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US Cash Crude- Grades mixed as WTI/Brent spread stays wide, refinery demand slips
HOUSTON, Jan 30 (Reuters) - Crude grades were mixed on Friday, dealers said, as the WTI/Brent spread remained wide but domestic refinery demand fell. The spread between WTI and Brent supported prices, trading as wide as minus $5.50 during the session. A spread larger than minus $4 typically encourag...Reuters
Fri, Jan 30
US to propose unwinding Biden-era heavy truck fuel economy rules
Biden had sought truck fleet mileage of 35 mpg by 2035Trump's NHTSA says those standards were unrealisticRevised rules expected to cut lvehicle costs, raise refueling costsBy David Shepardson WASHINGTON, Jan 30 (Reuters) - The U.S. Transportation Department said Friday it plans to propose...Reuters
Fri, Jan 30
WRAPUP 1-Exxon, Chevron see glimmer of Venezuela's potential, but with long road ahead
Exxon, Chevron cautious on Venezuela investments despite U.S. pushExxon, Chevron CEOs stress need for legal, political stabilityVenezuela's political shifts may benefit Exxon, Chevron in GuyanaBy Sheila Dang HOUSTON, Jan 30 (Reuters) - U.S. oil majors Exxon Mobil XOM.N and Chevron CVX.N offer...Reuters
Fri, Jan 30
US federal court says Energy Dept climate group violated law
By Valerie VolcoviciWASHINGTON, Jan 30 (Reuters) - A U.S. federal court on Friday ruled the Department of Energy violated the law when it formed a climate science advisory group, potentially putting its forthcoming final proposal to repeal a key climate regulation at risk.The U.S. District Court for...Reuters
Fri, Jan 30
GRAINS-Chicago grain prices fall amid profit-taking and dollar rebound
Grains pressured by profit-taking, dollar rebounds after four-year lowWheat supported by short-covering, cold weather in US and Black SeaArgentina's crops need rain, Brazil's soybean harvest tempers concernsBy Renee Hickman CHICAGO, Jan 30 (Reuters) - Chicago corn, soybean and wheat futur...Reuters
Fri, Jan 30
Barclays Recommends Going Long Brent Call Spreads
Jan 30 (Reuters) - BARCLAYS:RECENT PRICE ACTION AFFIRMS OUR VIEW THAT GEOPOLITICAL TENSIONS POSE ASYMMETRIC UPSIDE RISKS IN OIL MARKETS.US-IRAN TENSIONS REMAIN ELEVATED. ONGOING SHUTTLE DIPLOMACY MIGHT HELP OVER THE NEAR TERM, BUT THE RHETORIC DOES NOT SUGGEST A CLEAR SUSTAINABLE PATH TO DIPLOMACY Y...Reuters
Fri, Jan 30
CBOT soybeans down on profit-taking, dollar strength
CHICAGO, Jan 30 (Reuters) - Chicago Board of Trade soybean futures fell on Friday on profit-taking and traders adjusting positions before the end of the month. The dollar also regained strength, in theory making U.S. exports less competitive on the global market. Investors adjusted their positions ...Reuters
Fri, Jan 30
US federal court says Energy Dept. climate group violated law
WASHINGTON, Jan 30 (Reuters) - A U.S. federal court on Friday ruled that the Department of Energy violated the law when it formed a climate science advisory group, potentially putting its forthcoming final proposal to repeal a key climate regulation at risk.The U.S. District Court for the District o...Reuters
Fri, Jan 30
Phillips 66 Borger, Texas Refinery Reports Process Upset
Jan 30 (Reuters) - Phillips 66 PSX.N:REPORTS EMISSIONS AT BORGER, TEXAS REFINERY REPORTS EXPERIENCED A PROCESS UPSETREPORTS INVESTIGATION INTO THE CAUSE OF THE INCIDENT WILL BE CONDUCTEDSOURCE: TEXAS COMMISSION ON ENVIRONMENTAL QUALITY FILINGCAPACITY: 149,000 BARRELS PER DAYReuters
Fri, Jan 30
US cattle herd dwindles to 75-year low, USDA says
By Tom Polansek CHICAGO, Jan 30 (Reuters) - The U.S. cattle herd dwindled to its smallest size since 1951, the U.S. Department of Agriculture said on Friday, signaling that beef prices will stay high for consumers after setting records last year.The nation had 86.2 million cattle and calves a...Reuters
Fri, Jan 30
