News
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Chevron's exports of Venezuelan oil expected to resume this month, CEO says
New model to include royalties in kind from crude output or diluent imports PDVSA's European partners await authorized to resume operationsRebound to volumes earlier this year not seen soon, analyst saysBy Sheila Dang, Marianna Parraga and Arathy Somasekhar HOUSTON, Aug 1 (Reuters) - Chevron ...Reuters
Fri, Aug 1
Oil falls $2 a barrel on worries about OPEC+ supply, US jobs data
Oil prices head for weekly gainUS tariffs on dozens of countries take effect on August 1Investors weigh impact from Trump threats over Russian oilBy Erwin Seba HOUSTON, Aug 1 (Reuters) - Oil prices $2 a barrel on Friday because of jitters about a possible increase in production by OPEC and it...Reuters
Fri, Aug 1
ICE canola futures fall with vegoils, lack of crop news
WINNIPEG, Manitoba, August 1 (Reuters) - ICE canola futures fell in lockstep with Chicago soyoil, with little canola-specific news to spur independent action.• November canola RSX5 settled down $12.90 at $682.50 per metric ton. January RSF6 settled down $13.70 at $693.80. Losses were heaviest for No...Reuters
Fri, Aug 1
WTI retreats from $70 peak, tests key support as geopolitical tensions escalate
West Texas Intermediate (WTI) Crude Oil is under pressure heading into the weekend, with the price sliding over 3% on Friday to trade near $66.70, pulling back from its highest level near $70 since June 23, reached on Wednesday.
Fxstreet
Fri, Aug 1
US wheat futures set contract lows on ample world inventories
CHICAGO, Aug 1 (Reuters) - U.S. wheat futures slid to contract lows on Friday due to plentiful global supplies, analysts said.New U.S. tariffs on dozens of trading partners made traders nervous at a time when harvests in the Northern Hemisphere were boosting inventories.French farmers had harvested ...Reuters
Fri, Aug 1
US natgas prices tick lower on less hot forecasts
Aug 1 (Reuters) - U.S. natural gas futures fell on Friday on forecasts for less hot weather in the coming weeks than previously expected, which should reduce demand for the fuel.Front-month gas futures for September delivery NGc1 on the New York Mercantile Exchange settled 0.7% lower at $3.08 per mi...Reuters
Fri, Aug 1
Democrats decry extra US scrutiny of solar, wind projects on public lands
By Timothy Gardner WASHINGTON, Aug 1 (Reuters) - Four Democratic U.S. senators on Friday slammed last month's directive by Interior Secretary Doug Burgum requiring his office to review decisions on every wind and solar power project on federal lands, saying it will lead to delays and discoura...Reuters
Fri, Aug 1
CBOT soybeans end flat, post weekly loss on poor Chinese demand
CHICAGO, Aug 1 (Reuters) - Chicago Board of Trade soybean futures finished flat on Friday as poor Chinese demand and expectations for a large U.S. crop hung over the market, traders said.The market posted its second consecutive weekly loss.U.S. crop conditions remain mostly favorable at the start of...Reuters
Fri, Aug 1
Chile's Codelco postpones financial results due to El Teniente accident
SANTIAGO, Aug 1 (Reuters) - Chile's state-run miner Codelco on Friday said it will postpone the release of its second quarter results, initially planned for Friday morning, due to an accident at El Teniente mine. The company said it will announce a new release date at a later time.Reuters
Fri, Aug 1
GRAINS-Soybean futures set for weekly loss on ample supply
By Tom Polansek CHICAGO, Aug 1 (Reuters) - Chicago Board of Trade soybean futures edged higher on Friday but stayed on track for a second consecutive weekly decline as ample global supplies, favourable U.S. weather and weak Chinese demand pressured prices.U.S. farmers are expected to harvest bump...Reuters
Fri, Aug 1
Construction costs rise at Canada's Woodfibre LNG project
By Amanda StephensonCALGARY, Aug 1 (Reuters) - Construction costs at Canada's Woodfibre LNG project have increased, driving up capital costs for all partners involved, Canadian pipeline company Enbridge ENB.TO reported on Friday. The Woodfibre LNG project is a 2.1-million tonne liquefied natural...Reuters
Fri, Aug 1
CBOT corn sags on expectations for bumper US harvest
CHICAGO, Aug 1 (Reuters) - Chicago Board of Trade corn futures ended lower on Friday under pressure from forecasts for a record U.S. harvest, traders said.Consultancy StoneX is slated to release its first official yield estimates for the year on Monday.The U.S. Department of Agriculture is due to up...Reuters
Fri, Aug 1
US cancels environmental review, grants for long-stalled high-speed rail project
By David Shepardson WASHINGTON, Aug 1 (Reuters) - The U.S. government said on Friday it canceled an environmental review of a long-delayed proposed high-speed rail project between Washington and Baltimore, and scrapped $26 million in grants, effectively ending the project.The Transportation Depar...Reuters
Fri, Aug 1
PRECIOUS-Gold rises nearly 2% as US payrolls data boosts rate cut hopes
Markets expect two interest rate cuts in 2025Trump issues new tariffs on Brazil, India, Canada and TaiwanSilver, platinum and palladium set for weekly lossesBy Sarah Qureshi Aug 1 (Reuters) - Gold prices rose almost 2%, hitting a one-week high, on Friday after weaker-than-expected U.S. payrolls d...Reuters
Fri, Aug 1
US Cash Grains-Soybean basis steady to weaker at elevators, processors, river terminals
CHICAGO, Aug 1 (Reuters) - Basis bids for soybeans were flat to lower at elevators, processors and river terminals in a spot check of facilities in the U.S. Midwest on Friday, as some locations rolled to the November contract and some buyers had acquired adequate supplies until the harvest. The soy...Reuters
Fri, Aug 1
Canada's Imperial Oil posts lower quarterly profit; announces first production from renewable diesel plant
Imperial Oil's profit hit by lower crude prices, refinery throughputImperial started up Strathcona renewable diesel facility in second quarterUncertainty over hydrogen supply to affect renewable diesel ramp-up speedBy Amanda Stephenson and Katha Kalia Aug 1 (Reuters) - Canadian oil producer ...Reuters
Fri, Aug 1
Europe Gasoline/Naphtha-Gasoline profit margins rise
LONDON, Aug 1 (Reuters) - Northwest European gasoline profit margins rose $1.17 to $14.69 a barrel on Friday due to better demand and lower stockpiles. A total of 10,200 metric ton barge of Eurobob E5 gasoline traded, with TotalEnergies and Exxon selling to Trafigura, MB Energy and Varo.An additiona...Reuters
Fri, Aug 1
