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US does not think airline industry needs bailout, has access to cash
WASHINGTON, May 2 (Reuters) - U.S. Transportation Secretary Sean Duffy said Saturday he does not think the government needs to bail out low-cost airlines that have sought $2.5 billion in government relief because of high jet fuel prices."I would say that at this point, I don't think it's...Reuters
Sat, May 2
China's Commerce Ministry blocks US sanctions against five refineries
SHANGHAI, May 2 (Reuters) - China’s Ministry of Commerce said on Saturday it had issued an injunction to block U.S. sanctions imposed on five Chinese refiners accused of buying Iranian oil, according to state news agency Xinhua.The ministry named the five as Hengli Petrochemical (Dalian) Refinery, a...Reuters
Sat, May 2
Yemen says oil tanker hijacked off Shabwa coast, heads towards Somali waters
May 2 (Reuters) - Yemen’s coast guard said on Saturday that the M/T EUREKA oil tanker had been hijacked off the coast of Shabwa province by unidentified armed men who boarded the vessel, seized control and steered it towards the Gulf of Aden in the direction of Somali waters.The coast guard added th...Reuters
Sat, May 2
Yemen says oil tanker hijacked off Shabwa coast, heads towards Somali waters
May 2 (Reuters) - Yemen’s coast guard said on Saturday that the M/T EUREKA oil tanker had been hijacked off the coast of Shabwa province by unidentified armed men who boarded the vessel, seized control and steered it towards the Gulf of Aden in the direction of Somali waters.Reuters
Sat, May 2
MSC Launchs New Service Europe - Red Sea - Middle East Express In Response To Growing Demand Challenging Scenario In Middle East
May 2 (Reuters) - MSC: LAUNCHS NEW SERVICE EUROPE - RED SEA - MIDDLE EAST EXPRESS IN RESPONSE TO GROWING DEMAND CHALLENGING SCENARIO IN MIDDLE EASTSource text: https://tinyurl.com/2bz8zhvkFurther company coverage: [ ]Reuters
Sat, May 2
OPEC+ agrees in principle on small oil output quota hike without UAE, sources say
LONDON, May 2 (Reuters) - Seven OPEC+ countries have an agreement in principle to raise oil output targets by about 188,000 barrels per day in June, pressing on with plans despite the departure of the UAE, two sources familiar with OPEC+ thinking said ahead of a policy meeting on Sunday.The increase...Reuters
Sat, May 2
Bulk carrier reports suspicious approach off coast of Yemen, UKMTO says
DUBAI, May 2 (Reuters) - A bulk carrier reported a suspicious approach by a skiff accompanied by a fishing vessel on Saturday, 84 nautical miles southwest of the port of Mukalla on the southern coast of Yemen, Britain's maritime security agency UKMTO reported.Reuters
Sat, May 2
Egypt says arrears to international oil companies at $714 mln by end April 2026
DUBAI, May 2 (Reuters) - Egypt reduced arrears owed to international oil and gas partners to about $714 million by the end of April 2026 from $6.1 billion in June 2024, with plans to clear all outstanding dues by the end of June, Egypt’s petroleum minister Karim Badawi said on Saturday.Reuters
Sat, May 2
Trump expands US sanctions on Cuban government and affiliates
Sanctions target Cuban security, energy, financial sectorsMove seen as significant escalation of measures against CubaUS cites Cuba's alleged ties to Iran, HezbollahCuba calls measures 'coercive', says it will not be intimidatedBy Steve Holland and Daphne Psaledakis WASHINGTON, May 1 ...Reuters
Sat, May 2
Trump says US Navy acting 'like pirates' to carry out naval blockade of Iranian ports
By Kanishka Singh WASHINGTON, May 1 (Reuters) - President Donald Trump said on Friday the U.S. Navy was acting "like pirates" in carrying out Washington's naval blockade of Iranian ports during the U.S. and Israel's war against Iran. Trump made the comments while describing the se...Reuters
Sat, May 2
