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US ethane curbs will make contracting to China harder, Energy Transfer says
By Arathy Somasekhar HOUSTON, Aug 6 (Reuters) - Recent U.S. restrictions on ethane exports to China will likely make it more difficult to contract with Chinese companies, even though they have already been lifted, U.S. exporter Energy Transfer ET.N said on Wednesday. The U.S. placed restricti...Reuters
Wed, Aug 6
Trump says he could impose more tariffs on China, similar to India duties, over Russian oil
WASHINGTON, Aug 6 (Reuters) - U.S. President Donald Trump on Wednesday said he could announce further tariffs on China similar to the 25% duties announced earlier on India over its purchases of Russian oil, depending on what happens."Could happen," Trump told reporters, after saying he expec...Reuters
Wed, Aug 6
Gold price retreats as US yields rise and traders book profits
Gold price retreats in the North American session, weighed down by rising US Treasury yields, traders booking profits, and news that US President Donald Trump might name Fed Governor Adriana Kugler’s replacement toward the end of the year. The XAU/USD trades at $3,372, down 0.23%.
Fxstreet
Wed, Aug 6
CANADA-CRUDE-Discount on Western Canada Select widens
Aug 6 (Reuters) - The discount on Western Canada Select to the North American benchmark West Texas Intermediate futures CLc1 widened on Wednesday.WCS for September delivery in Hardisty, Alberta, settled at $11.85 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $1...Reuters
Wed, Aug 6
Nutrien beats quarterly profit estimates on strong potash demand
Aug 6 (Reuters) - Nutrien NTR.TO topped Wall Street estimates for second-quarter profit on Wednesday, as the world's top potash producer benefited from improved demand in North America amid a robust corn planting season.U.S. farmers expanded corn plantings by 5% this year to the highest since 20...Reuters
Wed, Aug 6
Trump says he could impose more tariffs on China, similar to India duties, over Russian oil
WASHINGTON, Aug 6 (Reuters) - U.S. President Donald Trump on Wednesday said he could announce further tariffs on China similar to the 25% duties announced earlier on India over its purchases of Russian oil."Could happen," Trump told reporters, after saying that he expected to announce more s...Reuters
Wed, Aug 6
LIVESTOCK-Cattle futures hit new highs on resilient consumer demand
By Heather Schlitz CHICAGO, Aug 6 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures hit contract highs on Wednesday as strong consumer demand for beef and another spike in wholesale boxed beef prices supported an ongoing futures rally. Despite concerns that high prices would ...Reuters
Wed, Aug 6
Canada's Taseko Mines Q2 revenue misses expectations
OverviewTaseko Mines Q2 revenue of CAD 116 mln missed analyst expectationsAdjusted EPS for Q2 met expectations at CAD 0.04 loss per shareCo's Gibraltar SX/EW plant restarted, Florence Copper project over 90% completeOutlookTaseko expects copper production of 110-120 mln pounds in 2025Florence Co...Reuters
Wed, Aug 6
Centerra Gold Q2 adjusted EPS beats expectations
OverviewCenterra Q2 2025 revenue misses analyst expectationsQ2 Adjusted EPS beats estimates, per LSEG dataCompany net earnings rise 82% to $68.6 mln, driven by high commodity pricesCenterra increases share buybacks to $27 mln, up 80% from last quarterOutlookCenterra updates 2025 gold production guid...Reuters
Wed, Aug 6
Triple Flag Precious Metals Q2 revenue rises
OverviewTriple Flag Q2 revenue rises to $94.1 mlnAdjusted net income beats expectationsAdjusted EBITDA for Q2 exceeds analyst estimates, reaching $76.2 mlnCo raises quarterly dividend by 5%, completes key royalty acquisitionsOutlookTriple Flag maintains 2025 GEOs guidance of 105,000 to 115,000Compan...Reuters
