News
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Burkina Faso grants mining lease to Russia's Nordgold for gold project
April 25 (Reuters) - Burkina Faso has granted an industrial mining licence to Russian miner Nordgold for a gold project, the military-led West African government said, aiming to capitalise on record-high gold prices to strengthen an economy hit by insecurity.The move signals deepening economic ties ...Reuters
Fri, Apr 25
Chilean miner Codelco's pre-tax profit tumbles on FX effects
By Fabian Cambero and Natalia Siniawski SANTIAGO, April 25 (Reuters) - Chilean miner Codelco, the world's largest copper producer, on Friday reported a slight bump in production in the first quarter, though the boost was not enough to offset exchange-rate effects, which caused its profits to ...Reuters
Fri, Apr 25
US Plains HRW Wheat-Basis bids steady as wheat belt awaits more crop-boosting rains
CHICAGO, April 25 (Reuters) - Spot hard red winter (HRW) wheat basis bids held mostly steady around the southern U.S. Plains on Friday as farmer sales remained slow and futures hovered near recent lows, dealers said.Nearby K.C. HRW wheat futures contracts on the Chicago Board of Trade posted life-of...Reuters
Fri, Apr 25
Phillips 66 refineries to run in mid-90% range capacity in Q2 2025
NEW YORK, April 25 (Reuters) - U.S. crude oil refiner Phillips 66 PSX.N plans to operate its refineries in the mid-90% range of combined capacity of 1.5 million barrels per day in the second quarter, Chief Financial Officer Kevin Mitchell said on Friday during a conference call with analysts.Reuters
Fri, Apr 25
EU wheat recovers from lows with exports in focus
PARIS, April 25 (Reuters) - Euronext wheat futures rose on Friday after contract lows encouraged technical buying and rekindled export hopes, including possible French sales to Egypt, traders said.September wheat BL2U5 settled up 0.8% at 209.75 euros ($238.53) a metric ton. It earlier reached a one-...Reuters
Fri, Apr 25
Major offshore wind developer has stopped activities in United States
Germany's RWE holds three offshore wind leases in U.S. watersRWE said last month it had pared back U.S. activity to minimumCEO cites 'political developments'By Christoph Steitz FRANKFURT, April 25 (Reuters) - One of the world's top offshore wind developers, Germany's RWE, has ...Reuters
Fri, Apr 25
US drillers add oil and gas rigs for second week in a row, Baker Hughes says
By Scott DiSavino April 25 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for a second week in a row for the first time since February, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of fu...Reuters
Fri, Apr 25
Japan mulls buying more US corn as part of tariff talks, Nikkei reports
April 25 (Reuters) - Japan is considering increasing its corn imports from the United States as part of trade negotiations over President Donald Trump's sweeping tariffs, the Nikkei reported on Friday.The U.S. exported $2.8 billion worth of corn to Japan in 2024, to counter an 80% drop in export...Reuters
Fri, Apr 25
Europe Gasoline/Naphtha-Gasoline margins climb on lower inventories
LONDON, April 25 (Reuters) - Northwest European gasoline profit margins rose by about 40 cents to $14.03 a barrel on Friday supported by lower inventories. Trafigura sold two barges of Eurobob E5 to Litasco.Sahara sold a barge of Eurobob E10 to BP.Gasoline stocks independently held in the Amsterdam-...Reuters
Fri, Apr 25
PRECIOUS-Gold dips 2% as US-China trade tensions ease, dollar rises
Dollar set for first weekly gain since MarchGold down 1.2% so far this weekSilver heads for third weekly riseBy Brijesh Patel April 25 (Reuters) - Gold prices fell 2% on Friday and were on track for a weekly dip as the dollar rose and signs of easing U.S.-China trade tensions after a report that ...Reuters
Fri, Apr 25
METALS-Copper sags on tariff turmoil, firmer dollar
By Eric Onstad LONDON, April 25 (Reuters) - Copper prices eased on Friday as a stronger dollar and uncertainty about demand overshadowed optimism that the United States and China were seeking to restrain their trade war. Benchmark copper CMCU3 on the London Metal Exchange (LME) was down slightl...Reuters
Fri, Apr 25
Weyerhaeuser beats first quarter profit estimates on strong domestic demand
April 25 (Reuters) - Weyerhaeuser WY.N Wall Street estimates for first-quarter profit on Thursday, as the lumber firm was helped by robust domestic demand.According to U.S. government data released on Wednesday new home sales surged to a six-month high in March, as buyers hurried to capitalize on de...Reuters
Fri, Apr 25
US Cash Grains-Soybean, corn basis bids steady-firm on light farmer sales
CHICAGO, April 25 (Reuters) - Spot basis bids for soybeans delivered to elevators and processors around the U.S. Midwest were steady to higher on Friday on slow farmer sales and firm demand, grain merchants said.Spot corn basis bids were steady to higher at elevators, ethanol plants and other proces...Reuters
Fri, Apr 25
Brazil's Vale sees no material impacts from trade war so far
SAO PAULO, April 25 (Reuters) - Brazilian miner Vale VALE3.SA said on Friday that it has so far not seen a material impact from the ongoing global trade war on its operations and sales, but vowed to keep monitoring it closely amid uncertain market conditions.Vale is one of the world's largest ir...Reuters
Fri, Apr 25
State Department nixes climate office, revamps energy bureau
Climate office shut, energy bureau absorbed into economic officeOffice played key role in annual climate talksWork on access to critical minerals survives, department saysBy Valerie Volcovici and Timothy Gardner WASHINGTON, April 25 (Reuters) - The Trump administration has terminated federal empl...Reuters
Fri, Apr 25
Chilean miner Codelco's pre-tax profit falls 53% in first quarter
SANTIAGO, April 25 (Reuters) - Chile's Codelco, the world's largest copper producer, on Friday posted a 53% decrease in pre-tax profit, reaching $213 million for the first three months of the year.The state-owned miner said its own output totaled 296,000 metric tons, up 0.3% from the same pe...Reuters
Fri, Apr 25
Lyondell Houston refinery ceased operations in February, company says
HOUSTON, April 25 (Reuters) - Lyondell Basell Industries LYB.N permanently shut its 263,776 barrel-per-day (bpd) Houston refinery in February, said Peter Vanacker, the company's chief executive during a Friday conference call. Reuters reported on Feb. 7 the company completed the shutdown of the ...Reuters
Fri, Apr 25
