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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
Spain's Cox buys Iberdrola's Mexican assets in $4.2 billion deal
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, Iberdrola said on Thursday.Iberdrola controls six wind parks and three solar parks in Mexico, according to its...Reuters
Thu, Jul 31
METALS-US copper tumbles on tariff news, LME erodes on tepid demand
By Eric Onstad LONDON, July 31 (Reuters) - U.S. copper prices registered the biggest one-day decline on record on Thursday as investors scrambled to adjust positions after a surprise move by U.S. President Donald Trump to exclude widely traded refined metal from 50% import tariffs. "The impac...Reuters
Thu, Jul 31
Med crude-Urals differentials stable, Indian state refiners pause Russian oil purchases
MOSCOW, July 31 (Reuters) - Urals crude differentials to dated Brent were stable on Thursday, while Indian state oil refiners made a pause in purchases of Russian oil, sources said. Indian state refiners have stopped buying Russian oil in the past week as discounts narrowed this month and U.S. P...Reuters
Thu, Jul 31
Freeport LNG gas flows still curtailed after power outage, LSEG data show
By Curtis WilliamsJuly 31 (Reuters) - The Freeport LNG export terminal in Texas was running at about half of normal capacity on Thursday following a power interruption that had put the entire plant offline a day earlier, according to data from financial firm LSEG.Freeport LNG is the third-largest li...Reuters
Thu, Jul 31
GRAINS-Soy futures set April low on good US crop weather, slow China demand
By Tom Polansek CHICAGO, July 31 (Reuters) - Chicago Board of Trade soybean futures fell on Thursday to their lowest level since April on beneficial U.S. crop weather and poor demand from China, analysts said.Soymeal and wheat futures set contract lows, under pressure from plentiful supplies.The ...Reuters
Thu, Jul 31
TIMELINE-Trump's trade war: Tariff deadlines and key upcoming events
July 31 (Reuters) - The twists and turns in U.S. President Donald Trump's tariff policies have not only rattled global financial markets but also taken investors on a roller-coaster ride.Adding to the uncertainty are tariff-related legal challenges and Trump's assertion that he will hammer o...Reuters
Thu, Jul 31
PREVIEW-Exxon, Chevron profits to drop to lowest point since pandemic, analysts say
OPEC+ output raises pressure on crude prices, affecting profitsExxon Q2 earnings to drop 27% from year-ago quarterChevron's production hit by Colorado blowout, Israel shutdownChevron's acquisition of Hess to yield $1 bln in cost synergiesBy Sheila Dang HOUSTON, July 31 (Reuters) - Top U.S...Reuters
Thu, Jul 31
CK Hutchison-operated Panama ports could be taken over by state partnerships, president says
By Elida Moreno PANAMA CITY, July 31 (Reuters) - Public-private partnerships could take over two key ports near the Panama Canal if courts invalidate a contract with Hong Kong-based CK Hutchison's 0001.HK to operate them, Panama's President Jose Raul Mulino said on Thursday. CK Hutchis...Reuters
Thu, Jul 31
EU wheat eases in subdued trade
PARIS/HAMBURG, July 31 (Reuters) - European wheat futures fell slightly on Thursday, tracking a similar trend in Chicago as markets waited for clearer signals on global supply prospects, notably in Europe and the Black Sea.Benchmark September milling wheat BL2U5 on Paris-based Euronext, was down 0.4...Reuters
Thu, Jul 31
Shell CFO says LNG Canada is loading one cargo a week; ramp-up stable
By Shadia Nasralla and Marwa RashadLONDON, July 31 (Reuters) - Shell-led SHEL.L LNG Canada is loading about one cargo a week, Shell's finance chief Sinead Gorman told reporters on Thursday after Reuters reported technical problems at Canada's first major liquefied natural gas export project,...Reuters
Thu, Jul 31
One of Freeport LNG's train remains down after power trip, LSEG data
July 31 (Reuters) - At least one plant, also called a train, at Freeport LNG remained shut down on Thursday following a power interruption that resulted in the entire plant being taken offline Wednesday, according to data from financial firm LSEG.The company says it had to shut all three trains afte...Reuters
Thu, Jul 31
TC Energy raises full-year core profit forecast on natural gas and power demand
CEO says customers report need for more data-centre powerTC Energy sees greatest opportunity in the USShares rise slightly after higher earnings forecastBy Amanda Stephenson July 31 (Reuters) - Canadian pipeline operator TC Energy TRP.TO raised its full-year adjusted earnings forecast on Thursday...Reuters
Thu, Jul 31
ARA gasoil stocks fall to lowest since December 2023, Insights Global data shows
LONDON, July 31 (Reuters) - Gasoil product stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell nearly 1.3% on the week to their lowest since December 2023, data from Dutch consultancy Insights Global showed on Thursday.Gasoil stocks, which include diesel,...Reuters
Thu, Jul 31
EXPLAINER-What impact will US plans to restrict copper scrap exports have?
By Pratima Desai LONDON, July 31 (Reuters) - The United States is planning to restrict scrap copper exports from 2027, requiring that at least 25% of so-called “high-quality” scrap be retained for domestic use. In the near-term the measure is unlikely to have much impact as the U.S. already consu...Reuters
Thu, Jul 31
Brazil to seek US tariff cut on coffee exports, VP Alckmin says
SAO PAULO, July 31 (Reuters) - Brazilian Vice President Geraldo Alckmin said on Thursday the government will work to convince the U.S. to lower tariffs on Brazilian coffee exports, which were hit by a steep increase to 50% from 10%.Speaking on TV Globo's "Mais Voce" morning show, Alckmin...Reuters
Thu, Jul 31
COLUMN-Copper market pays the price for forgetting its TACO hedge: Andy Home
By Andy Home LONDON, July 31 (Reuters) - The copper market got the tariff right but the products wrong. U.S. President Donald Trump's proclamation "to address the effects of copper imports on America's national security" was not what traders were expecting. There will be 50% tarif...Reuters
Thu, Jul 31
EU wine, spirits to face 15% US tariff from August 1, EU says
Talks aimed at reducing US tariffs to continue, EU diplomat saysEU wine producers warn of significant losses due to tariffsUS spirits industry calls on Trump to secure zero tariffs to EUBy Jan Strupczewski and Julia Payne BRUSSELS, July 31 (Reuters) - European wine and spirits will face a 15% U.S...Reuters
Thu, Jul 31
Albemarle CEO: Lithium Demand Continues To Grow Strongly
Albemarle Corp ALB.N:ALBEMARLE CEO KENT MASTERS: EXPECTS LOW LITHIUM PRICES TO PERSIST FOR REMAINDER OF YEARALBEMARLE CEO: LITHIUM DEMAND CONTINUES TO GROW STRONGLYALBEMARLE CEO: LITHIUM DEMAND STRONG OWING TO STATIONARY BATTERY STORAGE AND EV MARKETSALBEMARLE CEO: CONTINUE TO EXPECT IMPACT OF U.S. ...Reuters
Thu, Jul 31
Coffee prices rise as US imposes tariffs on top exporter Brazil
By May Angel LONDON, July 31 (Reuters) - Arabica coffee prices rose on Thursday but gains were muted overall as traders continued to hold out hope that the United States could exempt coffee from its 50% trade tariff on most Brazilian goods.U.S. President Donald Trump on Wednesday slapped the ...Reuters
Thu, Jul 31
