News
Important Only
Silver Price Forecast: XAG/USD oscillates around $78.00; downside seems limited
Silver (XAG/USD) seesaws between tepid gains/minor losses through the Asian session on Thursday and now trades around the $78.00 mark, down 0.40% for the day. The white metal, however, holds above the previous day's swing low and a month-to-date ascending trend-line support, near the $77.00 mark.
Fxstreet
Thu, Jan 8
GRAINS-Wheat rises on weather concerns in US Plains; soy, corn dip
BEIJING, Jan 8 (Reuters) - Chicago wheat futures extended gains for a second straight session on Thursday and hovered near a more than one-week high due to dryness concerns in the U.S. Plains.Soybeans and corn fell, with soy under pressure from ample global supplies. FUNDAMENTALSThe most-active whea...Reuters
Thu, Jan 8
Trump considers taking control of Venezuela's PDVSA, lower oil prices to $50 a barrel, WSJ reports
Jan 7 (Reuters) - U.S. President Donald Trump and his advisers are planning an initiative to dominate the Venezuelan oil industry for years to come, and the president told aides he believes his efforts could help lower oil prices to $50 a barrel, the Wall Street Journal reported on Wednesday. A plan...Reuters
Thu, Jan 8
FACTBOX-US Gulf refineries ready to run Venezuelan crude
By Erwin Seba HOUSTON, Jan 7 (Reuters) - Refineries along the U.S. Gulf Coast from Corpus Christi, Texas to Pascagoula, Mississippi are configured to run the heavy sour, corrosive crude oil produced by Venezuela that President Donald Trump plans to sell in the U.S., following the capture last wee...Reuters
Thu, Jan 8
US pulls $160 million in funding from California over foreign truck-driver licenses
USDOT withholds funds over noncompliant licensesCalifornia DMV disputes federal decision, cites public safety riskUSDOT audit finds 25% of foreign-held commercial driver licenses unlawful in CaliforniaBy David ShepardsonWASHINGTON, Jan 7 (Reuters) - The U.S. Department of Transportation said on Wedn...Reuters
Thu, Jan 8
WRAPUP 8-US seizes Russian-flagged tanker, another tied to Venezuela as Trump widens oil push
US boarded tanker that escaped blockade and put up Russian flagUS also seized second Venezuela-linked tanker Venezuela's main buyer China denounces US 'bullying'Oil prices fall on anticipated supply increaseBy Idrees Ali, Phil Stewart and Marianna Parraga WASHINGTON, Jan 7 (Reuters) -...Reuters
Thu, Jan 8
WTI price rebounds above $56.00 as EIA reports sharp inventory decline
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.30 during the Asian trading hours on Thursday. The WTI price recovers some lost ground as the crude oil inventories report shows a sharper decline than anticipated.
Fxstreet
Thu, Jan 8
Oil prices gain on US inventory draw, Venezuela in focus
By Yuka Obayashi TOKYO, Jan 8 (Reuters) - Oil prices gained slightly on Thursday, rebounding from two days of declines, as a larger-than-expected draw in U.S. crude inventories provided some impetus for investors to buy futures while they monitor developments in Venezuela. Brent crude futures LCO...Reuters
Thu, Jan 8
Kyushu Electric Power Co Inc - Kyuden International Invests In Battery Energy Storage Projects In The United States
Jan 8 (Reuters) - Kyushu Electric Power Co Inc 9508.T:KYUSHU ELECTRIC POWER CO INC - KYUDEN INTERNATIONAL INVESTS IN BATTERY ENERGY STORAGE PROJECTS IN THE UNITED STATESSource text: [ID:]Reuters
Thu, Jan 8
Gold Price Forecast: XAU/USD declines to near $4,450 as safe-haven demand eases
Gold price (XAU/USD) declines to near $4,450 during the early Asian trading hours on Thursday. The precious metal loses momentum as traders book profits after a recent rally. Later on Thursday, the weekly US Initial Jobless Claims data will be released.
Fxstreet
Thu, Jan 8
Venezuela's Rodriguez says country is open to energy relations where all parties benefit
Jan 7 (Reuters) - Venezuela's interim president Delcy Rodriguez said late on Wednesday that her country is open to energy relations where all parties benefit, after the White House said it was working on an oil deal with the South American country."Venezuela is open to energy relations where...Reuters
Thu, Jan 8
Chinese refiners expected to replace Venezuelan oil with Iranian crude, traders say
Deal to ship Venezuela oil to US set to redirect oil flowsVenezuelan oil used by China refiners, near-term demand coveredChinese independents likely to tap other sanctioned oilOffers for Venezuelan Merey crude from Chinese buyers rise this weekBy Siyi Liu and Florence Tan SINGAPORE, Jan 7 (ReuterReuters
Thu, Jan 8
ROI-Trump’s ‘Donroe Doctrine’ targets China, US oil firms could pay the price: Bousso
By Ron Bousso LONDON, Jan 8 (Reuters) - President Donald Trump plans to import previously sanctioned Venezuelan oil into the U.S., tearing up the global energy playbook and underscoring the seriousness of the administration’s ambition to dominate the Western Hemisphere.China may be the ultimate t...Reuters
Thu, Jan 8
Brazil's diesel imports hit record in 2025 amid local production decline, StoneX says
RIO DE JANEIRO, Jan 7 (Reuters) - Brazil imported a record 17.3 billion liters of diesel in 2025, with Russia holding its spot as the South American nation's top supplier despite ceding some share to the United States, a report from consultancy StoneX showed on Wednesday.The volume imported by B...Reuters
Wed, Jan 7
LIVESTOCK-CME cattle futures drop, beef processors face big losses
By Tom Polansek CHICAGO, Jan 7 (Reuters) - Chicago Mercantile Exchange cattle futures tumbled on Wednesday as meatpackers faced major losses slaughtering the high-priced farm animals to make steaks and hamburgers.Cattle prices climbed to record highs last year as the U.S. herd dwindled following ...Reuters
Wed, Jan 7
CANADA-CRUDE-Canadian crude at 18-month low versus WTI as Venezuelan turmoil rattles market
Jan 7 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 grew on Wednesday to its widest point in 18 months as investors digested U.S. President Donald Trump's deal to import up to $2 billion worth of Venezuelan crude.WCS for Februa...Reuters
Wed, Jan 7
CIF/FOB Gulf Grain-Soybean basis steady to firm on good demand, corn bids flat
CHICAGO, Jan 7 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were steady to higher on Wednesday, supported by firm exporter demand after a pickup in sales to top importer China this week, traders said.Chinese importers inquired about prices for U.S. soybean shipme...Reuters
Wed, Jan 7
US Justice Department sues two California cities over natural gas bans
WASHINGTON, Jan 7 (Reuters) - The U.S. Justice Department on Wednesday said it was suing two California cities, Morgan Hill and Petaluma, over ordinances banning natural gas infrastructure and appliances in new construction.Reuters
Wed, Jan 7
Exxon signals lower oil prices could hit fourth-quarter upstream profit
By Pooja Menon Jan 7 (Reuters) - U.S. oil major Exxon Mobil XOM.N said on Wednesday that lower crude oil prices could cut its fourth-quarter upstream earnings by about $800 million to $1.2 billion.Oil prices LCOc1 declined 9.2% during the three months ended December 31, as concerns about oversup...Reuters
Wed, Jan 7
