News
Important Only
Saudi Aramco says claims it is in talks with Ukrainian firms for drones inaccurate
By Yousef SabaMarch 12 (Reuters) - Saudi oil giant Aramco said on Thursday that claims it is in discussions with Ukrainian companies to buy interceptor drones are inaccurate, after a report said it was seeking them to defend its oilfields against aerial attacks.Iran has responded to the U.S.-Israeli...Reuters
Thu, Mar 12
REFILE-US Plains HRW Wheat-Basis bids steady-higher as farmer selling slows
CHICAGO, March 12 (Reuters) - Basis bids for hard red winter wheat were steady to stronger in the U.S. Plains on Thursday as farmer selling petered out, dealers said.Farmers are waiting for Kansas City July hard red winter wheat futures KWN26 to rise above $6.50 a bushel, as it had earlier in the we...Reuters
Thu, Mar 12
Busiest US seaport in Los Angeles largely insulated from Iran war disruptions, executive director says
Port of Los Angeles unaffected by Iran war shipping disruptionsFebruary port volume was the second-highest in port history First-quarter volume expected to decline on seasonal weakness, seasonal fashion could boost second quarterBy Lisa BaertleinLOS ANGELES, March 12 (Reuters) - The busiest U.S. con...Reuters
Thu, Mar 12
US shipping waiver and release of stockpiles will not ease pain at the pumps, analysts say
Jones Act waiver may ease regional fuel supply issuesOil stockpile release offers temporary relief, not a solutionStrait of Hormuz closure disrupts 20% of global oil flowBy Shariq Khan NEW YORK, March 12 (Reuters) - A potential waiver to U.S. shipping restrictions and a record release of oil stoc...Reuters
Thu, Mar 12
Saudi Aramco says claims it is in talks with Ukrainian firms for drones inaccurate
March 12 (Reuters) - Saudi oil giant Aramco said on Thursday that claims it is in discussions with Ukrainian companies to buy interceptor drones are inaccurate, after a report said it was seeking them to defend its oilfields against aerial attacks."Aramco is aware of recent media reports regardi...Reuters
Thu, Mar 12
Trump administration considers loosening US shipping rules to combat fuel price spike
US seeking to ease fuel, agriculture shipments Soaring prices pose political threat to Trump, RepublicansWaiver could be announced as early as Thursday, sources sayBy Jarrett RenshawWASHINGTON, March 12 (Reuters) - The Trump administration is considering waiving the century-old Jones Act for a limit...Reuters
Thu, Mar 12
US regulators clear construction of Rio Grande LNG trains 4, 5
By Curtis WilliamsHOUSTON, March 12 (Reuters) - Federal regulators on Thursday granted approval to LNG developer Next Decade to start construction of trains 4 and 5 at its Rio Grande export plant in Texas, according to a regulatory filing.The approval means Next Decade can start work on two addition...Reuters
Thu, Mar 12
Exchanges oppose potential US Treasury intervention in oil futures market
By Anirban Sen BOCA RATON, Florida, March 12 (Reuters) - The heads of a number of top exchanges, including CME Group CME.O and Toronto Stock Exchange parent TMX Group X.TO, oppose any potential intervention from the U.S. government involving the oil futures market, amid rising energy prices in th...Reuters
Thu, Mar 12
US Department of Energy to invest $1.9 billion for power grid upgrades
March 12 (Reuters) - The U.S. Department of Energy will invest about $1.9 billion to accelerate upgrades of power grids in the country, it said on Thursday.U.S. power consumption is set to rise sharply this year and the next, driven by rapid growth in AI and cryptocurrency data centers and increased...Reuters
Thu, Mar 12
USAF general says Boeing has to fix tanker problems before US orders more
By Dan Catchpole March 12 (Reuters) - Boeing BA.N has to fix ongoing problems with its KC-46 aerial refueling tanker before the United States orders more, U.S. Air Force Vice Chief of Staff Gen. John Lamontagne told lawmakers during a March 4 hearing.The general did not specify which problems cou...Reuters
Thu, Mar 12
Federal regulators give Next Decade approval to start construction of Trains 4 and 5 at Rio Grande LNG plant
HOUSTON, March 12 (Reuters) - Federal regulators on Thursday granted approval to Next Decade to start construction of trains 4 and 5 of its Rio Grande LNG export plant in Texas, according to a regulatory filing.Reuters
Thu, Mar 12
Oil settles up 9% as Iran vows to keep Strait of Hormuz closed
Iran supreme leader says Strait of Hormuz to remain closedIranian boats attacked two tankers in Iraqi watersIEA release of 400 million barrels may give limited reliefBy Siddharth Cavale NEW YORK, March 12 (Reuters) - Oil prices settled up about 9% on Thursday, at their highest in nearly four ...Reuters
Thu, Mar 12
GRAINS-Soybeans hit 21-month high on rising crude oil, corn and wheat also higher
Crude oil rise supports soybean, wheat, and corn pricesConcerns about high crop input costs support grainsIranian attacks heighten fears of prolonged conflictBy Karl Plume CHICAGO, March 12 (Reuters) - U.S. soybean futures climbed on Thursday to the highest point since mid-2024 on speculative and...Reuters
Thu, Mar 12
US natgas futures hit four-week high as Iran conflict drives global energy prices higher
EIA reports smaller-than-expected gas storage withdrawalWaha Hub prices negative for record 25 days due to pipeline constraintsUS gas demand forecast to rise next week amid cooler weatherBy Scott DiSavino NEW YORK, March 12 (Reuters) - U.S. natural gas futures edged up to a fresh four-week high o...Reuters
Thu, Mar 12
IAEA director discusses non-proliferation with head of Russia's Rosatom
MOSCOW, March 12 (Reuters) - The director general of the U.N. nuclear watchdog discussed non-proliferation issues on Thursday with the head of Rosatom, Russia's state nuclear energy corporation ahead of other meetings with officials, the company said.Emmanuel Grossi, head of the U.N.'s Inter...Reuters
Thu, Mar 12
CBOT wheat ends higher as crude oil rally stokes commodities buying
CHICAGO, March 12 (Reuters) - Chicago Board of Trade wheat futures rose for a second straight session on Thursday on fund and speculative buying tied to surging crude oil prices as the war in the Middle East continued to escalate, traders said.Wheat futures also firmed on signs of improved demand. W...Reuters
Thu, Mar 12
CBOT soybeans rally to 21-month peak on surging crude oil
CHICAGO, March 12 (Reuters) - Chicago Board of Trade soybean futures rallied to the highest level since May 2024 as crude oil extended gains as investors wrestled with disruptions caused by the U.S.-Israel war on Iran. Oil prices rose about 8% on Thursday as Iran stepped up attacks on oil and...Reuters
Thu, Mar 12
