News
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Europe Gasoline/Naphtha-Gasoline profit margins fall
LONDON, May 23 (Reuters) - Northwest European gasoline profit margins fell by 42 cents to $15.26 a barrel on Friday.A total of 13,400 metric tons of Eurobob E5 barges traded in the Argus window with ExxonMobil, Gunvor and Trafigura selling barges to TotalEnergies, Shell and BP.A further 10,000 tons ...Reuters
Fri, May 23
METALS-Copper hits three-week high on DRC mine woes, soft dollar
By Polina Devitt and Eric Onstad LONDON, May 23 (Reuters) - U.S. copper prices rose to their highest in more than three weeks on Friday, buoyed by a weaker dollar and worries about problems at a big mine in Congo.U.S. Comex copper futures HGc3 climbed 3% to $4.82 a lb, the strongest since April 3...Reuters
Fri, May 23
Gold price soars nearly 2% as Trump targets EU with tariff threats
Gold's price uptrend resumed on Friday, with the yellow metal rising close to 2% daily and 5% in the week, as the US Dollar (USD) weakened further after US President Donald Trump escalated the ‘trade war’ with the European Union (EU).
Fxstreet
Fri, May 23
Panama-flagged vessels must notify authority of ship-to-ship transfers
By Elida Moreno PANAMA CITY, May 23 (Reuters) - Panama's Maritime Authority said on Friday it will reinforce controls for ship-to-ship operations by Panama-flagged vessels, following an increase in the use of "dark-fleet" tankers to skirt sanctions or evade environmental requirements....Reuters
Fri, May 23
EU wheat eases further from one-month high
PARIS/HAMBURG, May 23 (Reuters) - European wheat futures fell for a second session on Friday, moving further from a one-month high as a backdrop of ample supplies and tepid export demand hung over the market.Benchmark September milling wheat BL2U5 on Paris-based Euronext was down 1.1% at 207.00 euro...Reuters
Fri, May 23
US Cash Grains-Spot soybean basis mostly steady-firm at crush plants, elevator bids flat
CHICAGO, May 23 (Reuters) - Spot soybean basis bids were mostly steady to higher at U.S. Midwest to processing plants on Friday and unchanged at interior elevators and river terminals as futures retreated ahead of the long Memorial Day holiday weekend, grain merchants said.A large soy processor in D...Reuters
Fri, May 23
Platinum rockets to two-year high on strong Chinese demand, tightening supply
Break of $1,000/oz psychological level spurs speculative buyingSpot platinum hits highest level since May 2023By Anushree Mukherjee and Polina Devitt May 23 (Reuters) - Platinum prices surged to a two-year high on Friday, propelled by a sharp rise in Chinese imports, persistent supply concerns, a...Reuters
Fri, May 23
TSR becomes latest agency to forecast above-average hurricane season
By Scott VincentMay 23 - (The Insurer) - London-based Tropical Storm Risk has become the latest forecaster to predict above-average activity during this year’s Atlantic hurricane season, which officially begins on June 1. TSR said on Friday that it expects activity to be around 25% above the 1991-2...Reuters
Fri, May 23
Panama to reinforce controls for ship-to-ship transfers by flagged vessels, authority says
PANAMA CITY, May 23 (Reuters) - Panama's Maritime Authority said on Friday it will reinforce controls for ship-to-ship operations by Panama-flagged vessels, following an increase in the use of dark-fleet tankers to skirt sanctions or evade environmental requirements.Reuters
Fri, May 23
NOAA forecasts above-normal hurricane activity for 2025 Atlantic season
By Mia MacGregorMay 23 - (The Insurer) - The National Oceanic and Atmospheric Administration’s National Weather Service has predicted above-normal hurricane activity in the Atlantic basin for the 2025 season. NOAA's outlook, covering the period from June 1 to November 30, anticipates a 60% chanc...Reuters
Fri, May 23
Munich Re backs parametric catastrophe insurance in United Arab Emirates
By Henry GaleMay 23 - (The Insurer) - United Arab Emirates-based Al Wathba Insurance has begun to offer parametric insurance in the country, it said, with Munich Re reinsuring the coverage in a treaty brokered by Gallagher Re.Al Wathba Insurance is the first UAE-based insurer to sell parametric cove...Reuters
Fri, May 23
New Canadian energy minister vows an end to lengthy project approvals
CALGARY, Alberta, May 23 (Reuters) - New Canadian Natural Resources Minister Tim Hodgson vowed on Friday to cut back a lengthy approval process that means major projects can often take many years to be given the green light."In the new economy we are building, Canada will no longer be defined by...Reuters
Fri, May 23
Ivanhoe says it disputes Zijin statement on Congo mine problems
LONDON, May 23 (Reuters) - Ivanhoe Mines IVN.TO on Friday disputed a statement by its Chinese partner about problems at their co-owned Kakula copper mine in the Democratic Republic of Congo after seismic activity."The press release by Zijin Mining refers to '..multiple roof-falling and rib-s...Reuters
Fri, May 23
Oil output in Guyana fell to 611,000 bpd in April, government says
GEORGETOWN, May 23 (Reuters) - Oil production in Guyana declined to an average 611,000 barrels per day in April from 627,000 bpd the previous month, according to a bulletin released by the government on Friday.All oil and gas output in the South American nation is controlled by a consortium of U.S. ...Reuters
Fri, May 23
Saudi Aramco seeks investors in Jafurah infrastructure assets, sources say
Aramco will retain majority ownership of the assets and remain the operator - sourceJafurah potentially biggest shale gas project outside of U.S.By Sarah McFarlane and Hadeel Al Sayegh LONDON, May 23 (Reuters) - Saudi oil giant Aramco 2222.SE is seeking investors in infrastructure, including pipe...Reuters
Fri, May 23
TotalEnergies CEO says company has option to increase 5% stake in Canada's Ksi Lisims LNG
PARIS, May 23 (Reuters) - TotalEnergies TTEF.PA has the option to increase its 5% stake in Canada's Ksi Lisims liquefied natural gas (LNG) project, chairman and CEO Patrick Pouyanne told the company's annual shareholder meeting.Pouyanne declined to specify by how much Total could increase it...Reuters
Fri, May 23
GLOBAL LNG-Asian spot LNG prices rise to two-week high amid renewed demand
By Marwa Rashad LONDON, May 23 (Reuters) - Asian spot liquefied natural gas (LNG) prices rose for the third week running to a two-week high amid renewed demand, weak production in Malaysia and as Egypt seeks to secure huge volumes for the rest of the year. The average LNG price for July deliv...Reuters
Fri, May 23
Oil output in Guyana fell to 611,000 bpd in April, government says
GEORGETOWN, May 23 (Reuters) - Oil production in Guyana declined to 611,000 barrels per day (bpd) in April from 627,000 bpd the previous month, according to a bulletin released by the government on Friday.All oil and gas output in the South American country is controlled by a consortium led by U.S. ...Reuters
Fri, May 23
Silver Price Forecast: XAG/USD trades almost flat around $33, outlook remains firm
Silver price (XAG/USD) wobbles in a tight range around $33.00 during North American trading hours on Friday. The white metal remains almost flat despite a substantial weakness in the US Dollar (USD).
Fxstreet
Fri, May 23
