News
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Risk Strategies: Hardening in cannabis insurance market 'will likely flatten'
By Mia MacGregorApril 30 - (The Insurer) - Despite limited progress toward federal legalization, the cannabis industry is expanding into new states and sectors while continuing to navigate a complex patchwork of state-level laws and regulations, according to a recent market report from Risk Strategi...Reuters
Wed, Apr 30
GRAINS-Corn futures end higher on solid US export sales
Exporters sell US corn to unknown buyers, USDA saysBargain buying, short covering lift wheat futuresU.S.-China trade war hangs over soybean marketBy Tom Polansek CHICAGO, April 30 (Reuters) - Chicago Board of Trade corn futures advanced on U.S. export demand on Wednesday, while bargain-hunting li...Reuters
Wed, Apr 30
Mexico's Pemex swings to $2 billion loss as production, sales slump
Decline of mature wells, delays in new well completions cited in production declinePemex says it's working to reach 1.8 million bpd production goal by year-endRevenues dip 2.5% on lower crude salesCash-strapped company's financial debt rises past $101 million Production remains under governm...Reuters
Wed, Apr 30
Cargill, LDC among winners of Brazil port auction
By Roberto SamoraSAO PAULO, April 30 (Reuters) - Cargill, BTG Pactual Commodities and a consortium formed by Louis Dreyfus and Brazilian grain trader Amaggi have won rights to operate three separate terminals at Paranagua port on Wednesday.The competitive auction, which involved several bidders, hig...Reuters
Wed, Apr 30
Japan's Sumitomo, Builders Vision back US rare earths startup Phoenix Tailings
April 30 (Reuters) - Japan's Sumitomo 8053.T and impact investment fund Builders Vision have invested in U.S.-based rare earths processing startup Phoenix Tailings, the latest move by manufacturers to boost production of the critical minerals outside of China.Rare earths are a group of 17 metals...Reuters
Wed, Apr 30
Albemarle posts loss on sliding lithium prices, keeps 2025 outlook
April 30 (Reuters) - Albemarle ALB.N, the world's largest producer of lithium for electric vehicle batteries, posted a small quarterly loss on Wednesday due to sliding prices for the ultralight metal, although the company maintained its 2025 forecast.The company reported a first-quarter net loss...Reuters
Wed, Apr 30
US Cash Crude-Grades ease as US economy contracts in the first quarter
April 30 (Reuters) - U.S. cash crude grades eased slightly on Wednesday, dealers said, as data showed the U.S. economy contracted in the first quarter.WTI Midland WTC-WTM and Mars Sour eased 5 cents each.U.S. crude oil stockpiles fell by 2.7 million barrel last week on higher export and refinery dem...Reuters
Wed, Apr 30
Google funding electrician training as AI power crunch intensifies
Google to award $10 million grant for electrician trainingFunding comes as Big Tech's data center expansion slowed by lacking power availabilityCompany also releasing white paper with energy policy recommendationsBy Laila Kearney NEW YORK, April 30 (Reuters) - Google GOOGL.O will fund the tra...Reuters
Wed, Apr 30
US oil output rose in February on Texas, New Mexico boost, EIA says
NEW YORK, April 30 (Reuters) - Total U.S. crude oil production rose slightly in February as top producing states Texas and New Mexico reversed recent declines and pumped more barrels, data from the U.S. Energy Information Administration showed on Wednesday.Oil output from the world's top-produci...Reuters
Wed, Apr 30
US Plains HRW Wheat-Basis bids mostly flat amid quiet trade
CHICAGO, April 30 (Reuters) - Spot hard red winter wheat basis bids were flat in the U.S. Plains on Wednesday as rains benefited the area's dry wheat crop in its early growing stages while farmer selling remained slow, dealers said.The basis ticked lower at a terminal in Oklahoma. Though the bas...Reuters
