News
Important Only
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
US airlines issue travel waivers as Winter Storm Fern threatens widespread disruptions
By Rajesh Kumar Singh and Doyinsola OladipoNEW YORK, Jan 22 (Reuters) - U.S. airlines have rolled out sweeping travel waivers as Winter Storm Fern, forecast to spread heavy snow, sleet and dangerous ice across two dozen states, threatened to disrupt air travel across a wide swath of the country head...Reuters
Thu, Jan 22
Gold hits record above $4,900 as rally extends despite risk-on mood
Gold (XAU/USD) surges for the fourth consecutive trading day on Thursday, hitting a fresh record high of $4,906, even as risk appetite improved and tensions between the US and Europe eased, following an agreement over Greenland. At the time of writing, XAU/USD trades at $4,903, up 1.60% in the day.
Fxstreet
Thu, Jan 22
Elon Musk's X back up after brief outage, Downdetector shows
Jan 22 (Reuters) - Social media platform X was back up after a brief outage for thousands of users globally on Thursday, according to Downdetector.com.At its peak, there were more than 20,200 reports of issues with X in the U.S., per Downdetector, before coming down to about 600 reports as of 12:27 ...Reuters
Thu, Jan 22
US gasoline stockpile hit near five-year high, EIA says
NEW YORK, Jan 22 (Reuters) - Gasoline inventories in the U.S. rose about 5.98 million barrels last week to 256.99 million barrels, the highest since February 2021, data from the Energy Information Administration showed on Wednesday.U.S. gasoline product supplied, a proxy for demand, fell 1.78 millio...Reuters
Thu, Jan 22
Rising copper prices help Freeport-McMoRan offset Grasberg production dip
Profit beats Wall Street's expectationsProduction dropped after Grasberg tragedy Grasberg expected to be 85% online later this yearOutlook below expectations; shares dip Jan 22 (Reuters) - Copper miner Freeport-McMoRan FCX.N reported a better-than-expected fourth-quarter profit on Thursday, a...Reuters
Thu, Jan 22
US crude, fuel stocks rose last week as demand slumped, EIA says
By Georgina McCartney and Liz HamptonHOUSTON/DENVER, Jan 22 (Reuters) - U.S. crude, gasoline and distillate inventories rose last week as both refinery and consumer demand slumped, the Energy Information Administration said on Thursday.Crude stocks rose by 3.6 million barrels to 426 million barrels ...Reuters
Thu, Jan 22
US allows China to purchase Venezuelan oil but not at 'undercut' prices of Maduro days-official
WASHINGTON, Jan 22 (Reuters) - The Trump administration is allowing China to purchase Venezuelan oil but not at "unfair, undercut" prices at which Venezuela sold the crude before the U.S. removed its leader Nicolas Maduro, an administration official said on Thursday. "Thanks to Preside...Reuters
Thu, Jan 22
EU wheat flat, torn between strong euro and spike in Chicago
PARIS/HAMBURG, Jan 22 (Reuters) - European wheat was mostly flat on Thursday, supported by a sharp rise on U.S. markets but capped by the euro strengthening against the dollar and competition from Argentine and Russian wheat in some key markets.Front-month March milling wheat BL2H6 on Paris-based Eu...Reuters
Thu, Jan 22
Finnish president aims to ready Arctic security plan by NATO July summit
Finnish president urges Europe to step up on defenceRow over Greenland has put NATO under major strainStubb says he expects European leaders to be unitedBy Dave Graham DAVOS, Switzerland, Jan 22 (Reuters) - Finnish President Alexander Stubb said on Thursday he wants a plan to bolster Arctic secur...Reuters
Thu, Jan 22
Europe Gasoline/Naphtha-Gasoline refining margins rise on lower stocks
LONDON, Jan 22 (Reuters) - Northwest European gasoline refinery profit margins rose by $1.21 to $10.53 a barrel on Thursday, supported by lower regional inventories. About 8,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window, as ExxonMobil, Glencore, TotalEnergies and Equino...Reuters
Thu, Jan 22
US crude, fuel stocks rose last week, EIA says
HOUSTON/DENVER, Jan 22 (Reuters) - U.S. crude, gasoline and distillate inventories rose last week, the Energy Information Administration said on Thursday.Crude stocks rose by 3.6 million barrels to 426 million barrels in the week ended January 16, the EIA said, compared with analysts' expectatio...Reuters
Thu, Jan 22
Kimmeridge to nominate Scott Sheffield to Coterra Energy board, source says
By David French and Pranav Mathur Jan 22 (Reuters) - Investment firm Kimmeridge is planning to nominate former Pioneer Natural Resources CEO Scott Sheffield to Coterra Energy's CTRA.N board, a source familiar with the matter said. One of the best-known activist investors in the oil ...Reuters
Thu, Jan 22
Largest US electric grid expects all-time record winter demand
By Tim McLaughlinJan 22 (Reuters) - Winter electricity demand on the largest U.S. power grid - the PJM Interconnection - is expected to set an all-time record next week as large swaths of the United States brace for an Arctic blast of cold weather.PJM's seven-day forecast on Thursday morning pre...Reuters
Thu, Jan 22
EXCLUSIVE-Trafigura makes first Venezuelan crude sale under supply deal, sources say
By Pietro Lombardi, Shariq Khan and Ahmad Ghaddar 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 set to take the s...Reuters
Thu, Jan 22
General Fusion to go public in US via $1 billion SPAC deal
By Dharna BafnaJan 22 (Reuters) - Nuclear energy startup General Fusion said on Thursday it will go public in the U.S. in a deal of about $1 billion with blank-check company Spring Valley Acquisition Corp. III, as demand grows for cleaner power.The deal includes $105 million from a committed, overs...Reuters
Thu, Jan 22