Mexico's Sheinbaum taps new agriculture minister
MEXICO CITY, May 1 (Reuters) - Mexican President Claudia Sheinbaum has tapped agronomist Columba Jasmin Lopez to be the country's next minister of agriculture and rural development, replacing current minister Julio Berdegue, her government said on Friday."Her appointment represents the arriv...Reuters
Sat, May 2
Trump rallies seniors in Florida as Republicans face tough elections
Trump touted senior tax breaks, Social Security changes at The Villages eventApproval rating drops to 34%, economic woes and inflation fuel voter discontentSecurity scrutinized after foiled attackBy Jacob Bogage and Gram Slattery THE VILLAGES, Florida, May 1 (Reuters) - In his first event out...Reuters
Fri, May 1
CIF/FOB Gulf Grain-Soy, corn barge bids steady-firmer
CHICAGO, May 1 (Reuters) - Spot basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals inched higher on Friday, reflecting exporter demand and thinning farmer grain sales after a flurry of offerings earlier this week, traders said.At the Gulf, CIF soybean barges loaded in May...Reuters
Fri, May 1
LNG Canada exports hit 1 million metric tons for first time in single month
By Curtis Williams HOUSTON, May 1 (Reuters) - Exports of liquefied natural gas from Canada’s LNG Canada plant topped 1 million metric tons in April, setting a monthly record, according to LSEG data.LNG Canada is the country’s first major LNG export facility and the first on North America’s West C...Reuters
Fri, May 1
WRAPUP 7-Trump says he's dissatisfied with Iranian proposal as rift with allies deepens
Trump says Iran asking for things 'I can't agree to'Iran's foreign minister cites US' 'excessive approach'US withdrawing 5,000 troops from GermanyWithdrawal follows German leader's war commentsBy Gram Slattery, Asif Shahzad and Enas Alashray WASHINGTON/ISLAMABAD/CA...Reuters
Fri, May 1
U.S. border wall construction threatens endangered wolves, conservationists say
Conservationists warn border wall will isolate endangered species, reducing genetic diversityUS officials cite national security, say mitigation efforts like wildlife crossings are plannedIsolation of US, Mexican wolf populations led to inbreeding, lower birthrates, cancersBy Andrew HayMay 1 (Reuter...Reuters
Fri, May 1
US Cash Crude-Grades mixed as no end in sight for Iran war
HOUSTON, May 1(Reuters) - U.S. domestic grades were mixed on Friday, as there was no end in sight to the Iran war after U.S. President Donald Trump said on Friday he was not satisfied with the latest Iranian proposal.Trump on Friday repeated his prediction that oil and gas prices would fall when the...Reuters
Fri, May 1
LIVESTOCK-CME cattle futures dip on profit-taking, after hitting new highs during session
By P.J. HuffstutterCHICAGO, May 1 (Reuters) - Chicago Mercantile Exchange cattle futures surged to new contract highs on Friday, but ultimately ended lower on profit-taking and weakness in wholesale prices ahead of the weekend, market analysts said.A lack of fresh news capped prices, but recent stre...Reuters
Fri, May 1
US Plains HRW Wheat-Basis steady-firmer; weather in focus
CHICAGO, May 1 (Reuters) - Basis bids for hard red winter wheat were steady to stronger in the southern U.S. Plains on Friday, reflecting demand from domestic flour millers while farmers remain reluctant sellers as they await more clarity on how drought has affected prospects for the 2026 harvest, d...Reuters
Fri, May 1
BP restores operations at Whiting refinery after brief outage on Sunday
May 1 (Reuters) - BP BP.L said on Friday that power was swiftly restored and operations normalized at its 440,000-barrel-per-day Whiting, Indiana, oil refinery, after a brief electrical outage and flaring occurred on Sunday. BP said the interruption was related to an electrical system issue and was ...Reuters
Fri, May 1
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