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Asia Naphtha/Gasoline-Naphtha crack falls, gasoline below $11/bbl
NEW DELHI, May 26 (Reuters) - Asia's naphtha refining profit margin declined on Monday after underlying prices rose in tandem with crude oil benchmarks.The crack declined by about $3 to $84.75 per metric ton over Brent crude and the backwardation between first-half July and first-half August car...Reuters
Mon, May 26
PRECIOUS-Gold falls after Trump extends tariff deadline on EU goods
Trump extends EU trade talk deadline to July 9Dollar hits one-month low vs rivalsGold expected to retest $3,500/oz in coming months, analyst saysBy Anmol Choubey May 26 (Reuters) - Gold prices fell on Monday after U.S. President Donald Trump reversed course on his threat to impose 50% tariffs on ...Reuters
Mon, May 26
Less than 5% of Gaza's cropland is useable, UN assessment shows
GENEVA, May 26 (Reuters) - Less than 5% of Gaza's cropland can be cultivated due to damage and access restrictions, "exacerbating the risk of famine in the area", according to a U.N. assessment published on Monday."This level of destruction is not just a loss of infrastructure – it i...Reuters
Mon, May 26
Italy's Enel to raise US green energy capacity with wind farms swap
MILAN, May 26 (Reuters) - Italy's biggest utility Enel ENEI.MI has signed a swap deal with U.S. Gulf Pacific Power covering some wind farm assets which will boost its net consolidated green capacity in the United States by 285 megawatts, it said on Monday.WHY IT'S IMPORTANTThe deal is part o...Reuters
Mon, May 26
Less than 5% of Gaza's cropland is useable, UN assessment shows
GENEVA, May 26 (Reuters) - Less than five percent of Gaza's cropland can be cultivated due to damage and access restrictions, "further deteriorating food production capacity and exacerbating the risk of famine in the area", according to a U.N. assessment published on Monday."This lev...Reuters
Mon, May 26
Iran says it could survive if US nuclear talks end without a deal
DUBAI, May 26 (Reuters) - Iran would be able to survive if negotiations with the U.S. over its nuclear programme fail to secure a deal, President Masoud Pezeshkian said on Monday, after President Donald Trump described weekend talks with Tehran as "very good".The negotiations aim to resolve ...Reuters
Mon, May 26
Gold edges down as Trump extends deadline for EU tariffs
Gold (XAU/USD) price slips on Monday towards $3,325 at the time of writing, partly erasing Friday’s gains. The small dip comes after United States (US) President Donald Trump announced he would extend to July 9 the deadline for the European Union (EU) to face 50% tariffs.
Fxstreet
Mon, May 26
Companies withdraw guidance amid Trump's tariffs
May 26 (Reuters) - The sweeping tariffs imposed by U.S. President Donald Trump since April 2 and the subsequent pauses on some of them have generated uncertainty for companies worldwide, causing some to withdraw or refrain from giving financial guidance.Here is a list of companies that have made suc...Reuters
Mon, May 26
WTI Oil consolidates above $61.30 on easing global trade fears and geopolitical tensions
Oil prices are standing comfortably above $61.30, supported by US President Trump’s decision to put tariffs on Eurozone imports on hold until July 9th and escalating tensions in Gaza, but oversupply worries are limiting gains.Trump backed off on Friday’s threat to impose 50% levies on EU imports fro
Fxstreet
Mon, May 26
EUROPE GAS-Dutch prices gain on Norway outage extension, tariff delay
May 26 (Reuters) - Dutch wholesale gas prices rose on Monday morning, supported by an extension in Norwegian outages and a delay in U.S. tariffs on European goods, although activity was muted due to holidays in Britain and the United States.The benchmark Dutch front-month contract at the TTF hub TF...Reuters
Mon, May 26
Danish trader InCommodities posts 47% drop in annual profit as trading slows
OSLO, May 26 (Reuters) - Danish energy trader InCommodites, backed by Goldman Sachs GS.N, reported a 47% drop in its pretax profit for 2024 on Monday, citing fewer trading opportunities amid lower volatility.The company made a profit before tax of 72.5 million euros ($82.28 million), down from 136.4...Reuters
Mon, May 26
METALS-London metals gain after Trump tariff reprieve
By Michele Pek SINGAPORE, May 26 (Reuters) - Prices of metals in London rose on Monday after U.S. President Donald Trump rescinded his threat of a 50% tariff on imports from the European Union starting June 1, buoying market sentiment.Three-month copper on the London Metal Exchange CMCU3 gained 1...Reuters
Mon, May 26
PRECIOUS-Gold retreats from 2-week peak as Trump extends EU tariff deadline
Dollar hits one-month low vs rivalsSPDR Gold Trust holdings fell 0.15% on FridayBy Brijesh Patel May 26 (Reuters) - Gold prices slipped from a two-week high on Monday after U.S. President Donald Trump set a July 9 deadline for a trade deal with the European Union, rescinding his earlier threat of...Reuters
Mon, May 26
REFILE-Trump says Putin has 'gone absolutely CRAZY', considering more sanctions on Russia
Trump says Putin has "gone absolutely CRAZY"Russia makes largest aerial attack of war on UkraineTrump says considering more sanctions on RussiaTrumps says Zelenskiy should shut up By Guy Faulconbridge and Tom Balmforth MOSCOW/KYIV, May 26 (Reuters) - U.S. President Donald Trump said Vladi...Reuters
Mon, May 26
ANALYSIS-Japan poised to sweeten offshore wind rules as players get cold feet
Japan needs to revive offshore wind plan to meet 2040 target Developers secured for one-tenth of targeted 45 GW capacity Industry seeks rule changes to offset soaring costs, price risks By Katya Golubkova and Yuka Obayashi TOKYO, May 26 (Reuters) - Japan is likely to sweeten terms for developers...Reuters
Mon, May 26
Arbitration body raises amount awarded to Enagas to $302 million in process against Peru
MADRID, May 26 (Reuters) - Spanish gas grid operator Enagas ENAG.MC said on Monday the World Bank's International Centre for Settlement of Investment Disputes (ICSID) raised the amount the company is entitled to be paid in an arbitration process over a pipeline it built in the country.ICSID orde...Reuters
Mon, May 26
Mitsui O.S.K. Lines: Statement For New Orders Of LNG Carriers
May 26 (Reuters) - Mitsui O.S.K. Lines Ltd 9104.T:STATEMENT FOR NEW ORDERS OF LNG CARRIERSWILL CONTINUE TO CAREFULLY ASSESS USE OF CHINESE SHIPYARDS THAT MEET QUALITY, SAFETY STANDARDS, ALONGSIDE SOUTH KOREAN SHIPYARDS, WHILE TAKING COMPREHENSIVE VIEW OF FUTURE U.S. POLICY TRENDS, GEOPOLITICAL RISKS...Reuters
Mon, May 26
