News
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Marathon Galveston Bay, Texas Refinery Reports Unit Experienced Control Valve Issue
Dec 15 (Reuters) - MARATHON petroleum: REPORTS EMISSIONS FROM MAIN FLARE ES17 AT GALVESTON BAY, TEXAS REFINERY REPORTS BAY PLANT GAS CON UNIT EXPERIENCED A CONTROL VALVE ISSUEREPORTS OPERATIONS RESPONDED QUICKLY TO TROUBLESHOOT THE CONTROL VALVE BUT COULD NOT RETURN IT TO SERVICEREPORTS THE VALVE WA...Reuters
Mon, Dec 15
Chicago wheat futures fall as Argentina boosts global supply
CHICAGO, Dec 15 (Reuters) - Chicago Board of Trade wheat futures closed lower on Monday amid a broad selloff in agriculture markets, as Argentina's large crop kept world supplies plentiful and weighed on prices, traders said.CBOT March soft red winter wheat WH26 settled down 8-1/2 cents at $5.20...Reuters
Mon, Dec 15
Trump says he is considering executive order to reclassify marijuana
WASHINGTON, Dec 15 (Reuters) - President Donald Trump said on Monday he is considering signing an executive order to reclassify marijuana as a less dangerous drug."We are looking at that very strongly," Trump told reporters in the Oval Office.Reuters
Mon, Dec 15
EU imposes sanctions on oil traders with links to Russia's shipping network
EU targets Murtaza Lakhani, middleman in Iraqi and Russian oilKildiyarov from Lukoil's Dubai trading arm also targetedLists Etibar Eyyub, linked to 2Rivers, formerly Coral EnergyBy Lili Bayer, Julia Payne and Anna Hirtenstein BRUSSELS, Dec 15 (Reuters) - The European Union adopted fresh sanct...Reuters
Mon, Dec 15
PBF put out coker fire at Torrance, California refinery on Sunday
HOUSTON, Dec 15 (Reuters) - PBF Energy PBF.N extinguished a fire on Sunday morning in a coker unit at its 160,000 barrel-per-day (bpd) Los Angeles-area refinery in Torrance, California, according to a notice filed with the California Office of Emergency Services. The notice did not identify on which...Reuters
Mon, Dec 15
US Nuclear Regulatory Commission Renews Browns Ferry Operating License
Dec 15 (Reuters) - United States Nuclear Regulatory Commission:SAYS IT HAS RENEWED FOR A SECOND TIME THE OPERATING LICENSES OF BROWNS FERRY NUCLEAR PLANT UNITS 1, 2 AND 3 FOR AN ADDITIONAL 20 YEARS SAYS THIS RENEWAL BRINGS THE NUMBER OF REACTOR LICENSES RENEWED THIS YEAR TO TEN SAYS BROWNS FERRY'...Reuters
Mon, Dec 15
Oil prices fall as supply outlook offsets disruptions in Venezuelan flows
Brent, WTI prices steady after 4% losses last weekVenezuelan oil exports down sharply since US seizure of tankerSurplus outlook, potential Ukraine peace deal weigh on pricesBy Robert Harvey and Liz Hampton DENVER, Dec 15 (Reuters) - Oil prices slid on Monday as investors balanced disruptions link...Reuters
Mon, Dec 15
Chicago soybean futures touch seven-week low on US export concerns
CHICAGO, Dec 15 (Reuters) - Chicago Board of Trade soybean futures touched a seven-week low on Monday amid a broad sell-off in agriculture markets, as soy traders continued to shed risk amid ongoing concerns over the pace of U.S. exports and expectations of a hefty Brazilian harvest, market analysts...Reuters
Mon, Dec 15
Chicago corn futures fall on pressure from cheap Argentine feed wheat
CHICAGO, Dec 15 (Reuters) - Chicago Board of Trade corn futures ended lower on Monday, pressured by cheap Argentine feed wheat, which could reduce corn demand, traders said.The weakness in corn futures was part of a broad selloff in agriculture and energy markets, said market analysts, who noted tha...Reuters
Mon, Dec 15
Venezuela's PDVSA suffers cyberattack, tankers make u-turns amid tensions with US
Attack was a ransomware that hit PDVSA's administrative systems, source saysChevron-chartered tankers continue sailing under US authorizationPDVSA orders workers to disconnect from systems Dec 15 (Reuters) - Venezuela's state-run oil company PDVSA has been subject to a cyberattack, it sai...Reuters
Mon, Dec 15
