News
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US natgas prices drift lower, focus on storage report
July 31 (Reuters) - U.S. natural gas futures drifted lower on Thursday and headed for a monthly decline on rising production and a cooler weather view, while market participants awaited a federal weekly storage report due later in the day. Front-month gas futures for September delivery NGc1 on the N...Reuters
Thu, Jul 31
CBOT Trends-Wheat down 1-3 cents, corn down 1-2, soybeans down 1-2
CHICAGO, July 31 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading on Thursday. WHEAT - Down 1 to 3 cents per bushelWheat futures pared losses as wheat crop forecasts in Ukraine and the European Union fell.Ukraine's 2025 grain harvest is like...Reuters
Thu, Jul 31
CORRECTED-ANALYSIS-US reversal on key climate finding spells uncertainty for business
By Valerie Volcovici WASHINGTON, July 30 (Reuters) - The Trump administration has billed its plan to undo U.S. climate regulation as a way to cut costs for industry, but it may backfire by forcing automakers, utilities, and manufacturers into a future of regulatory uncertainty and litigation risk...Reuters
Thu, Jul 31
Trump's watered-down copper tariffs crush Comex premium
Refined copper spared from US tariffs, surprising metals marketUS copper futures slump, unwind premium over global onesRush to deliver copper to the US ahead of August 1 is overMassive re-exports from the US stockpile unlikely in short term By Lewis Jackson and Polina Devitt BEIJING/LONDON, July ...Reuters
Thu, Jul 31
Indonesia may get tariffs below 19% from US for refined copper, chief economy minister says
July 31 (Reuters) - Indonesia may get tariffs below 19% from the U.S for its refined copper, Chief Economic Minister Airlangga Hartarto said on Thursday.There have been discussions about exemption proposals. Regarding crude palm oil, rubber, and copper and there will be an announcement from the Whit...Reuters
Thu, Jul 31
EXCLUSIVE-Indian state refiners pause Russian oil purchases, sources say
Refiners have not sought Russian crude for about a week-sourcesIndia bought more Russian oil after Russia's Ukraine invasionTrump has warned countries not to buy Russian oilBy Nidhi Verma NEW DELHI, July 30 (Reuters) - Indian state refiners have stopped buying Russian oil in the past week as ...Reuters
Thu, Jul 31
PPL misses quarterly profit estimates on higher operating costs
July 31 (Reuters) - Utility PPL PPL.N missed Wall Street estimates for second-quarter profit on Thursday, hurt by higher operating costs and interest expenses.More than 450,000 people in Pennsylvania were without power in April, after a storm system brought on severe weather to the central U.S., inc...Reuters
Thu, Jul 31
WRAPUP 1-European steelmakers warn of pressure on demand and pricing
Second quarter earnings mixed across the sectorCompanies warn tariffs could divert shipments to EuropeArcelorMittal sees more resilience in European demandArcelorMittal, Outokumpu, Aperam shares fallBy Anna Peverieri and Jagoda Darlak July 31 (Reuters) - ArcelorMittal MT.LU, Outokumpu OUT1V.HE an...Reuters
Thu, Jul 31
Sempra, Japan's JERA enter into 20-year LNG supply deal
July 31 (Reuters) - Sempra Infrastructure, a unit of U.S. energy company Sempra SRE.N, will supply 1.5 million tonnes of liquefied natural gas (LNG) per year to Japan's biggest power generator JERA in a 20-year deal, it said on Thursday.The LNG would be supplied from Sempra's Port Arthur LNG...Reuters
Thu, Jul 31
Trump's scrap copper quotas too small to shift the market
By Amy Lv, Lewis Jackson and Pratima Desai BEIJING/LONDON, July 31 (Reuters) - Proposed limits on U.S. scrap copper exports which aim to reduce reliance on overseas production of the metal, are unlikely to have much impact, analysts say, with exports already below the planned cap.Copper is a vita...Reuters
Thu, Jul 31
Polaris Renewable Energy Q2 revenue up 15% on Punta Lima Wind Farm acquisition, strong Peru conditions
OverviewPolaris Q2 rev rises 15% yr/yr, just beating analyst expectations, per LSEG dataAdjusted EBITDA for Q2 grows, reflecting improved operational efficiencyCo maintains quarterly dividend, ends Q2 with $90.7 mln cash positionOutlookCompany expects curtailment levels to persist for the rest of th...Reuters
Thu, Jul 31
MPLX to buy Northwind Midstream for $2.38 billion to expand Permian sour gas footprint
July 31 (Reuters) - MPLX LP MPLX.N said on Thursday it will acquire Northwind Midstream for $2.38 billion in cash to expand its sour gas gathering and processing footprint in the Permian Basin, as producers ramp up drilling in New Mexico.Northwind, backed by Five Point Infrastructure, operates in Le...Reuters
Thu, Jul 31
EU considers pooling demand from companies to buy more US gas
By Kate Abnett BRUSSELS, July 31 (Reuters) - The European Commission could pool demand from European companies to buy more U.S. liquefied natural gas, as part of its efforts to reach a pledge to buy $250 billion in U.S. energy per year, it said on Thursday.Under a framework trade deal the U.S. an...Reuters
Thu, Jul 31
Gold firms near $3,300 as trade woes resurface ahead of August 1 tariff deadline
Gold (XAU/USD) rebounds sharply on Thursday after falling to a one-month low of $3,268 on Wednesday, pressured by stronger-than-expected US data and the Federal Reserve’s (Fed) decision to keep interest rates unchanged.
Fxstreet
Thu, Jul 31
Sempra to supply LNG to Japan's JERA in 20-year contract
July 31 (Reuters) - Sempra Infrastructure, a unit of utility Sempra SRE.N, said on Thursday it has entered into a 20-year deal to supply 1.5 million tonnes per annum (Mtpa) of liquefied natural gas (LNG) to Japan's JERA.The LNG would be supplied from Sempra's Port Arthur LNG Phase 2 developm...Reuters
Thu, Jul 31
RPT-COLUMN-EU energy policy trapped between US gas and Chinese green tech: Bousso
EU reliance on US LNG has grown since Russian gas phase-outChina dominates EU's renewable energy supply chainEU trade deal with US sets unrealistic energy purchase targetBy Ron Bousso LONDON, July 31 - The European Union's lavish pledge to buy $750 billion of U.S. energy by 2028 risks exa...Reuters
Thu, Jul 31
RPT-BREAKINGVIEWS-US tariff keeps India in China plus one, for now
By Una Galani HONG KONG, July 31 (Reuters Breakingviews) - Donald Trump's shake-up of the world's China-plus-one trade is not creating any decisive winners or losers. The U.S. president's decision on Wednesday to impose a 25% tariff on imports from India is a blow to the South Asian c...Reuters
Thu, Jul 31
PRECIOUS-Gold rises over 1% as dollar rally pauses, trade jitters resurface
Trump announces tariffs on copper, Brazil, and small-value shipmentsGlobal gold demand up 3% in second quarter - WGC By Brijesh Patel July 31 (Reuters) - Gold price rose more than 1% on Thursday, moving away from the one-month low it touched in the previous session, as a pullback in the dollar an...Reuters
Thu, Jul 31
