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California governor seeks help for struggling oil refiners
April 23 (Reuters) - California Governor Gavin Newsom has directed state officials to step up efforts to guarantee reliable fuel supplies for the nation's biggest auto market, prompting oil companies to blame state policies for difficult business conditions and high pump prices.Newsom's lett...Reuters
Wed, Apr 23
US Cash Crude-Coastal grades weaken on first day of roll trade
April 23 (Reuters) - U.S. coastal crude grades weakened on Wednesday, dealers said, on the first day of the "roll" trade, a period in which the market becomes more volatile as traders square their positions. The three-day roll trade begins after the front-month U.S. crude futures contract CL...Reuters
Wed, Apr 23
Newmont beats first-quarter profit estimates
April 23 (Reuters) - Newmont NEM.N beat analysts' estimates for first-quarter profit on Wednesday, as the world's biggest gold miner benefited from a rally in bullion prices. On an adjusted basis, the company earned $1.25 per share for the quarter ended March 31, compared with analysts...Reuters
Wed, Apr 23
GRAINS-Soybeans jump on hopes of easing US-China trade tensions
By Renee Hickman CHICAGO, April 23 (Reuters) - Soybean prices rose to a two-month high on Wednesday, underpinned by expectations of a de-escalation in the U.S.-China trade conflict, while wheat and corn futures ticked lower. Financial markets calmed after U.S. President Donald Trump said he had n...Reuters
Wed, Apr 23
New Jersey wildfire could become state's largest in about 20 years
Fires no longer threatening populated areasState has seen almost twice as many wildfires as usual in 2025Affected area is about 15 miles from shorelineBy Doyinsola Oladipo and Rich McKayApril 23 (Reuters) - A sprawling wildfire burning in New Jersey's Pinelands near Atlantic Ocean beach towns co...Reuters
Wed, Apr 23
Oil falls 2% after sources say OPEC+ to mull accelerating output
Some OPEC+ members to suggest accelerating output in June -sources Kazakhstan: Oil output levels decided by national interest, not OPEC+ US crude stockpiles rise, fuel inventories fall Washington considering cutting tariffs on Chinese importsBy Georgina McCartney HOUSTON, April 23 (Reuters) - Oil...Reuters
Wed, Apr 23
Brazil soy lobby defends modernization of soy moratorium
By Ana Mano SAO PAULO, April 23 (Reuters) - A case pending before Brazil's Supreme Court gives the soy industry a chance to improve the "soy moratorium," an agreement that banned purchases of the oilseed from deforested Amazon areas after a cutoff date in 2008, said Andre Nassar, head...Reuters
Wed, Apr 23
ICE canola futures continue rise on low stocks, momentum
WINNIPEG, Manitoba - April 23 (Reuters) - ICE canola futures were higher for a second day on Wednesday, with traders seeing the oilseed back within a rising trend.• July canola RSN5 settled up $2.80 at $682.30 per metric ton, with a similar gain in new-crop November RSX5.• Traders said the return to...Reuters
Wed, Apr 23
CORRECTED-Panama President Mulino rules out mining contract law to resolve Cobre Panama dispute
By Elida Moreno and Divya RajagopalApril 23 (Reuters) - Panama will not offer a new mining contract law to resolve the Cobre Panama dispute and is still undecided regarding the way forward for the future of the mine, Panama President Jose Raul Mulino said on Tuesday evening while speaking at an indu...Reuters
Wed, Apr 23
CBOT wheat falls on improving forecast in Plains and Black Sea
CHICAGO, April 23 (Reuters) - Chicago Board of Trade wheat futures ended down on Wednesday as weather forecasts in the U.S. Plains and Black Sea improved and the U.S. dollar regained some value. CBOT July soft red winter wheat WN25 settled down 6-3/4 cents at $5.43-1/2 per bushel.K.C. July hard red ...Reuters
