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China encircles Taiwan in massive military display
China carries out 10 hours of live-firing drills around TaiwanChinese military rehearses blockade of island's north and southTaiwan says China is simulating strikes on US-made weaponsU.S. lawmaker, EU condemn China's drillsBy Yimou Lee, Joe Cash and Liz Lee TAIPEI/BEIJING, Dec 30 (Reuters...Reuters
Tue, Dec 30
Oil flat as Russia-Ukraine peace hopes fade, Yemen tensions rise
Russia-Ukraine peace talks face setbacks, impacting oil pricesMiddle East tensions rise with Saudi airstrikes in YemenGlobal oil market oversupply may limit price increasesBy Georgina McCartney HOUSTON, Dec 30 (Reuters) - Oil was steady after a choppy session on Tuesday as investors weighed d...Reuters
Tue, Dec 30
US natgas futures rise 4% on colder weather outlook but close steady
Meteorologists see drop in temperature through January 13Energy firms pulled 166 billion cubic feet of gas in the week ending Dec. 19Average gas flows to eight large U.S. LNG export plants at record highBy Noel John Dec 30 (Reuters) - U.S. natural gas futures settled steady on Tuesday, dipping af...Reuters
Tue, Dec 30
Large Brazilian union accepts Petrobras counteroffer, suspends strike
RIO DE JANEIRO, Dec 30 (Reuters) - Brazilian union Sindipetro-NF, one of the largest representing Petrobras PETR3.SA workers, accepted on Tuesday a counteroffer from the state-run oil company for a labor deal, suspending a strike launched earlier this month. Sindipetro-NF was the only one amo...Reuters
Tue, Dec 30
India imposes three-year tariff on some steel products to curb cheap imports
Dec 30 (Reuters) - India has imposed a three-year import tariff of between 11% and 12% on some steel products, according to a finance ministry order published on Tuesday, as the government aims to curb cheap shipments from China.The levy, locally known as a safeguard duty, will be imposed at 12% in ...Reuters
Tue, Dec 30
ANALYSIS-Yemen strike shows depth of distrust between Saudi Arabia and UAE
Strike at port represents major flare-up between Gulf powersSource links incident to November talks over SudanUAE-backed force advanced through region bordering Saudi ArabiaUAE denies working to undermine Saudi securityTwo states have differences on several Middle East issues By Maha El Dahan and Sa...Reuters
Tue, Dec 30
US Cash Grains-Corn, soy processor bids steady-firmer
CHICAGO, Dec 30 (Reuters) - Spot basis bids for corn and soybeans were mostly steady to firmer in the U.S. Midwest on Tuesday, improving at a couple of grain processing sites, spot checks showed.The corn basis strengthened by 10 cents at Decatur, Illinois, a processing hub, and by 2 cents at an etha...Reuters
Tue, Dec 30
US drillers add oil, gas rigs for second week in a row, Baker Hughes says
Dec 30 (Reuters) - U.S. energy firms this week added oil and gas rigs for a second week in a row, energy services firm Baker Hughes BKR.O said on Tuesday.The oil and gas rig count, an early indicator of future output, rose by one to 546 in the week to December 30, its highest since December 12. BHGU...Reuters
Tue, Dec 30
Norfolk Southern flags weather impact on operations at Chicago facility
Dec 30 (Reuters) - Railroad operator Norfolk Southern NSC.N said on Tuesday that a commercial power outage at its Chicago Landers intermodal facility was impacting operations and it has granted an extra free day for all grounded shipments currently on the terminal. The outage comes as Winter Storm E...Reuters
Tue, Dec 30
GRAINS-China's buying steadies U.S. soybean futures market; grains ease
CBOT grain futures dip amid Russia-Ukraine peace talksLight trading as year-end approachesWheat futures pressured by global supply concernsBy P.J. Huffstutter CHICAGO, Dec 30 (Reuters) - Chicago Board of Trade grain futures ticked lower on Tuesday amid a sluggish trading session, as investors wei...Reuters
Tue, Dec 30
India imposes tariff on some steel products for three years to curb cheap imports
Dec 30 (Reuters) - India imposed a three-year import tariff of between 11% and 12% on some steel products on Tuesday aimed at primarily curbing shipments from China.The levy, locally known as a safeguard duty, will be imposed at 12% in the first year, followed by 11.5% in the second year and then 11...Reuters
Tue, Dec 30
EUROPE RESEARCH ROUNDUP-Advanced Medical Solutions, Dsm-Firmenich, GSK
Dec 30 (Reuters) - Securities analysts revised their ratings and price targets on several European companies, including Advanced Medical Solutions, Dsm-Firmenich and GSK, on Tuesday. HIGHLIGHTSAdvanced Medical Solutions Group Plc AMSU.L: RBC raises PT to 260p from 215pDsm-Firmenich AG DSFIR.AS:...Reuters
Tue, Dec 30
Norfolk Southern Says Chicago Landers Intermodal Facility Experienced Commercial Power Outage
Dec 30 (Reuters) - Norfolk Southern Corp NSC.N:NORFOLK SOUTHERN: CHICAGO LANDERS INTERMODAL FACILITY EXPERIENCED A COMMERCIAL POWER OUTAGE THAT IS CURRENTLY IMPACTING OPERATIONS - WEBSITENORFOLK SOUTHERN: APPOINTMENTS WILL NOT BE REQUIRED TO VISIT CHICAGO LANDERS INTERMODAL FACILITY ON DEC 30NORFOLK...Reuters
Tue, Dec 30
Europe Gasoline/Naphtha-Gasoline refining profit margins fall
LONDON, Dec 30 (Reuters) - Northwest European gasoline refinery profit margins fell by 39 cents to $8.86 a barrel on Tuesday.About 9,200 metric tons of Eurobob E5 gasoline traded on barges in the Argus window as ExxonMobil and Equinor sold to Gunvor, TotalEnergies and BP.Another 4,000 tons of Eurobo...Reuters
Tue, Dec 30
North Sea Crude-WTI rises, Forties weakens
LONDON, Dec 30 (Reuters) - U.S. WTI Midland rose on Tuesday, while North Sea Forties edged lower.FEBRUARY LOADING PROGRAMMESSupply of the five North Sea crude oil grades underpinning the dated Brent benchmark will average about 575,000 barrels per day (bpd) in February, up from 565,000 bpd in Januar...Reuters
Tue, Dec 30
Oil tankers still arriving in Venezuela despite US blockade, data shows
Vessels head toward Venezuela to take oil to China to pay debt serviceVolume of oil stored in tankers continues increasingPDVSA delivering cargoes at ports at slower paceBy Marianna Parraga Dec 30 (Reuters) - At least two oil tankers have made their way to Venezuela in recent days and others are ...Reuters
Tue, Dec 30
Brazilian union accepts Petrobras counteroffer, suspends strike
RIO DE JANEIRO, Dec 30 (Reuters) - Brazilian union Sindipetro-NF, one of the largest representing Petrobras PETR3.SA workers, accepted on Tuesday a counteroffer from the state-run oil company for a labor deal, suspending a strike launched earlier this month.Reuters
Tue, Dec 30
EU wheat edges higher with eyes on Ukraine war developments
PARIS/HAMBURG, Dec 30 (Reuters) - European wheat edged higher on Tuesday as traders assessed the latest developments in the war between Russia and Ukraine and the impact of a Russian drone attack on wheat cargoes in Black Sea ports in Ukraine's Odesa region.March milling wheat BL2H6, the most ac...Reuters
Tue, Dec 30
