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BREAKINGVIEWS-Trump pours costly gasoline on US fiscal fire
By Gabriel RubinWASHINGTON, May 13 (Reuters Breakingviews) - National debt reached 100% of GDP for the first time in 80 years, as supply shocks ripple out of Iran. The White House also wants to boost military spending to $1.5 trln and grow the immigration policing budget. It only gets harder now to ...Reuters
8 minutes ago
Oil little changed as Trump heads to China
Oil prices remain above $100 per barrelInvestors await Trump-Xi meeting in BeijingUS inflation posts largest gain in three yearsBy Stephanie Kelly LONDON, May 13 (Reuters) - Oil prices were little changed on Wednesday as investors monitored a fragile Middle East ceasefire and awaited a high-stake...Reuters
20 minutes ago
Putin says Russia will continue to modernise nuclear forces, state news agencies report
MOSCOW, May 13 (Reuters) - Russian President Vladimir Putin said on Wednesday that Moscow would continue to modernise its strategic nuclear forces and develop missile systems he said would be capable of overcoming all current and future defence systems, state news agencies reported.Putin announced ...Reuters
22 minutes ago
US natural gas futures hit six-week high as output declines
US natgas futures rise on higher demand forecasts and declining outputPermian Waha Hub prices remain negative due to pipeline constraintsAnalysts expect output cuts and near-normal weather to reduce storage surplusBy Scott DiSavino NEW YORK, May 13 (Reuters) - U.S. natural gas futures climbed abo...Reuters
30 minutes ago
BofA Revises Down 2026 European Natural Gas Forecasts to 55 euros/MWh
May 13 (Reuters) - BANK OF AMERICA CORP BAC.N:SAYS WITH EUROPEAN NATURAL GAS STOCKS AT VERY LOW LEVELS BUT MORE FLEXIBLE EU GOVERNMENT FILL MANDATE, EU TTF PRICES HAVE UNDERPERFORMED OILADJUSTS EU TTF NATURAL GAS FORECASTS DOWN TO 55 EUROS PER MWH FOR 2026 AND 35 EUROS PER MWH FOR 2027SAYS REDUCED L...Reuters
30 minutes ago
CBOT Trends-Wheat mixed, corn steady-down 1, soy up 1-4
CHICAGO, May 13 (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 Wednesday: WHEAT - Down 5 to up 2 cents per bushelCBOT wheat Wv1 futures were mixed on Wednesday after a day-earlier su...Reuters
38 minutes ago
Serbia remains dissatisfied with MOL's proposals over NIS oil firm
BELGRADE, May 13 (Reuters) - Belgrade is not satisfied with a revised proposal by Hungary's MOL MOLB.BU in relation to its purchase of a majority stake in Serbia's oil company NIS NIIS.BEL, the country's energy minister said on Wednesday. The talks to establish relations with the governm...Reuters
40 minutes ago
OPEC cuts 2026 global oil demand growth forecast
OPEC cuts Q2 oil demand forecast by further 500,000 bpd amid Iran war impactOPEC+ output drops by 1.74 million bpd in April on Hormuz closureRaises 2027 demand growth prediction by 200,000 bpd to 1.54 million bpdBy Alex Lawler LONDON, May 13 (Reuters) - OPEC on Wednesday lowered its forecast for ...Reuters
52 minutes ago
Tyson Foods sees 'spotty and regional' efforts to expand US cattle herd, CFO says
CHICAGO, May 13 (Reuters) - U.S. cattle producers are making "spotty and regional" efforts to rebuild the nation's herd, Tyson Foods TSN.N CFO Curt Calaway said on Wednesday, as tight supplies push up beef prices for consumers.Cattle supplies will remain tight moving through 2026 and int...Reuters
56 minutes ago
Italy's Ludoil buys Sicilian refinery as war squeezes Europe's fuel supply
By Francesca LandiniMILAN, May 13 (Reuters) - Italian energy group Ludoil said on Wednesday it had signed a deal with Cypriot private equity fund G.O.I. Energy to buy Sicilian oil refiner ISAB, as European fuel supply remains disrupted by the conflict in the Middle East.The Iran war has laid bare Eu...Reuters
