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Officials say that six people were killed in Dnipropetrovsk after the ceasefire expired.
Officials in the region said that Russian forces attacked Ukraine's Dnipropetrovsk Region on Tuesday. At least six people were killed, they added, after a ceasefire brokered by the United States. Ukrainian officials confirmed that Russia had launched over 200 drones in the night, ending hopes of a possible extension of the three-day truce that ended on Monday. Volodymyr Zelenskiy, the Ukrainian president, announced that his forces had attacked gas facilities in central Orenburg, Russia, which is more than 1,500 kilometers (900 miles), from Ukraine's borders. Oleksandr Hazha, regional governor, and Oleksandr Vikul, head of military administration, both confirmed on Telegram that a drone attack was carried out?on a building in Zelenskiy’s hometown of Kryvyi Rih located in central Ukraine. The attack killed two people and injured four others, including?a nine month-old child whose leg had been severed. Hanzha reported that a bombing raid northeast of Kryvyi Rih resulted in the deaths of four people and three injuries. Ukraine and Russia agreed to a ceasefire tied?to an anniversary of the Soviet victory against Nazi Germany in World War Two. This was part of the 'U.S. led push for peace, under President Donald Trump, after more than four year of war. Trump said that he was hopeful the truce will be extended on Friday. Both sides claimed that fighting on the front lines continued, despite the fact that neither reported any large-scale airstrikes. They both accused each other of artillery and drone attacks. In his video nightly address, Zelenskiy said that Kyiv worked with its European allies to develop technologies that would defend against ballistic missiles. He added that representatives from 13 countries, including NATO, had taken part in Tuesday's talks. Andrii Sybiha, Ukrainian Foreign Minister, said that Kyiv proposed to extend the truce. However, Moscow escalated instead by targeting civilian infrastructure using more than 200 drones. Overnight Attacks Zelenskiy stated that 'drones have been intercepted?over a number of regions, but they reported damage to energy installations, apartment buildings and a locomotive. Vitali Klitschko, the mayor of Kyiv said that debris from a drone crashed on to a 16-storey building in Obolon, causing a fire. Cherkasy, in central Ukraine, was the scene of two injuries. Damage was also reported in Zhytomyr to the west and in Chernihiv on the Russian border. Two people were hurt in the strikes on the cities of Dnipro, located in the south-east of Ukraine, and Kherson, which is located to the south. Vitaliy KIM, the regional governor, said that Russian drones hit energy infrastructure in Mykolaiv, causing blackouts. (Reporting and editing by Anna Pruchnicka, Mark Potter; Ron Popeski, Cynthia Osterman, and Cynthia Flynn)
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Gold prices fall as oil gains increase rate uncertainty
Gold prices were under pressure Tuesday, as the oil price rose due to falling hopes of an Iran peace agreement. This added to concerns about inflation and the prospect of higher interest rates globally. By 1757 GMT, spot gold had fallen 1.2% to $4678.49 an ounce. U.S. Gold Futures closed 0.9% lower, at $4686.70. "Higher oil costs raise the risk that U.S. central banks and others may have to increase interest rate to combat what would certainly emerge as stagflation. Gold is reacting to that," Bart Melek said, global head for commodity strategy at TD Securities. As?hopes of a peace agreement with Iran faded, U.S. president Donald Trump said that a ceasefire is "on life support", as Tehran rejected an U.S. proposal for ending the conflict. The data showed that U.S. Consumer Prices rose for the second consecutive month in April, resulting in a largest annual inflation increase in nearly three-years and further boosting expectations the Federal Reserve would keep interest rates the same for some time. Gold is often considered to be a hedge against rising inflation rates, but higher rates can put pressure on this non-yielding investment. Joni Teves is a precious metals analyst at UBS Investment Bank. She said that the outlook for gold remains bullish as long as its