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Europe Gasoline/Naphtha-Gasoline refining margins end week higher
LONDON, May 9 (Reuters) - Northwest European gasoline profit margins rose by about 55 cents to $15.92 a barrel on Friday, ending the week around 6.4% higher.A total of 8,000 metric tons of Eurobob E5 barges traded in the Argus window on Friday, with Gunvor selling to BP, Shell and TotalEnergies.No E...Reuters
Fri, May 9
US oil and gas rig count falls to lowest since January, Baker Hughes says
By Scott DiSavino May 9 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating to their lowest since January, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output,...Reuters
Fri, May 9
US Cash Grains-Spot corn basis mixed, soybean basis steady to down
CHICAGO, May 9 (Reuters) - Spot basis bids for corn were mixed at U.S. Midwest elevators and processors on Friday, while basis bids for soybeans were steady to down at processors. The corn basis fell by 2 cents a bushel at a processor in Cedar Rapids, Iowa, and also rose by 2 cents at an elevator in...Reuters
Fri, May 9
GRAINS-Chicago soybeans, corn higher ahead of US-China trade talks
Corn and soybeans higher on hopes for upcoming trade talksWheat notches new lows on beneficial U.S. weatherBy Heather Schlitz CHICAGO, May 9 (Reuters) - Chicago soybean and corn futures bounced on Friday as traders covered short positions ahead of Saturday's meeting between senior U.S. and Ch...Reuters
Fri, May 9
Shell faces delays on two wells at offshore Perdido development in US Gulf
By Arathy Somasekhar HOUSTON, May 9 (Reuters) - Shell SHEL.L, the top U.S. offshore producer, said this week that two of its wells to boost production at the Perdido offshore development were delayed to the end of the year, while one was brought online in March.All three wells, part of Perdido...Reuters
Fri, May 9
METALS-Copper steady ahead of US-China trade talks, focus on tighter nearby supply
LME cash/3-month copper premium at highest since November 2022Outflows from LME, SHFE copper stocks continue, Comex stocks riseYangshan copper premium at highest since December 2023By Ashitha Shivaprasad and Polina Devitt May 9 (Reuters) - Copper steadied on Friday ahead of U.S.-China trade talks...Reuters
Fri, May 9
CSX Reroutes Trains After 17 Car Derailment Near Campbell Road & Nancy Circle In Smyrna, Georgia
May 9 (Reuters) - CSX Corp CSX.O:CSX CORP: TEMPORARILY REROUTING TRAINS FOLLOWING A 17-CAR DERAILMENT TODAY NEAR CAMPBELL ROAD AND NANCY CIRCLE IN SMYRNA, GEORGIACSX CORP: SMYRNA, GEORGIA, DERAILMENT MAY CAUSE DELAYSSource text: [ID:]Reuters
Fri, May 9
Elliott Investment Management Is Considering A Stake In The Bulgarian Extension Of The Turkstream Pipeline - WSJ
May 9 (Reuters) - ELLIOTT INVESTMENT MANAGEMENT IS CONSIDERING A STAKE IN THE BULGARIAN EXTENSION OF THE TURKSTREAM PIPELINE - WSJELLIOTT RECENTLY SIGNED A NONDISCLOSURE AGREEMENT WITH BULGARIA’S STATE-OWNED GAS TRANSMISSION OPERATOR BULGARTRANSGAZ- WSJSource: https://tinyurl.com/ymc9fdejReuters
Fri, May 9
Brazil, China discuss railway from Peruvian port to Brazil territory
BRASILIA, May 9 (Reuters) - Brazil is in talks with China to build a railway connecting the Chinese-built mega Chancay port in Peru to Brazilian regions, Planning Minister Simone Tebet said on Friday."They are very interested in helping Brazil, in crisscrossing the country with railways," Te...Reuters
Fri, May 9
Enbridge beats Q1 profit estimates on Mainline and gas distribution growth
Company remains bullish on need for additional oil export capacity out of Western CanadaExpects to make final investment decision on phase one of Mainline expansion this yearProject will add 150,000 barrels per day of capacity to the networkBy Amanda Stephenson and Arunima Kumar May 9 (Reuters) -...Reuters
Fri, May 9
US oilfield giants brace for tough times as price slide rattles producers
Top oilfield service firms warn of slower 2025 activityTariffs raising costs, adding pressure on service marginsSLB, Halliburton, Baker Hughes cite weaker North America outlookOil producers cutting back drilling activityBy Arunima Kumar May 9 (Reuters) - Top U.S. oilfield service firms have signa...Reuters
Fri, May 9
Residents stockpile food, rush to bunkers as conflict rattles India and Pakistan
Authorities warn against price gouging, stockpilingResidents in border areas flee to bunkers overnightIndia/Pakistan clashes continue for the third dayWorst violence between the neighbours in nearly three decadesBy Mubahsher Bukhari, Tariq Maqbool and Saurabh Sharma LAHORE/MUZAFARRABAD, Pakistan/...Reuters
Fri, May 9
EXCLUSIVE-China buys Canadian, Australian wheat as heat hits crop, traders say
By Michael Hogan, Peter Hobson and Gus Trompiz HAMBURG/CANBERRA/PARIS, May 9 (Reuters) - Chinese buyers bought between 400,000 and 500,000 metric tons of wheat from Australia and Canada in recent weeks, traders said, as heat threatens to damage crops in China’s agricultural heartlands.China is th...Reuters
Fri, May 9
UK steel sector urges clarity on timeframe for 0% US tariffs
Britain hails removal of U.S. steel tariffsBut supply chain conditions, quotas still to be decidedSteel body: more details needed as sector faces threatsBy Alistair Smout LONDON, May 9 (Reuters) - Britain's steel sector on Friday urged clarity on when U.S. tariffs will be scrapped under a lan...Reuters
Fri, May 9
Brazil's Lula slams Trump tariffs in meeting with Putin
SAO PAULO, May 9 (Reuters) - Brazilian President Luiz Inacio Lula da Silva on Friday slammed U.S. President Donald Trump's trade policies and sweeping tariffs, saying they harm multilateralism as he met with his Russian counterpart Vladimir Putin in Moscow. Lula is in Russia to commemorate th...Reuters
Fri, May 9
China's Copper ore imports at record level – Commerzbank
Trade data from China also supports the impression of continued strong demand for Copper in the most important market for the metal, which is essential for electrification, Commerzbank's commodity analyst Thu Lan Nguyen notes.Fxstreet
Fri, May 9
Enbridge To Make FID On First Phase Of Mainline Optimization Plan Later This Year
May 9 (Reuters) - Enbridge Inc ENB.TO:ENBRIDGE TO MAKE A FINAL INVESTMENT DECISION ON FIRST PHASE OF MAINLINE OPTIMIZATION PLAN LATER THIS YEAR - CONF CALLENBRIDGE CEO SAYS COMPANY WILL HAVE EQUITY INTEREST IN 30% OF ALL PERMIAN GAS EGRESS CAPACITY IN 2026 - CONF CALLENBRIDGE EXPECTS TO APPROVE NEW ...Reuters
Fri, May 9
