News
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Norway's oil drilling unions seek wage mediation to avert strike
OSLO, May 21 (Reuters) - Wage talks involving some 7,500 oil drilling workers in Norway broke down on Wednesday, employers and three labour unions said, raising the risk of strike action later this year that could disrupt exploration. The talks between the Norwegian Shipowners' Associatio...Reuters
Wed, May 21
WGC-Despite challenges, major LNG producers push new projects to feed global power demand
LNG seen as transition fuel amid energy security concerns post-Ukraine invasionGlobal LNG demand driven by urbanisation, AI data centres, power grid outagesRising costs and potential oversupply could impact LNG market prospectsBy Colleen Howe and Sam Li BEIJING, May 21 (Reuters) - Producers are p...Reuters
Wed, May 21
GRAINS-Wheat rises to one-month high, corn and soybeans also extend gains
PARIS/CANBERRA, May 21 (Reuters) - Chicago wheat futures extended gains on Wednesday to a one-month high, supported by a weaker dollar and short-covering encouraged by concerns over Northern Hemisphere production.Corn continued to track strength in wheat as it reached a new one-week peak. Soybeans a...Reuters
Wed, May 21
Power cable to Sweden is working, Polish grid operator says
WARSAW, May 21 (Reuters) - A power cable linking Poland and Sweden is working, Polish grid operator PSE said on Wednesday after the prime minister said a Russian ship from the "shadow fleet" covered by sanctions performed suspicious manoeuvres near the cable. PSE data shows the cable is curr...Reuters
Wed, May 21
RPT-COLUMN-By land and sea, rising oil stocks are bad news for prices: Bousso
Onshore oil stock builds have accelerated in recent weeksFloating oil storage has risen sharply tooInventories expected to grow into next yearBy Ron Bousso LONDON, May 21 (Reuters) - Inventories of oil stored on land and at sea have risen sharply in recent weeks, an early warning sign of deterior...Reuters
Wed, May 21
Poland says ship in Baltic was carrying out manoeuvres over Polish grid operator's cables
WARSAW, May 21 (Reuters) - A ship from the Russian 'shadow fleet' in the Baltic was carrying out manoeuvres over cables belonging to Polish grid operator PSE, said Polish defence minister Wladyslaw Kosiniak-Kamysz.Earlier Prime Minister Donald Tusk said in a post on X that a Russian ship fr...Reuters
Wed, May 21
Kremlin says Russia will defend its ships in the Baltic Sea with all means available
Russia briefly detained Greek-owned oil tankerThere are concerns over potential escalation in Baltic Sea MOSCOW, May 21 (Reuters) - The Kremlin said on Wednesday that Russia would defend its ships using the Baltic Sea with all means available and that a failed Estonian attempt to seize a tanker t...Reuters
Wed, May 21
Chevron says one missing in Angolan offshore fire incident
CAPE TOWN, May 21 (Reuters) - Chevron's CVX.N Angolan business said on Wednesday that there was one person missing after an early morning fire at its Benguela Belize Lobito Tomboco (BBLT) offshore oil platform on Tuesday.Seventeen people were injured, four seriously, when the fire started around...Reuters
Wed, May 21
Kremlin says Russia will defend its shipping with all means available
MOSCOW, May 21 (Reuters) - The Kremlin said on Wednesday that Russia would defend its shipping interests with all means available and that a recent incident in the Baltic Sea showed that Moscow could act tough when it wanted to. Russia has released a Greek-owned oil tanker which was detained in Russ...Reuters
Wed, May 21
Rosneft takes control of Russia's largest rare earth deposit, registry shows
MOSCOW, May 21 (Reuters) - Russia's largest oil producer Rosneft ROSN.MM has acquired Tomtor, the country's largest rare earth metal deposit, a companies registry showed on Wednesday, after President Vladimir Putin's call last year for development of the field to be accelerated.Tomtor, l...Reuters
Wed, May 21
Japanese shipping group Mitsui OSK assessing EU sanction impact on its LNG vessels
TOKYO/SINGAPORE, May 21 (Reuters) - Japan's second-largest shipping company Mitsui O.S.K. Lines (MOL) 9104.T said it is carefully assessing the impact on three of its liquefied natural gas vessels of new sanctions imposed by the European Union against Russia."We will continue to fully cooper...Reuters
Wed, May 21
Utility SSE cuts investment plans by $4 billion due to project delays
Renewables division faces largest cut of 1.5 bln stgKey delayed projects: Berwick Bank, Coire Glas & ArklowAnnual profit flat at 2.42 billion poundsBy Yamini Kalia May 21 (Reuters) - British utility SSE SSE.L on Wednesday cut its five-year investment plans by 15%, or 3 billion pounds ($4.04 b...Reuters
Wed, May 21
Silver Price Forecast: XAG/USD bulls have the upper hand near $33.15-$33.20 area, over one-week top
Silver (XAG/USD) reverses an intraday dip to the $33.00 neighborhood and climbs to over a one-week high during the first half of the European session on Wednesday. The white metal currently trades around the $33.15-$33.20 region, up 0.20% for the day, and seems poised to appreciate further.
Fxstreet
Wed, May 21
EUROPE GAS-Prices hit six-week high on tighter supply, concerns over Ukraine, Middle East
May 21 (Reuters) - Dutch and British wholesale gas prices rose to their highest in more than six weeks on Wednesday, supported by lower supply from Norway, competition for liquefied natural gas and worries about Ukraine peace talks and unrest in the Middle East.The benchmark Dutch front-month contra...Reuters
Wed, May 21
