News
Important Only
HF Sinclair mulls pipeline expansions to boost US West Coast fuel supply
Plan could add 150,000 barrels per day to regional marketsExpansion includes Pioneer and UNEV pipelinesNew lateral from Salt Lake City to Reno under evaluationBy Nicole Jao NEW YORK, Oct 29 (Reuters) - U.S. refiner HF Sinclair DINO.N is considering expanding its pipeline systems across the Rocky ...Reuters
Wed, Oct 29
CIF/FOB Gulf Grain-Soybean barge bids firm as traders await Trump-Xi meeting
CHICAGO, Oct 29 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were steady to higher on Wednesday after Chinese importers made their first purchases of newly harvested U.S. soybeans this season, traders said.Traders said China's COFCO bought three cargoes of U....Reuters
Wed, Oct 29
In Hurricane Melissa's wake, Jamaican expats can only wait and pray
Hurricane Melissa devastates parts of Jamaica, cutting off communicationsNew York's Jamaican community eager to assist relatives on the islandRelief efforts initiated by international and Jamaican organizationsDrone footage shows extensive flooding and damageBy Maria Tsvetkova, Helen Coster and ...Reuters
Wed, Oct 29
Alamos Gold's Q3 revenue and adjusted EPS miss estimates
OverviewAlamos Gold Q3 revenue and adjusted EPS missed analyst expectationsProduced 141,700 ounces of gold, slightly below guidance due to Magino mill downtimeRecord free cash flow of $130 mln achieved in Q3OutlookAlamos Gold revises 2025 production guidance down by 6% due to operational challengesC...Reuters
Wed, Oct 29
US Coast Guard responds to oil spill near Galveston, Texas
Oct 29 (Reuters) - The U.S. Coast Guard said on Wednesday it is responding to an oil discharge that occurred near Galveston, Texas, on Tuesday."Coast Guard Sector Houston-Galveston watchstanders received a call at approximately 9:50 p.m. reporting a discharge of fuel oil spilled by a vessel near...Reuters
Wed, Oct 29
US Export-Import Bank considers $200 million loan for rare earths firm REalloys
By Ernest Scheyder Oct 29 (Reuters) - Rare earths firm REalloys has received a letter of interest from the U.S. Export-Import Bank (EXIM) for a loan worth up to $200 million to fund processing and magnet facilities, in what would be Washington's latest move to bolster American production of t...Reuters
Wed, Oct 29
HF Sinclair considers pipeline expansions to boost West Coast fuel supply
Oct 29 (Reuters) - U.S. refiner HF Sinclair DINO.N said on Wednesday it is considering a strategic expansion of its midstream refined products footprint across the Rocky Mountain and West Coast regions.HF Sinclair aims to address the increasing supply and demand imbalances in key western markets, pa...Reuters
Wed, Oct 29
UK's Reeves looks at early scrapping of windfall tax on oil and gas sector, FT reports
Oct 29 (Reuters) - Britain's finance minister, Rachel Reeves, could scrap a windfall tax on the country's oil and gas industry a year earlier than planned, the Financial Times reported on Wednesday. Reeves is believed to be considering a range of options to remain on course for her target of...Reuters
Wed, Oct 29
Mali revokes over 90 mining exploration permits for non compliance
Revoked permits cover gold, iron ore, bauxite, uranium, rare earthsMines ministry says affected firms non-compliant Mining sector disruption could impact foreign investment ACCRA, Oct 29 (Reuters) - Mali has revoked more than 90 mining exploration permits, including those held by subsidiaries of ...Reuters
Wed, Oct 29
REFILE-UK's Reeves looks at early scrapping of windfall tax on oil and gas sector, FT reports
Oct 29 (Reuters) - Britain's finance minister, Rachel Reeves, could scrap a windfall tax on the country's oil and gas industry sooner than expected, the Financial Times reported on Wednesday. Reeves is considering using the budget to stop the energy profits tax in March 2029, reversing a dec...Reuters
Wed, Oct 29
Chipotle cuts annual sales forecast again
Oct 29 (Reuters) - Chipotle Mexican Grill CMG.N on Wednesday slashed annual sales forecast for the third time this year, signaling that even its typically affluent diners are cutting back on eating out amid mounting cost pressures.The burrito chain expects 2025 comparable restaurant sales to decline...Reuters
Wed, Oct 29
GRAINS-Soybean futures hover near 15-month high after China buys US cargoes
China buys about 180,000 metric tons of US soy, sources sayTraders say more deals needed after China shunned US suppliesTrump and Xi set to meet in South Korea on ThursdayBy Tom Polansek CHICAGO, Oct 29 (Reuters) - Chicago Board of Trade soybean futures hovered near a 15-month high on Wednesday a...Reuters
Wed, Oct 29
Starbucks beats global comparable sales estimates
Oct 29 (Reuters News) - Starbucks SBUX.O on Wednesday posted a bigger-than-expected rise in quarterly global same-store sales, helped by a recovery in demand in international markets amid an ongoing revamp of its U.S. operations by CEO Brian Niccol. Comparable sales rose after about a year and a hal...Reuters
Wed, Oct 29
US Cash Crude-Grades mixed even as EIA data shows fall in US crude stocks
Oct 29 (Reuters) - U.S. crude grades were mixed on Wednesday, dealers said, even as data showed U.S. crude and fuel inventories were drawn down more than expected last week. WTI Midland eased 10 cents, while WTI at East Houston, also known as MEH, was unchanged.Mars Sour eased 15 cents amid a partia...Reuters
Wed, Oct 29
US court to decide pending motions in Citgo parent auction by end of Nov
HOUSTON, Oct 29 (Reuters) - A U.S. federal judge on Wednesday said he will decide on pending motions seeking to disqualify him and advisors overseeing the court-ordered auction of Citgo Petroleum's parent by the end of the month, along with a ruling to resolve objections to the bid recommended a...Reuters
Wed, Oct 29
Oil settles higher on large drop in US stockpiles, trade optimism
US crude, fuel stocks fell more than expected, EIA saysTrump says he expects good outcome from talks with China's XiUS-South Korea finalize details of trade dealOPEC+ considering modest output increase in DecemberBy Shariq Khan NEW YORK, Oct 29 (Reuters) - Oil prices rose on Wednesday after d...Reuters
Wed, Oct 29
CBOT wheat rises ahead of Trump-Xi talks
CHICAGO, Oct 29 (Reuters) - Chicago Board of Trade wheat futures closed slightly higher on Wednesday as traders awaited talks between U.S. President Donald Trump and his Chinese counterpart Xi Jinping on Thursday.Short covering helped lift the market, traders said.They were watching to see whether C...Reuters
Wed, Oct 29
Phillips 66 outperforms Wall Street expectations with higher refining margins
Phillips 66 refineries operated at 99% capacity, highest since 2018Shares rise nearly 3%Renewable fuels segment benefits from European creditsBy Nicole Jao NEW YORK, Oct 29 (Reuters) - Refiner Phillips 66 PSX.N beat Wall Street third-quarter profit estimates on Wednesday, helped by stronger-than-...Reuters
Wed, Oct 29
PRECIOUS-Gold pares gains after Fed Powell's comments despite rate cut
US dollar extends gainsTrump says trade deal reached with South KoreaSilver, palladium up over 1% By Noel John and Anjana Anil Oct 29 (Reuters) - Gold prices pared gains on Wednesday as markets digested comments from U.S. Federal Reserve Chair Jerome Powell regarding the future policy path, despi...Reuters
Wed, Oct 29
