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EXCLUSIVE-Venezuela begins reversing oil output cuts as exports resume, sources say
Third tanker departed on Tuesday signaling a Bahamas terminal as destinationOil output fell to some 880,000 bpd last week, from 1.16 million bpd in late NovPDVSA execs organizing meetings, engaged in auditBy Marianna Parraga Jan 13 (Reuters) - Venezuela's state energy company PDVSA has begun ...Reuters
Tue, Jan 13
GRAINS-Corn sinks to 3-month low after USDA surprises market with supply estimates
Corn hits lowest since late October on bigger than expected U.S. supply outlookSoybeans weak after USDA cut export forecast, raised Brazil harvest viewBy Karl Plume CHICAGO, Jan 13 (Reuters) - U.S. corn futures slid to a fresh three-month low on Tuesday, extending prior-day declines triggered...Reuters
Tue, Jan 13
US oil drilling to slow as prices slump, Venezuela growth could amplify pressure, EIA says
By Shariq Khan and Scott DiSavino NEW YORK, Jan 13 (Reuters) - Lower oil prices are expected to cut U.S. drilling activity and reduce output by 1% this year from the top producing country, while potentially higher supply from Venezuela could add pressure, the Energy Information Administration sai...Reuters
Tue, Jan 13
Venezuela asks US court of appeals to vacate sale order of Citgo's parent
By Marianna Parraga HOUSTON, Jan 13 (Reuters) - Parties representing Venezuela in a court-ordered auction of the parent of Venezuela-owned Citgo Petroleum have requested a U.S. court of appeals to vacate a ruling by a judge that ordered the sale of the shares to an affiliate of Elliott Investment...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 America...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
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 America...Reuters
Tue, Jan 13
India and US discuss trade, critical minerals and nuclear power
Jan 13 (Reuters) - India's foreign minister Subrahmanyam Jaishankar said on Tuesday he held talks on trade, critical minerals and energy with U.S. Secretary of State Marco Rubio.India and the United States have set a target of more than doubling bilateral trade to $500 billion by 2030, while New...Reuters
Tue, Jan 13
Drones hit two tankers in Black Sea as Kazakh oil production plummets, managers say
Drones hit tankers near terminal exporting Kazakh oil Ukrainian drone attacked CPC terminal on November 29Kazakh oil output down 35% January 1–12, source says MOSCOW/ATHENS/LONDON Jan 13 (Reuters) - Drones struck two oil tankers in the Black Sea on Tuesday, including one chartered by U.S. oil maj...Reuters
Tue, Jan 13
CORRECTED-US oil drilling to slow as prices slump, Venezuela growth could amplify pressure, EIA says
By Shariq Khan and Scott DiSavino NEW YORK, Jan 13 (Reuters) - Lower oil prices are expected to cut U.S. drilling activity and reduce output 1% this year from the top producing country, while potentially higher output from Venezuela could add pressure, the Energy Information Administration said o...Reuters
Tue, Jan 13
US natgas output to hit record high in 2026, while demand declines, EIA says
By Scott DiSavinoNEW YORK, Jan 13 (Reuters) - U.S. natural gas output will rise to a record high in 2026, while demand will decline, the U.S. Energy Information Administration said in its Short-Term Energy Outlook (STEO) on Tuesday.EIA projected dry gas production will rise from a record 107.4 billi...Reuters
Tue, Jan 13
US crude output to ease in 2026, while demand remains flat, says EIA data
NEW YORK, Jan 13 (Reuters) - U.S. crude production will ease in 2026 and 2027 after reaching a record high in 2025, while petroleum demand will hold steady this year, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday.EIA projected crude producti...Reuters
Tue, Jan 13
Black Sea war insurance rates jump after tanker attacks, sources say
By Jonathan Saul LONDON, Jan 13 (Reuters) - War insurance costs for ships sailing to the Black Sea nearly doubled on Tuesday after two Greek-managed oil tankers were hit by unidentified drones while on their way to load crude at a terminal on Russia's coast, five industry sources said.The Bla...Reuters
Tue, Jan 13
Trump proposes revision of Biden tweak to clean water rule
By Timothy Gardner WASHINGTON, Jan 13 (Reuters) - The Trump administration on Tuesday proposed a rule revising Biden-era pollution protections for waterways, a move the Environmental Protection Agency said would speed permitting of energy and artificial intelligence infrastructure.The proposed ru...Reuters
Tue, Jan 13
EXCLUSIVE-Venezuela begins reversing oil output cuts as exports resume, sources say
Third tanker departed on Tuesday signaling a Bahamas terminal as destinationOil output fell to some 880,000 bpd last week, from 1.16 million bpd in late NovTrafigura, Vitol negotiating Venezuelan oil cargoes under U.S. licensesBy Marianna Parraga Jan 13 (Reuters) - Venezuela's state energy co...Reuters
Tue, Jan 13
Qatari PM backs efforts to 'de-escalate' in phone call with top Iranian official
CAIRO, Jan 13 (Reuters) - Qatari Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani expressed Doha's support on Tuesday for "all efforts aiming to de-escalate and peaceful solutions" during a phone call with Iran's Supreme National Security Council Secretary Ali Larijani.The Qat...Reuters
Tue, Jan 13
Europe Gasoline/Naphtha-Gasoline refining margins fall
LONDON, Jan 13 (Reuters) - Northwest European gasoline refinery profit margins fell by 34 cents on Tuesday to $9.22 a barrel.About 11,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window as Equinor, ExxonMobil and Trafigura sold to BP, Varo and TotalEnergies. No Eurobob E10 ga...Reuters
Tue, Jan 13
WTI surges on Iran tensions, Venezuelan Oil export resumption tempers gains
West Texas Intermediate (WTI) US Oil trades around $60.80 per barrel on Tuesday, up 2.45% on the day, extending a four-day bullish move. The US Crude Oil benchmark has returned to its highest levels in two months, supported by a renewed surge in geopolitical tensions in the Middle East.
Fxstreet
Tue, Jan 13
LIVE MARKETS-Checking in on a forgotten corner of commodities: Agriculture
Nasdaq modestly green, S&P 500 near flat, Dow declinesEnergy leads S&P 500 sector gainers; Financials weakest groupEuro STOXX 600 index falls ~0.1%Dollar, gold gain; bitcoin up ~2.5%; crude rallies >2%US 10-Year Treasury yield edges down to ~4.18%Welcome to the home for real-time coverage...Reuters
Tue, Jan 13
India and US held talks on trade and critical minerals, foreign minister says
Jan 13 (Reuters) - India's foreign minister Subrahmanyam Jaishankar said on Tuesday he held talks on trade, critical minerals and energy with U.S. Secretary of State Marco Rubio."Just concluded a good conversation with Secretary Rubio. Discussed trade, critical minerals, nuclear cooperation,...Reuters
Tue, Jan 13
