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RPT-Black US farmers brace for impact amid tariffs turmoil
Black farmers face historical challenges in accessing capital and land ownershipTrump's tariffs criticized by farm groups, threaten farmers' competitivenessRace-neutral program passed after lawsuits against Biden's debt relief initiativeBlack farmers' share of U.S. farms has drastica...Reuters
11 hours ago
Petroecuador declares emergency at Ecuador's largest refinery after quake
QUITO, April 30 (Reuters) - Ecuador's state-run oil company Petroecuador has declared an emergency at the country's largest refinery after finding damage caused by an earthquake, but it said on Wednesday oil exports and domestic fuel distribution are not expected to be affected by the measur...Reuters
11 hours ago
Utility PPL beats profit estimate, stays bullish on data-center demand growth
April 30 (Reuters) - Electric and gas utility PPL PPL.N has signed several energy supply agreements in Pennsylvania, it said on Wednesday, betting on robust power demand from data centers despite a recent pullback in artificial intelligence spending by U.S. tech firms.U.S. electric utilities have be...Reuters
11 hours ago
Black US farmers brace for impact amid tariffs turmoil
Black farmers face historical challenges in accessing capital and land ownershipTrump's tariffs criticized by farm groups, threaten farmers' competitivenessRace-neutral program passed after lawsuits against Biden's debt relief initiativeBlack farmers' share of U.S. farms has drastica...Reuters
11 hours ago
Petroecuador declares Ecuador's largest refinery in emergency after quake
QUITO, April 30 (Reuters) - Ecuador's state-run oil company Petroecuador has declared the country's largest refinery in emergency after finding damage caused by an earthquake, but it said on Wednesday oil exports and domestic fuel distribution are not expected to be affected by the measure.Reuters
11 hours ago
US Cash Grains-Corn, soy bids down as buyers roll bids
CHICAGO, April 30 (Reuters) - Spot basis bids for corn and soybeans ticked lower in the U.S. Midwest on Wednesday as buyers continued to roll their basis bids to the July futures contracts from the May contract. Though bids were down, local prices remained effectively steady as the July contract was...Reuters
11 hours ago
EU wheat steadies as low prices stir export hopes
PARIS, April 30 (Reuters) - Euronext wheat ticked higher on Wednesday, tracking strength in Chicago as price lows this week stirred talk of fresh export demand.Gains on Euronext were modest as favourable prospects for this summer's harvest were maintaining supply pressure after a poor export cam...Reuters
11 hours ago
DME Signs Strategic Agreement With Sustany Holdings
April 30 (Reuters) - Desert Mountain Energy Corp DME.V:DME SIGNS STRATEGIC AGREEMENT WITH SUSTANY HOLDINGS AND PROVIDES OPERATIONAL UPDATE FOR ARIZONA AND NEW MEXICODESERT MOUNTAIN ENERGY CORP - AGREEMENT INCLUDES CONSTRUCTION OF 200 MW DATA CENTERDESERT MOUNTAIN ENERGY CORP - TO UPGRADE AND EXPAND ...Reuters
11 hours ago
Europe Gasoline/Naphtha-Gasoline margins jump on US inventory drawdown
LONDON, April 30 (Reuters) - Northwest European gasoline profit margins rose by over $1 to $16.42 a barrel on Wednesday as US inventories fell more than expected. Trafigura, Sahara, and Litasco sold over 9,000 metric tons of Eurobob E5 on barges to Varo, Trafigura, BP, and Sahara.Shell and Gunvor s...Reuters
11 hours ago
Exxon Mobil working to resolve issue at Joliet, Illinois refinery
By Nicole Jao and Shariq Khan NEW YORK, April 30 (Reuters) - Exxon Mobil XOM.N said on Wednesday it is working to resolve an issue that occurred earlier this week at its 275,000 barrels per day refinery in Joliet, Illinois."We are working to resolve an operational issue that occurred on April...Reuters
12 hours ago
US oil output rose slightly in February as New Mexico hit record, EIA says
NEW YORK, April 30 (Reuters) - Total U.S. crude oil production rose to 13.16 million barrels per day (bpd) in February, up about 29,000 bpd from January, data from the U.S. Energy Information Administration showed on Wednesday.Crude oil output from New Mexico, the second largest oil producing state ...Reuters
12 hours ago
METALS-Copper falls more than 3%, on course for worst month since June 2022
