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New Zealand to stick to current economic plans despite US tariff concerns
WELLINGTON, April 8 (Reuters) - New Zealand will not revise its economic and fiscal plans despite the turmoil in the global financial markets triggered by U.S. President Donald Trump's tariff plans, Finance Minister Nicola Willis said on Tuesday.A global trade war touched off by Trump's swee...Reuters
Tue, Apr 8
Suncor Reports Planned Equipment Shutdown At Montreal Refinery
April 7 (Reuters) - Suncor Energy inc SU.TO:CONDUCTING PLANNED EQUIPMENT SHUTDOWNS FOR MAINTENANCE WORK STARTING APRIL 8, 2025 AND LASTING APPROXIMATELY FIVE WEEKS AT MONTREAL REFINERYREFINERY CAPACITY: 137,000 BARRELS PER DAYSOURCE: NOTICE POSTED ON AIEMReuters
Tue, Apr 8
Brent futures, options volumes surpass pandemic record as oil market reels
HOUSTON, April 7 (Reuters) - Brent crude futures and options contracts traded on the Intercontinental Exchange (ICE) hit record volumes on Friday, surpassing levels seen during the COVID-19 pandemic as investors braced for a global trade war and OPEC+ oil output hikes.
Reuters
Tue, Apr 8
CORRECTED-GRAINS-Chicago wheat, corn gain on weather risks; soybeans also tick up
BEIJING, April 8 (Reuters) - Chicago wheat and corn futures rose on Tuesday, supported by weather concerns in key growing regions and a weaker dollar, which makes U.S. farm goods more competitive.Soybeans also inched higher but hovered near year-to-date lows amid the ongoing tariff concerns. FUN...Reuters
Tue, Apr 8
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, April 8 (Reuters) - Contract Target Support/Resistance Brent oil $65.58/$67.50sup $64.40/$63.41/$62.49Palm oil (3rd month)4,269/4,323 ringgitsup 4,212/4,176/4,119 ringgitWTI* $62.14/$64.08sup $60.94/$59.93/$59Spot gold$3,022/$3,049sup $2,978/$,2,9...Reuters
Tue, Apr 8
US Cash Crude-US grades steady as investors weigh tariff impact
April 7 (Reuters) - U.S. cash crude grades were little changed on Monday, dealers said, as investors weighed the impact of trade tariffs. Mars Sour and WTI Midland held steady at a premium of 60 cents and $1.05 to U.S. crude futures respectively.President Donald Trump said the U.S. would impose...Reuters
Tue, Apr 8
EXCLUSIVE-US energy chief Wright heads to Middle East for nearly two weeks, source says
Wright heads to Saudi, UAE and Qatar Trip to focus on building relations, investments in U.S.Trip comes after Trump said U.S. and Iran having direct talksWright, a former fracker, to visit oil, gas fields, nuclear plantBy Timothy Gardner WASHINGTON, April 7 (Reuters) - U.S. Energy Secretary Chris...Reuters
Tue, Apr 8
COLUMN-Soybeans wait in the wings while US, China exchange blows: Braun
By Karen Braun NAPERVILLE, Illinois, April 7 (Reuters) - U.S.-China Trade War 2.0 is heating up and soybeans, China’s top U.S. import, are in the crosshairs once again. But the soybean battle may be lackluster right now because of how little trade is done at this time of year and how few U.S. car...Reuters
Mon, Apr 7
LIVESTOCK-CME cattle, hogs plunge as US-China trade tensions heat up
By Renee HickmanCHICAGO, April 7 (Reuters) - Chicago Mercantile Exchange cattle and hog futures took nose dives on Monday as another huge selloff in the equities market following U.S. President Donald Trump's sweeping tariffs created concerns for the future of consumer demand, analysts said.Wall...Reuters
Mon, Apr 7
Natural Gas Pipeline Lifts Force Majeure At Compressor Station 169, Texas
April 7 (Reuters) - KINDER MORGAN'S KMI.N NATURAL GAS PIPELINE COMPANY:LIFTS FORCE MAJEURE AT COMPRESSOR STATION 169 (CS 169) LOCATED IN DEAF SMITH COUNTY, TEXAS (SEGMENT 8 OF NATURAL'S PERMIAN ZONE) AFTER REPAIR WORKRELATED: nFWN3QL1HL (( This is the verbatim text of a critical notification...Reuters
