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House budget bill effectively halts US clean energy boom
House budget bill speeds up expiry of clean energy tax credits, makes them harder to useBudget bill preserves tax credits for nuclear energyAttention turns to Senate to save key IRA tax credit measuresBill's passage sends clean energy stocks plummetingBy Valerie Volcovici and Nichola Groom WA...Reuters
Thu, May 22
US natgas prices fall 3% on big storage build, lower flows to LNG export plants
US LNG export feedgas hit record high in AprilUS gas output hit record high in AprilUS gas storage about 3% over five-year normalBy Scott DiSavino May 22 (Reuters) - U.S. natural gas futures fell about 3% on Thursday on a bigger-than-expected storage build, a smaller-than-expected decline in outp...Reuters
Thu, May 22
US Plains HRW Wheat-Basis bids mostly steady as futures hold near 3-1/2 week high
CHICAGO, May 22 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were mostly unchanged at elevators and mills around the southern U.S. Plains on Thursday as futures prices leveled after early-week gains and farmers' sales remained slow, merchants said.Rising futures prices have sparke...Reuters
Thu, May 22
CBOT soybeans firm on technical trading ahead of holiday weekend
CHICAGO, May 22 (Reuters) - Chicago Board of Trade soybean futures ended higher Thursday on technical trading, as market participants began to adjust their positions ahead of the Memorial Day holiday weekend, analysts said.CBOT July soybeans SN25 settled up 4-3/4 cents at $10.67-1/2 a bushel.CBOT Ju...Reuters
Thu, May 22
CBOT nearby corn contract ends higher on technical trading
CHICAGO, May 22 (Reuters) - Chicago Board of Trade's most-active July corn futures contract ended higher on Thursday on technical trading, while deferred contract months turned lower on a steadier U.S. dollar, weaker crude oil and generally favorable crop conditions, market analysts said.A stron...Reuters
Thu, May 22
US Steelworkers union urges Trump to block Nippon Steel's bid for U.S. Steel
WASHINGTON, May 22 (Reuters) - The United Steelworkers union urged U.S. President Donald Trump on Thursday to block Nippon Steel's 5401.T bid for U.S. Steel X.N despite a pledge by the Japanese steel giant to invest $14 billion in the iconic American company, as first reported by Reuters. In a s...Reuters
Thu, May 22
US 'not convinced' about lower G7 price cap on Russian oil, European official says
By Julia Payne BANFF, Alberta, May 22 (Reuters) - A European official said on Thursday that the United States is "not convinced" about lowering the Group of Seven nations (G7) price cap on Russian crude oil. The European Union has proposed revising the cap down to an indicative level of $...Reuters
Thu, May 22
GRAINS-Chicago wheat futures dip as short-covering rally fades
Corn futures mixed amid steadier U.S. dollar and favorable crop conditionsSoybeans rise on technical trading despite negative biodiesel tax credit amendmentU.S. wheat total exports hit highest weekly total since December 2023By P.J. Huffstutter CHICAGO, May 22 (Reuters) - Chicago wheat futures fe...Reuters
Thu, May 22
US 'not convinced' about lowering G7 oil price cap, European official says
BANFF, Alberta, May 22 (Reuters) - A European official said the United States was "not convinced" about lowering the Group of Seven nations (G7) price cap on Russian crude oil. The EU proposed revising the cap down to an indicative level of $50 a barrel from the current $60 a barrel. During ...Reuters
Thu, May 22
PRECIOUS-Gold falls on dollar uptick, profit taking
US House narrowly passes Trump's sweeping tax-cut billUS dollar up 0.3%US business activity improves in MayBy Sarah Qureshi May 22 (Reuters) - Gold swung to losses on Thursday as the U.S. dollar strengthened and investors booked profits after prices touched a two-week high earlier in the sess...Reuters
Thu, May 22
Mali hearing on Barrick's Loulo-Gounkoto mines postponed to June 2
BAMAKO, May 22 (Reuters) - A Malian court has postponed for the second time a hearing on whether to place Barrick Mining's ABX.TO Loulo-Gounkoto gold mine under provisional administration to restart operations, the presiding judge said on Thursday.The state had requested the adjournment until Ju...Reuters
Thu, May 22
Europe Gasoline/Naphtha-Gasoline profit margins rise on lower stocks
LONDON, May 22 (Reuters) - Northwest European gasoline profit margins jumped by nearly $1 to $15.84 a barrel on Thursday as regional inventories fell to a near-seven month low.A total of 17,400 metric tons of Eurobob E5 barges traded in the Argus window with ExxonMobil, Gunvor, Trafigura and Shell s...Reuters
Thu, May 22
Chevron's oil license in Venezuela to expire May 27, Rubio says
Rubio post on X contradicts special envoy's statementSpecial envoy Grenell had said license would be extendedChevron shipped some 240,000 bpd of Venezuelan oil to US through March WASHINGTON, May 22 (Reuters) - Oil producer Chevron's CVX.N U.S. license to operate in Venezuela will expire ...Reuters
Thu, May 22
EXCLUSIVE-US farm agency cancels food aid for children in poor countries
USDA cancels 17 foreign aid projects serving school mealsCuts align with Trump's foreign aid objectives, USDA spokesperson saysCatholic Relief Services warns of increased hunger and migration to the US due to aid cuts By Leah Douglas WASHINGTON, May 22 (Reuters) - The U.S. Department of Agric...Reuters
Thu, May 22
US sees promise in American firms helping oil, gas development in Iraqi Kurdistan
By Timothy Gardner WASHINGTON, May 22 (Reuters) - There is ample opportunity for U.S. cooperation on oil and gas development in Iraqi Kurdistan, U.S. Energy Secretary Chris Wright said on Thursday, despite Iraq's federal government disputing deals that U.S. companies signed with the region th...Reuters
Thu, May 22
U.S. nuclear power plant outages
May 22 (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 Total ...Reuters
Thu, May 22
G7 ministers to address imbalances, discussed $50/barrel Russian oil price cap-EU's Dombrovskis
BANFF, Alberta, May 22 (Reuters) - Group of Seven finance leaders agreed to address global economic imbalances and advanced plans for stronger Russian sanctions in support of Ukraine, including potentially lowering the G7 price cap on Russian crude oil exports to $50 a barrel, European Union Executi...Reuters
Thu, May 22
METALS-Copper touches three-week low as economic uncertainty lingers
By Ashitha Shivaprasad May 22 (Reuters) - Copper prices hit a three-week low on Thursday and other base metals also eased as uncertainty persists over economic conditions and demand growth.Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 0.4% at $9,498 a metric ton by 1600 GMT. ...Reuters
Thu, May 22
US sees promise in American firms helping oil, gas development in Iraqi Kurdistan
WASHINGTON, May 22 (Reuters) - There is ample opportunity for U.S. cooperation on oil and gas development in Iraqi Kurdistan, U.S. Energy Secretary Chris Wright said on Thursday, despite Iraq's federal government disputing deals U.S. companies signed with the region this week. "I see great o...Reuters
Thu, May 22
