News
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CANADA-CRUDE-Discount on Western Canada Select at widest point since February
Dec 10 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 continued its widening trend on Wednesday, reaching its broadest point since February.WCS for January delivery in Hardisty, Alberta, settled at $13.75 a barrel below the U.S. ben...Reuters
Wed, Dec 10
Montana's youth fight to uphold climate case victory against new laws
By Dietrich Knauth NEW YORK, Dec 10 (Reuters) - A group of young activists sued Montana on Wednesday to protect their court victory in a landmark climate change case from new state laws designed to boost fossil fuel use and shorten environmental reviews. The plaintiffs, aged 15 to 24, were part o...Reuters
Wed, Dec 10
Seized tanker transported sanctioned oil from Venezuela and Iran, US attorney general says
WASHINGTON, Dec 10 (Reuters) - U.S. Attorney General Pam Bondi said on Wednesday that the United States had executed a seizure warrant for a crude oil tanker used to transport sanctioned oil from Venezuela and Iran. "For multiple years, the oil tanker has been sanctioned by the United States...Reuters
Wed, Dec 10
Albemarle wraps up validation of lithium pilot plant in Chile
SANTIAGO, Dec 10 (Reuters) - Albemarle said on Wednesday it completed the validation of its direct lithium extraction (DLE) pilot plant in Chile, allowing the company to finalize its design of a future commercial facility and proceed to environmental review. The U.S. company is one of two lithium mi...Reuters
Wed, Dec 10
BREAKINGVIEWS-India capex hole puts world-beating growth at risk
By Shritama BoseMUMBAI, Dec 11 (Reuters Breakingviews) - India’s blistering growth has a quality problem. GDP is speeding ahead at 8% in the world’s fifth-largest economy but the government is doing the heavy lifting on investment. Policymakers have spent years trying to coax companies into spending...Reuters
Wed, Dec 10
US Cash Crude-SGC firms as output at two Gulf of Mexico offshore platforms temporarily shut in
HOUSTON, Dec 10 (Reuters) - Southern Green Canyon (SGC) weakened on Wednesday as production at two Gulf of Mexico offshore platforms resumed after a temporary shut-in. SGC weakened by 40 cents to a discount of $2.85 to US West Texas Intermediate crude. The grade had firmed to $2.45 after Shell SHEL....Reuters
Wed, Dec 10
Turning screws on Russia should not impact legitimate maritime sector, say Cyprus and Malta
NICOSIA, Dec 10 (Reuters) - Discussions on the need to tighten sanctions on Russia, including the possibility of a blanket ban on providing maritime services, should not be at the expense of legitimate businesses in the industry, key EU shipping nations Cyprus and Malta said.The Group of Seven count...Reuters
Wed, Dec 10
CBOT corn ends lower in range-bound trade
CHICAGO, Dec 10 (Reuters) - Chicago Board of Trade corn futures ended lower on Wednesday on spillover weakness from wheat and a lack of supportive news, traders said. CBOT March corn CH26 settled down 3-3/4 cents at $4.44-1/4 per bushel but stayed inside Tuesday's trading range. The U.S. Energy...Reuters
Wed, Dec 10
Judge rejects Trump administration bid to toss California high-speed rail suit
Rail project to link Los Angeles and San FranciscoTrump administration cancels $4 billion-plus in grants By David ShepardsonDec 10 (Reuters) - A U.S. judge rejected on Wednesday a bid by President Donald Trump's administration to throw out a lawsuit filed by a California agency to challenge the ...Reuters
Wed, Dec 10
Ford suppliers receive China's new streamlined rare-earth licenses
China issues rare-earth licenses to Ford suppliersNew system stems from Xi-Trump meetingGerman automakers excluded in first issuanceBy Lewis Jackson and Nora Eckert Dec 10 (Reuters) - Chinese rare-earth magnet suppliers to U.S. automaker Ford Motor F.N were included in the first batch of new expo...Reuters
