News
Important Only
Power outage triggers shutdown at Suncor’s Montreal Refinery
Oct 20 (Reuters) - Suncor on Monday reported that a power outage prompted a shutdown at its 137,000 barrels-per-day Montreal refinery."There will be an increase in the flame flare when our activities are restarted," the company said in a notice.Reuters
Mon, Oct 20
IAM Union Bargaining Committee Met With Boeing Via Federal Mediators, Co Requested To Continue Mediation On Tuesday And Union Has Accepted
Oct 20 (Reuters) - Boeing Co BA.N:IAM UNION: BARGAINING COMMITTEE MET WITH BOEING VIA FEDERAL MEDIATORS, CO REQUESTED TO CONTINUE MEDIATION ON TUESDAY AND UNION HAS ACCEPTEDSource text: [https://tinyurl.com/59m8try5]Reuters
Mon, Oct 20
Deals of the day-Mergers and acquisitions
Oct 20 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 20:00 GMT on Monday: ** Toronto-listed miner Gold Reserve GRZ.V accused firms advising a U.S. court on the auction of Citgo Petroleum's parent of receiving some $170 million in fees from a bidder tha...Reuters
Mon, Oct 20
Oil Settles at 5-month low as supply glut fears mount
Trade tensions spur oil demand concernsTrump keeps pressure on India to stop buying Russian oil US crude futures, Brent futures 6-month spreads in contango US crude stocks expected to have risen last week, poll shows By Georgina McCartney HOUSTON, Oct 20 (Reuters) - Oil prices settled at their l...Reuters
Mon, Oct 20
CBOT wheat ends higher, following soybeans and corn
CHICAGO, Oct 20 (Reuters) - Chicago Board of Trade wheat futures ended higher on Monday, following strength in soybeans and corn, but the benchmark contract Wv1 continued to hover near five-year lows set last week, anchored by ample world wheat supplies.CBOT December soft red winter wheat WZ25 settl...Reuters
Mon, Oct 20
CBOT corn ekes out higher close, following soy strength
CHICAGO, Oct 20 (Reuters) - Chicago Board of Trade corn futures ended modestly firmer on Monday to post their fifth consecutive higher daily close, following as soybean futures rose 1% on optimism about U.S.-China trade talks later this month, brokers said.CBOT December corn CZ25 settled up 3/4 cent...Reuters
Mon, Oct 20
US natural gas prices surge 13% as colder weather boosts demand, spurring short covering
Speculative short covering contributes to price surge, analysts sayLNG export flows near record highs, boosting demandColder weather forecast boosts heating demandLower 48 states see decline in gas outputGas storage levels 4% above normal, easing supply concernsBy Scott DiSavinoOct 20 (Reuters) - U....Reuters
Mon, Oct 20
CBOT soybeans hit one-month top on US-China trade optimism
CHICAGO, Oct 20 (Reuters) - Chicago Board of Trade soybean futures hit their highest level in a month on Monday on renewed optimism over U.S.-China trade talks after U.S. President Donald Trump said he believed Beijing would agree to a soybean trade deal and will buy U.S. soy again, traders said.CBO...Reuters
Mon, Oct 20
ICE canola futures soften on farmer delivery pressure
WINNIPEG, Manitoba, Oct 20 (Reuters) - ICE canola futures edged lower for a third session on Monday as post-harvest delivery pressure and a lack of Chinese exports continued to weigh on the market. • January canola RSX5 settled down $0.80 at $615.40. Volume and open interest are steadily moving fr...Reuters
Mon, Oct 20
GRAINS-Soybean futures hit 1-month high on US-China trade hopes
By Julie Ingwersen CHICAGO, Oct 20 (Reuters) - Chicago Board of Trade soybean futures hit their highest level in a month on Monday on renewed optimism over U.S.-China trade talks after U.S. President Donald Trump said he believed Beijing would agree to a soybean trade deal and will buy U.S. s...Reuters
Mon, Oct 20
Gold Reserve says fees totaling $170 million jeopardize Citgo auction
Gold Reserve accuses advisers of conflict of interestCourt officer switched auction winner recommendation to Elliott's Amber EnergyVenezuela's lawyers also seek disqualification of court officer, advisersLawyer for court officer Pincus said the process aimed to maximize valueBy Marianna Parr...Reuters
Mon, Oct 20
Gold soars 2% as Fed cut bets deepen, US Dollar softens
Gold price rallies over 2% on Monday and trims last Friday’s losses on speculation that the Federal Reserve (Fed) will continue its easing cycle next week. A softer Greenback and falling US Treasury yields keep XAU/USD trading at $4,345 after hitting a daily low of $4,219.
