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CBOT wheat rises on bargain buying after contract lows
April 30 - Chicago Board of Trade wheat futures closed higher on bargain buying on Wednesday as the market rebounded from contract lows, analysts said. Short covering helped support gains after recent losses left the market oversold, traders said.Market chatter indicated that Chinese buyers had retu...Reuters
4 hours ago
CBOT soybeans hit two-week low on US-China trade war concerns
CHICAGO, April 30 (Reuters) - Chicago Board of Trade soybean futures closed lower on Wednesday after touching a two-week low as U.S. President Donald Trump's trade war with China fueled concerns about export demand, analysts said.China is the world's biggest soybean importer.The nation will ...Reuters
4 hours ago
Expand Energy sees minimal near-term impact from Trump's tariffs
Longer term, tariff impact depends on outcome and scale of programExpand well-positioned for Gulf Coast demand growth - analystExpand says on track to produce more in 2025, 2026 to meet growing demand Expand plans $2.7 bln investment to boost production by 2025Expand aims for 7.5 bcfed production by...Reuters
4 hours ago
PRECIOUS-Gold pares losses on rate cut hopes after weaker US economic data
US GDP contracted at a 0.3% annualized rate last quarterUS PCE price index unchanged in MarchGold heads for fourth monthly gainBy Anjana Anil April 30 (Reuters) - Gold prices pared some losses on Wednesday as bets that the U.S. Federal Reserve will cut rates rose after weaker-than-expected first ...Reuters
5 hours ago
U.S. nuclear power plant outages
April 30 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Tota...Reuters
5 hours ago
Mexico's Olmeca refinery gradually restarting operations, Pemex says
MEXICO CITY, April 30 (Reuters) - Mexico's Olmeca refinery, run by state oil firm Pemex, is in a progressive start-up phase to restore its operations after an incident caused a temporary shutdown last week, the oil producer said on Wednesday.Pemex said a communication failure at the southern Mex...Reuters
5 hours ago
Expand Energy on track to increase US natgas output to meet growing demand
April 30 (Reuters) - U.S. energy company Expand Energy EXE.O, the country's biggest natural gas producer, said on Wednesday it was on track to produce more gas in 2025 and 2026 to meet growing demand for the fuel.Expand executives told analysts on its first quarter earnings call it expected to r...Reuters
5 hours ago
GRAINS-Corn futures rise on US export sales
Exporters sell US corn to unknown buyers, USDA saysBargain buying, short covering lift wheat futuresU.S.-China trade war hangs over soybean marketBy Tom Polansek CHICAGO, April 30 (Reuters) - Chicago Board of Trade corn futures advanced on U.S. export demand on Wednesday, while bargain-huntin...Reuters
6 hours ago
RPT-Black US farmers brace for impact amid tariffs turmoil
Black farmers face historical challenges in accessing capital and land ownershipTrump's tariffs criticized by farm groups, threaten farmers' competitivenessRace-neutral program passed after lawsuits against Biden's debt relief initiativeBlack farmers' share of U.S. farms has drastica...Reuters
6 hours ago
Petroecuador declares emergency at Ecuador's largest refinery after quake
QUITO, April 30 (Reuters) - Ecuador's state-run oil company Petroecuador has declared an emergency at the country's largest refinery after finding damage caused by an earthquake, but it said on Wednesday oil exports and domestic fuel distribution are not expected to be affected by the measur...Reuters
6 hours ago
Utility PPL beats profit estimate, stays bullish on data-center demand growth
April 30 (Reuters) - Electric and gas utility PPL PPL.N has signed several energy supply agreements in Pennsylvania, it said on Wednesday, betting on robust power demand from data centers despite a recent pullback in artificial intelligence spending by U.S. tech firms.U.S. electric utilities have be...Reuters
6 hours ago
Black US farmers brace for impact amid tariffs turmoil
Black farmers face historical challenges in accessing capital and land ownershipTrump's tariffs criticized by farm groups, threaten farmers' competitivenessRace-neutral program passed after lawsuits against Biden's debt relief initiativeBlack farmers' share of U.S. farms has drastica...Reuters
6 hours ago
Petroecuador declares Ecuador's largest refinery in emergency after quake
QUITO, April 30 (Reuters) - Ecuador's state-run oil company Petroecuador has declared the country's largest refinery in emergency after finding damage caused by an earthquake, but it said on Wednesday oil exports and domestic fuel distribution are not expected to be affected by the measure.Reuters