Mon, Apr 7
Panama's comptroller office to sue over renewal of CK Hutchison contract
PANAMA CITY, April 7 (Reuters) - Panama's Comptroller General office will introduce a lawsuit against the officials who authorized the renewal in 2021 of a 25-year concession to Hong-Kong based CK Hutchison 0001.HK for the operation of two key ports near the Panama Canal, the comptroller general...Reuters
Mon, Apr 7
CANADA-CRUDE-Western Canada Select heavy crude discount widens
April 7 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 widened on Monday. WCS for May delivery in Hardisty, Alberta, settled at $9.15 a barrel under WTI, according to brokerage CalRock, after having s...Reuters
Mon, Apr 7
US EPA approves Texas' first CO2 injection well
By Valerie Volcovici WASHINGTON, April 7 (Reuters) - The U.S. Environmental Protection Agency on Monday issued Texas' first permit to allow drilling to inject and store carbon dioxide to oil company Occidental OXY.N.The company's Oxy Low Carbon Ventures received a so-called Class VI permi...Reuters
Mon, Apr 7
Freeport-McMoRan CEO flags concern over global growth amid US tariffs
By Daina Beth Solomon SANTIAGO, April 7 (Reuters) - The CEO of copper producer Freeport-McMoRan FCX.N said on Monday she was concerned about the health of the global economy and the possibility of recession and inflation in the wake of U.S. tariffs rolled out last week. The comments from the worl...Reuters
Mon, Apr 7
CIF/FOB Gulf Grain-Corn, soybean barge basis ease as trade war escalates
CHICAGO, April 7 (Reuters) - Spot basis bids for soybeans and corn delivered by barge to U.S. Gulf Coast terminals continued to fall on Monday, as a global trade war touched off by U.S. President Donald Trump's sweeping tariffs escalated further, traders said.* On Monday, Trump threatened to inc...Reuters
Mon, Apr 7
FACTBOX-How has the EU watered down its countermeasures to US tariffs?
By Philip BlenkinsopBRUSSELS, April 7 (Reuters) - The European Commission bowed to pressure from EU countries to water down countermeasures against U.S. President Donald Trump’s tariffs on steel and aluminium, removing U.S. bourbon from its list of targets.The European Commission had planned to impo...Reuters
Mon, Apr 7
EU says it prefers negotiations, but proposes first tariffs on US imports
EU to approve retaliation against steel and aluminium tariffsEU ministers debate response to broader US tariffsFrance says EU must consider tools that could hit US services Trump tariffs live page By Philip Blenkinsop LUXEMBOURG, April 7 (Reuters) - The European Commission said on Mon...Reuters
Mon, Apr 7
TSR forecasts 2025 hurricane activity in line with 30-year norm
By Isha MaratheApril 7 - (The Insurer) - Tropical Storm Risk anticipates a 2025 hurricane season similar to the 1991 to 2020 climate norm, with tropical North Atlantic and Caribbean Sea waters expected to be near or slightly above normal by September 2025, with neutral El Niño-Southern Oscillation ...Reuters
Mon, Apr 7
GRAINS-Chicago soybeans and corn end higher after seesaw trading
By Renee Hickman CHICAGO, April 7 (Reuters) - Chicago corn and soybeans settled up after whipsawing back and forth on Monday, fueled by tariff news and weather risks, according to analysts. Wheat firmed on a dry weather forecast in the U.S. wheat belt. The most active soybean contract Sv1 on the ...Reuters
Mon, Apr 7
SOFTS-Coffee, cocoa and sugar plunge as Trump tariff turmoil continues
NEW YORK, April 7 (Reuters) - World coffee, cocoa and sugar prices plunged on Monday as investors continued to fret about recession risks, with U.S. President Donald Trump showing little sign of backing down from sweeping trade tariffs imposed late last week.Investors fear a global trade war could ...Reuters
Mon, Apr 7
