News
Important Only
US gas producer CNX Resources boosts 2025 output estimate without extra spending
By Scott DiSavino July 24 (Reuters) - U.S. energy firm CNX Resources CNX.N said in its second quarter earnings that it plans to produce more natural gas this year than previously expected to meet growing demand while spending the same amount of money.Earlier this week, two other big U.S. gas prod...Reuters
Thu, Jul 24
Trump Administration Greenlights Chevron To Resume Pumping Oil In Venezuela- WSJ
July 24 (Reuters) - TRUMP ADMINISTRATION GREENLIGHTS CHEVRON TO RESUME PUMPING OIL IN VENEZUELA- WSJUNDER THE AGREEMENT WITH CHEVRON IN VENEZUELA, NO ROYALTIES OR TAXES WOULD GO TO THE MADURO REGIME- WSJSource text: https://tinyurl.com/yy7em3mdReuters
Thu, Jul 24
Canada's First Quantum to explore gold pre-payment deal from Zambian mines
By Divya Rajagopal TORONTO, July 24 (Reuters) - Canadian miner First Quantum Minerals FM.TO is exploring a gold pre-payment deal from its Zambian mines to boost its balance sheet, CFO Ryan MacWilliam told analysts on Thursday, as the company looks at new options to raise funds beyond a stake sale...Reuters
Thu, Jul 24
Europe Gasoline/Naphtha-Gasoline profit margins gain
LONDON, July 24 (Reuters) - Northwest European gasoline profit margins widened by about 67 cents on the day to $13.51 a barrel on Thursday while inventories in northwest Europe rose.A total of 6,000 metric tons of Eurobob E5 gasoline barges traded, below the previous session's liquidity. Trafigu...Reuters
Thu, Jul 24
METALS-U.S. copper falls after hitting record high
By Polina Devitt LONDON, July 24 (Reuters) - U.S. copper futures fell after hitting a record high on Thursday due to mounting uncertainty with just over a week left until the planned date for the U.S. import tariff on the metal.The most active COMEX copper futures HGc3 were down 0.5% at $5.7925 a...Reuters
Thu, Jul 24
Brazil's biggest conilon coffee cooperative to launch cocoa pilot project in Bahia state
By Oliver GriffinSAO PAULO, July 24 (Reuters) - Brazil's biggest conilon coffee cooperative, Cooabriel, is launching a cocoa pilot project in the country's Bahia state slated for September in collaboration with commodities powerhouse Cargill, it said in an interview this week.Cooabriel hopes...Reuters
Thu, Jul 24
Chevron tells Hess staff to focus on safety as they await job updates
By Sheila Dang HOUSTON, July 24 (Reuters) - Chevron CVX.N leaders told Hess employees to stay focused on safe operations and that they will hear next week if they will continue to have jobs following the oil producer's acquisition, according to two Hess employees who spoke with Reuters.Chevro...Reuters
Thu, Jul 24
EU wheat extends fall to one-week low
PARIS, July 24 (Reuters) - European wheat prices extended the previous session's fall on Thursday as ample supplies, thin demand and a high euro continued to weigh on prices.Benchmark September milling wheat BL2U5 on Paris-based Euronext, was down 1.50% by 1602 GMT to 196.50 euros ($231.22) a me...Reuters
Thu, Jul 24
Silver Price Forecast: XAG/USD eases as risk-on mood caps safe-haven flows
Silver (XAG/USD) edges lower on Thursday after marking a fresh 14-year high of $39.53 on Wednesday, as improving global trade sentiment boosted risk appetite and dented demand for traditional safe-haven assets like precious metals.
