News
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EU wheat hits contract lows as euro and Argentina dent export prospects
PARIS/HAMBURG, Dec 16 (Reuters) - Paris wheat futures extended losses on Tuesday to hit contract lows as strength in the euro and competition from cheaper Argentine supply hurt European export prospects.March wheat BL2H6, the most active contract on Paris-based Euronext, was down 0.9% by 1708 GMT at...Reuters
Tue, Dec 16
QUOTES-Reactions to European Commission proposal to reverse 2035 combustion engine ban
Dec 16 (Reuters) - The European Commission on Tuesday made public proposals that reverse an effective ban on sales of new internal combustion engine cars from 2035, bowing to pressure from Germany, Italy and major automakers.The revised package cuts the planned 2035 goal to a 90% reduction in tailpi...Reuters
Tue, Dec 16
Europe Gasoline/Naphtha-Gasoline refining profit margins soften
LONDON, Dec 16 (Reuters) - Northwest European gasoline refinery profit margins fell by about 28 cents to $11.28 a barrel on Tuesday as weaker export activity weighed.About 18,000 metric tons of Eurobob E5 gasoline traded on barges as ExxonMobil, Trafigura, Glencore and Equinor sold to BP, MB Energy ...Reuters
Tue, Dec 16
US EPA expects to finalize biofuel rules in first quarter of 2026
Dec 16 (Reuters) - The U.S. Environmental Protection Agency expects to finalize 2026 and 2027 biofuel blending mandates, which had originally been expected in late October, in the first quarter of next year.The slowdown pushes one of the Trump administration's most consequential energy policy ch...Reuters
Tue, Dec 16
RPT-FACTBOX-What's in the European Commission's proposals to reverse 2035 combustion engine ban?
Dec 16 (Reuters) - The European Commission on Tuesday made public proposals that reverse an effective ban on sales of new internal combustion engine cars from 2035, bowing to pressure from Germany, Italy and major automakers.The delayed package follows fierce lobbying to allow transitional technolog...Reuters
Tue, Dec 16
PRECIOUS-Gold inches up as US unemployment rate rises in November
US November unemployment rate at 4.6%CPI and PCE data due later this weekPlatinum rises to 14-year peakBy Sarah Qureshi and Noel John Dec 16 (Reuters) - Gold rose on Tuesday after a U.S. jobs report showed the unemployment rate rose last month from September, reinforcing bets of rate cuts by the ...Reuters
Tue, Dec 16
QUOTES-Reactions to European Commission proposal to reverse 2035 combustion engine ban
Dec 16 (Reuters) - The European Commission on Tuesday made public proposals that reverse an effective ban on sales of new internal combustion engine cars from 2035, bowing to pressure from Germany, Italy and major automakers.The revised package cuts the planned 2035 goal to a 90% reduction in tailpi...Reuters
Tue, Dec 16
Volkswagen welcomes EU move to drop combustion engine ban
FRANKFURT, Dec 16 (Reuters) - Volkswagen VOWG_p.DE, Europe's largest automaker, on Tuesday said an EU proposal to drop an effective ban on new combustion-engine cars from 2035 was "economically sound"."Opening up the market to vehicles with combustion engines while compensating for e...Reuters
Tue, Dec 16
Chevron to supply Hungary with 2 billion cubic metres of LNG, minister says
Dec 16 (Reuters) - Hungary's state-owned MVM group has signed a 5-year deal with U.S. energy company Chevron CVX.N for the supply of 2 billion cubic metres of liquefied natural gas, the Hungarian foreign minister said on Tuesday.Hungary has angered other European Union and NATO members by insist...Reuters
Tue, Dec 16
Zaporizhzhia nuclear plant running on single power line, Russia says
