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Oil tanker seized by US near Venezuela was falsely flying Guyana flag, government says
GEORGETOWN, Dec 10 (Reuters) - Guyana's maritime authority said on Wednesday that supertanker Skipper carrying Venezuelan oil, which was seized by the United States, was falsely flying Guyana's flag."The Maritime Administration Department has observed the proliferation and unacceptable t...Reuters
Thu, Dec 11
Oil extends gains after US seizure of tanker off Venezuela
Dec 11 (Reuters) - Oil rose for a second straight session on Thursday after the U.S. seized a sanctioned oil tanker off Venezuela’s coast, escalating tensions between the two countries and raising concern over further supply disruptions. Brent crude futures LCOc1 rose 27 cents, or 0.4%, to $62.48 a ...Reuters
Thu, Dec 11
Mexico's Senate approves tariff hikes on Chinese, other Asian imports
MEXICO CITY, Dec 10 - Mexico's Senate approved on Wednesday tariff hikes of up to 50% next year on imports from China and several other Asian countries, aiming to bolster local industry despite opposition from business groups and affected governments.The proposal, passed earlier by the lower hou...Reuters
Thu, Dec 11
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Dec 11 (Reuters) - Contract Target Support/Resistance Brent oil (1st month)$62.40/$62res $62.73/$63.05/$63.46Palm oil (3rd month)4,082/4,056 ringgitres 4,109/4,141 ringgitWTI(1st month)$58.58/$58.40res $59.04/$59.20/$59.49Spot gold$4,276/$4,313su...Reuters
Thu, Dec 11
Venezuela forced to double discount on oil to Asia due to flood of sanctioned crude
Oil buyers in Asia are demanding deep discounts on Venezuelan crude due to a flood of sanctioned oil from Russia and Iran on offer and to heightened risk of loading in the South American country as the U.S. boosts its military presence in the Caribbean, traders and other sources said.Reuters
Thu, Dec 11
LIVESTOCK-Cattle futures advance; hogs up on firm cash market
CHICAGO, Dec 10 (Reuters) - Chicago Mercantile Exchange cattle futures rose modestly on Wednesday, supported by tight cattle supplies, even as wholesale beef prices declined, analysts said.CME February live cattle LCG26 settled up 1.575 cents at 228.525 cents per pound after reaching 228.700 cents, ...Reuters
Thu, Dec 11
Gold Price Forecast: XAU/USD drifts higher above $4,200 as Fed delivers expected cut
Gold price (XAU/USD) gains momentum to around $4,235 during the early Asian session on Thursday. The precious metal extends its upside after the US Federal Reserve (Fed) delivered an expected third consecutive interest rate cut and maintained its outlook for just one cut in 2026.
Fxstreet
Thu, Dec 11
BP, Woodside and Chevron are big winners at Gulf of Mexico oil and gas auction
BP, Woodside, Chevron dominate biddingChevron places highest bid of $18.6 million for Keithley Canyon blockCompanies bid more per acre than in any Gulf auction since 2017 Dec 10 (Reuters) - BP BP.L, Woodside Energy and Chevron CVX.N were the top winners on Wednesday at the U.S. government's f...Reuters
Thu, Dec 11
Venezuela accuses US of 'blatant theft' after tanker seized in Caribbean
CARACAS, Dec 10 - The Venezuelan government has accused the United States of "blatant theft" after it seized a sanctioned oil tanker off the coast of Venezuela, it said in a statement.The Venezuelan government said it would "defend its sovereignty, natural resources, and national dignity...Reuters
Thu, Dec 11
CIF/FOB Gulf Grain-Corn basis bids lower-mixed as barge freight rates rise
CHICAGO, Dec 10 (Reuters) - Basis bids for corn shipped by barge to U.S. Gulf Coast terminals eased on Wednesday on flat spot demand, and deferred months were mixed, as freight rates remained elevated and signs of potential river transportation delays cropped up, traders said.There were no basis bid...Reuters
Wed, Dec 10
CANADA-CRUDE-Discount on Western Canada Select at widest point since February
Dec 10 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 continued its widening trend on Wednesday, reaching its broadest point since February.WCS for January delivery in Hardisty, Alberta, settled at $13.75 a barrel below the U.S. ben...Reuters
Wed, Dec 10
Montana's youth fight to uphold climate case victory against new laws
By Dietrich Knauth NEW YORK, Dec 10 (Reuters) - A group of young activists sued Montana on Wednesday to protect their court victory in a landmark climate change case from new state laws designed to boost fossil fuel use and shorten environmental reviews. The plaintiffs, aged 15 to 24, were part o...Reuters
Wed, Dec 10
Seized tanker transported sanctioned oil from Venezuela and Iran, US attorney general says
WASHINGTON, Dec 10 (Reuters) - U.S. Attorney General Pam Bondi said on Wednesday that the United States had executed a seizure warrant for a crude oil tanker used to transport sanctioned oil from Venezuela and Iran. "For multiple years, the oil tanker has been sanctioned by the United States...Reuters
Wed, Dec 10
Albemarle wraps up validation of lithium pilot plant in Chile
SANTIAGO, Dec 10 (Reuters) - Albemarle said on Wednesday it completed the validation of its direct lithium extraction (DLE) pilot plant in Chile, allowing the company to finalize its design of a future commercial facility and proceed to environmental review. The U.S. company is one of two lithium mi...Reuters
Wed, Dec 10
BREAKINGVIEWS-India capex hole puts world-beating growth at risk
By Shritama BoseMUMBAI, Dec 11 (Reuters Breakingviews) - India’s blistering growth has a quality problem. GDP is speeding ahead at 8% in the world’s fifth-largest economy but the government is doing the heavy lifting on investment. Policymakers have spent years trying to coax companies into spending...Reuters
Wed, Dec 10
US Cash Crude-SGC firms as output at two Gulf of Mexico offshore platforms temporarily shut in
HOUSTON, Dec 10 (Reuters) - Southern Green Canyon (SGC) weakened on Wednesday as production at two Gulf of Mexico offshore platforms resumed after a temporary shut-in. SGC weakened by 40 cents to a discount of $2.85 to US West Texas Intermediate crude. The grade had firmed to $2.45 after Shell SHEL....Reuters
Wed, Dec 10
Turning screws on Russia should not impact legitimate maritime sector, say Cyprus and Malta
NICOSIA, Dec 10 (Reuters) - Discussions on the need to tighten sanctions on Russia, including the possibility of a blanket ban on providing maritime services, should not be at the expense of legitimate businesses in the industry, key EU shipping nations Cyprus and Malta said.The Group of Seven count...Reuters
Wed, Dec 10
