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Brazil govt unclear whether beef in transit to China subject to new import quotas
SAO PAULO, Jan 6 (Reuters) - The Brazilian government still does not know whether beef in transit to China after Beijing announced measures to protect its domestic industry will be considered part of the new import quotas, a government official said on Tuesday.Herlon Brandao, head of the statistic d...Reuters
Tue, Jan 6
Valero reports natural gas line damage at Houston refinery
Jan 6 (Reuters) - Valero Energy VLO.N reported on Tuesday that a natural gas line at its 205,000 barrels-per-day Houston refinery sustained damage at approximately 1:15 p.m. local time, according to a community alert."Valero emergency response team and Houston Fire Department are on the scene. O...Reuters
Tue, Jan 6
EXCLUSIVE-Venezuela, US in talks to export Venezuelan oil to US, sources say
By Erin Banco and Marianna ParragaHOUSTON/WASHINGTON, Jan 6 (Reuters) - Venezuelan and U.S. officials are discussing exporting Venezuelan crude to the United States, five government, industry and shipping sources told Reuters on Tuesday.U.S. refineries on the Gulf Coast can process Venezuela's c...Reuters
Tue, Jan 6
Trump administration says there are ways US can lift Venezuelan oil output quickly
Interior secretary says equipment could provide a boostTrump mulls subsidies for oil companies to returnIndustry skeptical due to high costs, obstaclesBy Susan Heavey and Sheila Dang WASHINGTON/MIAMI, Jan 6 (Reuters) - The Trump administration on Tuesday dismissed analysts' estimates that it ...Reuters
Tue, Jan 6
Venezuela under Maduro shipped gold worth $5.2 billion to Switzerland
By John Revill ZURICH, Jan 6 (Reuters) - Venezuela transported gold worth almost 4.14 billion Swiss francs ($5.20 billion) to Switzerland during the early years of the leadership of ousted President Nicolas Maduro, customs data shows.The South American country sent 113 metric tons of the precious...Reuters
Tue, Jan 6
ANALYSIS-Venezuelan oil would boost US refiners, hurt Canadian producers
US Gulf Coast refiners set to benefit if Venezuelan sanctions endCanadian crude will lose pricing power if Venezuelan oil flows freelyChinese independent refineries will seek alternatives if Venezuelan crude is redirectedBy Arathy Somasekhar and Georgina McCartney HOUSTON, Jan 6 (Reuters) - A...Reuters
Tue, Jan 6
EU wheat steadies and rapeseed extends gains
PARIS, Jan 6 (Reuters) - European wheat futures edged higher on Tuesday to come off a two-week low with help from an easing euro, while rapeseed extended its recovery from a slide last month.March milling wheat BL2H6, the most-active position on Euronext's Paris-based futures, settled 0.4% up at...Reuters
Tue, Jan 6
METALS-Copper strides to record high and nickel leaps 10% on supply fears
By Tom Daly LONDON, Jan 6 (Reuters) - Copper soared to a record high while nickel jumped more than 10% to a 19-month peak on Tuesday as supply concerns fuelled gains in industrial metals.Benchmark three-month copper CMCU3 on the London Metal Exchange was up 1.9% at $13,234 a metric ton at 1700 GM...Reuters
Tue, Jan 6
WTI US Oil slips as Venezuela's political turmoil, API inventory report loom
West Texas Intermediate (WTI) US Oil trades around $57.50 at the time of writing on Tuesday, down 1.25% on the day. The WTI price remains under pressure as markets try to gauge the possible consequences of recent political events in Venezuela on global Oil supply.
