News
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Nigeria's Dangote refinery halts naira petrol sales over crude supply constraints
By Ben Ezeamalu LAGOS, Sept 27 (Reuters) - Nigeria's Dangote refinery has suspended domestic sales of petrol in the local naira currency, citing unsustainable volumes that exceeded its crude allocations, according to a company memo to customers seen by Reuters.The suspension, effective Septe...Reuters
Sat, Sep 27
Iraq resumes Kurdish oil exports to Turkey after 2-1/2-year halt
Flows start smoothly and rapidly, Iraq's oil ministry saysIraq's OPEC delegate says country can export more than its current quantityResumption allows 180,000-190,000 bpd of crude to flowBy Muayad Hameed and Maha El Dahan Sept 27 (Reuters) - Crude oil flowed on Saturday through a pipeline...Reuters
Sat, Sep 27
EXPLAINER-Why the Iraq-Turkey oil pipeline was halted for 2-1/2 years
By Maha El Dahan and Yousef Saba DUBAI, Sept 27 (Reuters) - Crude oil flows from Iraq's northern Kurdistan region to Turkey resumed on Saturday for the first time in two and a half years.Here are details about the dispute that halted the piped supply of some 450,000 barrels per day (bpd) in M...Reuters
Sat, Sep 27
Humberto strengthens into a Category 4 hurricane, US NHC says
Sept 26 (Reuters) - Humberto has strengthened to become a powerful Category 4 hurricane and is forecast to continue strengthening through the weekend, the U.S. Hurricane Center said on Friday.The hurricane was located about 390 miles (630 km) northeast of the northern Leeward islands, packing maximu...Reuters
Sat, Sep 27
USDA attache maintains China 2025/26 soybean imports at 106 million tons
Sept 26 (Reuters) - Following are selected highlights from a report issued on Friday by the U.S. Department of Agriculture's (USDA) Foreign Agricultural Service post in Beijing: "Post raises its forecast for marketing year 25/26 soybean production slightly to 19.9 million metric tons on...Reuters
Sat, Sep 27
US Plains HRW Wheat-Basis bids steady as futures dipped
CHICAGO, Sept 26 (Reuters) - Basis bids for hard red winter wheat were flat to lower in the U.S. Plains on Friday as futures ticked down. The U.S. Department of Agriculture on Tuesday is expected to report domestic wheat stocks rose to 2.043 billion bushels on September 1 from 1.992 billion a ye...Reuters
Fri, Sep 26
CIF/FOB Gulf Grain-Soybean, corn basis bids turn lower as harvest rolls on
CHICAGO, Sept 26 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast export terminals turned lower on Friday, as farmer selling has been sluggish and barge freight rates remained high, traders said.Midwest farmers did a flurry of selling off soybeans early this week, as ...Reuters
Fri, Sep 26
LIVESTOCK-CME hog futures hit contract highs on shock US herd decline
By Tom Polansek CHICAGO, Sept 26 (Reuters) - Lean hog futures stormed to contract highs at the Chicago Mercantile Exchange on Friday as smaller-than-expected U.S. inventory numbers stoked concerns about supplies, analysts said.The nation's inventory on September 1 was 74.5 million head, down ...Reuters
Fri, Sep 26
US Cash Crude-Grades Rise as WTI/Brent spread widens
Sept 26 (Reuters) - U.S. crude grades rose on Friday, 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 $4.47 a barrel...Reuters
Fri, Sep 26
US Cash Products-Gulf Coast gasoline rises ahead of pipeline cycle change
NEW YORK, Sept 26 (Reuters) - Cash differentials for gasoline rose in the U.S. Gulf Coast on Friday ahead of the end of trading for fuel deliveries on the Colonial Pipeline's 56th annual delivery cycle to New York Harbor, traders said.U.S. Gulf Coast M3 conventional gasoline RU-DIFF-USG gained h...Reuters
Fri, Sep 26
The Nuclear Company announces partnership with Nucor to boost US nuclear power supply