Wed, Aug 6
China extends probe on imported beef in respite for global suppliers
Beijing says probe on beef imports will run until November 26Chinese beef industry battles to reduce supply glutChina has not renewed many registrations for US shipmentsBy Ella Cao, Lewis Jackson and Tom Polansek BEIJING/CHICAGO, Aug 6 (Reuters) - China has extended for three months an investigat...Reuters
Wed, Aug 6
On eve of US tariffs, Brazilian beef exports hit record high in July
By Roberto Samora and Ana ManoSAO PAULO, Aug 6 (Reuters) - Exports of fresh beef from Brazil reached a record 276,900 metric tons in July, according to trade data on Wednesday, showing a steep rise before a hefty U.S. tariff applied on sales from the world's biggest exporter.July shipments excee...Reuters
Wed, Aug 6
CORRECTED-General Matter signs lease with US energy department to enrich uranium
$1.5-billion project planned at Energy Department siteGeneral Matter plans to start enriching by 2030, needs US licenseUS hopes to wean itself off Russian uraniumBy Timothy Gardner Aug 5 (Reuters) - General Matter, a U.S. startup hoping to enrich uranium for fueling nuclear reactors, signed a...Reuters
Wed, Aug 6
Occidental Petroleum beats quarterly profit, discloses additional divestments
Aug 6 (Reuters) - Occidental Petroleum OXY.N beat Wall Street estimates for second-quarter profit on Wednesday, as higher production countered lower crude oil prices.The company's quarterly average global production was at 1.4 million barrels of oil equivalent per day (MMboepd), up about 11% fro...Reuters
Wed, Aug 6
Top potash producer Nutrien beats second-quarter profit estimates
Aug 6 (Reuters) - Nutrien NTR.TO beat Wall Street estimates for second-quarter profit on Wednesday, as the world's top potash producer benefited from improved demand in North America amid a robust corn planting season.The Saskatoon, Canada-based firm posted an adjusted profit of $2.65 per share ...Reuters
Wed, Aug 6
Intrepid Potash Q2 sales rise to $71.5 mln
OverviewIntrepid Q2 sales rise to $71.5 mln, beating analyst expectationsAdjusted net income of $6.0 mln exceeds estimates, per LSEG dataAdjusted EBITDA of $16.4 mln beats expectations, driven by strong demandOutlookCompany lowers 2026 potash production forecast to 270k-280k tonsIntrepid plans HB mi...Reuters
Wed, Aug 6
Vital Energy Q2 adjusted EPS beats estimates
OverviewVital Energy reports Q2 net loss of $582.6 mln due to impairment lossAdjusted EPS of $2.02 beats analyst expectations, per LSEG dataCompany divested non-core assets for $6.5 mln, proceeds used for debt reductionOutlookVital Energy expects full-year production of 136.5-139.5 MBOE/dCompany nar...Reuters
Wed, Aug 6
US Cash Crude-Grades mixed as crude, fuel stocks fall, OPEC+ hike looms
Aug 6 (Reuters) - Grades were mixed on Wednesday, dealers said, as a drop in crude and fuel stocks lent support, while the market braced itself for more OPEC+ barrels to enter the market next month. U.S. crude stockpiles fell last week as exports rose, while gasoline and distillate inventories also ...Reuters
Wed, Aug 6
Hecla Mining Q2 revenue up 16%, beats estimates
OverviewHecla Q2 revenue rises 16%, beating analyst expectations, per LSEG dataAdjusted EBITDA for Q2 beats consensus, setting a recordCo announces partial redemption of $212 mln senior notes, funded by ATM proceedsOutlookCompany maintains Lucky Friday silver production guidance at 4.7-5.1 mln ounce...Reuters
Wed, Aug 6
Energy Recovery Q2 revenue beats estimates
OverviewEnergy Recovery Q2 revenue rises 3% to $28.1 mln, beating analyst expectationsAdjusted EBITDA for Q2 beats estimates, reaching $4.4 mlnOperating expenses decreased 15.8%, boosting income from operations by 173.2%OutlookCompany's Q2 results align with internal expectations for 2025 revenu...Reuters
Wed, Aug 6
