News
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US Cash Crude-Grades rise on firmer refinery demand, wide WTI/Brent spread
HOUSTON, Jan 16 (Reuters) - Grades broadly rose on Friday, dealers said, as domestic refinery demand was set to grow and the WTI/Brent spread widened. U.S. oil refiners are expected to have about 724,000 barrels per day of capacity offline in the week ending January 16, decreasing available refining...Reuters
Fri, Jan 16
US, Slovakia sign civil nuclear power agreement
WASHINGTON, Jan 16 (Reuters) - The United States signed an agreement with Slovakia on Friday to advance cooperation on the central European country's nuclear energy program, a plan they said would help reduce its reliance on Russian-designed reactors. The agreement includes the development of a ...Reuters
Fri, Jan 16
US grid operator PJM issues cold weather advisory
Jan 16 (Reuters) - PJM Interconnection, the largest U.S. power grid operator, issued a cold‑weather advisory for its western region for Monday and another for its entire footprint, spanning 13 states and Washington, D.C., for Tuesday.The measure is intended to ensure generators have time to ready th...Reuters
Fri, Jan 16
CIF/FOB Gulf Grain-Soybean basis bids firm on export demand; nearby corn basis bids ease
CHICAGO, Jan 16 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were higher on Friday on good exporter demand after solid export sales to China this week, while nearby corn basis bids eased, traders said.Renewed export demand also has provided grain and oilseed mark...Reuters
Fri, Jan 16
US not currently considering using Venezuelan oil in exchange to fill strategic reserve, Energy Department says
US seeks to exchange Venezuelan oil for refilling SPR, two sources sayEnergy Department says it is not currently considering using Venezuelan oil to refill SPRSPR currently holds about 414 million barrels, about 60% of total capacityBy Arathy Somasekhar and Jonathan Saul HOUSTON/LONDON, Jan 16 (R...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 1.1% 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 lifted wheat futu...Reuters
Fri, Jan 16
CBOT soybeans end higher on corn strength; brisk US crush pace
CHICAGO, Jan 16 (Reuters) - Chicago Board of Trade soybean futures closed higher on Friday on spillover strength from corn and wheat as well as reminders this week of a robust U.S. soy crushing pace, traders said.CBOT March soybeans SH26 settled up 4-3/4 cents, or 0.45%, at $10.57-3/4 per bushel. CB...Reuters
Fri, Jan 16
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
