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Oil steady after big gains on Trump's Russia ultimatum
By Colleen Howe BEIJING, July 30 (Reuters) - Oil prices ticked up in early trading on Wednesday after rising more than 3% in the previous session as potential supply shortages came into focus after U.S. President Donald Trump gave Moscow an abbreviated deadline toward ending the war in Ukraine.Br...Reuters
Wed, Jul 30
WTI climbs above $68.50 as Trump raises pressure on Russia
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $68.75 during the Asian trading hours on Wednesday. The WTI climbs to the highest levels in over a month amid growing concerns over global supply risks.
Fxstreet
Wed, Jul 30
PRECIOUS-Gold holds steady ahead of Fed policy statement
July 30 (Reuters) - Gold prices steadied on Wednesday as investors held back on making big bets ahead of the Federal Reserve's policy statement later in the day for cues into future rate cuts, while focus remained on U.S. trade talks ahead of the August 1 deadline.FUNDAMENTALS* Spot gold XAU= wa...Reuters
Wed, Jul 30
RPT-EXCLUSIVE-Shippers ask to end contracts with Russian-backed refiner Nayara, sources say
India's Seven Islands, GESCO seek release of ships, sources sayNayara trims refinery runs on storage constraints, sources sayHPCL diverts vessel from Vadinar to Mangalore, sources sayIndia is top importer of seaborne Russian crudeBy Nidhi Verma and Mohi Narayan NEW DELHI, July 29 (Reuters) - ...Reuters
Wed, Jul 30
Oil prices rally on US pressure on Russia, trade deal optimism
Brent, WTI hit highest since June 20US to start impose tariffs and other measures on Russia ten days from today, Trump saysChina could face high tariffs if Beijing continued its Russian oil purchasesUS crude stockpiles rose by 1.54 million barrels last week - APIBy Nicole Jao NEW YORK, July 29 (RReuters
Wed, Jul 30
LIVESTOCK-US cattle futures hit fresh highs on tight supplies, beef demand
By Julie Ingwersen CHICAGO, July 29 (Reuters) - Chicago Mercantile Exchange live cattle futures rose to life-of-contract highs on Tuesday as tight supplies, firm cash cattle markets and resilient consumer beef demand continued to lend support, brokers said.CME August live cattle futures LCQ25 set...Reuters
Wed, Jul 30
Petrobras' oil output rises 7.6% in Q2 boosted by production vessels ramp-up
By Fabio Teixeira and Marta Nogueira RIO DE JANEIRO, July 29 (Reuters) - Brazilian state-run oil firm Petrobras PETR4.SA produced 2.32 million barrels of oil per day in Brazil during the second quarter, it reported on Tuesday, marking a 7.6% rise over the same period last year, as new production ...Reuters
Tue, Jul 29
EXCLUSIVE-Shell-led LNG Canada faces problems as it ramps up production, sources say
First major LNG export facility in Canada faces startup challengesWestern Canadian gas prices remain low despite LNG Canada startupLNG Canada expects export pace to increase after initial break-in periodBy Marwa Rashad, Curtis Williams and Amanda Stephenson LONDON/HOUSTON/CALGARY, July 29 (Reuter...Reuters
Tue, Jul 29
Trump's EPA targets key health ruling underpinning all US greenhouse gas rules
Repeal to end limits on vehicle and power plant emissions, hinder future US climate effortsEPA's action marks largest deregulatory move in US historyProposal could save $54 bln annually by repealing standards -Zeldin Environmental groups predict legal challenges to the proposalFinding upheld in ...Reuters
Tue, Jul 29
Nissan To Integrate Vehicle Production From Civac Plant To Aguascalientes Complex In Mexico
