News
Important Only
US oil production rose to record high in October, EIA data shows
NEW YORK, Dec 31 (Reuters) - U.S. oil production rose 259,000 barrels per day (bpd) 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 Administration showed on Tuesday.Product supplied for crude oil and petroleum,...Reuters
Tue, Dec 31
Ukraine transit operator says Russia has not nominated gas volumes for Jan. 1 so far
Dec 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 Naftogaz.Ukraine has repeatedly said it wil...Reuters
Tue, Dec 31
US natgas prices see best year since 2016 as LNG export demand surges
Dec 31 (Reuters) - U.S. natural gas futures retreated on Tuesday as traders booked profits after prices surged to a two-year peak in the previous session, 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 pl...Reuters
Tue, Dec 31
UPDATE 3-Puerto Rico's power grid collapses, leaving island in the dark
Adds comment from Puerto Rico's governor in paragraphs 7 and 8Dec 31 (Reuters) - Puerto Ricans were without electricity early on New Year's Eve after a grid failure left nearly all of the island without power. Around 90% of clients were without power at 09:30 (1330 GMT) on Tuesday, according to ene...Reuters
Tue, Dec 31
UPDATE 5-Oil prices set for second annual loss in a row, stable day on day
Updates pricesBy Robert Harvey LONDON, Dec 31 (Reuters) - Oil prices were on track to end 2024 with a second consecutive year of losses on Tuesday, but were steady on the day as data showing an expansion in Chinese manufacturing was balanced by Nigeria targeting higher output next year. Brent cru...Reuters
Tue, Dec 31
BRIEF-Valero Benicia, California Refinery Reports Flaring
Dec 31 (Reuters) - VALERO ENERGY CORP: REPORTS FLARING AT BENICIA, CALIFORNIA REFINERY SOURCE: CALIFORNIA EMERGENCY MANAGEMENT AGENCY (CALEMA) FILINGREFINERY CAPACITY: 145,000 BARRELS PER DAY ((reuters.Briefs@thomsonreuters.com))Reuters
Tue, Dec 31
CBOT Trends-Wheat up 3-4 cents, corn up 2-3 cents, soy up 3-5 cents
CHICAGO, Dec 31 (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 Tuesday.NOTE: CBOT grain markets are scheduled to close at the normal time on Tuesday. U.S. markets will be closed on Wednesday...Reuters
Tue, Dec 31
UPDATE 2-Puerto Rico's power grid collapses, leaving island in the dark
Adds detail from power company Luma in paragraphs 3,4, latest from Genera in paragraphs 5,6Dec 31 (Reuters) - Puerto Rico woke up in darkness on Tuesday morning after a power grid failure left nearly all of the island without electricity.Around 90% of clients were without power at 9:30 a.m. (1330 GM...Reuters
Tue, Dec 31
Europe Gasoline/Naphtha-Gasoline margins end year lower
LONDON, Dec 31 (Reuters) - Northwest European gasoline refining profit margins ended the year lower at $7.47 per barrel, having started 2024 above $10 per barrel.About 4,000 metric tons of Eurobob E5 barges traded. Shell sold to Trafigura. A further 8,000 tons of Eurobob E10 traded. BP sold to Varo,...Reuters
Tue, Dec 31
EXPLAINER-What happens when Russian gas supply to Europe via Ukraine ends?
