News
Important Only
Oil prices log steepest annual drop since 2020
Brent set to post longest annual losing streak to dateUAE withdraws forces from Yemen in conflict with Saudi ArabiaOversupply offsets geopolitical risks, sanctions on producing countriesUS crude inventories fall, distillate and gasoline stocks riseOil prices down near 20% on the yearBy Enes Tunagur ...Reuters
Wed, Dec 31
US Cash Crude-Grades tick higher as domestic crude stocks fall
HOUSTON, Dec 31 (Reuters) - Grades broadly rose on Wednesday, dealers said, as domestic crude stocks posted a decline last week, according to the Energy Information Administration. U.S. crude stocks fell while gasoline and distillate inventories rose last week on robust refining activity, the EIA s...Reuters
Wed, Dec 31
US natgas futures fall over 7% on above normal weather outlook, log annual gain
By Noel John and Anmol Choubey Dec 31 (Reuters) - U.S. natural gas futures dropped more than 7% on Wednesday, pressured by warmer forecasts next week and a federal report indicating a smaller-than-expected gas withdrawal, yet record gas flows to LNG export facilities in 2025 helped the market sec...Reuters
Wed, Dec 31
ADVISORY-US cash crude report will not be published on Jan 1, 2
Dec 31 (Reuters) - The U.S. cash crude assessment CRU/TU and U.S. cash crude report CRU/C will not be published on Thursday, January 1 and Friday, January 2 due to the New Year holiday. Reuters will resume pricing on Monday, January 5.Reuters
Wed, Dec 31
US Cash Grains-Corn, soy basis steady to mixed ahead of holiday
CHICAGO, Dec 31 (Reuters) - Spot basis bids for corn and soybeans were mostly steady on Wednesday with a few mixed changes ahead of the New Year's Day holiday, spot checks showed.The soybean basis improved by a nickel a bushel at a crushing facility in Lafayette, Indiana.Chicago Board of Trade M...Reuters
Wed, Dec 31
GRAINS-Chicago soybeans fall, but are set for first annual gain in three years
By Renee Hickman CHICAGO, Dec 31 (Reuters) - Chicago soybean futures dropped on Wednesday but were set to log their first annual gain in three years, supported by China's return to the U.S. market following a late-October trade truce, although ample global supplies capped the advance.Wheat an...Reuters
Wed, Dec 31
Residual fuel fills Venezuela's storage tanks as exports cut to minimum, sources say
US blockade has reduced residual fuel exportsSome 25 million barrels of residuals in onshore, floating storagePDVSA to reopen idled tanks, send fuel to oil waste pools Dec 31 (Reuters) - The accumulation of residual fuel inventories in Venezuela's onshore tanks is forcing state energy company...Reuters
Wed, Dec 31
US natgas futures fall over 5% on above normal weather outlook, eye annual gain
By Noel John and Anmol Choubey Dec 31 (Reuters) - U.S. natural gas futures dropped more than 5% on Wednesday, pressured by warmer forecasts next week and a federal report indicating a smaller-than-expected gas withdrawal, yet record gas flows to LNG export facilities in 2025 kept the market o...Reuters
Wed, Dec 31
REFILE-US natgas futures fall over 5% on above normal weather outlook, eye annual gain
By Noel John Dec 31 (Reuters) - U.S. natural gas futures fell over 5% on Wednesday, pressured by forecasts of above normal temperatures next week, though the market was set for a second consecutive yearly gain led by record gas flows to liquefied natural gas export plants. Front-month gas future...Reuters
Wed, Dec 31
Residual fuel tops off Venezuela's tanks as exports remain almost paralyzed, sources say
Dec 31 (Reuters) - The accumulation of residual fuel inventories at Venezuela's onshore tanks is forcing state company PDVSA to resort to extreme solutions to avoid the shutdown of refining units, as a U.S. blockade stopping sanctioned tankers going in and out the country keeps exports almost pa...Reuters
Wed, Dec 31
Ukraine says it struck oil refinery in Russia's Tuapse, terminal in Krasnodar
KYIV, Dec 31 (Reuters) - Ukraine's military said on Wednesday that it had struck an oil refinery in the southern Russian port of Tuapse and an oil terminal on the Taman Peninsula in Russia's Krasnodar region.In a statement, Kyiv's General Staff added that processing units at the refinery...Reuters
Wed, Dec 31
US Gulf Coast refinery utilization last week rises to its highest since June 2023, EIA says
HOUSTON, Dec 31 (Reuters) - U.S. Gulf Coast refinery utilization rose to 97.8% of total capacity last week, the highest since June 2023, data from the Energy Information Administration showed.Reuters
Wed, Dec 31
Finland seizes ship sailing from Russia after suspected cable sabotage in Baltic Sea
Telecoms cable linking Finland and Estonia damagedFinland seizes 'Fitburg' vessel suspected of breaking the cablePolice investigating 'aggravated sabotage'NATO states on high alert in Baltic Sea for sabotageBy Essi Lehto and Anne Kauranen HELSINKI, Dec 31 (Reuters) - Finnish polic...Reuters
Wed, Dec 31
Critical Metals expects to close Greenland supply deals in Q1 2026, CEO says
Final 25% Tanbreez offtake targeted early 2026Company open to U.S. government investmentAustria lithium project on hold pending price recoveryBy Arunima Kumar Dec 31 (Reuters) - Critical Metals CRML.O expects to finalise the remaining 25% of offtake agreements for its Tanbreez rare earths project...Reuters
Wed, Dec 31
North Sea Crude-Grades steady, no deals
LONDON, Dec 31 (Reuters) - U.S. WTI Midland and North Sea crude differentials were unchanged on Wednesday. PLATTS WINDOWIndications are free on board (FOB) unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).No cargoes traded, a trade source said.Reuters
Wed, Dec 31
CBOT Trends-Wheat down 1-2 cents, corn down 1/2 to 1 cent, soy down 2-3 cents
CHICAGO, Dec 31 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Wednesday:NOTE: Trade in CBOT grain and soy futures will close at the normal time on Wednesday. U.S. markets will be closed on ...Reuters
Wed, Dec 31
