News
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Silver Price Forecast: XAG/USD consolidates below $89.00; bullish bias remains
Silver (XAG/USD) trades with a positive bias for the fourth straight day on Wednesday, though it lacks bullish conviction and remains below a one-week high set the previous day. The white metal currently trades just below the $89.00 mark, up nearly 2% for the day, and seems poised to climb further.
Fxstreet
Wed, Mar 11
GRAINS-Chicago soybeans extend gains as crude oil lifts crop markets
BEIJING, March 11 (Reuters) - Chicago soybeans climbed for a second consecutive session on Wednesday, tracking stronger crude oil market as the U.S. and Israel continued their war on Iran, although ample global supplies capped gains.Higher oil prices can support soybeans as soyoil is used to produce...Reuters
Wed, Mar 11
Heaviest day of strikes yet on Iran despite market bets that war will end soon
Trump predicts a quick end to hostilitiesTehran residents say overnight strikes are worst yetIRGC threatens to halt Middle East oil exportsCrude prices fall, stock markets rise after Trump remarksBy Parisa Hafezi, Alexander Cornwell and Phil Stewart DUBAI/TEL AVIV/WASHINGTON, March 10 (Reuters) -...Reuters
Wed, Mar 11
Oil prices fall as WSJ says IEA proposes largest oil stock release ever
TOKYO, March 11 (Reuters) - Oil prices dropped on Wednesday after the Wall Street Journal reported the International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soared amid the U.S.-Israel war with Iran.Brent futures LCOc1 were t...Reuters
Wed, Mar 11
CORRECTED-ROI-Compounding errors and narrow self-interest threaten global fuel crisis: Russell
By Clyde Russell LAUNCESTON, Australia, March 9 (Reuters) - Mounting miscalculations and a retreat to narrow self-interest by major countries, including the United States and China, are threatening to turn the current conflict in Iran into a global crisis for the supply of refined oil products.Mu...Reuters
Wed, Mar 11
IEA proposes largest ever oil release from strategic reserves, WSJ reports
March 10 (Reuters) - The International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soared due to the U.S.-Israel war with Iran, the Wall Street Journal reported on Tuesday, citing officials familiar with the matter.The release wo...Reuters
Wed, Mar 11
RPT-Southeast Asian refineries curb output as war-tightened crude supply bites
Malaysia's Prefchem shuts 300,000 bpd crude unit, sources saySingapore Refining Co cuts runs at Jurong site, sources sayExxonMobil's Jurong refinery in Singapore trim runs, sources sayBy Trixie Yap SINGAPORE, March 10 (Reuters) - A growing number of refineries in Southeast Asia, which are...Reuters
Wed, Mar 11
Diesel markets, upended by Middle East conflict, threaten global economic slowdown
Diesel markets most exposed to Middle East war, analysts and traders sayStrait of Hormuz disruptions could result in 3-4 million bpd of diesel supply lossRetail diesel prices could double if shipping disruptions persistHigher diesel prices could lift costs for everyday goodsBy Shariq Khan NEW YOR...Reuters
Tue, Mar 10
US Plains HRW Wheat-Basis bids flat in muted trade
CHICAGO, March 10 (Reuters) - Basis bids for hard red winter were unchanged in quiet trading on Tuesday as market players assessed recent rains in wheat-growing areas and a U.S. Department of Agriculture report.USDA left its U.S. wheat supply and demand outlook unchanged in a monthly report on Tuesd...Reuters
Tue, Mar 10
FACTBOX-Tech companies tap debt markets to fund AI and cloud expansion
March 10 (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
Tue, Mar 10
US Cash Grains-Soy, corn basis mixed as futures ease
CHICAGO, March 10 (Reuters) - Spot basis bids for corn and soybeans were steady to mixed in the U.S. Midwest on Tuesday after farmers took advantage of a recent rally in corn and soy futures to sell. Farmer selling eased as the rally in futures prices petered out.U.S. corn and wheat futures fell for...Reuters
Tue, Mar 10
CIF/FOB Gulf Grain-Spot soybean basis bids edge higher
CHICAGO, March 10 (Reuters) - Spot basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals edged up on Tuesday after falling the previous day, as traders monitored whether top importer China will make purchases.U.S. soybean export demand has been sluggish recently as global buyers have...Reuters
Tue, Mar 10
America First Refining Secures 20-Year Offtake Agreement To Construct New U.S. Refinery
March 10 (Reuters) - AMERICA FIRST REFINING SECURES LANDMARK 20-YEAR OFFTAKE AGREEMENT AND CAPITAL INVESTMENT TO CONSTRUCT FIRST NEW U.S. REFINERY IN 50 YEARS.AMERICA FIRST REFINING: WILL OFFICIALLY BREAK GROUND ON NEW REFINERY IN Q2 2026AMERICA FIRST REFINING: UNDER NEWLY SIGNED AGREEMENT, WILL PRO...Reuters
Tue, Mar 10
Macron to host G7 leaders call on Iran crisis, energy prices
PARIS, March 10 (Reuters) - French President Emmanuel Macron will convene a call with leaders of the Group of Seven on Wednesday to discuss the Iran crisis and rising energy prices, the French president's office said.The talks come as G7 governments weigh how to respond to a sharp rise in oil pr...Reuters
Tue, Mar 10
US destroys mine-laying vessels as Trump warns Iran over Strait of Hormuz
Military 'eliminates' 16 mine-laying vessels near StraitTrump tells Iran to remove any mines in StraitEnergy Secretary deletes post saying tanker had been escortedStrait of Hormuz is key passage for oil shipments WASHINGTON, March 10 (Reuters) - The U.S. military "eliminated" 16 I...Reuters
Tue, Mar 10
Robin Energy Announces Proposed Spin-Off Of Its Tanker Business
March 10 (Reuters) - Robin Energy Ltd RBNE.O:ROBIN ENERGY ANNOUNCES PROPOSED SPIN-OFF OF ITS TANKER BUSINESSROBIN ENERGY LTD - ROBIN SHAREHOLDERS TO RECEIVE 1 AI OKTO SHARE FOR EVERY 6.5 ROBIN SHARESROBIN ENERGY LTD - AI OKTO APPLIES TO LIST COMMON SHARES ON NASDAQ CAPITAL MARKETROBIN ENERGY LTD - A...Reuters
Tue, Mar 10
