News
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OPEC ready to offset any shortage in the oil market after US sanctions on Russia
KUWAIT, Oct 23 (Reuters) - OPEC is ready to offset any shortage in the oil market by rolling back its output cuts, as signs show demand is shifting to the Gulf and Middle East after the United States hit Russian oil majors with fresh sanctions, Kuwait's oil minister Tariq Al-Roumi told reporter...Reuters
Thu, Oct 23
US DFC in talks with Argentina about critical minerals deals
LONDON, Oct 23 (Reuters) - The U.S. government's flagship development agency is in talks with Argentina's government about strategic investments in critical minerals and infrastructure that could also lower the South American country's debt profile.The U.S. International Development Fina...Reuters
Thu, Oct 23
NEMO Industries Announces Plans to Develop $3 Billion NEMO Ironworks I, Phase One of the World’s Most Efficient Pig Iron Facility, in Ascension Parish, Louisiana
Oct 23 (Reuters) - NEMO INDUSTRIES: ANNOUNCED ITS PLANS TO DEVELOP A $3 BILLION PROJECT ON WEST BANK OF MISSISSIPPI RIVER IN ASCENSION PARISH, LOUISIANANEMO INDUSTRIES: HOPES TO INVEST AN ADDITIONAL $5 BILLION ACROSS TWO ADDITIONAL PHASES, FOR A TOTAL CAPITAL INVESTMENT OF $8 BILLION OVER 15 YEARSReuters
Thu, Oct 23
Freeport LNG export plant in Texas on track to take in more natgas on Thursday after unit outage
Freeport LNG's Train 2 shut due to compressor issueGas flows to Freeport expected to rise to 1.9 bcfdFreeport's operations impact global gas pricesOct 23 (Reuters) - U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Thursd...Reuters
Thu, Oct 23
Coffee Prices Hit Record High on Brazil’s Tariffs and Critical Supply Shortages
TradingKey - Driven by U.S. tariffs of up to 50% on Brazil and persistent drought conditions in Brazil, coffee prices have surged over 55% since their July lows, reaching a new all-time high on October 23. The sustained surge in coffee prices is primarily driven by mounting challenges in Brazil ...TradingKey
Thu, Oct 23
CBOT Trends-Wheat, corn steady to up 1 cent, soy up 3-4 cents
CHICAGO, Oct 23 (Reuters) - 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 Thursday.NOTE: The U.S. government remains shut down, suspending many government reports. WHEAT - Flat to up 1 ce...Reuters
Thu, Oct 23
Neste Extends Partnership With United Airlines On SAF
Oct 23 (Reuters) - Neste Oyj NESTE.HE:EXTENDS PARTNERSHIP WITH UNITED AIRLINES TO BRING SUSTAINABLE AVIATION FUEL (SAF) TO THREE MAJOR US AIRPORTSSource text: https://www.neste.com/news/neste-extends-partnership-with-united-airlines-to-bring-sustainable-aviation-fuel-saf-to-three-major-us-airportsReuters
Thu, Oct 23
Trump raising Argentina beef tariff rate quota to 80,000 metric tons
WASHINGTON, Oct 23 (Reuters) - U.S. President Donald Trump's administration said on Thursday it was raising the tariff rate quota on Argentinian beef to 80,000 metric tons to reduce prices and protect American farmers, a White House official said.Reuters
Thu, Oct 23
EXCLUSIVE-China state oil majors suspend Russian oil buys due to sanctions, sources say
US sanctions hit Moscow's two largest oil companiesIndia poised to sharply cut Russian oil importsBy Chen Aizhu, Florence Tan and Siyi Liu SINGAPORE, Oct 23 (Reuters) - Chinese state oil majors have suspended purchases of seaborne Russian oil after the United States imposed sanctions on Rosne...Reuters
Thu, Oct 23
Bulgarian fuel supplies secure after Lukoil sanctions, PM says
SOFIA, Oct 23 (Reuters) - Bulgaria has secured enough fuel supplies to meet demand even though Russia's Lukoil LKOH.MM, which runs the country's biggest refinery, has been hit by U.S. sanctions, Prime Minister Rosen Zhelyazkov said on Thursday.U.S. President Donald Trump imposed sanctions on...Reuters
Thu, Oct 23
RPT-Freeport LNG export plant in Texas on track to take in more natgas on Thursday after train outage
Oct 23 (Reuters) - U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Thursday, in a sign that a liquefaction train that shut on Wednesday was likely back in service, according to data from financial firm LSEG and a company filing ...Reuters
Thu, Oct 23
GRAINS-Soybeans and corn hold firm with sanctions and trade talks in focus
PARIS/BEIJING, Oct 23 (Reuters) - Chicago soybean and corn futures extended gains on Thursday to reach one-month highs, spurred by a jump in crude oil following U.S. sanctions on Russia's two biggest oil firms along with hopes for progress in U.S.-Chinese trade talks.Wheat also edged up, with ne...Reuters
Thu, Oct 23
EXPLAINER-Russia, at war, faces double trouble: Trump ultimatum and a hit to oil sales to India
US imposes sanctions on Russia's Rosneft and LukoilMove could force Russia to offer deeper discountsIndian buyers set to slash orders, industry sources say By Guy Faulconbridge, Alexander Ershov and Vladimir Soldatkin MOSCOW, Oct 23 (Reuters) - Russia, the world's second largest oil expor...Reuters
Thu, Oct 23
Freeport LNG export plant in Texas on track to take in more natgas on Thursday after train outage
Oct 23 (Reuters) - U.S. liquefied natural gas company Freeport LNG's export plant in Texas was on track to take in more natural gas on Thursday, in a sign that a liquefaction train that shut on Wednesday was likely back in service, according to data from financial firm LSEG and a company filing ...Reuters
Thu, Oct 23
CenterPoint beats profit estimates on industrial power demand, regulatory recovery
Oct 23 (Reuters) - U.S. utility CenterPoint Energy CNP.N on Thursday posted a higher-than-expected third-quarter profit, driven by regulatory recovery and rising industrial demand, including new AI data center loads in Houston, Texas.The industrial throughput in its Houston Electric segment has rise...Reuters
Thu, Oct 23
Freeport-McMoRan beats third-quarter profit estimates
Oct 23 (Reuters) - Miner Freeport-McMoRan FCX.N beat Wall Street estimate for third-quarter profit on Thursday, as higher copper prices helped offset lower production after force majeure at its Grasberg mine in Indonesia.The company reported an adjusted profit of 50 cents per share for the three mon...Reuters
Thu, Oct 23
Mexico hopes to eradicate screwworm with new sterile fly plant
Mexico plant to fight screwworm outbreak to be ready in July 2026Sterile flies are released to stop parasite spreadUS invests $21 million in screwworm eradication effortUS border remains closed to Mexican cattleBy Daniel Becerril METAPA, Mexico, Oct 23 (Reuters) - Deep in the humid lowlands of so...Reuters
Thu, Oct 23
Google backs US gas power plant with carbon capture for Midwest data centers
By Laila Kearney NEW YORK, Oct 23 (Reuters) - Google GOOGL.O has entered into the first corporate agreement to buy electricity from a U.S. power plant using carbon capture and storage in a deal to help fuel its data centers in the country's Midwest region, the technology company said on Thurs...Reuters
Thu, Oct 23
