News
Important Only
US power grid faces stress test amid arctic chill, data center demand
By Tim McLaughlin and Scott DiSavinoJan 22 (Reuters) - The U.S. power grid faces an elevated risk of disruption over the next several days as an Arctic blast and reduced gas supplies test the sturdiness of electric infrastructure vulnerable to the around-the-clock demands of data centers.Beginning F...Reuters
Thu, Jan 22
US Cash Crude-Grades largely ease on last day of roll trade period
HOUSTON, Jan 22(Reuters) - Coastal crude grades largely eased on Wednesday, dealers said, on the final day of the volatile roll trading period. Traders use the three-day roll period to adjust their crude slates, square up positions and net out exposures following the expiration of the U.S. crude fut...Reuters
Thu, Jan 22
Deals of the day-Mergers and acquisitions
Jan 22 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 20:45 GMT on Thursday:Wacker Neuson WACGn.DE said that talks will not continue with South Korea's Doosan Bobcat 241560.KS to buy a majority stake in the German construction equipment maker. nL1N3YN14BOil ...Reuters
Thu, Jan 22
Marathon Galveston Bay refinery reports operation issue with FCCU
Jan 22 (Reuters) - Marathon Petroleum MPC.N reported on Thursday that a fluid catalytic cracking unit (FCCU) experienced operational issues at its 631,000‑barrel‑per‑day Galveston Bay refinery in Texas, according to a regulatory filing."The FCCU was de-pressured to the flare to minimize emission...Reuters
Thu, Jan 22
US cutting or revising nearly $84 billion in energy loans
WASHINGTON, Jan 22 (Reuters) - The Trump administration said on Thursday it is restructuring or eliminating nearly $84 billion in clean energy projects funded during the administration of former President Joe Biden. The move was the latest by President Donald Trump's administration to favor foss...Reuters
Thu, Jan 22
NY State Public Service Commission Reduces Con Edison’s Rate Request by Nearly 90 Percent
Jan 22 (Reuters) - NEW YORK STATE PUBLIC SERVICE COMMISSION:SAYS THE NEW YORK STATE PUBLIC SERVICE COMMISSION (COMMISSION) ADOPTED THE TERMS OF AN AGREEMENT FOR THREE-YEAR ELECTRIC AND GAS RATE PLANS FOR CONSOLIDATED EDISON COMPANY OF NEW YORK, INC. (CON EDISON) THAT WAS EITHER SIGNED OR NOT OPPOSED...Reuters
Thu, Jan 22
US airlines issue travel waivers as winter storm threatens widespread disruptions
Winter storm to cause flight delays and cancellations across USMajor airlines offer flexible rebooking options amid stormTravelers advised to monitor flight status and use apps for rebookingDelta cancels select flights in five states By Rajesh Kumar Singh and Doyinsola OladipoNEW YORK, Jan 22 (Reute...Reuters
Thu, Jan 22
CBOT wheat settles up on a falling dollar, weather worries
CHICAGO, Jan 22 (Reuters) - Chicago Board of Trade wheat futures closed higher on a weaker U.S. dollar on Thursday, as well as weather concerns in growing regions. CBOT March soft red winter wheat WH26 settled up 7-3/4 cents at $5.15-1/2 per bushel.K.C. March hard red winter wheat KWH26 ended up 6 ...Reuters
Thu, Jan 22
US natgas futures soar 63% over three days as frigid weather boosts heating demand, freezes wells
Extreme cold boosts heating demand, cuts output by freezing wellsGas output drops to three-month low due to freeze-offsMarket ignoring smaller-than-usual storage withdrawalBy Scott DiSavino NEW YORK, Jan 22 (Reuters) - U.S. natural gas futures soared by a record 63% over three days to a six-week ...Reuters
Thu, Jan 22
US Congress to create ethanol task force after E15 deal falls through
WASHINGTON, Jan 22 (Reuters) - Republican U.S. lawmakers plan to create a task force to study potential year-round sales of higher-ethanol E15 gasoline blends in the U.S., after an attempt to pass such legislation in a funding bill this week fell through.Farm groups and Midwest ethanol advocates bla...Reuters
Thu, Jan 22
