News
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Money from sale of Venezuelan oil to be held in US-controlled bank accounts, Energy Dept says
WASHINGTON, Jan 7 (Reuters) - The U.S. has begun marketing Venezuelan oil and all proceeds from its sale will initially settle in U.S.-controlled accounts at globally recognized banks, the Department of Energy said in a statement released on Wednesday."We have engaged the world’s leading commodi...Reuters
Wed, Jan 7
Europe Gasoline/Naphtha-Gasoline refining margins edge lower
LONDON, Jan 7 (Reuters) - Northwest European gasoline refinery profit margins fell by 12 cents on the day to $9.48 a barrel on Wednesday.About 20,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window as Equinor, Trafigura, Glencore and ExxonMobil sold to BP, Aramco and Varo.U.S...Reuters
Wed, Jan 7
White House says too early for election timetable for Venezuela
WASHINGTON, Jan 7 (Reuters) - The White House said on Wednesday it was too early for a timetable for elections in Venezuela, days after leader Nicolas Maduro was deposed in a U.S. raid."It's too premature and too early to dictate a timetable for elections in Venezuela right now," White H...Reuters
Wed, Jan 7
US selectively rolling back Venezuela sanctions, White House says
WASHINGTON, Jan 7 (Reuters) - The United States is selectively rolling back sanctions on Venezuela, White House spokeswoman Karoline Leavitt said on Wednesday, following the toppling of Nicolas Maduro, who was seized from his country by U.S. forces over the weekend.Reuters
Wed, Jan 7
White House says meeting with oil executives on Friday
Jan 7 (Reuters) - A meeting with oil executives will take place on Friday to discuss opportunities, White House spokeswoman Karoline Leavitt said on Wednesday, as the United States works with the industry in the aftermath of the toppling of Nicolas Maduro in Venezuela.Reuters
Wed, Jan 7
EU wheat higher with Chicago
PARIS, Jan 7 (Reuters) - Euronext wheat rose on Wednesday as a decline in U.S. crop conditions and attractive wheat prices compared with corn supported the market, traders said.March milling wheat BL2H6, the most-active position on Euronext's Paris-based futures, was up 1.2% at 191.25 euros ($22...Reuters
Wed, Jan 7
Americans should drink alcohol in small amounts, says Dr Oz
WASHINGTON, Jan 7 (Reuters) - New U.S. dietary guidelines mention alcohol, which should be consumed in small amounts, Dr. Mehmet Oz, administrator for the Centers for Medicare & Medicaid Services, said on Wednesday.Oz made his remarks to reporters after the release of nutrition guidelines that a...Reuters
Wed, Jan 7
W.Africa Crude - Market subdued as traders await tenders
LONDON, Jan 7 (Reuters) - The West African crude market was quiet on Wednesday as traders awaited tenders from national oil companies. Tenders from Indian Oil Corp and Pertamina are expected overnight, one trader said. In the wider market, Shell SHEL.L agreed to buy a 35% stake in two undevelop...Reuters
Wed, Jan 7
Trump administration advises more protein, less sugar in new dietary guidelines
Guidelines recommend more protein, less sugar, avoid processed foodsDocument omits alcohol consumption limits, suggests reducing intakeGuidelines inform school meals, medical advice and other federal policyBy Leah Douglas WASHINGTON, Jan 7 (Reuters) - The administration of U.S. President Donald T...Reuters
Wed, Jan 7
Venezuelan oil sales to US to start immediately, continue indefinitely, Trump official says
By Nilutpal Timsina and Kanjyik Ghosh Jan 7 (Reuters) - Venezuelan oil sales to the United States will start immediately with an initial shipment of approximately 30 million to 50 million barrels and will continue indefinitely, a senior Trump administration official told Reuters on Wednesday. ...Reuters
Wed, Jan 7
Russia says US seizure of oil tanker is illegal, lawmaker calls it piracy
Russia says US action breaches maritime lawMoscow demands humane treatment, swift return of crewUS seized ship as part of bid to block Venezuelan oil exportsWith US ousting of Maduro, Moscow lost key allyBy Lucy Papachristou and Mark Trevelyan Jan 7 (Reuters) - Russia said on Wednesday that the U...Reuters
Wed, Jan 7
US crude oil stocks fall, fuel inventories rise amid robust refining, EIA says
By Liz HamptonDENVER, Jan 7 (Reuters) - U.S. crude oil stocks fell while gasoline and distillate inventories rose last week amid busy refining activity, the Energy Information Administration said on Wednesday.Crude inventories dropped by 3.8 million barrels to 419.1 million barrels in the week ended...Reuters
Wed, Jan 7
US competition to dent Chinese demand for Brazil's soy in 2026, trade group says
By Ana Mano and Roberto Samora SAO PAULO, Jan 7 (Reuters) - Sales of U.S. soybeans to China will partly dent demand for the Brazilian product this year from the world's largest importer, Sergio Mendes, head of grain traders lobby Anec, said in an interview on Wednesday.In a video call, Mendes...Reuters
Wed, Jan 7
US Gulf Coast gasoline stockpiles rose last week to highest since January 2020, EIA says
NEW YORK, Jan 7 (Reuters) - U.S. Gulf Coast gasoline stockpiles rose to their highest since January 2020 in the week ended January 2, the U.S. Energy Information Administration (EIA) said in its weekly Petroleum Status Report on Wednesday.EIA said Gulf Coast gasoline stockpiles rose by 2.295 million...Reuters
Wed, Jan 7
Russia demands humane treatment, speedy return of nationals aboard seized tanker, TASS reports
MOSCOW, Jan 7 (Reuters) - Russia is demanding that the United States ensure humane and decent treatment of its citizens aboard a seized oil tanker in the Atlantic, and their swift return home, state news agency TASS quoted the Foreign Ministry as saying on Wednesday.Reuters
Wed, Jan 7
UK supported US mission to seize Russian-flagged oil tanker, MoD says
LONDON, Jan 7 (Reuters) - Britain provided support to the United States in its operation to seize a Russian-flagged oil tanker in the North Atlantic, the Ministry of Defence said on Wednesday.The U.S. seized the tanker - which was being shadowed by a Russian submarine - on Wednesday, after pursuing ...Reuters
Wed, Jan 7
US seizes Venezuela-linked, Russian-flagged oil tanker after weeks-long pursuit
Vessel had been renamed and registered under Russian flagSeizure took place in the Atlantic, near IcelandPursuit of vessel was part of US pressure campaign on VenezuelaSeizure took place days after capture of President Nicolas MaduroCoast Guard also seized another Venezuela-linked tankerBy Idrees Al...Reuters
Wed, Jan 7