Wed, Apr 30
Indiana Michigan Power's Cook Nuclear Plant Unit 1 Completes Spring 2025 Refueling Outage
April 30 (Reuters) - INDIANA MICHIGAN POWER AEPIG.UL:SAYS COOK NUCLEAR PLANT UNIT 1 COMPLETED SPRING 2025 REFUELING OUTAGE WHICH BEGAN MARCH 22, CONNECTING TO THE TRANSMISSION GRID AT 3:00 P.M., APRIL 30SAYS UNIT 2 REMAINED SAFELY AT FULL POWER FOR THE DURATION OF THE 39-DAY UNIT 1 REFUELING OUTAGES...Reuters
Wed, Apr 30
ICE canola futures mixed
WINNIPEG, Manitoba - April 30 (Reuters) - ICE canola futures were slightly higher for nearby July and slightly weaker for new crop months on a weak Wednesday for vegoils.• July canola RSN5 settled up $5.40 at $692.40 per metric ton. November RSX5 fell 30 cents to $650.10, with the old crop/new crop ...Reuters
Wed, Apr 30
Spain's investigators to visit energy firms premises in blackout probe, sources say
Spain's cybersecurity agency and CNI to investigate blackout causesProbe involves visits to REE and private energy companiesPrime Minister Sanchez has announced government investigation into power outageMADRID, April 30 (Reuters) - Investigators from Spain's cybersecurity agency (INCIBE) and...Reuters
Wed, Apr 30
Oil settles lower, posts steepest monthly decline since 2021
Saudi Arabia signals it can live with lower oil pricesUS economy contracts in the first quarterMarket expects further increase in OPEC+ outputBy Nicole Jao NEW YORK, April 30 (Reuters) - Oil prices settled down on Wednesday and recorded the largest monthly drop in almost 3-1/2 years after Saudi A...Reuters
Wed, Apr 30
ConocoPhillips to shut operations in Ekofisk, Norpipe system in June for scheduled maintenance
April 30 (Reuters) - ConocoPhillips will shut down operations at the Ekofisk area and the Norpipe system in the UK for approximately three to four weeks in June as part of a scheduled tri-annual maintenance, the company said in an emailed statement on Wednesday."Third-party fields delivering vol...Reuters
Wed, Apr 30
US natgas prices slide 2% on mild weather, lower demand
U.S. LNG export feedgas on track to hit record high in AprilU.S. gas output on track to hit record high in AprilU.S. gas storage about 1% below five-year averageBy Scott DiSavino April 30 (Reuters) - U.S. natural gas futures slid about 2% on Wednesday on forecasts for milder weather and lower dem...Reuters
Wed, Apr 30
CBOT corn rebounds on US export demand
CHICAGO, April 30 (Reuters) - Chicago Board of Trade corn futures finished stronger on Wednesday as solid U.S. export demand supported prices, analysts said.CBOT July corn CN25 ended up 5-1/4 cents at $4.75-1/2 per bushel. The most-active contract Cv1 rebounded after falling to the lowest price sinc...Reuters
Wed, Apr 30
CBOT wheat rises on bargain buying after contract lows
April 30 - Chicago Board of Trade wheat futures closed higher on bargain buying on Wednesday as the market rebounded from contract lows, analysts said. Short covering helped support gains after recent losses left the market oversold, traders said.Market chatter indicated that Chinese buyers had retu...Reuters
Wed, Apr 30
CBOT soybeans hit two-week low on US-China trade war concerns
CHICAGO, April 30 (Reuters) - Chicago Board of Trade soybean futures closed lower on Wednesday after touching a two-week low as U.S. President Donald Trump's trade war with China fueled concerns about export demand, analysts said.China is the world's biggest soybean importer.The nation will ...Reuters
Wed, Apr 30
Expand Energy sees minimal near-term impact from Trump's tariffs
Longer term, tariff impact depends on outcome and scale of programExpand well-positioned for Gulf Coast demand growth - analystExpand says on track to produce more in 2025, 2026 to meet growing demand Expand plans $2.7 bln investment to boost production by 2025Expand aims for 7.5 bcfed production by...Reuters
Wed, Apr 30
