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HF Sinclair refineries to operate at up to 93% of capacity in Q2 2025, company says
By Nicole JaoNEW YORK, May 1 (Reuters) - Independent U.S. refiner HF Sinclair DINO.N plans to operate its seven refineries at up to 93% of combined capacity of 678,000 barrels per day (bpd) in the second quarter of 2025, said Atanas Atanasov, chief financial officer, during a conference call on Thur...Reuters
21 hours ago
US Ex-Im votes to end policy restricting overseas coal project lending, observers say
WASHINGTON, May 1 (Reuters) - The board of the U.S. Export-Import Bank voted to reverse a two-decade long restriction on lending to coal projects overseas on Thursday, reflecting President Donald Trump's agenda that calls for more domestic coal mining and exports of U.S. coal.The vote comes less...Reuters
21 hours ago
PRECIOUS-Gold slips to 2-week low on trade talk hopes, China holiday
Trump says 'potential deals' with India, South Korea, Japan possibleU.S. economy shrinks in first quarter of fiscal 2025U.S. nonfarm payroll report due on FridayBy Anjana Anil May 1 (Reuters) - Gold dropped to a two-week low on Thursday, pressured by signals of softening trade tensions an...Reuters
21 hours ago
U.S. nuclear power plant outages
May 1 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total o...Reuters
21 hours ago
Trump administration sues Michigan to block planned climate change lawsuit
Justice Department calls Michigan's planned lawsuit overreachMichigan preparing litigation against fossil fuel industryBy Nate Raymond May 1 (Reuters) - The Trump administration has sued the state of Michigan, seeking to prevent it from suing major oil companies over the role they have played...Reuters
21 hours ago
ARA gasoline stocks fell to 5-month low, Insights Global data shows
LONDON, May 1 (Reuters) - Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by over 5% on the week, data from Dutch consultancy Insights Global showed on Thursday.Gasoline stocks dropped to 1.2 million tons on steady exports to the U.S. and Can...Reuters
21 hours ago
Utility Pinnacle West swings to quarterly loss on higher costs
May 1 (Reuters) - U.S. utility Pinnacle West Capital PNW.N on Thursday swung to a loss in the first quarter, hurt by higher operating and interest costs. The Phoenix, Arizona-based company's operating and maintenance costs rose due to new power plants and intangible assets. Higher-for-longer...Reuters
21 hours ago
NYSE-parent ICE beats first-quarter profit estimates on robust trading volume
By Prakhar Srivastava May 1 (Reuters) - Intercontinental Exchange ICE.N beat Wall Street estimates for first-quarter profit on Thursday, benefiting from strong trading volumes in energy and options segments. Shares of the New York Stock Exchange parent were up 1.2%. Global commodity and energy m...Reuters
21 hours ago
US says minerals deal will strengthen Trump in talks with Russia
US and Ukraine signed minerals deal on WednesdayWashington and Kyiv hail the deal, Kremlin silent on itTrump is seeking a peace deal in the war in Ukraine KYIV/WASHINGTON, May 1 (Reuters) - Kyiv and Washington on Thursday hailed a deal giving the United States preferential access to new Ukrainia...Reuters
22 hours ago
White House says small businesses to get tariff relief through taxes
WASHINGTON, May 1 (Reuters) - Small businesses will see economic relief in the form of tax cuts, a top White House official said on Thursday after the U.S. Chamber of Commerce said it had asked the Trump administration for tariff exclusions. Asked about the Chamber's request, White House dep...Reuters
22 hours ago
US-Iran talks set for Saturday likely to be postponed, Axios reporter says
WASHINGTON, May 1 (Reuters) - A fourth round of talks between the United States and Iran, which was due to take place in Rome on Saturday, is likely to be postponed until next week, an Axios reporter said on Thursday, citing three sources. A meeting planned for Friday with Iran and Britain, France a...Reuters
22 hours ago
US Henry Hub natural gas prices hit three-year high in April
May 1 (Reuters) - U.S. spot natural gas prices for the month of April rose to a three-year high at the Henry Hub NG-W-HH-SNL benchmark in Louisiana, according to pricing data from financial firm LSEG.Gas prices averaged $3.41 per million British thermal units (mmBtu) in April, their highest for that...Reuters
22 hours ago
PBF Energy posts quarterly loss amid maintenance, turnaround activities
