News
Important Only
APA curtails US natgas and NGL production in third quarter on weak prices
Oct 8 (Reuters) - Oil and gas firm APA Corp APA.O said on Wednesday it curtailed about 20 million of cubic feet per day (MMcfpd) of U.S. natural gas production and 1,400 barrels per day of U.S. natural gas liquids production in the third quarter in response to weak prices.Reuters
Wed, Oct 8
BMO's chief seeks clarity on trade in order to finance, advise on Canada nation-building projects
BMO is open to financing new projects, CEO says Carney focuses on nation-building projects to counter U.S. tariff Royal Bank CEO urges Canada to reduce project approval timelinesBy Nivedita Balu TORONTO, Oct 8 (Reuters) - Bank of Montreal BMO.TO is ready to finance Canadian infrastructure project...Reuters
Wed, Oct 8
Guyanese mining businessmen could be extradited to US, attorney general says
Extradition process established in cooperation framework between US, GuyanaAzruddin and Nazar Mohamed were indicted in a US court of conspiracy to commit fraud, money launderingUS Treasury imposed sanctions on the businessmen in 2024Party calls leaders to decide if Mohamed can lead oppositionBy Kemo...Reuters
Wed, Oct 8
US Plains HRW Wheat-Basis holds steady; protein premiums firm
CHICAGO, Oct 8 (Reuters) - Basis bids for hard red winter wheat held steady in the southern U.S. Plains on Wednesday while protein premiums firmed for a few grades, typically a reflection of demand from domestic flour millers.Cash wheat sales remained slow as K.C. HRW wheat futures hovered near life...Reuters
Wed, Oct 8
US Cash Crude-Grades steady as wide WTI/Brent spread offsets rising domestic supplies
Oct 8 (Reuters) - Domestic crude grades were broadly steady on Wednesday, dealers said, as firmer export demand helped offset a rise in domestic supplies. U.S. crude oil stockpiles rose last week, while gasoline and distillate inventories fell as demand jumped, the Energy Information Administratio...Reuters
Wed, Oct 8
EXCLUSIVE-Ford F-150 Lightning plant hit by aluminum fire-related shutdown, union official says
By Nora Eckert DETROIT, Oct 8 (Reuters) - Ford Motor F.N is pausing production next week at the Dearborn, Michigan, plant that makes its F-150 Lightning electric pickup, a change a union official at the plant says is related to a disastrous fire at a supplier's New York aluminum factory.The S...Reuters
Wed, Oct 8
Chevron expects Hess acquisition to outperform targets, CEO tells employees
Chevron's Hess acquisition enhances growth prospects with Guyana oilfield stakeChevron to host investor day on Nov. 12Chevron considers off-grid power solutions for data centersCEO stresses need for consistent safety practices after refinery fireBy Sheila Dang HOUSTON, Oct 8 (Reuters) - Chevr...Reuters
Wed, Oct 8
Panama Canal posts $5.7 bln in FY2025 revenue, transits jump 19%
PANAMA CITY, Oct 8 (Reuters) - The Panama Canal said revenues rose around 14.4% in its fiscal year 2025 to $5.7 billion, based on preliminary and unaudited figures, authorities said in a statement on Wednesday.The canal also reported that vessel transits increased 19.3% year-on-year to 13,404 during...Reuters
Wed, Oct 8
ICE canola futures rise as harvest nears conclusion
WINNIPEG, Manitoba, Oct 8 (Reuters) - ICE canola futures rose on Wednesday as gains in soyoil and crude spilled over.• November canola RSX5 settled up $2 at $617 per metric ton. January RSF6 settled up $2.90 at $631. • The Canadian harvest is mostly done and present good weather should allow remaini...Reuters
Wed, Oct 8
GRAINS-Soybeans gain on lackluster harvest sales, lower yield outlook
By Karl Plume CHICAGO, Oct 8 (Reuters) - U.S. soybean futures rose for a second straight day on Wednesday on expectations that U.S. harvest yields will be lower than the latest government forecast and on limited sales by farmers awaiting news from U.S.-China trade talks and details of government ...Reuters
