News
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California's Controlled Thermal Resources to go public in $4.7 billion SPAC deal
CTR to go public in SPAC dealAims to produce power by 2028, lithium by 2029Goal to produce other minerals as wellDLE technology from Cerberus to be used March 9 (Reuters) - California lithium and power developer Controlled Thermal Resources will go public on the Nasdaq NDAQ.O through a $4.7 b...Reuters
Mon, Mar 9
US natgas futures slide 2% on warm weather and forecasts for lower demand this week
US gas prices less affected by global supply issues from Iran warUS gas output rises, storage remains below normalLSEG forecasts higher US gas demand next weekBy Scott DiSavino NEW YORK, March 9 (Reuters) - U.S. natural gas futures slid about 2% on Monday on forecasts for less demand this wee...Reuters
Mon, Mar 9
CBOT corn hits 10-month peak but ends down on profit taking, technical selling
CHICAGO, March 9 (Reuters) - Chicago Board of Trade corn futures rose to a 10-month peak on Monday but closed lower as profit-taking and technical selling eroded gains stemming from an overnight surge in crude oil prices.Grain markets can track movements in crude oil, partly due to investment flows ...Reuters
Mon, Mar 9
EXCLUSIVE-Trump reviews options to curb energy prices as Iran strikes roil markets
Strikes on Iran push oil and gas prices higherUS and G7 officials discuss emergency oil releaseOther options include restricting US exportsBy Jarrett Renshaw March 9 (Reuters) - U.S. President Donald Trump is expected to review as early as Monday a set of options to tame oil prices, which have sp...Reuters
Mon, Mar 9
Freeport LNG plant on its way back to full production, LSEG data show
Freeport LNG plant recovering from utility system issueNatural gas prices hit multi-year highs in Europe and AsiaU.S. leads global LNG exportsBy Curtis WilliamsHOUSTON, March 9 (Reuters) - The Freeport LNG plant in Texas is on its way back to full production on Monday following an outage on Sunday, ...Reuters
Mon, Mar 9
Gold price drops below $5,100 as Oil spike lifts US Dollar
Gold (XAU/USD) trims some of its earlier losses on Monday, yet it remains below its opening price by over 1.50% as shipping disruptions in the Strait of Hormuz sent West Texas Intermediate (WTI) Oil prices up more than 30%, to near to $113 a barrel. At the time of writing, XAU/USD trades at $5,090.
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Mon, Mar 9
Putin says energy crisis has arrived but Russia is ready to work with Europe
Putin says oil output relying on Hormuz Strait could stop in a monthRussia says it is ready to supply oil and gas to Europe Putin says Russian firms should make use of situationPutin says high oil prices may be temporary MOSCOW, March 9 (Reuters) - Russian President Vladimir Putin said on Monday ...Reuters
Mon, Mar 9
EXCLUSIVE-Canadian oil tycoon backs South Bow pipeline to boost US exports
South Bow pipeline could boost Canada's US crude exports by over 12%Waterous supports pipeline but prefers market diversification to AsiaWaterous says Canada should leverage South Bow's proposal in U.S. trade talksBy Amanda Stephenson CALGARY, March 9 (Reuters) - The Canadian tycoon who h...Reuters
Mon, Mar 9
US Cash Grains-Soy, corn basis lower amid farmer sales
CHICAGO, March 9 (Reuters) - Basis bids for corn and soybeans turned lower at elevators, processors and river terminals in the U.S. Midwest on Monday amid a spate of farmer selling as producers took advantage of a recent rally in corn and soy prices to offload grain, dealers said.Though futures trad...Reuters
Mon, Mar 9
Venture Global pledges on-time LNG deliveries amid Middle East conflict
Venture Global tells Plaquemines Phase 1 customers it will begin long‑term LNG deliveries on Oct. 31Letter to Shell, Orlen says Phase 1 remains on schedule as Middle East conflict drives global gas prices higherTTF hits three‑year high around $21/mmBtu; JKM near two‑year high around $16/mmBtuBy Step...Reuters
Mon, Mar 9
GRAINS-Grain, soy futures retreat as surging crude oil slips from highs
Most-active soybeans drop after hitting highest since May 2024Wheat down after reaching highest since June 2024Corn falls from 10-month highsBy Karl Plume CHICAGO, March 9 (Reuters) - U.S. grain and soybean futures fell on Monday in a profit-taking and technical-selling retreat from multi-year hi...Reuters
Mon, Mar 9
Oman's Muscat airport denies limiting private jets after reports
March 8 (Reuters) - Oman's Muscat International Airport said on Monday it did not send a message seen by some charter executives that asked private jets to avoid using the site for "additional flights," to give priority to government and commercial traffic. "Muscat International Airp...Reuters
Mon, Mar 9
UAE envoy to UN urges de-escalation of US-Israeli war with Iran
By Olivia Le Poidevin GENEVA, March 9 (Reuters) - The United Arab Emirates ambassador to the United Nations in Geneva called on Monday for a de-escalation of the U.S.-Israeli war on Iran and a return to negotiations.Oil prices have surged as some major producers cut supplies and stock markets ha...Reuters
Mon, Mar 9
Europe Gasoline/Naphtha-Gasoline refining margins fall on stronger crude
LONDON, March 9 (Reuters) - Northwest European gasoline refinery profit margins dropped by about 15 cents to about $2.75 a barrel on Monday, amid a surge in underlying crude prices.About 4,000 metric tons of E5 gasoline barges traded in the Argus window, with Gunvor selling to Exxon Mobil.Another 3,...Reuters
Mon, Mar 9
Trump to hold a press conference after markets close on Monday
WASHINGTON, March 9 (Reuters) - U.S. President Donald Trump said he would hold a press conference later on Monday before returning to Washington from Florida, but gave no details about what he would discuss. The press conference is scheduled for at about 5:30 p.m. (2130 GMT), after the U.S. marke...Reuters
Mon, Mar 9
Middle East de-escalation best way to ensure lower energy prices, says UK's Reeves
LONDON, March 9 (Reuters) - A rapid de-escalation in the Middle East is the best way to protect Britain from rising energy prices, finance minister Rachel Reeves said, adding that she would keep monitoring prices after a spike in the price of oil. "I am clear that the best way to keep prices ...Reuters
Mon, Mar 9
UK would support release of emergency oil stocks after price spike, finance minister says
LONDON, March 9 (Reuters) - Britain stands ready to support the release of emergency oil reserves in response to a spike in the price of oil following renewed conflict in the Middle East, finance minister Rachel Reeves said on Monday. "I stand ready to support a coordinated release of collect...Reuters
Mon, Mar 9
