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US generated fewer renewable blending credits in August, EPA says
NEW YORK, Sept 18 (Reuters) - The U.S. generated fewer renewable blending credits in August than July, data from the Environmental Protection Agency showed on Thursday.About 1.22 billion ethanol (D6) blending credits were generated in August, compared with about 1.26 billion in July, the data showed...Reuters
20 minutes ago
EU wheat holds gains on lower euro, firm Russian prices
PARIS, Sept 18 (Reuters) - European wheat futures ended flat on Thursday as a fall in the euro and more signs that Russian prices are steadying helped counter pressure from bumper global supply.December wheat BL2Z5 on Euronext settled unchanged on the day at 192.25 euros ($226.37) per metric ton. It...Reuters
41 minutes ago
US could see LNG oversupply in 2027-2029 period, EQT CEO says
By Arathy Somasekhar HOUSTON, Sept 18 (Reuters) - The U.S. could experience some oversupply of liquefied natural gas between 2027 and 2029, but supply will tighten in 2030, Toby Rice, the CEO of natural gas producer EQT Corp >, told Reuters on Thursday.Rice was speaking on the sidelines of...Reuters
41 minutes ago
Putin signals tax hikes to close Russia's budget gap
Putin says tax hike on wealthy possibleFinance Ministry unveils measure to ensure reserve replenishmentMinistry says the measure will boost resilience to sanctionsDraft budget to be submitted to parliament on September 29By Gleb Bryanski and Darya Korsunskaya MOSCOW, Sept 18 (Reuters) - Russian P...Reuters
44 minutes ago
EU looks to accelerate ban on Russian LNG in new sanctions package, official says
By Julia Payne BRUSSELS, Sept 18 (Reuters) - The European Commission is discussing a proposal to bring forward a ban on Russian liquefied natural gas in a new package of sanctions against Moscow over its invasion of Ukraine, an EU official said.The new push follows a call between European Commiss...Reuters
47 minutes ago
Europe Gasoline/Naphtha-Gasoline cracks inch up
LONDON, Sept 18 (Reuters) - Northwest European gasoline profit margins rose 27 cents to $20.23 a barrel on Thursday on low stocks and supply.A total of 5,500 metric tons of Eurobob E5 barges were traded, with Gunvor and Sahara selling to BP, Trafigura and Exxon.An additional 4,000 tons of E10 barges...Reuters
57 minutes ago
Marathon Reports Planned Flare Event At Carson, California Refinery
Sept 18 (Reuters) - MARATHON PETROLEUM CORPORATION MPC.N:REPORTS PLANNED FLARE EVENT FROM LATE SEPTEMBER TO EARLY OCTOBER AT CARSON, CALIFORNIA REFINERYSOURCE: SOUTH COAST AIR QUALITY MANAGEMENT DISTRICT FILINGCAPACITY: 365,000 BARRELS PER DAYReuters
57 minutes ago
METALS-Copper falls after Fed cuts rates, dollar rebounds
By Tom Daly Sept 18 (Reuters) - Copper prices fell on Thursday as traders booked profits following Wednesday's rate cut by the U.S. Federal Reserve, while the dollar rebounded after Fed Chair Jerome Powell ruled out more aggressive easing going forward. Benchmark three-month copper CMCU3...Reuters
an hour ago
Court hearing in Delaware for Citgo parent auction resumes
HOUSTON, Sept 18 (Reuters) - A four-day court hearing in Delaware to complete an auction of shares in the parent of Venezuela-owned Citgo Petroleum resumed on Thursday after a brief suspension to allow lawyers to review a decision in a separate New York case confirming the validity of defaulted Vene...Reuters
an hour ago
Microsoft boosts Wisconsin data center spending to $7 billion
Microsoft's second data center at site previously eyed for Foxconn's factoryFirst data center on track to open next yearData campus aims to house the world's most powerful AI supercomputerMicrosoft plans solar power to offset data center energy useNew fossil fuel power generation planned...Reuters
an hour ago