underlying drivers are intact. She added, "We think that prices will continue to rise this year and recover from their current levels." The Producer Price Index, which is scheduled to be released on Wednesday, and a scheduled meeting between Trump and Chinese president?Xi Jinping scheduled for Thursday and Friday in Beijing are also of interest. Spot silver dropped 1.1% to $85.12 after reaching a two-month high. Analysts at SP Angel said in a report that silver prices rose on the expectation of a growing deficit due to a rise in demand for physical metal. The analysts added that the higher oil prices were driving an increase in?EV sales. This, in turn, is likely to boost silver demand in solar and renewable energy technologies. Sources say that Indian banks have resumed imports of gold and silver after a pause that lasted more than a month. They did this by paying a customs tax of 3%, which had previously prompted them to stop shipments. Palladium fell 2% to $1,479.27, while platinum dropped 1.5% to $ 2,099.05 (Reporting and editing by Keith Weir, Alison Williams, and Ashitha Shivaprasad from Bengaluru)
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Sources say that CSN Brazil has received offers to buy its cement unit
Two 'people who are familiar with the matter' said this week that Brazilian steelmaker CSN had received non-binding offers for its cement division by Friday. The deadline was set to pursue divestment. CSN appointed Morgan Stanley to be its financial advisor for the sale. The?divestment' is part of a larger strategy to reduce debt. In April, it was reported that the cement unit could be worth more than 10 billion reais (2 billion dollars). The identity of the bidders was not known. The article in April found that both local and foreign players were interested, including Brazil's Votorantim?and J&F which controls JBS. The article also reported that Chinese groups Anhui Conch Cement and Sinoma, as well as Huaxin Cement, were interested. CSN, Votorantim J&F, Morgan Stanley and Morgan have declined to comment. Conch, Huaxin and?Sinoma did not respond to comments immediately. Votorantim, Conch and other bidders were expected to make a bid on Friday, but the source and the person who was familiar with the situation could not confirm this. Huaxin is still active, according to a fourth person. Huaxin acquired a Brazilian firm of building materials in 2024. Five sources said that J&F?did not plan to?submit an offer on Friday. One source familiar with the bids submitted said that the group's interest had waned since CSN rejected an early offer by J&F. Marco Rabello, CSN's Chief Financial Officer, said last month that the 'binding phase' would begin shortly after receiving the?nonbinding offers? and selecting the groups to move on to the next stage. (Reporting and editing by Cynthia Osterman; Additional reporting in Hong Kong by Kane Wu; Reporting by Luciana Magnhaes)
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EIA: US power consumption will surpass previous records in 2026 and '27, as AI usage surges.
The Energy Information Administration's Short-Term Energy Outlook released on Tuesday predicted that U.S. electricity consumption would continue to rise in 2026 & 2027. The EIA projects that the power demand in 2027 will increase from 4,195 billion Kilowatt-hours in 2025, to 4,248 in 2026, and 4,379 in 2027. The demand for electricity is increasing as more homes and businesses are using less fossil fuels to heat and transport their vehicles and use more electricity. The agency stated that the increase in electricity demand is being led by the commercial sector. This is expected to surpass residential demand for the first time in history in 2027. According to the EIA, power sales for residential customers will reach 1,524 billion kWh in 2026. Commercial customers will see 1,527 billion for commercial customers. Industrial customers are expected to get 1,053 billion for industrial consumers. These forecasts are compared to all-time records of 1,515 billion kWh in 2025 for residential customers, 1,493 billion for commercial customers and 1,000 billion for industrial customers. EIA estimates that residential electricity prices will increase by 5% between 2026 and 2027. However, the rate of growth in 2027 is expected to be slower. The price of