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GRAINS-Soybean futures head for 3% weekly gain on US weather worries, soyoil rally
Soyoil sets contract high for second dayTraders watch for heat to threaten US cropsUS expected to produce bumper soy, corn harvestsBy Tom Polansek CHICAGO, July 18 (Reuters) - Chicago Board of Trade soybean futures rose for a third straight session on Friday as worries emerged about the risk for ...Reuters
Fri, Jul 18
US drillers add oil/gas rigs for first time in 12 weeks, Baker Hughes says
By Scott DiSavino July 18 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for the first time in 12 weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, rose by seven, its...Reuters
Fri, Jul 18
Trump tariffs force Greek olive oil producers to seek new markets
By Deborah Kyvrikosaios and Lefteris PapadimasVARVASAINA, July 18 (Reuters) - Greek olive oil producer Konstantinos Papadopoulos wasted little time when the threat of U.S. tariffs was floated by President Donald Trump in the spring. He immediately started looking for alternative buyers around the wo...Reuters
Fri, Jul 18
What's in the EU's 18th sanctions package against Russia?
By Kate Abnett, Enes Tunagur and Milan Strahm BRUSSELS, LONDON July 18 (Reuters) - Here are the details of the European Union's 18th package of sanctions against Russia over its war in Ukraine, approved on Friday and aimed at dealing further blows to Russia's oil and energy industry.OIL P...Reuters
Fri, Jul 18
Europe Gasoline/Naphtha-Gasoline profit margins rise
LONDON, July 18 (Reuters) - Northwest European gasoline profit margins rose by nearly a dollar a barrel on Friday to $14.30 after the European Union announced its 18th sanctions package against Russia which includes measures aimed at dealing further blows to Russia's oil and energy industries.A ...Reuters
Fri, Jul 18
Ambani's Reliance tops profit estimates on asset sale gains
Other income quadruplesJio Platforms EBITDA up 23.9%oil-to-chemicals segment EBITDA up 10.8%By Chandini Monnappa and Sethuraman N R July 18 (Reuters) - Indian billionaire Mukesh Ambani's Reliance Industries RELI.NS reported a better-than-expected 78% surge in first-quarter profit on Friday, d...Reuters
Fri, Jul 18
EXCLUSIVE-US firms to develop Syria energy masterplan after Trump lifts sanctions
Argent LNG, Baker Hughes, Hunt Energy form coalition for Syria energy masterplanMasterplan includes oil, gas exploration and power generationSyria's energy infrastructure needs billions in investmentFocus on areas west of Euphrates under Syrian government controlBy Timour Azhari DAMASCUS, Jul...Reuters
Fri, Jul 18
India criticises EU sanctions on Russia that include Gujarat refinery
July 18 (Reuters) - India said it did not support "unilateral sanctions" by the EU, after Brussels imposed penalties on Russia that included a Rosneft ROSN.MM oil refinery in the western Indian state of Gujarat.The "Government of India considers the provision of energy security a respons...Reuters
Fri, Jul 18
METALS-Copper hits one-week high on Chinese buying, hopes for trade deal
By Eric Onstad LONDON, July 18 (Reuters) - Copper climbed to its strongest in more than a week on Friday, driven by Chinese buyers, hopes for a U.S.-China trade deal, and higher risk appetite among other investors. Three-month copper on the London Metal Exchange CMCU3 gained 1.1% to $9,777 per me...Reuters
Fri, Jul 18
EU's new Russia sanctions aim for more effective oil price cap
EU sanctions target Russian energy and financial sectorsEU tries to cap Russian oil at 15% below market priceConcerns remain over enforcement and impact on Russian oil exportsBy Andrew Gray and Lili Bayer BRUSSELS, July 18 (Reuters) - The European Union on Friday agreed an 18th package of sanctio...Reuters
