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EXCLUSIVE-EU proposes cutting steel imports by 15% as Trump tariffs bite
EU to tighten import quotas for steel from April 1Proposal on new measures to replace safeguards due in 3rd quarterPublic procurement rules to favour European steelBy Julia Payne and Philip Blenkinsop BRUSSELS, March 19 (Reuters) - The European Union will tighten steel import quotas to reduce inf...Reuters
Wed, Mar 19
India's proposed steel import tax smaller than hoped, but 'better than nothing', steelmakers say
By Neha Arora NEW DELHI, March 19 (Reuters) - India's proposed 12% tax on steel imports was less than the industry had expected, but will give some relief from an influx of cheap Chinese imports, executives said on Wednesday.Despite being the world's second-biggest crude steel producer, I...Reuters
Wed, Mar 19
Asia Naphtha/Gasoline-Naphtha refining profit margin rises, backwardation widens
NEW DELHI, March 19 (Reuters) - Asia's naphtha refining profit margin gained on Wednesday amid a rise in feedstock demand from upcoming cracker plants in the region and a decline in underlying crude oil prices.The crack rose about $2 to $117.75 per metric ton over Brent crude and the backwardati...Reuters
Wed, Mar 19
Ivory Coast cocoa grind fell 4.7% y/y in February, exporters association says
ABIDJAN, March 19 (Reuters) - Ivory Coast's cocoa grind fell 4.7% year-on-year in February to 52,461 metric tons, data from exporter association GEPEX showed on Wednesday.The total grind from the start of the 2024/25 season in October till the end of February stood at 298,010 tons of beans, down...Reuters
Wed, Mar 19
INSIGHT-Big Tech’s data center boom poses new risk to US grid operators
Data center disconnections threaten grid stability, regulator saysGrid operators face resistance from data centers on proposals for a fixTexas incidents highlight risks of sudden disconnections by crypto minersBy Tim McLaughlinBOSTON, March 19 (Reuters) - Data Center Alley, a 30-square-mile stretch ...Reuters
Wed, Mar 19
Trump to host top US oil chief executives as trade wars loom
Trump to meet with top oil CEOs in closed-door meetingIndustry concerned about falling oil prices, looming trade warsMeeting will mark Trump’s first sit-down with oil and gas leaders since return to White HouseBy Jarrett Renshaw March 19 (Reuters) - U.S. President Donald Trump will host top oil e...Reuters
Wed, Mar 19
Copenhagen Infrastructure Partners reaches financial close on third offshore wind project in Taiwan
COPENHAGEN, March 19 (Reuters) - Clean energy fund manager Copenhagen Infrastructure Partners said on Wednesday it has reached financial close on its 495 megawatt (MW) Fengmiao I wind project, off the coast of Taichung, Taiwan."Fengmiao I is the first offshore wind project in Taiwan to be suppo...Reuters
Wed, Mar 19
EUROPE GAS-Prices rise after agreement on energy ceasefire
March 19 (Reuters) - Dutch and British wholesale gas prices rose on Wednesday morning, rebounding from the day before, after Russian President Vladimir Putin stopped short of a full ceasefire in Ukraine but agreed to a temporary halt on energy infrastructure attacks.The Dutch front-month contract TR...Reuters
Wed, Mar 19
Louis Dreyfus FY Net Sales $50.6 Billion
March 19 (Reuters) - Louis Dreyfus Co BV [RIC:RIC:AKIRAU.UL]:FY NET SALES US$50.6 BILLIONFY SEGMENT OPERATING RESULTS: US$2,348 MILLION (US$2,607 MILLION FOR THE YEAR 2023)FY EBITDA US$1,883 MILLIONFY CAPITAL EXPENDITURE: US$1,005 MILLION (US$636 MILLION FOR THE YEAR 2023)FY VOLUMES: UP 17.4% YEAR O...Reuters
Wed, Mar 19
Crude oil price today: WTI price bearish at European opening
West Texas Intermediate (WTI) Oil price falls on Wednesday, early in the European session. WTI trades at $66.53 per barrel, down from Tuesday’s close at $66.55. Brent Oil Exchange Rate (Brent crude) is also shedding ground, trading at $70.03 after its previous daily close at $70.07.
Fxstreet
Wed, Mar 19
BofA Raises Henry Hub Price Forecast To $4.64 And $4.50 For 2025 And 2026
March 19 (Reuters) - Bank of America (BofA):RAISES HENRY HUB FORECAST TO $4.64 AND $4.50 FOR 2025 AND 2026BOFA SAYS HENRY HUB PRICES COULD MOVE EVEN HIGHER NEXT WINTER, POTENTIALLY ABOVE $6/MMBTU IF WEATHER, LNG, AND OTHER FACTORS ALIGNReuters
Wed, Mar 19
METALS-Copper firms at five-month high; focus on potential Trump tariffS
SHANGHAI, March 19 (Reuters) - Copper prices on the London Metals Exchange (LME) held firm near a five-month high on Wednesday, with markets watching out for potential U.S. tariffs on copper.Benchmark three-month copper CMCU3 on the LME was up 0.2% to $9,923 a metric ton as of 0723 GMT. Prices hit a...Reuters
Wed, Mar 19
TABLE-UAE's Fujairah oil inventory data for week ended March 17
March 19 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended March 17, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change fr...Reuters
Wed, Mar 19
Japan gas industry head says higher US LNG imports must be mutually beneficial
TOKYO, March 19 (Reuters) - Higher imports of U.S. liquefied natural gas would enhance Japan's supply stability and energy security, but they must be pursued in a mutually beneficial manner for both parties, the head of Japan's gas industry group said on Wednesday. U.S. President Donald ...Reuters
Wed, Mar 19
Trump to clear Venture Global LNG exports from stalled Louisiana project, Bloomberg News reports
March 19 (Reuters) - U.S. President Donald Trump's administration is set to grant Venture Global LNG Inc. conditional approval to export natural gas from a proposed Louisiana facility, which had faced delays under former President Joe Biden, Bloomberg News reported on Wednesday.Reuters
Wed, Mar 19