Fxstreet
Mon, Oct 20
PRECIOUS-Gold climbs on rate-cut bets, broader uncertainty; investors eye US-China trade talks
US CPI data due on FridaySpot gold hit all-time high of $4,378.69/oz last weekUS government shutdown enters its 20th dayBy Noel John and Pablo Sinha Oct 20 (Reuters) - Gold prices rose by over 2% on Monday, buoyed by expectations of further U.S. interest rate cuts and sustained safe-haven demand...Reuters
Mon, Oct 20
US Cash Grains-Corn and soy basis mostly flat to higher
CHICAGO, Oct 20 (Reuters) - Corn and soybean basis bids were mostly steady to higher at elevators, processors and ethanol plants in the U.S. Midwest on Monday as futures moved up, a spot check of locations showed. The corn basis rose at ethanol plants in Linden, Indiana and Council Bluffs, Indiana a...Reuters
Mon, Oct 20
FACTBOX-Amazon cloud outage: online services hit, recovery uneven
Oct 20 (Reuters) - An outage at Amazon's AMZN.O cloud computing unit was gradually easing on Monday, after disrupting many online services offered by banks, social media companies and businesses. The turmoil marked the largest internet disruption since last year's CrowdStrike malfunction hob...Reuters
Mon, Oct 20
Australia, US to spend billions on mining, defense projects, White House says as leaders meet
WASHINGTON, Oct 20 (Reuters) - Australia and the United States will spend billions of dollars in coming years on critical mining projects, defense systems and other investments in a deal between the two nation's leaders signed on Monday, the White House said.Under the agreement, both countries w...Reuters
Mon, Oct 20
Phillips 66 Borger, Texas Refinery Reports Emissions
Oct 20 (Reuters) - Phillips 66 PSX.N:REPORTS EMISSIONS FROM THE GOHDS FLARE EXCEEDED 500 LBS ON OCT 19 AT BORGER, TEXAS REFINERY REPORTS AN INVESTIGATION INTO THE CAUSE OF THE INCIDENT WILL BE CONDUCTEDSOURCE: TEXAS COMMISSION ON ENVIRONMENTAL QUALITY FILINGCAPACITY: 149,000 BARRELS PER DAYReuters
Mon, Oct 20
Iraq to sign agreement with US company Excelerate Energy to supply gas to Iraq, prime minister's office says
CAIRO, Oct 20 (Reuters) - Iraq will sign an agreement with U.S.-based LNG company Excelerate Energy to supply U.S. gas to Iraq, the Iraqi prime minister's office said on Monday without providing further details.Reuters
Mon, Oct 20
Silver rises on safe-haven demand amid US shutdown, geopolitical risks
Silver (XAG/USD) advances on Monday, trading around $52.20 per troy ounce at the time of writing, up 0.70% on the day. The grey metal recovers strongly after Friday’s correction, supported by renewed demand for safe-haven assets as geopolitical and fiscal concerns weigh on market sentiment.
Fxstreet
Mon, Oct 20
Europe Gasoline/Naphtha-Gasoline cracks fall further on Dangote restart
LONDON, Oct 20 (Reuters) - Northwest European gasoline profit margins fell by about $1.70 a barrel on Monday, after Nigeria's Dangote oil refinery last week began the restart process for its gasoline unit.A total of 16,000 metric tons of Eurobob E5 gasoline barges traded as Varo, ExxonMobil and ...Reuters
Mon, Oct 20