Fri, Jul 18
INSTANT VIEW-Analysts on Chevron winning arbitration over Exxon in Hess deal
July 18 (Reuters) - Chevron CVX.N closed its $55 billion acquisition of Hess HES.N on Friday after winning a landmark legal battle against larger rival Exxon Mobil XOM.N to gain access to the biggest oil discovery in decades - the Stabroek Block off the coast of Guyana, which holds more than 11 bil...Reuters
Fri, Jul 18
KoBold Metals, backed by Bezos and Gates, secures deal for disputed Congo lithium deposit
Congo supports KoBold to resolve Manono mining rights dispute involving AVZ MineralsKoBold's exploration licenses deadline set for July 31 DAKAR, July 18 (Reuters) - KoBold Metals, the mining company backed by U.S. billionaires Jeff Bezos and Bill Gates, has signed an agreement with the Dem...Reuters
Fri, Jul 18
MMLS Units At Elba Plant Should Be Back Up By Weekend, Kinder Morgan Says
July 18 (Reuters) - KINDER MORGAN: GEORGIA ELBA LNG PLANT IS EXPERIENCING SCHEDULED MAINTENANCE FOR A SYSTEM UPGRADEMOVEABLE MODULAR LIQUEFACTION SYSTEM (MMLS) UNITS AT GEORGIA ELBA LNG PLANT SHOULD BE BACK UP BY THE WEEKENDReuters
Fri, Jul 18
EU wheat tracks Chicago rally with weather and exports in focus
PARIS, July 18 (Reuters) - Euronext wheat rose on Friday, tracking a sharp rebound in Chicago while traders assessed the ongoing harvest in Europe and early-season export prospects.September wheat BL2U5, the most-active position on Euronext, was up 1.0% at 201.50 euros ($234.71) a metric ton by 1458...Reuters
Fri, Jul 18
US Cash Grains-Corn, soybean basis mostly flat as futures rise
CHICAGO, July 18 (Reuters) - Spot basis bids for corn and soybeans delivered to U.S. Midwest processing plants and interior elevators were mostly steady on Friday, capped by higher futures prices ahead of the weekend.Farmer sales of both commodities have been slow this week as cash prices are hoveri...Reuters
Fri, Jul 18
Kinder Morgan Elba LNG export plant in Georgia starts to take in natgas, LSEG data shows
July 18 (Reuters) - U.S. energy firm Kinder Morgan's KMI.N Elba Island liquefied natural gas export plant in Georgia was on track to take in a small amount of natural gas on Friday, a sign it could be exiting a two-day maintenance outage, data from LSEG showed.Data from the financial firm said t...Reuters
Fri, Jul 18
INSTANT VIEW-Analysts on Chevron winning arbitration over Exxon in Hess deal
July 18 (Reuters) - Chevron CVX.N will proceed with its $53 billion acquisition of Hess HES.N after it prevailed in a landmark legal battle against larger rival Exxon Mobil XOM.N to gain access to the largest oil discovery in decades off the coast of Guyana.KIM FUSTIER, HEAD OF EUROPEAN OIL & GA...Reuters
Fri, Jul 18
Talen Energy rises on deal to buy power stations for $3.5 billion
July 18 (Reuters) - ** Shares of power producer Talen Energy TLN.O rise 21.2% to $320.7** Company said on Thursday it is acquiring two power plants in Pennsylvania and Ohio for $3.5 billion ** Talen expects the move to boost the company's cash flow by over 40% in 2026** It will pay $1.46 billion...Reuters
Fri, Jul 18
PREVIEW-US steelmakers eye mixed second quarter despite tariff-led price spikes
Nucor sees profit above estimates due to higher selling pricesSteel Dynamics expects lower profit due to inventory overhangHigher prices due to tariffs expected to benefit earnings in Q3By Aatreyee DasguptaJuly 18 (Reuters) - Top U.S. steelmakers' second-quarter fortunes are likely to be a mixed...Reuters
Fri, Jul 18
