News
Important Only
Citi Maintains 2Q25 Oil Price Forecast at $68/bbl
April 3 (Reuters) - CITI RESEARCH:SEES BASE CASE OIL PRICE OUTLOOK UNCHANGED AT $68/BBL FOR 2Q25REITERATES QUARTERLY PRICE FORECASTS AT $68/BBL, $65/BBL, AND $60/BBL ON A BRENT BASIS"SAYS "SANCTIONS ON IRANIAN, VENEZUELAN, EVENTUALLY RUSSIAN OIL PURCHASES ACT TO TIGHTEN OIL SUPPLY, THEREBY O...Reuters
Thu, Apr 3
EU wheat eases on euro jump and tariff jitters
PARIS, April 3 (Reuters) - Euronext wheat futures eased on Thursday as the euro climbed and traders awaited potential trade disruption following the announcement of sweeping U.S. tariffs.May wheat BL2K5 on Euronext settled 0.5% down at 221.00 euros ($243.54) a metric ton, after paring early losses.T...Reuters
Thu, Apr 3
Duke Energy Ohio/Kentucky Restore Power To More Than 31,000 Customers Impacted By High Winds, Severe Storms
April 3 (Reuters) - Duke Energy Corp DUK.N:DUKE ENERGY OHIO/KENTUCKY RESTORE POWER TO MORE THAN 31,000 CUSTOMERS IMPACTED BY HIGH WINDS, SEVERE STORMSDUKE ENERGY - AROUND 30,000 CUSTOMERS IN SOUTHWEST OHIO & NORTHERN KENTUCKY STILL WITHOUT POWER AS OF 11:45 A.M.Reuters
Thu, Apr 3
GRAINS-US soybean futures slip on fears of tariff retaliation
By Tom Polansek CHICAGO, April 3 (Reuters) - Chicago Board of Trade soybean futures slid on Thursday amid concerns that new U.S. tariffs could trigger retaliatory measures against American exports, analysts said.President Donald Trump on Wednesday announced a 10% baseline tariff on most imports t...Reuters
Thu, Apr 3
U.S. RESEARCH ROUNDUP-Alphabet, Amazon, Meta
April 3 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Alphabet, Amazon and Meta, on Thursday. HIGHLIGHTS * Alphabet Inc GOOGL.O: RBC cuts target price to $200 from $235* Amazon AMZN.O: RBC cuts target p...Reuters
Thu, Apr 3
US Cash Grains-Soybean, corn basis bids steady to firm
CHICAGO, April 3 (Reuters) - Spot basis bids for soybeans firmed at several crushing facilities in the U.S. Midwest on Thursday as Chicago Board of Trade soybean futures fell nearly 2%, discouraging farmer sales of the oilseed.* The bean basis firmed by 5 cents a bushel at processing plants in Morri...Reuters
Thu, Apr 3
Med crude-Urals diffs stable as oil slumps on Trump tariffs, OPEC+ boosting output
MOSCOW, April 3 (Reuters) - Urals crude differentials were steady on Thursday, while outright prices for the grade fell following slump in Brent on Trump tariffs and OPEC+ boosting output. Eight OPEC+ countries unexpectedly agreed on Thursday to advance their plan to phase out oil output cuts by...Reuters
Thu, Apr 3
Hunt's tomato maker Conagra may hike prices to offset tariffs, CEO says
By Jessica DiNapoli and Ananya Mariam Rajesh NEW YORK, April 3 (Reuters) - Chef Boyardee maker Conagra Brands CAG.N may have to hike prices to offset the cost of tariffs on ingredients like cocoa, olive oil, palm oil and a type of steel used for its canned food products, CEO Sean Connolly said on...Reuters
Thu, Apr 3
US plans to develop AI projects on Energy Department lands
By Timothy Gardner WASHINGTON, April 3 (Reuters) - The administration of President Donald Trump said on Thursday it has identified 16 potential sites on U.S. Department of Energy lands where data centers and power plants supporting the boom in artificial intelligence can be developed. WHY IT'...Reuters
Thu, Apr 3
PBF restarts some units at Martinez refinery after February fire; fire-damaged units remain shut
By Nicole Jao NEW YORK, April 3 (Reuters) - PBF Energy PBF.N is restarting several refinery process units at the Martinez facility that were shut after a fire broke out in February, the company said on Thursday.The units will be restarting on Thursday and the process will take approximately two ...Reuters
Thu, Apr 3
Exclusion from Trump's tariffs reduces premium of New York precious metals over London
