News
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Oil posts weekly loss on oversupply concerns
Brent and WTI down more than 4% this weekSupply glut remains main market focusUS plans to seize more tankers off Venezuela, sources sayBy Arathy Somasekhar HOUSTON, Dec 12 (Reuters) - Oil prices closed lower on Friday, marking a 4% weekly decline as a supply glut and a potential Russia-Ukraine pe...Reuters
Fri, Dec 12
CBOT soybeans fall to 6-week lows on long liquidation, export worries
CHICAGO, Dec 12 (Reuters) - Chicago Board of Trade soybean futures fell to six-week lows on Friday as worries about slowing export demand for U.S. supplies and the looming harvest of a large Brazilian crop spurred a round of long liquidation, analysts said.CBOT January soybeans SF26 settled down 16-...Reuters
Fri, Dec 12
Venezuela's oil exports fall sharply after US tanker seizure as only Chevron ships sail - sources, data
HOUSTON, Dec 12 (Reuters) - Venezuelan oil exports have fallen sharply since the United States seized a tanker earlier this week and imposed fresh sanctions on shipping companies and vessels doing business with the Latin American oil producer, according to shipping data, documents and maritime sourc...Reuters
Fri, Dec 12
LIVESTOCK-CME cattle futures end lower; hogs mostly higher
By P.J. Huffstutter CHICAGO, Dec 12 (Reuters) - Chicago Mercantile Exchange (CME) cattle futures turned lower on Friday on profit taking, inflation concerns and mixed wholesale prices, brokers said.Feeder cattle futures fell during the trading session, after cattle futures jumped to their highest...Reuters
Fri, Dec 12
Iran seizes foreign tanker carrying 6 million liters of 'smuggled diesel' in Gulf of Oman, state media says
Dec 12 (Reuters) - Iran has seized a foreign tanker allegedly carrying 6 million liters of "smuggled diesel" in the Gulf of Oman, Iranian state media said on Friday. Iran, which has some of the world's lowest fuel prices due to heavy subsidies and the plunge in the value of its national ...Reuters
Fri, Dec 12
US natural gas futures slip; set for weekly loss on milder weather, lower demand
US natural gas futures set for first weekly decline in eight weeksMilder weather forecasts reduce natural gas demandEnergy firms pulled more gas than expected during cold snap last weekBy Noel John Dec 12 (Reuters) - U.S. natural gas futures fell to more than a one-month low on Friday, on track f...Reuters
Fri, Dec 12
SOFTS-Raw sugar closes up 1.7% on bullish technical signals; robusta coffee finishes at close to four-month low
SAO PAULO, Dec 12 (Reuters) - Raw sugar futures on the ICE exchange hit two-week highs on Friday on bullish technical trade signals, while robusta coffee touched its lowest level in nearly four months.SUGARRaw sugar SBc1 closed 1.7%, or 0.25 cents, higher at 15.10 cents per lb, having hit a two-week...Reuters
Fri, Dec 12
Gold remains bid as lack of Fed clarity and geopolitical frictions persist
Gold (XAU/USD) advances modestly on Friday as traders seem to book profits ahead of the weekend, yet clings to gains of over 0.51% after reaching a seven-week high of $4,353. At the time of writing, XAU/USD trades at $4,302 as traders digest comments from Federal Reserve (Fed) officials.
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Fri, Dec 12
Trump administration unlikely to finalize 2026 biofuel quotas this year, sources say
EPA still reviewing comments; no end-of-year decision expectedDelay folds quotas into broader oil-agriculture policy talksUncertainty complicates contracts, hedging, and investment decisionsBy Jarrett Renshaw Dec 12 (Reuters) - The Trump administration is not expected to finalize 2026 biofuel-ble...Reuters
Fri, Dec 12
GRAINS-Soybeans hit 6-week low as Brazilian harvest looms; corn, wheat sag
Soybean export demand may decline as South American supplies increaseManaged funds hold large net long positions in soybean futuresCorn futures fall due to technical selling and global supplyBy Julie Ingwersen CHICAGO, Dec 12 (Reuters) - Chicago soybean futures fell to six-week lows on Friday...Reuters
Fri, Dec 12
Colombia to launch copper production and exploration round with eight qualified firms
By Nelson BocanegraBOGOTA, Dec 12 (Reuters) - At least eight companies have qualified for Colombia's copper, gold and polymetallic exploration round launching next week, Carlos Ortega, vice president of promotion and development at the National Mining Agency (ANM), told Reuters on Friday.Colombi...Reuters
Fri, Dec 12
US House passes bill to fast-track natural gas pipeline permitting
WASHINGTON, Dec 12 (Reuters) - The U.S. House of Representatives on Friday voted 213-184 to pass a bill that aims to speed up federal permitting of interstate natural gas pipelines by designating the Federal Energy Regulatory Commission as the lead agency in the process.The Improving Interagency Coo...Reuters
Fri, Dec 12
US drillers cut oil and gas rigs for second time in three weeks, says Baker Hughes
By Scott DiSavino and Anjana Anil NEW YORK, Dec 12 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second time in three weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an ear...Reuters
Fri, Dec 12
Brazil to auction massive Santos container terminal in early March, minister says
By Rodrigo Viga Gaier RIO DE JANEIRO, Dec 12 (Reuters) - Brazil's federal government plans to hold the auction of the Santos port's massive Tecon 10 container terminal in the first half of March, Ports and Airports Minister Silvio Costa Filho said on Friday.The auction has drawn interest ...Reuters
Fri, Dec 12
Small rise in EU wheat prices capped by hefty competition
PARIS, Dec 12 (Reuters) - European wheat prices edged higher on Friday but remained lower on the week as ample global supplies and steep competition continued to weigh.Benchmark March milling wheat BL2H6 on Paris-based Euronext closed 0.3% higher at 189.00 euros ($221.79) a metric ton. On the Chicag...Reuters
Fri, Dec 12
Cuba on edge as US seizure of oil tanker puts supply at risk
Seizure threatens Cuba's oil supply from Venezuela, may worsen economic crisisVenezuela's oil covers about 50% of Cuba's deficit, loss may strain energy infrastructureDiaz-Canel calls US tanker seizure 'piracy'Cuba to fast-track the building of solar parksBy Dave Sherwood and Mar...Reuters
Fri, Dec 12
Turkey warns of Black Sea escalation, seeks halt to attacks after ship damaged in Ukraine
ANKARA, Dec 12 (Reuters) - Turkey on Friday called for an urgent end to the Russia-Ukraine war after a Turkish-owned cargo vessel was damaged in an attack on Ukraine’s Chornomorsk port, saying the incident underscored risks to Black Sea maritime security.In a foreign ministry statement, Ankara also ...Reuters
Fri, Dec 12
US admiral leading US troops in Latin America steps down
US has carried out strikes on suspected drug vessels in the CaribbeanDeparture follows other senior military exits under US Defense Secretary HegsethTrump administration has signaled foreign policy shift toward Western HemisphereBy Phil Stewart MIAMI, Dec 12 (Reuters) - The admiral in charge of U...Reuters
Fri, Dec 12
