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China, US port fees disrupt cargo flows, push up rates
Tit-for-tat US, China port fees to squeeze ship availabilityRisk of capacity crunch sends shipping rates higherConsumers likely to pay for higher shipping costsVessel owners seek clarity in how China levies are assessedBy Lisa Baertlein and Jeslyn Lerh LOS ANGELES/SINGAPORE, Oct 17 (Reuters) - Ne...Reuters
Fri, Oct 17
US natgas prices climb 2% on lower output, near-record LNG export flows
Mild weather forecasts reduce gas demand, offsetting output declineGas storage levels 4% above normal, easing supply concernsLNG export flows near record highs, boosting demandBy Scott DiSavinoOct 17 (Reuters) - U.S. natural gas futures climbed about 2% on Friday on a decline in output so far this m...Reuters
Fri, Oct 17
CIF/FOB Gulf Grain-Corn, soybean barge bids creep higher
CHICAGO, Oct 17 (Reuters) - Spot basis bids for corn and soybeans delivered by barge to U.S. Gulf Coast terminals rose on Friday, traders said.Trade negotiations between the U.S. and top soy buyer China appeared to be getting back on track, following moves by both sides that escalated trade tensions...Reuters
Fri, Oct 17
$11 billion in Army Corps of Engineers projects to be paused, Vought says
Oct 17 (Reuters) - White House budget director Russell Vought said on Friday that $11 billion worth of Army Corp of Engineers' projects will be paused immediately due to the ongoing government shutdown."The Corps will be immediately pausing over $11 billion in lower-priority projects & c...Reuters
Fri, Oct 17
Gold crashes 2% from record high as Trump tempers threats on China
Gold price (XAU/USD) falls 2% after reaching a record high at $4,379 earlier on Friday, tumbles below $4,250, sponsored by US President Donald Trump's comment that triple-digit tariffs on China are unsustainable. At the time of writing, Bullion prices hover at around the $4,230 - $4,240 range.
Fxstreet
Fri, Oct 17
CBOT corn ends higher on US yield concerns, firm cash markets
CHICAGO, Oct 17 (Reuters) - Chicago Board of Trade corn futures ended higher for a fourth straight day on Friday and notched a weekly gain for the first time in more than a month, supported by firming cash market prices and reports of lower-than-expected U.S. harvest yields.Sluggish farmer sales of ...Reuters
Fri, Oct 17
BP says fire extinguished at Indiana oil refinery; multiple units down
By Shariq Khan, Nicole Jao and Stephanie KellyNEW YORK, Oct 17 (Reuters) - A fire ignited at BP's BP.L 440,000 barrel-per-day oil refinery in Whiting, Indiana, before it was extinguished on Friday morning, the company said.The blaze at the largest refinery in the U.S. Midwest caused gasoline pri...Reuters
Fri, Oct 17
Trump says India will soon stop buying Russian oil
WASHINGTON, Oct 17 (Reuters) - U.S. President Donald Trump reiterated on Friday that India will stop purchasing crude oil from Russia as part of a pressure campaign on Moscow to end the war with Ukraine. Earlier in the week, Trump said Prime Minister Narendra Modi told him India would stop buying oi...Reuters
Fri, Oct 17
UN shipping agency delays decision on carbon price under US pressure
US and Saudi Arabia strongly oppose carbon price on shippingTrump urged countries to vote no to the emission-reduction measureMajority of 57 countries voted to delay decision, 47 opposed Industry groups and environmental lobbies disappointed at delayBy Enes Tunagur and Jonathan Saul LONDON, Oct 1...Reuters
Fri, Oct 17
PRECIOUS-Gold pulls back after record high on firm dollar, Trump's China remarks
Markets price in 25 bps rate cut at the Oct Fed meet Trump says 100% tariffs on China not sustainableGold is up about 4.8% so far this weekSilver hits record high of $54.47/ozBy Sherin Elizabeth Varghese Oct 17 (Reuters) - Gold prices fell more than 2% on Friday after hitting a record high above ...Reuters
Fri, Oct 17
Trump to discuss Putin call during White House meeting with Ukraine’s Zelenskiy
WASHINGTON, Oct 17 (Reuters) - President Donald Trump said he would discuss his call with Russian President Vladimir Putin during his meeting at the White House on Friday with Ukrainian President Volodymyr Zelenskiy."He's endured a lot, and we've endured it with him," Trump said, ref...Reuters
Fri, Oct 17
US drillers add oil and gas rigs for first time in three weeks, Baker Hughes says
Rig count rises by one to 548, still 6% below last yearOil rigs steady, gas rigs highest since AugustEIA projects increased crude and gas output in 2025By Scott DiSavino Oct 17 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy service...Reuters
Fri, Oct 17
GRAINS-Corn, soybeans rise on US yield uncertainty, firming cash markets
By Karl Plume CHICAGO, Oct 17 (Reuters) - U.S. corn futures extended gains into a fourth session on Friday and were set for the first weekly rise in a month as slow farmer sales of newly harvested grain and reports of lower-than-expected harvest yields supported the market.Soybeans rose for a thi...Reuters
Fri, Oct 17
Peru's new government fires chair of state oil firm Petroperu
By Marco AquinoLIMA, Oct 17 (Reuters) - Peruvian President Jose Jeri's new interim government said on Friday it had fired the chairman of the cash-strapped state energy company Petroperu PETROBC1.LM, as the government looks to strengthen the company's management and finances.Peru's econo...Reuters
Fri, Oct 17
Euronext wheat steadies after fall
PARIS, Oct 17 (Reuters) - European wheat futures edged up on Friday after a two-day drop, with a slight easing in the euro and cold weather forecast in Argentina lending support, dealers said.December wheat BL2Z5 on Euronext's Paris-based market settled 0.8% up at 189.25 euros ($220.99) a metric...Reuters
Fri, Oct 17
North Sea Crude-Prices remain steady
LONDON, Oct 17 (Reuters) - North Sea crude differentials remained unchanged on Friday, while a Johan Sverdrup cargo traded. PLATTS WINDOW* Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).* Johan Sverdrup: Neste...Reuters
Fri, Oct 17
PRECIOUS-Gold pulls back after record high on firm dollar, Trump's China remarks
Markets price in 25 bps rate cut at the Oct Fed meet Trump says 100% tariffs on China not sustainableGold is up about 5% so far this weekSilver hits record high of $54.47/ozBy Sherin Elizabeth Varghese Oct 17 (Reuters) - Gold prices fell more than 2% on Friday after hitting a record high above $4...Reuters
Fri, Oct 17
