News
Important Only
US natgas prices ease to 9-month low on near-record output ahead of storage report
Near-record output and ample supplies keep prices lowTropical Storm Erin may reduce demand, affecting pricesGas stockpiles seen at 7% above normal levelsBy Scott DiSavino Aug 14 (Reuters) - U.S. natural gas futures eased about 1% to a nine-month low on Wednesday on forecasts for near-record outp...Reuters
Thu, Aug 14
US oil group challenges Trump plan to cut biofuel import credits
EPA proposal reduces tradable credits for imported biofuelsOil industry warns of higher fuel costs, questions proposal's legalityProposal impacts bio-based diesel reliant on importsBy Stephanie Kelly and Jarrett RenshawNEW YORK, Aug 14 (Reuters) - A top U.S. oil trade group on Thursday joined a ...Reuters
Thu, Aug 14
CBOT Trends-Wheat down 3-4 cents, corn down 3-5, soybeans down 5-8
CHICAGO, Aug 14 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading on Thursday: WHEAT - Down 3 to 4 cents per bushelWheat futures slipped, pressured by falling corn prices and large global supplies.The U.S. Department of Agriculture sharply raised...Reuters
Thu, Aug 14
Brief La Nina expected in fall 2025 before ENSO neutral returns, says US CPC
Aug 14 (Reuters) - A brief period of La Nina conditions is favored in the fall and early winter 2025-26 before reverting to El Nino-Southern Oscillation (ENSO) neutral, the U.S. Climate Prediction Center said on Thursday. It added that ENSO-neutral conditions are most likely in the late Northern...Reuters
Thu, Aug 14
Sanctions-hit Indian refiner Nayara in talks with govt to sustain operations
By Nidhi Verma NEW DELHI, Aug 14 (Reuters) - Russia-backed Indian refiner Nayara Energy said on Thursday it was talking to government authorities and partners to maintain operational stability of its 400,000 barrels per day refinery and fuel supplies despite EU sanctions hurting the supply chain....Reuters
Thu, Aug 14
Zambia's copper output dips in second quarter, putting 2025 target at risk
By Chris Mfula LUSAKA, Aug 14 (Reuters) - Zambia's copper output dipped in the second quarter, official data showed on Thursday, putting a target of boosting production to 1 million metric tons this year at risk. President Hakainde Hichilema's government has been trying to lift c...Reuters
Thu, Aug 14
Freeport LNG export plant in Texas on track to return to full power on Thursday, LSEG data shows
Aug 14 (Reuters) - U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Thursday in a sign that one of its liquefaction trains exited a short-term outage on Wednesday, according to a company filing with state regulators and gas flow ...Reuters
Thu, Aug 14
India BPCL buys 10 million barrels of US oil via five-month tender, sources say
By Nidhi Verma NEW DELHI, Aug 14 (Reuters) - India's state-run Bharat Petroleum Corp BPCL.NS has awarded a five-month tender for 10 million barrels of U.S. oil to European trader Glencore, two people with knowledge of the matter said, aiding India's efforts to deepen energy ties with Wash...Reuters
Thu, Aug 14
GRAINS-Soybeans pause after rally, corn and wheat slip back near contract lows
PARIS/CANBERRA, Aug 14 (Reuters) - Chicago soybean futures edged down on Thursday, consolidating after a six-week high fuelled by a lower-than-expected U.S. government harvest forecast, while wheat and corn fell back towards contract lows as supply pressure persisted.The most active soybean contract...Reuters
Thu, Aug 14
Brazil crop agency raises total corn, export forecasts
By Ana ManoSAO PAULO, Aug 14 (Reuters) - Brazilian farmers are expected to harvest 137 million metric tons of corn in 2024/25, crop agency Conab said on Thursday after raising its estimate for second-corn production by 5 million tons to 109.6 million tons.Conab also increased its Brazilian corn expo...Reuters
Thu, Aug 14
Canada's Conifex Timber reports Q2 net loss of C$8.3 mln
OverviewConifex Q2 net loss C$8.3 mln, reversing Q1 net income of C$0.6 mlnSales fall to C$33.9 mln from C$44.6 mln as lumber production impacted by reduced log availabilityEBITDA negative C$3.2 mln in Q2, compared to C$4.9 mln in Q1OutlookConifex expects continued volatility in North American lumbe...Reuters
Thu, Aug 14
CK Hutchison sees "reasonable chance" of $22.8 bln ports sale going through
Firm hopes for deal capable of getting all regulatory approvalsDeal requires approval from China, US, UK, EU, and othersChairman Victor Li misses analyst briefing for first timeH1 underlying profit up 11%, net profit down 92%By Clare Jim and Donny Kwok HONG KONG, Aug 14 (Reuters) - CK Hutchison 0...Reuters
Thu, Aug 14
Brazil crop agency raises total corn, export forecasts
SAO PAULO, Aug 14 (Reuters) - Brazilian farmers are expected to harvest 137 million metric tons of corn in 2024/25, crop agency Conab said on Thursday after raising its estimate for second-corn production by 5 million tons to 109.6 million tons.Conab also increased its Brazilian corn export forecast...Reuters
Thu, Aug 14
Equinix enters into multiple advanced nuclear deals to power data centers
By Laila Kearney NEW YORK, Aug 14 (Reuters) - Major data center developer and operator Equinix EQIX.O has entered into several advanced nuclear electricity deals, including power purchase agreements for fission energy and pre-ordering microreactors for its operations, the company said on Thursday...Reuters
Thu, Aug 14
Sustainable Switch-DR Congo and the cost of tech
Aug 14 (Reuters) - By Sharon KimathiEnergy and ESG Editor, Reuters Digitalsharon.kimathi@thomsonreuters.comHello!All aspects of environment, social and governance issues are high on the agenda in today’s focus as we look at the mineral-rich but conflict-stricken Democratic Republic of Congo.Here, ...Reuters
Thu, Aug 14
Freeport LNG export plant in Texas on track to pull in more natgas on Thursday, LSEG data shows
Aug 14 (Reuters) - U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Thursday in a sign that one of its liquefaction trains exited an outage on Wednesday, according to a company filing with state regulators and gas flow data from ...Reuters
Thu, Aug 14
Cannabis market-focused mortgage REIT Advanced Flower Capital misses Q2 estimates, to convert to BDC
OverviewAdvanced Flower Capital Q2 GAAP net loss of $13.2 mln, reflecting cannabis market challengesDistributable Earnings of $3.4 mln missed analyst expectations, per LSEG dataCo plans to convert from mortgage REIT to BDC, expanding investment opportunitiesOutlookCompany plans to convert from REIT ...Reuters
Thu, Aug 14
India BPCL buys 10 million barrels of US oil via 5-mth tender, sources say
By Nidhi VermaNEW DELHI, Aug 14 (Reuters) - India's state-run Bharat Petroleum Corp BPCL.NS has awarded a five-month tender to buy 10 million barrels of U.S. oil to European trader Glencore, two people with knowledge of the matter said, aiding India's efforts to deepen energy ties with Washi...Reuters
Thu, Aug 14
Auxly Cannabis Q2 net income surges 315% to C$8.3 mln
OverviewAuxly Q2 net revenue rises 33% yr/yr to C$38.8 mlnAdjusted EBITDA for Q2 jumps 123% yr/yr to C$11.6 mlnNet income for Q2 surges 315% yr/yr to C$8.3 mlnOutlookAuxly expects continued revenue growth in H2 2025Company plans $1.5 mln to $2.5 mln for capital projects in 2025Auxly evaluating expor...Reuters
Thu, Aug 14
