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Crude oil spill at Chevron Pasadena refinery, no offsite impact
April 22 (Reuters) - A crude oil spill was reported at Chevron's 118,750 barrel-per-day Pasadena refinery in Texas, according to a community alert.The notice said the release occurred at the Red Bluff tank farm and that no community or offsite impacts had been observed. Enhanced area monitoring ...Reuters
5 minutes ago
United Airlines says fares may need to rise up to 20% to offset fuel surge
By Rajesh Kumar Singh CHICAGO, April 22 (Reuters) - United Airlines UAL.O CEO Scott Kirby said on Wednesday ticket prices may need to rise by as much as 15% to 20% to offset a surge in jet fuel costs, signaling a significant test of consumers' willingness to absorb higher fares as the industr...Reuters
6 minutes ago
EXCLUSIVE-EU-funded agency working with Metalshub on European critical minerals trading platform
Lack of benchmarks hinders investment - EIT RawMaterials CEOInitiative targets pilot launch within 12 monthsIt may expand to other Western countries eventuallyBy Eric Onstad LONDON, April 22 (Reuters) - An agency partly funded by the EU and digital platform Metalshub told Reuters they are working...Reuters
8 minutes ago
Oil prices up $3 after EIA shows drop in fuel stocks, reports container ships in Hormuz hit by gunfire
EIA reports surprise US gasoline, distillate stock draws, crude stocks rise Gunfire hits container ships in Hormuz, Iran seizes vessels for maritime violationsRussia to reroute oil supplies, EU mulls jet fuel stockpiles amid shortage concernsBy Georgina McCartney HOUSTON, April 22 (Reuters) - Oil...Reuters
14 minutes ago
Africa's TDB tightens ownership after 'baby multilateral' dispute
TDB removed non-sovereign shareholders Afrexim has never formally accepted Paris Club rulingParis Club ruling favours big Western multilaterals, smaller development banks sayBy Libby George WASHINGTON, April 22 (Reuters) - Africa's Trade and Development Bank has removed non‑sovereign sharehol...Reuters
15 minutes ago
US crude oil and products exports rose last week to record high, EIA says
NEW YORK, April 22 (Reuters) - Total U.S. crude oil and petroleum products exports rose to 12.9 million barrels per day last week, the highest on record, data from the Energy Information Administration showed on Wednesday.The closure of the Strait of Hormuz, which normally handles about 20% of globa...Reuters
22 minutes ago
Gabon expects to sign production-sharing contracts with BP and Exxon within six months, minister says
By America Hernandez PARIS, April 22 (Reuters) - Gabon expects to sign production-sharing contracts with BP BP.L and Exxon Mobil XOM.N in four to six months, the country's oil and gas minister Clotaire Kondja said on Wednesday at an African energy conference held in Paris. BP and Exxon bo...Reuters
32 minutes ago
United Airlines says fares may need to rise up to 20% to offset fuel surge
CHICAGO, April 22 (Reuters) - United Airlines UAL.O CEO Scott Kirby said on Wednesday ticket prices may need to rise by as much as 15% to 20% to offset a surge in jet fuel costs, signaling a significant test of consumers' willingness to absorb higher fares as the industry grapples with volatile ...Reuters
41 minutes ago
Gabon expects to sign production sharing contracts with BP, Exxon in four to six months
PARIS, April 22 (Reuters) - Gabon expects to sign production-sharing contracts with BP BP.L and Exxon Mobil XOM.N in four to six months, the country's oil and gas minister Clotaire Kondja said on Wednesday at a conference on African energy held in Paris.Reuters
55 minutes ago
Delta TechOps, IndiGo Sign Eight-Year Engine Maintenance Deal
April 22 (Reuters) - Delta Air Lines Inc DAL.N:DELTA AIR LINES - TECHOPS SIGNS EIGHT-YEAR ENGINE MAINTENANCE DEAL WITH INDIGODELTA AIR LINES INC: UNDER THE ARRANGEMENT, DELTA TECHOPS IS PROVIDING SUPPORT FOR 20 ENGINES POWERING INDIGO’S A320CEO FLEETReuters
an hour ago
PRECIOUS-Gold rises on drop in Treasury yields, bargain-hunting
Gold rose 1% earlier in the sessionIran seizes two vessels in Strait of HormuzTrump indefinitely extends ceasefire, says blockade of strait remains in effectBy Ishaan Arora April 22 (Reuters) - Gold rose about 1% on Wednesday after falling to more than a one-week low in the previous session, as l...Reuters
an hour ago
WRAPUP 8-Iran seizes ships in Strait of Hormuz after Trump halts attacks
Iran seizes two ships for maritime violations, escalating tensions in Strait of HormuzPakistan continues mediation efforts, sources tell ReutersIran and U.S. remain divided on ceasefire, blockade, nuclear issues and control of straitIran showcases ballistic missiles in Tehran paradeBy Steve Holland,...Reuters
an hour ago
GE Vernova lifts 2026 outlook as AI boom fuels power equipment demand
Power equipment maker's shares hit all-time highExpects tariff impact of $250 million to $350 million in 2026Forecasts total backlog to hit $200 billion by 2027By Pooja Menon April 22 (Reuters) - GE Vernova GEV.N on Wednesday raised its annual forecasts for revenue and adjusted core profit m...Reuters
an hour ago
US natgas futures at two-week high on cooler weather view, near-record LNG flows
April 22 (Reuters) - U.S. natural gas futures rose to a two-week high on Wednesday, supported by forecasts for cooler than expected weather that is anticipated to pull up heating demand, and on near-record gas flows to U.S. liquefied natural gas (LNG) export plants.Front-month gas futures for May de...Reuters
an hour ago
Canada will not let US dictate terms of USMCA review, says Carney
OTTAWA, April 22 (Reuters) - Canada will not allow the United States to simply dictate the terms for a scheduled review of the United States-Mexico-Canada trade treaty, Prime Minister Mark Carney said on Wednesday.Mexico has already held two rounds of talks with the United States about the review an...Reuters
an hour ago
EU looks to tighten grip on jet fuel as Iran war spotlights shortage risks
EU energy chief says redistribution tools possible if supply crisis worsensEU may consider requiring countries to hold jet fuel stockpilesEU monitoring refinery output, sees no current shortagesAirlines like TUI and easyJet issue profit warnings amid war-related supply concernsBy Kate Abnett and Joa...Reuters
an hour ago
Traders place $430 million bet on lower oil price before Trump ceasefire extension
LONDON, April 22 (Reuters) - Traders placed a series of bets worth $430 million on a drop in crude prices just 15 minutes before U.S. President Donald Trump said he would extend a ceasefire with Iran on Tuesday. It is the third time this month, and the fourth in total, that large, well-timed directi...Reuters
2 hours ago
Exporters sell US corn to Unknown Destinations- USDA
April 22 (Reuters) - The U.S. Department of Agriculture confirmed the following sales of grains and oilseeds for export. Date reportedValue (tonnes)CommodityDestinationYearVolume previously reported unknownApril 22130,000CornUnknown destinations2025/2026April 21195,000CornUnknown destinations2025/20...Reuters
2 hours ago
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