Wed, Apr 23
US Plains HRW Wheat-Domestic bids steady, Gulf basis steady-firm as futures drop
CHICAGO, April 23 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were mostly steady around the southern U.S. Plains on Wednesday on slow demand and lower futures prices, while Gulf Coast basis values were steady to higher, dealers said.* K.C. HRW wheat futures on the Chicago Board of Tr...Reuters
Wed, Apr 23
CBOT soybeans end higher on trade war de-escalation hopes
CHICAGO, April 23 (Reuters) - Chicago Board of Trade soybean futures were up on Wednesday as investors anticipated a possible easing in trade tensions between the U.S. and China.CBOT July soybeans SN25 settled up 4-1/4 cents at $10.50-1/4 per bushel.CBOT July soymeal SMN25 ended down $0.90 at $298.6...Reuters
Wed, Apr 23
EQT plans to spend less while producing more US natgas in 2025
By Scott DiSavino April 23 (Reuters) - U.S. energy company EQT EQT.N, the country's second-biggest natural gas producer, plans to reduce capital spending but produce more energy in 2025, while rival Range Resources RRC.N said it would hold expenditures and output relatively steady from 20...Reuters
Wed, Apr 23
EXCLUSIVE-Kazakhstan says oil output levels decided by national interest, not OPEC+
Kazakhstan unable to control Wester majors' projects - ministerEnergy minister says too risky to reduce output at old fieldsKazakhstan committed to constructive work with OPEC+ - statementCountry among biggest OPEC+ over producersBy Tamara Vaal ASTANA, April 23 (Reuters) - Kazakhstan will pri...Reuters
Wed, Apr 23
CBOT corn futures weaken on drier forecast
CHICAGO, April 23 (Reuters) - Chicago Board of Trade corn futures ended lower on Wednesday as a drier forecast for the U.S. Midwest was expected to speed planting progress in the coming weeks. July corn CN25 ended down 4 cents at $4.79-1/4 a bushel.The next 16-30 days should be drier in the U.S. Mi...Reuters
Wed, Apr 23
Weak oil prices, limited shale acreage to hit energy M&A in 2025, Enverus says
By Georgina McCartney HOUSTON, April 23 (Reuters) - The U.S. upstream oil and gas M&A market is bracing for the most challenging conditions since the COVID-19 pandemic as oil prices slump and prime acreage dries up, analytics firm Enverus said on Wednesday, even though dealmaking jumped last ...Reuters
Wed, Apr 23
US natgas prices edge up on daily output decline, rising LNG export flows
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 3% below five-year averageBy Scott DiSavino April 23 (Reuters) - U.S. natural gas futures edged up about 1% on Wednesday on a drop in daily output and near-record...Reuters
Wed, Apr 23
Ukraine's Zelenskiy moving in wrong direction on peace talks, White House says
April 23 (Reuters) - U.S. President Donald Trump is frustrated with the pace of talks on ending the war in Ukraine and President Volodymyr Zelenskiy is going in the wrong direction when it comes to negotiations, White House spokesperson Karoline Leavitt said on Wednesday."The president's fru...Reuters
Wed, Apr 23
CORRECTED-New Jersey wildfire could become state's largest in about 20 years
Fires no longer threatening populated areasState has seen almost twice as many wildfires as usual in 2025Affected area is about 15 miles from shorelineBy Doyinsola Oladipo and Rich McKayApril 23 (Reuters) - A sprawling wildfire burning in New Jersey's Pinelands near Atlantic Ocean beach towns co...Reuters
Wed, Apr 23
PRECIOUS-Gold falls 3% as Trump comments on Fed and China boost risk sentiment
Gold backtracks after hitting record of $3,500.05/oz on TuesdayTrump says China tariffs will fall substantially after a dealDollar stages a rebound, stocks rally Silver up 1%By Brijesh Patel and Daksh Grover April 23 (Reuters) - Gold on Wednesday extended its retreat from an all-time high, fallin...Reuters
Wed, Apr 23