CBOT wheat falls on profit-taking, dollar rebound
CHICAGO, Jan 30 (Reuters) - Chicago Board of Trade wheat futures fell back on Friday as investors engaged in end of month positioning and a rebound in the dollar pressured the commodity. Profit-taking added pressure as investors approached the end of the month, according to analysts. Harsh weather i...Reuters
Fri, Jan 30
US to propose unwinding Biden-era heavy truck fuel economy rules
WASHINGTON, Jan 30 (Reuters) - The U.S. Transportation Department said Friday it plans to propose rolling back fuel economy standards for heavy-duty pick trucks and vans, the latest effort to unwind stringent vehicle standards.In 2024, the administration of then President Joe Biden finalized rules t...Reuters
Fri, Jan 30
Glencore Canada Maintained Discussions With Québec Government On Horne Smelter & Canadian Copper Refinery
Jan 30 (Reuters) - Glencore Canada:GLENCORE CANADA: MAINTAINED ONGOING DISCUSSIONS WITH GOVERNMENT OF QUÉBEC ON HORNE SMELTER & CANADIAN COPPER REFINERYGLENCORE CANADA: CERTAIN KEY ELEMENTS OF HORNE SMELTER & CANADIAN COPPER REFINERY REMAIN UNRESOLVEDReuters
Fri, Jan 30
CBOT corn falls on profit-taking, dollar resurgence
CHICAGO, Jan 30 (Reuters) - Chicago Board of Trade corn futures ended down as traders engaged in end-of-month profit taking and the dollar gained back ground after a slide earlier in the week. Market participants were adjusting positions at the end of the month and after a volatile trading week mark...Reuters
Fri, Jan 30
Demand on largest US power grid forecast close to winter record
Arctic temperatures should keep energy demand high through Feb 2PJM has navigated 10 frigid days without rolling blackoutsFreeze has driven up demand while limiting natural gas suppliesBy Tim McLaughlin and Laila KearneyJan 30 (Reuters) - Power demand on the largest U.S. electric grid is expected to...Reuters
Fri, Jan 30
Chevron can process another 100,000 bpd of Venezuelan crude at its US refineries, CEO says
Chevron processes 50,000 bpd Venezuelan crude at Pascagoula refineryPotential to increase Venezuelan output by 50% with U.S. government approvalChevron reviews new Venezuelan hydrocarbons law for potential expansionBy Sheila Dang and Vallari Srivastava HOUSTON, Jan 30 (Reuters) - Chevron CVX.N C...Reuters
Fri, Jan 30
US natural gas futures jump 11% on rising flows to LNG export plants, cold forecasts
Gas futures rise as LNG export flows increaseOutput rises after Arctic blast LSEG projects gas demand to fall, storage levels drop below normalBy Scott DiSavino NEW YORK, Jan 30 (Reuters) - U.S. natural gas futures jumped 11% on Friday on forecasts for the weather to remain colder than normal...Reuters
Fri, Jan 30
Oil hovers near six-month high as investors track US-Iran tensions
Iran says defense capabilities not for discussionUS issues new Iran-related sanctionsTrump names Kevin Warsh for Fed chairOil benchmarks set for highest monthly gains in since 2022By Erwin Seba HOUSTON, Jan 30 (Reuters) - Oil prices dipped a few cents per barrel on Friday, consolidating recen...Reuters
Fri, Jan 30
US cattle herd dwindles to 75-year low, USDA says
CHICAGO, Jan 30 (Reuters) - The U.S. cattle herd dwindled to its smallest size since 1951, the U.S. Department of Agriculture said on Friday, signaling that beef prices could go higher for consumers after setting records last year.The nation had a total of 86.2 million cattle and calves as of Januar...Reuters
Fri, Jan 30
EXCLUSIVE-Carlyle in talks with potential UAE partners on Lukoil assets, sources say
Mubadala, XRG and IHC in discussions with Carlyle, sources sayDeal includes assets from Iraq oilfields to Eastern EuropeLukoil still talking to other partiesBy Shadia Nasralla and Anna Hirtenstein LONDON, Jan 30 (Reuters) - U.S. private equity firm Carlyle CG.O has begun exploratory talks with UA...Reuters
Fri, Jan 30
