News
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PRECIOUS-Gold poised for third weekly gain as markets look to Trump inauguration
Bullion up 0.5% for the week so farFocus on Trump's inauguration on Jan. 20Traders pricing in two Fed rate-cuts for the yearUpdates for market closeBy Daksh Grover and Anushree Mukherjee Jan 17 (Reuters) - Gold prices were pressured by an uptick in the U.S. dollar on Friday, but remained on track...Reuters
Fri, Jan 17
UPDATE 1-US natgas prices plunge 7% from 2-year high on milder late Jan weather forecasts
US utilities could pull record amounts of gas from storage in JanMeteorologists expect coldest weather over US holiday weekendCold expected to cut US gas output by freezing wellsUS LNG export feedgas on track to hit record highAdds closing pricesBy Scott DiSavino Jan 17 (Reuters) - U.S. natural g...Reuters
Fri, Jan 17
UPDATE 3-Vistra's battery storage facility goes up in flames, spurs evacuation orders
Adds comments from a press conference held by the County of Monterey in paragraphs 4 to 9Jan 17 (Reuters) - One of the world's largest battery storage facilities — Vistra Corp's VST.N 3000-megawatt in Moss Landing, south of San Francisco — continues to be on fire as of Friday, a day after it went up...Reuters
Fri, Jan 17
UPDATE 5-Severe cold forces Trump inauguration indoors, first time in 40 years
Swearing-in will take place on Monday inside the U.S. CapitolIndoor ceremony limits crowd size compared to outdoor eventTrump also moves presidential parade to indoor venueAdds security updates; predicted crowd sizes before event moved indoors; 2019 Obama inauguration temperatures, paragraphs 9-17By...Reuters
Fri, Jan 17
CBOT corn rises 2%, hits one-year high on Argentina weather
CHICAGO, Jan 17 (Reuters) - Chicago Board of Trade corn futures climbed 2% to a fresh one-year high on Friday ahead of a long holiday weekend, lifted by Argentine weather worries and cautious optimism about U.S.-China trade relations, traders said.CBOT March corn CH25 settled up 9-3/4 cents at $4.84...Reuters
Fri, Jan 17
BRIEF-Valero Houston, Texas Refinery Reports Maintenance Activities
Jan 17 (Reuters) - VALERO ENERGY CORP VLO.N:REPORTS MAINTENANCE ACTIVITIES AT ITS HOUSTON REFINERY, TEXAS MAY REQUIRE SAFETY FLARESOURCE: COMMUNITY ALERTREFINERY CAPACITY: 205,000 BARRELS PER DAY ((reuters.Briefs@thomsonreuters.com))Reuters
Fri, Jan 17
US court throws out Trump-era rule allowing LNG rail transport
By Nate Raymond Jan 17 (Reuters) - A federal appeals court on Friday threw out a rule the U.S. Department of Transportation had adopted during Republican President-elect Donald Trump's first term which allowed liquefied natural gas to be transported by train.A three-judge panel of the U.S. Court ...Reuters
Fri, Jan 17
Polar vortex set to envelop much of US in freezing temperatures
By Hannah Lang and Brendan O'Brien Jan 17 (Reuters) - A blast of Arctic air is set to cover much of the United States with temperatures below freezing starting on Friday and into next week, impacting millions of Americans in nearly all of the contiguous states. Temperatures will reach below 10 de...Reuters
Fri, Jan 17
ERCOT issues weather watch amid forecasted extreme cold
Jan 17 (Reuters) - The Electric Reliability Council of Texas (ERCOT) issued a weather watch for the period January 20-23 due to an anticipated extreme cold snap across its region, leading to increased electrical demand and potential for lower reserves.The watch comes in response to expected winter p...Reuters
Fri, Jan 17
Biden boosts loan for ioneer's Nevada lithium mine to nearly $1 billion
Loan increased due to inflation and bigger lithium depositRhyolite Ridge to produce 22,000 metric tons of lithium annuallyBiden administration confident U.S. lithium needs can be met by by 2030sBy Ernest Scheyder Jan 17 (Reuters) - The U.S. Department of Energy has finalized a $996 million loan f...Reuters
Fri, Jan 17
US clean energy tax subsidies to cost $825 billion over 10 years, CBO says
WASHINGTON, Jan 17 (Reuters) - U.S. clean energy tax subsidies under President Joe Biden's signature Inflation Reduction Act will boost U.S. budget deficits by $825 billion over the next 10 years, Congressional Budget Office director Philip Swagel said on Friday, far above the initial $270 billion 1...Reuters
Fri, Jan 17
CME precious metals stocks soar on Trump tariff threat
CME gold stocks at 23.62 million ounces, highest since Nov. 2022CME silver and platinum inventories also jumpU.S. tariff threat in focus with Trump's Monday inaugurationLondon vaults are busy preparing shipments to the U.S.By Polina Devitt and Ashitha ShivaprasadLONDON/BENGALURU, Jan 17 (Reuters) - ...Reuters
Fri, Jan 17
GRAINS-Corn, soy climb on US-China optimism, Argentina weather jitters
New throughout, updates prices, adds quotes and byline, changes dateline from previous PARIS/CANBERRABy Julie Ingwersen CHICAGO, Jan 17 (Reuters) - U.S. corn futures climbed 2% to a fresh one-year high on Friday and soybeans rose about 1.6% ahead of a long holiday weekend, lifted by Argentine...Reuters
Fri, Jan 17
US Plains HRW Wheat-Basis bids flat on an active day for farmer selling
CHICAGO, Jan 17 (Reuters) - Basis bids for hard red winter wheat were unchanged in a spot check of locations in the U.S. Plains on Friday with busy farmer selling, according to dealers. * Merchants said farmers continued to be engaged after a week of trade picking up steam as futures rose. * The Chi...Reuters
Fri, Jan 17
UPDATE 1-US drillers cut oil and gas rigs to lowest since Dec 2021, Baker Hughes says
Adds rig counts in basins and states in paragraphs 5-7By Scott DiSavino Jan 17 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest since December 2021, energy services firm Baker Hughes BKR.O said in its closely fol...Reuters
Fri, Jan 17
US Cash Grains-Corn and soy basis bids mostly unchanged
CHICAGO, Jan 17 (Reuters) - Spot basis bids for corn and soy were largely steady at elevators, river terminals, ethanol plants and other types of processors around the U.S. Midwest on Friday after a week of farmer sales picking up, a spot check showed. * Corn futures Cv1 hit fresh one-year hig...Reuters
Fri, Jan 17
UPDATE 1-Colonial Pipeline restarts main gasoline artery after fixing leak in Georgia
Adds details from statement, fuel distributor comment, backgroundBy Shariq Khan NEW YORK, Jan 17 (Reuters) - Colonial Pipeline restarted its main gasoline artery, which delivers fuel from the U.S. Gulf Coast to East Coast markets, on Friday after it was shut earlier this week due to a leak in Pau...Reuters
Fri, Jan 17
US drillers cut oil and gas rigs to lowest since December 2021, Baker Hughes says
By Scott DiSavino Jan 17 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row to the lowest since December 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an e...Reuters
Fri, Jan 17
UPDATE 1-Mozambique not looking to review terms of planned LNG projects, president says
President emphasises contracts not yet come into forceLNG projects crucial for Mozambique's economic stabilitySecurity in Cabo Delgado improving, aiding project resumptionUpdates with appointment of new energy minister in paragraph 7By Custodio Cossa and Manuel Mucari MAPUTO, Jan 17 (Reuters) - M...Reuters
Fri, Jan 17
