig...Reuters
Thu, May 29
RPT-COLUMN-Cobalt Holdings bets the battery metal's fortunes have turned: Andy Home
By Andy Home LONDON, May 29 (Reuters) - The price of cobalt has fallen so far over the last couple of years that even Congo's artisanal miners have given up on the battery metal. They have been swept aside by a wave of production from the Democratic Republic of Congo's (DRC) formal sector...Reuters
Thu, May 29
Lukoil's Asia chief joins Turkish firm BGN to lead oil trading from Dubai
By Chen Aizhu and Florence TanSINGAPORE, May 29 (Reuters) - Estella Shi, managing director of Lukoil Asia Pacific, is to join Turkish energy trader BGN from June, trading sources with knowledge of her move told Reuters.Shi, a veteran oil trader with nearly three decades of experience, confirmed that...Reuters
Thu, May 29
Ukraine hopes to agree new rules for agricultural exports with EU by end of July, farm minister says
KYIV, May 29 (Reuters) - Ukraine hopes to agree new rules for agricultural exports with Brussels by end of July, Ukraine's farm minister said at a conference in Kyiv on Thursday. "At the end of July, a mechanism for trade with the EU will be established and agreed upon," Vitaliy Kova...Reuters
Thu, May 29
