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Valero books $1.1 bln impairment hit, may idle Benicia refinery
April 16 (Reuters) - Valero VLO.N said it has recorded a $1.1 billion pre-tax impairment related to its California refineries and notified state regulators of its intent to idle, restructure, or cease operations at its Benicia refinery by the end of April 2026.The move comes as refiners face growing...Reuters
Wed, Apr 16
Putin and Qatar's emir to discuss Ukraine and energy
Putin and Qatar's emir to meet in MoscowTo discuss Ukraine, Syria, Gaza and energy Qatar has tried to mediate for peace in Ukraine By Guy Faulconbridge and Anastasia Lyrchikova MOSCOW, April 16 (Reuters) - Russian President Vladimir Putin and Qatar's Emir Sheikh Tamim bin Hamad Al-Thani w...Reuters
Wed, Apr 16
South Bow restarts Keystone pipeline after safety administration approval
April 16 (Reuters) - South Bow SOBO.TO has restarted the Keystone pipeline system at a reduced operating pressure after approval from the Pipeline and Hazardous Materials Safety Administration (PHMSA), it said on Wednesday.The 4,327 km (2,689 mile) Keystone pipeline, a major conduit for crude oil su...Reuters
Wed, Apr 16
U.S. nuclear power plant outages
April 16 (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 Tota...Reuters
Wed, Apr 16
Valero Energy evaluating alternatives for Benicia refinery operations
April 16 (Reuters) - Valero Energy VLO.N said on Wednesday it has notified the California Energy Commission of its intention to idle, restructure or cease refining operations at Benicia refinery by the end of April 2026.Reuters
Wed, Apr 16
GRAINS-Soybeans below seven-week highs on ample South American supply, tariffs
CANBERRA/PARIS, April 16 (Reuters) - Chicago soybean futures were nearly flat on Wednesday but down from Monday's seven-week highs in response to strong supply from South America plus the impact of tariffs on Chinese demand for U.S. beans. Corn and wheat futures rose, supported by a renewed weak...Reuters
Wed, Apr 16
Ukraine accuses Russia of attacking its energy infrastructure 30 times since March
KYIV, April 16 (Reuters) - Ukraine accused Russia on Wednesday of carrying out more than 30 attacks on its energy infrastructure since the two sides agreed in March to pause strikes on such targets.Ukraine's foreign ministry spokesperson, Heorhyi Tykhyi, told a news briefing that Russia attacked...Reuters
Wed, Apr 16
SOFTS-Raw sugar recovers from 2-1/2 year low; cocoa drifts down
LONDON, April 16 (Reuters) - Raw sugar futures on the ICE exchange recovered from a 2-1/2 year low on Wednesday, though prospects for improved supplies kept gains in check, while cocoa continued to drift lower. SUGAR* Raw sugar SBc1 was up 0.6% at 17.62 cents per lb by 1200 GMT, having ...Reuters
Wed, Apr 16
Lower silver demand and higher supply to reduce global deficit by 21% in 2025
Silver faces fifth year of structural market deficitTotal demand seen down 1% in 2025 after 3% fall in 2024Industrial demand reached a record high in 2024Mine supply seen rising 2% in 2025LONDON, April 16 (Reuters) - The global silver deficit is expected to narrow by 21% to 117.6 million troy ounces...Reuters
Wed, Apr 16
FACTBOX-How Germany is building up LNG import terminals
April 16 (Reuters) - Germany has looked to liquefied natural gas (LNG) imports to replace piped Russian gas since Moscow's invasion of Ukraine in 2022.Its first move has been to deploy floating storage regasification units (FSRUs) to receive seaborne LNG, while longer term it plans shore-based r...Reuters
Wed, Apr 16
Ukraine and US make 'substantial progress' on minerals deal, Kyiv says
KYIV, April 16 (Reuters) - Ukraine and the United States have made "substantial progress" in their talks on a minerals deal and will sign a memorandum in the near future, first deputy prime minister Yulia Svyrydenko said on Wednesday.Svyrydenko said on Facebook the future agreement would hel...Reuters
Wed, Apr 16
India eyes ending import tax on US ethane and LPG in trade talks, sources say
By Nidhi Verma NEW DELHI, April 16 (Reuters) - India plans to end taxes on U.S. ethane and liquefied petroleum gas (LPG) imports under broader negotiations with Washington as it looks to reduce its trade surplus and ease its tariff burden, three sources familiar with the matter said.The proposal ...Reuters
Wed, Apr 16
South Bow restarts Keystone pipeline after safety administration approval
April 16 (Reuters) - Pipeline operator South Bow SOBO.TO has restarted the Keystone pipeline system after approval from the Pipeline and Hazardous Materials Safety Administration to resume operations, it said on Wednesday.The 4,327 km (2,689 miles) Keystone pipeline, a major conduit for crude oil su...Reuters
Wed, Apr 16
RPT-COLUMN-Reality Check: Will adding fringe US corn acres drag down yield? - Braun
By Karen BraunNAPERVILLE, Illinois, April 15 (Reuters) - U.S. corn farmers this year are set to plant one of their biggest areas in history as the crop’s profitability potential is unusually strong versus alternative crops.Both high-yielding and low-yielding states are set to boost corn acres this y...Reuters
Wed, Apr 16
PRECIOUS-Gold hits record above $3,300 as trade tensions fuel rally
Trump orders probe into potential tariffs on US critical minerals importsGold hits record high of $3,317.90ANZ raises year-end gold price forecast to $3,600By Anmol Choubey April 16 (Reuters) - Gold prices surpassed the $3,300 mark for the first time on Wednesday, as investors sought safe-haven a...Reuters
Wed, Apr 16
Gold strengthens as Trump retaliates against China’s export control on rare minerals
Gold price (XAU/USD) extends bullish momentum and posts a fresh all-time high (ATH) near $3,318 during European trading hours on Wednesday. The precious metal remains an attractive investment amid heightening global trade tensions.
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Wed, Apr 16
Dozens of employees leaving US EIA, putting crucial energy data at risk, sources say
By Arathy Somasekhar and Stephanie Kelly HOUSTON, April 16 (Reuters) - The U.S. government's energy statistics arm is set to lose dozens of employees after the Trump administration's latest round of resignation offers, putting at risk some of the most closely watched energy reports global...Reuters
Wed, Apr 16
VEGOILS-Palm oil closes at its lowest since October as weak rivals weigh
JAKARTA, April 16 (Reuters) - Malaysian palm oil futures extended losses into a third session on Wednesday, dragged down by lacklustre performances in Dalian vegetable oils and expectations of improved output.The benchmark palm oil contract FCPOc3 for July delivery on the Bursa Malaysia Derivatives ...Reuters
Wed, Apr 16
Trump orders tariff probe on all US critical mineral imports
Order marks escalation in global trade conflictUS seen as overly reliant on others for critical mineralsComes after launch of copper tariff probe in FebruaryAdministration cites national security groundsBy Ernest Scheyder and Costas Pitas April 16 (Reuters) - U.S. President Donald Trump on Tuesda...Reuters
Wed, Apr 16
