News
Important Only
UN shipping agency strikes deal on fuel emissions, CO2 fees
Deal will set first global CO2 price in any sectorCriticised as weak by climate-vulnerable Pacific nationsStill needs final approval at Oct IMO meetingShips will face CO2 emissions fees from 2028By Enes Tunagur, Kate Abnett and Jonathan Saul LONDON, April 11 (Reuters) - Countries at the U.N. ship...Reuters
Fri, Apr 11
US regulators deny rehearing on co-located Amazon data center energy pact
By Laila Kearney NEW YORK, April 11 (Reuters) - U.S. energy regulators this week denied a request to reconsider a decision that blocked an Amazon AMZN.O data center, connected directly to a Talen Energy TLN.O nuclear power plant in Pennsylvania, from ramping up its power use, government filings s...Reuters
Fri, Apr 11
Price premium for gold in China jumps due to tit-for-tat tariffs
Premium on Shanghai Gold Exchange over London widensGold trading volumes on Shanghai Futures Exchange jumpChina was bidding gold every day this week, a trader saysBy Ashitha Shivaprasad and Polina Devitt April 11 (Reuters) - The price premium for gold in top consumer China above global benchmark ...Reuters
Fri, Apr 11
US Cash Grains-Corn, soy bids higher as farmers hesitate to sell
CHICAGO, April 11 (Reuters) - Spot basis bids for corn and soybeans were mostly higher in the U.S. Midwest on Friday while futures bounced and buyers attempted to entice farmer selling.* The corn basis ticked up at an Iowa processor and Iowa river terminal.* The soy basis rose at an Ohio elevator, a...Reuters
Fri, Apr 11
EU wheat steadies after slide on euro's strength
PARIS, April 11 (Reuters) - Euronext wheat edged higher on Friday as chart support and a rebound in Chicago helped stem losses fuelled by a surge in the euro.May wheat BL2K5 on Euronext was up 0.6% at 217.75 euros ($246.65) a metric ton by 1522 GMT. The contract earlier fell to 215.00 euros, matchi...Reuters
Fri, Apr 11
Indian gas firm GAIL seeks 26% stake in US LNG
US is already India's second-biggest LNG supplierGAIL stalled similar tender process under President Joe BidenIndia is also considering scrapping import tax on US LNG importsBy Nidhi Verma NEW DELHI, April 11 (Reuters) - GAIL India Ltd GAIL.NS issued a tender on Friday to buy an up to 26% sta...Reuters
Fri, Apr 11
Abu Dhabi's ADNOC mulls bid for Aethon's US natgas assets, Bloomberg News reports
April 11 (Reuters) - Abu Dhabi state oil company ADNOC is considering a bid for natural gas assets of investment firm Aethon Energy Management that could potentially be worth about $9 billion, Bloomberg News reported on Friday, citing people familiar with the matter.ADNOC has done a string of acquis...Reuters
Fri, Apr 11
Chevron's Venezuelan oil cargoes stalled at sea after export cancellations
HOUSTON, April 11 (Reuters) - At least two vessels carrying Venezuelan crude chartered by Chevron CVX.N are now stalled in Venezuelan waters due to state oil company PDVSA canceling their export authorizations after the U.S. imposed secondary tariffs on the OPEC member's buyers, two sources with...Reuters
Fri, Apr 11
Gallagher Re: Insured losses from severe weather in Central, Southern US could reach $3 billion
By Mia MacGregorApril 11 - (The Insurer) - A severe weather outbreak across the Central and Southern U.S. earlier this month is expected to result in combined insured losses between $1 billion and $3 billion, according to preliminary estimates from Gallagher Re.The event caused extensive damage to h...Reuters
Fri, Apr 11
U.S. PHMSA Says Investigation of Keystone Pipeline Rupture Underway
April 11 (Reuters) - U.S. DEPARTMENT OF TRANSPORTATION’S PIPELINE AND HAZARDOUS MATERIALS SAFETY ADMINISTRATION (PHMSA):REPORTS THAT IT HAS DISPATCHED EIGHT INSPECTORS TO INVESTIGATE THE CAUSE OF SOUTHBOW OPERATED KEYSTONE PIPELINE RUPTUREREPORTS THAT SIX INSPECTORS ARE ON SITE IN NORTH DAKOTA, AND ...Reuters
Fri, Apr 11
US energy secretary says we can stop Iran's oil exports
US aims to halt Iran's oil exports amid nuclear tensionsIranian oil exports remain stable despite US pressureWright predicts oil supply, demand growth under Trump's policiesBy Yousef Saba ABU DHABI, April 11 (Reuters) - U.S. Energy Secretary Chris Wright said on Friday that the United Sta...Reuters
Fri, Apr 11
China's rare earth exports grind to a halt as trade war controls bite
