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US LNG gas demand hits record high on last day of the year
By Curtis Williams HOUSTON, Dec 31 (Reuters) - U.S. natural gas demand from LNG plants hit a record on Tuesday, the last day of the year, climbing to 15.2 billion cubic feed (bcf) in a sign of a strong year ahead from the startup of two new gas-processing plants, preliminary data from financial f...Reuters
Tue, Dec 31
GRAINS-Chicago soy, grain futures rise but look set for second annual drop
Updates with U.S. market openBy Renee Hickman CHICAGO, Dec 31 (Reuters) - Chicago soybean and corn futures rallied on Tuesday on short-covering and concerns over dry weather conditions in South America, market analysts said. But soybean, corn and wheat futures all were set to mark an annual pr...Reuters
Tue, Dec 31
UPDATE 2-US oil production rose to record high in October, EIA data shows
US oil output hit record high 13.46 mln bpd in Oct - EIADespite record, growth in US oil output moderating, analysts sayUS oil demand at highest in Oct since Aug 2019 - EIATop agencies likely to revise 2024 demand estimates higher - UBSAdds analysts comments, details on supply and demand throughoutB...Reuters
Tue, Dec 31
UPDATE 7-Oil prices edge up but set for second straight annual loss
Brent set to fall 3.1% compared with final 2023 closing priceWeak demand, ample supply could keep oil prices at $70 in 2025 US oil production hit record high in October, EIA says Trump could ramp up Iranian oil sanctions next year, tightening global suppliesUpdates prices at 12:48 p.m. ESTBy Georgin...Reuters
Tue, Dec 31
PRECIOUS-Perfect storm fuels gold's best yearly performance since 2010 as Trump 2.0 looms
Bullion headed for yearly gain of more than 26%, its second consecutive riseSilver headed for its best year since 2020, up nearly 22%Platinum, palladium on track for annual lossesUpdates with U.S. midday hoursBy Sherin Elizabeth Varghese Dec 31 (Reuters) - Gold prices were poised for an annual su...Reuters
Tue, Dec 31
WRAPUP 2-Europe's Russian gas era comes to an end as Ukraine transit stops
Adds Austria, Slovakia, European Commission comments in paragraphs 7-10Ukraine gas transit deal expires on Jan. 1European gas price reaction is muted Russia can still send gas to Europe via Turkey EU industrial competitiveness hit by loss of Russian gasSee Explainer: What happens when Russian gas su...Reuters
Tue, Dec 31
UPDATE 1-U.S. nuclear power plant outages
Adds outages tableDec 31 (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
Tue, Dec 31
UPDATE 1-Cotton futures decline for third year on demand struggles, tariff concerns
Adds latest prices and graphic Dec 31 (Reuters) - ICE cotton futures were headed to a third-consecutive annual decline, as weak global demand and concerns over U.S. President-elect Donald Trump's threatened trade tariffs on top consumer China weighed on the market.The front-month March CTc1 contr...Reuters
Tue, Dec 31
UPDATE 6-Oil prices set for second-straight annual loss, edge up on the day
Brent set to fall 3.2% compared with final 2023 closing priceWeak demand, ample supply could keep oil prices at $70 in 2025 US oil production hit record high in October, EIA says Trump could ramp up Iranian oil sanctions next year, tightening global suppliesUpdates with US midday trading, adds bylin...Reuters
Tue, Dec 31
US Cash Grains-Corn basis steady-weak; farmer selling noted
CHICAGO, Dec 31 (Reuters) - Spot basis bids for corn and soybeans were mostly steady to weaker in the U.S. Midwest on Tuesday, with some brokers noting an increase in farmer selling as Chicago Board of Trade corn futures Cv1 hovered near six-month highs.* The basis fell by 2 to 3 cents a bushel at c...Reuters
Tue, Dec 31
UPDATE 1-US natgas prices see best year since 2016 as LNG export demand surges
Updates with U.S. midday trade Dec 31 (Reuters) - U.S. natural gas futures retreated on Tuesday as traders booked profits, though the market looked set for its biggest annual jump since 2016 fueled by an increase in gas flowing to liquefied natural gas (LNG) export plants on rising overseas deman...Reuters
Tue, Dec 31
METALS-Copper slips on day but heads for second straight annual rise
Updates pricesBy Ashitha Shivaprasad Dec 31 (Reuters) - Copper prices fell on Tuesday but were on track for a second consecutive yearly gain, while the red metal's outlook for next year hinges on China's economic recovery and U.S. President-elect Donald Trump's policies.Three-month copper on the ...Reuters
Tue, Dec 31
BMW, Yamaha Motor back US rare earths startup Phoenix Tailings
By Ernest Scheyder Dec 31 (Reuters) - BMW BMWG.DE and Yamaha Motor 7272.T have invested in U.S.-based rare earths processing startup Phoenix Tailings, the latest move by manufacturers to boost production of the strategic metals outside of China. Rare earths are a group of 17 metals used to mak...Reuters
Tue, Dec 31
Cotton futures decline for third year on demand struggles, tariff concerns
Dec 31 (Reuters) - ICE cotton futures were headed to a third-consecutive annual decline, as weak global demand and concerns over U.S. President-elect Donald Trump's threatened trade tariffs on top consumer China weighed on the market.The front-month March CTc1 contract rose 0.3% or 0.21 cent at 68.6...Reuters
Tue, Dec 31
UPDATE 1-US oil production rose to record high in October, EIA data shows
Adds context and details on production and demand throughoutNEW YORK, Dec 31 (Reuters) - U.S. oil production rose 260,000 barrels per day (bpd) month-over-month to a record 13.46 million bpd in October as demand surged to the highest levels since the pandemic, data from the U.S. Energy Information A...Reuters
Tue, Dec 31
Maersk asks customers to remove cargo before potential strike at US ports
Dec 31 (Reuters) - Shipping giant AP Moller-Maersk MAERSKb.CO has urged customers to pick up their laden containers and return the empty ones at the U.S. East and Gulf Coast ports before Jan. 15 to mitigate potential disruptions at the terminals on account of a strike."The conditional agreement on w...Reuters
Tue, Dec 31
WRAPUP 1-Europe's Russian gas era comes to an end as Ukraine transit stops
Ukraine gas transit deal expires on Jan 1European gas price reaction is muted Russia has lost EU gas markets to US, Norway, QatarEU industrial decline exacerbated by loss of Russian gas MOSCOW, Dec 31 (Reuters) - Russian gas supplies to Europe via Ukraine are set to end on New Year's Day, bringin...Reuters
Tue, Dec 31
BRIEF-Shell Reports Operational Issue At Manufacturing Centre In Corunna, Sarnia - Alert
Dec 31 (Reuters) - Shell PLC SHEL.L:REPORTS OPERATIONAL ISSUE AT MANUFACTURING CENTRE IN CORUNNAREPORTS AIR MONITORING HAS BEEN INITIATED AND WILL CONTINUE AS APPROPRIATESOURCE: COMMUNITY ALERTCAPACITY: 85,000 BARRELS PER DAY ((Reuters.Briefs@thomsonreuters.com;))Reuters
Tue, Dec 31
UPDATE 1-Ukraine transit operator says Russia has not nominated gas volumes for Jan. 1 so far
Adds visuals, context starting paragraph 2Dec 31 (Reuters) - Ukraine's gas transit operator said Russia had not nominated any gas flows for Jan. 1 through the Ukrainian pipeline to Europe as of 1500 GMT on Tuesday, hours ahead of the expiration of a five-year contract between Gazprom and Ukraine's N...Reuters
Tue, Dec 31
