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Orsted's Revolution Wind sues Trump administration over project halt
Orsted and Skyborn face $1 billion additional costs due to haltConnecticut and Rhode Island filed joint suitProject delay could extend over a year or risk cancellationRevolution Wind was 80% complete before haltBy Jacob Gronholt-Pedersen and Nichola Groom COPENHAGEN/LOS ANGELES, Sept 4 (Reuters) ...Reuters
21 minutes ago
US Cash Crude-Grades weaken as WTI/Brent spread eases below $4/bbl
Sept 4 (Reuters) - U.S. crude grades eased on Thursday, dealers said, as West Texas Intermediate crude futures' discount to Brent narrowed to below $4 a barrel.WTI Midland weakened 10 cents, while WTI at East Houston WTC-MEH, also known as MEH, eased 5 cents. West Texas Intermediate crude future...Reuters
47 minutes ago
Trump signs order to bring lower Japanese auto tariffs into effect
Order cuts US tariffs on Japanese cars to 15% from 27.5%Order reiterates Japan will invest $550 billion in US projectsTrump says Japan pledges to buy more rice, other agricultural productsBy Andrea Shalal, David Shepardson and Tamiyuki Kihara WASHINGTON/TOKYO, Sept 4 (Reuters) - U.S. President D...Reuters
57 minutes ago
Trump supports nuclear power as it is 'more American' than wind, solar, US official says
WASHINGTON, Sept 4 (Reuters) - The Trump administration is more willing to support loan guarantees and tax breaks for nuclear power than for wind and solar because it is "more American" than those forms of energy, the director of the U.S. Energy Dominance Council said on Thursday.Jarrod Agen...Reuters
2 hours ago
LIVESTOCK-Cattle futures end lower on profit-taking, technicals and flat cash prices
By Karl PlumeCHICAGO, Sept 4 (Reuters) - Chicago Mercantile Exchange cattle futures fell for a third consecutive day on Thursday in profit-taking and technical selling setback following recent highs and amid some weaker-than-expected cash market sales this week.Elevated beef prices, tight cattle sup...Reuters
2 hours ago
CANADA-CRUDE-Discount on Western Canada Select widens
Sept 4 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 widened on Thursday.WCS for October delivery in Hardisty, Alberta, settled at $11.55 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared with $11.45 a...Reuters
3 hours ago
Trump supports nuclear power as it is 'More American' than wind, solar, US official says
WASHINGTON, Sept 4 (Reuters) - The Trump administration is more willing to support loan guarantees and tax breaks for nuclear power than for wind and solar because it is "more American" than those, the director of the U.S. Energy Dominance Council said on Thursday.Jarrod Agen, the director o...Reuters
3 hours ago
EU recognizes Brazil as bird flu free, says Brazil's ag minister
By Isabel Teles and Ana Mano SAO PAULO, Sept 4 (Reuters) - The European Union has recognized Brazil as a bird-flu free country, a move that will allow the resumption of chicken meat exports to the bloc, Brazilian Agriculture Minister Carlos Favaro said on Thursday on social media X.In a subsequen...Reuters
3 hours ago
ConocoPhillips to begin layoffs as early as Nov 10, company says in state notice
By Georgina McCartney and Arathy Somasekhar HOUSTON, Sept 4 (Reuters) - U.S. oil producer ConocoPhillips COP.N will begin company-wide layoffs as early as Nov. 10, the company said in a state notice sent to some employees on Thursday, seen by Reuters. On Wednesday, Reuters reported that ConocoPhi...Reuters
4 hours ago
Argan Q2 revenue misses analyst expectations
OverviewArgan, which provides services in power industry, posts 4.7% rise in Q2 revenue, but misses analyst expectationsAdjusted EPS for fiscal Q2 was $2.50Company reports record project backlog of $2.0 blnOutlookArgan sees strong demand for capabilities across all business segmentsCompany position...Reuters
4 hours ago
U.S. Midwest grid selects 10 power plant projects for expedited review
By Laila KearneyNEW YORK, Sept 4 (Reuters) - The U.S. Midwest grid operator on Thursday said it selected an initial 10 power plant projects seeking connection to the electrical network for fast-tracked review as part of a new program to swiftly add new supplies as energy demand surges.Record U.S. el...Reuters
4 hours ago
ICE canola futures rise ahead of China trip by Canadian politicians
WINNIPEG, Manitoba, Sept 4 (Reuters) - ICE canola futures rose ahead of a trip to China by Canadian politicians, but did not reverse the general downtrend of recent weeks.• November canola RSX5 settled up $3.30 at $620.20 per metric ton. January rose $3.20 to $632.10. • Saskatchewan Premier Scott Mo...Reuters
4 hours ago
GRAINS-Soybeans end firm as late-session technical buying offsets demand pressure
By Karl Plume CHICAGO, Sept 4 (Reuters) - U.S. soybean futures rebounded on late-session technical buying to end firm on Thursday after concerns about a lack of sales to top importer China had dragged the market to 3-1/2 week lows. Technical buying also supported corn futures despite...Reuters
4 hours ago
Portugal investigates crash on historic Lisbon funicular that killed 16
Funicular railway popular with tourists15 killed at scene on Wednesday, one more died in hospitalCarriage plunged down slope before derailingUnion says workers had flagged cable tension concernsTransport company says inspections carried out dailyBy Sergio Goncalves and Andrei Khalip LISBON, Sept ...Reuters
4 hours ago
ConocoPhillips to begin layoffs as early as Nov 10, company says in state notice
HOUSTON, Sept 4 (Reuters) - U.S. oil company ConocoPhillips COP.N will begin company-wide layoffs as early as Nov. 10, the company said in a state notice sent to some employees on Thursday, seen by Reuters. A company spokesperson confirmed the notice.Reuters
4 hours ago
US natgas holds at 4-week high on recent declines in output
US daily gas output drops to eight-week lowEIA reports 55 bcf gas storage build, close to analyst forecastsLNG export feedgas falls despite record flows to Plaquemines plantBy Scott DiSavino Sept 4 (Reuters) - U.S. natural gas futures held near a four-week high on Thursday on recent declines in o...Reuters
5 hours ago
Oklo plans Tennessee plant to recycle nuclear waste
By Timothy Gardner WASHINGTON, Sept 4 (Reuters) - Nuclear power company Oklo OKLO.N said on Thursday it plans to design, build, and operate a plant in Tennessee to recycle nuclear waste as the first phase of a nuclear fuel center that will cost up to $1.68 billion. If successful, the fuel plant, ...Reuters
5 hours ago
Oil prices ease on surprise build in US crude stockpiles, OPEC+ to consider output hike
US crude stocks rose unexpectedly last week, EIA and API dataOPEC+ to consider raising oil production further, sources sayOPEC+ meeting set for SundayUS economic data suggests potential Fed interest rate cutBy Scott DiSavino NEW YORK, Sept 4 (Reuters) - Oil prices eased about 1% to a two-week low...Reuters
5 hours ago
CBOT soybeans bounce from 3-1/2 week lows on technical buying
CHICAGO, Sept 4 (Reuters) - Chicago Board of Trade soybean futures staged a late-session technical-buying bounce on Thursday after sinking to 3-1/2 week lows on demand concerns as top importer China has yet to book any purchases from the upcoming harvest.The USDA is due to release its weekly export ...Reuters
5 hours ago