59 minutes ago
FACTBOX-Airlines tackle fuel cost surge with price hikes, outlook cuts
May 13 (Reuters) - A surge in jet fuel prices from $85-$90 to $150-$200 per barrel amid the U.S.-Israeli war against Iran has blindsided the aviation industry, where fuel accounts for up to a quarter of operating expenses, forcing airlines to raise fares and revise their financial outlooks.Below is ...Reuters
an hour ago
WRAPUP 3-Trump says no need for China's help on Iran as shippers seek passage through Hormuz
US and Iranian demands to end the war remain far apartTrump says Americans' financial pain has no bearing on war strategyIran strikes export deals with Pakistan and Iraq, sources sayGlobal oil supply will undershoot demand this year, says IEABy Nandita Bose and Jana Choukeir WASHINGTON/DUBAI,...Reuters
an hour ago
QT Imaging Q1 revenue jumps 133% on higher scanner shipments
OverviewU.S. breast imaging device maker's Q1 revenue rose 133% yr/yr on higher scanner shipmentsCompany posted Q1 net loss of $3.4 mln, or $0.25 per shareExtended senior secured term loan maturity by two years to March 2029OutlookCompany reaffirms 2026 revenue guidance of approximately $39 mlnR...Reuters
2 hours ago
Air India cuts international flights amid Middle East conflict
BENGALURU, May 13 (Reuters) - Air India will temporarily cut flights on several international routes between June and August, it said on Wednesday, citing airspace restrictions in some regions and record-high jet fuel prices.The Iran war has triggered airspace closures, forced longer reroutings and ...Reuters
2 hours ago
Everlert, Inc. Operating As American Gold & Copper Inc., Announces Closing Of Transformative Reverse Merger With South American Gold, Copper, And Silver Project
May 13 (Reuters) - American Gold & Copper Inc EVLI.PK:EVERLERT, INC. (OTC: EVLI), OPERATING AS AMERICAN GOLD & COPPER INC., ANNOUNCES CLOSING OF TRANSFORMATIVE REVERSE MERGER WITH SOUTH AMERICAN GOLD, COPPER, AND SILVER PROJECTReuters
2 hours ago
Valero Houston, Texas Refinery Reports It May Use Safety Flare System
May 13 (Reuters) - VALERO ENERGY CORP VLO.N:REPORTS IT MAY USE SAFETY FLARE SYSTEM TO SAFELY BURN OFF EXCESS MATERIAL AND MINIMIZE POTENTIAL EMISSIONS AT HOUSTON, TEXAS REFINERYSOURCE - COMMUNITY ALERTREFINERY CAPACITY: 205,000 BARRELS PER DAYReuters
2 hours ago
Gold hovers near $4,700 as higher-for-longer rate outlook limits upside
Gold (XAU/USD) consolidates minor losses on Wednesday as the US Dollar (USD) extends its recovery amid persistent uncertainty over US-Iran talks and growing expectations that the Federal Reserve (Fed) could keep interest rates higher for longer.
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2 hours ago
Chinese oil tanker exits Strait of Hormuz, stops at Gulf of Oman, data shows
By Siyi Liu and Florence Tan SINGAPORE, May 13 (Reuters) - A Chinese supertanker carrying two million barrels of Iraqi crude sailed through the Strait of Hormuz on Wednesday after being stranded in the Gulf for more than two months due to the U.S.-Iran war, LSEG and Kpler ship-tracking data showe...Reuters
2 hours ago
Trump, Xi to weigh tariff cuts on $30 billion of imports in managed trade push
US, China consider tariff cuts on non-sensitive goodsPlan avoids pushing China to change economic model, aims for numerical trade targetsTalks may expand to investment, but US lawmakers warn against opening vehicle sectorBy David Lawder WASHINGTON, May 13 (Reuters) - The U.S. and China are expect...Reuters
2 hours ago
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