News
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US tells Orsted to halt work on offshore wind project off Rhode Island
Company says it is evaluating options to resolve Revolution Wind was scheduled for completion next yearBureau cites national security, interference with 'reasonable uses' of seaBy Nichola Groom Aug 22 (Reuters) - The Trump administration on Friday ordered Denmark's Orsted ORSTED.CO to...Reuters
an hour ago
Novonor creditors, IG4 sign exclusivity agreement in Braskem talks, Valor reports
SAO PAULO, Aug 22 (Reuters) - Private equity firm IG4 Capital and banks holding shares in petrochemical Braskem BRKM3.SA as collateral for Novonor's debt signed an agreement for exclusivity in talks for 90 days, Valor Economico reported on Friday.The report comes after a 90-day exclusivity perio...Reuters
2 hours ago
Ørsted A/S Says Revolution Wind Receives Offshore Stop-Work Order From US Department Of The Interior's Bureau Of Ocean Energy Management
Aug 22 (Reuters) - Oersted A/S ORSTED.CO:ØRSTED A/S REVOLUTION WIND RECEIVES OFFSHORE STOP-WORK ORDER FROM US DEPARTMENT OF THE INTERIOR’S BUREAU OF OCEAN ENERGY MANAGEMENTOERSTED A/S - REVOLUTION WIND COMPLIES WITH ORDER, ENSURES WORKER SAFETYOERSTED A/S - ØRSTED EVALUATING OPTIONS INCLUDING LEGAL ...Reuters
2 hours ago
Trump says US is conducting tariff investigation into furniture imports
Investigation is latest in series of national security probes into importsProbe aims to address concerns about imported furniture and could lead to higher tariffsTrade group opposes national security tariffs on furniture importsTrump says new tariffs could revitalize struggling US furniture manufact...Reuters
3 hours ago
EXCLUSIVE-Crescent Energy nears deal for US shale peer Vital Energy, sources say
By Shariq Khan and David French NEW YORK, Aug 22 (Reuters) - Crescent Energy CRGY.N is in advanced talks to acquire smaller peer Vital Energy VTLE.N, people familiar with the matter said on Friday, in a deal that would give the energy producer an extensive position in the Permian Basin.Terms of t...Reuters
3 hours ago
US halts work on Orsted offshore wind project off Rhode Island
Aug 22 (Reuters) - The Trump administration on Friday ordered Denmark's Orsted ORSTED.CO to halt all activities related to its Revolution Wind project off the coast of Rhode Island, according to a letter posted on the website of the Bureau of Ocean Energy Management.The stop work order is relate...Reuters
3 hours ago
US Cash Crude-Grades mixed on second day of volatile roll trade period
Aug 22 (Reuters) - U.S. crude grades were mixed on Friday, on the second day of a volatile roll trading period, dealers said. Midland firmed 15 cents, while WTI at East Houston (MEH) was flat. Mars eased 20 cents.Traders use the three-day roll period to adjust their crude slates, square up positions...Reuters
3 hours ago
Starbucks to cut production to five-day schedule at US coffee plants, Bloomberg News reports
Aug 22 (Reuters) - Starbucks SBUX.O is set to reduce weekly production at its five U.S. coffee roasting and packaging facilities by two days starting in January, Bloomberg News reported on Friday, citing people familiar with the matter.The coffee chain, which is undergoing an overhaul under CEO Bria...Reuters
4 hours ago
CIF/FOB Gulf Grain-Soybean and corn barge bids rise
CHICAGO, Aug 22 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals rose on Friday, traders said, as hopes increased for demand from top-importer China.Corn bids also firmed.Rumors that China was inquiring about U.S. soybeans supported Chicago Board of Trade futures pri...Reuters
4 hours ago
EXCLUSIVE-Crescent Energy nears deal for US shale peer Vital Energy, sources say
