News
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Trump to call Carney soon, applauds retaliatory tariff removal
WASHINGTON, Aug 22 (Reuters) - U.S. President Donald Trump on Friday applauded an announcement by Canada's Mark Carney to remove many retaliatory import tariffs on U.S. goods and said he plans to speak to the prime minister soon."He's removing his retaliatory tariffs, which I thought was...Reuters
Fri, Aug 22
US drillers cut oil and gas rigs for fourth time in five weeks - Baker Hughes
By Scott DiSavino Aug 22 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future ou...Reuters
Fri, Aug 22
Iran, European powers agree to resume nuclear, sanctions talks next week
European powers threaten to reimpose sanctions over Iran's nuclear programIran disputes European powers' right to use 'snapback' sanctions mechanismIran, IAEA discuss how to interact, Iranian envoy says DUBAI, Aug 22 (Reuters) - Iranian Foreign Minister Abbas Araqchi and his F...Reuters
Fri, Aug 22
US drillers cut oil and gas rigs for fourth time in five weeks - Baker Hughes
By Scott DiSavino Aug 22 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future ou...Reuters
Fri, Aug 22
Chile's Codelco cuts 2025 copper forecast after El Teniente mine collapse
Newest sectors at El Teniente need review after accidentCodelco's own production up 9% in first half of 2025Pre-tax profit drops 34% By Fabian Cambero and Daina Beth Solomon SANTIAGO, Aug 22 (Reuters) - Chile's Codelco [RIC:RIC:COBRE.UL], the world's largest copper producer, on Friday...Reuters
Fri, Aug 22
METALS-Copper hits one-week high after Powell points to possible rate cut
By Eric Onstad LONDON, Aug 22 (Reuters) - Copper prices rose for a third session on Friday after the U.S. central bank chief opened the door to interest rate cuts and as demand in top metals consumer China remained healthy.Benchmark three-month copper on the London Metal Exchange CMCU3 was up 0.5...Reuters
Fri, Aug 22
Europe Gasoline/Naphtha-Gasoline profit margins slip
LONDON, Aug 22 (Reuters) - Northwest European gasoline profit margins fell 31 cents a barrel to $17.36 a barrel on Friday. A total of 5,000 metric tons of Eurobob E5 barges traded in the session, with Gunvor and Sahara selling to Varo and Trafigura.An additional 4,000 tons of Eurobob E10 barges trad...Reuters
Fri, Aug 22
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
Fri, Aug 22
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
Fri, Aug 22
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
Fri, Aug 22
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
Fri, Aug 22
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
Fri, Aug 22
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
Fri, Aug 22
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
Fri, Aug 22
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
Fri, Aug 22
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
Fri, Aug 22
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
Fri, Aug 22
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
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 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
Fri, Aug 22
