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Elliott's affiliate raises bid for Citgo parent, court filing says
HOUSTON, Aug 13 (Reuters) - An affiliate of hedge fund Elliott Investment Management has increased its bid for the parent firm of Venezuela-owned refiner Citgo Petroleum to a total value of $8.82 billion, according to a court filing.The improved bid, submitted in recent days as competition for the r...Reuters
Wed, Aug 13
Hudbay Minerals to sell 30% stake in Arizona copper mining project for $600 million
Aug 13 (Reuters) - Hudbay Minerals HBM.TO said on Wednesday Mitsubishi Corp 8058.T will buy a 30% stake in its Copper World project in Arizona for $600 million, boosting financing and strategic backing for the U.S. copper mine.The deal is expected to close later this year, or early next year.WHY IT...Reuters
Wed, Aug 13
India, US nuclear regulators meet to boost cooperation
New Delhi, Aug 13 (Reuters) - India's Atomic Energy Regulatory Board (AERB) said it held a bilateral technical meeting with the U.S. Nuclear Regulatory Commission to strengthen cooperation on nuclear safety and regulation as India looks to expand its nuclear power capacity.An Indian delegation p...Reuters
Wed, Aug 13
GRAINS-Corn steadies after slide on record US crop forecast
USDA announced hefty corn yield and area revisionsSoybeans firm after USDA forecast cut, pause in canola slideWheat consolidates after latest five-year lowBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, Aug 13 (Reuters) - Chicago corn edged higher on Wednesday, steadying after a more than 3% d...Reuters
Wed, Aug 13
Amerigo’s MVC Resumes Fresh Tailings Processing
Aug 13 (Reuters) - Amerigo Resources Ltd ARG.TO:AMERIGO’S MVC RESUMES FRESH TAILINGS PROCESSINGAMERIGO RESOURCES LTD - EL TENIENTE MINE APPROVED TO RESTART OPERATIONS IN EIGHT SECTORSAMERIGO RESOURCES LTD - EXPECTS LOWER DAILY THROUGHPUT FROM FRESH TAILINGS THAN INITIALLY FORECAST IN MVC’S 2025 PROD...Reuters
Wed, Aug 13
World oil market looks more 'bloated' after OPEC+ hike, IEA says
IEA expects global supply to rise by 2.5 million bpd in 2025Trims forecast for demand growth this year to 680,000 bpdGlobal crude refining runs will approach record high in AugustImplied surplus to approach 3 million bpd in 2026 By Enes Tunagur LONDON, Aug 13 (Reuters) - World oil supply will ris...Reuters
Wed, Aug 13
Russia says its demands are unchanged: full Ukrainian withdrawal from regions that Moscow claims
Russia says peace conditions have not changedPutin set out terms in 2024 Putin then demanded Ukraine abandon NATO membership bidTrump has said both sides will have to cede land By Dmitry Antonov MOSCOW, Aug 13 (Reuters) - Russia said on Wednesday that its stance on ending the war in Ukraine has n...Reuters
Wed, Aug 13
Thyssenkrupp Nucera abandons US green hydrogen projects no longer deemed feasible -CEO
By Marleen Kaesebier and Christoph Steitz Aug 13 (Reuters) - Thyssenkrupp Nucera NCH2.DE is in intensive discussions with stakeholders in its U.S. projects and is abandoning those no longer deemed feasible due to tax and spending changes initiated by U.S. President Donald Trump, its CEO said on W...Reuters
Wed, Aug 13
RPT-COLUMN-US clean energy capacity growth gets slower but wider in 2025: Maguire
By Gavin MaguireLITTLETON, Colorado, Aug 13 (Reuters) - The pace of new capacity of U.S. solar, wind and battery systems has slowed nationally and in key states this year, hurting clean energy sector sentiment. But climate trackers can take heart from the continued growth outside Texas and Californi...Reuters
Wed, Aug 13
Samoa receives $285,000 parametric payout after tsunami from Russian quake
By Henry GaleAug 13 - (The Insurer) - Pacific Catastrophe Risk Insurance Company (PCRIC) has paid $285,000 to the government of Samoa after its parametric insurance policy was triggered by tsunami warnings following the magnitude 8.8 earthquake in Russia's far east on July 30.The earthquake had ...Reuters
Wed, Aug 13
PRECIOUS-Gold rises on increasing Fed rate-cut bets, weaker dollar
Rate cut bets rise after mild July inflationTrump meets Putin on Friday to discuss war in UkraineUS and China extend tariff truce by 90 daysBy Anmol Choubey Aug 13 (Reuters) - Gold rose on Wednesday as expectations of a U.S. Federal Reserve interest rate cut in September gained traction following...Reuters
Wed, Aug 13
China's Zhengzhou exchange issues risk notice for rapeseed meal, rapeseed oil market
BEIJING, Aug 13 (Reuters) - China's Zhengzhou Commodity Exchange on Wednesday issued a market risk notice due to recent uncertainties in the rapeseed meal and rapeseed oil market.China's most active Zhengzhou rapeseed meal futures CRSMcv1 rose over 3% on Wednesday, driven by expectations of ...Reuters
Wed, Aug 13
Cannabis firm Organigram's Q3 revenue beats estimates
OverviewOrganigram fiscal Q3 net rev rises 72% yr/yr, beating analyst expectationsAdjusted EBITDA for fiscal Q3 grows 64% yr/yr, driven by higher revenueCompany expands U.S. presence, generating revenue and increasing exportsOutlookOrganigram expects adjusted gross margin to improve with Motif syner...Reuters
Wed, Aug 13
Canadian farmers reel as China blocks top canola seed market
By Ed White WINNIPEG, Manitoba, Aug 13 (Reuters) - Canadian farmers are reeling from China's decision to impose hefty duties on their canola seed, after the surprise move spooked grain buyers into halting purchases and stoked worries there will be little demand for crop deliveries this au...Reuters
Wed, Aug 13
Middle East Crude-Murban slips; Oman, Dubai steady
SINGAPORE, Aug 13 (Reuters) - Middle East crude benchmark spot premium of Murban slipped on Wednesday, while that of Oman and Dubai little moved after three consecutive declines previously.Oil prices fell on Wednesday after the IEA noted supply overtaking demand this year, while investors awaited Fr...Reuters
Wed, Aug 13
Ukraine's Naftogaz signs 500 mln euro loan from EBRD for gas purchases
Aug 13 (Reuters) - Ukraine's state oil and gas company Naftogaz has signed a 500-million-euro loan agreement with the European Bank of Reconstruction and Development for gas purchases, Prime Minister Yuliia Svyrydenko wrote on Telegram."This is the first time that a loan has been provided un...Reuters
Wed, Aug 13
Caspian Pipeline Consortium oil exports rise 6% in July, sources say
MOSCOW, Aug 13 (Reuters) - The Caspian Pipeline Consortium (CPC) increased oil exports in July to 6.551 million tonnes, from 6.177 million tonnes in June, two industry sources and Reuters calculations show.The July figure equated to 1.67 million barrels per day, up from 1.63 million bpd in June.Reuters
Wed, Aug 13
EUROPE GAS-Prices rise on low wind output, higher demand
LONDON, Aug 13 (Reuters) - Dutch and British wholesale gas prices edged up on Tuesday morning as a heatwave, low wind output and French nuclear generation increased demand.The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 was up 0.30 euro at 32.63 euros per megawatt hour (MWh) by 0...Reuters
Wed, Aug 13
