News
Important Only
WTI edges lower below $56.50 on US Dollar strength, weak China demand
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $56.30 during the early European trading hours on Thursday. The WTI price declines amid a modest rebound in the US Dollar (USD) and signs of weak Chinese energy demand.
Fxstreet
Thu, Dec 18
TABLE-North Sea gas maintenance schedule: Adds Aldbrough outage
Dec 18 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
Thu, Dec 18
INSIGHT-Mass layoffs overshadow Guinea's Simandou mega mine as output accelerates
Shift to operational phase raises risk of poverty and unrestGuinean authorities plan infrastructure projects to absorb displaced workersBig layoffs in mining are common once construction completed, but the impact in Guinea is severeBy Clara Denina and Maxwell Akalaare Adombila SIMANDOU, Guinea, D...Reuters
Thu, Dec 18
ROI-Asia's imports of US energy drop in 2025 despite Trump trade moves: Russell
Reuters Open Interest (ROI) https://www.reuters.com/commentary/reuters-open-interest/ is your essential source for global financial commentary. By Clyde RussellLAUNCESTON, Australia, Dec 18 (Reuters) - Asia's imports of U.S. crude oil, coal and liquefied natural gas are on track to decline this ...Reuters
Thu, Dec 18
Japan's JAPEX buys US tight oil and gas assets in $1.3 bln deal
TOKYO, Dec 18 (Reuters) - Japan Petroleum Exploration Co (JAPEX) 1662.T said on Thursday it decided to buy the entire equity interest in Verdad Resources Intermediate Holdings LLC (VRIH), which holds tight oil and gas assets in the U.S., for $1.3 billion.JAPEX would buy the whole VRIH, with assets i...Reuters
Thu, Dec 18
QUOTES-BP picks first outsider CEO Meg O'Neill after abrupt Auchincloss exit
Dec 18 (Reuters) - BP BP.L has named Meg O'Neill, chief executive of Australia's Woodside Energy WDS.AX, as its next CEO, signalling a renewed push to boost returns and double down on oil and gas after retreating from an ambitious renewables strategy.O'Neill, who will take over in April ...Reuters
Thu, Dec 18
Japan Petroleum Exploration Co Ltd - Notice Regarding Acquisition Of Tight Oil And Gas Assets In U.S. Through Acquisition Of Entire Equity Interest In Verdad Resources Intermediat
Dec 18 (Reuters) - Japan Petroleum Exploration Co Ltd 1662.T:JAPAN PETROLEUM EXPLORATION CO LTD - NOTICE REGARDING ACQUISITION OF TIGHT OIL AND GAS ASSETS IN U.S. THROUGH ACQUISITION OF ENTIRE EQUITY INTEREST IN VERDAD RESOURCES INTERMEDIATReuters
Thu, Dec 18
US allows oil sales from Russia's Sakhalin-2 project through June 18
By Timothy Gardner and Mariko Katsumura WASHINGTON, Dec 17 (Reuters) - The U.S. extended on Wednesday a waiver allowing oil sales from Russia's Sakhalin-2 project through June 18 next year, a move that likely allows production of liquefied natural gas from the project to continue. The general...Reuters
Thu, Dec 18
GRAINS-Wheat falls for fifth day after China cancels purchases from US
CANBERRA, Dec 18 (Reuters) - Chicago wheat futures fell for a fifth consecutive session on Thursday and hovered near eight-week lows, after China cancelled purchases from the U.S. and as large harvests in Argentina and Australia poured new grain into a well-supplied market.Soybean futures steadied a...Reuters
Thu, Dec 18
Trump expected to address potential easing of marijuana regulations on Thursday
Trump considers executive order to reclassify marijuanaCannabis stocks rise on potential policy changeIndustry optimistic about federal marijuana reschedulingBy Trevor Hunnicutt WASHINGTON, Dec 17 (Reuters) - President Donald Trump is expected to address the potential loosening of federal regulat...Reuters
Thu, Dec 18
US Cash Crude-Grades firm as EIA data shows fall in US crude inventories
HOUSTON, Dec 16 (Reuters) - U.S. cash crude grades largely strengthened on Wednesday as EIA data showed a drop in U.S. crude inventories. Crude inventories dropped by 1.3 million barrels to 424.4 million barrels in the week ended December 12, the EIA said, compared with analysts' expectations in...Reuters
Thu, Dec 18
ROI-BP's CEO shake-up could pave way to mega merger: Bousso
By Ron Bousso LONDON, Dec 18 (Reuters) - The surprise appointment of Meg O'Neill as BP's first outsider CEO offers the bruised $90 billion British oil company three clear strategic choices for moving forward: build, buy or be bought.BP BP.L announced on Wednesday that CEO Murray Auchinclo...Reuters
Thu, Dec 18
Prices in biggest US power grid auction hit new record, signaling higher utility bills ahead
Capacity prices in PJM hit fresh record highPJM's supply shortfall affects 13-state region, raising power billsGovernors push for extended price limits By Laila Kearney Dec 17 (Reuters) - Power bills for about a fifth of Americans are expected to continue to rise after the largest U.S. grid o...Reuters
Wed, Dec 17
EXPLAINER-What will change if the US reclassifies marijuana?
By Nancy LapidDec 17 (Reuters) - U.S. President Donald Trump is expected to sign an executive order that would reclassify marijuana and ease federal restrictions on research that could lead to new medical marijuana products. Here is what you need to know: WHAT WOULD THE EXECUTIVE ORDER DO?Presen...Reuters
Wed, Dec 17
Trump administration advances solar energy project for first time in months
Dec 17 (Reuters) - President Donald Trump's administration has approved changes to a Nevada solar energy project, according to permitting documents seen by Reuters on Wednesday, its first advancement of a solar facility on federal lands in months.The approval of amendments to the Libra Solar...Reuters
Wed, Dec 17
Venezuela requests UN Security Council meet over ‘ongoing US aggression’
UNITED NATIONS, Dec 17 (Reuters) - Venezuela on Wednesday requested that the United Nations Security Council meet to discuss “ongoing U.S. aggression” against the country, according to a letter to the 15-member body seen by Reuters.A U.N. diplomat said a meeting would likely be scheduled for next Tu...Reuters
Wed, Dec 17
