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CANADA-CRUDE-Discount on Western Canada Select widens
Oct 17 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 widened on Friday. WCS for November delivery in Hardisty, Alberta, settled at $10.90 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Wednesday&...Reuters
Fri, Oct 17
New York judge says Venezuela's PDVSA must pay $2.86 billion to bondholders
Oct 17 (Reuters) - A New York judge who last month confirmed the validity of defaulted Venezuelan bonds ruled on Friday that Venezuela's state oil firm PDVSA must pay $2.86 billion to the bondholders, according to a court filing.The bonds are collateralized with equity in Citgo, PDVSA's Hous...Reuters
Fri, Oct 17
Med crude-Urals diffs stable amid market uncertainty
MOSCOW, Oct 17 (Reuters) - Urals crude differentials to dated Brent remained unchanged as rising uncertainty about the future of Russian oil supply slowed down the trade.U.S. President Donald Trump said again on Friday that India was not going to buy Russian oil anymore.U.S. and European pressure on...Reuters
Fri, Oct 17
US courts set to run out of money, begin furloughs as shutdown lingers
Federal judiciary to begin furloughs MondayCivil litigation delays mount, but Trump-related cases proceedFunding shortfall hits judiciary harder than during last government shutdownBy Nate Raymond Oct 17 (Reuters) - The U.S. federal court system starting on Monday will begin curtailing non-essent...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 posted 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 as domestic dem...Reuters
Fri, Oct 17
Oil set for weekly loss as global conflicts ease, signs of glut emerge
Oil prices set for weekly loss, IEA forecasts rising glutTrump and Putin plan summit on Ukraine, cease-fire halts fighting in GazaConcerns mount over economic slowdown, lower energy demandBy Erwin Seba HOUSTON, Oct 17 (Reuters) - Oil prices managed small gains on Friday but were headed for a week...Reuters
Fri, Oct 17
CBOT wheat firms, ends higher for the week on bargain buying
CHICAGO, Oct 17 (Reuters) - Chicago Board of Trade wheat futures firmed on Friday and registered the first weekly gain in five weeks on short covering and bargain buying after a recent drop to five-year lows.Ample global supplies kept a lid on gains, although low prices have attracted improved buyin...Reuters
Fri, Oct 17
CBOT soybeans rise on firm cash markets, strong crush demand
CHICAGO, Oct 17 (Reuters) - Chicago Board of Trade soybean futures rose for a third straight day on Friday and notched the strongest weekly gain in five weeks on firm cash markets and limited farmer sales of newly harvested crops.Hopes for advances in U.S.-China trade talks further supported the mar...Reuters
Fri, Oct 17
US Cash Crude-Grades slip on weakened refinery demand
Oct 17 (Reuters) - Grades broadly rose on Friday, dealers said, as refinery demand weakened. A fire at BP's BP.L 440,000 barrel-per-day oil refinery in Whiting, Indiana, was extinguished on Friday morning, the company said.Reuters earlier reported multiple units were offline, according to t...Reuters
Fri, Oct 17
EXCLUSIVE-Venture Global held talks with Ukraine to provide it with more LNG, sources say
By Curtis Williams and Dmitry Zhdannikov HOUSTON, Oct 17 (Reuters) - Venture Global VG.N has held talks with Ukraine to sell it additional cargoes of liquefied natural gas from its Plaquemines LNG plant in Louisiana as the winter approaches amid Russian attacks on its infrastructure, three people...Reuters
Fri, Oct 17
US Cash Grains-Corn and soy basis firms at multiple locations
CHICAGO, Oct 17 (Reuters) - Corn and soybean basis bids were steady to higher at elevators, processors and ethanol plants in the U.S. Midwest on Friday as the harvest progressed, a spot check of locations showed. Showers crossing portions of the Midwest in the next 1-5 days are expected to cause few...Reuters
Fri, Oct 17
US to furlough workers at nuclear weapons agency due shutdown
By Timothy Gardner WASHINGTON, Oct 17 (Reuters) - The Trump administration next week will begin to furlough workers at the agency that manages the U.S. nuclear weapons arsenal due to the government shutdown, Energy Secretary Chris Wright said on Friday. Wright said in a post on X that the furloug...Reuters
Fri, Oct 17
California takes action against plastic bag makers over recycling claims
California sues three plastic bag makers over false recycling claimsSettlement reached with four companies, halting bag sales and $1.8M paymentInvestigation initiated by Bonta after commission's request to tackle plastic pollutionSettlement includes halting sales of plastic bags in CaliforniaBy ...Reuters
Fri, Oct 17
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