Dec 31 (Reuters) - Russian gas supplies sent via Ukraine to Europe for more than 40 years are scheduled to end on January 1 after Ukraine's Naftogaz refused to renew its latest five-year transit deal with Russia's Gazprom. Despite the war between the two countries, Ukrainian President Volodymyr Zele...Reuters
Tue, Dec 31
UPDATE 4-Oil prices set for second annual loss in a row, stable day on day
Updates prices at 1306 GMTBy Robert Harvey LONDON, Dec 31 (Reuters) - Oil prices were on track to end 2024 with a second consecutive year of losses on Tuesday, but were steady on the day as data showing an expansion in Chinese manufacturing was balanced by Nigeria targeting higher output next yea...Reuters
Tue, Dec 31
PRECIOUS-Gold set for brightest year since 2010 on rate cuts, safe-haven demand
Bullion headed for over 26% yearly gain, its second consecutive riseSilver's year-to-date gains nearly 22%Platinum, palladium set for annual lossesUpdates with mid-session tradingBy Daksh Grover and Sherin Elizabeth Varghese Dec 31 (Reuters) - Gold prices were set to end a record-breaking year on...Reuters
Tue, Dec 31
METALS-Copper slips but heads for second straight yearly rise
Adds graphic, 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 ...Reuters
Tue, Dec 31
Nearly all of Puerto Rico dark on power grid collapse
Dec 31 (Reuters) - Nearly all of Puerto Rico was in darkness on Tuesday morning after the power grid collapsed, data showed. Around 90% of clients on the island were without power at 9 a.m. local time, according to energy distribution company Luma Energy's real-time portal. Power generator Genera, m...Reuters
Tue, Dec 31
GRAINS-Soy, wheat, corn set for second annual drop despite late gains
Updates at 1202 GMT, changes dateline PARIS/SINGAPORE, Dec 31 (Reuters) - Chicago soybean, wheat and corn futures were set for second straight annual declines on Tuesday as world supplies remained ample, though weather concerns helped prices regain some ground at the year's end.Forecasts of dry c...Reuters
Tue, Dec 31
BRIEF-Valero Houston, Texas Refinery Reports Maintenance Activities
Dec 31 (Reuters) - VALERO ENERGY CORP VLO.N: REPORTS MAINTENANCE ACTIVITIES MAY REQUIRE FLARING AT HOUSTON, TEXAS REFINERY SOURCE: COMMUNITY ALERTREFINERY CAPACITY: 205,000 BARRELS PER DAY ((reuters.Briefs@thomsonreuters.com))Reuters
Tue, Dec 31
PRECIOUS-Gold set for brightest year since 2010 on rate cuts, safe-haven demand
Bullion headed for over 26% yearly gain, its second consecutive riseSilver's year-to-date gains nearly 22%Platinum, palladium set for annual lossesUpdates with mid-session tradingBy Daksh Grover and Sherin Elizabeth Varghese Dec 31 (Reuters) - Gold prices were set to end a record-breaking year on...Reuters
Tue, Dec 31
BRIEF-TXNM Energy PNM Issued Request For Proposals For 900 Megawatts Of New Energy Resources
Dec 31 (Reuters) - TXNM Energy Inc TXNM.N:TXNM ENERGY: PNM ISSUED REQUEST FOR PROPOSALS FOR 900 MEGAWATTS OF NEW ENERGY RESOURCES TO COME ONLINE BETWEEN 2029 & 2032 IN NEW MEXICOTXNM ENERGY: PNM PLANS TO EXIT ITS MINORITY OWNERSHIP FROM COAL FIRED FOUR CORNERS POWER PLANT WHEN CURRENT AGREEMENTS EXP...Reuters
Tue, Dec 31
UPDATE 3-Russia reduces gas flow to Europe via Ukraine on last day of expiring deal
Ukraine gas transit deal expires on Jan. 1European gas price reaction is muted Russia lost EU gas markets to US, Norway, QatarEU industrial decline exacerbated by loss of Russian gasAdds Putin in paragraph 3 and price reaction in paragraph 5 MOSCOW, Dec 31 (Reuters) - Russian energy company Gazpr...Reuters
Tue, Dec 31
UPDATE 3-Oil set for annual loss although buoyed on the day by China data
Changes byline and dateline, updates prices at 1107 GMTBy Robert Harvey LONDON, Dec 31 (Reuters) - Oil prices were on track to end 2024 with a second consecutive year of losses, although they rose on the day on Tuesday after data showed China's manufacturing activity expanded in December. Brent c...Reuters
Tue, Dec 31