Wed, Dec 10
CBOT soybeans rally from multi-week lows on fresh export sales
CHICAGO, Dec 10 (Reuters) - Chicago Board of Trade soybean futures closed higher on Wednesday as news of fresh U.S. soybean export sales helped the market to bounce after hitting multi-week lows, traders said.CBOT January soybeans SF26 settled up 4 cents at $10.91-1/4 per bushel, rebounding after a ...Reuters
Wed, Dec 10
Oil settles higher after US seizes tanker off Venezuela's coast
US seized oil tanker near Venezuela, officials saySeizure adds to concerns about immediate supplies, analysts sayUS Fed cuts interest rates by 25 basis pointsUS crude stocks fell less than expected last week, EIA data showsBy Shariq Khan NEW YORK, Dec 10 (Reuters) - Oil prices settled higher ...Reuters
Wed, Dec 10
CBOT wheat ends lower, pressured by ample world supplies
CHICAGO, Dec 10 (Reuters) - Chicago Board of Trade wheat futures fell about 1% on Wednesday, with the benchmark contract hitting its lowest level since late October on reminders of rising global supplies of the food grain, analysts said.CBOT March soft red winter wheat WH26 settled down 5 cents at $...Reuters
Wed, Dec 10
Chevron Reports Mechanical Issue At One Of Its Process Units At El Segundo, CA Refinery
Dec 10 (Reuters) - CHEVRON CORP CVX.N:REPORTS MECHANICAL ISSUE AT ONE OF ITS PROCESS UNITS ON DEC. 9 RESULTING IN THE INTERMITTENT USE OF ONE OF THE FACILITY’S SAFETY FLARES AT EL SEGUNDO, CA REFINERYCAPACITY: 285,000 BARRELS PER DAYRELATED: nFWN3XG00GReuters
Wed, Dec 10
Peru is weighing agreement with US on critical minerals, minister says
LIMA, Dec 10 (Reuters) - Peru is evaluating a "memorandum of understanding" with the United States on critical minerals, foreign minister Hugo de Zela told journalists on Wednesday. He noted that the U.S. has shown a strong interest in critical minerals in Peru, the world's third-largest...Reuters
Wed, Dec 10
GRAINS-Wheat futures slide on rising world production estimates
By Julie Ingwersen CHICAGO, Dec 10 (Reuters) - U.S. wheat futures fell more than 1% on Wednesday to their lowest since late October on reminders of rising global supplies of the food grain, analysts said. Corn futures also sagged while soybean futures rebounded from multi-week lows, buoyed in...Reuters
Wed, Dec 10
US natural gas futures edge up on increased demand and near-record LNG exports
Gas flows to LNG export plants near record highWaha Hub prices fall into negative territory due to pipeline constraintsNear-record gas output allows for increased storage levelsMeteorologists project mild US weather through late DecemberGlobal gas prices at 19-month lows on Ukraine peace talks, mild...Reuters
Wed, Dec 10
Turning screws on Russia should not impact legitimate maritime sector, say Cyprus and Malta
NICOSIA, Dec 10 (Reuters) - Discussions on the need to tighten sanctions on Russia, including the possibility of a blanket ban on providing maritime services, should not be at the expense of legitimate businesses in the industry, key EU shipping nations Cyprus and Malta said.Reuters
Wed, Dec 10
REFILE-Trump administration seizes oil tanker off Venezuela coast, US officials say
WASHINGTON, Dec 10 (Reuters) - President Donald Trump's administration has seized an oil tanker off the coast of Venezuela, two U.S. officials told Reuters on Wednesday.The officials, who were speaking on the condition of anonymity, said the operation was led by the U.S. Coast Guard. They did no...Reuters
Wed, Dec 10
Gold jumps after Fed rate cut, XAU/USD extends gains on dovish guidance
Gold (XAU/USD) prices rise during the North American session after the Federal Reserve decided to cut rates as expected. At the time of writing XAU/USD trades volatile, between $4,190-$4,220 posting losses of over 0.25%.
Fxstreet
Wed, Dec 10
