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WTI drifts higher above $69.50 amid escalating trade war risks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $69.70 during the early Asian session on Friday. The WTI price gains momentum to a one-month high as the US threat of tariffs on countries buying Venezuelan production still supports prices.
Fxstreet
Fri, Mar 28
GRAINS-Corn on track for weekly losses ahead of US planting report
SINGAPORE, March 28 (Reuters) - Chicago corn futures lost more ground on Friday, with the market set for its biggest weekly drop in almost a month on forecasts of higher U.S. planting this year.Wheat and soybeans slid in early Asian trade.FUNDAMENTALS* The most-active corn contract on the Chicago Bo...Reuters
Fri, Mar 28
US is pushing more expansive minerals deal with Ukraine, sources say
Under proposal Kyiv would contribute to joint fund all income from use of natural resourcesDeal would apply to Ukrainian state and private enterprisesProposal includes no security guaranteesBy Erin Banco, Andrea Shalal and Gram Slattery March 27 (Reuters) - The Trump administration has proposed a...Reuters
Thu, Mar 27
Putin suggests temporary administration for Ukraine, Russian news agencies report
March 28 (Reuters) - Russian President Vladimir Putin suggested Ukraine could be placed under a form of temporary administration to allow for new elections and the signature of key accords with the aim of reaching a settlement in the war, Russian news agencies reported early on Friday.Putin, speakin...Reuters
Thu, Mar 27
Reddit, X back up after outages impact US users, Downdetector shows
March 27 (Reuters) - Social media platforms X and Reddit RDDT.N were back online after thousands of users in the U.S. experienced disruptions on Thursday, according to outage tracking website Downdetector.com.On its status page, Reddit confirmed degraded performance that affected the website at 3:16...Reuters
Thu, Mar 27
Shell scraps solar, onshore wind power projects in Brazil
SAO PAULO, March 27 (Reuters) - Shell SHEL.L is discontinuing its solar and onshore wind power generation projects in Brazil, as part of a "portfolio adjustment", the company said on Thursday.The move comes amid an unfavorable environment for renewable power investments in Brazil, where proj...Reuters
Thu, Mar 27
US Cash Grains-Soy, corn bids mostly steady as futures seesaw
CHICAGO, March 27 (Reuters) - Spot basis bids for corn and soybeans were mostly unchanged in the U.S. Midwest on Thursday as futures seesawed and market players awaited Monday's U.S. Department of Agriculture report, dealers said. * The corn basis ticked down at an Ohio rail terminal. * Corn and...Reuters
Thu, Mar 27
US SEC votes to stop defending climate disclosure rules
March 27 (Reuters) - Wall Street's top regulator said on Thursday it had voted to cease legal efforts to defend regulations that require companies to disclose climate-related emissions, risks and spending, and had been hotly contested by industrial lobby groups.The decision by the Republican-dom...Reuters
Thu, Mar 27
CIF/FOB Gulf Grain-Corn barge basis bids creep higher
CHICAGO, March 27 (Reuters) - Spot basis bid rose slightly for corn delivered by barge to the U.S. Gulf Coast on Thursday, traders said.* The United States has the most competitive bid for corn sales globally, making it a more attractive supplier than rivals such as Brazil, a trader said.* U.S. corn...Reuters
Thu, Mar 27
COLUMN-Hall of Shame? Revisiting four major doozies in US acres, stocks: Braun
By Karen Braun NAPERVILLE, Illinois, March 27 (Reuters) - It’s no secret that the data put out by the U.S. Department of Agriculture each year at the end of March can have serious ramifications for the market due to its unpredictable nature.In fact, industry analysts have been in the ballpark wit...Reuters
Thu, Mar 27
LIVESTOCK-CME live cattle jump on fund buying, lofty beef prices
By Karl Plume CHICAGO, March 27 (Reuters) - Chicago Mercantile Exchange live cattle futures on Thursday climbed for a third straight session on tight market-ready supplies and rising beef prices, analysts said.Cattle pushed higher on buying by commodity funds that hold a sizable net long position...Reuters
Thu, Mar 27
Liberty CEO Gusek sees modest impact of steel tariffs on oilfield services
By Shariq Khan NEW YORK, March 27 (Reuters) - Oilfield service providers will face modest hits to earnings from U.S. President Donald Trump's decision to impose tariffs on steel imports, Liberty Energy LBRT.N Chief Executive Ron Gusek said on Thursday.Trump imposed 25% tariffs on steel and al...Reuters
Thu, Mar 27
Everen to return $350 million to energy industry shareholder members
By Chris MunroMarch 27 - (The Insurer) - Energy industry mutual Everen has announced plans to return $350 million to its shareholder members in the form of a dividend.The dividend will be paid on or before September 30, 2025, to Everen shareholders of record as of March 20, 2025.News of the dividend...Reuters
Thu, Mar 27
US Cash Crude-Grades rise as WTI-Brent spread encourages export demand
March 27 (Reuters) - Grades rose on Thursday, dealers said, as a wide WTI-Brent spread helped encourage export demand. The spread between U.S. West Texas Intermediate and Brent crude futures traded exclusively within a $4 discount range for the first time since December, according to LSEG data. Min...Reuters
Thu, Mar 27
EXPLAINER-New creditors' battle emerges in Citgo auction reboot
New bidding round starts after year-long auction ended in shambles Creditors' dispute over minimum bid to add more delays in 8-year-old caseBondholders pact released at Gold Reserve-consortium's requestBids by Venezuela-linked creditors turn auction into creditors gameBy Marianna Parraga ...Reuters
Thu, Mar 27
Suncor finds source of spill at Sarnia refinery
March 27 (Reuters) - Canada's Suncor Energy SU.TO said on Thursday it had identified and isolated the source of a hydrocarbon spill observed during regular monitoring at its 85,000-barrel-per-day refinery in Sarnia, Ontario.Suncor added that no injuries have been reported due to the incident. It...Reuters
Thu, Mar 27
Suncor Sarnia Refinery Reports It Was Alerted To A Release Of Hydrocarbons - Community Alert
March 27 (Reuters) - Suncor Energy Inc SU.TO:REPORTS AT 1.00 PM, DURING REGULAR MONITORING, SARNIA, CANADA REFINERY WAS ALERTED TO A RELEASE OF HYDROCARBONS SAYS SARNIA REFINERY IMMEDIATELY DEPLOYED ITS RESPONSE EQUIPMENT INCLUDING BOOMS AND VACUUM EQUIPMENT ON THE ST. CLAIR RIVERREPORTS THE SOURCE ...Reuters
Thu, Mar 27
Canada's prime minister says nothing off the table in response to Trump's tariffs
Carney warns of tough times, end of US-Canada traditional economic relationshipCanada plans retaliatory trade actions with maximum US impactCarney seeks strong mandate for Liberals to counter Trump's tariffsBy David Ljunggren, Promit Mukherjee OTTAWA, March 27 (Reuters) - Canada will wait unt...Reuters
Thu, Mar 27
