News
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NextDecade reaches positive FID on Train 5 at Rio Grande LNG project in Texas
Oct 16 (Reuters) - U.S. liquefied natural gas producer NextDecade NEXT.O said on Thursday it had reached a positive final investment decision (FID) on the fifth liquefaction plant, known as a train, of its Rio Grande export project in Texas.Shares of the company rose over 4% in extended trading, as ...Reuters
Thu, Oct 16
New York approves power line for Micron’s $100 billion semiconductor plant
Oct 16 (Reuters) - A new underground transmission line was approved by the New York State Public Service Commission linking an existing Clay substation with Micron Technology's MU.O proposed semiconductor megafab facility in Onondaga County, Governor Kathy Hochul announced on Thursday. The two-m...Reuters
Thu, Oct 16
CANADA-CRUDE-Discount on Western Canada Select widens
Oct 16 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 widened on Thursday. WCS for November delivery in Hardisty, Alberta, settled at $10.35 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Wednesda...Reuters
Thu, Oct 16
JPMorgan, Bank Of America, Goldman Sachs, & Citigroup In Talks With US Treasury To Provide Up To $20 Billion In Loans To Argentina - Semafor
Oct 16 (Reuters) - JPMORGAN, BANK OF AMERICA, GOLDMAN SACHS, AND CITIGROUP ARE IN TALKS WITH THE US TREASURY TO PROVIDE UP TO $20 BILLION IN LOANS TO ARGENTINA - SEMAFORSource text: https://tinyurl.com/dxyuv94xReuters
Thu, Oct 16
US Cash Crude-Grades fall as domestic crude stocks rise
Oct 16 (Reuters) - Grades slipped on Thursday, dealers said, as domestic crude stocks rose. U.S. crude stocks rose more than expected last week as refining crude runs dropped sharply to their lowest in more than a year and a half, data from the Energy Information Administration showed on Thursday.Cr...Reuters
Thu, Oct 16
NextDecade greenlights Train 5 at Rio Grande LNG project
Oct 16 (Reuters) - U.S. liquefied natural gas producer NextDecade NEXT.O said on Thursday it had reached a positive final investment decision for the fifth liquefaction plant, known as a train, of its Rio Grande export project in Texas.Reuters
Thu, Oct 16
LIVESTOCK-Live cattle hit contract highs on cash market strength
By Karl PlumeCHICAGO, Oct 16 (Reuters) - Chicago Mercantile Exchange live cattle futures climbed to fresh contract highs on Thursday as a firm cash market and stabilizing beef prices supported the market, analysts said.Feeder cattle were flat to higher, with nearby contracts consolidating after rece...Reuters
Thu, Oct 16
Oil drops 1%, settles at 5-month lows as Trump-Putin summit looms
Trump, Putin to meet in BudapestTrump says India will halt Russian oil purchasesUS crude oil inventories rose more than expected last week - EIABy Nicole Jao NEW YORK, Oct 16 (Reuters) - Oil prices fell more than 1% on Thursday after U.S. President Donald Trump said he and Russian President Vladi...Reuters
Thu, Oct 16
PRECIOUS-Safe-haven surge, Fed rate-cut bets drive gold beyond $4,300/oz
Silver hits record high of $54.15 /ozHSBC lifts 2025 gold forecast to $3,355/ozU.S. shutdown halts data; Treasury warns $15 bln weekly hitTraders see 25 bps Fed cuts in Oct and DecBy Sherin Elizabeth Varghese Oct 16 (Reuters) - Gold hit a record high for the fourth straight session on Thursday an...Reuters
Thu, Oct 16
Guyana not taking any gas development off the table, vice president says
GEORGETOWN, Oct 16 (Reuters) - Guyana's Vice President said on Thursday the country will not take any possible gas development off the negotiation table, including Exxon Mobil's XOM.N future offshore projects.Exxon's eighth project, Longtail, is expected to be the first to develop non-as...Reuters
Thu, Oct 16
TABLE-US generated more biofuel blending credits in September, EPA says
