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Petrobras inks deal to supply Vale with fuel with renewable content

UPDATE 1-Petrobras inks deal to supply Vale with fuel with renewable content Rewrites throughout with Petrobras, Vale confirmation By Rodrigo Viga Gaier RIO DE JANEIRO, Oct 18 (Reuters) - Petrobras PETR4.SA has a greed to sell d iesel with renewable content to Vale VALE3.SA , t he two Brazilian giants said on Friday, in a deal that might also include the supply of other low-carbon fuels going forward.
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US Cash Grains-Soy, corn bids up as demand increases

US Cash Grains-Soy, corn bids up as demand increases CHICAGO, Oct 18 (Reuters) - Basis bids for corn were mixed and soy bids rose on Friday as export demand increased but farmers remained reluctant to sell, dealers said. * Soy basis bids increased at an Ohio elevator and two Midwestern processors. * Corn basis bids increased at two elevators, two river terminals and an ethanol plant.

US drillers cut oil and gas rigs for fourth time in five weeks - Baker Hughes

UPDATE 2-US drillers cut oil and gas rigs for fourth time in five weeks - Baker Hughes Adds oil and gas rig count details, background By Scott DiSavino Oct 18 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.

US drillers cut oil and gas rigs for fourth time in five weeks - Baker Hughes

US drillers cut oil and gas rigs for fourth time in five weeks - Baker Hughes By Scott DiSavino Oct 18 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the fourth time in five weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early indicator of future output, fell by one to 585 in the week to Oct.

EU wheat drops with Chicago as Russia supply worries ease

EU wheat drops with Chicago as Russia supply worries ease PARIS, Oct 18 (Reuters) - European wheat futures fell on Friday, pressured by a slide in Chicago and easing concerns about Russian supply, traders said. December wheat BL2Z4 on Paris-based Euronext settled 1.6% lower at 226.50 euros ($246.09) a metric ton, putting the contract down 1% over the week.

Centrus Energy jumps after uranium production contract

BUZZ-Centrus Energy jumps after uranium production contract Updates ** U.S.-based nuclear fuel supplier Centrus Energy's LEU.N shares rise 19.3% to $96.72 ** On Thursday, the U.S. Department of Energy (DOE) rolled out initial contracts to four companies including Centrus Energy, to produce new, more highly enriched uranium ** The contracts will last for up to 10 years and each awardee receives a minimum contract of $2 mln - U.S.

Cuba sees island-wide blackout after major power plant fails - energy ministry

Cuba sees island-wide blackout after major power plant fails - energy ministry HAVANA, Oct 18 (Reuters) - Cuba's electrical grid shut down on Friday after one of the island`s major power plants failed, plunging the entire country into a blackout, the ministry of energy and mines said. The island`s communist-run government earlier in the day shut down schools and non-essential industry and sent most government workers home in a bid to conserve energy.

Petrobras inks deal to supply Vale with fuel with renewable content, sources say

Petrobras inks deal to supply Vale with fuel with renewable content, sources say RIO DE JANEIRO, Oct 18 (Reuters) - Brazilian state-run oil company Petrobras PETR4.SA signed a deal on Friday to supply miner Vale VALE3.SA with fuel with renewable content, including diesel and marine fuel, two sources familiar with the matter told Reuters. The agreement will initially cover the supply of diesel with renewable content for the mining giant's trucks and locomotives on a test basis, said the sources,
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North Sea Crude-Ekofisk rises, WTI Midland steady

North Sea Crude-Ekofisk rises, WTI Midland steady LONDON, Oct 18 (Reuters) - North Sea Ekofisk crude differentials rose on Friday after a deal, while U.S. WTI Midland and other North Sea grades were steady. PLATTS WINDOW * Indications are on a free-on-board (FOB) basis unless marked as cost, insurance, and freight (CIF) or delivered at place (DAP).
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Europe Gasoline/Naphtha-Gasoline crack soften on slow demand

Europe Gasoline/Naphtha-Gasoline crack soften on slow demand LONDON, Oct 18 (Reuters) - Northwest European gasoline refining margins fell by about 90 cents to $10.18 a barrel on Friday as demand slowed and as supplies were set to rise as refineries return from maintenance. A total of 6,000 metric tons of Eurobob E5 barges traded in the Argus window on Wednesday, with BP buying from Trafigura and Musket.

Former US prisoner Alex Saab appointed Venezuela's industry minister

Former US prisoner Alex Saab appointed Venezuela's industry minister CARACAS, Oct 18 (Reuters) - Venezuela's President Nicolas Maduro said on Friday in a social media post that businessman Alex Saab has been appointed industry minister, replacing Pedro Tellechea. Saab, a close ally of Maduro, was freed in a prisoner exchange with the United States late last year, after being extradited to the U.S.

