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Oil prices fall as Trump's Aug 1 trade tariff deadline looms
Trump's August 1 tariff deadline loomsTrump says Mexico trade deal extended for 90 daysMarket awaiting more clarity after Trump tariff threatsHigher US crude stocks were unexpectedDecline in gasoline stocks reflects driving season demandBy Georgina McCartney HOUSTON, July 31 (Reuters) - Oil p...Reuters
Thu, Jul 31
Chicago wheat futures hit lows amid supply surplus
CHICAGO, July 31 (Reuters) - Chicago Board of Trade wheat futures dropped to contract lows during the session Thursday, as pressure from plentiful supplies continued to weigh on prices, market analysts said.CBOT September soft red winter wheat WU25 ended down 1/2 cent at $5.23-1/4 per bushel. Earlie...Reuters
Thu, Jul 31
Chicago corn futures climb amid technical buying, short-covering
CHICAGO, July 31 (Reuters) - Chicago Board of Trade corn futures turned higher on Thursday, supported by technical buying and short-covering at month's end, traders said.CBOT September corn CU25 closed 2-1/4 cents higher at $3.94 per bushel, while the most-active December contract CZ25 finished ...Reuters
Thu, Jul 31
US natural gas prices settle up but post big monthly decline
July 31 (Reuters) - U.S. natural gas futures rose on Thursday but settled at a monthly loss due to rising output and a slightly cooler weather outlook.Front-month gas futures for September delivery NGc1 on the New York Mercantile Exchange settled 2% higher at $3.11 per million British thermal units....Reuters
Thu, Jul 31
US Cash Grains-Corn, soybean basis steady to weaker at river terminals, processors, ethanol plants
CHICAGO, July 31 (Reuters) - Basis bids for corn and soybeans were mostly steady to lower at elevators, processors and river terminals in a spot check of facilities in the U.S. Midwest on Thursday, with some farmers clearing out old crops and softer export demand, according to analysts. The corn bas...Reuters
Thu, Jul 31
Boeing Has Resumed Contract Talks With Leaders Of The Union In The St. Louis Area- Bloomberg News
July 31 (Reuters) - BOEING HAS RESUMED CONTRACT TALKS WITH LEADERS OF THE UNION REPRESENTING SOME 3,200 FACTORY WORKERS IN THE ST. LOUIS AREA- BLOOMBERG NEWSSource text: [https://tinyurl.com/mva2cpuk]Reuters
Thu, Jul 31
Gold price rebounds ahead of NFP despite firm USD, Fed hold
Gold prices recovered on Thursday after the Federal Reserve (Fed) held rates unchanged, as the August 1 trade deadline imposed by US President Donald Trump looms. The Greenback remains steady on a tranche of good economic data, though the XAU/USD trades at $3,296, gaining 0.61%.
