News
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Oil prices rise for second consecutive week on expected tighter supply
Benchmarks record highest weekly gains since early JanuaryFresh US sanctions on Iran include Chinese independent refinerPrices also supported by latest OPEC+ production plansBy Shariq Khan NEW YORK, March 21 (Reuters) - Oil prices settled higher on Friday and recorded a second consecutive weekly ...Reuters
Fri, Mar 21
US Cash Crude-Grades mixed on first full day of roll trade
March 21 (Reuters) - U.S. crude oil differentials were mixed on Friday, the first full day of the cash roll period that traders use to square their positions, brokers said.The roll trade period, which traders use to adjust slates, began on Thursday afternoon and will continue for three full days. Tr...Reuters
Fri, Mar 21
ICE canola futures ease in flat week
WINNIPEG, Manitoba - March 21 (Reuters) - ICE canola futures fell a buck Friday but ended this week inside a range since the sharp selloff last week.• May canola RSK5 settled down $1 at $571.70 per metric ton. July fell $2.40 to $581.80. • China's 100% tariffs against Canadian canola oil and mea...Reuters
Fri, Mar 21
Heathrow shutdown raises concerns over contingency planning
Travel consultant estimates cost of closure at $26 million a dayAirport handles around 1,300 flights a dayMinister says government is looking at infrastructure lessons Airlines chief blasts Heathrow over contingency planningBy Joanna Plucinska, Tim Hepher and Muvija M LONDON, March 21 (Reuters) -...Reuters
Fri, Mar 21
CBOT corn falls on strong dollar, economic uncertainty
March 21 (Reuters) - Chicago Board of Trade corn futures fell on a strong dollar and pre-weekend positioning against a backdrop of economic uncertainty, analysts said. CBOT May corn CK25 settled down 4-3/4 cents to $4.64-1/4 per bushel.For the week, most active corn Cv1 rose by 1.25%. The dollar cli...Reuters
Fri, Mar 21
CBOT soybeans ease with dollar rise, economic uncertainty
March 21 (Reuters) - Chicago Board of Trade soybean futures fell on Friday as the dollar rose and traders engaged in pre-weekend positioning against a backdrop of economic uncertainty, analysts said. CBOT May soybeans SK25 settled down 3-1/4 cents to $10.09-3/4 per bushel. CBOT May soymeal SMK25 end...Reuters
Fri, Mar 21
Med crude-Urals diffs unchanged, Kazakhstan's oil output hits a new record
MOSCOW, March 21 (Reuters) - Urals crude differentials to dated Brent were stable on Friday, while Kazakhstan's oil and condensate output rose to a new record in the first half of March.Oil and gas condensate production in Kazakhstan reached 4.6 million metric tons over March 1-16, or 2.16 milli...Reuters
Fri, Mar 21
US natgas prices hold near 3-week low on record output, mild weather
US gas output on track to hit monthly record in March US LNG export feedgas set to hit monthly record in MarchUS gas inventories on track for unusual build in MarchBy Scott DiSavinoMarch 21 (Reuters) - U.S. natural gas futures held near a three-week low on Friday on record output and forecasts for m...Reuters
Fri, Mar 21
FACTBOX-What to know about airlines due to fly into Heathrow Airport on Friday
March 21 (Reuters) - Britain's Heathrow Airport said on Friday that it had begun reopening after a massive fire at a nearby electrical substation knocked out power, forcing a shutdown at Europe's busiest airport and disrupting the flight schedules of airlines globally.At least 120 inbound fl...Reuters
Fri, Mar 21
Heathrow shutdown raises concerns over contingency planning
Travel consultant estimates cost of closure at $26 million a dayAirport handles around 1,300 flights a dayMinister says government is looking at infrastructure lessons Airlines chief blasts Heathrow over contingency planningBy Joanna Plucinska, Tim Hepher and Muvija M LONDON, March 21 (Reuters) -...Reuters
Fri, Mar 21
PRECIOUS-Gold dips on higher dollar, still eyes third weekly gain
Gold hit record high of $3,057.21/oz on ThursdaySilver, platinum, palladium poised for weekly declinesUS dollar hit its highest level since March 7By Anmol Choubey March 21 (Reuters) - Gold fell 1% on Friday due to a stronger dollar and profit-taking, although lingering geopolitical and economic ...Reuters
Fri, Mar 21
US oil and gas rigs rise for first time in three weeks, Baker Hughes says
By Scott DiSavino March 21 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, rose by one to...Reuters
Fri, Mar 21
Canadian opposition, oil CEOs call for scrapping federal carbon price system
Opposition pledges to repeal carbon pricing scheme ahead of election 14 oil and gas CEOs say in letter they want provincial govts to set carbon regulationsFive of six members of oil sands producers' Pathway Alliance sign letterPathway Alliance's C$16 bln carbon capture project discussion slo...Reuters
Fri, Mar 21
France to replace EDF boss ahead of nuclear buildout
Macron picks Framatome head Bernard Fontana as EDF CEOLuc Remont's mandate as CEO was due to expire this summerEDF gearing up to build six new nuclear reactors in FranceBy Dominique Vidalon and Forrest Crellin PARIS, March 21 (Reuters) - France is overhauling the leadership at state-owned uti...Reuters
Fri, Mar 21
FACTBOX-What to know about airlines due to fly into Heathrow Airport on Friday
March 21 (Reuters) - Britain's Heathrow Airport said on Friday that it had begun the process of reopening after a huge fire at a nearby electrical substation wiped out power, shutting down Europe's busiest airport and disrupting the flight schedules of global airlines.At least 120 inbound fl...Reuters
Fri, Mar 21
US oil and gas rigs rise for first time in three weeks, Baker Hughes says
By Scott DiSavino March 21 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for the first time in three weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indicator of future output, rose by one to...Reuters
Fri, Mar 21
METALS-Copper falls on stronger dollar, Comex premium at record high
By Polina Devitt LONDON, March 21 (Reuters) - Copper prices fell on Friday under pressure from a stronger dollar, while mounting worries that the United States may impose new import tariffs on the metal raised the New York futures premium over the London price to a record high.Benchmark three-mon...Reuters
Fri, Mar 21
GRAINS-Chicago corn, soy, wheat fall on pre-weekend selloff
Strengthening dollar adds pressure on US agricultural commoditiesUncertainty about US economy prompts traders to exit positionsInvestors position ahead of March 31 prospective planting reportBy Renee Hickman CHICAGO, March 21 (Reuters) - Chicago grains eased on Friday as traders' concerns abo...Reuters
Fri, Mar 21