By Ashitha Shivaprasad April 30 (Reuters) - Benchmark copper prices fell more than 3% on Wednesday, on track to register the biggest monthly decline since June 2022 against a backdrop of weak data from top metals consumer China and lingering trade uncertainty.Benchmark copper CMCU3 on the London ...Reuters
12 hours ago
Exxon Mobil says working to resolve operational issue at refinery in Joliet, IL
NEW YORK, April 30 (Reuters) - Exxon Mobil XOM.N is working to resolve an issue that occurred earlier this week at its 251,800-barrel-per-day refinery in Joliet, Illinois, the company said Wednesday."We are working to resolve an operational issue that occurred on April 28 and expect to meet cust...Reuters
12 hours ago
Spain's grid denies dependence on solar power to blame for blackout
Sanchez under pressure to provide explanation for blackoutOpposition calls for independent investigationGrid operator accused of failure to invest in system upgrade MADRID, April 30 (Reuters) - Spain's grid operator denied on Wednesday dependence on solar power was to blame for the country...Reuters
12 hours ago
US crude stockpiles draw unexpectedly on export, refinery demand, EIA says
By Arathy Somasekhar and Laila KearneyHOUSTON, April 30 (Reuters) - U.S. crude oil stockpiles fell unexpectedly last week on higher export and refinery demand, while gasoline drew down for a ninth straight week, the Energy Information Administration said on Wednesday.Crude inventories fell by 2.7 mi...Reuters
12 hours ago
Mexico's Pemex reports 43.3 bln peso net loss in Q1
MEXICO CITY, April 30 (Reuters) - Mexican state energy company Pemex reported a 43.3 billion peso first-quarter net loss on Wednesday, according to a filing with the Mexican stock exchange.Revenues for one of the country's biggest companies during the January-to-March period fell 2.5% to 395.59 ...Reuters
12 hours ago
Nearly 450,000 US customers without power after severe storm
April 30 (Reuters) - Nearly 450,000 customers in Pennsylvania were without power early on Wednesday, data from PowerOutage.us showed, a day after a storm system brought on severe weather to the central United States.Duquesne Light Company said late Tuesday it was working to restore power to more tha...Reuters
12 hours ago
US targets Iran with fresh sanctions ahead of next nuclear talks
By Daphne Psaledakis WASHINGTON, April 30 (Reuters) - The United States on Wednesday imposed sanctions on entities it accused of being involved in the illicit trade of Iranian petroleum and petrochemicals ahead of a new round of U.S.-Iran negotiations on Saturday, as Washington seeks to ramp up p...Reuters
12 hours ago
Saudi Arabia signals it can live with lower oil prices, sources say
By Ahmad Ghaddar, Olesya Astakhova and Alex Lawler LONDON, April 30 (Reuters) - Saudi Arabian officials are briefing allies and industry experts to say the kingdom is unwilling to prop up the oil market with further supply cuts and can handle a prolonged period of low prices, five sources with kn...Reuters
12 hours ago
CatIQ estimates C$342 million insured losses from March ice storm in Ontario and Quebec
By Mia MacGregorApril 30 - (The Insurer) - Toronto-based Catastrophe Indices & Quantification (CatIQ) has estimated that the late-March ice storm that hit Ontario and Quebec resulted in an initial industry loss of C$342 million ($247.2 million). The figure includes property losses, both resident...Reuters
13 hours ago
US gasoline stockpiles post longest weekly declining streak since 2022, EIA says
NEW YORK, April 30 (Reuters) - U.S. gasoline stockpiles fell about 4 million barrels in the week ended April 25 to 225.54 million barrels, the ninth consecutive weekly drawdown, data from the U.S. Energy Information Administration (EIA) showed on Wednesday.That is the longest declining streak for ga...Reuters
13 hours ago
Copper vulnerable as China holiday looms and CTA liquidations intensify – TDS
Weak Chinese manufacturing PMIs kicked off the selling activity in Copper, but CTA selling activity into the liquidity vacuum has exacerbated the downside with algos on track to sell more than -7% of their max size, TDS' Senior Commodity Strategist Daniel Ghali notes.Fxstreet
13 hours ago
EXCLUSIVE-RWE's top shareholder group opposes call for more share buybacks
Elliott, other investors push for more buybacksRWE has launched 1.5 bln euro buyback programmeRWE investors approve fresh share buyback resolutionBy Tom Käckenhoff and Christoph Steitz DUESSELDORF/FRANKFURT, April 30 (Reuters) - RWE's RWEG.DE municipal shareholders, the biggest investor bloc ...Reuters
14 hours ago