CBOT corn edges up on weaker dollar, weather fears
CHICAGO, Jan 22 (Reuters) - Chicago Board of Trade corn futures ticked up on a falling U.S. dollar, as well as weather concerns in Argentina. CBOT March corn CH26 settled up 2-1/4 cents at $4.24 per bushel.Dry conditions were building in parts of Argentina's crop belt with warm temperatures expe...Reuters
Thu, Jan 22
CBOT soybeans tick down in seesaw trade
CHICAGO, Jan 22 (Reuters) - Chicago Board of Trade soybean futures chopped up and down on Thursday on technical buying and optimism that top soy importer China would continue purchasing supplies from the United States. CBOT March soybeans SH26 settled down 1/2 cent at $10.64 cents per bushel.CBOT Ma...Reuters
Thu, Jan 22
Venezuela's proposed oil reform to give autonomy to companies to operate, cash proceeds
Royalty rates would become flexible, can be lowered to 15%Independent arbitration to be added as dispute-solving mechanismProduction-sharing contracts to be formalized in law Jan 22 (Reuters) - A sweeping proposed reform of Venezuela's hydrocarbons law would allow foreign and local companies ...Reuters
Thu, Jan 22
In Davos debut, Musk says US tariffs make solar power a challenge
Musk expects Tesla's self-driving tech approval in Europe within weeksPredicts robots will outnumber humans, boosting economic growthMusk, previously critical of WEF as elitist, makes Davos debutBy Muvija M, Deborah Mary Sophia and Akash Sriram DAVOS, Switzerland, Jan 22 (Reuters) - Elon Musk...Reuters
Thu, Jan 22
BNSF warns winter storm will snarl rail traffic across central US corridors
Jan 22 (Reuters) - Berkshire Hathaway BRKa.N -owned BNSF Railway on Thursday said a winter storm will disrupt operations across major corridors, as heavy snow, high winds and extreme cold threaten train movement.The railroad warned customers moving freight through storm-affected regions to expect de...Reuters
Thu, Jan 22
US allows China to purchase Venezuelan oil but not at 'undercut' prices of Maduro days, official says
By Timothy Gardner WASHINGTON, Jan 22 (Reuters) - The Trump administration is allowing China to purchase Venezuelan oil but not at "unfair, undercut" prices at which Caracas sold the crude before the U.S. removed President Nicolas Maduro, a U.S. official said on Thursday. While the oil ...Reuters
Thu, Jan 22
EXCLUSIVE-Trafigura makes first Venezuelan crude sale under supply deal, sources say
By Pietro Lombardi, Shariq Khan, Ahmad Ghaddar and Robert Harvey Jan 22 (Reuters) - Trading house Trafigura has sold its first cargo of Venezuelan crude oil as part of a 50-million-barrel supply deal between Caracas and Washington, industry sources said on Thursday, with Spanish refiner Repsol se...Reuters
Thu, Jan 22
Vitol, Trafigura accelerate Venezuelan oil sales under US-backed $2 bln supply deal
Trafigura sells Venezuelan crude to Spanish refiner RepsolVitol prepares fuel oil sales, another sign that exports are acceleratingPDVSA needs brimming oil storage tanks drained to reverse output cutsBy Marianna Parraga and Shariq Khan HOUSTON, Jan 22 (Reuters) - Trading house Trafigura sold a ca...Reuters
Thu, Jan 22
BNSF Says Major Winter Storm Expected To Impact Much Of BNSF Network
Jan 22 (Reuters) - Berkshire Hathaway Inc BRKa.N:BNSF: MAJOR WINTER STORM EXPECTED TO IMPACT MUCH OF THE BNSF NETWORKBNSF: ADJUSTING TRAIN LENGTH & UTILIZING DISTRIBUTED POWER WHERE APPROPRIATE TO MAINTAIN CONSISTENT AIR PRESSURE THROUGHOUT TRAINFurther company coverage: [BRKa.N]Reuters
Thu, Jan 22
US Cash Grains-Soy, corn basis steady-firmer; winter storm looms
CHICAGO, Jan 22 (Reuters) - Spot basis bids for soybeans and corn were steady to stronger in the U.S. Midwest on Thursday, reflecting demand for grain from processors and elevators as farmer selling remained subdued, merchandisers said.A massive winter storm was forecast to clobber the central U.S. ...Reuters
Thu, Jan 22
