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RPT-ROI-Historic oil reserve release is only a band-aid on a gaping supply shock: Bousso
By Ron Bousso LONDON, March 11 (Reuters) - The International Energy Agency’s plan to release 400 million barrels of oil reserves is unprecedented in scale and desperately needed to blunt the devastating supply shock triggered by the Iran war. But it will offer only limited relief as long as energ...Reuters
Thu, Mar 12
US to release 172 million barrels of oil from strategic petroleum reserve
By Kanishka Singh and Ryan Patrick JonesWASHINGTON, March 11 (Reuters) - The U.S. will release 172 million barrels of oil from its strategic petroleum reserve in a bid to reduce oil prices that have soared due to supply shocks from the U.S.-Israeli war on Iran, U.S. Energy Secretary Chris Wright sai...Reuters
Wed, Mar 11
IEA announces record oil stockpile release over Iran war supply disruptions
IEA agrees to release record 400 million barrels of oilU.S. to contribute 172 million barrels, Japan promises swift release of 80 million barrelsOil prices rise on Wednesday as concerns of prolonged supply disruption persistBy America Hernandez and Alex Lawler PARIS/LONDON, March 11 (Reuters) - T...Reuters
Wed, Mar 11
Venezuela leader Rodriguez taps Paula Henao as new oil minister
March 11 (Reuters) - Venezuela's acting President Delcy Rodriguez said on Wednesday that she had appointed Paula Henao to be the country's oil minister. Henao was previously a vice oil minister. "I am fully confident that, with her professionalism, extensive experience and many years of ...Reuters
Wed, Mar 11
US to release 172 million barrels of oil from strategic petroleum reserve
The US President Donald Trump administration plans to release 172 million barrels from the US emergency oil reserve as part of the coordinated effort by nations around the world to ease soaring crude and gasoline prices amid the Iran war, Bloomberg reported on Wednesday.
Fxstreet
Wed, Mar 11
US President Donald Trump: IEA decision to release oil from reserve will reduce oil prices
US President Donald Trump said on Wednesday that the US knocked out Iran's navy and leaders. Trump added that the International Energy Agency (IEA) decision to release oil from reserves will substantially reduce oil prices.Fxstreet
Wed, Mar 11
Sea drones target oil tankers in the Middle East as conflict risks widen — Reuters
Naval drones have been used in at least two attacks on oil tankers in the Gulf region since war erupted between the United States (US), Israel and Iran, suggesting a dangerous new threat in the key shipping lane, Reuters reported on Wednesday.Fxstreet
Wed, Mar 11
US sued by food stamp recipients over restrictions on sugary drinks, candy
Restrictions allegedly destabilize food accessAgriculture, Health secretaries back restrictionsAgriculture Department declines to commentBy Jonathan Stempel March 11 (Reuters) - Food stamp recipients sued the U.S. Department of Agriculture on Wednesday to undo Trump administration efforts to prev...Reuters
Wed, Mar 11
Argentina grains exchange holds soy, corn forecasts after February rains
BUENOS AIRES, March 11 (Reuters) - Argentina's Rosario grains exchange (BCR) on Wednesday maintained its soybean and corn production forecasts after widespread February rains helped stabilize crop conditions across key growing regions. The monthly crop report kept its 2025/26 soybean forecas...Reuters
Wed, Mar 11
CIF/FOB Gulf Grain-Spot basis bids for soybeans stay largely flat
CHICAGO, March 11 (Reuters) - Spot basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were largely flat on Wednesday as traders continued to watch for demand from top importer China.Traders have been looking for potential sales to China ahead of a summit planned between U.S. Presi...Reuters
Wed, Mar 11
FACTBOX-Tech companies tap debt markets to fund AI and cloud expansion
March 11 (Reuters) - The world's largest technology companies are tapping debt markets, as they seek to bolster their artificial intelligence infrastructure, marking a shift for Silicon Valley firms that typically relied on cash to fund their investments.Big Tech is expected to splurge more than...Reuters
Wed, Mar 11
Canada's Wesdome Gold Mines Q4 revenue surges, net income doubles on higher prices
OverviewCanada gold miner's Q4 revenue rose 58% yr/yr, net income more than doubledQ4 gold production fell 6% yr/yr, while costs per ounce increasedCompany repurchased and cancelled 706,100 shares for about C$14 mln in Q4OutlookWesdome expects 2026 gold production of 180,000-205,000 ounces, up 4...Reuters
Wed, Mar 11
Iranian oil flows through Strait of Hormuz even as Gulf neighbors' exports shut
Iran exported 13.7 million bbls of crude since attacks, tanker tracker saysTrump's White House has not responded to request for commentMany big crude tankers still loading at major Iranian port, satellite images showBy Shariq Khan, Jonathan Saul and Arathy Somasekhar NEW YORK/LONDON/HOUSTON, ...Reuters
Wed, Mar 11
Two foreign tankers carrying Iraqi fuel oil ablaze after attack in territorial waters, Iraqi ports official says
BASRA, March 11 (Reuters) - Two foreign tankers carrying Iraqi fuel oil were subjected to unidentified attacks inside territorial waters, causing them to catch fire, Iraq's director general of the General Company for Ports Farhan al-Fartousi told Reuters on Wednesday. Iraq evacuated the 25 crew ...Reuters
Wed, Mar 11
FACTBOX-How have US presidents tapped strategic petroleum reserves during war?
WASHINGTON, March 11 (Reuters) - President Donald Trump said on Wednesday the U.S. would contribute "a little bit" to the International Energy Agency's (IEA) plan to release a record 400 million barrels of oil in various countries' reserves to try to control prices that have jumped d...Reuters
Wed, Mar 11
LIVESTOCK-Chicago cattle futures drop, lean hogs follow as oil prices spark economic worries
By P.J. Huffstutter CHICAGO, March 11 (Reuters) - Chicago Mercantile Exchange live cattle futures fell on Wednesday, as rising crude oil prices reignited broader economic worries and fueled concerns about consumer spending on beef, market analysts said. Feeder cattle dropped sharply, with the mos...Reuters
Wed, Mar 11
Canada oil producers say little can be done to boost oil production in the short term
Canada could delay oil sands maintenance to boost outputIEA releases 400 million barrels to stabilize pricesAnalyst doubts Canada's short-term impact on global supplyBy Amanda StephensonCALGARY, March 11 (Reuters) - Canada's oil industry said on Wednesday there is little it can do to increas...Reuters
Wed, Mar 11
CANADA-CRUDE-Discount on Western Canada Select widens
March 11 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 widened on Wednesday as the International Energy Agency proposed a record release of oil reserves to try to rein in energy prices.WCS for April delivery in Hardisty, ...Reuters
Wed, Mar 11
Trump says IEA oil reserve release will substantially cut prices
March 11 (Reuters) - U.S. President Donald Trump said on Wednesday a decision by the International Energy Agency to release oil from strategic reserves would substantially reduce oil prices."I'm pleased to report that earlier today the International Energy Agency agreed to coordinate the rel...Reuters
Wed, Mar 11