NEW YORK, Oct 16 (Reuters) - The U.S. generated more renewable blending credits in September than August, data from the Environmental Protection Agency showed on Thursday.About 1.23 billion ethanol (D6) blending credits were generated in September, compared with about 1.22 billion in August, the dat...Reuters
Thu, Oct 16
Railroad operator CSX beats quarterly profit estimates on strong intermodal volumes
Oct 16 (Reuters) - CSX CSX.O reported third-quarter profit above Wall Street estimates on Thursday, driven by improving intermodal volumes.On an adjusted basis, it reported a per-share profit of 44 cents, above analysts' average estimate of 42 cents apiece, according to data compiled by LSEG.Reuters
Thu, Oct 16
States sue to stop Trump cancellation of $7 billion solar grant program
Oct 16 (Reuters) - Nearly two dozen states are suing the Trump administration over its cancellation of a $7 billion grant program aimed at expanding solar energy in low-income communities, according to court papers.In a statement on Thursday, California Attorney General Rob Bonta announced two lawsu...Reuters
Thu, Oct 16
Guyana's parliament would not provide immunity to opposition leader Mohamed, VP says
GEORGETOWN, Oct 16 (Reuters) - Serving in Guyana's parliament would not provide immunity to opposition leader and mining businessman Azruddin Mohamed, following an indictment by a Florida court, the country's Vice President Bharrat Jagdeo said on Thursday.Azruddin and his father Nazar Mohame...Reuters
Thu, Oct 16
Gold marches past $4,300/oz on Fed rate cut bets, Sino-U.S. tensions
Oct 16 (Reuters) - Gold soared past $4,300 an ounce for the first time on Thursday as tensions between the U.S. and China pushed investors to safe haven assets, while rising expectations of a Federal Reserve rate cut this month amplified the momentum.Spot gold XAU= hit a record $4,312.00 per ounce w...Reuters
Thu, Oct 16
US energy prices to spike on Trump's axing of grants, senator says
By Valerie VolcoviciWASHINGTON, Oct 16 (Reuters) - The Trump administration's plans to cancel nearly $8 billion in Energy Department grants are illegal because contracts had already been signed and will cause consumer energy prices to skyrocket, the top Democrat on the U.S. Senate energy committ...Reuters
Thu, Oct 16
ICE canola ends lower, retreating from near four-week high
Oct 16 (Reuters) - ICE canola futures settled lower on Thursday, retreating from early strength on a round of technical selling and profit-taking after the benchmark January contract RSF6 hit its highest level in nearly four weeks, traders said. ICE November canola RSX5 settled down $2.80 at $617.60...Reuters
Thu, Oct 16
GRAINS-Corn rises on US yield concerns, strong crush demand lifts soybeans
Soy supported by high US crushing, corn by US yield concernsUS-China trade tensions, US data delays curb price movesWheat anchored by rising exporter supplyBy Karl Plume CHICAGO, Oct 16 (Reuters) - U.S. corn futures rose for a third straight day on Thursday and hit a 1-1/2 week high on reports of...Reuters
Thu, Oct 16
Guyana not taking any gas development off the table, vice president says
GEORGETOWN, Oct 16 (Reuters) - Guyana's Vice President said on Thursday the country will not take any possible gas development off the negotiation table, including Exxon Mobil's XOM.N future projects.Exxon's eighth project, Longtail, is expected to be the first to develop non-associated ...Reuters
Thu, Oct 16
Reuters Gulf Currents Newsletter – Qatar threatens to halt gas to Europe
By Andrew MillsDeputy Bureau Chief, Gulf The ceasefire in Gaza was still holding at the end of the week, even as Israel and Hamas traded blame over violations of the truce. Mediators, including those from Qatar, fretted about a row over the return of bodies of hostages held by Hamas in Gaza, whi...Reuters
Thu, Oct 16
