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UKMTO says it received a report of an incident 92 nm southwest of Yemen's Mukalla
May 1 (Reuters) - The master of a bulk carrier on Friday reported being approached by a skiff carrying seven armed people 92 nautical miles southwest of Yemen's Mukalla in the Gulf of Aden, the United Kingdom Maritime Trade Operations (UKMTO) agency said.Reuters
Fri, May 1
LyondellBasell expects second-quarter boost from higher petrochemical margins
May 1 (Reuters) - Petrochemicals maker LyondellBasell LYB.N said on Friday it expects sequential improvement in the second quarter, as tighter global supply and stronger pricing amid the Middle East conflict lift margins across most of its businesses.The company said reduced exports from the Middle ...Reuters
Fri, May 1
Atmus Q1 sales slightly beat estimates on Koch Filter acquisition
OverviewFiltration solutions provider's Q1 net sales rose 15%, slightly beating analyst expectationsAdjusted EPS for Q1 beat analyst expectationsCompany repurchased $7 mln in stock under existing buyback programOutlookAtmus expects 2026 net sales between $1.945 bln and $2.015 blnCompany sees 202...Reuters
Fri, May 1
HF Sinclair Q1 revenue, adjusted EPS beat on higher refining margins
OverviewUS energy producer's Q1 revenue rose 12%, beating analyst expectationsAdjusted EPS for Q1 turned positive and beat analyst expectationsCompany attributed results to higher refinery margins, increased product sales, and PTC benefitsOutlookCompany says each business segment is well positio...Reuters
Fri, May 1
WTI Price Forecast: Flattens above $102 but looks on track to revisit three-year high
West Texas Intermediate (WTI), futures on NYMEX, trades calmly around $102.25 during the European trading session on Friday. The Oil price has turned flat after an almost two-week-long rally hit a pause near $107.35 on Thursday.
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Fri, May 1
TC Energy beats first-quarter profit estimates
May 1 (Reuters) - Canadian pipeline operator TC Energy TRP.TO beat analysts' estimates for first-quarter profit on Friday, helped by strength in its U.S. and Canada operations. On an adjusted basis, the Calgary-based company earned 99 Canadian cents ($0.7294) per share for the three months en...Reuters
Fri, May 1
HF Sinclair posts surprise quarterly profit
May 1 (Reuters) - U.S. refiner HF Sinclair DINO.N posted a surprise first-quarter adjusted profit on Friday, helped by higher refining margins.The Dallas, Texas-based company reported an adjusted profit of 69 cents per share for the three months ended March 31, compared with analysts' average es...Reuters
Fri, May 1
PRECIOUS-Gold heads for weekly loss as high oil prices feed inflation worries
Central banks hold rates steadyUBS expects gold to rebound long-termIran threatens retaliation if U.S. renews attacksBy Anjana Anil May 1 (Reuters) - Gold prices fell more than 1% on Friday and were headed for a weekly loss of a similar magnitude, as elevated oil prices continued to fan inflation...Reuters
Fri, May 1
Chevron says downtime could hit Q2 output by 150,000 boepd
May 1 (Reuters) - U.S. oil and gas major Chevron CVX.N said on Friday that planned turnarounds and downtime would reduce its upstream production by 100,000 to 150,000 barrels of oil equivalent per day in the second quarter.The company added that the disruptions were expected to weigh on downstream e...Reuters
Fri, May 1
Deere & Company Board Elects Brent Norwood As Chief Financial Officer
May 1 (Reuters) - Deere & Co DE.N:DEERE & COMPANY BOARD ELECTS BRENT NORWOOD AS CHIEF FINANCIAL OFFICERDEERE & COMPANY BOARD ELECTS BRENT NORWOOD AS CHIEF FINANCIAL OFFICERDEERE & CO: ELECTED BRENT NORWOOD, 44, AS SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER, EFFECTIVE MAY 1Reuters
