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Oil trade group pushes US for national ethanol policy after EPA okays Midwest expansion
By Stephanie Kelly and Jarrett Renshaw NEW YORK, Feb 24 (Reuters) - The American Petroleum Institute trade group on Monday pressed for a nationwide policy on higher-ethanol blends of gasoline after the President Donald Trump's administration said on Friday it would move ahead with expanded sa...Reuters
Mon, Feb 24
Trump says focus is on having ceasefire in Ukraine war as soon as possible
WASHINGTON, Feb 24 (Reuters) - U.S. President Donald Trump said on Monday there was focus on having a ceasefire in the Russia-Ukraine war as soon as possible and ultimately get to permanent peace.Trump made the remarks in a press conference with French President Emmanuel Macron at the White House. T...Reuters
Mon, Feb 24
USTR proposes charging Chinese ships up to $1.5 million to enter US ports
Steep US port fees to discourage use of Chinese vessels USTR to hold March 24 hearing on fees, shipping restrictionsUS shipbuilding has seen steep decline since 1970sTrump trade team follows up on shipping probe started under BidenBy David Lawder WASHINGTON, Feb 24 (Reuters) - The U.S. Trade Repr...Reuters
Mon, Feb 24
CBOT wheat sags on corn, soy weakness; easing crop weather fears
CHICAGO, Feb 24 (Reuters) - Chicago Board of Trade wheat futures ended lower on Monday on spillover weakness from corn and soybeans and reduced fears about weather for Northern Hemisphere winter wheat crops, traders said.CBOT May soft red winter wheat WK25 settled down 10-1/2 cents at $5.93-1/2 per ...Reuters
Mon, Feb 24
US natgas prices drop 6% to one-week low on mild weather forecasts
Mild weather allows frozen wells to return to serviceUS gas output near record high in FebruaryUS LNG export feedgas on track for record high in FebruaryAdds latest pricesBy Anmol Choubey and Scott DiSavino Feb 24 (Reuters) - U.S. natural gas futures dropped about 6% to a one-week low on Monday o...Reuters
Mon, Feb 24
Putin holds meeting on rare earth metals, aims to significantly boost output
MOSCOW, Feb 24 (Reuters) - Russian President Vladimir Putin held a meeting with officials on Monday to discuss rare earth metals production, which he described as a strategic reserve vital for Russia's future competitiveness and economic development, the Kremlin said.Putin highlighted the nation...Reuters
Mon, Feb 24
GRAINS-Corn slips from multi-month top on profit-taking; soy, wheat follow
Recasts; updates prices, adds quotes, changes byline, changes dateline from previous HAMBURG/CANBERRABy Julie Ingwersen CHICAGO, Feb 24 (Reuters) - U.S. corn futures fell more than 1% on Monday, retreating from multi-month highs set last week, pressured by profit-taking and improving weather ...Reuters
Mon, Feb 24
Trump pick for EPA official discloses industry clients, law firm pay
By Mike Scarcella Feb 24 (Reuters) - President Donald Trump’s nominee to serve as the second-in-charge at the U.S. Environmental Protection Agency earned at least $3.2 million in legal fees over the last year representing clients including Chevron, Ford and the U.S. Chamber of Commerce, according...Reuters
Mon, Feb 24
Cuba's top cigarmaker breaks record with sales of $827 million in 2024
By Nelson AcostaHAVANA, Feb 24 (Reuters) - Cuba's top cigar maker Habanos said on Monday that sales of the company's luxurious smokes had soared to a record $827 million in 2024 as revenue poured in from fast-growing markets in China and elsewhere in Asia.Habanos Vice President Jorge Perez s...Reuters
Mon, Feb 24
BRIEF-EPNG Declares Force Majeure At Dimmitt Compressor Station Unit #1 Located In Lamb County, Texas
