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CORRECTED-Chevron eyes Mississippi refinery to run Venezuelan oil, sources say
HOUSTON, Jan 13 (Reuters) - Chevron CVX.N plans to run Venezuelan crude oil at its Pascagoula, Mississippi refinery, according to people familiar with operations at the plant.No date has been set for Venezuelan crude to arrive at the 356,440-bpd Pascagoula refinery, the sources said.Reuters
Tue, Jan 13
LIVESTOCK-CME cattle futures hit multi-month peaks on tight supplies, lower corn
By Karl PlumeCHICAGO, Jan 13 (Reuters) - Chicago Mercantile Exchange cattle futures advanced for a second straight session on Tuesday, supported by tight supplies, firm packer demand and weaker feed corn costs, traders said.Rising wholesale beef prices following a beef production slowdown during the...Reuters
Tue, Jan 13
US Cash Crude-Grades rise as WTI-Brent spread trades at widest in eight months
HOUSTON, Jan 13 (Reuters) - Grades rose on Tuesday, dealers said as the spread between U.S. West Texas Intermediate crude and global benchmark Brent was trading at its widest since last April. The spread between WTI and Brent widened to as much as minus $4.76 during the session. A spread larger than...Reuters
Tue, Jan 13
CANADA-CRUDE-Discount on Western Canada Select widens slightly
Jan 13 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 widened slightly on Tuesday.WCS for February delivery in Hardisty, Alberta, settled at $14.40 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, com...Reuters
Tue, Jan 13
Chevron eyes Texas, Mississippi refineries to run Venezuelan oil, sources say
HOUSTON, Jan 13 (Reuters) - Chevron CVX.N plans to run Venezuelan crude oil at its Pasadena, Texas and Pascagoula, Mississippi refineries, according to people familiar with operations at the two plants.No date has been set for Venezuelan crude to arrive at the 118,750 barrel-per-day Pasadena and 356...Reuters
Tue, Jan 13
GRAINS-Corn, soybeans hit lowest prices since October on big supplies
Corn hits lowest price since late October on bigger-than-expected US supply outlookSoybeans weak after USDA cuts export forecast, raises Brazil's harvest viewBy Karl Plume CHICAGO, Jan 13 (Reuters) - U.S. corn futures slid to a three-month low on Tuesday, extending declines from the prior day...Reuters
Tue, Jan 13
Whiting refinery workers begin contract negotiations with BP
By Nicole JaoNEW YORK, Jan 13 (Reuters) - Workers at BP's BP.L refinery in Whiting, Indiana are in contract negotiations with the British oil major, which has proposed changes including job cuts at the 440,000-barrel-per-day facility, the United Steelworkers union said on Tuesday.The local USW u...Reuters
Tue, Jan 13
EXCLUSIVE-US files for warrants to seize dozens more Venezuela-linked oil tankers, sources say
US has seized five sanctioned vessels as it keeps grip on Venezuelan exportsMore seizures could come, but action paused since FridayRussia, which relies on shadow fleet, has said seizures were illegalBy Jonathan Saul LONDON, Jan 13 (Reuters) - The U.S. government has filed for court warrants to s...Reuters
Tue, Jan 13
US Plains HRW Wheat-Basis remains stable, traders eye US weather
CHICAGO, Jan 13 (Reuters) - Basis bids for hard red winter (HRW) wheat were steady to lower on Tuesday at grain elevators in the southern U.S. Plains, dealers said. Traders kept an eye on unfavorable dry weather in the region.A drier pattern was expected over the next 10 days in the Plains, Commodit...Reuters
Tue, Jan 13
US Cash Grains-Corn basis flat-up, falling prices slow farmer sales
