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Lobbying battle intensifies as E15 ethanol bill nears US vote
Year-long E15 faces opposition from refining states, environmental groups and small refinersSupporters argue E15 boosts farm economy, lowers pump prices, increases corn demandOpponents warn of refinery closures, higher fuel costs, environmental and taxpayer impactBy Siddharth Cavale and Jarrett Rens...Reuters
22 hours ago
USDA projects smallest US wheat harvest since 1972 due to Plains drought
Drought slashes hard red winter wheat crop by 25%, only 28% rated good-to-excellentUSDA forecasts second-largest soybean crop, corn output to fall 6% from last yearRising costs from Strait of Hormuz closure, trade tensions with China impact farm economyBy Karl Plume CHICAGO, May 12 (Reuters) - ...Reuters
22 hours ago
US solar panel makers seek tariff probe on Ethiopia
By Nichola GroomMay 12 (Reuters) - A group of U.S. solar panel makers on Tuesday asked federal trade officials to investigate solar shipments from Ethiopia, alleging that companies are finishing their products there to avoid import duties on Chinese-made goods.The filing with the U.S. Department of ...Reuters
22 hours ago
INSTANT VIEW-USDA projects smallest US wheat harvest since 1972
CHICAGO, May 12 (Reuters) - U.S. wheat production for the 2026/27 marketing year is expected to fall to 1.561 billion bushels, the smallest level since 1972/73, the U.S. Department of Agriculture said on Tuesday. The figure fell below a range of trade expectations and sent Chicago Board of Trade whe...Reuters
22 hours ago
Exxonmobil Baytown Refinery Reports Emissions Due to Leak at Baytown, Texas Refinery
May 12 (Reuters) - EXXONMOBIL XOM.N:REPORTS A LEAK ON THE INLET DUCT OF REACTOR 501A RESULTED IN EMISSION TO ATMOSPHERE AT BAYTOWN, TEXAS REFINERY REPORTS WHILE THE SUSPECTED LEAK STARTED AT 12:45 PM ON 5/11/26 THE REPORTABLE QUANTITY AMOUNT WAS NOT EXCEEDED UNTIL 5/12/26 AROUND 4:15 AMREPORTS UNIT ...Reuters
22 hours ago
Ivory Coast cocoa traceability rates fail to improve as EU anti-deforestation law looms
By May Angel LONDON, May 12 (Reuters) - The amount of Ivorian cocoa that can be traced back to where it was grown remains at just under half, calling into question how the world's top cocoa grower will manage to comply with the EU's looming anti-deforestation law, according to a new analy...Reuters
22 hours ago
UK to send drones, jets and warship to join defensive mission securing Strait of Hormuz
LONDON, May 12 (Reuters) - Britain said on Tuesday it would contribute autonomous mine-hunting equipment, Typhoon fighter jets and the warship HMS Dragon to a multinational defensive mission aimed at securing shipping in the Strait of Hormuz.Reuters
22 hours ago
Second Qatari LNG tanker successfully crosses Hormuz to Pakistan as Iran war continues, data shows
By Marwa Rashad LONDON, May 12 (Reuters) - A second Qatari liquefied natural gas tanker successfully went through the Strait of Hormuz on Tuesday, days after the first such cargo crossed under an arrangement involving Iran and Pakistan, highlighting how cargoes are crossing the waterway on a case...Reuters
22 hours ago
Europe Gasoline/Naphtha-Gasoline refining margins edge higher
LONDON, May 12 (Reuters) - Northwest European gasoline refinery margins gained 19 cents to $29.43 a barrel on Tuesday as supply tightened. About 10,000 metric tons of E5 gasoline barges traded in the Argus window as BP sold to TotalEnergies.An additional 4,000 tons of E10 gasoline barges changed han...Reuters
23 hours ago
US LNG vessels leave for China after year-long pause ahead of Trump-Xi summit
Three vessels head to China after direct shipment pauseChinese buyers resold US LNG cargoes to other countriesUS LNG shipments to China dropped sharply since 2025By Scott DiSavino and Curtis Williams NEW YORK/HOUSTON, May 12 (Reuters) - China could receive in June its first direct U.S. liquef...Reuters
23 hours ago