July 30 (Reuters) - Nissan Motor Co Ltd 7201.T:NISSAN TO INTEGRATE VEHICLE PRODUCTION FROM CIVAC PLANT TO AGUASCALIENTES COMPLEX IN MEXICONISSAN: TO STOP PRODUCTION AT CIVAC PLANT BY THE END OF FISCAL YEAR 2025Reuters
Tue, Jul 29
ANALYSIS-Indonesia nickel slump piles pressure on coal miners hit by falling exports
Indonesia coal exports down 12.6% y/y by volume, Kpler saysNickel smelters' coal-fired power demand to peak in 2026, ICMA forecastsTop miners' shares fall by 1% to 18% this year, underperforming marketBy Sudarshan Varadhan, Fransiska Nangoy and Hongmei Li SINGAPORE/JAKARTA, July 30 (Reute...Reuters
Tue, Jul 29
Petrobras posts Q2 oil and gas output up nearly 8% from year earlier
SAO PAULO, July 29 (Reuters) - Brazilian state-run oil firm Petrobras PETR4.SA reported on Tuesday a total oil, gas and gas liquids production of 2.91 million barrels of oil equivalent per day (boed) in the second quarter, up 7.8% from a year earlier.Reuters
Tue, Jul 29
Mondelez beats second-quarter estimates on strong international demand
By Neil J Kanatt July 29 (Reuters) - Cadbury-parent Mondelez International MDLZ.O beat Wall Street estimates for second-quarter revenue and profit on Tuesday, supported by steady consumer demand for its higher-priced chocolates and biscuits, particularly in international markets including Europe....Reuters
Tue, Jul 29
US Cash Crude-Grades mixed as WTI/Brent spread stays range-bound
July 29 (Reuters) - U.S. cash crude grades were mixed on Tuesday, dealers said, as the spread between U.S. West Texas Intermediate crude and Brent remained range-bound. Key grade WTI Midland traded at parity, while Mars Sour WTC-MRS firmed 30 cents. The discount between U.S. crude and Brent crude oi...Reuters
Tue, Jul 29
GRAINS-US corn, soy futures extend slide on milder weather forecasts
By Julie Ingwersen CHICAGO, July 29 (Reuters) - Chicago corn and soybean futures fell on Tuesday for a third straight session as forecasts for cooler Midwest temperatures this week and continued periodic rains reinforced expectations for ample U.S. harvests, analysts said.Wheat futures fell to tw...Reuters
Tue, Jul 29
Canada says Australia has re-opened market access for beef and beef products
OTTAWA, July 29 (Reuters) - Australia has lifted a 22-year-old ban on the import of Canadian beef and beef products, the Canadian Food Inspection Agency said on Tuesday, a move that brings relief to farmers but is unlikely to spur major new sales.Australia imposed import restrictions on Canadian bee...Reuters
Tue, Jul 29
Algoma Steel Q2 revenue falls; suspends quarterly dividend pay
OverviewAlgoma Steel Q2 revenue falls to C$589.7 mln from C$650.5 mln year agoNet loss of C$110.6 mln, compared to net income of C$6.1 mln year agoAdjusted EBITDA loss of C$32.4 mln, down from C$37.7 mln profitAlgoma suspends quarterly dividend amid market uncertaintyOutlookCompany expects EAF proje...Reuters
Tue, Jul 29
US natgas producer Expand Energy reports quarterly profit on higher output and prices
July 29 (Reuters) - Expand Energy EXE.O reported a second-quarter profit on Tuesday, compared with a year-earlier loss, as it benefited from higher output and stronger commodity prices, sending the U.S. natgas producer's shares up over 2% after the bell.Formerly called Chesapeake Energy, Expand ...Reuters
Tue, Jul 29
Mexico exports 39% less crude oil in June, lowest level in decades
By Ana Isabel MartinezMEXICO CITY, July 29 (Reuters) - Mexican state company Pemex exported 39% less crude oil year-over-year in June, reaching the lowest level in decades, official data showed, as processing at local refineries and fuel production increased significantly.It exported 458,103 barrels...Reuters
Tue, Jul 29