CHICAGO, Jan 13 (Reuters) - Basis bids for U.S. corn were mostly steady to slightly higher on Tuesday at Midwestern grain elevators and processors as falling prices slowed farmer selling, traders said.Farmers were sitting on their hands and forgoing crop sales after corn and soy prices dropped on Mo...Reuters
Tue, Jan 13
EXCLUSIVE-Canadian oil tycoon proposes aiding US in Venezuela's oil revival
Adam Waterous says Canada's heavy oil expertise could be useful in VenezuelaStrathcona willing to send technical team Venezuelan oil revival could affect Canadian crude exports in the long termBy Amanda Stephenson CALGARY, Jan 13 (Reuters) - A Canadian tycoon who heads one of North Americ...Reuters
Tue, Jan 13
Data centers to drive strongest four-year growth in US power demand since 2000, EIA says
Jan 13 (Reuters) - The U.S. Energy Information Administration forecasts U.S. electricity use to rise by 1% this year and 3% in 2027, marking the first time since 2007 that power demand has risen for four years in a row and the strongest four-year growth period since 2000. "The driving factor beh...Reuters
Tue, Jan 13
Marathon overhauling Galveston Bay Refinery, Texas FCCU, sources say
By Erwin SebaHOUSTON, Jan 13 (Reuters) - Marathon Petroleum Corp MPC.N is overhauling the gasoline-producing fluidic catalytic cracker 3 (FCC-3) and two hydrotreaters at its 631,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, said people familiar with plant operations. The 140,...Reuters
Tue, Jan 13
US natgas futures edge up on record LNG export flows, colder forecasts
Record LNG export flows drive demand and pricesColder weather increases heating demand forecastsWaha Hub prices fall below zero due to pipeline constraintsBy Scott DiSavinoNEW YORK, Jan 13 (Reuters) - U.S. natural gas futures edged up on Tuesday after jumping about 8% on Monday on record flows to li...Reuters
Tue, Jan 13
New York Governor Unveils Ratepayer Protection Plan to Ensure Grid Reliability
Jan 13 (Reuters) - NEW YORK GOVERNOR:UNVEILS RATEPAYER PROTECTION PLAN TO HOLD ENERGY COMPANIES ACCOUNTABLE AND ENSURE A RELIABLE GRID PROPOSES SWEEPING REFORMS TO PROTECT RATEPAYERS FROM RISING UTILITY COSTS BY INTRODUCING THE NYS AFFORDABLE UTILITIES OMNIBUS LEGISLATIONREQUIRES DATA CENTERS TO PAY...Reuters
Tue, Jan 13
CBOT wheat eases on ample global supplies, lower corn and soy
CHICAGO, Jan 13 (Reuters) - Chicago Board of Trade wheat futures eased on Tuesday on rising global supplies and spillover weakness from lower corn and soybean prices, traders said. CBOT March soft red winter wheat WH26 settled down 3/4 cent at $5.10-1/2 per bushel.K.C. March hard red winter wheat K...Reuters
Tue, Jan 13
Marathon overhauling Galveston Bay Refinery, Texas FCCU, sources say
HOUSTON, Jan 13 (Reuters) - Marathon Petroleum Corp MPC.N is overhauling the gasoline-producing fluidic catalytic cracker 3 (FCC-3) and two hydrotreaters at its 631,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas City, Texas, said people familiar with plant operations. The 140,000-bpd FCC-3...Reuters
Tue, Jan 13
Oil prices rise by more than $1 a barrel on potential Iran supply disruption
Iran faces biggest anti-government demonstrations in yearsUnrest in Iran adds $3 to $4 a barrel risk premium, Barclays saysUS tariffs on Iran could hit oil exports to ChinaBy Laila Kearney and Seher Dareen NEW YORK/LONDON, Jan 13 (Reuters) - Oil prices surged by more than 2% on Tuesday as the pro...Reuters
Tue, Jan 13
Gold slips below $4,600 as US CPI cools, US Dollar caps gains
Gold (XAU/USD) retreats modestly on Tuesday following the release of December’s inflation data in the US, which confirmed that prices remain stable, an indication that further rate cuts by the Federal Reserve may lie ahead.
Fxstreet
Tue, Jan 13
