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EXCLUSIVE-US preparing to seize more tankers off Venezuela's coast after first ship taken, sources say
By Jonathan Saul, Marianna Parraga and Matt Spetalnick HOUSTON/LONDON/WASHINGTON, Dec 11 (Reuters) - The U.S. is preparing to intercept more ships transporting Venezuelan oil following the seizure of a tanker this week, as it increases pressure on Venezuelan President Nicolas Maduro, six sources ...Reuters
Thu, Dec 11
Chinese zinc smelter breaks contract with Teck's Alaska mine amid tariffs, sources say
By Amy Lv and Ernest ScheyderBEIJING/HOUSTON, Dec 11 (Reuters) - Zhuzhou Smelter Group 600961.SS, one of China's largest zinc smelters, broke a supply contract with Teck Resources' TECKb.TO Red Dog mine in Alaska earlier this year due to hefty tariffs fueled by Beijing and Washington's t...Reuters
Thu, Dec 11
Europe Gasoline/Naphtha-Gasoline crack spreads fall
LONDON, Dec 11 (Reuters) - Northwest European gasoline refinery profit margins fell by $1.37 to $14.53 a barrel on Thursday.About 11,500 metric tons of Eurobob E5 gasoline traded on barges, as Equinor, Trafigura and Glencore sold to Gunvor, Aramco, and BP. No Eurobob E10 gasoline barges traded in th...Reuters
Thu, Dec 11
EU ban on combustion engine cars off table, EPP's Weber says
FRANKFURT, Dec 11 (Reuters) - Plans to impose an effective ban on selling new cars with combustion engines in the European Union have been abandoned, a senior EU lawmaker told German mass tabloid Bild on Thursday.Instead, there will be more flexible rules to achieve a reduction in carbon dioxide emi...Reuters
Thu, Dec 11
US EPA considering two-year delay in enforcing Biden vehicle pollution rule
WASHINGTON, Dec 11 - The U.S. Environmental Protection Agency is considering delaying enforcement of a Biden-era regulation requiring significant cuts in air pollution from vehicles, a senior agency official told Reuters.In April 2024, the EPA finalized a rule requiring significant reductions in so-...Reuters
Thu, Dec 11
METALS-Copper rises to record high on rate cut, tight ex-US stocks
By Polina Devitt LONDON, Dec 11 (Reuters) - Copper prices rose to an all-time high on Thursday after the U.S. Federal Reserve cut interest rates and the dollar fell, while continuing flows of copper into U.S. inventories led to worries about tighter supply in the rest of the world.Benchmark three...Reuters
Thu, Dec 11
ARA gasoline stocks inch lower, Insights Global data shows
LONDON, Dec 11 (Reuters) - Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell around 2% on the week, data from Dutch consultancy Insights Global showed on Thursday.Gasoline stocks fell 2.4% to 1.10 million metric tons.Gasoil stocks, which includ...Reuters
Thu, Dec 11
Rise in the euro weighs on EU wheat prices
PARIS, Dec 11 (Reuters) - Euronext wheat prices fell on Thursday, pressured by the sharp rise of the euro against the dollar, making euro-denominated grains more expensive on world markets at a time of strong competition and ample supplies.March wheat BL2H6 on Paris-based Euronext was down 0.7% at 1...Reuters
Thu, Dec 11
Floods, falling rocks force closure of major highways to Vancouver
OTTAWA, Dec 11 (Reuters) - Most major Canadian highways to the Pacific port city of Vancouver have been shut due to floods, falling rocks and the risk of avalanches, local authorities said on Thursday."This situation is evolving and very dynamic," said the transport ministry of British Colum...Reuters
Thu, Dec 11
IEA lowers 2026 oil glut forecast for first time since May
