News
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Oil prices mixed as US supply worries linger after winter storm
By Yuka Obayashi TOKYO, Jan 28 (Reuters) - Oil prices were mixed on Wednesday, with Brent down slightly but the U.S. contract edging higher as supply concerns grew after a winter storm disrupted crude output and halted Gulf Coast exports over the weekend.Brent crude futures LCOc1 fell 6 cents, or...Reuters
Wed, Jan 28
Valero reports flaring at Port Arthur, Texas, refinery - community notice
HOUSTON, Jan 27 (Reuters) - Valero Energy Corp VLO.N reported flaring on Tuesday at its 380,000 barrel-per-day (bpd) refinery in Port Arthur, Texas, in a notice posted on a community warning site for residents near the facility. Valero provided no other reason besides "operations require flaring...Reuters
Wed, Jan 28
Vale's iron ore output hits seven-year high in 2025, surpassing Rio Tinto's Pilbara
Brazil's Vale aims to regain iron ore crownStrong quarterly output spurs analysts to raise profit forecastsCopper and nickel output exceed projectionsBy Andre Romani and Roberto Samora SAO PAULO, Jan 27 (Reuters) - Brazilian miner Vale's VALE3.SA iron ore production rose to 336.1 million...Reuters
Wed, Jan 28
Gold Price Forecast: XAU/USD holds positive ground above $5,150 ahead of Fed rate decision
Gold price (XAU/USD) rises to near a fresh record high around $5,160 during the early Asian session on Wednesday. The precious metal extends its upside amid a weaker US Dollar (USD), ongoing geopolitical tensions and economic uncertainty.
Fxstreet
Wed, Jan 28
Oracle says outage at data center causes issues faced by US TikTok users
WASHINGTON, Jan 27 (Reuters) - Oracle ORCL.N said on Tuesday that issues faced by U.S. users of social media app TikTok are the result of a temporary weather-related power outage at an Oracle data center. "Over the weekend, an Oracle data center experienced a temporary weather-related power outa...Reuters
Wed, Jan 28
Motiva Texas refinery's large coker malfunctions on Monday - filing
HOUSTON, Jan 27 (Reuters) - The large coker at Motiva Enterprises' 640,500 barrel-per-day (bpd) refinery in Port Arthur, Texas, malfunctioned on Monday night, according to a notice filed with the Texas Commission on Environmental Quality (TCEQ). A wet gas compressor on the 110,000-bpd coker (DCU...Reuters
Wed, Jan 28
Mining giant Grupo Mexico's net profit doubles in fourth quarter on metals boom
MEXICO CITY, Jan 27 (Reuters) - Grupo Mexico GMEXICOB.MX, one of the world's largest copper producers, nearly doubled its fourth-quarter net profit on higher metals prices and stronger volumes, it said on Tuesday, more than offsetting weaker infrastructure results tied to suspended oil platforms...Reuters
Wed, Jan 28
EXCLUSIVE-US intelligence raises doubts about Venezuela leader's cooperation
By Erin Banco, Jonathan Landay and Matt SpetalnickNEW YORK, Jan 27 (Reuters) - U.S. intelligence reports have raised doubts about whether interim Venezuelan President Delcy Rodriguez will cooperate with the Trump administration by formally cutting ties with U.S. adversaries, four people familiar wit...Reuters
Tue, Jan 27
US Cash Grains-Soy basis steady to firmer as grain movement lags
CHICAGO, Jan 27 (Reuters) - Spot basis bids for soybeans were steady to firmer in the U.S. Midwest on Tuesday, reflecting demand from grain handlers as wintry weather continued to slow deliveries in some areas following a massive weekend storm and lackluster prices kept farmer selling to a minimum, ...Reuters
Tue, Jan 27
Mining giant Grupo Mexico's net profit doubles in fourth quarter
MEXICO CITY, Jan 27 (Reuters) - Mining and transportation conglomerate Grupo Mexico nearly doubled its fourth-quarter net profit compared to the same period in 2024, it reported on Tuesday, reaching $1.43 billion.Revenue for the group, a top copper producer, climbed 34% to $5.15 billion in the quart...Reuters
Tue, Jan 27
LIVESTOCK-Hog futures reach contract highs on weak dollar, fund buying
By Tom Polansek CHICAGO, Jan 27 (Reuters) - Lean hog futures reached contract highs on the Chicago Mercantile Exchange on Tuesday as the dollar sank near a four-year low, making U.S. commodities look attractive to importers.The hog market has climbed 19% since setting a seven-month low in Novembe...Reuters
Tue, Jan 27
US Cash Products-Gulf Coast gasoline falls ahead of Colonial cycle change
NEW YORK, Jan 27 (Reuters) - Cash differentials for gasoline fell in the U.S. Gulf Coast on Tuesday on the last day to trade for delivery of the fuel on the current pumping cycle of the Colonial Pipeline to New York Harbor, traders said.U.S. Gulf Coast M4 conventional gasoline RU-DIFF-USG fell a qua...Reuters
Tue, Jan 27
ADM to pay $40 million penalty to resolve US SEC charges, regulator says
WASHINGTON, Jan 27 (Reuters) - Grain trader Archer-Daniels-Midland Company ADM.N will pay a $40 million civil penalty after the U.S. Securities and Exchange Commission charged it and two of its former executives with inflating the performance of a key business segment, the regulator said on Tuesday.Reuters
Tue, Jan 27
CIF/FOB Gulf Grain-Soybean, corn barge basis bids turn higher on firm freight, weather woes
CHICAGO, Jan 27 (Reuters) - Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast export terminals continued to rise on Tuesday, as freight rates turned higher and weather impacts hampered navigation on Midwest rivers, traders said.Spot barge freight rates continued to jump, with rate...Reuters
Tue, Jan 27
US judge allows Massachusetts offshore wind project to resume construction, blocking Trump pause
Jan 27 (Reuters) - A federal judge on Tuesday allowed Vineyard Wind to resume work on its Massachusetts offshore wind project, which President Donald Trump's administration halted along with four other projects last month due to national security concerns.The ruling by U.S. District Judge Brian ...Reuters
Tue, Jan 27
Trump says he would sign a bill on year-round E15 gasoline blends
CLIVE, Iowa, Jan 27 (Reuters) - U.S. President Donald Trump on Tuesday said lawmakers were working on a deal to allow year-round sales of higher-ethanol E15 gasoline blends in the U.S. and he would sign a bill on it without delay."They're very close to getting it done," Trump told suppor...Reuters
Tue, Jan 27
EXCLUSIVE-US to issue general license lifting some sanctions on Venezuelan oil industry, sources say
Preparations mark a shift from previous plan to grant individual licenses to companiesVolume of individual requests has delayed progress on oil plansExports recovering as Vitol, Trafigura sell oil to US, others By Marianna Parraga and Jarrett Renshaw HOUSTON/WASHINGTON, Jan 27 (Reuters) - U.S. of...Reuters
Tue, Jan 27
US Plains HRW Wheat-Basis flat; grain movement slow after weekend storm
CHICAGO, Jan 27 (Reuters) - Basis bids for hard red winter wheat were unchanged in the southern U.S. Plains on Tuesday and grain movement remained slow as grain handlers, millers and producers continued to recover from a major weekend storm, merchandisers said.Up to a foot of snow (30.5 centimeters)...Reuters
Tue, Jan 27
