News
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Shopify down for thousands of users on Cyber Monday
Dec 1 (Reuters) - Thousands of Shopify SHOP.TO, SHOP.O users encountered issues related to logging in on the online shopping platform, impacting customers and several small businesses on Cyber Monday.The platform is investigating an issue that peaked around 11 AM, with users reporting problems, as r...Reuters
Mon, Dec 1
EXCLUSIVE-Amber Energy plans to hold on to Citgo refineries after takeover
Sale, expected to close in 2026, needs OFAC approvalCitgo's refineries provide stable earnings throughout the yearAmber expected to shake up Citgo's boardSome contractors might become permanent employees after dealBy Marianna Parraga HOUSTON, Dec 1 (Reuters) - Elliott Investment Managemen...Reuters
Mon, Dec 1
StoneX trims outlook for Brazil's 2025/26 soybean, corn crops
SAO PAULO, Dec 1 (Reuters) - Brazil's soybean production is expected to reach 177.2 million metric tons in 2025/26, consultancy firm StoneX said on Monday, cutting its outlook by 0.9% from a November projection.• The revision reflects productivity cuts in Mato Grosso and Goias states, which are ...Reuters
Mon, Dec 1
US Cash Grains-Corn basis bids mixed, soy bids steady-firm as futures ease
CHICAGO, Dec 1 (Reuters) - Spot basis bids for corn were steady to higher at U.S. Midwest ethanol plants and interior elevators on Monday and mixed at river terminals and other processors as futures eased and farmer selling remained muted. A large corn processor in Decatur, Illinois, and a processor...Reuters
Mon, Dec 1
BP's Olympic Pipeline resumes full operations after Washington leak
By Nicole Jao NEW YORK, Dec 1 (Reuters) - BP's BP.L Olympic Pipeline system returned to full service over the weekend following a leak east of Everett, Washington that closed the pipeline from mid November.Nearly 2,300 gallons of refined products had been recovered as of Saturday, the company...Reuters
Mon, Dec 1
US LNG exports hit record high in November on cooler weather, strong output
By Curtis WilliamsHOUSTON, Dec 1 (Reuters) - U.S. liquefied natural gas exports hit an all-time monthly high in November for the second straight month, driven by cooler weather and robust output from the country's two largest producers, preliminary data from financial firm LSEG showed on Monday....Reuters
Mon, Dec 1
PRECIOUS-Gold touches six-week high as rate cut bets weigh on dollar; silver hits record high
Silver hits all-time high of $58.23 per ounceFed Chair Jerome Powell to speak later in the dayGold & silver in a strong sideways-to-uptrend, analyst saysBy Anmol Choubey Dec 1 (Reuters) - Gold prices rose to a six-week high on Monday, supported by growing expectations of U.S. interest rate cu...Reuters
Mon, Dec 1
CPC resumes oil loadings from single mooring point at Black Sea terminal
One of three mooring points damaged, one offlineAnalysts estimate CPC exports halvedKazakhstan protests Ukraine strikesCPC exports had been seen rising MOSCOW, Dec 1 (Reuters) - The Caspian Pipeline Consortium (CPC) said on Monday that it had resumed oil shipments from one mooring point at its ...Reuters
Mon, Dec 1
Jamaica secures $6.7 billion from agencies for post-Melissa rebuild
By Zahra Burton KINGSTON, Dec 1 (Reuters) - Jamaica has secured up to $6.7 billion in support from international agencies to fund reconstruction over the next three years in the wake of Hurricane Melissa.Melissa, one of the strongest storms on record to make landfall in the Caribbean, unleashed c...Reuters
Mon, Dec 1
SOFTS-Robusta coffee slides as storm fears ease, cocoa extends rally
LONDON, Dec 1 (Reuters) - Robusta coffee futures on the ICE exchange slid on Monday as fears over damage from another tropical storm in top grower Vietnam eased, while cocoa extended its rally, bouncing off last week's two-year lows. COFFEERobusta coffee LRCc1 fell 2.4% to $4,45...Reuters
Mon, Dec 1
US natural gas futures hold near 35-month high on record LNG flows and colder forecasts
Colder weather expected to increase gas demand for heatingRecord LNG flows boost US natural gas demandGlobal gas prices lower amid Russia-Ukraine peace talksRecord US gas output allows for increased stockpilingBy Scott DiSavino NEW YORK, Dec 1 (Reuters) - U.S. natural gas futures held near a 35-m...Reuters
Mon, Dec 1
Early winter storm puts 16 million Americans under weather advisories
By Rich McKayDec 1 (Reuters) - A blast of frigid air from Canada is expected to dump up to a foot of snow along a stretch extending from Michigan to central New England and put more than 16 million Americans under winter storm advisories, forecasters said on Monday.The storm, which was already dropp...Reuters
Mon, Dec 1
Data center operator CyrusOne bolsters cooling capacity after outage hits CME Group
Dec 1 (Reuters) - Data center operator CyrusOne has installed additional backup cooling capacity at its Aurora, Illinois, data center after a snafu last week triggered an outage at CME Group CME.O for several hours.A cooling system failure at the data center on Friday forced CME, the world's lar...Reuters
Mon, Dec 1
FACTBOX-US Henry Hub natural gas prices average three-year high for November
Dec 1 (Reuters) - U.S. spot natural gas prices at the Henry Hub benchmark NG-W-HH-SNL in Louisiana hit a three-year high for the month of November, LSEG pricing data showed on Monday.Gas prices averaged $3.79 per million British thermal units (mmBtu), their highest price for November since 2022. Tha...Reuters
Mon, Dec 1
Gunvor managers buy out CEO Tornqvist as company seeks 'definitive reset'
Tornqvist to step down, sell stake in management buyoutLeadership change aims at reset amid scrutiny over Russia linksPedersen named CEO as Gunvor seeks stronger US ties, expansionBy Robert Harvey and Shariq Khan LONDON, Dec 1 (Reuters) - Global commodity trading house Gunvor's GGL.UL CEO Tor...Reuters
Mon, Dec 1
PRECIOUS-Gold touches six-week high as rate cut bets weigh on dollar; silver hits record high
Silver hits all-time high of $57.86 per ounceFed Chair Jerome Powell to speak later in the dayGold & silver in a strong sideways-to-uptrend, analyst saysBy Anmol Choubey Dec 1 (Reuters) - Gold prices rose to a six-week high on Monday, supported by growing expectations of U.S. interest rate cu...Reuters
Mon, Dec 1
Venezuela challenges US judge's sale order of Citgo parent before appeals court
HOUSTON, Dec 1 (Reuters) - Lawyers representing Venezuela and the parent companies of refiner Citgo Petroleum have filed appeals before the U.S. Court of Appeals for the Third Circuit challenging an order last week from a Delaware judge that authorized the sale of PDV Holding's shares, they told...Reuters
Mon, Dec 1
