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EXCLUSIVE-Chevron in talks with US government for expanded Venezuela license, sources say
By Marianna ParragaHOUSTON, Jan 7 (Reuters) - Oil producer Chevron CVX.N is in talks with the U.S government to expand a key license to operate in Venezuela so it can increase crude exports to its own refineries and sell to other buyers, four sources close to the negotiations said on Wednesday.The t...Reuters
Wed, Jan 7
US Plains HRW Wheat-Basis flat; futures climb on crop condition ratings
CHICAGO, Jan 7 (Reuters) - Basis bids for hard red winter wheat held steady in the U.S. Plains on Wednesday and protein premiums for railcar wheat to or through Kansas City were unchanged while K.C. hard wheat futures bounced, spot checks showed.Condition ratings for winter wheat declined during Dec...Reuters
Wed, Jan 7
Exxon signals lower fourth-quarter upstream earnings
Jan 7 (Reuters) - U.S. oil major Exxon Mobil XOM.N said on Wednesday changes in crude oil prices could lower its fourth-quarter upstream earnings by about $800 million to $1.2 billion.The company had posted $5.7 billion in upstream earnings for the third quarter.Reuters
Wed, Jan 7
GRAINS-Wheat futures set one-week highs as dryness stokes US crop worries
By Tom Polansek CHICAGO, Jan 7 (Reuters) - U.S. wheat futures jumped to their highest level in more than a week on Wednesday as dry weather fuelled concerns about crop conditions in the key Plains region, analysts said.Soybean and corn futures also topped one-week highs following recent sales...Reuters
Wed, Jan 7
CBOT wheat hits one-week high on worries over dry US crop weather
CHICAGO, Jan 7 (Reuters) - Chicago Board of Trade wheat futures touched a one-week high on Wednesday as dry weather in the U.S. Plains raised concerns about the condition of crops, analysts said.Dryness was expected to persist in the Plains in February and March, weather forecaster Vaisala said.Cond...Reuters
Wed, Jan 7
Oil settles down more than 1% after Trump statements on Venezuelan oil
Trump says Venezuela to export $2 billion worth of oil to USDeal to redirect Venezuelan oil exports to US from ChinaUS seizing Venezuela-linked oil tanker after weeks-long pursuitBy Arathy Somasekhar HOUSTON, Jan 7 (Reuters) - Oil prices settled lower for a second straight session on Wednesday as...Reuters
Wed, Jan 7
CBOT soybeans close higher on Chinese demand for US supplies
CHICAGO, Jan 7 (Reuters) - Chicago Board of Trade soybean futures finished stronger on Wednesday and set a one-week peak on Chinese demand for U.S. supplies, analysts said. U.S. farmer sales of crops have been sluggish while demand from China has picked up, traders said.The U.S. Department of Agricu...Reuters
Wed, Jan 7
CBOT corn reaches one-week high as traders await US crop data
Jan 7 (Reuters) - Chicago Board of Trade corn futures set a one-week high on Wednesday as traders said the U.S. Department of Agriculture may reduce its 2025 yield estimate in an upcoming crop report.On January 12, the USDA is slated to issue data on world agricultural supplies and demand and on U.S...Reuters
Wed, Jan 7
US natgas futures jump 5% on forecasts for seasonally cold weather in late January
US natural gas output declines, affecting futures pricesCooler weather in late January expected to boost demand US LNG exports on track to hit monthly record high in JanuaryBy Scott DiSavinoNEW YORK, Jan 7 (Reuters) - U.S. natural gas futures jumped about 5% on Wednesday on a decline in output and f...Reuters
Wed, Jan 7
Venezuela's PDVSA says oil supply negotiations with US progressing
Jan 7 (Reuters) - Venezuela's state-run oil company PDVSA said on Wednesday it is progressing in negotiations with the United States for oil sales, as a board member for the company told Reuters the U.S. will need to buy cargoes at international prices. On Tuesday, Washington announced a deal wi...Reuters
Wed, Jan 7
EU to cut fertiliser duties to push through Mercosur trade deal
EU to cut urea, ammonia duties, allow carbon border levy suspensionsItaly, French opposition prevented signing in DecemberItaly now expected to back the dealVote on accord expected on FridayBy Philip Blenkinsop and Kate Abnett BRUSSELS, Jan 7 (Reuters) - The European Commission said on Wednesday ...Reuters
Wed, Jan 7
GRAINS-Wheat futures set one-week high as dryness stokes US crop worries
By Tom Polansek CHICAGO, Jan 7 (Reuters) - Chicago Board of Trade wheat futures jumped to their highest level in more than a week on Wednesday as dry weather fuelled concerns about crops in the U.S. Plains, analysts said.Soybean futures topped a one-week high following recent sales of U.S. suppli...Reuters
Wed, Jan 7
US Cash Grains-Corn, soy basis mostly steady in quiet trade
CHICAGO, Jan 7 (Reuters) - Spot basis bids for corn and soybeans were mostly flat in the U.S. Midwest on Wednesday as trade remained quiet, dealers reported. Market players are waiting for the U.S. Department of Agriculture to issue key data on global supplies and demand on January 12. Among other d...Reuters
Wed, Jan 7
Zelenskiy seeks new Trump meeting as peace negotiators tackle land issue
Zelenskiy wants U.S. security guarantees for over 15 years U.S., Ukrainian officials revisit land, nuclear plant talksTrump has tools to pressure Russia, Zelenskiy says By Dan Peleschuk and Yuliia Dysa KYIV, Jan 7 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Wednesday he wanted a n...Reuters
Wed, Jan 7
Venezuela's PDVSA says oil supply negotiations with US progressing
CARACAS, Jan 7 (Reuters) - Venezuela's state-run oil company PDVSA said on Wednesday it is progressing in negotiations with the United States for oil sales and added that the parties have been talking about similar terms as those in place with foreign partners like Chevron."The process (...)...Reuters
Wed, Jan 7
BREAKINGVIEWS-Venezuela’s oil claims are a slick, goopy mess
By Robert CyranNEW YORK, Jan 7 (Reuters Breakingviews) - As the saying goes, there are lies, damn lies, and statistics. Add to that list Venezuela’s proven oil reserves. The country’s purported 300 billion barrels represent almost one-fifth of the worldwide total. Yet this self-reported figure is pr...Reuters
Wed, Jan 7
Strike continues at Capstone Copper's Mantoverde mine after negotiations fail
SANTIAGO, Jan 7 (Reuters) - A workers' strike at Capstone Copper's Mantoverde mine in northern Chile will continue after negotiations between the company and the union failed, the union said on Wednesday. The union in a statement said it expected a lengthy strike and that the mine was almost...Reuters
Wed, Jan 7
Gold slips from $4,500 as strong US data dents haven demand
Gold price tumbles nearly 1% on Wednesday after US economic data showed that business activity improved, while the labor market shows signs of being more solid than expected. At the time of writing, XAU/USD trades at $4,465 after reaching a high of $4,500,
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Wed, Jan 7
