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Texas Energy Fund loan agreement to fund 456 MW natural gas power plant in Houston, Texas Governor says
Aug 5 (Reuters) - Office of the Texas Governor:SAYS THE SECOND TEXAS ENERGY FUND (TEF) LOAN AGREEMENT WILL FUND A 456 MEGAWATT (MW) NATURAL GAS POWER PLANT IN HOUSTONSAYS THE PLANT, BEING BUILT BY NRG ENERGY INC. NRG.N, IS CURRENTLY SLATED TO BEGIN OPERATIONS BY SUMMER 2026 AND WILL SERVE THE ELECTR...Reuters
Tue, Aug 5
US natgas prices climb 3% on lower daily output, hot weather
Daily output drops to three-week low, impacting supplyLNG export feedgas increases after plant outages endGas stockpiles 7% above normal, expected to grow furtherBy Scott DiSavino Aug 5 (Reuters) - U.S. natural gas futures climbed about 3% on Tuesday, lifted by a drop in daily output, rising gas ...Reuters
Tue, Aug 5
CBOT wheat at contract lows on spillover weakness from corn
CHICAGO, Aug 5 (Reuters) - U.S. wheat futures plunged on Tuesday close to their lowest point since 2020 as sinking corn futures and seasonal supply pressure from Northern Hemisphere harvests weighed on the market, traders said.For spring wheat, the U.S. Department of Agriculture rated 48% of the cro...Reuters
Tue, Aug 5
CBOT corn hits contract lows on high yield projections
CHICAGO, Aug 5 (Reuters) - Chicago Board of Trade corn futures set fresh contract lows on Tuesday, with steady U.S. crop conditions and expectations of a bumper U.S. corn yield keeping market focus on ample supply.The U.S. Department of Agriculture on Monday reported that 73% of the corn crop was in...Reuters
Tue, Aug 5
BHP and Lundin will request Argentina incentives, but other miners fear missing out
By Lucila Sigal SAN JUAN, Argentina, Aug 5 (Reuters) - BHP BHP.AX and Lundin LUN.TO plan to soon apply for a new Argentine investment incentives scheme for their Vicuna copper project, but other miners fear they may get left out before the program's cut-off date a year from now, executives sa...Reuters
Tue, Aug 5
Health Rounds: Flu drug with compound found in chocolate tops Tamiflu in early study
By Nancy LapidAug 5 (Reuters) - Hello Health Rounds readers! Today we feature an exciting early laboratory study that could lead to a new way of targeting influenza and many other viruses. We also report on an encouraging update regarding colorectal cancer screenings for people under age 50. Experi...Reuters
Tue, Aug 5
Canada to give lumber industry up to C$1.2 billion in aid to cope with US duties
OTTAWA, Aug 5 (Reuters) - Canada will provide up to C$1.2 billion ($870 million) to help softwood lumber producers deal with U.S. countervailing and anti-dumping duties, Prime Minister Mark Carney said on Tuesday.Carney, speaking to reporters in the Pacific province of British Columbia, said Ottawa ...Reuters
Tue, Aug 5
PRECIOUS-Gold hits near 2-week peak, investors focus on Fed appointments
New US Fed appointments to be announced soon, says TrumpSpot silver at its highest since July 30 Platinum, palladium down over 1% eachBy Sarah Qureshi Aug 5 (Reuters) - Gold prices climbed to a near two-week high on Tuesday, supported by growing expectations of U.S. interest rate cuts, while inve...Reuters
Tue, Aug 5
US Cash Grains-Corn, soybean basis mixed at river terminals
CHICAGO, Aug 5 (Reuters) - Basis bids for soybeans and corn were mixed at river terminals around the U.S. Midwest on Tuesday. Soybean basis bids were steady to down at processors. The soybean basis fell at a river terminal in Savanna, Illinois. It rose at river terminals in Seneca, Illinois and Dave...Reuters
Tue, Aug 5
Brazilian mining sector H1 exports 192.5 mln tons, up 3.7% from a year ago - Ibram
Aug 5 (Reuters) - BRAZILIAN MINING SECTOR H1 REVENUE 139.2 BILLION REAIS, UP 7.5% FROM A YEAR AGO - LOBBY GROUP IBRAMBRAZILIAN MINING SECTOR H1 EXPORTS 192.5 MILLION METRIC TONS, 3.7% ABOVE A YEAR AGO - LOBBY GROUP IBRAMBRAZIL IRON ORE H1 EXPORTS 185.9 MILLION TONS, 3.8% ABOVE A YEAR AGO - LOBBY GRO...Reuters
