News
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CBOT Trends-Wheat down 1-3 cents, corn up 2-6, soybeans up 6-10
CHICAGO, July 16 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday. WHEAT - Down 1 to 3 cents per bushelWheat futures ease on ample global supplies and sluggish demand.Russian...Reuters
Wed, Jul 16
Microsoft, US national lab tap AI to speed up nuclear power permitting process
By Stephen Nellis SAN FRANCISCO, July 16 (Reuters) - Microsoft and a U.S. national laboratory on Wednesday said they are partnering to examine how artificial intelligence could be used to speed up the process of compiling the documents needed to secure permits for new nuclear power plants.Microso...Reuters
Wed, Jul 16
Bahrain's Gulf Air Is Looking At About A Dozen Of Boeing's 787 Dreamliner In A Firm Order, With An Option To Buy More- Bloomberg News
July 16 (Reuters) - GULF AIR IS CONSIDERING THE PURCHASE OF AS MANY AS 20 ADDITIONAL AIRCRAFT- BLOOMBERG NEWSBAHRAIN'S GULF AIR IS LOOKING AT ABOUT A DOZEN OF BOEING CO.’S 787 DREAMLINER IN A FIRM ORDER, WITH AN OPTION TO BUY MORE- BLOOMBERG NEWSSource text: https://tinyurl.com/4cecs6tnReuters
Wed, Jul 16
RPT-BREAKINGVIEWS-Reliance walks fine line on Russia-US energy
By Shritama Bose MUMBAI, July 16 (Reuters Breakingviews) - India's largest company might help to grease its trade deal with the world's biggest economy. U.S. President Donald Trump's threat to impose secondary sanctions on buyers of Russian exports within 50 days may look awkward for ...Reuters
Wed, Jul 16
Gold Price Forecast: XAU/USD wobbles around 20-day EMA ahead of US PPI data
Gold price (XAU/USD) trades in a tight range around $3,335 during European trading hours on Wednesday. The precious metal consolidates as investors await the United States (US) Producer Price Index (PPI) data for June, which will be published at 12:30 GMT.
Fxstreet
Wed, Jul 16
High interest rates in Russia could prompt distressed asset M&A surge, study shows
By Elena Fabrichnaya MOSCOW, July 16 (Reuters) - Prolonged high interest rates in Russia may drive mergers and acquisitions of distressed assets, a study by leading law firms showed, though Western-led sanctions and a liquidity shortage among buyers are likely to restrain growth in deals for now....Reuters
Wed, Jul 16
PRECIOUS-Gold gains on softer dollar; US PPI data in focus
US PPI data due at 1230 GMTTrump sets 19% tariff on Indonesia goods in latest dealDollar down 0.1% against its peersBy Anushree Mukherjee July 16 (Reuters) - Gold gained on Wednesday on a softer dollar, while investors awaited more clarity on trade talks between the U.S. and its trading partners,...Reuters
Wed, Jul 16
Kazakhstan's largest oilfield has no plans for major maintenance in 2025, operator says
MOSCOW, July 16 (Reuters) - The Chevron-led Tengizchevroil (TCO) consortium has no plans for major maintenance this year at the Tengiz oilfield, Kazakhstan's largest, TCO told Reuters on Wednesday"Tengizchevroil (TCO) is not planning a major turnaround at Tengiz in 2025. TCO does not comment...Reuters
Wed, Jul 16
Venture Global to supply LNG to Italy's ENI from Calcasieu Pass 2
July 16 (Reuters) - Venture Global VG.N will supply 2 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from its Calcasieu Pass 2 project for 20 years to Italy-based Eni ENI.MI, the two companies said on Wednesday.Reuters
Wed, Jul 16
Eni, Venture Global Announce 20-Year LNG Sales, Purchase Agreement
July 16 (Reuters) - Eni SpA ENI.MI:ANNOUNCES 20-YEAR SALES AND PURCHASE AGREEMENT WITH VENTURE GLOBALTO BUY 2 MILLION TONNES PER ANNUM (MTPA) FOR 20 YEARS WITH OFFTAKE STARTING BY END OF DECADE FROM PHASE 1 OF CP2 LNGAGREEMENT IS ENI’S FIRST LONG TERM LNG SUPPLY FROM UNITED STATESFACILITY, WITH PEAK...Reuters
Wed, Jul 16
Bulgaria secures Citi to help finance nuclear expansion at Kozloduy site
July 16 (Reuters) - Bulgaria has secured a partnership with U.S. bank Citi C.N to finance the construction of nuclear power units at Kozloduy NPP, marking the country's largest energy project in decades, its energy ministry said on Wednesday.Energy Minister Zhecho Stankov held final talks in New...Reuters
Wed, Jul 16
WTI Oil dips further, approaching $65.00 on renewed fears about demand
Crude Oil Prices are trading lower for the third consecutive day on Wednesday as trade uncertainty, an unexpected increase in US stockpiles and the dwindling hopes of Fed cuts, following Tuesday’s US CPI data, have revived concerns about demand.The price of the US benchmark West Texas Intermediate (
Fxstreet
Wed, Jul 16
Trump tariffs send chill through Greek peach harvest
Greece is biggest exporter of tinned peaches, 20% go to USPeach industry fears US tariffs will dent demand With harvest underway little time to find alternative marketsBy Lefteris Papadimas NAOUSSA, July 16 (Reuters) - July is harvest time in Greece's northern peach orchards, where pickers mo...Reuters
Wed, Jul 16
FOCUS-How Canada's oil sands transformed into one of North America's lowest-cost plays
Canadian oil sands benefit from geology, technology, and cost-cutting measuresCanadian oil sands have lower break-even prices than U.S. shale producersTechnological advances improve efficiency and reduce costs in oil sands operationsBy Amanda Stephenson CALGARY, July 16 (Reuters) - Giant shovels,...Reuters
Wed, Jul 16
FOCUS-Why crypto giant Tether bought a South American farming company
Tether looking to boost use of its stablecoin in commodities trading'Tokenization' of agricultural commodities like sugar or corn a potential optionCompany to use biomass-generated electricity to power bitcoin miningBy Marcelo Teixeira NEW YORK, July 16 (Reuters) - Crypto powerhouse Tethe...Reuters
Wed, Jul 16
US grid operator PJM issues maximum generation alert for July 16
July 16 (Reuters) - PJM Interconnection has issued a "maximum generation alert" and a "load management alert" for July 16 to ensure the reliable delivery of electricity for customers across 13 states and the District of Columbia, it said on Tuesday.The alerts serve as a procedural st...Reuters
Wed, Jul 16