Fxstreet
Thu, Jul 31
PRECIOUS-Safe-haven gold gains on tariff uncertainty ahead of August 1 deadline
U.S-Mexico trade deal extended by 90-daysUS inflation up 0.3% in JuneUS NFP data due on FridaySilver, palladium and platinum at multi-week lowsBy Sarah Qureshi and Noel John July 31 (Reuters) - Gold prices rose on Thursday as traders turned to the safe-haven asset amid ongoing tariff uncertainty ...Reuters
Thu, Jul 31
PPL and Blackstone data center joint-venture secures land as demand grows
By Laila Kearney NEW YORK, July 31 (Reuters) - PPL Corp's PPL.N joint-venture with Blackstone to build power plants for Big Tech data centers has secured land and is in discussions with potential customers, gas pipeline companies and turbine manufacturers, executives with the company said on ...Reuters
Thu, Jul 31
US oil output rose to a record in May, EIA data shows
NEW YORK, July 31 (Reuters) - U.S. crude oil production rose to a record 13.49 million barrels-per-day in May, even as oversupply concerns pushed prices for the commodity to four-year lows, data from the U.S. Energy Information Administration showed on Thursday.U.S. President Donald Trump has repeat...Reuters
Thu, Jul 31
FERC staff recommend final environmental approval for Rio Grande LNG project
July 31 (Reuters) - Staff at the Federal Energy Regulatory Commission have recommended Next Decade's Rio Grande LNG project in Brownsville, Texas, receive its final environmental approval, a document showed.The recommendation is a major step forward for the company as it pursues the 18 million m...Reuters
Thu, Jul 31
Spain's Cox buys Iberdrola's Mexican assets in $4.2 billion deal
By Pietro Lombardi MADRID, July 31 (Reuters) - Spanish water and renewable energy company Cox COXGA.MC has agreed to buy Iberdrola's IBE.MC assets in Mexico in a deal valuing the business at $4.2 billion including debt, the companies said on Thursday.The deal is part of Cox's strategy to ...Reuters
Thu, Jul 31
Copper trade on Comex halted Wednesday after tariff-related price plunge
By Pratima DesaiLONDON, July 31 (Reuters) - Copper trading on Comex was halted on Wednesday, the exchange said, reflecting the magnitude of the price plunge of more than 20% in an hour after the U.S. announced its decision not to apply tariffs on imports of the metal.Copper HGc2 traded on Comex, par...Reuters
Thu, Jul 31
Top Senate Democrat criticizes Union Pacific deal to buy Norfolk Southern
By David Shepardson WASHINGTON, July 31 (Reuters) - Senate Democratic leader Chuck Schumer on Thursday criticized Union Pacific's UNP.N plan to acquire Norfolk Southern NSC.N in a $85 billion deal that would create the first U.S. coast-to-coast freight rail operator as a move toward monopoly....Reuters
Thu, Jul 31
Westwin Elements Entered Into Two Seven-Year Sales & Purchase Agreements With Traxys
July 31 (Reuters) - Westwin Elements: WESTWIN ELEMENTS: ENTERED INTO TWO LANDMARK SEVEN-YEAR SALES & PURCHASE AGREEMENTS (SPAS) WITH TRAXYSWESTWIN ELEMENTS: FIRST AGREEMENT VALUED AT APPROXIMATELY $1.4 BILLION USD DEPENDING ON MARKET PRICINGWESTWIN ELEMENTS: TRAXYS AGREED TO USE BEST EFFORTS TO ...Reuters
Thu, Jul 31
Exelon says potential data center demand is more than 30 gigawatts
By Laila Kearney July 31 (Reuters) - Major U.S. electricity utility Exelon EXC.O has 33 gigawatts of data center customers interested in connecting to its system, as the company explores its options for adding new power supplies to meet the explosion of demand, company executives said on Tuesday....Reuters
Thu, Jul 31
Europe Gasoline/Naphtha-Gasoline profit rises on lower inventories
LONDON, July 31 (Reuters) - Northwest European gasoline profit margins rose 85 cents to $13.02 a barrel on Thursday, buoyed by stockdraws on both sides of the Atlantic. A single 2,000 metric ton barge of Eurobob E5 gasoline traded, with Trafigura selling to BP.An additional 11,000 tons of Eurobob E1...Reuters
Thu, Jul 31
US oil output rose to fresh record in May, EIA data shows
NEW YORK, July 31 (Reuters) - U.S. crude oil production rose to a record 13.49-million-barrels-per-day in May, even as oversupply concerns pushed prices for the commodity to four year lows, data from the U.S. Energy Information Administration showed on Thursday.U.S. crude output was up 24,000 bpd in...Reuters
Thu, Jul 31
FERC staff recommend final environmental approval for Next Decade's Rio Grande LNG project
July 31 (Reuters) - Next Decade's Rio Grande LNG project in Brownsville, Texas has been recommended to receive its final environmental approval by the staff of the Federal Energy Regulatory Commission (FERC), a document showed.FERC staff on Thursday recommended approval of the project, saying it...Reuters
Thu, Jul 31