Tue, Aug 5
Trump readies fresh sanctions against Russia's shadow fleet, FT reports
Aug 5 (Reuters) - U.S. President Donald Trump's administration is considering additional sanctions on Russia's 'shadow fleet' of oil tankers if President Vladimir Putin does not agree to a ceasefire in Ukraine by Friday, the Financial Times reported on Tuesday.Reuters could not immed...Reuters
Tue, Aug 5
Pipeline operator ONEOK greenlights new Delaware Basin gas plant
By Vallari Srivastava Aug 5 (Reuters) - Midstream company ONEOK OKE.N said on Tuesday it has made a final investment decision to build a new natural gas processing plant in the Delaware Basin, expanding its footprint in the top U.S. shale field as gas volumes surge.Over the past two years, the c...Reuters
Tue, Aug 5
GRAINS-Wheat, corn sink to contract lows as large supply weighs
Soy chops up and down as traders weigh demandRain eases concerns about Canada drynessBy Heather Schlitz CHICAGO, Aug 5 (Reuters) - Chicago wheat futures plunged to contract lows on Tuesday to approach their lowest since 2020 as sinking corn futures and seasonal supply pressure from Northern Hemis...Reuters
Tue, Aug 5
EU wheat gives back short-covering gains
PARIS, Aug 5 (Reuters) - Euronext wheat futures fell on Tuesday, giving back short-covering gains from the previous session, pressured by losses in Chicago and across financial markets.September milling wheat BL2U5 on Paris-based Euronext was down 1.7% at 194 euros ($224.69) a metric ton by 1615 GMT...Reuters
Tue, Aug 5
Chevron, Valero in talks to reactivate supply agreement on Venezuelan oil to US, sources say
By Marianna Parraga and Arathy Somasekhar HOUSTON, Aug 5 (Reuters) - Chevron CVX.N and Valero Energy VLO.N are working to resume supplies of Venezuelan crude to Valero's U.S. refineries under an agreement that was on pause, three sources close to the preparations said on Tuesday, following a ...Reuters
Tue, Aug 5
Europe Gasoline/Naphtha-Gasoline profit margins decrease
LONDON, Aug 5 (Reuters) - Northwest European gasoline profit margins were down by 27 cents to $14.04 a barrel on Tuesday.A 6,000 metric ton barge of Eurobob E5 gasoline traded, with TotalEnergies selling to Trafigura and Varo.An additional 4,000 tons of Eurobob E10 barges traded with TotalEnergies s...Reuters
Tue, Aug 5
US to initially impose 'small tariff' on pharma imports, Trump says
By Patrick Wingrove and Andrea Shalal WASHINGTON Aug 5 (Reuters) - President Donald Trump said on Tuesday that the United States would initially place a "small tariff" on pharmaceutical imports before hiking it to 150% within 18 months and eventually to 250% in an effort to boost domestic...Reuters
Tue, Aug 5
METALS-Copper slips after data shows jump in LME inventories
By Pratima Desai LONDON, Aug 5 (Reuters) - Copper prices eased slightly on Tuesday after data showed stocks had risen on the London Metal Exchange, while expectations of rate cuts in the United States and concern about possible disruption of supplies from Chile limited selling.Benchmark copper CM...Reuters
Tue, Aug 5
US EPA moves to cancel $7 billion in grants for solar energy, NYT reports
Aug 5 (Reuters) - The Trump administration is preparing to terminate $7 billion in federal grants intended to help low and moderate-income families install solar panels on their homes, the New York Times reported on Tuesday, citing two people briefed on the matter.The Environmental Protection Agency...Reuters
Tue, Aug 5
Chevron, Valero in talks to resume supply agreement of Venezuelan oil to US, sources say
HOUSTON, Aug 5 (Reuters) - Chevron CVX.N and Valero Energy VLO.N are working to resume a supply agreement of Venezuelan crude to be refined in the United States, three sources close to the preparations said on Tuesday, following a new license granted to the U.S. oil major.In the first quarter, befor...Reuters
Tue, Aug 5