electricity is rising in all parts of the United States, but it will be most noticeable along the East Coast. The EIA stated that as renewable output increases, coal's share in power generation will decline from 17% in 2020 to 16% by 2026. The share of natural gas in power generation would fall from 40% to 39% by 2026, before returning to?40% by 2027. According to the outlook, renewable energy's share will increase from 24% to 25% by 2026 and to 27% by 2027. Nuclear power's portion?will remain at 18% through 2025, 2026 and 2027. The 'EIA' projected that gas sales for residential customers would fall to 12.4 billion cubic feet per a day (bcfd), and commercial customers to 9.4 bcfd, but industrial customers to 23.9 bcfd and power generation to 36.0 bcfd. These figures are compared to all-time records of 14,3 bcfd for residential customers in 1996, 9.9 bcfd for commercial customers in 2025, 23.8bcfd for industrial customers in 1973, and 36,8bcfd for power generation in 2024. Reporting by Scott DiSavino, Editing by Alistair Bell
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As the E15 ethanol legislation nears US voting, lobbying intensifies
The refining industry is trying to sabotage the biofuels initiative. The industry is now closer to reaching a goal that they've been pursuing for years. However, they are still facing opposition from legislators in the refining states as well as uncertainty within a deeply divided Senate. In 2024, a similar provision was removed after Elon Musk and conservative lawmakers opposed it. Musk was the Trump administration's efficiency head at the time. In January 2026, a renewed effort failed as well. Instead, lawmakers formed a taskforce to study the possibility of allowing E15 to be sold year-round. Elon Musk's representatives did not respond immediately to a comment request. Representatives from both sides lobby Congress. On Monday and Tuesday, representatives of the American Petroleum Institute and Small Refineries of America met with lawmakers at Capitol Hill. The H.R. The H.R. This blend is usually prohibited during summer due to concerns about smog. However, the Trump administration has temporarily lifted this restriction from May 1 for 20 days to help reduce gasoline prices which have risen since the Iran War. Trump, who visited Iowa in the spring and said he would approve any E15 bills sent to him, has shown his support for biofuels. The White House, however, has not applied any political pressure since then to encourage lawmakers to act on the bill. This highlights the complicated and divisive nature ethanol politics in Washington. The bill's opponents say it will increase fuel prices for consumers, at a time where gasoline and diesel are already reaching record levels. Green Scissors, an environmental group, is also against the bill. They sent a letter to Congress Monday stating that E15 could worsen air quality, soil and water, and cost taxpayers'single-digit millions. Brecheen, a commentator on X, said that if exemptions were tightened, it would result in refineries being closed - including those located in Oklahoma, a state with a large refining industry. Small Refineries of America (which represents 12 refineries) said that stricter rules regarding exemptions would also remove important relief included by Congress in the program for small refineries to deal with compliance costs of blending Biofuels into the Nation's Fuel Supply. If this bill passes, you will likely see a substantial impact. This could include closures or layoffs. "For some of these refiners, the exemptions are absolutely crucial," said Peter Whitfield. A lawyer from Sidley Austin LLP, which represents the group. He added that fewer refineries will reduce fuel availability and increase costs for consumers. Renewable Fuels Association, which represents biofuel producers and sells E15, says it can lower costs at the pump. It notes that E15 typically sells 15-40 cents less per gallon than standard E10 gasoline (also known as regular unleaded) and is $1 or more cheaper than ethanol-free gas. Geoff Cooper, RFA's Chief executive officer, wrote a blog on Wednesday last week saying that you should "believe your eyes" when it comes to E15. Reporting by Siddharth Cavale in New York, and Jarrett Renshaw from Washington. Editing by Chizu Nomiyama.
