News
Important Only
ConocoPhillips Says It Expects $7 Billion Free Cash Flow By 2029 At $70 WTI
Aug 7 (Reuters) - Conocophillips COP.N:CONOCOPHILLIPS SAYS IT EXPECTS $7 BILLION FREE CASH FLOW BY 2029 AT $70 WTI - CONF CALLCONOCOPHILLIPS CEO SAYS OIL MARKET REMAINS ‘CHOPPY’ IN NEAR TERMCONOCOPHILLIPS SAYS IT IS BULLISH ON GAS, SEES LNG MARKET GROWING TO 700 MILLION TONS IN 5–10 YEARSSource text...Reuters
Thu, Aug 7
Europe Gasoline/Naphtha-Gasoline profit margins ease
LONDON, Aug 7 (Reuters) - Northwest European gasoline profit margins fell by 24 cents to $16.32 a barrel on Thursday, despite a fall in stocks in Amsterdam-Rotterdam-Antwerp.A total of 7,000 metric tons of Eurobob E10 gasoline traded, with BP and Shell selling to ExxonMobil, BP and Varo.An additiona...Reuters
Thu, Aug 7
APA Says Currently Delivering Flat Oil Production With Six Drilling Rigs
Aug 7 (Reuters) - APA Corp (US) APA.O:APA SAYS IT IS CURRENTLY DELIVERING FLAT OIL PRODUCTION WITH SIX DRILLING RIGS - CONF CALLAPA SAYS FREE CASH FLOW EXPECTED TO BE SECOND-HALF WEIGHTED - CONF CALLAPA SAYS TIMELINE TO REACH $3 BILLION DEBT TARGET COULD RANGE FROM 2 TO 5 YEARS DEPENDING ON COMMODIT...Reuters
Thu, Aug 7
Chevron-chartered tankers begin returning to Venezuela after US license, shipping data show
By Marianna Parraga HOUSTON, Aug 7 (Reuters) - At least three vessels that oil major Chevron CVX.N had used to transport Venezuelan crude to the U.S. were navigating toward the South American country's waters on Thursday, with exports expected to resume later this month following a new U.S. l...Reuters
Thu, Aug 7
Euronext wheat rises on short-covering and Chicago rebound
PARIS/HAMBURG, Aug 7 (Reuters) - Euronext wheat rose on Thursday, boosted by short-covering in front-month futures and spillover from an export-fuelled rebound in Chicago. September wheat BL2U5 on Euronext settled 1.9% higher at 197.50 euros ($229.81) a metric ton, after approaching a contract low e...Reuters
Thu, Aug 7
US Cash Grains-Corn, soybean bids flat to down at processors, river terminals
CHICAGO, Aug 7 (Reuters) - Basis bids for corn and soybeans were steady to lower at processors and river terminals in a spot check of locations in the U.S. Midwest on Thursday, with farmers clearing space for what are expected to be large crops. The corn basis fell 2 cents at a processor in Decatur,...Reuters
Thu, Aug 7
Power costs soar in PJM region as data center demand spikes
Residential bills may rise 30-60% by 2030, ICF analysis showsPJM's capacity auction prices soared 1,000% from two years agoRecord-high auction prices impacting power billsPJM to address reliability and cost with stakeholdersBy Laila Kearney and Tim McLaughlin NEW YORK, Aug 7 (Reuters) - Homes...Reuters
Thu, Aug 7
Chevron-chartered tankers begin returning to Venezuela following US license, shipping data say
HOUSTON, Aug 7 (Reuters) - At least three vessels that oil major Chevron CVX.N had used to transport Venezuelan crude to the U.S. are navigating towards the South American country's waters, with exports expected to resume later this month following a new U.S. license, according to shipping data ...Reuters
Thu, Aug 7
Nutrien expects more fertilizer use by farmers despite low crop prices
By Ed White WINNIPEG, Manitoba, Aug 7 (Reuters) - Nutrien NTR.TO, the world's top potash producer, expects increased fertilizer use by North American farmers this fall and a good global potash market in 2026 despite some crop prices at multi-year lows, company executives told analysts on Thur...Reuters
Thu, Aug 7
METALS-Copper rises on upbeat Chinese trade data
By Polina Devitt LONDON, Aug 7 (Reuters) - Copper prices rose on Thursday after July trade data in top metals consumer China beat forecasts, with cautious optimism over a potential U.S.-China trade deal offering further support.Three-month copper CMCU3 on the London Metal Exchange added 0.1% to $...Reuters
