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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.Merz also said that the agreed deal had to...Reuters
Fri, Aug 1
Chile's Codelco says it has yet to reach missing workers at El Teniente mine
SANTIAGO, Aug 1 (Reuters) - Chilean copper producer Codelco has still not had contact with five missing workers at El Teniente's Andesita unit following a seismic incident that killed one person, El Teniente's general manager Andres Music said on Friday. He added that the company expected af...Reuters
Fri, Aug 1
CBOT Trends-Wheat down 3-5 cents, corn steady-down 1, soybeans mixed
CHICAGO, Aug 1 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading on Friday. WHEAT - Down 3 to 5 cents per bushelWheat futures fell, pressured by ongoing winter harvests in the United States and across the globe.In Argentina, a major wheat exporte...Reuters
Fri, Aug 1
RPT-EXCLUSIVE-US sanctions force vessels with Russian oil to divert from India, sources say
By Nidhi Verma and Gleb Stolyarov NEW DELHI/MOSCOW, Aug 1 (Reuters) - At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed.The U.S. Treasury Department this week i...Reuters
Fri, Aug 1
EXCLUSIVE-US sanctions force vessels with Russian oil to divert from India, sources say
By Nidhi Verma and Gleb Stolyarov NEW DELHI/MOSCOW, Aug 1 (Reuters) - At least two vessels loaded with Russian oil bound for refiners in India have diverted to other destinations following new U.S. sanctions, trade sources said, and LSEG trade flows showed.The U.S. Treasury Department this week i...Reuters
Fri, Aug 1
International Petroleum Corp expected to post earnings of 6 cents a share - Earnings Preview
International Petroleum Corp IPCOR.ST is expected to show a fall in quarterly revenue when it reports results on August 5 for the period ending June 30 2025The Vancouver British Columbia-based company is expected to report a 27.1% decrease in revenue to $159.71 million from $219.04 million a yea...Reuters
Fri, Aug 1
NextDecade sets September for final investment decision on Rio Grande LNG Train 5
Aug 1 (Reuters) - U.S. liquefied natural gas developer NextDecade Corp NEXT.O said on Friday it was targeting mid-September for a final investment decision on Train 5 of its Rio Grande LNG project in Texas.The move follows its first long-term offtake deal for the fifth train and the execution of an ...Reuters
Fri, Aug 1
OPEC+ seen further raising oil production on Sunday, sources say
By Olesya Astakhova, Alex Lawler and Ahmad GhaddarMOSCOW/LONDON, Aug 1 (Reuters) - OPEC+ will likely approve another oil output hike on Sunday, sources familiar with the discussions said, adding that the producer group was still debating the final size of the increase for September.OPEC+, which pump...Reuters
Fri, Aug 1
Gold declines after unexpectedly hawkish Fed meeting – Commerzbank
The Gold price continued to decline following the US Federal Reserve meeting on Wednesday, temporarily dropping significantly below the $3,300 per troy ounce mark, Commerzbank's Head of FX and Commodity Research Thu Lan Nguyen notes.
Fxstreet
Fri, Aug 1
Chevron beats Wall Street profit estimates with record output
Adjusted earnings for quarter $1.77 per share versus $1.70 consensusGlobal production totaled record 3.4 million barrels of oil equivalent per dayCapital expenditure declined 7.5%By Sheila Dang HOUSTON, Aug 1 (Reuters) - Chevron CVX.N beat analyst estimates for second-quarter profit on Friday as ...Reuters
Fri, Aug 1
France's Engie optimistic on US renewables projects, after lower energy prices dent earnings
H1 EBIT excluding nuclear fell 9.4% from year earlierHigher gas distribution failed to offset lower energy sales pricesEngie to pursue existing projects in US, but more cautious on new FIDs, CEO saysBy America Hernandez PARIS, Aug 1 - French utility Engie ENGIE.PA plans to move forward with its e...Reuters
Fri, Aug 1
PRECIOUS-Gold gains on safe-haven demand, spotlight shifts to US jobs data
Trump hits dozens of countries with steep tariffsGold down 1.4% so far this weekSilver, platinum, palladium set for weekly lossesBy Anmol Choubey Aug 1 (Reuters) - Gold prices rose on Friday as investors turned to the safe-haven asset after United States President Donald Trump imposed fresh t...Reuters
Fri, Aug 1
Umicore sees no problem so far from China's curbs on critical minerals
By Dimitri Rhodes Aug 1 (Reuters) - Umicore UMI.BR said on Friday that China's curbs on exports of rare earths and other critical minerals had so far not disrupted operations of the group that recycles and refines metals in both China and Europe.Large amount of the materials Umicore refines ...Reuters
Fri, Aug 1
Gold Price Forecast: XAU/USD trades in tight range around $3,300 ahead of US NFP data
Gold price consolidates in a limited range around $3,300 during the late European trading session on Friday. The precious metal wobbles as investors await the United States (US) Nonfarm Payrolls (NFP) data for July, which will be published at 12:30 GMT.Fxstreet
Fri, Aug 1
AngloGold Ashanti raises dividend after 151% jump in second-quarter profit
Aug 1 (Reuters) - AngloGold Ashanti's AU.N, second-quarter profit jumped 151% on record gold prices and increased output, allowing the company to bump up its quarterly dividend, it said on Friday.The gold miner's headline earnings were $639 million in the three months to June ...Reuters
Fri, Aug 1
GRAINS-Chicago soybeans set for weekly loss on ample supply
BEIJING/PARIS, Aug 1 (Reuters) - Chicago 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.The most-active soybean contract on the Chicago Board of Trade Sv1 w...Reuters
Fri, Aug 1
Indian refineries under pressure for buying Russian oil – Commerzbank
US President Trump has threatened India with punitive tariffs of an unspecified amount on top of the general tariff rate of 25% for purchases of Russian weapons and Russian energy, Commerzbank's commodity analyst Barbara Lambrecht notes.Fxstreet
Fri, Aug 1
