News
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JERA Nex BP to buy EnBW's stake in UK's Mona offshore wind project
Jan 16 (Reuters) - JERA Nex BP will buy its partner EnBW's EBKG.DE stake in the Mona offshore wind project and has signed a lease agreement for the British facility, it said on Friday. The move comes a day after German utility EnBW said it would take a 1.2 billion euro ($1.39 billion) impai...Reuters
Fri, Jan 16
Oil prices settle up as US begins holiday weekend
Benchmark prices hit multi-month highs this weekUnderlying balance still points to ample supply, says analystPotential new supply from Venezuela limits price gainsBy Erwin Seba HOUSTON, Jan 16 (Reuters) - Oil prices settled higher on Friday as some investors covered short positions ahead of t...Reuters
Fri, Jan 16
CBOT wheat ends higher on global export optimism, short-covering
CHICAGO, Jan 16 (Reuters) - Chicago Board of Trade wheat futures closed higher on Friday as strength in corn and signs of fresh export demand for ample global supplies appeared to spark a round of short-covering, traders said.CBOT March soft red winter wheat WH26 settled up 7-1/2 cents at $5.18 per ...Reuters
Fri, Jan 16
Limited US strikes on Iran could quickly erase $3–4/bbl geopolitical oil premium, Barclays says
Jan 16 (Reuters) - Outlining a base-case scenario, Barclays predicted any U.S. strikes would likely target limited objectives and draw only a token response from Iran, causing the current $3–$4 per barrel geopolitical risk premium in oil prices to fade quickly.However, the bank warned that more ambi...Reuters
Fri, Jan 16
CBOT corn ends higher on bargain-buying, paring steep weekly drop
CHICAGO, Jan 16 (Reuters) - Chicago Board of Trade corn futures rose more than 1% on Friday, paring some of this week's steep declines as exporters and domestic users stepped in to buy cash grain at discounted prices, analysts said.CBOT March corn CH26 settled up 4-1/2 cents at $4.24-3/4 per bus...Reuters
Fri, Jan 16
US natgas futures ease to 13-week low on small increase in output, lower demand forecast
Mitsubishi to acquire Aethon Energy's US shale assets for $7.53 billionWaha Hub prices remain negative due to pipeline constraintsUS LNG exports decline slightly from December's record highBy Scott DiSavino NEW YORK, Jan 16 (Reuters) - U.S. natural gas futures eased to a 13-week low o...Reuters
Fri, Jan 16
Canada, China slash EV, canola tariffs in reset of ties
Canada to allow Chinese EV imports at 6.1% tariff, Carney saysSays Canada expects China to lower canola tariffCanada welcomes further Chinese investmentTrump expresses support for dealBy Maria Cheng BEIJING, Jan 16 (Reuters) - Canada and China struck an initial trade deal on Friday that will sla...Reuters
Fri, Jan 16
White House seeks emergency power auction for largest US electric grid
Governors, Trump administration sign two-year price cap deal for future PJM power auctionsPJM grid covers 67 million people in 13 mid-Atlantic and inland statesRising power bills cause political backlash in PJM regionBy Jarrett Renshaw, Tim McLaughlin and Timothy GardnerWASHINGTON, Jan 16 (Reuters) ...Reuters
Fri, Jan 16
U.S. Court Grants Injunction For Coastal Virginia Offshore Wind Project To Resume Work
Jan 16 (Reuters) - Dominion Energy Inc D.N:U.S. DISTRICT COURT GRANTS PRELIMINARY INJUNCTION ALLOWING COASTAL VIRGINIA OFFSHORE WIND PROJECT TO RESUME WORKDOMINION ENERGY: CVOW WILL CONSIST OF 176 OFFSHORE WIND ENERGY TURBINES GENERATING A TOTAL OF 2.6-GIGAWATTSDOMINION ENERGY: CONTINUE SEEKING A D...Reuters
Fri, Jan 16
EXCLUSIVE-Shell, Mitsubishi exploring sale options for their stakes in LNG Canada, sources say
Shell sounding out buyer interest for up to 30% stake in LNG Canada, sources sayCost to buyer could be as much as $15 billion including all commitments, one source estimatesMitsubishi in early stages of exploring options for its 15% stake, sources sayLNG Canada Phase 1 operational since June; only m...Reuters
Fri, Jan 16
GRAINS-Corn, wheat climb on bargain-hunting, paring big weekly losses
By Julie Ingwersen CHICAGO, Jan 16 (Reuters) - U.S. corn futures rose more than 1% on Friday, paring some of this week's steep declines, as exporters and domestic users stepped in to buy cash-market grain at discounted prices, analysts said. Signs of export demand and short-covering...Reuters
Fri, Jan 16
Mercuria posts $1.3 billion in 2025 profit, Bloomberg News reports
Jan 16 (Reuters) - Swiss commodity trading group Mercuria posted a profit of $1.3 billion last year as it paid almost no tax, Bloomberg News reported on Friday. The company reported taxation of $1 million on its profit of $1.31 billion, an effective tax rate of 0.08%, Bloomberg reported, citing a co...Reuters
Fri, Jan 16
US judge allows Dominion offshore wind project to restart, another legal setback for Trump
By Blake Brittain and Nichola Groom NORFOLK, Virginia, Jan 16 (Reuters) - A federal judge on Friday cleared U.S. power company Dominion Energy D.N to resume work on its Virginia offshore wind project, the third legal blow this week to President Donald Trump's anti-offshore wind agenda.Judge J...Reuters
Fri, Jan 16
International oil companies push for quick reforms in Venezuela to give them control over oil exports
Oil firms seek modifications to existing law to facilitate exportsChanges would allow investment to start quicklyControl over exports would mean quick paymentBy Marianna ParragaHOUSTON, Jan 16 (Reuters) - Oil executives and lawyers for international oil companies are lobbying the U.S. and Venezuelan...Reuters
Fri, Jan 16
US drillers cut oil and gas rigs for second week in a row, Baker Hughes says
NEW YORK, Jan 16 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-December, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an ...Reuters
Fri, Jan 16
Elon Musk's X largely back up after outage affects thousands worldwide
Jan 16 (Reuters) - Elon Musk's X was mostly restored after an outage impacted tens of thousands of users globally on Friday, according to Downdetector.com.At the peak, there were more than 74,000 reports of issues with the social media platform in the United States around 10.14 a.m. ET, data fro...Reuters
Fri, Jan 16
Trump expresses support for Canada-China trade deal
WASHINGTON, Jan 16 (Reuters) - President Donald Trump on Friday expressed support for Canadian Prime Minister Mark Carney after he reached a preliminary trade deal with China that will slash tariffs on electric vehicles and canola."That's what he should be doing. It's a good thing for hi...Reuters
Fri, Jan 16
US drillers cut oil and gas rigs for second week in a row, Baker Hughes says
NEW YORK, Jan 16 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-December, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.Reuters
Fri, Jan 16