Surplus to reach 3.84 million bpd in 2026, down 250,000 bpd from last monthSupply growth forecast lowered on sanctions disruptionsBrighter macroeconomic outlook supports demand, IEA saysParallel markets of ample crude but tight fuel markets to continueBy Robert Harvey LONDON, Dec 11 (Reuters) - T...Reuters
Thu, Dec 11
Strong winds leave millions in Sao Paulo without power, cutting water and flights
SAO PAULO, Dec 11 (Reuters) - About 1.5 million homes and businesses were without electricity on Thursday after an extratropical cyclone swept through Sao Paulo's metropolitan area, toppling trees and power lines and disrupting flights and the water supply.Damaging wind storms also caused vast ...Reuters
Thu, Dec 11
La Nina to fade early next year, neutral Pacific conditions likely, US CPC says
Dec 11 (Reuters) - La Nina is expected to linger for another month or two before likely giving way to neutral Pacific conditions between January and March 2026, carrying a 68% probability, the U.S. Climate Prediction Center said on Thursday."Even after equatorial Pacific SSTs (Sea Surface Temper...Reuters
Thu, Dec 11
NYSERDA Proposes Regulations To Reduce Emissions From Electricity Sector
Dec 11 (Reuters) - NEW YORK STATE ENERGY RESEARCH AND DEVELOPMENT AUTHORITY(NYSERDA):SAYS NYSERDA AND NEW YORK STATE DEPARTMENT OF ENVIRONMENTAL CONSERVATION (DEC) RELEASES PROPOSED REGULATIONS TO STRENGTHEN THE REGIONAL GREENHOUSE GAS INITIATIVE (RGGI) ON WEDNESDAYSAYS THE REGULATION AIMS TO ACHIEV...Reuters
Thu, Dec 11
Senegal rows back on minister comments about nationalisation of gas field as end of license looms
Senegal Energy Minister said previously gov't planned nationalisation Kosmos Energy's licence for the field runs out in July 2026Kosmos, Petrosen have not found partner for Yakaar-Keranga Dec 11 (Reuters) - Senegal's energy ministry on Thursday rowed back on previous comments from its...Reuters
Thu, Dec 11
Croatia's JANAF says in talks with MOL about potential new oil transport deal
BUDAPEST, Dec 11 (Reuters) - Croatian Adriatic pipeline operator JANAF and Hungarian oil group MOL MOLB.BU held talks in Budapest about a potential new oil transport agreement, JANAF said in a statement on Thursday."The expert team meeting was constructive and further activities were arranged re...Reuters
Thu, Dec 11
Low-sulphur gasoil deliveries for December fall at expiry, ICE data shows
Dec 11 (Reuters) - Deliveries of low-sulphur gasoil LGOc1 for December fell to 791 lots or 79,100 tons at expiry, down from 1,604 lots in November, Intercontinental Exchange data showed on Thursday.The contract expired at $648 a ton.Reuters
Thu, Dec 11
US natural gas futures tumble 4% ahead of storage report as mild weather looms
Milder weather forecasts reduce natural gas demandRecord gas output allows for ample storageGlobal gas prices hold near 19-month lowsBy Scott DiSavinoNEW YORK, Dec 11 (Reuters) - U.S. natural gas futures fell about 4% on Thursday to a two-week low on forecasts for milder weather and lower demand nex...Reuters
Thu, Dec 11
Oil exports via Caspian pipeline down 12% in November m/m, sources say
MOSCOW, Dec 11 (Reuters) - Oil exports of the Caspian Pipeline Consortium (CPC), which ships oil from Kazakhstan via a pipeline and subsequently a Russian Black Sea terminal, declined by 12% in November from October, two industry sources said on Thursday.CPC, which handles around 80% of Kazakhstan&#...Reuters
Thu, Dec 11
Senegal has no plans to nationalize Yakaar-Teranga gas field, energy ministry says
DAKAR, Dec 11 (Reuters) - Senegal's oil and gas strategy does not include nationalising the Yakaar-Teranga gas field, in which U.S. oil and gas company Kosmos Energy KOS.N holds a 90% stake, the country's energy ministry said on Thursday."Kosmos remains a strategic partner of Senegal and...Reuters
Thu, Dec 11
