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UPDATE 3-US crude stocks at Cushing fall to decade-low, fuel inventories surge, EIA says
Crude stocks at Cushing, Oklahoma, delivery hub hit 10-year low Brent and U.S. crude futures extend losses following report U.S. Gulf Coast refiners raise net inputs to six-year highCrude imports from Canada surged last week to record highAdds crude price reactions in paragraph 3, Cushing details p...Reuters
Wed, Jan 8
US Cash Grains-Corn bids down, soy mixed as futures falter
CHICAGO, Jan 8 (Reuters) - Spot basis bids for corn fell and soy bids were mixed on Wednesday as Chicago Board of Trade futures came under pressure from a rising dollar and rain chances in dry Argentina crop belts.* The soy basis rose at an Ohio elevator and Illinois processor. The basis fell at an ...Reuters
Wed, Jan 8
METALS-Copper edges up on fund buying, capped by China tariff worries
Recasts with prices at 1700 GMTBy Eric Onstad LONDON, Jan 8 (Reuters) - Copper prices extended gains for a fifth session on Wednesday as some funds dipped into the market, but a strong dollar and uncertainty about potential tariffs on the world's biggest metals consumer China kept the rise in che...Reuters
Wed, Jan 8
UPDATE 1-Coming Argentina rains seen limiting drought damage to soy, corn crops
Adds comments from second exchange, context, more Sierra comments, paragraphs 5-11By Maximilian Heath BUENOS AIRES, Jan 8 (Reuters) - Rains set to arrive in Argentina in mid-January should bring relief to soybeans and corn in the core farm region hit by a recent dry spell, a climatologist at the ...Reuters
Wed, Jan 8
Europe Gasoline/Naphtha-Gasoline margins rise even as US stocks increase
LONDON, Jan 8 (Reuters) - Northwest European gasoline refining profit margins rose by over $1 to $7.32 a barrel on Wednesday, even as data showed a bigger than expected increase in U.S. inventories.About 8,000 metric tons of Eurobob E5 barges traded. Shell and BP sold to Gunvor, Sahara and TotalEner...Reuters
Wed, Jan 8
Athletics-Obiri seeks Boston Marathon 'three-peat', Lemma to defend men's title
Jan 8 (Reuters) - Kenyan Hellen Obiri will pursue a third straight Boston Marathon title in April, the Boston Athletic Association said on Wednesday, while Ethiopian Sisay Lemma will defend his title in a speedy men's field.The 35-year-old Obiri has been dominant in the distance event since making h...Reuters
Wed, Jan 8
UPDATE 1-Chevron targets $6-8 bln in free cash flow growth next year, CEO says
Adds detail about U.S. Gulf of Mexico oil production, natural gas build out in paragraphs 3, 4, 6 and 7Chevron to reduce expenses by a couple billion dollars, CEO saysGulf of Mexico oil production to reach 300,000 barrels per day by 2026Chevron confident in Hess merger despite arbitration challengeB...Reuters
Wed, Jan 8
Alaska wildlife refuge drilling auction yields no bids, US says
Jan 8 (Reuters) - The U.S. Interior Department said on Wednesday that a congressionally mandated oil and gas drilling lease auction in Alaska's Arctic National Wildlife Refuge received no bids. (Reporting by Richard Valdmanis) ((richard.valdmanis@thomsonreuters.com; +1 617 312 6022; Reuters Messagin...Reuters
Wed, Jan 8
US oil imports from Canada hit record ahead of tariffs threat, EIA data shows
NEW YORK, Jan 8 (Reuters) - U.S. crude oil imports from Canada rose last week to the highest on record, data from the U.S. Energy Information Administration (EIA) showed on Wednesday, ahead of incoming U.S. president Donald Trump's plans to tariff imports.U.S. crude oil imports from Canada rose by 6...Reuters
Wed, Jan 8
CME Group to launch hard red spring wheat futures and options
Jan 8 (Reuters) - Financial services company CME Group CME.O plans to launch physically delivered hard red spring wheat futures and options in early Q2 2025, pending regulatory approvals, it said in a press release on Wednesday.Hard red spring wheat futures and options will be listed by and subject ...Reuters
Wed, Jan 8
Chevron targets $6-8 bln in free cash flow growth next year, CEO says
HOUSTON, Jan 8 (Reuters) - Chevron CVX.N is positioned to increase its free cash flow by $6 billion to $8 billion by next year, and reduce expenses by "a couple billion dollars," said Chevron CEO Michael Wirth on Wednesday. The No. 2 U.S. oil producer expects results to benefit from the start of new...Reuters
Wed, Jan 8
China foreign ministry not aware of Shandong Port Group ban on US-sanctioned ships
BEIJING, Jan 8 (Reuters) - China's foreign ministry said on Wednesday it was not aware of Shandong Port Group's decision to ban U.S.-sanctioned vessels from its network of east coast harbours.The group oversees several major terminals in the province of Shandong, which is the main entry point for Ir...Reuters
Wed, Jan 8
BRIEF-CME Group To Launch Hard Red Spring Wheat Futures And Options
Jan 8 (Reuters) - CME Group Inc CME.O:CME GROUP TO LAUNCH HARD RED SPRING WHEAT FUTURES AND OPTIONSSAYS HARD RED SPRING WHEAT FUTURES AND OPTIONS WILL BE LISTED BY AND SUBJECT TO THE RULES OF CBOTANNOUNCES PLANS TO LAUNCH PHYSICALLY-DELIVERED HARD RED SPRING WHEAT FUTURES AND OPTIONS IN EARLY Q2 202...Reuters
Wed, Jan 8
Californian utility SoCal Edison shuts power to over 114,000 customers due to wildfire risk
Jan 8 (Reuters) - Southern California Edison, a subsidiary of U.S. utility Edison International EIX.N that operates in California, has cut power to more than 110,000 customers to prevent damage to distribution lines from the wildfire, the company said on Wednesday. The wildfire has so far burned nea...Reuters
Wed, Jan 8
CBOT Trends-Wheat down 5-6 cents, corn and soy down 1-2 cents
CHICAGO, Jan 8 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Wednesday.WHEAT - Down 5 to 6 cents per bushel* Wheat futures tipped down as a rising dollar curbed prices while traders adjuste...Reuters
Wed, Jan 8
UPDATE 1-U.S. nuclear power plant outages
Adds outages tableJan 8 (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 ...Reuters
Wed, Jan 8
US natgas prices climb 4% on rising demand ahead of storage report
US utilities likely pulled less gas from storage last week than usualAnalysts expect big storage withdrawals in coming weeks due to extreme coldCold boosts spot gas prices in Northeast to highest since Jan 2024By Scott DiSavinoJan 8 (Reuters) - U.S. natural gas futures climbed about 4% on Wednesday ...Reuters
Wed, Jan 8
Oil trims gains on dollar strength, tight supplies provide support
Jan 8 (Reuters) - Oil prices trimmed earlier gains on Wednesday as the dollar strengthened but continued to find support from a tightening of supplies from Russia and other OPEC members and a drop in U.S. crude stocks.
Reuters
Wed, Jan 8
GRAINS-Chicago grains curbed by dollar strength as Argentine weather watched
Updates at 1231 GMT, changes dateline BEIJING/PARIS, Jan 8 (Reuters) - Chicago corn and wheat futures edged down on Wednesday while soybeans inched up as a rising dollar curbed U.S. prices and traders assessed rain chances in dry Argentina crop belts.Trading was cautious amid uncertainty over Pre...Reuters
Wed, Jan 8