Gold miners rise as bullion edges past $2,700/oz mark

BUZZ-Gold miners rise as bullion edges past $2,700/oz mark Updates ** Shares of gold miners rise, as bullion s urged above the historic threshold of $2,700/ounce mark ** Spot gold XAU= up 0 .8% at $2,715 .50 /oz, powered by escalating tensions in the Middle East, uncertainties around U.S. elections and relaxed monetary policy expectations that push

EPNG Declares Force Majeure At Washington Ranch Storage Facility

BRIEF-EPNG Declares Force Majeure At Washington Ranch Storage Facility Oct 18 (Reuters) - KINDER MORGAN'S KMI.N EL PASO NATURAL GAS COMPANY, L.L.C (EPNG): EXPERIENCED A MECHANICAL FAILURE ASSOCIATED WITH ITS WASHINGTON RANCH STORAGE FACILITY UNIT #1, LOCATED IN EDDY COUNTY, NEW MEXICO

FTSE 100 dips but logs weekly gain on rate cut bets

UPDATE 1-FTSE 100 dips but logs weekly gain on rate cut bets FTSE 100 down 0.3%; FTSE 250 up 0.2% British retail sales up 0.3% for September Updated at 1558 GMT By Pranav Kashyap and Nikhil Sharma Oct 18 (Reuters) - The UK's FTSE 100 ended lower on Friday, weighed down by British American Tobacco following its settlement to end a tobacco lawsuit in Canada, but the blue-chip index logged weekly gains in anticipation of a UK rate cut next month.
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Russian grain exporters to sell directly to sovereign buyers

Russian grain exporters to sell directly to sovereign buyers MOSCOW, Oct 18 (Reuters) - Russian grain exporters will sell directly to sovereign buyers, while non-Russian winners of international tenders will receive Russian grain only if they have long-term off-take agreements with Russian firms, the Grain Exporters Union said on Friday. "By the decision of the union's board, deliveries will be made directly to government agencies and sovereign buyers," the union's head, Eduard Zernin, was quote

Cuba's power grid fails, plunging country into darkness

UPDATE 2-Cuba's power grid fails, plunging country into darkness Updates with power-grid failure, island-wide blackout Government closes schools, non-essential industry, and sends workers home Fuel shortages and deteriorating infrastructure blamed for crisis By Dave Sherwood, Marianna Parraga HAVANA/HOUSTON, Oct 18 (Reuters) - Cuba's national electrical grid shut down on Friday after one of the island's major power plants failed, Cuba's energy ministry said, plunging the entire country into a bl

W. Africa Crude-Nigerian grades finding buyers, Angolan offers awaited

W. Africa Crude-Nigerian grades finding buyers, Angolan offers awaited LONDON, Oct 18 (Reuters) - Nigerian crude cargoes were heard to be finding homes after a drop in differentials while price discussions had yet to begin for Angola's December cargoes. * "A lot has moved this week," a trader said of Nigeria's November cargoes, estimating that as few as 10 were still unsold.

Wall St fails to pick up China baton, gold hits all-time high

GLOBAL MARKETS-Wall St fails to pick up China baton, gold hits all-time high US stocks mixed, Dow weaker while Nasdaq, S&P 500 gain Crude prices drop on worries about weaker demand China stocks rally after policy steps to boost demand Gold hits record $2,700 Netflix, Procter & Gamble post results Updates to 10:52 EDT By Stephen Culp NEW YORK, Oct 18 (Reuters) - U.S.
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Tata Steel signs contract with Tenova for electric arc furnace at Port Talbot plant

Tata Steel signs contract with Tenova for electric arc furnace at Port Talbot plant Oct 18 (Reuters) - India's Tata Steel TISC.NS signed a contract with Italy-based Tenova on Friday for an electric arc furnace at its Port Talbot plant in Wales, weeks after Britain's biggest steelworks ended blast furnace-based production. The closure of the last blast furnace at Port Talbot, once the largest steel works in Europe, was the culmination of decades of decline in Britain's steel industry, which has s

Global uncertainties drive gold above unprecedented $2,700/oz milestone

PRECIOUS-Global uncertainties drive gold above unprecedented $2,700/oz milestone Hezbollah says it will escalate war with Israel Investors flock to safe-haven gold on Mid-East war concerns Bullion has risen over 30% so far this year Updates prices as of 1618 GMT By Anushree Mukherjee and Swati Verma Oct 18 (Reuters) - Gold surged above the historic threshold of $2,700-per-ounce on Friday, powered by escalating tensions in the Middle East, uncertainties around the U.S.
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