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China's Unipec suspends imports of U.S. oil 01:17

China's Unipec, the trading arm of state oil major Sinopec, has suspended imports of crude oil from the United States due to a growing trade spat between Washington and Beijing, three sources familiar with the situation said on Friday. Ed Giles reports.

Floods shut nearly a sixth of U.S. ethanol production

Massive flooding in the U.S. Midwest has knocked out roughly 13 percent of the country’s ethanol production capacity, as plants in Nebraska, Iowa and South Dakota have been forced to shut down or scale back production following the devastation.

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