News
Important Only
UPDATE 8-Oil heads for weekly gains on colder weather, Chinese policy support
Colder weather in Europe and US expected to boost oil demandChinese economic frailties heighten hopes of further stimulus U.S. crude stockpiles fell last weekUpdates with mid-session tradingBy Arathy Somasekhar HOUSTON, Jan 3 (Reuters) - Oil prices edged higher on Friday and were on track for wee...Reuters
Fri, Jan 3
North Sea Crude-Forties on offer
LONDON, Jan 3 (Reuters) - North Sea Forties crude differentials were stable on Friday as sellers were again looking to offload cargoes in the Platts window, albeit at slightly higher levels than in the previous session. PLATTS WINDOW* Indications are on a free-on-board (FOB) basis unless...Reuters
Fri, Jan 3
Europe Gasoline/Naphtha-Gasoline margins soften on high stocks
LONDON, Jan 3 (Reuters) - Northwest European gasoline refining profit margins fell slightly to $6.13 per barrel on Friday, weighed down by a rise in inventories and slower export demand. About 4,000 metric tons of Eurobob E5 barges traded, which BP sold to Trafigura and ExxonMobil.Shell sold 10,000...Reuters
Fri, Jan 3
METALS-Copper drifts higher on Chinese economic support pledge
Chinese economic support boosts copper despite tariff concernsLME copper up 0.8%, holding above five-month lowDollar set for strongest week in more than a monthUpdates prices at 1700 GMTBy Eric Onstad LONDON, Jan 3 (Reuters) - Copper prices held in positive territory on Friday after China pledged...Reuters
Fri, Jan 3
UPDATE 1-Moscow-backed enclave in Moldova feels pain from lack of Russian gas
Transdniestria hit hard by severing of gas routeIndustry shut down, people left without heat and hot waterResidents queue to buy electric stoves and heatersMoldova says Russia is creating security crisisEmbeds locator map and adds GRAPHIC flag, no changes to textBy Mark Trevelyan, Lucy Papachristou ...Reuters
Fri, Jan 3
PRECIOUS-Gold slips from three-week high as strong dollar weighs
Bullion up 0.8% this week so farU.S. central bank projects two rate reductions in 2025 Dollar set for strongest weekly performance since mid NovemberUpdates with U.S. midday hoursBy Sherin Elizabeth Varghese Jan 3 (Reuters) - Gold prices retreated from a three-week high on Friday, pressured by a ...Reuters
Fri, Jan 3
UPDATE 7-Oil heads for weekly gains on colder weather, Chinese policy support
Colder weather in Europe and US expected to boost oil demandChinese economic frailties heighten hopes of further stimulus U.S. crude stocks fell last weekUpdates with mid-session trading, changes byline, dateline, previous LONDONBy Arathy Somasekhar HOUSTON, Jan 3 (Reuters) - Oil prices ticked up...Reuters
Fri, Jan 3
Moscow-backed enclave in Moldova feels pain from lack of Russian gas
Transdniestria hit hard by severing of gas routeIndustry shut down, people left without heat and hot waterResidents queue to buy electric stoves and heatersMoldova says Russia is creating security crisisBy Mark Trevelyan, Lucy Papachristou and Filipp Lebedev Jan 3 (Reuters) - The severing of one ...Reuters
Fri, Jan 3
US Cash Grains-Corn, soy basis mostly steady-weaker; weekend storm eyed
CHICAGO, Jan 3 (Reuters) - Spot basis bids for corn softened at grain elevators along U.S. Midwest rivers on Friday but held steady elsewhere following a flurry of farmer grain sales in recent days as Chicago Board of Trade corn futures Cv1 hovered near six-month highs.* The spot basis for corn fell...Reuters
Fri, Jan 3
CORRECTED-Ford's US sales rise 4.2% in 2024