Wed, Oct 8
CBOT wheat approaches 5-year low, ends firm on short covering
CHICAGO, Oct 8 (Reuters) - Chicago Board of Trade wheat futures ended firm on Wednesday in a short-covering bounce after pressure from abundant global supplies had dragged prices to near-five-year lows, analysts said.CBOT December soft red winter wheat WZ25 settled 1 cent higher at $5.07-3/4 per bus...Reuters
Wed, Oct 8
Oil prices edge up on worries about Russian output, higher US demand
U.S. oil consumption rises despite larger-than-expected inventory buildRussian oil production nears OPEC+ quota despite sanctionsOil markets supported by smaller-than-expected OPEC+ output increase for NovemberBy Scott DiSavino NEW YORK, Oct 8 (Reuters) - Oil prices edged up about 1% to a one...Reuters
Wed, Oct 8
U.S. natural gas prices drop 5% on smaller daily output decline, ample gas in storage
Natural gas futures fall despite cooler weather forecastsWaha Hub prices turn positive as some producers shut wellsTropical storms unlikely to affect U.S. mainlandBy Scott DiSavino Oct 8 (Reuters) - U.S. natural gas futures dropped about 5% on Wednesday on a smaller than previously forecast d...Reuters
Wed, Oct 8
EXCLUSIVE-Ford F-150 Lightning plant hit by aluminum fire-related shutdown, union official says
By Nora EckertDETROIT, Oct 8 (Reuters) - Ford Motor F.N is pausing production next week at the Dearborn, Michigan plant that makes its F-150 Lightning electric pickup, a change a union official at the plant says is related to a disastrous fire at a supplier's New York aluminum factory.The Septem...Reuters
Wed, Oct 8
Carney says he had 'meeting of minds' with Trump on steel, aluminum
OTTAWA, Oct 8 (Reuters) - Canadian Prime Minister Mark Carney on Wednesday said he had "a meeting of minds" with U.S. President Donald Trump on the future of the steel and aluminum sectors, which are currently facing U.S. tariffs. Carney met Trump in the Oval Office on Tuesday for...Reuters
Wed, Oct 8
CBOT soybeans rise on lower US yield projections, trade hopes
CHICAGO, Oct 8 (Reuters) - Chicago Board of Trade soybean futures gained on Wednesday on talk of lower U.S. harvest yields and hopes for a farmer aid package and a breakthrough in U.S.-China trade talks, analysts said.CBOT November soybeans SX25 settled 7-1/2 cents higher at $10.29-1/2 per bushel. T...Reuters
Wed, Oct 8
CBOT corn on smaller U.S. yield outlook, higher soybeans
CHICAGO, Oct 8 (Reuters) - Chicago Board of Trade corn futures firmed on Wednesday in range-bound trading, supported by forecasts for smaller U.S. harvest yields and spillover support from rising soybean futures, analysts said.Losses were limited by expectations for a record-large U.S. crop, despite...Reuters
Wed, Oct 8
Canada floated Keystone XL revival in tariff discussion with Trump, source says
Discussions at early phase, unclear whether any company would build the projectKeystone XL faced environmental, Indigenous opposition, canceled by President Joe BidenBy Amanda Stephenson CALGARY, Oct 8 (Reuters) - Canadian Prime Minister Mark Carney raised the prospect of reviving the Keystone XL...Reuters
Wed, Oct 8
US airlines say it is 'imperative' FAA get quick wins in air traffic overhaul
Airlines say FAA should speed airspace modernization design, eliminate paper stripsFAA should condense air traffic controller training timeFAA has faced criticism for prior modernization effortsBy David Shepardson WASHINGTON, Oct 8 (Reuters) - A group representing major U.S. airlines said it is i...Reuters
Wed, Oct 8
Chevron expects Hess acquisition to outperform targets, CEO tells employees
HOUSTON, Oct 8 (Reuters) - Chevron CVX.N CEO Mike Wirth told employees on Wednesday that he believes the company will outperform publicly-stated financial targets given to investors following the acquisition of smaller oil producer Hess.Upon closing the $55-billion purchase of Hess in July, Chevron ...Reuters
Wed, Oct 8
