News
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Exxon expects up to $300 million boost to Q3 upstream earnings from oil prices
By Sumit Saha and Sheila Dang Oct 6 (Reuters) - Exxon Mobil XOM.N said on Monday changes in crude oil prices over the third quarter could impact the company's upstream earnings from negative $100 million to as much as a positive $300 million.The company also signaled in a regulatory filing th...Reuters
Mon, Oct 6
LIVESTOCK-Cattle firm as beef prices turn higher, supplies remain tight
By Karl Plume CHICAGO, Oct 6 (Reuters) - Chicago Mercantile Exchange cattle futures rose for a second straight session on Monday, supported by technical buying and as beef prices turned higher after a month-long decline, analysts said.Tight cattle supplies also continued to underpin the market as...Reuters
Mon, Oct 6
Gold set to become Australia's second-biggest resource earner
MELBOURNE, Oct 7 (Reuters) - Australia said on Tuesday it expected gold to become its second most valuable resource export after iron ore this financial year, dislodging liquefied natural gas, as concerns over geopolitical instability fuel demand for the safe-haven metal.Australia's gold exports...Reuters
Mon, Oct 6
US Cash Crude-Grades rise as WTI/Brent spread widens
Oct 6 (Reuters) - Grades broadly rose on Monday, dealers said, as the spread between West Texas Intermediate crude futures and global benchmark Brent widened, which typically makes U.S. grades more attractive to foreign buyers.The discount WTCLc1-LCOc1 widened to as much as minus $4.15 a barrel. A d...Reuters
Mon, Oct 6
Brazil's Lula and Trump agree to meet in person after friendly call
Lula and Trump discuss economic and trade relationsTariffs trigger drop in Brazilian coffee and beef exports to USTrump assigns Rubio to negotiate tariffs with BrazilBy Lisandra Paraguassu and Isabel Teles BRASILIA, Oct 6 (Reuters) - Brazilian President Luiz Inacio Lula da Silva and U.S. Presiden...Reuters
Mon, Oct 6
Trump bailout for trade-hit US farmers expected this week
White House meetings on aid held, announcement expected soonPlan faces hurdles due to ongoing government shutdownBailout framed as a 'bridge' for harvest months, source saysBy Leah Douglas and Bo Erickson WASHINGTON, Oct 6 (Reuters) - The Trump administration is expected to announce a pla...Reuters
Mon, Oct 6
Century Aluminum Signs Power Agreement Extension With Santee Cooper Through 2031
Oct 6 (Reuters) - Century Aluminum Co CENX.O:CENTURY ALUMINUM SIGNS POWER AGREEMENT EXTENSION WITH SANTEE COOPER THROUGH 2031CENTURY ALUMINUM CO - PLANS $50 MILLION INVESTMENT TO RESTART IDLE CAPACITY, BOOST PRODUCTION & INCREASE OVERALL U.S. ALUMINUM OUTPUTCENTURY ALUMINUM CO - EXPANSION TO CRE...Reuters
Mon, Oct 6
CANADA-CRUDE-Discount on Western Canada Select narrows
Oct 6 (Reuters) - The discount on Western Canada Select to North American benchmark West Texas Intermediate futures CLc1 narrowed on Monday.WCS for November delivery in Hardisty, Alberta, settled at $10.75 a barrel under the U.S. benchmark WTI, according to brokerage CalRock, compared to Friday'...Reuters
Mon, Oct 6
Mexico confirms new screwworm case in northern border state Nuevo Leon
By Cassandra Garrison MEXICO CITY, Oct 6 (Reuters) - Mexico's agriculture ministry said on Monday another case of the flesh-eating screwworm parasite was detected in Nuevo Leon, which borders the United States, marking the state's second confirmed case in about two weeks. The infested ca...Reuters
Mon, Oct 6
Fire at ONEOK facility in Mont Belvieu, Texas extinguished
Oct 6 (Reuters) - A fire at ONEOK's OKE.N natural gas liquids fractionation facility in Mont Belvieu, Texas was quickly extinguished and the facility is now stable, the midstream energy infrastructure company said in an email statement on Monday."All personnel are accounted for," the com...Reuters
