News
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Sempra's Port Arthur Phase 2 wins US approval to export LNG
WASHINGTON, May 29 (Reuters) - Sempra's SRE.N Port Arthur Phase 2 project in Texas has won U.S. approval to export liquefied natural gas to markets in Europe and Asia, the Department of Energy said on Thursday. It was the first final LNG export authorization under U.S. President Donald Trump, wh...Reuters
Thu, May 29
Meyer Burger closes US solar panel factory in Arizona
By Nichola GroomMay 29 (Reuters) - Solar panel maker Meyer Burger MBTN.S shut down a U.S. factory in Arizona due to financial troubles, cutting all 282 employees, the Swiss company said on Thursday.The closure is a setback for solar industry efforts to build a domestic supply chain and reduce its re...Reuters
Thu, May 29
Barrick asks World Bank court to intervene in Mali proceedings
Barrick seeks World Bank court intervention to prevent Mali mine takeoverMali's new mining code challenges foreign companiesBarrick claims Mali moved goal posts on investment termsBy Divya RajagopalTORONTO, May 29 (Reuters) - Barrick Mining ABX.TO has asked the arbitration tribunal of the World ...Reuters
Thu, May 29
Wells Fargo signs deal to sell $4.4 billion rail assets portfolio
May 29 (Reuters) - Wells Fargo WFC.N said on Thursday it has signed a deal to sell its rail equipment leasing business to a newly formed joint venture between railcar lessor GATX Corporation GATX.N and Brookfield Infrastructure BIP.N.The deal, which the U.S. banking giant said will not have a materi...Reuters
Thu, May 29
Enterprise Products says its China exports could fall due to license requirement
HOUSTON, May 29 (Reuters) - Enterprise Products Partners EPD.N on Thursday said its ethane and butane exports could be hurt by a U.S. Department of Commerce requirement that it apply for a license to export to China. The United States has ordered a broad swathe of companies to stop shipping go...Reuters
Thu, May 29
North Dakota regulator extends how long oil producers can leave wells uncompleted after drilling
HOUSTON, May 29 (Reuters) - North Dakota has extended its policy on how long producers can leave wells uncompleted after drilling, a move that is expected to help drillers cope with weak oil prices, the state's Department of Mineral Resources said on Thursday.Oil producers around the country hav...Reuters
Thu, May 29
US Cash Crude-Crude grades largely strengthen as WTI/Brent spread widens
May 29 (Reuters) - U.S. cash crude grades largely strengthened on Thursday, dealers said, as U.S. crude's discount to the international benchmark Brent widened. A wider spread encourages foreign buying of U.S. crude. U.S. crude futures' discount to Brent WTCLc1-LCOc1 widened to as much as mi...Reuters
Thu, May 29
CIF/FOB Gulf Grain-Corn barge bids flat to weaker, US export demand slows
CHICAGO, May 29 (Reuters) - Basis bids for corn delivered by barge to U.S. Gulf Coast terminals were mostly flat to down on Thursday as South American suppliers offered cheaper grain on the global market, traders said.Brazil is offering corn at values 10 cents below the U.S. Gulf from July through D...Reuters
Thu, May 29
EXCLUSIVE-White House considers plan to clear record backlog of small refinery biofuel waivers
Backlog of exemption requests built up during President Biden's administration Trump administration looking to unwind the backlog without disrupting marketPlan under consideration would rule on 2024 requests, delay othersBy Jarrett Renshaw and Stephanie KellyWASHINGTON, May 29 (Reuters) - The Wh...Reuters
Thu, May 29
GRAINS-CBOT corn prices slip as weather aids US crops
U.S. weather aids corn, soybeans, wheatA falling dollar supports wheatSouth American harvest pressures cornBy Renee Hickman CHICAGO, May 29 (Reuters) - Chicago corn futures fell on Thursday as beneficial weather patterns moved through growing areas, analysts said.Cheap South American crops also w...Reuters
