News
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Sable to need about $1.7 billion in funding to progress Santa Ynez project, sources say
Sable proposed floating storage strategy amid pipeline dispute$450 million estimated needed for vessel purchase or conversion-sources California regulator rules against Sable's pipeline restart requestBy Shariq KhanNEW YORK, Oct 24 (Reuters) - Sable Offshore SOC.N would need about $1.7 billion i...Reuters
Fri, Oct 24
GRAINS-Soy, corn dip on farmer selling; US-China trade talks in focus
By Julie Ingwersen CHICAGO, Oct 24 (Reuters) - U.S. soybean futures retreated on Friday from a one-month high, pressured by a round of farmer selling while market players awaited upcoming U.S. trade talks with China, the world's top soybean buyer.Corn futures fell as the Midwest harvest advan...Reuters
Fri, Oct 24
Mexico's Pemex says it halved supplier debt under current government
MEXICO CITY, Oct 24 (Reuters) - Mexico's state-owned oil company Pemex has paid down half of its debts to suppliers since Mexican President Claudia Sheinbaum took office in October 2024, the company's chief executive said on Friday.Chief Executive Victor Rodriguez said in a presentation to C...Reuters
Fri, Oct 24
USDA memo says it will not use emergency funds for November food benefits
SNAP benefits could lapse for 41 million people due to shutdownSNAP contingency funds will be reserved for other uses, agency saysMayors, House Democrats have urged USDA to fund November benefitsBy Leah Douglas WASHINGTON, Oct 24 (Reuters) - The U.S. Department of Agriculture will not use agency ...Reuters
Fri, Oct 24
US Cash Crude-Grades mixed on final day of volatile roll trade period
Oct 24 (Reuters) - Physically traded U.S. crude grades were mixed on Friday, dealers said, with sour grades trading higher on the final full day of the volatile roll trading period. Traders use the three-day roll period to adjust their crude slates, square up positions and net out exposures followin...Reuters
Fri, Oct 24
CBOT corn ends lower on profit-taking, farmer selling
CHICAGO, Oct 24 (Reuters) - Chicago Board of Trade corn futures ended lower on Friday on a flurry of profit-taking and farmer selling after the most-active December contract CZ25 set a one-month high a day earlier, traders said.CBOT December corn CZ25 settled down 4-3/4 cents at $4.23-1/4 per bushel...Reuters
Fri, Oct 24
CBOT wheat closes mixed after choppy session
CHICAGO, Oct 24 (Reuters) - Chicago Board of Trade wheat futures closed mixed on Friday with the benchmark December contract WZ25 ending a choppy session fractionally lower a day after rising 1.8%. CBOT December soft red winter wheat WZ25 settled down 1/2 cent at $5.12-1/2 per bushel. For the week, ...Reuters
Fri, Oct 24
PBF Reports Planned Maintenance At Torrance, California Refinery
Oct 24 (Reuters) - PBF Energy Inc PBF.N:REPORTS FLARING DUE TO PLANNED MAINTENANCE AT TORRANCE CALIFORNIA REFINERY FROM OCT. 28 TO NOV. 5REFINERY CAPACITY: 160,000 BARRELS PER DAYSOURCE: SOUTH COAST AIR QUALITY MANAGEMENT DISTRICT FILINGReuters
Fri, Oct 24
CIF/FOB Gulf Grain-Soy barge bids slip, traders await US-China talks
CHICAGO, Oct 24 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals extended a setback on Friday, traders said.Traders were awaiting news on talks between U.S. and Chinese officials after China has halted purchases of American soybeans due to the nations' trade conf...Reuters
Fri, Oct 24
US launches investigation into China's compliance with 2020 trade deal
By David Lawder and Jasper Ward WASHINGTON, Oct 24 (Reuters) - The U.S. Trade Representative's office on Friday said it had launched a new tariff investigation into China's "apparent failure" to comply with the "Phase One" trade deal signed with President Donald Trump in 2...Reuters
Fri, Oct 24
Newmont Announces Commercial Production At Ahafo North In Ghana
Oct 24 (Reuters) - Newmont Corporation NEM.N:NEWMONT ANNOUNCES COMMERCIAL PRODUCTION AT AHAFO NORTH IN GHANANEWMONT - AHAFO NORTH IS EXPECTED TO PRODUCE APPROXIMATELY 50,000 OUNCES OF GOLD IN 2025NEWMONT - OVER NEXT FIVE YEARS OPERATION IS POSITIONED TO DELIVER BETWEEN 275,000 AND 325,000 OUNCES OF ...Reuters
Fri, Oct 24
ICE canola futures close down for day, up for week
WINNIPEG, Manitoba, Oct 24 (Reuters) - ICE canola futures closed down on Friday to end the week slightly higher.• January canola RSF6 settled down $1.30 at $632.50 per metric ton. November RSX5 settled down $1 at $617.50 a ton.• The week saw a $2.50 gain in January futures, with no obvious direction...Reuters
Fri, Oct 24
CBOT soy retreats from 1-month top on profit-taking; US-China talks eyed
CHICAGO, Oct 24 (Reuters) - Chicago Board of Trade soybean futures ended lower on Friday on a round of farmer selling and profit-taking after the benchmark November contract SX25 hit a one-month high, traders said, while market players awaited upcoming U.S. trade talks with China, the world's to...Reuters
Fri, Oct 24
Deals of the day-Mergers and acquisitions
Oct 24 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Friday:Two Grindr GRND.N board members, part of an investor group that owns more than 60% of the company, have proposed to take one of the world's most recognized dating platforms for the LGBT...Reuters
Fri, Oct 24
Oil slips on skepticism about US commitment to Russian oil sanctions
Benchmarks pare early-day gains spurred by Thursday's sanctions Brent, US crude both gain over 7% in the weekChinese state oil majors to suspend Russian oil purchasesIndian refiners set to cut their Russian crude imports By Erwin Seba HOUSTON, Oct 24 (Reuters) - Oil prices fell on Friday as s...Reuters
Fri, Oct 24
USDA will not use emergency funds for November food benefits
WASHINGTON, Oct 24 (Reuters) - The U.S. Department of Agriculture will not use agency contingency funds to pay for food aid benefits set to lapse in November amid the ongoing federal government shutdown, according to a memo seen by Reuters.Reuters
Fri, Oct 24
US natural gas prices ease to one-week low as storage remains high
Gas storage levels about 5% above normal, easing supply concernsSeasonally cold weather forecast to boost heating demandLNG export feedgas hits all-time highBy Scott DiSavino Oct 24 (Reuters) - U.S. natural gas futures eased about 1% to a one-week low on Friday on a small output increase in recen...Reuters
Fri, Oct 24
