News
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US natgas prices edge up on output decline
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 13 (Reuters) - U.S. natural gas futures edged up about 1% on Tuesday on a drop in output in recent weeks.That small price increase came despite fo...Reuters
Tue, May 13
U.S. Trump, Saudi crown prince sign economic partnership agreement
DUBAI, May 13 (Reuters) - U.S. President Donald Trump and Saudi Crown Prince Mohammed bin Salman, known as MbS, signed on Tuesday a strategic economic partnership agreement in Riyadh during Trump's regional visit.The partnership includes agreements for energy, mining, and defense.Reuters
Tue, May 13
Aramco to sign MoUs with NextDecade and Sempra, CEO says
RIYADH, May 13 (Reuters) - Saudi oil giant Aramco will sign on Tuesday memoranda of understanding with U.S. liquefied natural gas producer NextDecade NEXT.O and utility firm Sempra SRE.N, Aramco's CEO Amin Nasser told the U.S.-Saudi Investment Forum.Reuters
Tue, May 13
CBOT Trends-Wheat steady-down 7 cents, corn steady-down 4, soybeans steady-down 5
CHICAGO, May 13 (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 - Steady to down 7 cents per bushel* CBOT wheat futures fell as the U.S. dollar was higher and the U.S. ...Reuters
Tue, May 13
Motiva Port Arthur, Texas Plant Reports Spill on May 12
May 13 (Reuters) - MOTIVA: MOTIVA PORT ARTHUR, TEXAS REFINERY REPORTS ON MAY 12, THE MANUFACTURING COMPLEX EXPERIENCED LOSS OF PRIMARY CONTAINMENT AT VACUUM PIPE STILL No. 4 THAT RESULTED IN A SPILL GREATER THAN 5 BARRELS AND AIR EMISSIONS IN EXCESS OF REPORTABLE QUANTITIESSOURCE: TEXAS COMMISSION O...Reuters
Tue, May 13
GRAINS-Soybeans ease from three-month peak, wheat hits lowest since 2020 on supply pressure
By Ella Cao and Gus Trompiz BEIJING/PARIS, May 13 (Reuters) - Chicago soybeans edged down on Tuesday after hitting a three-month high in the previous session following a temporary truce in the U.S.-China trade war and a bullish U.S. Department of Agriculture report.Wheat futures extended losses t...Reuters
Tue, May 13
PRESS DIGEST-Canada - May 13
May 13 (Reuters) - The following are the top stories from The Globe and Mail. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL- The head of Trans Mountain, Mark Maki, is optimistic that a new pipeline to carry landlocked crude to a Canadian coast can be...Reuters
Tue, May 13
U.S. nuclear power plant outages
May 13 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total ...Reuters
Tue, May 13
RPT-COLUMN-Trade truce won't resurrect China's imports of US energy: Russell
By Clyde Russell LAUNCESTON, Australia, May 13 (Reuters) - The move by the United States and China to reduce import tariffs on each other and negotiate has been broadly welcomed by markets, but the de-escalation will do very little to restore the trade in energy commodities.The truce between the ...Reuters
Tue, May 13
PRECIOUS-Gold regains some ground as dollar eases, trade optimism fades
Gold fell to more than one-week low on MondayUS and China reach deal to temporarily slash tariffsFocus on US CPI data due at 1230 GMTBy Brijesh Patel May 13 (Reuters) - Gold prices rose on Tuesday as the dollar crept lower and initial optimism over a trade truce between the United States and Chin...Reuters
Tue, May 13
UK chips supplier IQE could move some production to US on tariff concerns
IQE considers dual sourcing to mitigate tariff impactCEO Meier discusses potential US production moveCEO says a full sale of Taiwan ops makes timing senseBy Yadarisa Shabong May 13 (Reuters) - Apple supplier IQE IQE.L is looking at moving some production to the United States and considering dual ...Reuters
Tue, May 13
RPT-COLUMN-World corn supplies set for 12-year lows despite massive US crop: Braun
By Karen Braun NAPERVILLE, Illinois, May 12 (Reuters) - U.S. farmers are poised to reap a record corn crop in the upcoming 2025-26 cycle.Additionally, combined output among key corn exporters in South America is also slated for an all-time high in 2025-26.But the U.S. Department of Agriculture pr...Reuters
Tue, May 13
Kayne Anderson raises $2.25 billion for third energy income fund
Raising tops original target of $1.5 billionFunds to be invested in oil and gas assets with steady outputLargest energy income fund ever raised by Kayne AndersonBy David French May 13 (Reuters) - Kayne Anderson has closed its third energy income fund with $2.25 billion of total capital committed,...Reuters
Tue, May 13
RPT-Britain's Tesco has no plans to source American beef
LONDON, May 13 (Reuters) - Tesco TSCO.L, Britain's biggest supermarket group, has no plans to source American beef despite last week's U.S.-UK trade deal giving the product access to the UK market.The deal gave U.S. farmers a quota of 13,000 metric tonnes for beef which meets UK standards, w...Reuters
Tue, May 13
Vitol and Grindrod announce solvent wind-down of Cockett
May 13 (Reuters) - VITOL:VITOL AND GRINDROD ANNOUNCE SOLVENT WIND-DOWN OF COCKETTVITOL: ANTICIPATES PAYMENT OF RELEVANT RECEIVABLES DUE FROM CUSTOMERS WITHIN A SIMILAR TIMEFRAMEVITOL: COCKETT ANTICIPATES ALL RELEVANT SUPPLIERS WILL BE PAID IN FULL WITHIN NEXT 60 DAYSVITOL: COCKETT TO CONTINUE TO PER...Reuters
Tue, May 13
Britain's Tesco has no plans to source American beef
LONDON, May 13 (Reuters) - Tesco TSCO.L, Britain's biggest supermarket group, has no plans to source American beef despite last week's U.S.-UK trade deal giving the product access to the UK market.The deal gave U.S. farmers a quota of 13,000 metric tonnes for beef which meets UK standards, w...Reuters
Tue, May 13
Ichthys LNG run rate near full capacity as of end-April, says Inpex exec
Ichthys run rate fell to 80-90% in mid-April due to glitchMaintenance planned at Ichthys from mid-August to OctoberCuts Inpex's 2025 profit estimate by 9% due to lower oil pricesBy Yuka Obayashi TOKYO, May 13 (Reuters) - The run rate at the Ichthys liquefied natural gas (LNG) plant in Austral...Reuters
Tue, May 13
WTI extends winning streak on US-China trade truce
West Texas Intermediate (WTI), futures on NYMEX, extends its winning streak for the fourth trading session on Tuesday. The Oil price climbs to near $62.00 as the 90-day agreement between the United States (US) and China to reduce tariffs substantially by 115% has boosted its demand outlook.
Fxstreet
Tue, May 13