Thu, May 29
Meyer Burger shuts down US solar panel factory in Arizona
May 29 (Reuters) - Switzerland's Meyer Burger MBTN.S shut down a U.S. solar panel factory in Arizona, cutting all 282 employees, the company said on Thursday.The company said it was in talks with a group of bondholders about restructuring, but that the future of the Goodyear, Arizona site was un...Reuters
Thu, May 29
Sempra's Port Arthur Phase 2 wins US approval to export LNG
WASHINGTON, May 29 (Reuters) - Sempra's SRE.N Port Arthur Phase 2 project in Texas has won U.S. approval to export liquefied natural gas to markets in Europe and Asia, the Department of Energy said on Thursday. It was the first final LNG export approval under President Donald Trump who reversed ...Reuters
Thu, May 29
Chobani beats class action over 'zero sugar' label
By Diana Novak JonesMay 29 (Reuters) - Chobani escaped a proposed class action over claims its “Chobani Zero Sugar” yogurt actually contains sugar, after an Illinois federal judge on Thursday said the labeling met U.S. Food and Drug Administration requirements.The lawsuit accused Chobani of misleadi...Reuters
Thu, May 29
CBOT wheat futures rise as dollar weakens
CHICAGO, May 29 (Reuters) - Chicago Board of Trade wheat futures rose on Thursday as the U.S. dollar fell, but beneficial weather aided crop growth in the central United States. CBOT July soft red winter wheat WN25 settled up 3-3/4 cents at $5.34 a bushel.K.C. July hard red winter wheat KWN25 ended ...Reuters
Thu, May 29
CBOT corn falls on good weather in central US, cheap South American supplies
CHICAGO, May 29 (Reuters) - Chicago Board of Trade corn futures dipped down on Thursday as benign weather was forecast in the central U.S. and cheap South American crops undercut U.S. exports, according to analysts. CBOT July corn CN25 settled down 4 cents at $4.47 a bushel. A Reuters poll of analys...Reuters
Thu, May 29
EXCLUSIVE-White House considers plan to clear record backlog of small refinery biofuel waivers
Backlog of exemption requests built up during President Biden's administration Trump administration looking to unwind the backlog without disrupting marketPlan under consideration would rule on 2024 requests, delay othersBy Jarrett Renshaw and Stephanie KellyWASHINGTON, May 29 (Reuters) - The Wh...Reuters
Thu, May 29
US natgas prices ease on forecasts for less demand this week
US LNG export feedgas is down in May after hitting a record in AprilUS gas output is down in May after hitting a record in AprilUS gas storage is about 4% over the five-year normalBy Scott DiSavino May 29 (Reuters) - U.S. natural gas futures eased about 1% on Thursday as forecasts for less demand...Reuters
Thu, May 29
ICE canola futures firm on weak day for vegoils
WINNIPEG, Manitoba, May 29 (Reuters) - ICE canola futures firmed on Thursday despite downward pressure in the vegoils market.• July canola RSN5 settled up $3.90 at $715.90 per metric ton. November RSX5 settled up $5.50 at $691.80. • A trader said the market believes it needs to bid-up canola prices ...Reuters
Thu, May 29
CBOT soybeans tick up as Trump tariffs in court battle
CHICAGO, May 29 (Reuters) - Chicago Board of Trade soybean futures firmed on Thursday as the U.S. dollar fell with investors anticipating a court fight over Trump's trade wars, but beneficial weather in the central United States kept a ceiling on prices. CBOT July soybeans SN25 settled up 3-1/...Reuters
Thu, May 29
Tight US fuel inventories add supply risks to above-average hurricane season
Low inventories heighten supply risks amid hurricane seasonGulf Coast disruptions could spike Eastern product pricesFuel demand drop during storms may limit price volatilityBy Nicole Jao and Shariq Khan NEW YORK, May 29 (Reuters) - Low levels of fuel inventories in the United States have stoked s...Reuters
Thu, May 29
