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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 (Reuter...Reuters
Wed, Jan 7
Asia Naphtha/Gasoline-Naphtha crack rises; MRPL offers prompt gasoline
NEW DELHI, Jan 7 (Reuters) - Asia's naphtha refining profit margin rose on Wednesday amid upbeat activity at the window and the backwardation structure between second-half February and second-half March prices widened by 50 cents to $3.25 per ton.The crack climbed to $83.20 per ton over Brent cr...Reuters
Wed, Jan 7
VEGOILS-Palm oil futures rise on gains in rival oils, ringgit weakness
JAKARTA, Jan 7 (Reuters) - Malaysian palm oil futures surged on Wednesday, underpinned by strength in rival edible oils in the Dalian and Chicago markets and a weaker ringgit.The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange was up 45 ringgit, or 1....Reuters
Wed, Jan 7
Ukraine, US to discuss territory, nuclear plant in Paris, Zelenskiy says
KYIV, Jan 7 (Reuters) - Ukrainian President Volodymyr Zelenskiy said on Wednesday that he expected the Russian-occupied Zaporizhzhia nuclear power plant and territorial issues to be discussed by his team and U.S. negotiators in their talks now being held in Paris.Zelenskiy said on X that possible fo...Reuters
Wed, Jan 7
Fire put out at oil depot in Russia's Belgorod after Ukrainian drone attack, state TV says
MOSCOW, Jan 7 (Reuters) - Firefighters have put out a blaze that broke out at an oil depot in Russia's southern Belgorod region following an overnight Ukrainian drone attack, the Vesti state TV channel reported on Wednesday, citing the regional governor.Ukraine earlier said it had hit an oil...Reuters
Wed, Jan 7
Middle East Crude-Oman and Dubai discounts narrow
SINGAPORE, Jan 7 (Reuters) - Middle East crude benchmark spot discounts of Oman and Dubai narrowed on Wednesday, gaining after a five-day streak of losses, although trading activity was light. Spot premium of Murban gained for a second session on Wednesday. Ample supplies and some unsold February oi...Reuters
Wed, Jan 7
Fire put out at oil depot in Russia's Belgorod after Ukrainian drone attack, state TV says
MOSCOW, Jan 7 (Reuters) - A fire that broke out at an oil depot in Russia's southern Belgorod region following an overnight Ukrainian drone attack has been extinguished, the Vesti state television channel reported on Wednesday, citing the regional Russian governor.Ukraine earlier said it had hit...Reuters
Wed, Jan 7
WTI Oil prices struggle to break above $56.50 amid oversupply concerns
The price of the US benchmark WTI Oil remains pinned near the three-week lows, sub-$56.00 hit earlier on Wednesday, as an unexpected US deal to import Crude from Venezuela has increased market concerns of an Oil glut.US President Donald Trump announced on Tuesday that the US will import 30 to 50 mil
Fxstreet
Wed, Jan 7
Silver Price Forecast: XAG/USD falls below $79.50 due to profit-taking
Silver price (XAG/USD) depreciates by 1.75% after three days of gains, trading around $79.30 per troy ounce during the European hours on Wednesday. The price of the grey metal declines as investors lock in profits following its rally toward record highs.Fxstreet
Wed, Jan 7
TABLE-UAE's Fujairah oil inventory data for week ended January 5
By Ruth ChaiJan 7 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended January 5, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume...Reuters
Wed, Jan 7
ROI-Rebuilding Ukraine could be top European investment theme of 2026: Klement
By Joachim Klement LONDON, Jan 7 (Reuters) - The eyes of the world have been glued to the twists and turns of the ongoing talks to end the conflict between Russia and Ukraine, but the real story for investors is what comes after. If U.S. President Donald Trump is successful in pushing through a ...Reuters
Wed, Jan 7
TABLE-North Sea gas maintenance schedule: Adds Barrow (North Terminal) outage
Jan 7 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAGE...Reuters
Wed, Jan 7
GRAINS-Soybeans rise as China buys US supplies; wheat, corn firmer
BEIJING, Jan 7 (Reuters) - Chicago soybean futures jumped on Wednesday, supported by continued Chinese purchases of the U.S. crop, though ample global supplies capped gains.The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 rose 0.8% to $10.64-3/4 a bushel by 0623 GMT.CBOT whe...Reuters
Wed, Jan 7
PRESS DIGEST- New York Times business news - January 7
Jan 7 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- U.S. President Donald Trump said that Venezuela would begin sending oil to the U.S., a claim he made as he threatened a naval block...Reuters
Wed, Jan 7
VEGOILS-Palm oil futures rise on gains in rival oils, ringgit weakness
JAKARTA, Jan 7 (Reuters) - Malaysian palm oil futures climbed on Wednesday, tracking soyoil strength in Dalian and Chicago, while weakness in the ringgit added support.The benchmark palm oil contract FCPOc3 for March delivery on the Bursa Malaysia Derivatives Exchange gained 14 ringgit, or 0.35%, to...Reuters
Wed, Jan 7
Valero to keep importing gasoline after Benicia refinery closure
Jan 6 (Reuters) - California Governor Gavin Newsom said on Tuesday that Valero Energy VLO.N would keep importing gasoline into Northern California after its Benicia refinery ceases operations in April rather than making a full exit from the market.The San Antonio, Texas-based refiner said last year ...Reuters
Wed, Jan 7
ROI-US tariff pull on copper drains China's bonded warehouses: Andy Home
By Andy Home LONDON, Jan 7 (Reuters) - China's exports of refined copper surged to record levels last year as the world's top buyer found itself in unusual competition with the U.S. for spare metal. The CME's U.S. copper contract HGc1 continues to command a sizeable premium over the i...Reuters
Wed, Jan 7
Japan says China's dual-use export ban 'unacceptable', rare earths in crosshairs
Japan's top government spokesperson said on Wednesday that China's ban on exports of dual-use items to the country was "absolutely unacceptable and deeply regrettable", as a diplomatic dispute between Asia's top two economies ramped up.Reuters
Wed, Jan 7
