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Yearly US crude oil exports decreased in 2025 for first time since 2021, EIA says
March 10 (Reuters) - U.S. crude oil exports decreased 3% in 2025 from 2024, the first annual decrease since 2021, the U.S. Energy Information Administration said on Tuesday. The U.S. exported 4.0 million barrels per day of crude oil, 85 times as much as in 2011, but slightly less than in 2023...Reuters
Tue, Mar 10
Saudi Red Sea oil exports to hit record high in March, shipping data shows
Yanbu loadings rise to 2.2 million bpd, could reach 4 million bpdSaudi used to export 6 million bpd via HormuzProduction cuts spread across Middle EastBy Ahmad Ghaddar and Nerijus Adomaitis LONDON/OSLO, March 10 (Reuters) - Saudi Arabia's oil shipments via the Red Sea are on course to hit re...Reuters
Tue, Mar 10
Air India to raise fuel surcharge amid rising jet fuel prices
March 10 (Reuters) - Air India said on Tuesday it would start a phased expansion of fuel surcharge on its domestic and international routes, citing the recent rise in jet fuel prices due to the ongoing conflict in the gulf region.Reuters
Tue, Mar 10
G7 energy ministers stop short of oil reserves release, ask IEA to study options
IEA to assess oil reserve release optionsOil prices drop 11% after Trump commentsEU leaders to discuss energy competitivenessBy Kate Abnett and Forrest Crellin BRUSSELS/PARIS, March 10 (Reuters) - G7 energy ministers stopped short of agreeing on a release of strategic oil reserves on Tuesday and ...Reuters
Tue, Mar 10
EXPLAINER-What are the challenges in securing shipping through the Strait of Hormuz?
By Sarah Young and John Irish March 10 (Reuters) - The Pentagon is looking at ways to escort ships safely through the Strait of Hormuz, U.S. Chairman of the Joint Chiefs of Staff General Dan Caine said on Tuesday.About a fifth of global oil and liquefied natural gas normally passes through the st...Reuters
Tue, Mar 10
Brent oil prices to remain above $95/bbl over next 2 months on Mideast conflict, EIA says
HOUSTON, March 10 (Reuters) - Brent oil prices are set to remain above $95 a barrel over the next two months as conflict in the Middle East rages on, the Energy Information Administration said on Tuesday in its monthly short term energy outlook report. Brent crude futures will then fall below $80 a ...Reuters
Tue, Mar 10
India's Reliance Industries says maximizing LPG output
NEW DELHI, March 10 (Reuters) - India's Reliance Industries RELI.NS, operator of the world's biggest refining complex, said on Tuesday it is maximising production of liquefied petroleum gas(LPG) and diverting its locally-produced natural gas for priority sectors.India has invoked emergency m...Reuters
Tue, Mar 10
Fire breaks out at Cargill soybean processing plant in Wichita, Kansas
CHICAGO, March 10 (Reuters) - A fire broke out at a Cargill soybean processing plant in Wichita, Kansas, late on Monday but the extent of damage to the facility was not immediately known, the company said.Firefighters were onsite and have been working with Cargill to contain the fire, the company sa...Reuters
Tue, Mar 10
US solar firm's lawyer sentenced to 11-year prison term for Ponzi scheme role
By David Thomas March 10 (Reuters) - A federal judge in Sacramento, California sentenced lawyer Ari Lauer on Monday to more than 11 years in prison for his role in an estimated $912 million Ponzi scheme involving California solar power supply company DC Solar.Lauer, 61, pleaded guilty in October ...Reuters
Tue, Mar 10
Maersk introduces emergency surcharge as fuel prices soar
OSLO, March 10 (Reuters) - Container shipping group A.P. Moller-Maersk MAERSKb.CO is introducing a temporary emergency bunker surcharge (EBS) due to the soaring cost of fuel caused by the Iran war, the Danish company said on Tuesday.With 20% of global fuel normally moving through the Strait of Hormu...Reuters
Tue, Mar 10
Russia resumes grain exports to Iran via Caspian Sea, sources say
Caspian Sea emerges as a safe route for trade with IranBlack Sea exports to Iran are still stalled Russia is boosting export terminals in the Caspian Falling water levels affect tradeBy Olga Popova and Gleb Stolyarov MOSCOW, March 10 (Reuters) - Russian companies have resumed grain exports to Ira...Reuters
Tue, Mar 10
PRECIOUS-Gold gains on softer dollar, cooling inflation concerns
Oil sinks after hitting over three-year high Spot silver, platinum gain more than 2% Dubai gold trades at discount to London amid flight disruptionsBy Ashitha Shivaprasad March 10 (Reuters) - Gold rose on Tuesday, buoyed by a pause in the dollar’s rally and easing inflation concerns as oil prices...Reuters
Tue, Mar 10
WTI Oil prices fall as G7 considers reserve release, IEA calls emergency meeting
West Texas Intermediate (WTI) US Oil corrects lower on Tuesday, with the price trading around $82.30 at the time of writing, down 1.15% on the day as markets reassess supply risks following comments from international energy officials.
Fxstreet
Tue, Mar 10
Evening hours will help grain market price USDA data, Euronext says
PARIS, March 10 (Reuters) - Euronext ENX.PA expects an upcoming evening session for its grain futures to help the market react more smoothly to major end-of-day events like U.S. government crop reports, the exchange's head of agricultural commodities said on Tuesday.The late session, to launch o...Reuters
Tue, Mar 10
Brazil's Frigol targets 60% beef output jump with slaughterhouse deals
Frigol expects to lift annual slaughter from 650,000 head to more than 1 million headDeals strengthen Frigol's export access to China and USRevenue projected to approach 7 billion reais in 2026By Roberto Samora SAO PAULO, March 10 (Reuters) - Frigol expects to raise output by 60% in 2026 thro...Reuters
Tue, Mar 10
Industry Minister Akazawa: Discussed the energy situation and possible oil reserves
Ryosei Akazawa, Minister of Economy, Trade and Industry, said that he discussed the energy situation and the possibility of releasing oil reserves with G7 energy ministers in a Reuters News on Tuesday.Fxstreet
Tue, Mar 10
Hungary central bank to provide FX from reserves to cover energy imports
BUDAPEST, March 10 (Reuters) - Hungary's central bank will provide foreign currency liquidity from its international reserves worth some 60 billion euros ($69.85 billion) to cover higher foreign currency demand for energy imports, it said in a statement on Tuesday.Import-reliant Central Europe&#...Reuters
Tue, Mar 10
Iran's intelligence ministry arrests foreign agents, state media reports
DUBAI, March 10 (Reuters) - Iran's intelligence ministry has arrested a foreign national it said was conducting espionage on behalf of the United States and Israel, and acting as a proxy for two Gulf countries, state media cited the ministry as saying on Tuesday. The ministry also said it ha...Reuters
Tue, Mar 10