Fxstreet
Thu, Jul 24
Iran will defend right to enrich uranium in talks with E3, foreign minister says
DUBAI, July 24 (Reuters) - Iran will defend its nuclear rights including uranium enrichment in talks scheduled for Friday with France, Britain and Germany, Foreign Minister Abbas Araqchi said in a video carried by state media on Thursday. Araqchi said Iran has always been willing to advance its nucl...Reuters
Thu, Jul 24
U.S. Secretary Of Agriculture Brooke L. Rollins Announces Reorganization Of USDA
July 24 (Reuters) - USDA: USDA: U.S. SECRETARY OF AGRICULTURE BROOKE L. ROLLINS ANNOUNCED REORGANIZATION OF U.S. DEPARTMENT OF AGRICULTUREUSDA: PHASED PLAN TO RELOCATE MUCH OF AGENCY HEADQUARTERS & NCR STAFF OUT OF WASHINGTON, D.C. AREA TO FIVE HUB LOCATIONSUSDA: REORGANIZATION CONSISTS OF ELIMI...Reuters
Thu, Jul 24
US natural gas price volatility dropped in H1 2025, EIA says
July 24 (Reuters) - The average volatility of the benchmark Henry Hub natural gas front-month futures price fell in the first half of 2025, signaling greater market stability as storage levels of the fuel close in on the prior five-year average, the U.S. Energy Information Administration said in a n...Reuters
Thu, Jul 24
Valero to operate refineries up to 94% of combined total capacity in Q3 2025
NEW YORK, July 24 (Reuters) - U.S. crude oil refiner Valero Energy Corp VLO.N said on Thursday it plans to operate its 15 refineries up to 94% of their combined total complete throughput capacity of 3.2 million barrels per day (bpd) in the third quarter of 2025.Reuters
Thu, Jul 24
Trump tariffs wreaking havoc in Brazil's citrus belt
New levy could devastate Brazil's citrus industry, affecting farmers and productionU.S. consumers face higher orange juice prices due to dependency on BrazilBrazilian exporters have limited options if new U.S. tariff is enforcedBy Ana Mano SAO PAULO, July 24 (Reuters) - U.S. President Donald ...Reuters
Thu, Jul 24
Trump tariffs wreaking havoc in Brazil's citrus belt
New levy could devastate Brazil's citrus industry, affecting farmers and productionU.S. consumers face higher orange juice prices due to dependency on BrazilBrazilian exporters have limited options if new U.S. tariff is enforcedBy Ana Mano SAO PAULO, July 24 (Reuters) - U.S. President Donald ...Reuters
Thu, Jul 24
ARA oil product stocks fall to 17-month low, Insights Global data shows
LONDON, July 24 (Reuters) - Oil product stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell by more than 2% on the week to their lowest since February 2024, data from Dutch consultancy Insights Global showed on Thursday.Total stocks stood at 5.27 million ...Reuters
Thu, Jul 24
CenterPoint Energy ups capex plan by $500 million as US power demand grows
July 24 (Reuters) - U.S. electric and gas utility CenterPoint Energy CNP.N increased its 10-year capital spending plan by $500 million as it focuses on rising power demand, primarily in Texas, company executives said on Thursday.As AI data centers and the electrification of industries like transport...Reuters
Thu, Jul 24
Trafigura letter to Prateek Gupta's company warned about nickel cargoes, court document says
Trafigura has said its employees were unaware of the alleged fraudTrafigura and Citi declined to comment on ThursdayLetter allegedly warned banks would have questioned cargoes' journey timeBy Eric Onstad LONDON, July 24 (Reuters) - A letter sent by Trafigura to Prateek Gupta's company war...Reuters
Thu, Jul 24
USDA will relocate most Washington-area staff, farm secretary says
WASHINGTON, July 24 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said in a video to staff on Thursday that the agency would relocate much of its Washington, D.C., workforce to five regional hubs and vacate several buildings in the area, including its flagship research center.Reuters
Thu, Jul 24
New York's electric grid prepared to meet hot weather demand, operator says
July 24 (Reuters) - The New York Independent System Operator (NYISO) said on Thursday that it is prepared to meet power demand on Friday as a heat dome moving across the Southern states is expected to increase temperatures in its footprint.The forecasted baseline peak demand for Friday is 29,000 meg...Reuters
Thu, Jul 24