By Lewis Jackson BEIJING, April 11 (Reuters) - Shipments of seven rare earths placed on an export control list last week by Beijing have ground to halt, three sources said, raising the risk of shortages overseas as Chinese exporters begin the long, uncertain wait for government licenses.Shipments...Reuters
Fri, Apr 11
Spanish olive oil makers mull US investment, rush exports to avoid tariffs
ANTEQUERA, Spain, April 11 (Reuters) - One of Spain's leading olive oil producers is pondering an expansion into the U.S. in response to the tariff war unleashed by Washington, just as its peers are rushing out exports while the bulk of new tariffs are still on hold.Spain produces about 40% of t...Reuters
Fri, Apr 11
US natural gas prices slide 3% to 2-month low on small daily output rise
US LNG export feedgas on track to hit record high in AprilUS gas output on track to slide in April from March recordUS gas storage about 4% below five-year averageBy Scott DiSavino April 11 (Reuters) - U.S. natural gas futures slid about 3% to a two-month low on Friday on a small increase in dail...Reuters
Fri, Apr 11
SOFTS-Cocoa, coffee, sugar recover but head for sharp weekly falls amid demand woes
LONDON, April 11 (Reuters) - World cocoa, coffee and sugar prices recovered on Friday but were headed for sharp weekly falls as investors continue to fear a global recession sparked by U.S. President Donald Trump's sweeping trade tariffs.Trump said on Wednesday he would pause his planned tariffs...Reuters
Fri, Apr 11
CBOT Trends-Wheat up 10-12 cents, corn up 2-3, soy up 2-4
CHICAGO, April 11 (Reuters) - 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 Friday.WHEAT - Up 10 to 12 cents per bushel* CBOT wheat futures rebounded from a day-earlier fall, with the falling dollar en...Reuters
Fri, Apr 11
US energy secretary says we can stop Iran's oil exports
By Yousef Saba ABU DHABI, April 11 (Reuters) - U.S. Energy Secretary Chris Wright said on Friday that the United States could step up pressure on Iran and stop its oil exports as part of President Donald Trump's plan to pressure Tehran over its nuclear programme.The January return to the Whit...Reuters
Fri, Apr 11
Estonian navy detains Russia-bound oil tanker in Baltic Sea
Estonia seized and boarded tanker for inspectionPrime minister says tanker had no valid flag stateShip is on EU sanctions listBy Andrius Sytas VILNIUS, April 11 (Reuters) - The Estonian navy detained and boarded a Russia-bound oil tanker on an EU sanctions list on Friday, accusing it of sailing i...Reuters
Fri, Apr 11
Motor racing-Drivers say F1 cockpit cooling system needs more work
By Alan BaldwinSAKHIR, Bahrain, April 11 (Reuters) - Formula One's new cockpit cooling system still needs work, drivers said ahead of two of the hottest races of the year in the Middle East.Sunday's Bahrain Grand Prix and Saudi Arabia's race in Jeddah the following weekend are both in th...Reuters
Fri, Apr 11
U.S. nuclear power plant outages
April 11 (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 Tota...Reuters
Fri, Apr 11
Mandalay Resources Sees FY Production Of 85,000 To 95,000 Gold Equivalent Ounces
April 11 (Reuters) - Mandalay Resources Corp MND.TO:EXPECTS TO MEET ANNUAL PRODUCTION GUIDANCE OF 85,000-95,000 GOLD EQUIVALENT OUNCESREPORTS Q1 2025 GOLD AND ANTIMONY PRODUCTION IN-LINE WITH 2025 GUIDANCEQ1 CONSOLIDATED GOLD EQUIVALENT PRODUCTION OF 22,342 OUNCESQ1 CONSOLIDATED GOLD EQUIVALENT SOLD...Reuters
Fri, Apr 11
Upstream energy softening exceeds expectations, follow competition intensifies: WTW
By Rebecca DelaneyApril 11 - (The Insurer) - Upstream energy clients are increasingly favouring automatic capacity over traditional follow-only markets because of its lack of differentiation between poor-performing construction classes, according to WTW’s George Richardson. Speaking at the laun...Reuters
Fri, Apr 11
Miller places $2.3 billion BESS insurance policy in the Philippines
By Rebecca DelaneyApril 11 - (The Insurer) - Miller disclosed on Thursday that it has placed a $2.3 billion insurance policy for what it described as "the world's largest BESS project".The broker hailed the placement as evidence of the evolving maturity of co-located solar and battery en...Reuters
Fri, Apr 11
Thailand will cut tariffs on US corn, minister says
BANGKOK, April 11 (Reuters) - Thailand will cut tariffs on imports of corn from the United States, the finance minister said on Friday."The cost of American corn is cheap, making the cost of our animal feed lower," Pichai Chunhavajira said.Thailand is among the countries in Southeast Asian h...Reuters
Fri, Apr 11