By Shariq Khan and David FrenchNEW YORK, Aug 22 (Reuters) - Crescent Energy CRGY.N is in advanced talks to acquire smaller peer Vital Energy VTLE.N, people familiar with the matter said on Friday, in a deal that will bolster the energy producer's position in the Permian Basin.Terms of the combin...Reuters
4 hours ago
LIVESTOCK-Cattle futures bounce on tight supply, steady demand
By Heather Schlitz CHICAGO, Aug 22 (Reuters) - Chicago Mercantile Exchange cattle futures closed higher on Friday as a tight supply of cattle, higher boxed beef prices and resilient consumer demand for beef propelled futures higher, analysts said.CME October live cattle futures LCV25 rose 3.15 ce...Reuters
4 hours ago
Starbucks Throttles Operations At US Coffee Plants To Curb Costs - Bloomberg News
Aug 23 (Reuters) - STARBUCKS THROTTLES OPERATIONS AT US COFFEE PLANTS TO CURB COSTS - BLOOMBERG NEWSSTARBUCKS' FIVE COFFEE PLANTS IN THE US WILL ADOPT THE NEW FIVE-DAY SCHEDULE IN JANUARY - BLOOMBERG NEWSSource text: https://tinyurl.com/27nj5l2qReuters
5 hours ago
Elliott, Gold Reserve affiliates work on offers for Citgo parent as bidding end looms
Gold Reserve's Dalinar Energy has offered $7.4 billionElliott's Amber Energy August offer includes $5.86 billion to creditors, $2.86 billion to bondholdersBy Marianna Parraga HOUSTON, Aug 22 (Reuters) - A U.S. court officer is preparing to recommend a winner in an auction for shares of Ci...Reuters
5 hours ago
EXCLUSIVE-Trump plans to make Cold War-era plutonium available for nuclear power
Radioactive, fissile plutonium from Cold War a headache for USUS wants to halt disposal of it, use 20 metric tons for fuelTrump administration sees it as potential fuel for new reactorsCritic points out similar program failed due to costs By Timothy Gardner WASHINGTON, Aug 22 (Reuters) - The Tru...Reuters
5 hours ago
CSX-BNSF railroad pact lessens expectations of quick merger, analysts say
BNSF-CSX disclose new East-West routes Analysts see low apetite from BNSF to rush into a mergerCSX shares drop 3.6% after announcementBy Sabrina Valle Aug 22 (Reuters) - CSX CSX.O and Berkshire Hathaway BRKa.N-owned BNSF on Friday announced new coast-to-coast services, a move that strengthens the...Reuters
5 hours ago
Putin sees 'light at end of the tunnel' in Russia-US ties, cooperation in Arctic and Alaska
By Anastasia Lyrchikova and Dmitry AntonovMOSCOW, Aug 22 (Reuters) - President Vladimir Putin said on Friday that there was "light at the end of the tunnel" in Russia-U.S. relations and that the two countries were discussing joint projects in the Arctic and Alaska.The Russian president, answ...Reuters
6 hours ago
US Dept of Energy grants Lake Charles LNG more time to start exports
Aug 22 (Reuters) - The U.S. Department of Energy said on Friday it had granted Energy Transfer ET.N additional time to start exports from the Lake Charles LNG facility under its non-Free Trade Agreement export permit."On the heels of President Trump’s historic trade negotiations, demand for secu...Reuters
6 hours ago
ICE canola futures close up for both day and week
WINNIPEG, Manitoba, Aug 22 (Reuters) - ICE canola futures ended up on Friday and rose slightly from where they closed last week, with soyoil's surge pulling up other vegoils.• November canola RSX5 settled up $3.20 at $666.50 per metric ton. January RSF5 settled up $3.10 at $677.50. Last Friday c...Reuters
6 hours ago
US natgas prices fall 5% to 9-month low on near-record output, ample gas in storage
Near-record output and ample storage put pressure on pricesLiquid natural gas export flows increase as plants exit outagesWeather forecasts remain near-normal through early SeptemberBy Scott DiSavino Aug 22 (Reuters) - U.S. natural gas futures fell about 5% to a nine-month low on Friday on near-r...Reuters
7 hours ago
