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Marathon Galveston Bay Refinery in Texas to complete hydrotreater repairs in October, sources say
HOUSTON, Sept 22 (Reuters) - Marathon Petroleum MPC.N plans to complete repairs by mid-October on a fire-damaged hydrotreater at its 631,000 barrel-per-day (bpd) Galveston Bay Refinery in Texas, people familiar with plant operations said. Marathon spokesperson Jamal Kheiry declined to comment on ope...Reuters
8 minutes ago
Hong Kong braces for Super Typhoon Ragasa; schools, businesses shut
Hong Kong braces for Typhoon Ragasa, schools and businesses shutRagasa disrupts 700 flights, Hong Kong Observatory warns of sea surgeMacau and Shenzhen prepare for impact, evacuations and shelters activated HONG KONG, Sept 23 (Reuters) - Hong Kong braced for Super Typhoon Ragasa on Tuesday, the w...Reuters
18 minutes ago
Congo will not 'auction' mineral resources to the US, president says
By Doyinsola OladipoNEW YORK, Sept 22 (Reuters) - Democratic Republic of Congo President Felix Tshisekedi said on Monday that a U.S.-mediated peace deal signed with Rwanda in June has not calmed fighting in eastern Congo, though he thanked President Donald Trump for attempting to end the conflict. O...Reuters
19 minutes ago
PRECIOUS-Gold hits record high as traders bet on US rate cuts, eye Powell's signal
Sept 23 (Reuters) - Gold prices climbed to a record high on Tuesday, supported by growing expectations of further U.S. rate cuts and a slightly weaker dollar, with investors awaiting Federal Reserve Chair Jerome Powell's speech for additional policy insights.FUNDAMENTALS* Spot gold XAU= was up 0...Reuters
31 minutes ago
Oil little changed as traders assess supply risks
By Anjana Anil Sept 23 (Reuters) - Oil prices were little changed on Tuesday as traders contemplated the impacts of ongoing geopolitical tensions in the Middle East and Russia, while worries over trade tariffs that could dampen fuel demand persisted.Brent crude futures LCoc1 were almost steady at...Reuters
an hour ago
Exxon Mobil begins production at new base stock facilities in Singapore
Sept 23 (Reuters) - Exxon Mobil Corp XOM.N has started production at new facilities at its Singapore oil refinery complex to produce base stocks from residue fuel, it said on Tuesday.The technology combines processes to convert fuel oil and other bottom-of-the-barrel crude products into higher-value...Reuters
an hour ago
USDA places team behind food insecurity survey on leave, WSJ reports
Sept 22 (Reuters) - The U.S. Department of Agriculture (USDA) has placed on leave a team of federal economists and researchers responsible for the government's main survey on food insecurity, the Wall Street Journal reported on Monday, citing the union that represents the workers.Reuters could n...Reuters
an hour ago
GRAINS-Soybeans drop for 5th session on China demand worries, Argentina competition
SINGAPORE, Sept 23 (Reuters) - Chicago soybeans lost more ground on Tuesday to trade at their lowest level in six weeks, weighed down by a lack of Chinese buying and expectation of increased competition from rival exporter Argentina.Wheat dropped to its weakest level since mid-August, while corn sli...Reuters
an hour ago
Gold Price Forecast: XAU/USD edges higher to near $3,750 on further Fed rate cut bets
The Gold price (XAU/USD) gains momentum to near an all-time high of around $3,750 during the early Asian session on Tuesday. Growing expectations of further US Federal Reserve (Fed) rate cuts and persistent safe-haven demand amid political uncertainty underpin the precious metal.
Fxstreet
2 hours ago
Thailand set for record plunge in annual power output, LNG imports
By Sudarshan Varadhan SINGAPORE, Sept 23 (Reuters) - Thailand is set for a record decline in electricity output this year as mild weather and a slowing economy are reducing demand, government data shows, putting Southeast Asia's top LNG importer on track for its steepest decline in purchases ...Reuters
2 hours ago
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Sept 23 (Reuters) - Contract Target Support/Resistance Brent oil (1st mth)$65.96/$65.60res $66.91/$67.33Palm oil (3rd mth)4,342/4,309 ringgitres 4,401/4,429 ringgitWTI* (1st mth)$61.91/$61.46res $62.72/$63.10Spot gold$3,772sup $3,739/$3,719/$...Reuters
2 hours ago
Brazil's MBRF appoints Gularte as global CEO of merged company
SAO PAULO, Sept 22 (Reuters) - MBRF, the newly formed food giant from the merger of pork and poultry processor BRF and beef producer Marfrig, has appointed Miguel Gularte as its global chief executive officer, the company disclosed on Monday. The combined entity is one of the biggest food producers ...Reuters
3 hours ago
US Plains HRW Wheat-Basis bids steady as futures ease
CHICAGO, Sept 22 (Reuters) - Basis bids for hard red winter wheat were flat in a spot check of grain elevators in the southern U.S. Plains on Monday as futures fell. Farmers continue to seed the winter wheat crop that will be harvested in 2026. The U.S. Department of Agriculture said that winter wh...Reuters
4 hours ago
US Cash Crude-Grades mixed as WTI/Brent spread stays wide, refinery demand slips
Sept 22 (Reuters) - U.S. crude grades were mixed, dealers said on Monday, as the spread between West Texas Intermediate crude (WTI) and global benchmark Brent futures remained wide, while domestic refinery demand was expected to slip. The spread between Brent and WTI traded at a discount as much...Reuters
5 hours ago
USDA says corn harvest 11% complete, soy 9%; ratings decline
By Julie IngwersenCHICAGO, Sept 22 (Reuters) - The U.S. corn harvest was 11% complete by Sunday and the soybean harvest was 9% finished, government data showed on Monday, behind most analysts' expectations but matching the five-year averages for both crops.The U.S. Department of Agriculture rate...Reuters
5 hours ago
LIVESTOCK-Cattle futures higher on screwworm news
By Heather Schlitz CHICAGO, Sept 22 (Reuters) - Chicago Mercantile Exchange live cattle futures closed higher on Monday after news that New World screwworm, a flesh-eating parasite, was detected 70 miles from the U.S.-Mexico border, analysts said.Analysts believed the news would mean the U.S.-Mex...Reuters
5 hours ago
CIF/FOB Gulf Grain-Corn basis bids steady-higher, soybeans steady-lower
CHICAGO, Sept 22 (Reuters) - Basis bids for corn shipped by barge to U.S. Gulf Coast export terminals were steady to higher on Monday, traders said, as higher barge freight rates kept a floor under crop basis levels.Soybean basis bids were steady in the spot market, but steady to lower for later mon...Reuters
5 hours ago
US natgas market to see record output this winter, NGSA says
Sept 22 (Reuters) - U.S. natural gas production is projected to reach record highs this winter, helping to meet both domestic consumption and rising liquefied natural gas export demand, according to the Natural Gas Supply Association’s 2025–2026 Winter Outlook. "This winter, the U.S. natural gas...Reuters
5 hours ago
ICE canola futures fall with soyoil
WINNIPEG, Manitoba, Sept 22 (Reuters) - ICE canola futures fell on Monday as Chicago soyoil weakened following an apparent lack of progress despite a telephone call between U.S. President Donald Trump and Chinese President Xi Jinping last week.• The phone call had raised hopes that Chinese purchases...Reuters
6 hours ago
