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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
Hungary limits fuel prices, asks EU to suspend sanctions on Russian energy
Orban caps fuel prices amid election pressuresUrges EU to lift Russian energy sanctionsHungary already grappling with large budget deficit BUDAPEST, March 9 (Reuters) - Hungary's Prime Minister Viktor Orban announced a cap on fuel prices after an emergency government meeting on Monday and urg...Reuters
Mon, Mar 9
Greek-operated tanker with Saudi oil cargo sails through Hormuz, ship tracking data shows
The Shenlong, carrying Saudi oil, sails through Strait of Hormuz Markets looking for any signs that sailings might pick up Iran has threatened to fire on shipping in the strait By Jonathan Saul and Renee Maltezou LONDON, March 9 (Reuters) - A Greek‑operated oil tanker has sailed through the Strai...Reuters
Mon, Mar 9
CORRECTED-Putin says the energy crisis has arrived
MOSCOW, March 9 (Reuters) - Russian President Vladimir Putin said on Monday that the Iran war had triggered a global energy crisis and cautioned that oil production dependent on transport through the Strait of Hormuz could soon come to a complete halt.Russia is the world's second largest oil exp...Reuters
Mon, Mar 9
US and China clash over fentanyl and tariffs at global drugs meeting
VIENNA, March 9 (Reuters) - The United States and China traded barbs at a U.N. drugs meeting on Monday, with Washington accusing Beijing of failing to stop sales of precursor chemicals for fentanyl and China dismissing the allegation as false while calling the U.S. irresponsible.The exchange, delive...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
Saudi Arabia cuts oil output, IEA considers stocks release
Saudi cutting output at two oilfields, say sourcesBahrain's Bapco declares force majeure after attackOil prices at their highest since mid-2022IEA considers oil stock release, G7 leaders to decide this weekBy Yousef Saba and America Hernandez March 9 (Reuters) - Saudi Arabia began oil out...Reuters
Mon, Mar 9
