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Venezuela expects $1.4 billion investment in oil production sharing contracts, Rodriguez says
CARACAS, Jan 26 (Reuters) - Venezuela's interim President Delcy Rodriguez said on Monday the country expects about $1.4 billion in investment this year in projects under oil production sharing contracts promoted by the government, compared with some $900 million last year.Rodriguez spoke to oil ...Reuters
Mon, Jan 26
US revamps FAA aiming to improve safety oversight
By David Shepardson WASHINGTON, Jan 26 (Reuters) - The Trump administration said on Monday it is restructuring the Federal Aviation Administration and will create a new safety oversight office to consolidate functions across five different units.The move comes a day before the National Transporta...Reuters
Mon, Jan 26
Winter storm snarls US travel, forces mass flight cancellations
About 5,220 flights canceled, 6,500 delayed, FlightAware data showAmerican Airlines leads in flight disruptionsFAA warns of potential ground stops at major airportsAccuWeather estimates storm damage & economic loss at $105-$115 billionBy Shivansh Tiwary Jan 26 (Reuters) - A powerful winter st...Reuters
Mon, Jan 26
US Plains HRW Wheat-Basis flat; grain handlers assess weekend storm
CHICAGO, Jan 26 (Reuters) - Basis bids for hard red winter wheat were unchanged in the southern U.S. Plains on Monday and cash grain movement was at a standstill following a weekend storm that dumped up to a foot (30.5 centimeters) of snow in Oklahoma, grain dealers said.One Oklahoma merchandiser sa...Reuters
Mon, Jan 26
CIF/FOB Gulf Grain-Corn, soybean basis jump as ice build-up, cold weather slows river barge traffic
CHICAGO, Jan 26 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast export terminals turned higher on Monday, as harsh winter weather slowed grain movement and impeded navigation on Midwest rivers, traders said.Spot barge freight rates firmed by up to 25 points of tariff...Reuters
Mon, Jan 26
Exxonmobil Plan To Begin Operations On Multiple Carbon Capture And Storage (CCS) Projects In Texas And Louisiana - Website
Jan 26 (Reuters) - Exxon Mobil Corp XOM.N:EXXONMOBIL: PLAN TO BEGIN OPERATIONS ON MULTIPLE CARBON CAPTURE AND STORAGE (CCS) PROJECTS IN TEXAS AND LOUISIANA - WEBSITEEXXONMOBIL: TARGETING FINAL INVESTMENT DECISION ON OUR FIRST LOW CARBON DATA CENTER BY LATE THIS YEAREXXONMOBIL: SCHEDULED TO START CAP...Reuters
Mon, Jan 26
LIVESTOCK-CME cattle advance as brutal cold threatens US herds
By Tom Polansek CHICAGO, Jan 26 (Reuters) - Chicago Mercantile Exchange cattle futures jumped on Monday as bitterly cold weather was expected to slow weight gain in the decimated U.S. herd, analysts said, while hog futures stormed to contract highs.U.S. cattle inventories are tight after ranchers...Reuters
Mon, Jan 26
US energy sector reels after winter storm knocks out 2 million bpd of crude output
Permian Basin hit hardest by storm, with 1.5 million bpd estimated declineChevron reports issues in Permian as equipment freezes Power outages affect over 810,000 customers, PJM grid under strainBy Georgina McCartney and Arathy Somasekhar HOUSTON, Jan 26 (Reuters) - U.S. oil producers lost up to ...Reuters
Mon, Jan 26
Exxon begins commercial CCS project with CF industries in Louisiana
Jan 26 (Reuters) - Exxon Mobil XOM.N said on Monday it has begun its commercial operation of carbon capture and storage, or CCS, with ammonia producer CF Industries CF.N in Louisiana, starting in 2025.The project will transport and store up to 2 million tonnes a year (MTPA) of carbon dioxide from CF...Reuters
Mon, Jan 26
Judge tosses Trump DOJ's lawsuit seeking to block Michigan climate case
By Nate Raymond Jan 26 (Reuters) - A federal judge has dismissed a lawsuit President Donald Trump's administration had filed that sought to block the state of Michigan from suing major oil companies in an attempt to hold them responsible for the harms of climate change.U.S. District Judge Jan...Reuters