LONDON, April 3 (Reuters) - The most active Comex futures for precious metals reduced their premium over the London spot prices on Thursday after Washington excluded the metals from broad U.S. import tariffs, easing stimulus to continue flying them to the United States.President Donald Trump announc...Reuters
Thu, Apr 3
Citi cuts 2025 base metals price forecasts on Trump trade tariffs
April 3 (Reuters) - Citi Research revised down its 2025 base metals price outlook on Thursday, citing significant headwinds for demand from tariffs announced by the Trump administration and their near-immediate implementation.Trump announced a 10% tariff on most U.S. imports Wednesday, along with st...Reuters
Thu, Apr 3
PBF restarts some units at Martinez refinery after February fire; fire-damaged units remain shut
NEW YORK, April 3 (Reuters) - PBF PBF.N is restarting some refinery process units at the Martinez facility on Thursday that were not directly impacted by the fire in February, the company said.The units will take approximately two weeks to restart, according to the announcement.However, any units th...Reuters
Thu, Apr 3
US plans to develop AI projects on Energy Department lands
By Timothy Gardner WASHINGTON, April 3 (Reuters) - The administration of President Donald Trump said on Thursday it has identified 16 potential sites on U.S. Energy Department lands where data centers and power plants to support the boom in artificial intelligence can be developed.WHY IT'S IM...Reuters
Thu, Apr 3
ANALYSIS-Mining consolidation to speed up as Chinese demand growth slows
Miners look at creating value and strength through scaleM&A discussions typically take place at top or bottom of cycleCopper makes selling consolidation to boards easierBy Pratima DesaiLONDON, April 3 (Reuters) - Joint ventures and asset sales are expected to accelerate in the mining industry, w...Reuters
Thu, Apr 3
Trump administration is months away from direct payments to farmers, agriculture secretary says
By Leah Douglas April 3 (Reuters) - U.S. Agriculture Secretary Brooke Rollins said on Fox News on Thursday the Trump administration is "months away" from making a decision about whether to make payments to farmers to offset any impact from tariffs.President Donald Trump on Wednesday annou...Reuters
Thu, Apr 3
METALS-Base metals fall as Trump's reciprocal tariffs boost demand concerns
By Polina Devitt LONDON, April 3 (Reuters) - Base metals fell in London on Thursday, with copper hitting a one-month low as investors feared the new broad U.S. tariffs would stall global growth and affect industrial demand for metals.Benchmark three-month copper CMCU3 on the London Metal Exchange...Reuters
Thu, Apr 3
Europe Gasoline/Naphtha-Gasoline margins jump as crude tumbles
LONDON, April 3 (Reuters) - Northwest European gasoline refining profit margins rose by $1.67 to an eight-month high of $14.26 a barrel on Thursday, even as regional inventories rose, as underlying crude prices slumped on a US tariff announcement. A total of 12,000 metric tons of Eurobob E10...Reuters
Thu, Apr 3
Sustainable Finance Newsletter - Shareholders dial back on resolutions
By Ross Kerber April 3 (Reuters) - The number of shareholder resolutions filed at U.S. companies by sustainability-minded activists dropped substantially this year, a new report shows, the focus of my column this week linked below.For today, the story is far overshadowed by President Donald Tru...Reuters
Thu, Apr 3
After tariffs, US dangles billions of dollars in Congo mineral investment
April 3 (Reuters) - The United States is in talks to invest billions of dollars in mineral-rich Congo and wants to help end a conflict raging in the country's east, President Donald Trump's senior adviser for Africa said during a visit on Thursday. Democratic Republic of Congo, which has vas...Reuters
Thu, Apr 3
