News
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Iran raises fuel prices for heavy users to curb consumption, smuggling
Dec 13 (Reuters) - Iran raised the price of its subsidized gasoline for most users on Saturday, a government spokesperson said, as the OPEC member seeks to control rising fuel demand without triggering public anger. The increase in Iran's gasoline price, which is among the lowest in the world, h...Reuters
Sat, Dec 13
US threatens to pull highway funds from New York state over non-citizen truck driver licenses
New York must address immigrant truck driver concerns in 30 days or lose fundingNew York DMV denies non-compliance, calls Duffy's actions a stuntSimilar funding threats made to Minnesota, Chicago, and CaliforniaBy David Shepardson WASHINGTON, Dec 12 (Reuters) - The U.S. Transportation Departm...Reuters
Sat, Dec 13
US seized tanker near Venezuela just as warrant was set to expire, court document shows
By Jasper Ward WASHINGTON, Dec 12 (Reuters) - The U.S. government carried out its seizure of the M/T Skipper off the coast of Venezuela on Wednesday just as a judge-signed warrant was set to expire, according to the document which was unsealed on Friday.The warrant, which was signed by U.S. Magis...Reuters
Sat, Dec 13
Flood-stricken towns in Washington state brace for potential levee failures
Rain-swollen Skagit River crests at all-time highEntire town of Burlington under evacuation order100,000 people statewide urged to seek higher groundNational Guard assists in evacuations, food deliveriesBy David Ryder and Steve GormanBURLINGTON, Washington, Dec 12 (Reuters) - Residents and emergency...Reuters
Sat, Dec 13
US president's new Air Force One jet from Boeing delayed again
Trump wants new jets before term ends in January 2029Air Force tasked with upgrading Qatar's gifted 747 for presidential useAir Force One program four years behind schedule with 2028 deliveryDec 12 (Reuters) - The U.S. Air Force said on Friday the delivery of the first of two new Air Force One j...Reuters
Sat, Dec 13
CIF/FOB Gulf Grain-Soybean barge basis firmed in nearby loadings, corn bids eased
CHICAGO, Dec 12 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals firmed on Friday, and corn basis bids eased, on light trade and as barge freight rates continued to stay elevated, traders said. BG/USThe U.S. Department of Agriculture confirmed private export sales of...Reuters
Fri, Dec 12
CORRECTED-Flood-stricken towns in Washington state brace for potential levee failures
Rain-swollen Skagit River crests at all-time highEntire town of Burlington under evacuation orderOne-hundred thousand people statewide urged to seek higher groundNational Guard assists in evacuations, food deliveriesBy David Ryder and Steve GormanBURLINGTON, Washington, Dec 12 (Reuters) - Residents ...Reuters
Fri, Dec 12
GRAINS-Soybeans hit 6-week low as Brazilian harvest looms; corn, wheat sag
Soybean export demand may stall as S.American supplies increaseManaged funds hold large net long positions in soybean futuresCorn futures fall due to technical selling, big global suppliesBy Julie Ingwersen CHICAGO, Dec 12 (Reuters) - Chicago soybean futures fell to six-week lows on Friday as wor...Reuters
Fri, Dec 12
US Cash Grains-Soybean and corn bids mixed at river terminals
CHICAGO, Dec 12 (Reuters) - Soybean and corn basis bids were mixed at river terminals in the U.S. Midwest on Friday, while corn bids were steady to higher at rail terminals and elevators in a spot check of locations. Basis bids for corn and soybeans were higher at a river terminal in Davenport, Iowa...Reuters
Fri, Dec 12
WRAPUP 1-Venezuela-US tensions spike in wake of seized tanker as Nobel winner vows change
Venezuela oil exports fall sharply after tanker seizureNobel winner Machado defies travel ban, vows peaceful transitionTrump has been campaigning for ouster of Maduro Dec 12 (Reuters) - Venezuelan opposition leader Maria Corina Machado on Friday promised political change after slipping out of the...Reuters
Fri, Dec 12
US invalidates union contract covering 47,000 TSA officers, AFGE vows to challenge
AFGE plans lawsuit against decisionNew labor framework starts January 11House votes to restore federal workers' rightsBy David Shepardson WASHINGTON, Dec 12 (Reuters) - U.S. Homeland Security Secretary Kristi Noem on Friday terminated the collective bargaining agreement covering 47,000 Transp...Reuters
Fri, Dec 12
ProPetro enters power supply agreement with Coterra's unit
Dec 12 (Reuters) - Oilfield services provider ProPetro Holding Corp PUMP.N announced on Friday that its energy unit, PROPWR, signed a deal with a unit of Coterra Energy CTRA.N to supply power for building and installing microgrids in New Mexico's Permian Basin.Big U.S. firms are increasingly tur...Reuters
Fri, Dec 12
Venezuela oil exports fall sharply after US tanker seizure, sources and data say
Only Chevron-chartered tankers sailing into international waters About 11 million barrels stuck in vessels in VenezuelaSome cargoes are onboard Washington-sanctioned shipsBy Marianna Parraga HOUSTON, Dec 12 (Reuters) - Venezuela's oil exports have fallen sharply since the United States seized...Reuters
Fri, Dec 12
US Cash Crude-Grades steady in light trading
HOUSTON, Dec 12 (Reuters) - U.S. cash crude grades were little changed in light trading on Friday as the market weighed oversupply concerns and the impact of a U.S tanker seizure near Venezuela.WTI Midland eased 5 cents while and WTI at East Houston was unchanged. The spread between WTI and Brent w...Reuters
Fri, Dec 12
CANADA-CRUDE-Discount on Western Canada Select narrows
Dec 12 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 narrowed on Friday.WCS for January delivery in Hardisty, Alberta, settled at $12.80 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $13.20 on...Reuters
Fri, Dec 12
Supertanker Skipper seized by US near Venezuela is heading to Houston, sources say
By Jonathan Saul, Marianna Parraga and Arathy Somasekhar HOUSTON, Dec 12 (Reuters) - The oil supertanker Skipper that was seized by the U.S. near Venezuela this week as part of an increased pressure strategy against President Nicolas Maduro, is heading to Houston, two sources said on Friday. The ...Reuters
Fri, Dec 12
US Plains HRW Wheat-Basis bids flat as futures tumble
CHICAGO, Dec 12 (Reuters) - Spot basis bids for hard red winter wheat were flat in the U.S. Plains states on Friday as futures fell sharply.Dryness is expected in the southern U.S. Plains in the coming weeks, according to forecaster Vaisala. The wheat crop is in dormancy and has low moisture needs ...Reuters
Fri, Dec 12
US invalidates union contract covering 47,000 TSA officers
WASHINGTON, Dec 12 (Reuters) - U.S. Homeland Security Secretary Kristi Noem on Friday terminated the collective bargaining agreement covering 47,000 Transportation Security Administration officers.The American Federation of Government Employees, which represents the airport screening officers, said ...Reuters
Fri, Dec 12
US Cash Grains-Corn bids mixed as futures fall
CHICAGO, Dec 12 (Reuters) - Spot basis bids for corn were steady to higher at elevators and processors, flat to lower at river terminals and ethanol plants as futures dipped on Friday, a spot check of locations showed. CBOT March corn CH26 settled down 5-3/4 cents at $4.40-3/4 per bushel. Traders sh...Reuters
Fri, Dec 12
