News
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Cenovus to acquire MEG Energy in C$7.9 billion oil sands expansion deal
Deal tops Strathcona's C$6 billion offer, which was rejected by MEG's boardCombined production to exceed 720,000 barrels per dayStrathcona criticizes MEG board's decision, plans to engage shareholdersBy Vallari Srivastava and Amanda Stephenson Aug 22 (Reuters) - Canada's Cenovus...Reuters
13 hours ago
Euronext wheat slips back to lows as euro surges
PARIS/HAMBURG, Aug 22 (Reuters) - Euronext wheat futures fell on Friday, with benchmark prices equalling a contract low, as a jump in the euro against the dollar following remarks by the U.S. Federal Reserve's chief made European grain less competitive overseas.Prices were also consolidating aft...Reuters
13 hours ago
US tariffs behind surge in global arabica prices, Brazil exporters group says
By Roberto SamoraSAO PAULO, Aug 22 (Reuters) - The global arabica coffee market has surged in August with prices gaining more than 30% on the ICE exchange, driven mainly by steep tariff hikes from the United States, the head of Brazil's coffee exporters council, Cecafe, said on Friday.The 50% ta...Reuters
13 hours ago
North Dakota oil output to rise in August as operators return curtailed output, state regulator says
By Georgina McCartney HOUSTON, Aug 22 (Reuters) - Oil output in North Dakota is set to rise in August as operators bring back online some production they had curtailed after oil prices sank earlier in the year, the state regulator said on Friday.Oil prices fell to multi-year lows last quarter aft...Reuters
13 hours ago
FACTBOX-North American liquefied natural gas export projects
Aug 22 (Reuters) - The following table lists existing and proposed North American liquefied natural gas (LNG) export plants with future dates from energy companies or analysts' estimates. Plant capacities in million tonnes per annum (MTPA) of LNG and billions of cubic feet per day (BCFD) of ...Reuters
13 hours ago
US tariffs behind surge in global Arabica prices, Brazil exporters group says
By Roberto SamoraSAO PAULO, Aug 22 (Reuters) - The global arabica coffee market has surged in August with prices gaining more than 30% on the ICE exchange, driven mainly by steep tariff hikes from the United States, the head of Brazil's coffee exporters council, Cecafe, said on Friday.The 50% ta...Reuters
13 hours ago
US Plains HRW Wheat-Basis bids mostly unchanged on slow farmer sales, light demand
CHICAGO, Aug 22 (Reuters) - Spot basis bids for hard red winter wheat were mostly flat around the southern U.S. Plains on Friday on weak demand and slow farmer sales, grain merchants said.Most farmers have stored away the grain they did not sell during the harvest and are awaiting higher prices befo...Reuters
13 hours ago
CSX & BNSF Announce New Intermodal Services, Offering Seamless Coast-To-Coast Rail Solutions
Aug 22 (Reuters) - CSX Corp CSX.O:CSX, BNSF ANNOUNCE NEW INTERMODAL SERVICES, OFFERING SEAMLESS COAST-TO-COAST RAIL SOLUTIONSCSX CORP - NEW SERVICE BETWEEN PHOENIX AND ATLANTA TO CONVERT OTR FREIGHTReuters
14 hours ago
Italian court upholds arrest of Ukrainian man over Nord Stream pipeline
Court to reconvene on September 3 to consider extradition to GermanySuspect told court he was a former soldierArrest comes amid fraught negotiations to end Ukraine warBy Giulio Piovaccari MILAN, Aug 22 (Reuters) - An Italian appeals court on Friday confirmed the arrest of a Ukrainian man suspecte...Reuters
14 hours ago
North Dakota rig count at 29, steady compared with July, state regulator says
HOUSTON, Aug 22 (Reuters) - There are currently 29 active rigs in the state of North Dakota, steady compared with July, the state's regulator said on Friday. North Dakota is the third largest oil producing state.Reuters
14 hours ago
US natgas prices slide 2% on near-record output, ample gas in storage
Near-record output and ample storage pressure pricesLNG export flows increase as plants exit outagesWeather forecasts remain near-normal through early SeptemberBy Scott DiSavino Aug 22 (Reuters) - U.S. natural gas futures slid about 2% on Friday on near-record output, ample supplies of gas in sto...Reuters
14 hours ago
GRAINS-Soybeans extend gains to two-month peak; corn and wheat choppy
Soy rises on soyoil rally, hopes for Chinese demandCorn and wheat seesaw as supply comes into focusBy Heather Schlitz CHICAGO, Aug 22 (Reuters) - Chicago soybeans rose further on Friday to a two-month peak as brisk weekly exports, hopes that China will revert to buying U.S. crop and a rally in so...Reuters
14 hours ago
Chile's Codelco lowers production outlook, posts pre-tax profit dip
SANTIAGO, Aug 22 (Reuters) - Chile's Codelco [RIC:RIC:COBRE.UL], the world's largest copper producer, on Friday posted a pre-tax profit of $429 million for the first half of 2025, down 34% from the $653 million reported in the same period last year.The state-owned miner said its own output t...Reuters
14 hours ago
US EPA begins clearing backlog of oil refiner requests for biofuel rule waivers
By Jarrett RenshawWASHINGTON, Aug 22 (Reuters) - The U.S. Environmental Protection Agency on Friday began clearing a backlog of requests from small oil refineries for exemptions from the nation's biofuel laws, granting 63 and denying 28 of the them, with 77 receiving partial approvals.The approv...Reuters
14 hours ago
CORRECTED-European farmers facing higher costs after EU tariffs on Russian fertiliser imports
EU tariffs on Russian fertiliser imports started in JulyEU aiming to starve Moscow of export revenues to fund warTariffs can be postponed if prices rise too high, EU has saidRussia's Mazepin says European farmers will pay higher pricesBy Alexander Marrow LONDON, Aug 22 (Reuters) - EU tariffs ...Reuters
14 hours ago
REFILE-20 years after Katrina, hurricane risks to Gulf Coast rising, scientist warns
MUNICH, Aug 22 (Reuters) - The Gulf Coast of the United States is increasingly vulnerable to hurricanes, a scientist has warned in a new study, 20 years after Katrina devastated New Orleans and hundreds of miles of coastline.Mark Bove, a meteorologist with the German reinsurer Munich Re MUVGn.DE, wa...Reuters
14 hours ago
US Cash Grains-Soybean basis mixed as crusher demand slows, corn bids mostly flat
CHICAGO, Aug 22 (Reuters) - Spot basis bids for soybeans delivered to U.S. Midwest processors were mostly steady-to-lower on Friday on slowing demand, while bids at elevators were mostly unchanged-to-firmer, merchants said.Soy bids at processing plants have eased this week as several facilities are ...Reuters
15 hours ago