Mon, Jan 26
Calumet Shreveport refinery operations hit by winter storm, IIR Energy says
By Nicole JaoNEW YORK, Jan 26 (Reuters) - Calumet Specialty Products' Shreveport, Louisiana refinery, with a capacity of 60,000 barrels per day, suffered from winter storm-related issues, IIR Energy said on Monday.The Shreveport refinery was forced to halt operations on Saturday after suffering ...Reuters
Mon, Jan 26
Trump says he is raising tariffs on certain South Korean imports to 25%
WASHINGTON, Jan 26 (Reuters) - President Donald Trump said on Monday he was increasing tariffs on South Korean imports into the United States related to autos, lumber and pharmaceuticals to 25% while accusing the ally's legislature of "not living up" to its trade deal with Washington....Reuters
Mon, Jan 26
US Cash Crude-Grades mixed as storm drives domestic crude production, refinery demand down
HOUSTON, Jan 26 (Reuters) - Grades were mixed on Monday, dealers said, as investors weighed a drop in production alongside a decline in refinery demand after winter storms hit the U.S. energy sector over the weekend. U.S. oil production outages peaked on Saturday at 2 million barrels per day, or up ...Reuters
Mon, Jan 26
Avista Selects Projects for New Energy and Capacity Resources along with Demand Response
Jan 26 (Reuters) - Avista Corp AVA.N:AVISTA CORP - TO BEGIN CONTRACT NEGOTIATIONS FOR UPGRADING GAS TURBINES IN IDAHO ADDING 14 MW CAPACITYAVISTA CORP - TO BEGIN CONTRACT NEGOTIATIONS FOR 100 MW BATTERY STORAGE SYSTEM PROJECT IN WASHINGTON BY 2028AVISTA CORP - TO BEGIN CONTRACT NEGOTIATIONS FOR AGRE...Reuters
Mon, Jan 26
Cenovus' 172,000-bpd refinery in Lima, Ohio, suffers storm-related mechanical issues, IIR says
By Nicole JaoNEW YORK, Jan 26 (Reuters) - Cenovus Energy's CVE.TO 172,000-barrel-per-day Lima, Ohio, refinery experienced mechanical issues caused by a major winter storm that hit much of the United States over the weekend, industry monitor IIR Energy said on Monday.The refinery experienced mech...Reuters
Mon, Jan 26
Trading houses to begin exporting Venezuelan LPG, sources and document say
HOUSTON, Jan 26 (Reuters) - Trading houses have begun making preparations to load and export Venezuelan liquefied petroleum gas (LPG) as part of a 50-million-barrel oil supply deal between Caracas and Washington, according to two sources and a shipping document seen by Reuters on Monday.Traders Vito...Reuters
Mon, Jan 26
CBOT soybeans drop from four-week high as traders take profits
CHICAGO, Jan 26 (Reuters) - Profit-taking dragged down Chicago Board of Trade soybean futures on Monday after the market reached a four-week high, traders said.Traders kept an eye on crops in South America, as consultancy AgRural raised its estimates for the Brazil's 2025/26 harvest.In Argentina...Reuters
Mon, Jan 26
CBOT corn falls from two-week high on profit-taking
CHICAGO, Jan 26 (Reuters) - Chicago Board of Trade corn futures declined from a two-week high on profit-taking on Monday, traders said.March corn CH26 closed down 2-1/4 cents at $4.28-1/4 per bushel.The contract earlier reached its highest level since the U.S. Department of Agriculture issued larger...Reuters
Mon, Jan 26
CBOT wheat pulls back from six-week high as US weather worries ease
CHICAGO, Jan 26 (Reuters) - Chicago Board of Trade wheat futures backpedaled from a six-week high on Monday as concerns eased about potential crop damage due to brutally cold weather in the U.S. and Russia, analysts said.Snow that blanketed farm fields during a U.S. winter storm over the weekend pro...Reuters
Mon, Jan 26
US natgas futures soar 119% over five days as freezing wells cut output to two-year low, short covering
Gas output drops to two-year low due to freezing wellsLNG feedgas falls to one-year low during ice stormCash market sees multi-year high prices at major gas and power hubsBy Scott DiSavino NEW YORK, Jan 26 (Reuters) - U.S. natural gas futures soared by a record 119% over five days to a three-...Reuters
Mon, Jan 26