May 1 (Reuters) - U.S. refiner PBF Energy PBF.N posted a quarterly loss on Thursday versus year-ago profit, as the fire at its Martinez refinery in California and other turnaround activities weighed on refining margins.U.S. refineries typically undergo seasonal maintenance and turnaround activities ...Reuters
22 hours ago
US natgas prices edge up on daily output drop ahead of storage report
U.S. LNG export feedgas hit record high in AprilU.S. gas output hit record high in AprilU.S. gas storage about even with five-year averageBy Scott DiSavino May 1 (Reuters) - U.S. natural gas futures edged up about 1% on Thursday on a drop in output over the past few days and forecasts for more de...Reuters
22 hours ago
CBOT Trends-Wheat up 1-3 cents, corn up 2-3, soybeans down 3-up 1
CHICAGO, May 1 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Thursday. WHEAT - Up 1 to 3 cents per bushel* CBOT wheat futures ticked higher ahead of the release of U.S. export sales...Reuters
23 hours ago
HF Sinclair refineries to operate at up to 93% of combined capacity in Q2 2025
NEW YORK, May 1 (Reuters) - Independent U.S. refiner HF Sinclair DINO.N plans to operate its seven refineries to operate at 93% of combined capacity of 678,000 barrels per day (bpd) in the second quarter of 2025, said Atanas Atanasov, chief financial officer, during a conference call on Thursday.Reuters
23 hours ago
Albemarle CEO: Expects Global Lithium Demand To Grow 15-40% This Year
May 1 (Reuters) - Albemarle Corp ALB.N:CEO KENT MASTERS: EXPECTS GLOBAL LITHIUM DEMAND TO GROW 15-40% IN 2025CEO: EXPECTS GLOBAL LITHIUM DEMAND TO DOUBLE FROM 2024 TO 2030CEO: 'INCENTIVIZING SUPPLY GROWTH REQUIRES LONG-TERM LITHIUM PRICING WELL ABOVE CURRENT SPOT PRICES': NO SIGNIFICANT LONG...Reuters
23 hours ago
DTE Energy quarterly profit rises on strength of gas and energy trading
May 1 (Reuters) - U.S. utility DTE Energy DTE.N reported a rise in first-quarter profit on Thursday, helped by strength in its gas and energy trading segments. Colder weather during the first three months of the year helped boost demand for natural gas used to power heating appliances. Detroit, M...Reuters
23 hours ago
Targa Resources reports higher Q1 core profit on strength of North Dakota assets
May 1 (Reuters) - Pipeline operator Targa Resources TRGP.N on Thursday reported a rise in adjusted core profit in the first quarter, helped by its Badlands operations in North Dakota and as higher NGL prices and service fees the offset impact of lower volumes.Targa supplies natural gas and natural g...Reuters
23 hours ago
Hershey posts robust quarterly results on North America snacks demand
May 1 (Reuters) - Hershey HSY.N posted a smaller-than-expected drop in sales for the first quarter and beat profit estimates on Thursday, helped by steady demand for its salty snacks business in North America.Sales in Hershey's North America snack business, home to Dot's pretzels and SkinnyP...Reuters
23 hours ago
US-Ukraine minerals deal is economic partnership, signal to Russia, Bessent says
WASHINGTON, May 1 (Reuters) - The U.S.-Ukraine minerals deal is a full economic partnership that will allow President Donald Trump to negotiate with Russia on a stronger basis, Treasury Secretary Scott Bessent said on Thursday.The deal, signed on Wednesday, will give the United States preferential a...Reuters
23 hours ago
PRECIOUS-Gold hits two-week low as easing trade tensions boost risk appetite
Trump says he has 'potential deals' with India, South Korea and JapanUS economy shrinks in first quarter of fiscal 2025US nonfarm payroll report due on FridayWeaker payroll report may push gold to $3,500 over the coming months, analyst saysBy Anmol Choubey May 1 (Reuters) - Gold fell near...Reuters
Thu, May 1
Nigeria's Aliko Dangote 'comfortable' with impact of Trump tariffs on urea exports
LAGOS, May 1 (Reuters) - Nigerian billionaire Aliko Dangote said on Thursday he was "comfortable" with the impact President Donald Trump's tariffs would have on his urea exports to the U.S. because major competitor Algeria had been slapped with a higher levy.Trump imposed a 14% tariff on...Reuters
Thu, May 1
NYSE-parent ICE's first-quarter profit rises on robust trading volume
May 1 (Reuters) - Intercontinental Exchange ICE.N reported an increase in first-quarter profit on Thursday, as it benefited from strong trading volumes in energy and options segments. The New York Stock Exchange parent reported adjusted earnings of $995 million, or $1.72 per share, for the quarter ...Reuters
Thu, May 1