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UAE to up value of US energy investments to $440 billion by 2035
UAE says value of energy investments in US to rise five-foldUS firms to invest $60 billion in UAE energy projectsTrump says there is progress on UAE's $1.4 trillion pledgeBy Yousef Saba DUBAI, May 16 (Reuters) - The United Arab Emirates plans to raise its energy investments in the United Stat...Reuters
Fri, May 16
Trump wraps up Gulf tour with AI and energy deals in UAE
AI deal is major win for Abu DhabiTrump wraps up Gulf tour focused on business dealsUAE commits to greater investments in US energy sectorBy Nayera Abdallah, Yousef Saba and Federico Maccioni DUBAI, May 16 (Reuters) - President Donald Trump said on Friday on his last stop on a Gulf tour focused o...Reuters
Fri, May 16
Adnoc Deepens Energy Partnerships With Us Companies
May 16 (Reuters) - ABU DHABI NATIONAL OIL CO [RIC:RIC:ADNOC.UL]:ADNOC DEEPENS ENERGY PARTNERSHIPS WITH US COMPANIESSTRATEGIC AGREEMENTS ANNOUNCED WILL POTENTIALLY ENABLE $60 BILLION OF US INVESTMENTS IN UAE ENERGY PROJECTSENTERPRISE VALUE OF UAE ENERGY INVESTMENTS INTO US SET TO REACH $440 BILLION B...Reuters
Fri, May 16
RPT-BREAKINGVIEWS-Alibaba partly punctures China's AI hopes
By Robyn Mak HONG KONG, May 16 (Reuters Breakingviews) - After talking up the promises and opportunities of artificial intelligence, Alibaba 9988.HK boss Eddie Wu is struggling to deliver. The Chinese e-commerce group's shares plunged nearly 8% in New York following tepid quarterly earnings. ...Reuters
Fri, May 16
PRECIOUS-Gold slips, heads for worst week in six months on easing trade tensions
Gold down more than 4% this weekDollar headed for fourth straight weekly gainSilver down close to 2%By Brijesh Patel May 16 (Reuters) - Gold prices dropped more than 2% on Friday and were heading for their worst week in six months, as an overall higher dollar and a temporary U.S.-China trade agre...Reuters
Fri, May 16
Adnoc Says XRG Signs A Framework Agreement With Occidental Subsidiary 1Pointfive
May 16 (Reuters) - ABU DHABI NATIONAL OIL CO [RIC:RIC:ADNOC.UL]:XRG SIGNS A FRAMEWORK AGREEMENT WITH OCCIDENTAL SUBSIDIARY 1POINTFIVEFRAMEWORK AGREEMENT TO EVALUATE A POTENTIAL INVESTMENT IN A DIRECT AIR CAPTURE (DAC) PROJECT IN KLEBERG COUNTYFurther company coverage: ADNOC.ULReuters
Fri, May 16
GLOBAL LNG-Asian spot LNG prices rise slightly on US-China tariff truce
By Marwa Rashad LONDON, May 16 (Reuters) - Asian spot liquefied natural gas (LNG) prices rose slightly for the second week running amid a slight uptick in demand as industrial sentiment improved following a 90-day tariff truce agreed by the United States and China during trade talks. The ...Reuters
Fri, May 16
GRAINS-Chicago soyoil extends slide on biofuel doubts, soybeans steady
BEIJING/PARIS, May 16 (Reuters) - Chicago soyoil futures extended losses on Friday after plunging by their daily limit in the previous session as uncertainty over a U.S. biodiesel mandate hung over the market.Prices for soybeans, the crop which produces soyoil, steadied after tumbling on Thursday, u...Reuters
Fri, May 16
EGA Progresses Plans To Build First New Primary Aluminium Production Plant In US
May 16 (Reuters) - EMIRATES GLOBAL ALUMINIUM:PROGRESSES PLANS TO BUILD FIRST NEW PRIMARY ALUMINIUM PRODUCTION PLANT IN USPLANT IS EXPECTED TO HAVE A PRODUCTION CAPACITY OF 600 THOUSAND TONNES OF PRIMARY ALUMINIUM PER YEARCONSTRUCTION OF EGA’S AMERICAN PRIMARY ALUMINIUM PLANT IS EXPECTED TO BEGIN AFT...Reuters
Fri, May 16
FACTBOX-Companies withdraw guidance amid Trump's tariffs
May 16 (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
Fri, May 16
PRESS DIGEST-Canada - May 16
May 16 (Reuters) - The following are the top stories from Canadian newspaper The Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- Canada's chief public health officer Theresa Tam said the spread of measles could continue for a year ...Reuters
Fri, May 16
RPT-COLUMN-A peek at next year's US grain exports in five easy charts: Braun
By Karen Braun NAPERVILLE, Illinois, May 15 (Reuters) - The U.S. government’s first estimates for the upcoming season are still hot off the press, but industry analysts are already discussing the feasibility of the figures, especially as they pertain to U.S. exports.U.S. corn exports have been on...Reuters
Fri, May 16
Pope Leo urges respect for migrants, challenging Trump views
Leo's immigrant background influences his call for compassionPope's speech covers peace, justice and religious freedomLeo condemns arms trade and urges multilateral diplomacyBy Philip Pullella VATICAN CITY, May 16 (Reuters) - U.S.-born Pope Leo XIV, in his first address to world diplo...Reuters
Fri, May 16
Caspian Pipeline Consortium increased Q1 oil transit to 17.85 mln t, IFX reports
MOSCOW, May 16 (Reuters) - The Caspian Pipeline Consortium (CPC) increased oil transit to 17.85 million metric tons in the first quarter of this year, the Interfax news agency reported on Friday, citing Kazakhstan's state energy company KazMunayGaz KMGZ.KZ.Reuters
Fri, May 16
EXPLAINER-How could the EU ban Russian gas?
By Kate Abnett BRUSSELS, May 16 (Reuters) - The European Commission will next month propose legal measures to fully phase out the EU's Russian gas imports by the end of 2027, and ban spot contracts with Russia by the end of this year.Here's how that could work.HOW WILL THE EU BAN RUSSIAN ...Reuters
Fri, May 16
Silver Price Forecast: XAG/USD slides to near $32.30 on US-China trade optimism
Silver price (XAG/USD) falls sharply to near $32.30 during European trading hours on Friday. The white metal is down over 1% as investors become increasingly confident about a trade deal between the United States (US) and China.
Fxstreet
Fri, May 16
IEA sees Oil market still significantly oversupplied despite higher demand forecast – Commerzbank
The International Energy Agency (IEA) has left its forecast for the increase in global Oil demand virtually unchanged. It expects growth of 740 thousand and 760 thousand barrels per day this year and next year respectively. However, demand momentum is expected to slow over the course of the year.Fxstreet
Fri, May 16
