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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
Oil prices settle lower as traders assess impact of winter storm on production
US winter storm disrupts crude productionUS-Iran tensions add to market uncertaintyKazakhstan's Caspian Pipeline Consortium back at full capacityTengiz oilfield poised to resume output, Kazakh ministry saysBy Arathy Somasekhar HOUSTON, Jan 26 (Reuters) - Oil prices settled slightly lower on M...Reuters
Mon, Jan 26
Nvidia unveils AI models for faster, cheaper weather forecasts
By Stephen Nellis SAN FRANCISCO, Jan 26 (Reuters) - Nvidia NVDA.O on Monday released three open-source artificial intelligence models aimed at helping create better weather forecasts, faster.The models, which the AI chip firm announced at the American Meteorological Society’s annual meeting in Ho...Reuters
Mon, Jan 26
Calumet's 60,000 bpd refinery in Shreveport, Louisiana, experiences winter storm-related issues, IIR Energy says
NEW 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 said on Monday.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.Reuters
Mon, Jan 26
Jetblue Adds Flights In Select Markets For Rebooking Due To Winter Storm Fern
Jan 26 (Reuters) - JetBlue Airways Corp JBLU.O:JETBLUE AIRWAYS - DUE TO WINTER STORM FERN, WE HAVE ADDED ADDITIONAL FLIGHTS IN SELECT MARKETS TO HELP WITH REBOOKINGJETBLUE AIRWAYS: DUE TO LARGE NUMBER OF FLIGHT CHANGES & CANCELLATIONS, REBOOKING OPTIONS MAY BE LIMITED - WEBSITEReuters
Mon, Jan 26
Cenovus' 172,000 bpd refinery in Lima, Ohio experienced storm-related mechanical issues, IIR says
NEW YORK, Jan 26 (Reuters) - Cenovus Energy's CVE.TO Lima, Ohio refinery, with a capacity of 172,000 barrels per day, experienced mechanical issues brought about by the winter storm, IIR Energy said on Monday.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
Energy firms face up to $4 billion payout after losing Karachaganak arbitration, Bloomberg News reports
Jan 26 (Reuters) - An international consortium developing the Karachaganak field has lost an arbitration case brought by Kazakhstan's government, leaving them liable to pay as much as $4 billion in compensation, Bloomberg News reported on Monday, citing people familiar with the matter.The oil pr...Reuters
Mon, Jan 26
US shale production could fall by 400,000 barrels per day if prices dip to $40 a barrel, analyst says
US shale production may decline if oil prices drop to $40 per barrelOPEC's production levels crucial for US shale stability, Rystad saysChina's potential oil purchases could raise prices to $70 per barrelBy Curtis Williams PORT OF SPAIN, Jan 26 (Reuters) - U.S. shale production could fall...Reuters
Mon, Jan 26
Trump administration takes first step toward offering new offshore oil drilling leases in California
Jan 26 (Reuters) - The Trump administration on Monday invited the oil and gas industry to nominate areas for a potential sale of offshore oil and gas leases in Southern and Central California to be held as soon as next year.WHY IT'S IMPORTANTThe move is part of a push by U.S. President Donald Tr...Reuters
Mon, Jan 26
Gold crushes $5,000 as geopolitics, US Dollar rout fuel rally
Gold (XAU/USD) surges over 2% on Monday, clearing the $5,000 milestone and extending its gains towards $5,100 amid renewed geopolitical tensions and central banks continuing to buy the yellow metal as a diversification of reserves.
Fxstreet
Mon, Jan 26
REFILE-EU wheat falls as fears of winter weather damage to US and Russian crops fade
PARIS/HAMBURG, Jan 26 (Reuters) - Euronext wheat fell on Monday as concerns over cold damage to U.S. and Russian crops subsided while a stronger euro added to export challenges for western Europe. March milling wheat BL2H6, the most active position on Euronext's Paris-based futures, was down...Reuters
Mon, Jan 26
European nations reinforce wind power commitment with 100 GW pledge
European countries pledge 100 GW offshore wind power at Hamburg summitCommitment part of 300 GW goal by 2050 after Russia-Ukraine conflictWindEurope pledges cost cuts, creation of 91,000 jobs, 1 trillion euros of economic activityBy Andreas Rinke, Holger Hansen and William James HAMBURG/BERLIN/LO...Reuters
Mon, Jan 26
Delek's Big Spring, Texas refinery reports emissions due to equipment faults amid cold weather
Jan 26 (Reuters) - Delek's DK.N Big Spring, Texas refinery, with a capacity of 73,000 barrels per day, reported emissions caused by process equipment faults due to extreme low ambient temperatures, the company told the Texas Commission on Environmental Quality on Monday.The incident, which led t...Reuters
Mon, Jan 26
US Cash Grains-Corn, soy basis mixed as weather slows transportation
CHICAGO, Jan 26 (Reuters) - Spot basis bids for corn and soybeans were steady to mixed in the U.S. Midwest on Monday as frigid temperature descended across the Farm Belt following a weekend storm, slowing the movement of grain, especially by rail and barge, merchandisers said.Minimum temperatures fe...Reuters
Mon, Jan 26
Baker Hughes sees significant revenue opportunity in Venezuela
Baker Hughes evaluates safety and regulatory conditions in VenezuelaModerate production increases need substantial investment, Simonelli saysRival companies SLB and Halliburton eye Venezuela re-entryBy Arathy Somasekhar and Sumit Saha HOUSTON, Jan 26 (Reuters) - Oilfield services company Baker Hu...Reuters
Mon, Jan 26
EU wheat falls as fears of winter weather damage to US and Russian crops fade
PARIS/HAMBURG, Jan 26 (Reuters) - Euronext wheat fell on Monday as concerns over cold damage to U.S. and Russian crops subsided while a stronger euro added to export challenges for western Europe. March milling wheat BL2H6, the most active position on Euronext's Paris-based futures, closed down ...Reuters
Mon, Jan 26
Europe Gasoline/Naphtha-Gasoline refining margins hold steady
LONDON, Jan 26 (Reuters) - Northwest European gasoline refinery profit margins were little changed on Monday at $8.18 a barrel.About 12,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window, as ExxonMobil, Equinor and Glencore sold to BP and Aramco.Another 4,000 tons of Eurobob...Reuters
Mon, Jan 26
