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Ukraine expects 2026 grain crop at 60.4 mln tons
KYIV, May 12 (Reuters) - Ukraine's grain crop forecast for this year stands at 60.4 million tons, the deputy economy minister said on Tuesday. Farmers are expected to harvest around 22.4 million tons, he added.
Reuters
Tue, May 12
US solar panel makers seek tariff probe on Ethiopia
May 12 (Reuters) - A group of U.S. solar panel makers on Tuesday said it 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.
Reuters
Tue, May 12
EXCLUSIVE-Eni explores potential LNG assets deal with big funds, sources say
By Francesca Landini and Elvira Pollina MILAN, May 12 (Reuters) - Italian energy group Eni ENI.MI has asked Morgan Stanley to help it to raise funds from investment firms such as Apollo, KKR KKR.N and Stonepeak in a possible deal backed by its floating liquefied natural gas (FLNG) assets, three p...
Reuters
Tue, May 12
Venture Global signs new LNG supply deals with TotalEnergies, Vitol
US LNG exporter signs supply deals with Total and VitolAgreements follow heightened global focus on energy securityVenture Global has announced over 3 mtpa of deals since start of Iran warBy Curtis Williams HOUSTON, May 12 (Reuters) - Venture Global VG.N said on Tuesday it has signed new LNG supp...
Reuters
Tue, May 12
ADNOC Drilling ready to expand UAE oil capacity past 5 million bpd target if asked
ADNOC Drilling outpaces rig deployment targetsADNOC Drilling ready to meet increased demand if requiredOperations unaffected by war disruptions, maintains 98% rig availability in Q1Unconventional oil and gas projects advancing By Yousef SabaDUBAI, May 12 (Reuters) - ADNOC Drilling is ready to expand...
Reuters
Tue, May 12
Silver price declines as hot US inflation bolsters Dollar despite industrial support
Silver (XAG/USD) declines on Tuesday, stalling a four-day winning streak, the white metal trading around $84.10 at the time of writing, down 2.18% on the day.
Silver
Fxstreet
Tue, May 12
At Temple of Heaven summit, Trump and Xi will seek a good harvest
Temple of Heaven projects China's imperial legitimacyXi chooses a historic stage rich in cultural symbolismTrump hoping for more crop purchases by ChinaBy Mei Mei Chu BEIJING, May 12 (Reuters) - Chinese emperors once prayed for bumper crops under the blue-tiled, triple-eaved roof of Beijing...
Reuters
Tue, May 12
French minister says it is not known whether hantavirus in cruise ship outbreak has mutated
PARIS, May 12 (Reuters) - French health minister Stephanie Rist said on Tuesday some things about the hantavirus that struck the MV Hondius cruise ship were not known, including whether it has mutated, although officials were "rather reassured.""There are things ... we do not know about ...
Reuters
Tue, May 12
US war in Iran has cost $29 billion so far, Pentagon says
WASHINGTON, May 12 (Reuters) - The United States' war in Iran has cost $29 billion so far, a senior Pentagon official said on Tuesday, an increase of $4 billion from an estimate provided late last month.With just six months before midterm elections in which President Donald Trump's Republic...
Reuters
Tue, May 12
Low-sulphur gasoil deliveries for May rise at expiry, ICE data shows
May 12 (Reuters) - Deliveries of low-sulphur gasoil LGOc1 for May rose to 2,416 lots or 241,600 tons at expiry, up from 1,568 lots in April, Intercontinental Exchange data showed on Tuesday.The contract expired at $1,219 a ton.
Reuters
Tue, May 12
HSBC raises 2026 Brent price forecast to $95 per barrel
May 12 (Reuters) - HSBC raised its 2026 average Brent price forecast to $95 a barrel last week, citing a longer effective closure of the Strait of Hormuz."Our base case now assumes that Hormuz traffic and Gulf output gradually restart from mid‑June, and a return to near‑normal system-level produ...
Reuters
Tue, May 12
NORDIC POWER-Front-quarter rates reverse course to edge down
May 12 (Reuters) - Nordic front-quarter power rates reversed course and ticked lower on Tuesday, tracking moves in the German power market.The Nordic front-quarter baseload power contract NSBLQc1 fell 0.1 euros, or 0.2%, to 59.9 euros per megawatt hour (MWh) at 10:53 GMT. Prices were up as much as 1...
Reuters
Tue, May 12
RPT-ROI-China's commodity imports show Hormuz impact as oil slides, metals rise: Russell
By Clyde Russell LAUNCESTON, Australia, May 12 (Reuters) - The Iran war is starting to shape China's imports of major commodities, with April data showing a sharp decline in crude oil but rising trade in metals.The headline-grabbing number from the figures released last week by customs was th...
Reuters
Tue, May 12
Japan's Idemitsu returns to fossil fuel focus in new medium-term plan
By Yuka Obayashi TOKYO, May 12 (Reuters) - Japanese oil refiner Idemitsu Kosan 5019.T announced a new fossil-fuel-focused medium-term plan on Tuesday with plans to invest a total of 1.8 trillion yen ($11.4 billion), of which 830 billion yen will be allocated to existing businesses.The move marks ...
Reuters
Tue, May 12
Gold: Indian demand risks under Modi call – Commerzbank
Commerzbank strategists highlight concerns from India’s jewellery industry about a potential further setback in Indian Gold jewellery demand, which is important for the physical Gold market.
Gold
Fxstreet
Tue, May 12
CORRECTED-Canada's First Majestic Silver Q1 revenue jumps 95% on higher metal prices
OverviewCanada silver and gold miner's Q1 revenue rose 95% yr/yrAdjusted EPS for Q1 rose sharply yr/yr but missed analyst expectationsCompany declared Q1 dividend nearly four times higher than last yearOutlookCompany expects cash costs and AISC per silver equivalent ounce to decrease in H2 2026F...
Reuters
Tue, May 12
EU carbon trading revamp to boost revenue return to industry, commissioner says
By Sergio Goncalves LISBON, May 12 (Reuters) - The European Commission's revamp of the bloc's carbon emissions trading system aims to ensure more revenue is returned to industry as an incentive for it to decarbonise further, EU climate commissioner Wopke Hoekstra said on Tuesday.Speaking ...
Reuters
Tue, May 12
Venture Global Expects FY 2026 Adj EBITDA $8.2 Bln to $8.5 Bln VS IBES Estimate $7.95 Bln
May 12 (Reuters) - Venture Global Inc VG.N:VENTURE GLOBAL Q1 EPS $0.19 VERSUS IBES ESTIMATE $0.13VENTURE GLOBAL OUTLOOK FY 2026 CONSOL ADJUSTED EBITDA $8.2 BILLION - $8.5 BILLION VERSUS IBES ESTIMATE $7.95 BILLIONVENTURE GLOBAL: CONTINUE TO EXPECT PLAQUEMINES PROJECT PHASE 1 COD IN Q4VENTURE GLOBAL ...
Reuters
Tue, May 12
ISS recommends shareholders vote against Exxon moving its registration to Texas
LONDON, May 12 (Reuters) - Shareholder proxy adviser Institutional Shareholder Services has recommended investors vote against a proposal by Exxon Mobil's XOM.N board to move its location of incorporation to Texas, saying this would impose greater hurdles for shareholders seeking accountability ...
Reuters
Tue, May 12
Gold Price Forecast: XAU/USD slides to $4,700 ahead of US CPI data
Gold (XAU/USD) shows moderate losses on Tuesday, trading a few pips below the $4,700 level at the time of writing after failing to find acceptance above $4,770 earlier on the day.
Gold
Fxstreet
Tue, May 12
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