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Oil minister says Iran will bypass curbs on oil sales despite 'snapback'
DUBAI, Aug 29 (Reuters) - Iranian Oil Minister Mohsen Paknejad said on Friday a return of sanctions under the so-called "snapback" may create restrictions on oil exports but Tehran has learned to bypass them, Iran's state media reported.Britain, France and Germany on Thursday launched a ...Reuters
14 minutes ago
Oil prices fall with expected weaker demand, possible peace deal
OPEC+ meeting in focusUncertainty over Russian supply impacts market sentimentRussian oil exports to India set to rise despite US pressure HOUSTON, Aug 29 (Reuters) - Oil prices fell on Friday as traders looked toward weaker demand in the U.S., the world's largest oil market, and possible beh...Reuters
16 minutes ago
Trump cancelling $679 million in federal funding for offshore wind projects
By David ShepardsonWASHINGTON, Aug 29 (Reuters) - The Trump administration said on Friday it was cancelling $679 million in federal funding for 12 offshore wind projects, including $427 million for a California project.The move is the latest in a full-throated effort by the administration to undermi...Reuters
17 minutes ago
Chiquita to return to Panama with $30 million investment and 5,000 jobs
PANAMA CITY, Aug 29 (Reuters) - Banana giant Chiquita has agreed to restart operations in Panama after mass layoffs earlier this year, Panama's government and the company said on Friday. Chiquita plans to invest $30 million to launch production again in the western province of Bocas del Toro...Reuters
39 minutes ago
US oil production hit record high in June, EIA says
HOUSTON, Aug 29 (Reuters) - U.S. crude oil production hit a record high in June, the Energy Information Administration said on Friday, rising 133,000 barrels per day to 13.58 million bpd. Product supplied of crude and petroleum products in the U.S., a proxy for demand, rose 684,000 bpd in June to it...Reuters
an hour ago
US natgas futures ease, end August lower on fading summer heat
Exxon sees global gas demand up 20% by 2050Natgas futures on track for second straight monthly lossLSEG forecast 149 CDDs over the next two weeks vs 128 a day earlierBy Sherin Elizabeth Varghese Aug 29 (Reuters) - U.S. natural gas futures eased on Friday as muted trade ahead of a U.S. holiday wee...Reuters
an hour ago
Trump cancelling $679 million in federal funding for offshore wind projects
WASHINGTON, Aug 29 (Reuters) - The Trump administration said on Friday it was cancelling $679 million in federal funding for 12 offshore wind projects, including $427 million for a California project.U.S. Transportation Secretary Sean Duffy announced that the department was cancelling or terminating...Reuters
an hour ago
Caspian pipeline suspends second mooring point after accident
MOSCOW, Aug 29 (Reuters) - The Caspian Pipeline Consortium (CPC) said on Friday it has suspended operations at a second mooring point following an accident during a loading operation and an oil spill at its Black Sea terminal. CPC, which handles more than 1% of global oil, exports mainly from Kazakh...Reuters
an hour ago
Oil minister says Iran's oil exports won't be shut in by 'snapback'
Aug 29 (Reuters) - Iranian Oil Minister Mohsen Paknejad said on Friday a return of sanctions under the so-called "snapback" will create restrictions on oil sales but Tehran has learned to bypass them and exports won't be shut in, Iran's YJC news agency reported.Reuters
2 hours ago
Brazil's Marfrig terminates contract to sell Uruguay plants to Minerva
By Ana ManoSAO PAULO, Aug 29 (Reuters) - Food processors Minerva BEEF3.SA and Marfrig MRFG3.SA told investors on Friday they disagree over the termination of a contract involving the sale of three beef plants in Uruguay.Marfrig agreed to sell the Uruguayan assets to Minerva in August 2023 for 675 mi...Reuters
2 hours ago
PRECIOUS-Gold on track for best month in four as inflation data bolsters rate cut bets
US dollar set for monthly loss of 2.1%Silver, platinum headed for monthly gainUS core PCE firms slightly but matches expectationsBy Anmol Choubey and Sarah Qureshi Aug 29 (Reuters) - Gold prices held steady on Friday and were poised for their best monthly performance since April, as U.S. inflatio...Reuters
2 hours ago
Caspian pipeline suspends second mooring point after accident
MOSCOW, Aug 29 (Reuters) - The Caspian Pipeline Consortium (CPC) said on Friday it has suspended operations at a second mooring point following an accident during a loading operation and an oil spill at its Black Sea terminal.Reuters
2 hours ago
India ONGC Exec Says In Talks With Middle Eastern Producers For 2 MTPA Long Term LNG Deal
Aug 29 (Reuters) - India's Oil and Natural Gas Corporation ONGC.NS Exec:AIMS TO BUY 0.6-0.8 MILLION T/YEAR ETHANE FROM USA FOR PETCHEM PROJECTIN TALKS WITH MIDDLE EASTERN PRODUCERS FOR 2 MTPA LONG TERM LNG DEALEXPECT SUPPLY UNDER LONG TERM LNG DEAL TO BEGIN FROM FY27WILL SELL LNG TO CUSTOMERS IN...Reuters
2 hours ago
Reliance boss Ambani urges Indian businesses to unite to counter geopolitical challenges
NEW DELHI, Aug 29 (Reuters) - Mukesh Ambani, the chairman of Reliance Industries RELI.NS, India's most valuable company, said on Friday that Indian firms need to work together to shield the South Asian nation from external shocks and geopolitical risks. WHY IT'S IMPORTANT Reliance, which op...Reuters
3 hours ago
CBOT Trends-Wheat mixed, corn up 1-3 cents, soy down 3-5
CHICAGO, Aug 29 (Reuters) - The 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 Friday. WHEAT - Down 1 to up 1 cent per bushelWheat futures Wv1 traded near flat, pressured by abundant global harvests...Reuters
3 hours ago
Billionaire Ambani plans to take Reliance Jio public by mid-2026
Jio aims for IPO by first half of 2026Meta and Reliance announce $100 million joint ventureGoogle to establish Jamnagar Cloud region for RelianceBy Chandini Monnappa and Aleef Jahan C S Aug 29 (Reuters) - India's Reliance Industries RELI.NS is planning to take its telecoms and digital arm Jio...Reuters
3 hours ago
ADM Announces Streamlining Of Soy Protein Production Network
Aug 29 (Reuters) - Archer-Daniels-Midland Co ADM.N:ADM ANNOUNCES STREAMLINING OF SOY PROTEIN PRODUCTION NETWORKARCHER-DANIELS-MIDLAND CO - TO CEASE OPERATIONS AT BUSHNELL, ILLINOIS PLANTARCHER-DANIELS-MIDLAND CO - TO CONSOLIDATE SOY PROTEIN OPERATIONS GLOBALLYReuters
3 hours ago
RPT-COLUMN-A quiet revolution is unfolding in the mining sector: Andy Home
By Andy Home LONDON, Aug 29 (Reuters) - The world is going to need a lot of copper and other critical metals if it is going to pivot away from fossil fuels. But can the mining industry deliver? The challenges are huge. Ore grades at existing copper mines are steadily falling, big new discoveries ...Reuters
3 hours ago