Fxstreet
Tue, Jan 6
Shell buys stakes in Angolan offshore blocks from Chevron
LONDON, Jan 6 (Reuters) - Shell SHEL.L has agreed to buy stakes in two undeveloped offshore blocks in ultra-deep waters offshore Angola from Chevron CVX.N, the European energy major said on Tuesday.European oil majors have said they will spend billions in Angola, Sub-Saharan Africa's second-larg...Reuters
Tue, Jan 6
US Plains HRW Wheat-Basis bids unchanged in quiet trade
CHICAGO, Jan 6 (Reuters) - Basis bids for hard red winter wheat were flat in the U.S. Plains on Tuesday as selling and demand remained sluggish, dealers said.The U.S. Department of Agriculture is scheduled on January 12 to release its first estimate of how much winter wheat was planted by U.S. farme...Reuters
Tue, Jan 6
EU poised to secure vital Italy backing for Mercosur deal
Italy's stance key as EU seeks member states' support to sign dealDiscussions to focus on farm funding, pesticides in importsGermany and Spain support what would be largest EU trade dealVote on EU-Mercosur agreement expected FridayBy Philip Blenkinsop, Julia Payne and Giselda Vagnoni BRUS...Reuters
Tue, Jan 6
Shell buys stakes in Angolan offshore blocks from Chevron
LONDON, Jan 6 (Reuters) - Shell SHEL.L has agreed to buy stakes in two undeveloped offshore blocks in ultra-deep waters offshore Angola from Chevron CVX.N, the European energy major said on Tuesday.European oil majors have said they will spend billions in Angola, Sub-Saharan Africa's second-larg...Reuters
Tue, Jan 6
Med crude-CPC resumes loadings, price discussions muted
LONDON, Jan 6 (Reuters) - Urals and Caspian crude oil differentials were little changed on Tuesday, as public holidays in the region for New Year and orthodox Christmas continued. The Caspian Pipeline Consortium (CPC) terminal near the Russian Black Sea port of Novorossiysk resumed crude loading on...Reuters
Tue, Jan 6
Chevron continues to ship Venezuelan oil, but loading on hold for Chinese buyers, shipping data shows
Chevron's loadings and crude exports flowing normallySlow loading at Jose, Bajo Grande could put more pressure on output cutsMany loaded vessels remain undeparted in Venezuelan waters By Marianna Parraga Jan 6 (Reuters) - Venezuela was loading crude only for U.S. major Chevron CVX.N on Tuesda...Reuters
Tue, Jan 6
Italy set to vote in favour of Mercosur trade deal, EU source says
ROME, Jan 6 (Reuters) - Italy will vote in favour of the Mercosur trade deal at Friday's meeting of European Union ambassadors, dropping Rome's opposition to the accord, a European Union source said.Earlier on Tuesday, Italian Prime Minister Giorgia Meloni welcomed the European Commission&#...Reuters
Tue, Jan 6
Europe Gasoline/Naphtha-Gasoline refining profits rise
LONDON, Jan 6 (Reuters) - Northwest European gasoline refinery profit margins rose by $1 to $8.82 a barrel on Tuesday in brisk trading.About 18,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window as Equinor, Trafigura and Glencore sold to BP, Aramco, MB Energy and TotalEnergi...Reuters
Tue, Jan 6
US Cash Grains-Corn, soy basis mixed amid slow movement
CHICAGO, Jan 6 (Reuters) - Spot basis bids for corn and soybeans were mixed in the U.S. Midwest on Tuesday as farmer selling remained slow, dealers said.The announcement of payment rates for the U.S. Department of Agriculture's Farmer Bridge Assistance program may have discouraged farmers from s...Reuters
Tue, Jan 6
FACTBOX-What's the status of international oil companies in Venezuela after Maduro's capture?
LONDON, Jan 5 (Reuters) - Here are key facts about international oil companies in Venezuela, a country with the world's largest oil reserves thrown into crisis by the capture of President Nicolas Maduro by U.S. forces. In the 2000s, former President Hugo Chávez expropriated assets from sever...Reuters
Tue, Jan 6
FACTBOX-US Henry Hub natural gas prices average three-year high for December
By Scott DiSavinoJan 6 (Reuters) - U.S. spot natural gas prices at the Henry Hub benchmark in Louisiana hit a three-year high for the month of December, according to pricing data from financial firm LSEG.Gas prices averaged $4.26 per million British thermal units (mmBtu), their highest price for Dec...Reuters
Tue, Jan 6