6 hours ago
US Cash Grains-Corn, soy bids down as buyers roll bids
CHICAGO, April 30 (Reuters) - Spot basis bids for corn and soybeans ticked lower in the U.S. Midwest on Wednesday as buyers continued to roll their basis bids to the July futures contracts from the May contract. Though bids were down, local prices remained effectively steady as the July contract was...Reuters
6 hours ago
EU wheat steadies as low prices stir export hopes
PARIS, April 30 (Reuters) - Euronext wheat ticked higher on Wednesday, tracking strength in Chicago as price lows this week stirred talk of fresh export demand.Gains on Euronext were modest as favourable prospects for this summer's harvest were maintaining supply pressure after a poor export cam...Reuters
6 hours ago
DME Signs Strategic Agreement With Sustany Holdings
April 30 (Reuters) - Desert Mountain Energy Corp DME.V:DME SIGNS STRATEGIC AGREEMENT WITH SUSTANY HOLDINGS AND PROVIDES OPERATIONAL UPDATE FOR ARIZONA AND NEW MEXICODESERT MOUNTAIN ENERGY CORP - AGREEMENT INCLUDES CONSTRUCTION OF 200 MW DATA CENTERDESERT MOUNTAIN ENERGY CORP - TO UPGRADE AND EXPAND ...Reuters
6 hours ago
Europe Gasoline/Naphtha-Gasoline margins jump on US inventory drawdown
LONDON, April 30 (Reuters) - Northwest European gasoline profit margins rose by over $1 to $16.42 a barrel on Wednesday as US inventories fell more than expected. Trafigura, Sahara, and Litasco sold over 9,000 metric tons of Eurobob E5 on barges to Varo, Trafigura, BP, and Sahara.Shell and Gunvor s...Reuters
6 hours ago
Exxon Mobil working to resolve issue at Joliet, Illinois refinery
By Nicole Jao and Shariq Khan NEW YORK, April 30 (Reuters) - Exxon Mobil XOM.N said on Wednesday it is working to resolve an issue that occurred earlier this week at its 275,000 barrels per day refinery in Joliet, Illinois."We are working to resolve an operational issue that occurred on April...Reuters
6 hours ago
US oil output rose slightly in February as New Mexico hit record, EIA says
NEW YORK, April 30 (Reuters) - Total U.S. crude oil production rose to 13.16 million barrels per day (bpd) in February, up about 29,000 bpd from January, data from the U.S. Energy Information Administration showed on Wednesday.Crude oil output from New Mexico, the second largest oil producing state ...Reuters
7 hours ago
METALS-Copper falls more than 3%, on course for worst month since June 2022
By Ashitha Shivaprasad April 30 (Reuters) - Benchmark copper prices fell more than 3% on Wednesday, on track to register the biggest monthly decline since June 2022 against a backdrop of weak data from top metals consumer China and lingering trade uncertainty.Benchmark copper CMCU3 on the London ...Reuters
7 hours ago
Exxon Mobil says working to resolve operational issue at refinery in Joliet, IL
NEW YORK, April 30 (Reuters) - Exxon Mobil XOM.N is working to resolve an issue that occurred earlier this week at its 251,800-barrel-per-day refinery in Joliet, Illinois, the company said Wednesday."We are working to resolve an operational issue that occurred on April 28 and expect to meet cust...Reuters
7 hours ago
Spain's grid denies dependence on solar power to blame for blackout
Sanchez under pressure to provide explanation for blackoutOpposition calls for independent investigationGrid operator accused of failure to invest in system upgrade MADRID, April 30 (Reuters) - Spain's grid operator denied on Wednesday dependence on solar power was to blame for the country...Reuters
7 hours ago
US crude stockpiles draw unexpectedly on export, refinery demand, EIA says
By Arathy Somasekhar and Laila KearneyHOUSTON, April 30 (Reuters) - U.S. crude oil stockpiles fell unexpectedly last week on higher export and refinery demand, while gasoline drew down for a ninth straight week, the Energy Information Administration said on Wednesday.Crude inventories fell by 2.7 mi...Reuters
7 hours ago
Mexico's Pemex reports 43.3 bln peso net loss in Q1
MEXICO CITY, April 30 (Reuters) - Mexican state energy company Pemex reported a 43.3 billion peso first-quarter net loss on Wednesday, according to a filing with the Mexican stock exchange.Revenues for one of the country's biggest companies during the January-to-March period fell 2.5% to 395.59 ...Reuters
7 hours ago
Nearly 450,000 US customers without power after severe storm
April 30 (Reuters) - Nearly 450,000 customers in Pennsylvania were without power early on Wednesday, data from PowerOutage.us showed, a day after a storm system brought on severe weather to the central United States.Duquesne Light Company said late Tuesday it was working to restore power to more tha...Reuters
7 hours ago