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Germany's finance minister Klingbeil says Washington meeting addressed rare earth price floor
G7+ discusses price floors for rare earths to cut China's market influenceKlingbeil emphasizes cooperation, not confrontation, with ChinaForeign ministers to meet soon on rare earths strategyBy Maria Martinez WASHINGTON, Jan 12 (Reuters) - Finance ministers from a group of advanced economies ...Reuters
Mon, Jan 12
US oil lobby group backs repeal of key climate rule for vehicles, not power plants
WASHINGTON, Jan 12 (Reuters) - The American Petroleum Institute supports the Environmental Protection Agency's proposal to repeal the foundation of greenhouse gas regulations for vehicles but not for power plants and other stationary industrial facilities, its president said on Monday."We wo...Reuters
Mon, Jan 12
Carlyle, Chevron-Quantum partnership among frontrunners for Lukoil assets, sources say
By Anna Hirtenstein, Shariq Khan and Timothy Gardner LONDON/NEW YORK/WASHINGTON, Jan 12 (Reuters) - Private equity giant Carlyle CG.O, a group comprising oil major Chevron CVX.N and Quantum Capital Group as well as UAE-based investor International Holding Company IHC.AD are competing for the glob...Reuters
Mon, Jan 12
Chile's Mantoverde copper output hit as labor talks stall, union says
SANTIAGO, Jan 12 (Reuters) - Talks for a new collective agreement at Chile's Mantoverde copper and gold mine remain frozen as the strike continues to affect production, the union said on Monday.The workers' union said in a statement the labor authority had notified it that the company will n...Reuters
Mon, Jan 12
Germany's Klingbeil says Washington meeting addressed rare earth price floor
WASHINGTON, Jan 12 (Reuters) - Finance ministers from a group of advanced economies meeting in Washington on Monday discussed a possible price floor as well as partnerships to secure strategic rare-earth supplies, Germany's Lars Klingbeil said, adding that many issues remained open. He ...Reuters
Mon, Jan 12
Iranian oil stored on water hits record high
By Enes Tunagur and Seher Dareen LONDON, Jan 12 (Reuters) - Iran has a record amount of oil on the water, equivalent to about 50 days of output, with China having bought less because of sanctions and Tehran seeking to protect its supplies from the risk of U.S. strikes, data from Kpler and Vortexa...Reuters
Mon, Jan 12
Lilac signs 10-year deal with Traxys to supply lithium from Utah project
Jan 12 (Reuters) - Lilac Solutions has signed a binding 10-year offtake agreement with Traxys North America to supply lithium carbonate from Lilac's planned Great Salt Lake facility in Utah, the companies said on Monday.The deal comes as the U.S. races to secure domestic sources of lithium, a cr...Reuters
Mon, Jan 12
GRAINS-CBOT corn drops to 2-month low on report of massive stocks, record harvest
USDA reports record corn stocks and harvestSoybean futures drop due to larger harvest and export concernsWheat futures also weighed down by weakness in corn markets, crop conditionsBy P.J. Huffstutter CHICAGO, Jan 12 (Reuters) - U.S. corn futures plunged on Monday after the U.S. Department of...Reuters
Mon, Jan 12
Europe Gasoline/Naphtha-Gasoline refining margins rise
LONDON, Jan 12 (Reuters) - Northwest European gasoline refinery profit margins rose by $1.05 on Monday to $9.95 a barrel.About 14,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window as Gunvor, Exxon Mobil and Trafigura sold to BP and Aramco. No Eurobob E10 gasoline barges tra...Reuters
Mon, Jan 12
Russian drones hit two foreign vessels near Ukrainian port
KYIV, Jan 12 (Reuters) - Russian drones struck two foreign-flagged vessels on Monday, Ukraine's Deputy Prime Minister Oleksiy Kuleba said, the second such attack in four days on Black Sea shipping as the war nears the end of its fourth year. Kuleba said the vessels were sailing under the fla...Reuters
Mon, Jan 12
Supertankers that would pick up debt-paying Venezuelan oil cargoes for China make u-turn -ship data
HOUSTON, Jan 12 (Reuters) - Two China-flagged supertankers that were sailing to Venezuela to pick up debt-paying crude cargoes amid the U.S. oil embargo on the OPEC country have made u-turn and are now heading back to Asia, LSEG shipping data showed on Monday.The very large crude carriers Xingye and...Reuters
Mon, Jan 12
Spain's LNG imports from US soar to nearly a third of gas supply in 2025
MADRID, Jan 12 (Reuters) - Liquefied natural gas from the United States made up 30% of Spain's total gas imports in 2025, up from around 16.6% in 2024, while imports of Russian LNG fell significantly, data showed on Monday.The increase bumped up the U.S. to replace Russia as Spain's second-l...Reuters
Mon, Jan 12
Iran's oil stored on water hits a record high, Kpler says
By Enes Tunagur LONDON, Jan 12 (Reuters) - Iran has a record amount of oil on the water, equivalent to around 50 days of output, as China has bought less because of sanctions and Tehran seeks to protect its supplies from the risk of U.S. strikes, shipping data intelligence firm Kpler said.The amo...Reuters
Mon, Jan 12
US Cash Grains-Soy and corn basis bids stay mostly steady
CHICAGO, Jan 12 (Reuters) - Spot basis bids for corn and soybeans were mostly steady on Monday as traders awaited U.S. Department of Agriculture estimates on global supplies and demand due later in the day.The USDA at 11 a.m. CST (1700 GMT) was set to issue final estimates for last year's corn a...Reuters
Mon, Jan 12
British Columbia seeks closer ties on trade and resources with India
British Columbia Premier Eby on visit India until January 17 Province seeks Indian investment towards $200 billion target Visit is expected to be followed by one from Canadian Prime Minister By Manoj Kumar NEW DELHI, Jan 12 (Reuters) - British Columbia is seeking to deepen its commercial ties wit...Reuters
Mon, Jan 12
Russian drones hit two foreign vessels near Ukraine's port, source says
KYIV, Jan 12 (Reuters) - Russian drones on Monday hit two foreign-flagged vessels near Ukraine's southern port of Chornomorsk, a person familiar with the matter told Reuters. One of the vessels was heading to Italy, the person said.Reuters
Mon, Jan 12
Venture Global cuts 2025 profit forecast on volatile LNG prices, transport snags
Venture Global lowers 2025 profit forecast amid LNG price volatilityShipping constraints impact Venture Global's LNG volume and pricingPlaquemines plant liquefaction fees significantly higher than Calcasieu PassBy Tanay Dhumal and Curtis WilliamsJan 12 (Reuters) - U.S. LNG firm Venture Global VG...Reuters
Mon, Jan 12
Vitol, Trafigura Plan To Move Venezuelan Oil To Storage Facilities In The Caribbean - Bloomberg News
Jan 12 (Reuters) - COMMODITIES TRADERS VITOL, TRAFIGURA PLAN TO MOVE VENEZUELAN OIL TO STORAGE FACILITIES IN THE CARIBBEAN - BLOOMBERG NEWSSource text: [https://tinyurl.com/5b37snct]Reuters
Mon, Jan 12