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EIA: US natgas production to reach record highs in 2026 while demand declines
The U.S. Energy Information Administration?said Tuesday that U.S. Natural Gas?output would reach a record-high?in 2026 while demand would decline. EIA predicted dry gas production would rise from a 107.7 billion-cubic-foot record in 2025, to 110.6 bcfd by 2026, and 115.0 bcfd by 2027. The agency also projected that domestic gas consumption would fall from an all-time high of?91.9 billion cubic feet per day (bcfd) in 2025, to 91.2 in 2026 and then to?94.4 in 2027. May's projections were higher than EIA forecasts in April, which predicted 109.6 billion cubic feet per day for production and 90.6 for demand. The agency forecast that the average U.S. exports of liquefied gas would increase from 15.1 billion cubic feet per day (bcfd) in 2025, to 17.0 in 2026, and 18.2 in 2027. The EIA predicted that the U.S. coal output would fall from its two-year peak of?528.4?million short tons in?2025 to?518.6?million?tons in 2026, and to 487.1?million tons in 2027, which is the lowest level since 1963. EIA predicted that carbon dioxide emissions from fossil fuels will decline from a three-year peak of 4.905 billion tons in 2020 to 4.797 billion tons in 2030 as oil, coal, and gas utilisation decreases, before increasing to 4.820 metric tonnes in 2027 due to increased gas usage. (Reporting and editing by Daniel Wallis; Scott DiSavino)
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NEI: US considers financing billions in parts for nuclear reactors with long lead times
The U.S. Department of Energy has been considering a plan to finance billions of dollars for components of large reactors, which can take years to secure. This was revealed by the director of industry group Nuclear Energy Institute on Tuesday. The U.S. Department of Energy is considering a plan to 'finance billions of dollars?for components that can take a long time to secure. The DOE did not respond immediately to a comment request. It's going help several?U.S. "It's going to help several?U.S. utility companies who are interested in AP1000?" deployment, Maria Korsnick said at NEI's Washington conference about the financing plan. Donald Trump has set the goal to quadruple the U.S. nuclear capacity by 2050. This is a bold target, considering that the last reactors in the U.S. took seven years longer than expected and cost billions more. U.S. Energy Sec. Chris Wright said that nuclear power plants will be the biggest use of his Office of Energy Dominance Financing. The office has hundreds of billions in financing aid including loan guarantees to help projects that have difficulty getting bank loans. During Trump's first tenure, he only used the division, then known as the Loan Programs Office to finance reactors at Georgia's Vogtle Nuclear Power Plant.
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Ukraine's grain production is expected to reach 60.4 million tons in 2026
The deputy economy minister stated on Tuesday that Ukraine's grain production forecast for this year is 60.4 million tonnes, which is a similar level to the previous year despite the wartime challenges and a wet, cold spring. He added that farmers are expected to harvest 22.4 million tonnes of wheat. This will be enough to meet Ukraine’s domestic demand and preserve export possibilities. The cold and wet soils that delayed sowing some crops made this year's spring sowing campaign more difficult. In a recent statement, Taras Vysotskiy said that the weather risks are mainly affecting?corn. This crop is dependent on sowing dates, temperature conditions, and moisture levels during the growing seasons. The forecast for barley and wheat is also realistic and reliable in order to guarantee food security. "The agricultural sector shows its ability to adapt, even in difficult circumstances." The ministry stated that it expects the corn harvest this year to be around 31.6 million tons, while barley will be around 4.7 millions tons in 2026. The ministry did not provide any comparative figures for the previous harvest. Ukraine is one of the world's largest food producers and exporters. Its agricultural sector has proven resilient, despite extensive damage caused by more than four years war with Russia.
Glencore-backed group nears deal for Shell's Singapore properties, Bloomberg reports
A consortium that consists of Swiss miner and products trader Glencore and Indonesia's PT Chandra Asri Pacific remains in sophisticated speak to buy Shell's. oil refinery and petrochemical systems in Singapore, in a. offer that could be worth about $1 billion, Bloomberg News. reported on Friday.
The parties are working on the details of a deal that. could be announced as soon as the coming weeks, Bloomberg. reported, mentioning individuals with understanding of the matter.
The possessions consist of a refinery capable of processing 237,000. barrels daily (bpd) of oil and a 1-million-metric-ton-per-year. ethylene plant situated on Bukom island, just south of Singapore,. along with a plant that produces mono-ethylene glycol on Jurong. island in the Southeast Asian city-state's west.
Under the terms of the prospective deal, PT Chanda Asri would. end up being the operator and bulk owner of the properties, while. Glencore would hold a non-operating minority stake, the report. said.
Shell, Glencore and PT Chanda Asri did not right away. react to ask for comment.
Shell announced a strategic review of the assets last June.
reported previously this year that Glencore was working. jointly with PT Chandra Asri Petrochemical to evaluate the. assets.
(source: Reuters)