Thu, Aug 7
GRAINS-Wheat, soy and corn bounce off lows as demand stirs
Strong export sales data boosts wheat, corn and soy futuresRecovery also fuelled by short covering and technical tradingBy Heather Schlitz CHICAGO, Aug 7 (Reuters) - Chicago Board of Trade wheat rebounded on Thursday after hitting a five-year low on Wednesday, and corn recovered from previous con...Reuters
Thu, Aug 7
CORRECTED-POLL-Trade estimates for USDA August US corn, soy production
Aug 6 (Reuters) - The following are analysts' estimates ahead of the August crop supply/demand report from the U.S. Department of Agriculture, which will include figures for 2025-26 U.S. corn and soybean production.The USDA is scheduled to release the report on Tuesday August 12 at 12 p.m. EDT (...Reuters
Thu, Aug 7
Constellation Energy beats profit estimates on robust power demand
Aug 7 (Reuters) - Major U.S. power company Constellation Energy CEG.O on Thursday beat Wall Street estimates for second-quarter adjusted profit, helped by rising power demand from data centers and lower interest expenses.Independent power companies like Constellation have reaped the benefits of reco...Reuters
Thu, Aug 7
US natural gas futures steady ahead of federal storage report
Near-record gas flows to LNG export plantsExtreme heat last week boosts gas demand for air conditioningGas storage build smaller than usual, analysts projectBy Scott DiSavino Aug 7 (Reuters) - U.S. natural gas futures held steady on Thursday ahead of the release of a federal report expected to sh...Reuters
Thu, Aug 7
REFILE-Mexico City restaurant blends zero waste and ancient agriculture
By Mariana Hernandez and Diego DelgadoMEXICO CITY Aug 7 (Reuters) - Nestled in a quiet corner in Mexico City’s trendy Condesa neighborhood sits the vine-strewn restaurant Baldio, or barren in English. It has become a draw for its zero-waste kitchen, which means that every scrap of food and leftovers...Reuters
Thu, Aug 7
Trump tariffs hit India's garment makers as US buyers say move production
India's garment industry faces crisis due to Trump tariffsExporters scrambling to look for manufacturing options abroadSome manufacturers told by US buyers to put orders on holdBy Dhwani Pandya and Praveen Paramasivam MUMBAI/CHENNAI, Aug 7 (Reuters) - Ever since Donald Trump's tariff salv...Reuters
Thu, Aug 7
CORRECTED-Oil trader 2Rivers, formerly Coral Energy, begins dissolution process
By Robert Harvey and Julia Payne LONDON, Aug 6 (Reuters) - Dubai-based oil trader 2Rivers, formerly known as Coral Energy, has started the formal process of dissolution following sanctions by Britain and the European Union, the company said on Wednesday.The company, which said in June it had ceas...Reuters
Thu, Aug 7
ARA gasoil stocks rebound from 20-month low
LONDON, Aug 7 (Reuters) - Gasoil product stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose nearly 2% on the week, data from Dutch consultancy Insights Global showed on Thursday, after they hit their lowest since December 2023 last week.Gasoil stocks ros...Reuters
Thu, Aug 7
Cameroon cocoa output surpasses 300,000 metric ton target for first time
MBANKOMO, Cameroon, Aug 7 (Reuters) - Cameroon surpassed its annual target of 300,000 metric tons of cocoa for the first time in the 2024/2025 season, marking a significant milestone for the world's fifth-largest producer, the Central African country's trade minister said on Thursday.Speakin...Reuters
Thu, Aug 7
As blazes spread, French winemakers rue loss of 'fire break' vineyards
Aude wildfire is France's biggest in seven decadesMoisture-laden vines with scrub-free soil can slow firesFarmers tearing up vines as people drink less wineBy Gus Trompiz PARIS, Aug 7 (Reuters) - In southern France's sun-seared Aude region, farmers have been reluctantly digging up vines, ...Reuters
Thu, Aug 7
