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EXPLAINER-How prepared are U.S. grid operators for extreme heat this summer?
By Kavya Balaraman Aug 1 (Reuters) - Grid operators across the U.S. are revamping their forecasting methods, introducing reforms to power markets and streamlining interconnection processes to quickly connect more energy to the grid, as a potent combination of extreme weather and data center growt...Reuters
Fri, Aug 1
Canada trade team could quit DC talks after Trump tariffs, says Carney adviser
By David LjunggrenOTTAWA, Aug 1 (Reuters) - The Canadian team working on a trade deal with the United States could walk away from talks in the wake of a U.S. decision to impose a 35% tariff on some goods from Canada, an adviser to Prime Minister Mark Carney said on Friday.Flavio Volpe, a member of C...Reuters
Fri, Aug 1
Trump's America First biodiesel policy could cost US companies, consumers, trade groups warn
Proposed rule could increase RIN and fuel prices, study findsUS net short on yellow grease, tallow, and canola oilADM, Bunge, Cargill may see negative effects from global operationsBy Stephanie Kelly and Jarrett Renshaw NEW YORK, Aug 1 (Reuters) - The Trump administration's push to discourage...Reuters
Fri, Aug 1
Enbridge sees strong demand for more oil pipeline capacity from Canada to US Gulf
Flanagan South pipeline expansion oversubscribed, indicating strong demandEnbridge plans final investment decision on Mainline expansion by year-endCanadian oil shipments to US exempt from tariffsBy Amanda Stephenson and Pooja Menon Aug 1 (Reuters) - Canadian pipeline operator Enbridge ENB.TO, E...Reuters
Fri, Aug 1
Silver rebounds after weak US jobs report fuels Fed rate cut speculation
Silver (XAG/USD) reverses early losses on Friday and climbs back above the $36.50 mark, buoyed by a broad-based sell-off in the US Dollar (USD) after the latest Nonfarm Payrolls (NFP) report surprised to the downside.
Fxstreet
Fri, Aug 1
METALS-US copper stabilises, retains premium over global benchmark
By Polina Devitt LONDON, Aug 1 (Reuters) - U.S. copper prices stabilised on Friday after the biggest one-day decline on record the previous day as the market continued to assess a surprise move by U.S. President Donald Trump to exclude refined metal from 50% import tariffs.U.S. September Comex co...Reuters
Fri, Aug 1
US LNG exports surge in July, LSEG data show
US exports in July close to recordExports to Latin America increaseLNG prices in both Asia and Europe fall in JulyBy Curtis Williams HOUSTON, Aug 1 (Reuters) - Exports of U.S. liquefied natural gas (LNG) jumped to 9.1 million metric tons (MT) in July, marking a sharp increase from June as some pl...Reuters
Fri, Aug 1
Codelco reduces El Teniente copper extraction after accident
SANTIAGO, Aug 1 (Reuters) - Chilean miner Codelco has reduced copper extraction operations at its flagship El Teniente mine after a fatal accident but is still operating its concentrator and smelter, union leader Amador Pantoja told Reuters on Friday.A collapse on Thursday killed one worker and left...Reuters
Fri, Aug 1
Chevron's exports of Venezuelan oil expected to resume this month, CEO says
HOUSTON, Aug 1 (Reuters) - U.S. oil producer Chevron CVX.N expects its exports of Venezuelan crude to the U.S. to resume this month, the company's chief executive said on Friday, following a restricted license received this week from the U.S. Treasury Department to operate in the sanctioned coun...Reuters
Fri, Aug 1
ANALYSIS-Trump's 50% Brazil coffee tariff expected to rejig trade, send more beans to China
China and EU may benefit from Brazil's coffee trade shiftTraders may seek stopovers to send Brazilian coffee to US and avoid tariffTariff seen as political move amid US-Brazil tensionsBy Marcelo Teixeira NEW YORK, Aug 1 (Reuters) - The Trump administration's steep import tariff on Brazili...Reuters
Fri, Aug 1
EU wheat falls amid wider global market selloff, supply pressure
PARIS/HAMBURG, Aug 1 (Reuters) - European wheat prices fell on Friday, tracking a broader downturn across global markets, as new U.S. tariffs on dozens of trading partners, including the European Union, added to market nerves.Benchmark September milling wheat BL2U5 on Paris-based Euronext was down 0...Reuters
Fri, Aug 1
Exxon beats profit estimates, eyes acquisition opportunities
Q2 oil and gas output at highest in more than 25 yearsLow production costs cushion impact of price fallExxon is searching for M&A dealsBy Sheila Dang HOUSTON, Aug 1 (Reuters) - Exxon Mobil XOM.N beat Wall Street estimates for second-quarter profit on Friday as higher oil and gas output and lo...Reuters
Fri, Aug 1
US cancels $26 million grant for long-stalled high-speed rail project
WASHINGTON, Aug 1 (Reuters) - The U.S. Transportation Department said Friday it is cancelling $26 million in grants for a long-delayed proposed high-speed rail project between Washington and Baltimore.USDOT said it was rescinding funds for the proposed $20 billion Baltimore-Washington Superconductin...Reuters
Fri, Aug 1
Evolutionary origins of the potato revealed - and a tomato was involved
Natural hybridization event occurred 9 million years agoInterbreeding involved tomato and a potato-like speciesStudy analyzed genomes from cultivated and wild potatoesBy Will Dunham WASHINGTON, Aug 1 (Reuters) - The potato is one of the world's food staples, first cultivated thousands of year...Reuters
Fri, Aug 1
OPEC+ expected to raise oil production further on Sunday, sources say
Talks continue on size of hike, sources sayGoldman Sachs expects OPEC+ eight to add 0.55 mbpd in SeptVirtual meeting starts at 11:00 GMT on SundayBy Olesya Astakhova, Ahmad Ghaddar and Dmitry ZhdannikovMOSCOW/LONDON, Aug 1 (Reuters) - Eight OPEC+ members will likely approve another oil output hike o...Reuters
Fri, Aug 1
Brazil Oil, Gas Production Hits 4.90 Million Boed In June
Aug 1 (Reuters) - ANP:BRAZIL OIL AND GAS PRODUCTION HITS 4.90 MILLION BOED IN JUNE BRAZIL OIL PRODUCTION HITS 3.757 MILLION BPD IN JUNE, +10.1% VERSUS PREVIOUS YEARBRAZIL NATURAL GAS PRODUCTION HITS 181.64 MILLION CUBIC METERS/DAY IN JUNE, +20.9% VERSUS PREVIOUS YEARReuters
Fri, Aug 1
Germany's Merz: will negotiate steel export quotas with US
BERLIN, Aug 1 (Reuters) - German Chancellor Friedrich Merz on Friday said the European Union will negotiate with the United States on steel, focusing on quotas that can be exported without too high tariffs, after the two sides struck a trade deal last month.The EU's trade deal with Trump in July...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 were down 0.6% at $3.09 per millio...Reuters
Fri, Aug 1