Mon, Oct 6
Oneok Says Fire At Mont Belvieu, Texas, Facility Extinguished
Oct 6 (Reuters) - ONEOK INC OKE.N:SAYS WE ARE AWARE OF A FIRE AT OUR MONT BELVIEU, TEXAS, FACILITYSAYS THE FIRE WAS QUICKLY EXTINGUISHED, ALL PERSONNEL ARE ACCOUNTED FOR, AND THE FACILITY IS NOW STABILIZEDSAYS WILL CONDUCT A THOROUGH INVESTIGATION INTO THE CAUSE AND RESUME OPERATIONS WHEN IT IS SAFE...Reuters
Mon, Oct 6
Three injured in explosion at Oneok facility in Mont Belvieu, Texas, local media reports
Oct 6 (Reuters) - An explosion at Oneok's facility in Mont Belvieu, Texas on Monday morning left three people with minor injuries, local media reported.The report said that all staff at the plant have been accounted for, citing the Mont Belvieu Police Department.Reuters
Mon, Oct 6
Exxon Mobil forecasts rise in third-quarter upstream profit
Oct 6 (Reuters) - U.S. oil and gas major Exxon Mobil XOM.N signaled in a regulatory filing on Monday that changes in oil prices could boost its third-quarter upstream earnings up to $300 million compared with the previous three months.The industry bellwether had posted $5.4 billion in upstream earni...Reuters
Mon, Oct 6
Deals of the day-Mergers and acquisitions
October 6 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Monday:** Paramount Skydance PSKY.O CEO David Ellison has named Bari Weiss editor-in-chief of CBS News, the news division of U.S. broadcaster CBS, as part of a deal to acquire the online news s...Reuters
Mon, Oct 6
GRAINS-Soybean ease on US harvest pressure, competition from Brazil
Trade dispute has halted Chinese buyingUS expected to announce farmer support on Tuesday Harvest caps soy and corn prices, though shutdown disrupts dataBrisk Brazilian exports, early planting weigh on corn, soyBy Karl Plume CHICAGO, Oct 6 (Reuters) - U.S. soybean futures eased on Monday on active...Reuters
Mon, Oct 6
Mexico intercepts new screwworm case in northern border state
MEXICO CITY, Oct 6 (Reuters) - Mexican authorities have detected another case of the flesh-eating screwworm parasite in the northern border state of Nuevo Leon, the nation's agriculture ministry said on Monday.The screwworm larvae, which infest and can kill livestock if untreated, in the detecte...Reuters
Mon, Oct 6
ICE canola futures move little, following soy
WINNIPEG, Manitoba, Oct 6 (Reuters) - ICE canola futures edged higher on Monday amidst low volume and little direction. • November canola RSX5 settled up $2.50 at $607.50 per metric ton. January RSF6 settled up $2.30 at $620.40.• Many Canadian farmers have finished harvesting, with reports of better...Reuters
Mon, Oct 6
CBOT wheat ends weak on technical selling, winter crop planting progress
CHICAGO, Oct 6 (Reuters) - Chicago Board of Trade wheat futures eased on Monday in a technical pullback after three sessions of gains and as U.S. winter crop planting accelerated.CBOT December soft red winter wheat WZ25 settled 2-1/2 cents lower at $5.12-3/4 per bushel. The contract hit overhead tec...Reuters
Mon, Oct 6
Oil rises after OPEC+ hikes output less than expected
OPEC+ November supply hike stable from October at 137,000 bpdRefinery maintenance to limit oil demand in Q4, analysts sayWeak demand outlooks in Q4 to also cap near-term gainsBy Nicole Jao NEW YORK, Oct 6 (Reuters) - Oil prices gained about 1% on Monday after the OPEC+ production increase planned...Reuters
Mon, Oct 6
US natural gas prices rise 1% on strong LNG export demand
Pipeline constraints keep Waha Hub prices negativeAmple storage and mild weather forecast limit demandLower 48 states see drop in gas output, LSEG reportsBy Scott DiSavino Oct 6 (Reuters) - U.S. natural gas futures edged up about 1% on Monday on near-record flows to liquefied natural gas (LNG...Reuters
Mon, Oct 6
