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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
Trump to address potential loosening of federal marijuana regulations on Thursday, official says
WASHINGTON, Dec 17 (Reuters) - U.S. President Donald Trump is expected to address the potential loosening of federal regulations on marijuana on Thursday, according to a White House official.While Trump "is currently expected to address marijuana rescheduling tomorrow, any details of this potent...Reuters
Wed, Dec 17
CIF/FOB Gulf Grain-Soybean basis values rise on firm demand, barge freight
CHICAGO, Dec 17 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals climbed on Wednesday as Chinese importers booked additional purchases for shipment into early 2026 and as barge freight rates remained firm, traders said.The U.S. Department of Agriculture confirmed a t...Reuters
Wed, Dec 17
LIVESTOCK-CME livestock futures dip as traders lock in profits before holidays
By P.J. Huffstutter CHICAGO, Dec 17 (Reuters) - Chicago Mercantile Exchange livestock futures turned lower on Wednesday, as hog traders sought profits from the recent price rally and investors shed some of their long cattle positions ahead of the holidays, market analysts said.Strength in the Chi...Reuters
Wed, Dec 17
US Cash Grains-Corn basis bids weaken at grain elevators
CHICAGO, Dec 17 (Reuters) - U.S. corn basis bids declined at Midwestern grain elevators and processing facilities on Wednesday, grain dealers said.A river terminal in Morris, Illinois, reduced its corn basis by 2 cents per bushel and its soybean basis by 3 cents.A Chicago-area elevator and a process...Reuters
Wed, Dec 17
Venezuela is running out of oil storage space amid tanker curbs, Bloomberg News reports
Dec 17 (Reuters) - Venezuela may soon have to start closing some oil wells as it runs low on storage capacity following last week's tanker seizure and U.S. plans to block other sanctioned vessels, Bloomberg News reported on Wednesday, citing people familiar with the situationThe country's ma...Reuters
Wed, Dec 17
US agency, consortium sign $553 million loan for Angola railway revamp
Project is part of high-profile Lobito CorridorAims to connect critical minerals mines to AtlanticWashington competing with China in AfricaBy Duncan Miriri and Miguel Gomes NAIROBI/LUANDA, Dec 17 (Reuters) - The U.S. International Development Finance Corporation signed a $553 million loan with a ...Reuters
Wed, Dec 17
US judge blocks Michigan from enforcing order to shut down Enbridge's Line 5 oil pipeline
Dec 17 (Reuters) - A U.S. judge on Wednesday blocked Michigan from enforcing a 2020 order to shut down Enbridge's ENB.TO Line 5 oil pipeline running beneath a channel linking two of the Great Lakes, ruling that pipeline safety is a federal responsibility.The decision comes five years after Michi...Reuters
Wed, Dec 17
UK firm Awendio Solaris plans $725 million solar plant with indigenous groups in Canada
Dec 17 (Reuters) - UK company Awendio Solaris said on Wednesday that it plans to invest C$1 billion ($725.6 million) to develop a solar cell and module manufacturing facility and global R&D centre in Canada.The move comes amid growing global demand for renewable energy, as countries and companie...Reuters
Wed, Dec 17
PJM Auction Procures 134,479 MW Of Generation Resources
Dec 17 (Reuters) - PJM:ANNOUNCES THE RESULTS OF ITS 2027/2028 BASE RESIDUAL AUCTION (BRA), WHICH SECURED 134,479 MW OF UNFORCED CAPACITY GENERATION (UCAP) DEMAND RESPONSE(DR) TO MEET PROJECTED ELECTRICITY NEEDS FOR MORE THAN 67 MILLION PEOPLE ACROSS 13 STATES AND THE DISTRICT OF COLUMBIASAYS REGIONS...Reuters
Wed, Dec 17
Israel approves natural gas deal with Egypt, Netanyahu says
JERUSALEM, Dec 17 (Reuters) - Israel has approved a deal that will supply natural gas to Egypt, Israeli Prime Minister Benjamin Netanyahu said on Wednesday, describing it as the country's largest-ever gas deal.Israel signed the export agreement in August with Chevron and its partners, NewMed NWM...Reuters
Wed, Dec 17
Payments to power plant operators in biggest US grid hit price limit
Dec 17 (Reuters) - Payments to power plants in the largest U.S. electricity market, PJM Interconnection, hit a price cap for the second time this year on Wednesday as demand from data centers in the 13-state region grows faster than the construction of new electricity supplies.The expansion of Big T...Reuters
Wed, Dec 17
SOFTS-Arabica coffee hits near three-month low, raw sugar falls
LONDON, Dec 17 (Reuters) - Arabica coffee futures on the ICE exchange hit near three-month lows on Wednesday as export sales picked up in top grower Brazil amid an improved outlook for the country's crop next year, while raw sugar fell for the third consecutive session. COFFEEArabica coffee ...Reuters
Wed, Dec 17
Oil tanker loading resumes in Venezuela, but most exports on hold
PDVSA restarts crude deliveries at ports after suspension due to cyberattackMost oil exports on hold as US threatens blockade of oil tankers under sanctionsChevron vessels continue to load and depart to the USTankers carrying oil byproducts set sail on WednesdayBy Marianna Parraga Dec 17 (Reuters...Reuters
Wed, Dec 17
