News
Important Only
ICE canola ends lower on harvest pressure, fund liquidation
Aug 29 (Reuters) - ICE canola futures fell to their lowest in nearly five months on Friday, pressured by fund-driven long liquidation and the start of what is expected to be a large Canadian harvest of the oilseed, traders said.Benchmark November canola RSX5 settled down $9.30 at $626.40 per metric ...Reuters
10 minutes ago
Venture Global may soon produce LNG from all blocks at Plaquemines, filings show
Plaquemines plant receives FERC approval for nitrogen in Block 15Commissioning to continue in phases over two yearsPlaquemines pulls 20% of total US LNG gas demandBy Curtis Williams HOUSTON, Aug 29 (Reuters) - Venture Global VG.N could soon be producing liquefied natural gas from all blocks at it...Reuters
29 minutes ago
Oil prices fall with expected low demand, upcoming supply boost
OPEC+ supply increase expected to arrive in autumnLackluster US demand expected as summer driving season endsUncertainty over Russian supply impacts market sentimentRussian oil exports to India set to rise despite US pressureBy Erwin Seba HOUSTON, Aug 29 (Reuters) - Oil prices fell on Friday as t...Reuters
52 minutes ago
US natgas futures rise in thin trade, 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 climbed on Friday to hover at a three-week high, suppo...Reuters
an hour ago
Brazil probes JBS, other beefpackers for buying cattle from deforested land
By Lisandra Paraguassu and Ana ManoSAO PAULO, Aug 29 (Reuters) - Brazilian environment agency Ibama has notified 12 meatpacking plants, including two operated by JBS SA JBSS3.SA, for their alleged involvement in a scheme to buy cattle from illegally cleared land in the Amazon rainforest, according t...Reuters
an hour ago
GRAINS-Corn rises on strong demand, disease concerns
Corn firm on U.S. exports Wheat, soy gain on technical support and position squaringBy Heather Schlitz CHICAGO, Aug 29 (Reuters) - Chicago Board of Trade corn futures firmed on Friday on support from strong international demand, concerns over disease in the U.S. Midwest and technical support, ana...Reuters
an hour ago
CBOT wheat ends higher on technical trading
CHICAGO, Aug 29 (Reuters) - Chicago Board of Trade wheat futures finished higher on position squaring ahead of the end of the month.Traders were adjusting positions at the end of the month and before a long weekend in the United States, where financial markets will be closed on Monday for the Labor ...Reuters
an hour ago
CBOT soybeans rebound as industry assesses Chinese demand
CHICAGO, Aug 29 (Reuters) - Chicago Board of Trade soybean futures chopped up and down but ended higher on technical trading on Friday, though a lack of Chinese demand for U.S. supplies hung over the oilseed market.Soybean prices had climbed to a two-month peak last week, buoyed by hopes that China ...Reuters
an hour ago
CBOT corn firms on strong demand, disease concerns
CHICAGO, Aug 29 (Reuters) - Chicago Board of Trade corn futures firmed on Friday on support from strong international demand, concerns over disease in the U.S. Midwest and technical support, analysts said.Corn has been underpinned by brisk exports, concerns over Tar Spot and Southern Rust in the U.S...Reuters
an hour ago
PRECIOUS-Gold on track for best month in four as inflation data bolsters rate cut bets
US dollar set for monthly loss of 2.2%Silver, platinum headed for monthly gainUS core PCE firms slightly but matches expectationsBy Anmol Choubey and Sarah Qureshi Aug 29 (Reuters) - Gold prices rose around 1% on Friday and were poised for their best monthly performance since April, as U.S. infla...Reuters
2 hours ago
GRAINS-Corn rises on strong demand, disease concerns
Soybeans set to the end week lower after two weeks of gainsPrices under pressure from U.S.-China trade tensions Corn firm on U.S. exports while wheat eases as supply buildsBy Heather Schlitz CHICAGO, Aug 29 (Reuters) - Chicago Board of Trade corn futures firmed on Friday on support from strong in...Reuters
2 hours ago
Brazil launching data center incentives next month to woo big tech, sources say
By Marcela Ayres and Bernardo Caram BRASILIA, Aug 28 (Reuters) - Brazil plans to announce a tax incentive plan in early September aimed at attracting foreign tech companies to build data centers in the country, two economic policy officials told Reuters.The sources, who requested anonymity to...Reuters
3 hours ago
US drillers cut oil and gas rigs for second week in a row, Baker Hughes says
August 29 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row, 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 output, fell by two to 536 ...Reuters
3 hours ago
Energy exec tasked with speeding up project approvals in Canada
OTTAWA, Aug 29 (Reuters) - Canada named senior energy industry executive Dawn Farrell on Friday to lead a new office designed to fast-track the review and approval of natural resources projects such as mines and pipelines, a process that can take a decade.Prime Minister Mark Carney announced the...Reuters
4 hours ago
Kazakhstan says oil transport via CPC proceeding as normal, Interfax reports
MOSCOW, Aug 29 (Reuters) - Kazakhstan's energy ministry said on Friday that transportation of the country's oil via the Caspian Pipeline Consortium (CPC) was proceeding as normal, the Interfax news agency reported.CPC said on Friday it had suspended operations at a second mooring point follo...Reuters
4 hours ago
Venezuelan bond, Gold Reserve shares rally as decision on Citgo auction winner looms
HOUSTON, Aug 29 (Reuters) - A defaulted Venezuelan bond collateralized with equity in U.S. refiner Citgo Petroleum rose 1.125 cents on Friday to a four-month high of 97.25 cents on the dollar, while shares of miner Gold Reserve GRZ.V rallied 18% in Toronto from Thursday's close, a sign that two ...Reuters
4 hours ago
Euronext wheat steadies after lows
PARIS, Aug 29 (Reuters) - European wheat futures edged up on Friday to recover from contract lows, supported by a rally in Chicago corn, traders said.Large global supplies, tepid international demand and signs of accelerating exports from Russia limited gains, however.December milling wheat BL2Z5 on...Reuters
4 hours ago
CITGO Corpus Christi East refinery FCCU2 unit shut unexpectedly
Aug 29 (Reuters) - CITGO Petroleum said on Friday its FCCU2 unit at the 165,000-barrel-per-day Corpus Christi East refinery in Texas experienced a sudden unplanned shutdown due to the loss of a control valve.The cause is under investigation, and operations personnel are working to stabilize refinery...Reuters
4 hours ago
US oil production hit record high in June, EIA says
By Georgina McCartney and Shariq KhanHOUSTON, Aug 29 (Reuters) - U.S. crude oil production hit a record high in June, rising 133,000 barrels per day to 13.58 million bpd, according to data released by the Energy Information Administration as part of its Petroleum Supply Monthly series. Crude product...Reuters
4 hours ago
