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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
UK factories, hit by Iran war, brace for higher costs and more delivery delays
By Suban AbdullaLONDON, May 1 (Reuters) - A gauge of British manufacturers' cost pressures jumped in April and delivery delays were the most widespread since mid-2022 due to the standoff in the Strait of Hormuz, according to a survey that underscored the impact of the Iran war.S&P Global'...Reuters
Fri, May 1
EXCLUSIVE-Syria relies on Russia's oil despite pivot to the West
By Feras Dalatey BANIYAS, Syria, May 1 (Reuters) - Russia has emerged as the main supplier of oil to Syria, Reuters reporting shows, despite the new government's alignment with the West and widespread distrust of Moscow over its military support for fallen leader Bashar al-Assad.Oil shipments...Reuters
Fri, May 1
UAE's Gargash says no unilateral Iranian arrangements can be trusted regarding Strait of Hormuz
DUBAI, May 1 (Reuters) - UAE presidential adviser Anwar Gargash said on Friday in a post on X that no unilateral Iranian arrangements can be trusted or relied upon regarding freedom of navigation through the Strait of Hormuz, following its "treacherous aggression" against its neighbours.Reuters
Fri, May 1
PRECIOUS-Gold heads for weekly loss on oil-driven inflation concerns
Trading thin amid holidays in China, IndiaIran says it would retaliate with strikes on US positionsAnnual US inflation posts biggest gain in about 3 years in MarchBrokerages price out Fed rate cut expectations for the yearBy Pablo Sinha May 1 (Reuters) - Gold prices fell in thin trading on Friday...Reuters
Fri, May 1
TABLE-North Sea gas maintenance schedule: Adds Subterminal Bacton Shell outage
May 1 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAGE...Reuters
Fri, May 1
WTI retreats below $102.50 on stronger US Dollar, Iran conflict risks curb further losses
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $102.40 during the early European trading hours on Friday. The WTI price edges lower amid a stronger US Dollar (USD).
Fxstreet
Fri, May 1
METALS-Copper rises after seven-session slide as oil pullback eases slowdown concerns
CANBERRA, May 1 (Reuters) - Copper prices climbed on Friday for the first time in seven sessions as oil prices retreated from four-year highs, easing the risk that high energy costs could curb global economic growth and demand for metals. Also supporting copper was data from earlier this week showin...Reuters
Fri, May 1
PRESS DIGEST-New York Times business news - May 1
May 1 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - Apple AAPL.O on Thursday officially introduced its incoming chief executive, John Ternus, to the public. - The California...Reuters
Fri, May 1
PRECIOUS-Gold heads for weekly loss on oil-driven inflation concerns
Trading remains thin amid holiday in China, IndiaIran says it would retaliate with strikes on U.S. positionsAnnual US inflation posts biggest gain in about 3 years in MarchBrokerages price out Fed rate cut expectations for the yearBy Pablo Sinha May 1 (Reuters) - Gold prices were largely steady i...Reuters
Fri, May 1
GRAINS-Wheat rises, set for weekly gain as US Plains drought hits crops
CANBERRA, May 1 (Reuters) - Chicago wheat futures rose on Friday after a week of whipsawing price action, putting the most-traded contract on track for a third straight weekly gain after dry conditions damaged crops in the U.S. Plains.Corn and soybean futures also rose, supported by fears that a sha...Reuters
Fri, May 1
Gold holds in tight range as Iran tensions and mixed Fed signals curb upside
Gold (XAU/USD) struggles to build on the previous day's move higher and oscillates in a narrow band during the Asian session on Friday. The commodity manages to hold comfortably above the $4,600 mark, though it remains on track for a second straight weekly decline.Fxstreet
Fri, May 1
Indonesia to cut ride-hailing companies' maximum commission taken from drivers to 8%
JAKARTA, May 1 (Reuters) - Indonesia will cut the caps on the commissions that ride-hailing companies take from drivers for each trip to 8% from 20%, President Prabowo Subianto said on Friday in Jakarta. Here are the details: Prabowo said he signed a presidential regulation which was th...Reuters
Fri, May 1
PRECIOUS-Gold heads for weekly loss on oil-driven inflation concerns
Trading remains thin amid holiday in China, IndiaIran says it would retaliate with strikes on U.S. positionsAnnual US inflation posts biggest gain in about 3 years in MarchBrokerages price out Fed rate cut expectations for the yearBy Pablo Sinha May 1 (Reuters) - Gold was steady in thin trading o...Reuters
Fri, May 1
Indonesia to cut caps on driver commissions at ride-hailing companies to under 10%
JAKARTA, May 1 (Reuters) - Indonesia will cut the caps on the commissions ride-hailing companies take from drivers for each trip to under 10% from 20%, President Prabowo Subianto said on Friday during a May Day event in Jakarta.Reuters
Fri, May 1
GRAINS-Wheat rises, set for weekly gain as US Plains drought hits crops
CANBERRA, May 1 (Reuters) - Chicago wheat futures rose on Friday after a week of whipsawing price action, putting the benchmark contract on track for a third straight weekly gain as dry conditions damaged crops in the U.S. Plains.Corn and soybean futures also rose.FUNDAMENTALSThe most-traded wheat c...Reuters
Fri, May 1
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