News
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US Cash Grains-Corn basis bids steady-firm at ethanol plants, flat-lower at other processors
CHICAGO, May 20 (Reuters) - Spot corn basis bids were steady to higher at U.S. Midwest ethanol plants on Tuesday but steady to lower at other processors, while bids at interior elevators and barge-loading river terminals were largely unchanged, grain merchants said. Farmer sales of corn were light a...Reuters
Tue, May 20
US set to extend Chevron's Venezuela waiver by another 60 days, Bloomberg News reports
May 20 (Reuters) - President Donald Trump's administration is set to extend Chevron's CVX.N deadline to halt its operations in Venezuela by another 60 days as the U.S. continues negotiations with President Nicolas Maduro's government over the fate of U.S. detainees in the country, Bloomb...Reuters
Tue, May 20
US trade panel vote paves way for stiff tariffs on many solar imports
May 20 (Reuters) - The U.S. International Trade Commission (ITC) determined on Tuesday that domestic solar panel makers were materially harmed by a flood of cheap imports from four Southeast Asian nations, bringing Washington a step closer to imposing stiff duties on those goods.The "yes" vo...Reuters
Tue, May 20
Russia releases oil tanker from Baltic Sea detention, Estonian broadcaster says
Russia detained Liberia-flagged tanker on SundayGreen Admire now heading to Rotterdam, data showsAmbrey warns of increased security risks in BalticRussia says NATO trying to control Baltic shipping lanes COPENHAGEN, May 20 (Reuters) - Russia has released a Greek-owned oil tanker which was detaine...Reuters
Tue, May 20
FACTBOX-What's in the Republican tax and spending plan?
By Andy Sullivan WASHINGTON, May 20 (Reuters) - Republicans in the U.S. Congress are advancing a sweeping budget package that would fulfill President Donald Trump's calls to cut taxes and reduce spending, though details still need to be resolved.Here is a summary of the major elements of the ...Reuters
Tue, May 20
Brazil chicken exporters brace for cargo rejections amid bird flu outbreak
SAO PAULO, May 20 (Reuters) - Brazilian meat lobby ABPA, which represents large food processors including BRF SA BRFS3.SA and JBS SA JBSS3.SA, said some countries, including China, will not accept chicken consignments in transit amid confirmation of Brazil's bird flu outbreak.In an interview on ...Reuters
Tue, May 20
BW Energy: Successful Handover Of BW Adolo Operations To BW Energy Gabon SA
May 20 (Reuters) - BW Energy Ltd BWE.OL:REG-BW ENERGY: SUCCESSFUL HANDOVER OF BW ADOLO OPERATIONS TO BW ENERGY GABON SABW OFFSHORE'S SUBSIDIARY RETAINS OWNERSHIP OF UNITCHARTER INCLUDES A MUTUAL PUT-AND-CALL OPTION ON FPSO FOR USD 100 MILLION, EXERCISABLE IN 2028Reuters
Tue, May 20
Conifer gets Skyward Specialty capacity for expanded cannabis program
By Chris MunroMay 20 - (The Insurer) - Conifer Insurance Services has secured capacity support from Skyward Specialty Insurance Group for its new non-admitted Cannabis Select program.The new program complements Conifer’s long-standing Cannabis Essentials offering by providing elevated coverage limit...Reuters
Tue, May 20
UK man loses fight against extradition to US over $100 million wine fraud
LONDON, May 20 (Reuters) - A British man accused of defrauding investors out of nearly $100 million through a Ponzi-like scheme involving non-existent luxury wines lost his fight against extradition from Britain to the United States on Tuesday.Andrew Fuller, who was named by U.S. prosecutors as Jame...Reuters
Tue, May 20
Stronger US hurricane season could mean more oil supply outages
NEW YORK, May 20 (Reuters) - An expected stronger hurricane season than average raises the risk of weather-related production outages in the U.S. oil industry, the U.S. Energy Information Administration said on Tuesday.WHY IT MATTERSA large portion of U.S. oil production and the bulk of the country&...Reuters
Tue, May 20
Re-elected Shell CEO, asked about BP, says bar for deals is high
Shell CEO, chair laud LNG as "low carbon"Activist resolution questioning LNG strategy gets 21% supportBy Shadia Nasralla LONDON, May 20 (Reuters) - Shell SHEL.L shareholders on Tuesday re-elected Chair Andrew Mackenzie and CEO Wael Sawan, who said when asked about a potential deal for riv...Reuters
Tue, May 20
US natgas prices climb 4% on lower output, higher demand
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 3% over five-year normalBy Scott DiSavino May 20 (Reuters) - U.S. natural gas futures climbed about 4% on Tuesday on a decline in daily output and forecasts for more demand next week than prev...Reuters
Tue, May 20
Neste To Supply SAF To FedEx At Los Angeles Airport
May 20 (Reuters) - Neste Oyj NESTE.HE:TO DELIVER SAF TO FEDEX AT AT LOS ANGELES AIRPORTSource text: https://news.cision.com/fi/neste/r/neste-aloittaa-uusiutuvan-lentopolttoaineen--saf--toimitukset-fedexille-los-angelesin-kansainvalisel,c4152649Reuters
Tue, May 20
Howden: EU unprepared as agriculture weather losses set to reach 40 billion euros annually by 2050
In a catastrophic year, EU-wide crop and livestock losses could be 60 billion euros, rising to 90 billion by 2050Drought accounts for more than half of agricultural lossesHowden recommends risk pooling, cat bonds, reinsurance and parametric coversBy Henry GaleMay 20 - (The Insurer) - Only 20% to 30%...Reuters
Tue, May 20
REFILE-US oil M&A deals slide from 2023 highs as buyers focus on value over volume
By Tanay Dhumal, Arunima KumarMay 20 (Reuters) - Dealmaking in the U.S. oil patch has slowed to a crawl in 2025, with the activity expected to stay muted for the rest of the year, as some prolific buyers focus on squeezing out value from their past acquisitions, while others curb their appetite for ...Reuters
Tue, May 20
CBOT Trends-Wheat up 8-12 cents, corn up 3-7 cents, soybeans up 1-4 cents
CHICAGO, May 20 (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 - Up 8 to 12 cents per bushelCBOT wheat futures higher on short-covering and technical buying after an u...Reuters
Tue, May 20
Chevron seeks big oil and gas blocks in Indonesia, regulator says
TANGERANG, Indonesia, May 20 (Reuters) - U.S. oil major Chevron CVX.N is interested in exploring and developing oil and gas assets in Indonesia with sizable reserves, Djoko Siswanto, chairman of its upstream oil and gas regulator SKK Migas, said on Tuesday.Chevron is seeking blocks with potential re...Reuters
Tue, May 20