Top shipping players want overhaul of UN ship fuel emissions deal
Shipping companies express concerns over UN emissions dealUS opposes deal, threatens tariffs and restrictionsIMO confident in deal adoption despite some oppositionBy Jonathan Saul and Renee Maltezou LONDON/ATHENS, Sept 18 (Reuters) - A group of top shipping companies including leading Greek playe...Reuters
an hour ago
US LNG could see some oversupply between 2027 and 2029, EQT CEO says
By Arathy SomasekharHOUSTON, Sept 18 (Reuters) - U.S. LNG could see some oversupply between 2027 and 2029, but supply will tighten in 2030, said Toby Rice, Chief Executive Officer of natural gas producer EQT Corp EQT.N.Rice was speaking on the sidelines of a conference in Houston, and his comments c...Reuters
2 hours ago
EU looks to accelerate ban on Russian LNG in 19th package of sanctions, EU official says
BRUSSELS, Sept 18 (Reuters) - The European Commission is discussing a proposal to accelerate a ban on Russian liquefied natural gas in its 19th package of sanctions against Moscow over its invasion of Ukraine, an EU official said. The package is due to be presented to member states on Friday.Reuters
2 hours ago
PRECIOUS-Gold takes a breather as markets weigh Fed's policy stance
Fed delivered first rate cut since December Spot gold hits record peak of $3,707.40 on Wednesday Price pull back from record is corrective in nature, analyst saysGold exports from Switzerland to China soared in AugustBy Ashitha Shivaprasad Sept 18 (Reuters) - Gold prices fell on Thursday due to p...Reuters
2 hours ago
Oil prices little changed as traders weigh US rate cut with worries over US economy
US Fed cuts rates, signals further reductions amid economic concernsKuwait expects increased oil demand post-rate cut, especially from AsiaUS oil stockpiles fall, but distillate rise pressures pricesBy Scott DiSavino NEW YORK, Sept 18 (Reuters) - Oil prices were little changed on Thursday as trad...Reuters
2 hours ago
US natgas prices drop 4% on big storage build
EIA reports largest weekly gas storage increase since JuneWaha Hub prices stay in negative territory due to pipeline work in TexasWarm weather forecast unlikely to boost gas demand significantlyTropical Storm on track to become hurricane, unlikely to hit USBy Scott DiSavino Sept 18 (Reuters) - U....Reuters
3 hours ago
SOFTS-Raw sugar hits 2-1/2-month low, arabica edges up
LONDON, Sept 18 (Reuters) - Raw sugar futures on ICE fell to a 2-1/2-month low on Thursday, weighed by ample supplies, while arabica coffee regained some ground after the prior session's steep losses. SUGAR* Raw sugar SBc1 fell 1.7% to 15.28 cents per lb by 1423 GMT after hittin...Reuters
3 hours ago
ARA oil product stocks fall nearly 4%, Insights Global data shows
LONDON, Sept 18 (Reuters) - Oil product stocks held independently in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell nearly 3.9% last week, data from Dutch consultancy Insights Global showed on Thursday.Gasoline stocks stood at 1.16 million metric tons, or 1.5% lower, the data sh...Reuters
3 hours ago
Diamond selling processes are outdated and hurting producers, trader says
GABORONE, Sept 18 (Reuters) - The sale of diamonds through tenders and auctions is opaque and inefficient and should be revamped for producers to earn more and to survive the current price slump, a leading gem trader said on Thursday. Oded Mansori, co-founder and managing partner of Belgian gem tra...Reuters
3 hours ago
Brazil's Conab forecasts 3.6% increase in soybean production for 2025/2026
By Isabel Teles and Ana ManoSAO PAULO, Sept 18 (Reuters) - Brazilian farmers are expected to increase the country's soybean output in the new season, producing nearly 178 million metric tons, Brazilian crop agency said on Thursday.In its first detailed forecast for the cycle now beginning, the a...Reuters
3 hours ago