Goldman Sachs lifts 2026 copper price forecast to $11,400 per metric ton
Dec 15 (Reuters) - Goldman Sachs on Monday raised its 2026 copper price forecast to $11,400 per metric ton from $10,650, citing reduced odds of a refined copper tariff being implemented in the first half of 2026 as affordability concerns take priority. Benchmark three-month copper CMCU3 on the Londo...Reuters
Mon, Dec 15
US FTC, 21 states file amended complaint against Uber over subscription practices
Dec 15 (Reuters) - The U.S. Federal Trade Commission said on Monday that the agency and 21 states, along with the District of Columbia, have filed an amended complaint against ride-hailing app Uber UBER.N, alleging it engaged in deceptive billing and cancellation practices.The updated lawsuit, filed...Reuters
Mon, Dec 15
TABLE-Mexico's Pemex sets January Maya price for international buyers
MEXICO CITY, Dec 15 - Mexican state oil company Pemex revised its January term pricing formulas for crude shipped to customers in the Americas, Europe and Asia, the company's trading arm said on Monday.The following table lists adjustments to price constants for Pemex's flagship Maya heavy c...Reuters
Mon, Dec 15
EXCLUSIVE-U.S. Treasury rejects Xtellus-led bid for Lukoil assets, sources say
By Jarrett Renshaw, David Gauthier-Villars and Anna Hirtenstein LONDON, Dec 15 (Reuters) - The U.S. Treasury has rejected an offer from a group led by U.S. bank Xtellus Partners for the foreign assets of Russian oil company Lukoil LKOH.MM, four people close to the matter told Reuters.Xtellus had ...Reuters
Mon, Dec 15
Gold holds steady as traders weigh Fed stance and upcoming data
Gold (XAU/USD) holds firm on Monday after hitting a daily high of $4,350 earlier, but traders booking profits sent the yellow metal to erase its earlier gains as the Greenback continues to print losses. XAU/USD trades at $4,296 virtually unchanged.
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Mon, Dec 15
US demands EU exempt its gas from methane emissions law, document shows
US seeks exemption from EU methane emissions law until 2035EU has been increasing US LNG imports to replace Russian supplyEU has refused to weaken world-first climate change policyBy Kate Abnett BRUSSELS, Dec 15 (Reuters) - The U.S. has demanded that the European Union exempt its oil and gas from...Reuters
Mon, Dec 15
US FTC, 21 states file amended complaint against Uber alleging deceptive billing practices
Dec 15 (Reuters) - The U.S. Federal Trade Commission said it and 21 states, along with the District of Columbia, have filed an amended complaint against ride-hailing app Uber UBER.N alleging it engaged in deceptive billing and cancellation practices.The amended complaint, which updates a lawsuit fil...Reuters
Mon, Dec 15
EXCLUSIVE-U.S. Treasury rejects Xtellus-led bid for Lukoil assets, sources say
By Jarrett Renshaw, David Gauthier-Villars and Anna Hirtenstein LONDON, Dec 15 (Reuters) - The U.S. Treasury has rejected an offer from a group led by U.S. bank Xtellus Partners for the foreign assets of Russian oil company Lukoil LKOH.MM, three people close to the matter told Reuters.Xtellus had...Reuters
Mon, Dec 15
GRAINS-Soybeans fall to seven-week low on disappointing US exports
Soybean futures pressured by U.S. export pace, Brazilian harvest expectationsMarket frustrated by U.S. Commodity Futures Trading Commission data delaysCorn futures weighed by cheap Argentine feed wheatBy P.J. Huffstutter CHICAGO, Dec 15 (Reuters) - Chicago Board of Trade soybean futures slid to a...Reuters
Mon, Dec 15
Europe Gasoline/Naphtha-Gasoline refining profit margins head lower
LONDON, Dec 15 (Reuters) - Northwest European gasoline refinery profit margins fell by about $1.94 to $11.56 a barrel on Monday.About 12,000 metric tons of Eurobob E5 gasoline traded on barges as ExxonMobil, Glencore and Equinor sold to BP, Gunvor, Varo and Aramco.No E10 gasoline barges traded in th...Reuters
Mon, Dec 15