Corrects keyword used by media clients to AUTOS-SALES/FORD MOTORJan 3 (Reuters) - Ford Motor F.N reported a 4.2% rise in its 2024 U.S. sales on Friday, driven by higher demand for gasoline and hybrid vehicles.The automaker posted total annual sales of 2,078,832 units, compared with the 1,995,912 uni...Reuters
Fri, Jan 3
UPDATE 1-US natural gas prices drop 7% on milder weather forecasts, small storage draw
Adds EIA storage report, latest pricesUS weekly gas storage draw below analysts' expectationsUS LNG export feedgas on track to hit daily, monthly record highsEuropean gas prices trading at 13-month highsBy Scott DiSavino Jan 3 (Reuters) - U.S. natural gas futures dropped about 7% to a two-week lo...Reuters
Fri, Jan 3
BRIEF-U.S. Steel Corp Co, Nippon Steel Issues Statement On Decision To Block Proposed Transaction
Jan 3 (Reuters) - UNITED STATES STEEL CORP:UNITED STATES STEEL CORP: CO, NIPPON STEEL ISSUED STATEMENT ON DECISION TO BLOCK PROPOSED TRANSACTIONUNITED STATES STEEL CORP: "COMPANIES WILL TAKE ALL APPROPRIATE ACTION TO PROTECT THEIR LEGAL RIGHTS"Source text: ID:nBw3bSc6haFurther company coverage: 5401...Reuters
Fri, Jan 3
METALS-Copper edges higher on Chinese economic support pledge
Chinese economic support boosts copper despite tariff concernsLME copper up 0.1%, holding above five-month lowDollar set for strongest week in more than a monthUpdates prices at 1525 GMT, adds news on Indonesia nickelBy Eric Onstad LONDON, Jan 3 (Reuters) - Copper prices held in positive territor...Reuters
Fri, Jan 3
UPDATE 1-Biden team offers nuclear path to hydrogen tax credit
Treasury adjusts rules to favor portions of nuclear reactors in hydrogen productionNatural gas plants could earn credits with carbon capture technologySome environmental groups oppose nuclear reactors qualifying for clean hydrogen creditsRecasts with comment from Constellation utility, detail of rul...Reuters
Fri, Jan 3
PRECIOUS-Gold slips from three-week high as strong dollar weighs
Bullion up over 1% this week so farU.S. central bank projects two rate reductions in 2025 Dollar set for strongest weekly performance since mid NovemberUpdates with U.S. morning hoursBy Sherin Elizabeth Varghese Jan 3 (Reuters) - Gold prices retreated from a three-week high on Friday, pressured b...Reuters
Fri, Jan 3
Venezuela's 2024 oil exports climb 10.5% amid political turmoil
Oil shipments to the U.S. rose 64%, to India up sixfoldCrude oil production up 17% in first 11 months of last yearBy Marianna Parraga HOUSTON, Jan 3 (Reuters) - Venezuela's oil exports rose 10.5% last year despite political instability and changes to the U.S. sanctions regime on the country, as p...Reuters
Fri, Jan 3
UPDATE 6-Oil set for weekly gains on colder weather, Chinese policy support
Colder weather in Europe and US expected to boost oil demandChinese economic frailties heighten hopes of further stimulus U.S. crude stocks fallUpdates pricesBy Enes Tunagur LONDON, Jan 3 (Reuters) - Oil prices held steady on Friday, remaining poised for weekly gains after closing the previous se...Reuters
Fri, Jan 3
PRESS DIGEST-Canada - Jan 3
Jan 3 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL** Canada's senior liberal MPs will meet to discuss how to increase pressure on Prime Minister Justin Trudeau to revea...Reuters
Fri, Jan 3
CBOT Trends-Wheat down 4-5 cents, corn down 1-3 cents, soy down 6-8 cents
CHICAGO, Jan 3 (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 Friday.WHEAT - Down 4 to 5 cents per bushel* Wheat futures head lower for a second straight session on a lack of supportive news...Reuters
Fri, Jan 3