Sept 26 (Reuters) - The Nuclear Company said on Friday that it has signed a strategic agreement with U.S. steelmaker Nucor Corporation NUE.N to boost the country's nuclear power supply chain and support domestic manufacturing. TNC, a U.S. nuclear deployment company, said the companies will asses...Reuters
Fri, Sep 26
Potential tropical cyclone nine forms in Atlantic, NHC says
Sept 26 (Reuters) - Potential tropical cyclone nine formed in the Atlantic and is s expected to track across the central and northwestern Bahamas this weekend and approach the southeast U.S. coast early next week, the U.S. National Hurricane Center said. It was located about 200 miles (325 km) south...Reuters
Fri, Sep 26
Humberto rapidly strengthens to a major hurricane, US NHC says
Sept 26 (Reuters) - Humberto rapidly strengthened into a category 3 hurricane and is expected to intensify further over the Central Atlantic in the next couple of days, the U.S. Hurricane Center said on Friday. The hurricane was located about 430 miles (690 km) northeast of the northern Leeward Isla...Reuters
Fri, Sep 26
COP30 urged to link climate justice with reparations for historical crimes
By Catarina Demony Sept 26 (Reuters) - Hundreds of environmental and human rights groups have urged COP30, the global climate summit to be held in Brazil this November, to confront the historical roots of the climate crisis, and put reparations on the agenda.The letter argues that historical crim...Reuters
Fri, Sep 26
ICE canola futures end week and Friday down
WINNIPEG, Manitoba, Sept 26 (Reuters) - ICE canola futures gave back some of its mid-week gains on Friday, with little news to drive the market and soyoil leading the way, leaving canola down for the week.• November canola RSX5 settled down $5 at $614.60 per metric ton. January RSF6 settled down $5 ...Reuters
Fri, Sep 26
SOFTS-Arabica coffee extends rebound on falling stocks
NEW YORK, Sept 26 (Reuters) - Arabica coffee futures on ICE extended this week's rebound on Friday, boosted by declining exchange stocks, while cocoa prices slumped to two-month lows. COFFEE * Arabica coffee KCc2 settled up 7.45 cents, or 2.1%, at $3.589 per lb, posting a ...Reuters
Fri, Sep 26
Oil gains on Ukraine drone attacks cutting Russian supply
Ukraine attacks dent Russian refining capacitySome Russian regions face fuel shortagesIraq's Kurdistan to resume oil flows to TurkeyBrent and WTI benchmarks set for strong weekly gainsBy Erwin Seba HOUSTON, Sept 26 (Reuters) - Oil prices rose on Friday as Ukraine's drone attacks on Russia...Reuters
Fri, Sep 26
Med crude-Urals diffs stable, Turkey cuts imports of Russian crude in Sept
MOSCOW, Sept 26 (Reuters) - Urals crude differentials to dated Brent held steady for a second consecutive day on Friday, while Turkey's Russian oil imports fell to some 1.2 million metric tons in September, lowest since April.Imports of Russian oil to Turkey, Europe's largest buyer of fuel f...Reuters
Fri, Sep 26
GRAINS-Soy futures end up but notch weekly loss after China buys Argentina crops
Chinese purchases of Argentine soy loom over US marketUS farmers advance soybean and corn harvestsCBOT corn and wheat futures easeTraders await USDA grain stocks report next weekBy Tom Polansek CHICAGO, Sept 26 (Reuters) - Chicago Board of Trade soybean futures finished slightly higher on Friday ...Reuters
Fri, Sep 26
Lithium Argentina's Cauchari-Olaroz aims to triple production by 2029
By Lucila SigalBUENOS AIRES, Sept 26 (Reuters) - Lithium Argentina's Cauchari-Olaroz project in northern Argentina is aiming to produce 85,000 metric tons of the battery metal annually by around 2029, more than triple last year's output, said Executive Vice President Ignacio Celorrio.The sit...Reuters
Fri, Sep 26
