News
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EXCLUSIVE-Valero buys Venezuelan oil cargo as part of Washington's deal with Caracas
By Georgina McCartney and Arathy SomasekharHOUSTON, Jan 21 (Reuters) - Valero VLO.N bought a cargo of Venezuelan crude oil, two sources said on Wednesday, the first deal by a U.S. Gulf Coast refiner struck as part of Washington's deal with Caracas to buy up to 50 million barrels of the South Ame...Reuters
Thu, Jan 22
Gold Price Forecast: XAU/USD slumps below $4,800 as Trump backs off European tariff threat
Gold price ( XAU/USD) trimmed gains to near $4,790 during the early Asian session on Thursday. The precious metal retreats from a record high of $4,888 after US President Donald Trump backs off the European tariff threat and announces a framework Greenland deal.
Fxstreet
Thu, Jan 22
RPT-India's Reliance to buy sanctions-compliant Russian oil in February and March, sources say
Reliance last received Russian oil in DecemberTo process Russian oil at its Indian market-focused refineryIndian refiners are turning to the Middle East to replace Russian oilBy Nidhi Verma NEW DELHI/MOSCOW, Jan 21 (Reuters) - India's Reliance Industries Ltd RELI.NS, operator of the world'...Reuters
Thu, Jan 22
RPT-EXCLUSIVE-Chevron plans to finalise Singapore oil assets sale in Q1, sources say
Singapore assets include refinery, Penjuru terminal and retail stationsDeal may include retail stations in Cambodia and MalaysiaAssets valued at $1 billion or more, sources sayENEOS and Glencore in final round of talks, sources say By Trixie Yap, Yantoultra Ngui and Chen Aizhu SINGAPORE, Jan 21 (...Reuters
Thu, Jan 22
US Plains HRW Wheat-Protein premiums climb, winter storm looms
CHICAGO, Jan 21 (Reuters) - Basis bids for hard red winter (HRW) wheat were unchanged at grain elevators in the southern U.S. Plains on Wednesday but protein premiums for railcar wheat to or through Kansas City were mostly firmer, reflecting demand from domestic flour mills.Premiums rose by 3 to 10 ...Reuters
Wed, Jan 21
Australia's Santos forecasts higher production for fiscal 2026
Jan 22 (Reuters) - Australian oil and gas producer Santos STO.AX forecast higher production for fiscal year 2026 on Thursday, as it ramps up production at its Barossa LNG project and starts producing oil from its Pikka project.The country's second-largest independent gas producer expects 2026 ou...Reuters
Wed, Jan 21
US House votes to overturn Minnesota mining ban, Senate to consider next
Antofagasta wants to develop a copper, nickel and cobalt project in areaBiden had blocked mining in the minerals-rich Superior National ForestConservationists have pushed back on overturning the banBy Ernest Scheyder Jan 21 (Reuters) - The U.S. House of Representatives on Wednesday voted to overt...Reuters
Wed, Jan 21
US to offer states deals to host nuclear waste, source says
Incentives for nuclear power in exchange for hosting waste sitesStates would enter dialogue with Energy DepartmentEnergy Department likely to invite interest from states this weekEnergy Department: no decisions have been made "at this time"By Timothy Gardner WASHINGTON, Jan 21 (Reuters) -...Reuters
Wed, Jan 21
CIF/FOB Gulf Grain-Soybean basis firm as cold, low water slows barge movement
CHICAGO, Jan 21 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were mostly firmer on Wednesday on good spot demand from exporters and worries about shipping delays on Midwest rivers, traders said.Barge freight rates were steady to higher on Wednesday as low water o...Reuters
Wed, Jan 21
LIVESTOCK-CME cattle futures climb on technical trading, rising wholesale prices
By P.J. Huffstutter CHICAGO, Jan 21 (Reuters) - Cattle futures on the Chicago Mercantile Exchange rose for a second session on Wednesday in technical trading, as wholesale beef prices firmed, traders said.The U.S. Department of Agriculture quoted the choice boxed beef cutout value at $366.18 per ...Reuters
Wed, Jan 21
US Cash Crude-Grades largely ease in volatile trading period
HOUSTON, Jan 21 (Reuters) - Grades largely eased on Wednesday, dealers said, on the second 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 futures contrac...Reuters
Wed, Jan 21
Venture Global wins arbitration case brought by Spain's Repsol
Jan 21 (Reuters) - Venture Global VG.N said on Wednesday an arbitration tribunal had ruled in its favour in a dispute with Spain's Repsol REP.MC over liquefied natural gas sales from its Calcasieu Pass project under a long-term supply contract.Reuters
Wed, Jan 21
Venture Global Says ICC Issues Final Award In Arbitration Between VGCP And Repsol
Jan 21 (Reuters) - Venture Global Inc VG.N:VENTURE GLOBAL INC - ICC ISSUES FINAL AWARD IN ARBITRATION BETWEEN VGCP AND REPSOL - SEC FILINGVENTURE GLOBAL INC - TRIBUNAL DENIES REPSOL CLAIMS, AWARDS FEES TO VGCP - SEC FILINGSource text: [ID:n0002007855-26-000004]Reuters
Wed, Jan 21
Marathon's 255,000 bpd refinery in Robinson, Illinois to undergo planned maintenance in March, source says
By Nicole JaoNEW YORK, Jan 21 (Reuters) - Marathon MPC.N will begin planned turnaround activities on units at its 255,000-barrel-per-day refinery in Robinson, Illinois in March, a source familiar with plant operations said on Wednesday.The maintenance project, which includes adding a crude processin...Reuters
Wed, Jan 21
Cpkc Investing Us$800 Million In American Manufacturing With Tier 4 Locomotives
Jan 21 (Reuters) - Canadian Pacific Kansas City Ltd CP.TO:CPKC INVESTING US$800 MILLION IN AMERICAN MANUFACTURING WITH TIER 4 LOCOMOTIVESCANADIAN PACIFIC KANSAS CITY - CPKC TO ADD 30 TIER 4 LOCOMOTIVES FROM PROGRESS RAIL IN 2026 IN INDIANACANADIAN PACIFIC KANSAS CITY - CO EXPECTS DELIVERY OF 70 TEXA...Reuters
Wed, Jan 21
Marathon's 255,000 bpd refinery in Robinson, Illinois to undergo planned maintenance in March, source says
NEW YORK, Jan 21 (Reuters) - Marathon MPC.N will begin planned maintenance activities on units at its 255,000-barrel-per-day refinery in Robinson, Illinois in March, a source familiar with plant operations said on Wednesday.The maintenance work is expected to last about two months, the source said.M...Reuters
Wed, Jan 21
US refineries brace for disruptions as Arctic blast hits
By Nicole Jao NEW YORK, Jan 21 (Reuters) - U.S. refineries are preparing for extreme cold weather as an unexpected Arctic blast rolls in, threatening to disrupt operations.A cold front will bring frigid temperatures to the eastern two-thirds of the country, the National Weather Service said on We...Reuters
Wed, Jan 21
US to offer states deals to host nuclear waste, source says
Incentives for nuclear power in exchange for hosting waste sitesStates would enter dialogue with Energy DepartmentEnergy Department likely to invite interest from states this weekBy Timothy Gardner WASHINGTON, Jan 21 (Reuters) - The U.S. Department of Energy will seek interest from U.S. states as...Reuters
Wed, Jan 21
