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EXCLUSIVE-Crescent Energy nears deal for US shale peer Vital Energy, sources say
By Shariq Khan and David FrenchNEW YORK, Aug 22 (Reuters) - Crescent Energy CRGY.N is in advanced talks to acquire smaller peer Vital Energy VTLE.N, people familiar with the matter said on Friday, in a deal that will bolster the energy producer's position in the Permian Basin.Terms of the combin...Reuters
Fri, Aug 22
LIVESTOCK-Cattle futures bounce on tight supply, steady demand
By Heather Schlitz CHICAGO, Aug 22 (Reuters) - Chicago Mercantile Exchange cattle futures closed higher on Friday as a tight supply of cattle, higher boxed beef prices and resilient consumer demand for beef propelled futures higher, analysts said.CME October live cattle futures LCV25 rose 3.15 ce...Reuters
Fri, Aug 22
Starbucks Throttles Operations At US Coffee Plants To Curb Costs - Bloomberg News
Aug 23 (Reuters) - STARBUCKS THROTTLES OPERATIONS AT US COFFEE PLANTS TO CURB COSTS - BLOOMBERG NEWSSTARBUCKS' FIVE COFFEE PLANTS IN THE US WILL ADOPT THE NEW FIVE-DAY SCHEDULE IN JANUARY - BLOOMBERG NEWSSource text: https://tinyurl.com/27nj5l2qReuters
Fri, Aug 22
Elliott, Gold Reserve affiliates work on offers for Citgo parent as bidding end looms
Gold Reserve's Dalinar Energy has offered $7.4 billionElliott's Amber Energy August offer includes $5.86 billion to creditors, $2.86 billion to bondholdersBy Marianna Parraga HOUSTON, Aug 22 (Reuters) - A U.S. court officer is preparing to recommend a winner in an auction for shares of Ci...Reuters
Fri, Aug 22
EXCLUSIVE-Trump plans to make Cold War-era plutonium available for nuclear power
Radioactive, fissile plutonium from Cold War a headache for USUS wants to halt disposal of it, use 20 metric tons for fuelTrump administration sees it as potential fuel for new reactorsCritic points out similar program failed due to costs By Timothy Gardner WASHINGTON, Aug 22 (Reuters) - The Tru...Reuters
Fri, Aug 22
CSX-BNSF railroad pact lessens expectations of quick merger, analysts say
BNSF-CSX disclose new East-West routes Analysts see low apetite from BNSF to rush into a mergerCSX shares drop 3.6% after announcementBy Sabrina Valle Aug 22 (Reuters) - CSX CSX.O and Berkshire Hathaway BRKa.N-owned BNSF on Friday announced new coast-to-coast services, a move that strengthens the...Reuters
Fri, Aug 22
Putin sees 'light at end of the tunnel' in Russia-US ties, cooperation in Arctic and Alaska
By Anastasia Lyrchikova and Dmitry AntonovMOSCOW, Aug 22 (Reuters) - President Vladimir Putin said on Friday that there was "light at the end of the tunnel" in Russia-U.S. relations and that the two countries were discussing joint projects in the Arctic and Alaska.The Russian president, answ...Reuters
Fri, Aug 22
US Dept of Energy grants Lake Charles LNG more time to start exports
Aug 22 (Reuters) - The U.S. Department of Energy said on Friday it had granted Energy Transfer ET.N additional time to start exports from the Lake Charles LNG facility under its non-Free Trade Agreement export permit."On the heels of President Trump’s historic trade negotiations, demand for secu...Reuters
Fri, Aug 22
ICE canola futures close up for both day and week
WINNIPEG, Manitoba, Aug 22 (Reuters) - ICE canola futures ended up on Friday and rose slightly from where they closed last week, with soyoil's surge pulling up other vegoils.• November canola RSX5 settled up $3.20 at $666.50 per metric ton. January RSF5 settled up $3.10 at $677.50. Last Friday c...Reuters
Fri, Aug 22
US natgas prices fall 5% to 9-month low on near-record output, ample gas in storage
Near-record output and ample storage put pressure on pricesLiquid natural gas export flows increase as plants exit outagesWeather forecasts remain near-normal through early SeptemberBy Scott DiSavino Aug 22 (Reuters) - U.S. natural gas futures fell about 5% to a nine-month low on Friday on near-r...Reuters
Fri, Aug 22
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 focusWheat slips from a three-week highBy 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 ...Reuters
Fri, Aug 22
Oil prices rise, make weekly gains as Ukraine peace process stalls
Potential stronger sanctions against Russia back in focusPrices also supported by US crude stocks drawdownGerman economic data raises concerns over demandBy Georgina McCartney HOUSTON - Aug 22 (Reuters) - Oil prices steadied on Friday amid uncertainty surrounding a potential peace deal between Ru...Reuters
Fri, Aug 22
CBOT wheat tick lower as global supply weighs
CHICAGO, Aug 22 (Reuters) - Chicago Board of Trade wheat futures spent Friday seesawing but ended lower to slip from a three-week high.Ample global supplies continue to anchor prices despite resilient demand for U.S. wheat.Ukraine's 2025 wheat harvest is seen falling to around 21 million metric ...Reuters
Fri, Aug 22
CBOT soybeans higher on strong soyoil prices, demand uptick
CHICAGO, Aug 22 (Reuters) - Chicago Board of Trade soybean futures 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 soyoil offset supply pressure from favourable U.S. field conditions.Soybeans rallied on Thursday as b...Reuters
Fri, Aug 22
CBOT corn tips lower on strong crop tour results
CHICAGO, Aug 22 (Reuters) - Chicago Board of Trade corn futures chopped up and down on Friday but ended lower as the strong yield potential shown by a U.S. field tour curbed support from bumper weekly exports.Scouts on the Pro Farmer Midwest crop tour estimated the corn yield in top producer Iowa at...Reuters
Fri, Aug 22
Gold climbs as Powell flags rising labor risks, dovish Fed tilt
Gold prices continue to trend higher on Friday after the Federal Reserve (Fed) leaned dovish, as commented by the Fed Chair Jerome Powell, who said that “downside risks to the labor market are rising.” XAU/USD trades at $3,371 after hitting a daily low of $3,321.
Fxstreet
Fri, Aug 22
Phillips 66's refinery in Roxana, Illinois, having issues with crude unit - sources
NEW YORK, Aug 22 (Reuters) - Phillips 66's PSX.N 356,000 barrels-per-day Wood River refinery in Illinois had issues with its crude unit, trading sources said on Friday.Phillips 66 declined to comment on refinery operations.The refinery, located in Roxana, Illinois, produces transportation fuels ...Reuters
Fri, Aug 22
US EPA approves biofuel waivers for small refiners, stirring concerns over demand
By Jarrett Renshaw WASHINGTON, Aug 22 (Reuters) - The U.S. Environmental Protection Agency on Friday approved most of its backlog of requests by small oil refineries for biofuel law exemptions, raising concerns among biofuels advocates over a potential hit to demand.The approvals are also a mixed...Reuters
Fri, Aug 22
PRECIOUS-Gold gains as Powell’s comments fuel rate cut hopes
US dollar slips 1% Traders now see 85% probability on a Fed rate cut in SeptemberVolatile prices stifle gold demand in top Asian hubsTrump says he'll fire Fed's Cook if she doesn't resignBy Ashitha Shivaprasad Aug 22 (Reuters) - Gold prices rebounded on Friday, buoyed by heightened ex...Reuters
Fri, Aug 22
