News
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Wildfire in Alberta disrupts oil operations and prompts evacuations
By Amanda Stephenson CALGARY, May 27 (Reuters) - A wildfire in the Canadian province of Alberta prompted the temporary shutdown of some oil and gas production and forced residents of a small town to evacuate.The blaze, which Alberta Wildfire said is approximately 1,600 hectares in size, is burnin...Reuters
Tue, May 27
Ivory Coast cocoa grind down 7% y/y in April, exporters association says
ABIDJAN, May 27 (Reuters) - Ivory Coast's cocoa grind slipped 7% year-on-year in April to 38,169 metric tons, data from exporter association GEPEX showed on Tuesday.The total grind from the start of the 2024/25 season in October stood at 389,656 tons of beans by the end of April, down 0.2% from ...Reuters
Tue, May 27
Oklo, South Korea's KHNP enter into agreement to develop Aurora nuclear facility
May 27 (Reuters) - Nuclear technology company Oklo OKLO.N said on Tuesday it has signed a memorandum of understanding (MOU) with South Korea's nuclear power plant operator Korea Hydro & Nuclear Power (KHNP) to develop Oklo's planned Aurora powerhouse.Shares of Oklo were up 1.9% at $49.71...Reuters
Tue, May 27
US trade deal could boost Indian exports, government report says
By Manoj KumarMay 27 (Reuters) - A successful trade agreement between India and the U.S. could boost exports and unlock new market access, India's finance ministry said in its monthly economic review on Tuesday."A successful U.S.-India trade agreement could flip current headwinds into tailwi...Reuters
Tue, May 27
US judge extends topping period in Citgo parent's auction until June 2
HOUSTON, May 27 (Reuters) - A U.S. federal judge has extended to at least June 2 a period for bidders to submit rival bids in a court-organized auction of shares in the parent of Venezuela-owned refiner Citgo Petroleum, according to filing released by the Delaware court on Tuesday.Reuters
Tue, May 27
US natgas prices edge up on lower output, higher demand forecasts
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 4% over five-year normalBy Scott DiSavino May 27 (Reuters) - U.S. natural gas futures edged up about 1% on Tuesday after the long U.S. Memorial Day holiday weekend, on a drop in output so far ...Reuters
Tue, May 27
Successful US-India trade deal could energise exports, Indian finance ministry says
May 27 (Reuters) - A successful trade deal between India and the U.S. could energise exports and open up new market access, India's finance ministry said in its monthly economic review on Tuesday."A successful U.S.-India trade agreement could flip current headwinds into tailwinds, opening up...Reuters
Tue, May 27
Gold Price Forecast: XAU/USD clings to Moving Average support below $3,300
Gold continues to trade within a narrowing consolidation range on Tuesday, following a record-setting rally earlier this year. After reaching an all-time high in April, the market has shifted into a holding pattern characterized by a descending wedge formation, reflecting a tightening momentum.
Fxstreet
Tue, May 27
ADVISORY-Alerts on U.S. Steel-Nippon deal from CNBC withdrawn
May 27 (Reuters) - A snap chain on the U.S. Steel-Nippon deal from a CNBC interview has been withdrawn as it was incorrectly tagged to the wrong RIC. For the correct set of alerts, click nFWN3RZ10SSTORY_NUMBER:FWN3RZ13FSTORY_TIME:[12:47:48]Reuters
Tue, May 27
CBOT Trends-Wheat down 8-9 cents, corn down 1-2, soy up 5-6
CHICAGO, May 27 (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 Tuesday. WHEAT - Down 8 to 9 cents per bushelCBOT wheat futures fell for a third straight session on Tuesday, as the ri...Reuters
Tue, May 27
Congo faces rising military costs, tax shortfall in revised 'combat budget'
Budget revised downward, less tax revenue expectedIMF has warned of war's strain on public financesArmy officers still report shortages of food, ammunitionBy Sonia Rolley May 27 (Reuters) - Congo is grappling with soaring military costs and declining tax revenues due to an offensive by Rwanda...Reuters
Tue, May 27
U.S. nuclear power plant outages
May 27 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total ...Reuters
Tue, May 27
Eni in talks with GIP for sale of 49.99% of carbon capture unit
By Francesca Landini MILAN, May 27 (Reuters) - Eni ENI.MI has entered exclusive talks to sell a 49.99% stake in its carbon capture, utilisation and storage (CCUS) business to BlackRock's BLK.N infrastructure fund GIP, the Italian energy group said on Tuesday.The move is part of Eni's broa...Reuters
Tue, May 27
Chaucer appoints Ray as head of renewable energy
By Navneeta NandanMay 27 - (The Insurer) - Chaucer announced on Tuesday that Jordan Ray has been appointed to the newly created role of head of renewable energy and energy transition.Ray will be based in London and report to Simon Schnorr, head of marine and energy.In her new role, Ray will be respo...Reuters
Tue, May 27
Italy business lobby seeks state help over energy costs, US tariffs
Confindustria requests billions in state aidPM Meloni looks at ways to tackle high energy costs Italy aims to spend EU funds to boost productivityBy Giuseppe Fonte and Angelo Amante ROME, May 27 (Reuters) - Italy's main business lobby Confindustria called on Tuesday for billions of euros ...Reuters
Tue, May 27
IAG reiterates reinsurance coverage as Hunter Flood claims top 2,500
By Ryan HewlettMay 27 - (The Insurer) - IAG has received around 2,500 claims from policyholders because of the devastating New South Wales Mid North Coast and Hunter Floods, and has issued reassurance that it has a comprehensive reinsurance program in place to insulate losses.ASX-listed IAG disclose...Reuters
Tue, May 27
PRECIOUS-Gold falls as firmer dollar adds to pressure of softened US trade stance
U.S. dollar firms 0.3% in U-turn from earlierU.S. core PCE price index due on FridayBy Anmol Choubey May 27 (Reuters) - Gold prices declined more than 1% on Tuesday as the dollar's reversal to trade higher added to the pressure on the safe-haven asset following U.S. President Donald Trump'...Reuters
Tue, May 27
RPT-COLUMN-Saudi's refining boom helps it weather oil price war: Bousso
Saudi refining rises to seasonal all-time high in MarchWhile kingdom's crude oil exports declineStrong refining profits can offset revenue loss from weak crude pricesBy Ron Bousso LONDON, May 27 (Reuters) - Saudi Arabia has been cranking up oil refining operations to capture strong profit mar...Reuters
Tue, May 27
PRESS DIGEST-Canada - May 27
May 27 (Reuters) - The following are the top stories from a selected Canadian newspaper. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL** Continuing seismic activity has forced Ivanhoe Mines IVN.TO to pull its copper production and cost forecast at on...Reuters
Tue, May 27