Feb 24 (Reuters) - KINDER MORGAN'S KMI.N EL PASO NATURAL GAS COMPANY, L.L.C (EPNG):DECLARES FORCE MAJEURE AND EXPERIENCES EQUIPMENT FAILURE ASSOCIATED WITH ITS DIMMITT COMPRESSOR STATION UNIT #1 LOCATED IN LAMB COUNTY, TEXASRELATED: nAQN2K289MReuters
Mon, Feb 24
US Plains HRW Wheat-Basis bids unchanged after last week's selling
CHICAGO, Feb 24 (Reuters) - Spot basis bids for hard red winter wheat at locations around the U.S. Plains were unchanged on Monday after farmers took advantage of the previous week's rally in futures to sell their crop.* Many growers have already sold the bulk of their last harvest and are hopin...Reuters
Mon, Feb 24
FACTBOX-Bank of America predicts Brent crude to average $75/bbl in 2025
Writes throughout with Bank of America and updates tableFeb 24(Reuters) - Bank of America expects Brent crude to average $75 per barrel in 2025 and $73 in 2026, citing low global oil inventories, balanced supply and demand, and about 5 million barrels per day of OPEC spare production capacity.The Or...Reuters
Mon, Feb 24
Med crude-Urals diffs stable, drone strike hits Ryazan refinery
MOSCOW, Feb 24 (Reuters) - Urals crude differentials to dated Brent kept steady on Monday, while Russia's Ryazan oil refinery has suspended operations after an attack by Ukrainian drones on Monday.The main crude distillation unit at the refinery, CDU-6 with a capacity of some 170,000 bpd, caught...Reuters
Mon, Feb 24
Europe Gasoline/Naphtha-Gasoline margins slip in thin trading
LONDON, Feb 24 (Reuters) - Northwest European gasoline refining profit margins fell by about 50 cents on Monday to $8.84 a barrel. A total of 4,000 metric tons of E5 gasoline barges traded, as Trafigura sold barges to BP and Litasco.Another 2,000 tons of Eurobob E10 barges traded as TotalEnergies so...Reuters
Mon, Feb 24
US Cash Grains-Soybean, corn basis mixed in stagnant trade
CHICAGO, Feb 24 (Reuters) - Spot basis bids for soybeans were steady to mixed in the U.S. Midwest on Monday as markets lacked direction ahead of the spring planting season, while some buyers have already purchased enough crop to cover short-term needs, analysts said.* The spot soybean basis rose at ...Reuters
Mon, Feb 24
METALS-Copper prices slip on tariff threat and Chinese inventories
Updates pricesBy Pratima DesaiLONDON, Feb 24 (Reuters) - Copper prices slipped on Monday as traders focused on U.S. President Donald Trump's tariff threats and changing demand signals from inventories in top consumer China.Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 0.8% a...Reuters
Mon, Feb 24
U.S. nuclear power plant outages
Adds outages tableFeb 24 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW ...Reuters
Mon, Feb 24
Damage to Baltic Sea telecoms cable may have occurred in January, operator says
Police launched investigation of cable damage on FridayOperator says damage may have occurred on January 26Coincides with a previous breach that was ruled accidentalVessels dragging anchors have damaged infrastructure STOCKHOLM, Feb 24 (Reuters) - Finland's telecoms operator said on Monday th...Reuters
Mon, Feb 24
Trudeau says Canada will stand with Ukraine until it wins the war
OTTAWA, Feb 24 (Reuters) - Canada will continue to support Kyiv in its conflict with Russia "until the war is over and until Ukraine wins", Prime Minister Justin Trudeau told reporters on Monday."It is very much my hope that this war won't last another year," he told a televised ...Reuters
Mon, Feb 24
BRIEF-Outokumpu Signs Ten-Year Off-Take Agreement With Greenland Resources
Feb 24 (Reuters) - Outokumpu Oyj OUT1V.HE:INSIDE INFORMATION: OUTOKUMPU SIGNS A TEN-YEAR OFF-TAKE AGREEMENT WITH GREENLAND RESOURCES TO ENSURE ACCESS TO A CRITICAL RAW MATERIAL IN EUROPEOFF-TAKE AGREEMENT WITH GREENLAND RESOURCES INC. TO ENSURE ACCESS TO A CRITICAL RAW MATERIAL IN EUROPEAGREEMENT CO...Reuters
Mon, Feb 24