CORRECTED-PayPal reaches $30 million settlement in DOJ probe over minority business program
WASHINGTON, May 12 (Reuters) - The U.S. Department of Justice said on Tuesday it had reached a $30 million settlement with PayPal PYPL.O in a probe over an investment program created for black and minority-owned businesses that was "unlawful" and "discriminatory."Reuters
23 hours ago
US solar panel makers seek tariff probe on Ethiopia
By Nichola GroomMay 12 (Reuters) - A group of U.S. solar panel makers on Tuesday asked federal trade officials to investigate solar shipments from Ethiopia, alleging that companies are finishing their products there to avoid import duties on Chinese-made goods.The filing with the U.S. Department of ...Reuters
23 hours ago
USDA projects 2026 US soybean harvest at 2nd largest ever, corn crop seen smaller
CHICAGO, May 12 (Reuters) - U.S. farmers will harvest their second-largest soybean crop on record this autumn while corn production is expected to drop 6% from last year, the U.S. Department of Agriculture said on Tuesday, as crop production costs have soared due to the Iran war.The USDA pegged the ...Reuters
23 hours ago
US government's energy arm assumes Strait of Hormuz will stay shut through late May
By Shariq Khan and Scott DiSavino NEW YORK, May 12 (Reuters) - The U.S. Department of Energy's statistical arm on Tuesday said it assumes that the Strait of Hormuz will be effectively shut through late May and traffic will resume gradually from next month, prompting the agency to hike its for...Reuters
23 hours ago
US tariffs weigh on world wine trade in 2025 while consumption slips to new low
Wine exports at lowest since 2009, consumption at weakest since 1957, OIV data showsProducers try tourism, sustainability and low-alcohol products to revive demand, OIV saysProduction held near decades low on adverse weather, removing of vinesBy Gus Trompiz PARIS, May 12 (Reuters) - U.S. tariffs ...Reuters
23 hours ago
Ukraine expects 2026 grain crop of 60.4 mln tons
KYIV, May 12 (Reuters) - Ukraine's grain crop forecast for this year stands at 60.4 million tons, close to last year's levels despite wartime challenges and a cold and wet spring, the deputy economy minister said on Tuesday. Farmers are expected to harvest around 22.4 million tons of ...Reuters
23 hours ago
US considering financing billions of dollars in long-lead time parts of nuclear plants-NEI says
WASHINGTON, May 12 (Reuters) - The U.S. Department of Energy is considering a plan to finance billions of dollars for components of large nuclear reactors that can take a long time to secure, Maria Korsnick, the head of the industry group Nuclear Energy Institute said on Tuesday.Items such as reacto...Reuters
23 hours ago
Brazil's Patria-backed Tria expands into sugar trading
SAO PAULO, May 12 (Reuters) - Brazilian energy platform Tria, controlled by investment firm Patria PAX.O, said on Tuesday it has expanded into global sugar trading.The move builds on Tria's existing energy trading business, targeting Brazilian mills that produce both sugar and electricity from s...Reuters
23 hours ago
ANALYSIS-US CEOs seek China business gains from Trump-Xi summit
Some US CEOs look for China business gains from summitMastercard, Visa aim to deepen footprint in Chinese market, sources sayMeta, Tesla, BlackRock among those facing thorny issues in ChinaBy Eduardo Baptista and Laurie Chen BEIJING, May 12 (Reuters) - From Meta to Tesla and BlackRock, the U.S. b...Reuters
23 hours ago
Petrobras eyes projects to make Brazil self-sufficient in diesel, gasoline
RIO DE JANEIRO, May 12 (Reuters) - Brazil's state-run oil firm Petrobras PETR3.SA is studying projects for its next business plan aimed at making the country self-sufficient in gasoline and diesel, CEO Magda Chambriard said on Tuesday.The oil major is also sending a delegation to Mexico to explo...Reuters
23 hours ago
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