MOSCOW, Dec 16 (Reuters) - The Russian-controlled Zaporizhzhia nuclear power plant in Ukraine is currently receiving electricity through only one of two external power lines, its Russian management said on Tuesday.The other line was disconnected due to military activity, the management said, adding ...Reuters
Tue, Dec 16
EU scales back 2035 ban, permits combustion engine cars
STRASBOURG, Dec 16 (Reuters) - The European Commission unveiled a package of auto sector measures on Tuesday, including the scrapping of its effective ban on sales of new combustion engine cars from 2035.Under current EU rules, all new cars and vans from 2035 must have zero emissions. But under Tues...Reuters
Tue, Dec 16
Petrobras strike hits platforms and refineries on second day, union says
RIO DE JANEIRO, Dec 16 (Reuters) - A strike at Brazilian state-run oil company Petrobras PETR3.SA entered its second day on Tuesday, affecting 24 oil platforms and eight refineries, union FUP said in a statement.The nationwide strike stems from an ongoing dispute over a deficit in the company's ...Reuters
Tue, Dec 16
Venezuela faces big oil discounts, pressure for contract changes after tanker seizure
PDVSA struggles with stuck cargoes and rising price discountsCustomers request relaxed payment terms, demurrage reimbursementsCyberattack disrupts PDVSA's administrative systems, halting oil deliveriesBy Marianna Parraga HOUSTON, Dec 16 (Reuters) - Venezuela's state-run company PDVSA is d...Reuters
Tue, Dec 16
US Plains HRW Wheat-Basis bids remain steady, protein premiums fall
CHICAGO, Dec 16 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were unchanged at elevators in the southern U.S. Plains on Tuesday amid lackluster demand, grain dealers said.Protein premiums fell by 25 cents a bushel for wheat with 13% to 13.2% protein and by 15 cents for wheat with 13.4...Reuters
Tue, Dec 16
ReNew inks pact with Google to build 150 MW solar project in India
Dec 16 (Reuters) - India's ReNew Energy Global RNW.O said on Tuesday it has signed a long-term deal with Alphabet's GOOGL.O Google to develop a 150-megawatt solar project in the western Indian state of Rajasthan.WHY IT'S IMPORTANTThe deal is in line with Google's goal to operate enti...Reuters
Tue, Dec 16
Petrobras strike affects platforms and refineries on second day, union says
RIO DE JANEIRO, Dec 16 (Reuters) - A strike at Brazilian state-run oil company Petrobras PETR3.SA entered its second day on Tuesday, affecting 24 oil platforms and eight refineries, union FUP said in a statement.The nationwide strike stems from an ongoing dispute over a deficit in the company's ...Reuters
Tue, Dec 16
Hungary signs contract with US for delivery of LNG
Dec 16 (Reuters) - Hungary has signed a contract with the U.S. on Tuesday for the delivery of 400 million cubic metres of liquid natural gas (LNG) a year, Hungarian Foreign Minister Peter Szijjarto said."This means that over the next five years, two billion cubic metres of American LNG will arri...Reuters
Tue, Dec 16
Guinea, EGA in bauxite supply deal talks, sources say
Guinea, EGA talks aimed at avoiding legal battle over seized assetsEGA lost GAC licence due to alumina refinery rowNimba Mining plans to ramp up bauxite exportsBy Maxwell Akalaare Adombila DAKAR, Dec 16 - Guinea is in talks with Emirates Global Aluminium over a possible bauxite supply agreement t...Reuters
Tue, Dec 16
Renew Signs Long‑Term Deal With Google for 150 MW Solar Project in Rajasthan
Dec 16 (Reuters) - Renew Energy Global PLC RNW.O:RENEW ANNOUNCES LONG-TERM AGREEMENT WITH GOOGLE TO ENABLE 150 MW SOLAR PROJECT IN RAJASTHANRENEW ENERGY GLOBAL PLC - 150 MW SOLAR PROJECT SCHEDULED FOR COMMISSIONING IN 2026RENEW ENERGY GLOBAL: UNDER PARTNERSHIP, GOOGLE WILL PROCURE PROJECT'S ENER...Reuters
Tue, Dec 16
