News
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US Cash Crude-Grades fall as US crude, fuel stocks rise
July 15 (Reuters) - Grades fell on Tuesday after American Petroleum Institute data showed domestic crude and fuel stocks rose last week, dealers said.U.S. crude, distillate and gasoline stocks rose last week, market sources said, citing API figures.Crude stocks rose by 839,000 barrels in the week en...Reuters
Tue, Jul 15
New capacity fueling marine hull and machinery competition, says BMS
By Chris MunroJuly 15 - (The Insurer) - The marine hull and machinery market remains competitive with underwriters offering rate reductions to both blue and brown water business provided they have a clean loss history, according to a new report from BMS.Competition in the sector is rising further ow...Reuters
Tue, Jul 15
US farm agency ends program to support small businesses
By Leah Douglas WASHINGTON, July 15 (Reuters) - The U.S. Department of Agriculture said on Tuesday it would cut funding for a national network of centers that have supported thousands of small- and mid-sized farm and food businesses. The cuts are another hit to farmers from President Donald Trump...Reuters
Tue, Jul 15
US Cash Grains-Soybean basis mixed at processors, steady-firm at elevators
CHICAGO, July 15 (Reuters) - Spot basis bids for soybeans were mixed at U.S. Midwest processing plants on Tuesday and steady to firm at elevator locations, while corn basis bids were flat to weaker.Farmer selling remained light on Tuesday as futures prices hovered near recent lows amid strong corn a...Reuters
Tue, Jul 15
Nine Canadian First Nations launch constitutional challenge of major-projects legislation
By Anna Mehler Paperny TORONTO, July 15 (Reuters) - Nine First Nations have launched a constitutional challenge of recently passed legislation meant to fast-track major projects, arguing they violate the government's constitutional obligations to First Nations.The two new laws “represent a cl...Reuters
Tue, Jul 15
Severe storms in New York City area kill two in New Jersey floods
By Joseph Ax and Maria TsvetkovaNEW YORK, July 15 (Reuters) - Two people were killed in New Jersey during flash flooding as severe storms lashed the New York City area on Monday night into Tuesday, submerging cars and flooding subway stations.The intense rainfall caused widespread travel disruption ...Reuters
Tue, Jul 15
Trump joins tech and energy executives amid AI push
Trump and organizers announce some $90 bln in energy and data center investments in PennsylvaniaThe event comes as White House prepares executive orders to boost AI and data centersBig Tech is scrambling to access a strained national power grid to power the energy-guzzling data centers By Jarrett Re...Reuters
Tue, Jul 15
GRAINS-Corn futures edge up, soybeans sag on improving US crop ratings
By Tom Polansek CHICAGO, July 15 (Reuters) - Chicago Board of Trade corn futures extended slight gains on Tuesday as short covering and bargain buying continued to support a rebound from contract lows reached during the previous session.Soybean futures stumbled under pressure from improving U.S. ...Reuters
Tue, Jul 15
TABLE-Mexico's Pemex sets August Maya price for international buyers
July 15 - Mexican state oil company Pemex revised its August term pricing formulas for crude shipped to customers in the Americas, Europe and Asia, the company's trading arm said on Tuesday.The following table lists adjustments to price constants for Pemex's flagship Maya heavy crude oil, as...Reuters
Tue, Jul 15
Pentagon to keep investing in US critical minerals projects, defense official says
By Ernest Scheyder July 15 (Reuters) - The U.S. Department of Defense plans to continue investing in critical minerals projects to ensure a diverse American supply of the building blocks for weapons and many electronics, a defense official told Reuters on Tuesday.The Pentagon signed a multibillio...Reuters
Tue, Jul 15
ICE canola futures rebound on vegoil strength
LANGHAM, Saskatchewan, July 15 (Reuters) - ICE canola futures rebounded on Tuesday with general vegoils strength.• November canola RSX5 settled up $8.60 at $690.80 per metric ton. January RSF5 rose $8.00 to $698.90. • Traders are closely watching the Western Canadian weather. Canola crops are a mixe...Reuters
Tue, Jul 15
Venture Global proposes larger expansion at Plaquemines LNG facility, filing shows
By Curtis WilliamsHOUSTON, July 15 (Reuters) - Venture Global VG.N wants to expand its Plaquemines LNG export facility by 24.8 million metric tons per annum (mtpa), almost 6 mtpa more than it originally proposed just four months ago, according to a regulatory filing issued late on Monday.Venture Glo...Reuters
Tue, Jul 15
US natgas prices edge higher as traders eye warm weather forecast despite ample supply
NHC sees 40% chance of Gulf of Mexico storm over next weekWeather to remain hotter than normal through late JulyGas stockpiles seen around 6% over normal levels and growingBy Noel John and Scott DiSavino July 15 (Reuters) - U.S. natural gas futures rebounded to a near two-week high on Tuesday...Reuters
Tue, Jul 15
CBOT wheat sets two-week low as US harvest progresses
CHICAGO, July 15 (Reuters) - Chicago Board of Trade wheat futures touched a two-week low on Tuesday under pressure from U.S. harvests that were bringing in fresh supplies, analysts said.The nation's winter wheat harvest was 63% complete as of Sunday, with farmers in top-producing state Kansas 93...Reuters
Tue, Jul 15
Blackstone and US utility PPL to build gas power plants in JV partnership
By Laila Kearney, Sumit Saha July 15 (Reuters) - Pennsylvania electric and gas utility PPL PPL.N and Blackstone Infrastructure have formed a joint venture to build natural gas generation stations to power data centers under long-term energy services agreements, the companies said on Tuesday. "...Reuters
Tue, Jul 15
