News
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US crude, fuel inventories rose in the week ended December 19, EIA says
By Liz HamptonDENVER, Dec 29 (Reuters) - U.S. crude, gasoline and distillate inventories rose in the week ended December 19 as refining activity slowed and imports declined, the Energy Information Administration said on Monday.Crude inventories rose by 405,000 barrels to 424.8 million barrels in the...Reuters
Mon, Dec 29
US exports of total petroleum products in week to Dec 19 rise to highest on record, EIA says
HOUSTON, Dec 29 (Reuters) - U.S. exports of total petroleum products for the week ended Dec 19 rose to 7.8 million barrels per day, the highest on record, the U.S. Energy Information Administration said.The weekly petroleum status report for the week ending Dec. 19 was delayed from last Wednesday to...Reuters
Mon, Dec 29
China stages record drills designed to encircle Taiwan
China launches largest war games around Taiwan by areaAims to highlight Beijing's ability to cut off Taipei from WestU.S. President Donald Trump signals he is not worried by drills Taiwan government condemns drills, mobilises troops Defence ministry posts video showcasing US-made rocket system B...Reuters
Mon, Dec 29
CIF/FOB Gulf Grain-Corn, soybean barge basis turned higher in thin holiday trade
CHICAGO, Dec 29 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals turned higher on Monday, in thin trade ahead of the New Year's Day holiday, traders said.Chicago grain and oilseed futures fell on Monday, as market players weighed how markets would be aff...Reuters
Mon, Dec 29
US Cash Crude-Grades broadly down as WTI/Brent spread narrows
HOUSTON, Dec 29 (Reuters) - Grades broadly fell on Monday, dealers said, as West Texas Intermediate crude futures' discount to Brent narrowed for the third straight day, weighing on export economics. West Texas Intermediate crude futures' discount to Brent WTCLc1-LCOc1 narrowed to as little...Reuters
Mon, Dec 29
GRAINS-Chicago grains and oilseeds fall as Black Sea, China headlines assessed
Traders assess developments in Russia-Ukraine peace talksEscalation in China-Taiwan tensions threatens trade with US Market thinly traded between Christmas and New Year holidaysBy Renee Hickman CHICAGO, Dec 29 (Reuters) - Chicago grains and oilseeds fell on Monday in thin holiday season trade, as...Reuters
Mon, Dec 29
US natgas futures settle up 7.4%, hit 3-week high during session
Meteorologists see drop in temperatures through January 12Energy firms pulled 166 billion cubic feet gas in the week ending Dec. 19By Noel John and Anmol Choubey Dec 29 (Reuters) - U.S. natural gas futures jumped on Monday to hit a three-week high and settled over 7% higher, after federal data sh...Reuters
Mon, Dec 29
CBOT corn ticks lower on thin trade, robust exports
Dec 29 - Chicago Board of Trade corn futures fell Monday on trader positioning before the New Year holiday and the ongoing brisk pace of U.S. exports. The U.S. Department of Agriculture reported weekly corn export inspections for the week ended Dec. 25 at 1,301,211 metric tons, down from 1,747,372 m...Reuters
Mon, Dec 29
Oil settles up over 2% on dented peace hopes in Ukraine, tensions in Yemen
Flaring tensions in Yemen raise Middle East oil supply concernsRussia to review position on peace talksMoscow claims Ukrainian drones targeted Russian presidential residenceInvestors wait for delayed US stockpiles report By Shariq Khan Dec 29 (Reuters) - Oil prices settled more than $1 a barrel h...Reuters
Mon, Dec 29
SOFTS-Cocoa prices settle sharply higher as Ivorian port arrivals slow
LONDON, Dec 29 (Reuters) - Cocoa futures settled sharply higher on Monday, boosted partly by a slowdown in port arrivals in top grower Ivory Coast, while raw sugar and coffee prices also rose. COCOALondon cocoa LCCc1 settled up 6.5% at 4,492 pounds a metric ton.Exporters estimated p...Reuters
Mon, Dec 29
CBOT soybeans down as China-Taiwan tensions rise
CHICAGO, Dec 29 (Reuters) - Chicago Board of Trade soybean futures fell on a thinly traded Monday ahead of the New Year holiday as traders assessed escalating tensions between China and Taiwan that could threaten U.S.-China trade. On Monday, China launched extensive war games around Taiwan to show B...Reuters
Mon, Dec 29
CBOT wheat falls as traders assess peace negotiations
CHICAGO, Dec 29 (Reuters) - Chicago Board of Trade wheat futures sagged on Monday after Ukrainian President Volodymyr Zelenskiy met with U.S. President Donald Trump over the weekend, continuing talks on ending the war in Ukraine. There were positive signals from talks between Trump and Zelenskiy, an...Reuters
Mon, Dec 29
US Cash Grains-Corn basis mostly steady to firmer
CHICAGO, Dec 29 (Reuters) - Basis bids for corn were mostly steady to firmer in the U.S. Midwest on Monday while basis bids for soybeans were mostly unchanged, spot checks showed, as Chicago Board of Trade grain futures declined, discouraging farmer sales.The corn basis improved by a nickel a bushel...Reuters
Mon, Dec 29
Med crude-Urals diffs steady, Kazakh oil output falls in Dec after Ukraine drone attack
MOSCOW, Dec 29 (Reuters) - Urals crude differentials held steady on Monday in opaque market, while Kazakh oil output fell by some 6% in December, led by a fall at Chevron-led Tengiz oilfield after a Ukrainian drone attack damaged Russia's Black Sea exporting terminal, according to an industry so...Reuters
Mon, Dec 29
PRECIOUS-Precious metals drop amid profit taking; silver, platinum retreat from record highs
Silver hits record high at $83.62/ozGold up 65% year-to-date; silver gains 150%By Sarah Qureshi Dec 29 (Reuters) - Precious metals retreated sharply on Monday, with silver and platinum falling from record highs hit earlier in the session, as investors booked profits after recent rallies.Spot gold...Reuters
Mon, Dec 29
EXCLUSIVE-Soy trading firms to abandon Amazon protection pact in Brazil
ADM, Bunge, Cargill, Cofco signed 2006 agreement to protect Brazil's Amazon forest with soy farming moratoriumMato Grosso law strips tax incentives from conservation program participantsEmboldened farm lobby threatens other environmental protectionsSoy moratorium credited with saving a rainfores...Reuters
Mon, Dec 29
GRAINS-Chicago grains and oilseeds fall as Black Sea, China headlines assessed
Traders assess developments in Russia-Ukraine peace talksEscalation in China-Taiwan tensions threatens trade with U.S. Market thinly traded between Christmas and New Year holidaysBy Renee Hickman CHICAGO, Dec 29 (Reuters) - Chicago grains and oilseeds fell on Monday in thin holiday season tra...Reuters
Mon, Dec 29
Europe Gasoline/Naphtha-Gasoline refining profit margins soften
LONDON, Dec 29 (Reuters) - Northwest European gasoline refinery profit margins fell 42 cents to $9.26 a barrel on Monday despite lower regional inventories.About 14,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window as ExxonMobil sold to Shell and BP. In the Platts window, ...Reuters
Mon, Dec 29
Weekly petroleum status report for Dec 19 week delayed to later on Monday, EIA says
HOUSTON, Dec 29 (Reuters) - The weekly petroleum status report, which contains data on U.S. crude and fuel stocks, for the week ending Dec. 19 was delayed to later on Monday, the U.S. Energy Information Administration said on Monday. The data was delayed from last Wednesday to 10:30 a.m. ET on Monda...Reuters
Mon, Dec 29
