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Historic drought, wheat shortage to test Syria's new leadership
Syria needs to import 53% more wheat in 2025/26 than in 2024/25No major wheat deals announced by new Syrian government yetWheat is Syria's top crop supporting a bread-subsidy programmeSyria experiencing worst drought since 1989, UN agencies sayRussia scales back wheat exports following Assad ous...Reuters
Mon, Aug 18
Stonepeak Launches Middle East Renewables Platform Wahajpeak
Aug 18 (Reuters) - STONEPEAK:STONEPEAK LAUNCHES MIDDLE EAST RENEWABLES PLATFORM WAHAJPEAKWAHAJPEAK WILL INVEST IN UTILITY-SCALE RENEWABLE ENERGY PROJECTS INCLUDING SOLAR, WIND, AND BATTERY STORAGE DEVELOPMENTS ACROSS GULF COOPERATION COUNCIL AND THE BROADER MIDDLE EASTWAHAJPEAK WILL BE LED BY MOTHAN...Reuters
Mon, Aug 18
Eletrobras partners with C3 AI to modernize Brazil's power grid
SAO PAULO, Aug 18 (Reuters) - Brazilian power company Eletrobras ELET3.SA has partnered with C3 AI AI.N to apply artificial intelligence to help operate the electric power transmission network in Latin America's largest economy, the two companies told Reuters on Monday.Eletrobras, Brazil's l...Reuters
Mon, Aug 18
Barter is back in Russia as one Chinese company seeks to navigate settlement issues
MOSCOW, Aug 18 (Reuters) - In Russia, barter is back for the first time since the chaos of the 1990s as settlement problems resulting from the conflict in Ukraine have forced at least one Chinese company to seek steel and aluminium alloys in exchange for engines.In the economic and political chaos w...Reuters
Mon, Aug 18
RPT-In Michigan’s cherry country, the federal safety net is fraying
Trump's policies impact Michigan cherry farmers' survivalAfter bad weather, USDA forecasts 41% tart cherry crop loss in MichiganVisa delays, ICE fears fuel farm labor shortagesBy P.J. Huffstutter CENTRAL LAKE, MICHIGAN, Aug 16 (Reuters) - The frost came in late April, sliding across the h...Reuters
Mon, Aug 18
Oil: Sanctions risk eases following Trump-Putin summit – ING
It’s unsurprising to see Oil trading lower this morning following the Trump-Putin summit in Alaska. While talks failed to secure a ceasefire, the tone and the absence of “severe consequences” for the lack of a truce, reduce, or at least delay, the risks of stricter sanctions.Fxstreet
Mon, Aug 18
TABLE-North Sea gas maintenance schedule: Adds UGS Bergermeer and Zeebrugge outages
Aug 18 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
Mon, Aug 18
Thungela expects industry-wide thermal coal output curbs due to weaker prices
Thungela's half-year profit plunges 80%Coal prices under pressure from renewables, weak global growth Aug 18 (Reuters) - Global thermal coal producers are expected to curtail output as low prices for the fossil fuel persist amid an uncertain economic outlook, South African coal miner Thungela...Reuters
Mon, Aug 18
UBS Lowers Brent Crude End-2025 And March 2026 Forecasts To $62/Bbl
Aug 18 (Reuters) - UBS:EXPECTS BRENT CRUDE OIL TO STAY IN A $60-70/BBL TRADING RANGE, BUT LOWERED ITS END-2025 AND MARCH 2026 FORECASTS TO $62/BBL ON A HIGHER SUPPLY FROM SOUTH AMERICA AND RESILIENT OUTPUT FROM SANCTIONED COUNTRIES, BEFORE EXPECTS PRICES TO PICK UP TO $65/BBL BY MID-2026Reuters
Mon, Aug 18
EUROPE GAS-Prices steady ahead of US-Ukraine meeting
LONDON, Aug 18 (Reuters) - Dutch and British wholesale gas prices were largely steady on Monday morning after talks in Alaska on Friday failed to secure a ceasefire and ahead of a meeting in Washington today between the United States and Ukraine and European leaders.U.S. President Donald Trump said ...Reuters
Mon, Aug 18
TECHNICALS-CBOT soybeans may fall toward $10.28-1/4
For more technical analyses, please click SINGAPORE, Aug 18 (Reuters) - The CBOT soybean November contract SX25 may break support at $10.36-1/2 per bushel and fall towards the next support at $10.28-1/4.The correction from $10.49-1/2 could consist of three waves. The current wave c is expected to tr...Reuters
Mon, Aug 18
Major hurricane Erin grows in size but forecast track still avoids direct land impact
By Scott VincentAug 17 - (The Insurer) - Hurricane Erin reintensified to Category 4 late on Sunday with the storm's maximum sustained winds rising to 130 mph (209 kph).In its 11 p.m. AST update (0300 GMT), the U.S. National Hurricane Center said Erin's forecast track continues to take it on ...Reuters
Mon, Aug 18
South Africa's Thungela half-year profit plunges 80% on weak coal prices
Aug 18 (Reuters) - South African thermal coal exporter Thungela Resources' TGAJ.J half-year profit fell 80% due to weaker prices for the fossil fuel, it said on Monday.Thungela posted headline earnings per share of 1.92 rand ($0.1093) rand in the six months to June 30, compared to 9.52 rand dur...Reuters
Mon, Aug 18