Fri, May 1
Japan's big trading houses expect record profits but utilities forecast pain as Iran war weighs
Marubeni, Itochu and Sumitomo forecast record annual profitsMitsui and Mitsubishi too expect higher full-year profits Japan relies on the Middle East for the bulk of its oil suppliesDomestic utilities warn of profit hit as procurement costs increaseBy Yuka Obayashi and Katya Golubkova TOKYO, May ...Reuters
Fri, May 1
Mali attacks spotlight the growing reach of militants across West Africa
Graphic story here: https://www.reuters.com/graphics/MALI-SECURITY/SAHEL/zgvolldmopd/By David Lewis, Mariano Zafra and Maxwell Akalaare Adombila May 1 (Reuters) - Simultaneous attacks in Mali by militants linked to al Qaeda and separatist Tuareg rebels on April 25 showed how fighters from differ...Reuters
Fri, May 1
Canada's Hudbay Minerals Q1 revenue, adjusted EPS beat estimates
OverviewCanada copper and gold miner's Q1 revenue rose, beating analyst expectationsAdjusted EPS for Q1 beat analyst expectationsCompany reaffirmed 2026 production and cost guidanceOutlookHudbay reaffirms 2026 copper production guidance of 110,000-138,000 tonnes and gold at 217,000-272,000 ozCom...Reuters
Fri, May 1
CMA Says Report Found Petrol & Diesel Prices Rapidly Increased Between Feb & 20 April
May 1 (Reuters) - CMA:CMA PUBLISHES LATEST MONITORING REPORT ON ROAD FUEL MARKETCMA: ANALYSIS FINDS THAT, ON AVERAGE, RETAILER FUEL MARGINS WERE BROADLY UNCHANGED IN MARCHCMA: REPORT FOUND PRICES FOR PETROL, DIESEL RAPIDLY INCREASED BY 26 AND 50 PENCE PER LITRE RESPECTIVELY BETWEEN FEBRUARY AND 20 A...Reuters
Fri, May 1
EXCLUSIVE-SpaceX spending on Starship tops $15 billion in rush for airline-like rocketry
Starship's success is key to SpaceX's Starlink and deep space ambitionsMajor technical hurdles remain, including ground infrastructure and in-orbit refuelingTesting failures have led to hundreds of design changes, with Starship V3 debuting nextBy Joey Roulette and Echo Wang WASHINGTON, Ma...Reuters
Fri, May 1
GRAINS-Wheat set for weekly gain as US Plains drought hits crops
LONDON/CANBERRA, May 1 (Reuters) - Chicago wheat futures eased slightly on Friday but were still on track for a third straight weekly gain after dry conditions damaged crops in the U.S. Plains.Corn and soybean futures were higher, supported by fears that a sharp rise in fertiliser costs due to the I...Reuters
Fri, May 1
REFILE-US naval blockade squeezes Iran's oil exports, forces crude onto floating storage
Floating storage builds as tankers idle, raising logistics costsHormuz closure compounds regional outages from Saudi, UAE, IraqChina-bound barrels disrupted, heightening price volatility risk By Nerijus Adomaitis and Ahmad Ghaddar OSLO/LONDON, April 30 (Reuters) - A U.S. naval blockade of Iranian...Reuters
Fri, May 1
EUROPE GAS-European gas prices edge up as Hormuz shipping blockade continues
Strait of Hormuz blockade disrupts LNG shipping, fueling global gas price pressureMarket participants pessimistic about Hormuz reopening timelineLower wind output increases gas demand for power generation, analysts sayLONDON, May 1 (Reuters) - European gas prices edged higher on Friday morning with ...Reuters
Fri, May 1
RPT-Californians now paying 6 bucks a gallon for kicks on Route 66
Iran conflict disrupts global oil flows, tightening California supply and raising pricesReliance on Asian imports and refinery closures worsen California's fuel shortagesRising gas prices spark political debate ahead of state and national electionsCalifornia fuel stockpiles hit record lows, impo...Reuters
Fri, May 1
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