By Curtis Williams HOUSTON (Reuters) – Long-term buyers of U.S. liquefied natural gas (LNG) are willingly agreeing to higher liquefaction fees at newer export projects, according to analysts and developers familiar with the matter. The U.S. emerged in 2022 as the world’s second largest LNG exporter on plentiful supplies of…

(Reuters) – Idalia has strengthened into a Category 4 hurricane on the five-step Saffir-Simpson wind scale as nears the Florida Big Bend region, the U.S. National Hurricane Center (NHC) said on Wednesday. Idalia was located about 60 miles (95 km) west of Cedar Key, Florida in the Gulf of Mexico,…

By Mai Nguyen and Siyi Liu (Reuters) – Nickel smelters in top producer Indonesia are making rare purchases of ore from the Philippines to ease tight supplies, people familiar with the matter said, upending trade flows of the raw material and pushing up costs across the supply chain. Jakarta recently…

By Gus Trompiz and Rod Nickel PARIS/WINNIPEG, Manitoba – Pasta lovers must brace to pay even higher prices for their favorite dish, as drought in Canada and bad weather in Europe damages crops of durum wheat and reduces supplies available to flour millers and food companies. Italy’s government called a…

TOKYO (Reuters) – Japan’s industry minister said on Wednesday the government had no plan to substantially boost funds aimed at helping the fishing industry hit by reputation damage from the release of treated water from the crippled Fukushima nuclear power plant. The government currently has two such funds worth 80…

Investing.com– Gold prices steadied at three-week peaks on Wednesday, aided by a weaker dollar as softer-than-expected U.S. economic data spurred bets that the Federal Reserve will have limited headroom to keep raising rates. The yellow metal had a strong run-up over the past week, also benefiting from some safe haven…

Investing.com– Oil prices rose in Asian trade on Wednesday, extending gains from the prior session on signs of a massive draw in U.S. crude stockpiles, while focus also remained on any potential supply disruptions stemming from Hurricane Idalia.  A drop in the helped oil prices rise sharply on Tuesday, as…

By Yuka Obayashi TOKYO (Reuters) – Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world’s biggest fuel consumer, and as concerns about a hurricane in the Gulf of Mexico kept investors on edge. futures for October rose 17…

By Pavel Polityuk KYIV (Reuters) – Ukrainian farmers are not expected to reduce the area of winter wheat they sow for the 2024 harvest despite higher logistics costs due to the wartime export crisis, a senior farming official told Reuters on Tuesday. Ukraine is a major wheat producer and the…

(Reuters) – The Texas power grid operator ERCOT issued an appeal to the public for energy conservation from 5 p.m. to 9 p.m. CT on Tuesday, as operating reserves were expected to be low, for the seventh time this month. Despite the end of the heat wave that boosted demand…