News
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New Austria government targets lower energy costs and industrial revamp
VIENNA, March 18 (Reuters) - Austria's new three-party ruling coalition said on Tuesday it planned to overhaul the country's energy market to bring down costs for consumers and to develop an industrial strategy to lift weak economic growth.In its inaugural working retreat, ministers from the...Reuters
Tue, Mar 18
Trump, Putin have been on phone since 10 a.m. ET, call ongoing
WASHINGTON, March 18 (Reuters) - U.S. President Donald Trump and Russia's Vladimir Putin have been on the phone since 10 a.m. ET (1400 GMT), a White House official said on Tuesday."The call is going well, and still in progress," Dan Scavino, White House deputy chief of staff, wrote in a ...Reuters
Tue, Mar 18
U.S. nuclear power plant outages
March 18 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Tota...Reuters
Tue, Mar 18
TREASURIES-US yields steady as economic optimism improves
By Karen Brettell March 18 (Reuters) - Longer-dated U.S. Treasury yields were steady on Tuesday after earlier rising on optimism that the outlook for the U.S. economy may not be as bad as recently feared, though concerns about the impact of trade tariffs kept investors cautious."Sentiment see...Reuters
Tue, Mar 18
CME Group to launch spring wheat futures and options on April 14
CHICAGO, March 18 (Reuters) - CME Group CME.O on Tuesday set a launch date of April 14 for its hard red spring wheat futures and options contracts, pending regulatory review.The contracts will compete directly with a historic Minneapolis spring wheat market 0#MWE: now owned by Miami International Ho...Reuters
Tue, Mar 18
Countries can avoid Trump's April tariffs by cutting trade barriers, Bessent says
WASHINGTON, March 18 (Reuters) - The Trump administration on April 2 will give trading partner countries a proposed U.S. tariff rate based on their own rates, non-tariff trade barriers and other factors -- along with an opportunity to negotiate to avoid a "tariff wall," U.S. Treasury Secreta...Reuters
Tue, Mar 18
Ivory Coast's mid-crop cocoa output expected to drop around 40% due to long drought, exporters say
ABIDJAN, March 18 (Reuters) - Ivory Coast's cocoa mid-crop output is expected to drop around 40% this season after an unusually long dry season and limited, patchy rainfall hit crops in the main production regions, exporters and pod counters said. Farmers have said rains were scattered and irreg...Reuters
Tue, Mar 18
Kazakhstan removes energy minister amid tensions with OPEC+, oil majors
Kazakhstan wants to convince oil majors to cut outputCountry's oil output exceeds OPEC+ targetFormer minister moved to newly created nuclear agencyBy Mariya Gordeyeva and Olesya Astakhova ALMATY, March 18 (Reuters) - Kazakhstan's energy minister will stand down from his role, the country&...Reuters
Tue, Mar 18
Commerce chief seeks industry help to prevent China from getting US chips
By David ShepardsonWASHINGTON, March 18 (Reuters) - Commerce Secretary Howard Lutnick said Tuesday the Trump administration is seeking help from companies and foreign governments to prevent China from getting U.S. chips, and reiterated his belief Chinese AI company DeepSeek improperly used American ...Reuters
Tue, Mar 18
CME Group to launch spring wheat futures and options on April 14
CHICAGO, March 18 (Reuters) - CME Group CME.O said on Tuesday that it will launch spring wheat futures and options contracts on April 14, pending regulatory review.The futures contract will be sized at 5,000 bushels and quoted in U.S. cents per bushel. Futures will be physically delivered using ship...Reuters
Tue, Mar 18
FACTBOX-HSBC forecasts surplus oil in 2025, 2026 on strong supply, sluggish demand growth
March 18 (Reuters) - HSBC expects the oil market to be in a surplus in 2025 and 2026 due to strong supply and sluggish demand growth, the bank said in a note on Tuesday.The bank said that it expects a surplus of 200,000 barrels per day this year, revising its a previous forecast of a balanced market...Reuters
Tue, Mar 18
Partners Group to buy California energy assets for $2.2 billion
March 18 (Reuters) - Swiss private equity firm Partners Group will buy an energy asset management platform and certain gas-fired power plants in California from U.S.-based Avenue Capital Group for $2.2 billion, the companies said on Tuesday. U.S. power consumption is expected to hit re...Reuters
Tue, Mar 18
Volt enters ports and terminals with AIG's Haines
By Michael JonesMarch 18 - (The Insurer) - MGA Volt Underwriting has launched into the ports, terminals and logistics market, with Chris Haines appointed to lead the entry.The launch has continued recent expansions in the ports and terminals market, which included Pen Underwriting'sentry into th...Reuters
Tue, Mar 18
Commerce chief seeks industry help to prevent China from getting US chips
WASHINGTON, March 18 (Reuters) - Commerce Secretary Howard Lutnick said Tuesday the Trump administration is seeking help from companies and foreign governments to prevent China from getting U.S. chips, and reiterated his belief Chinese AI company DeepSeek improperly used American chips."People t...Reuters
Tue, Mar 18
CPC pipeline maintains normal oil transit in March, Transneft CEO says
MOSCOW, March 18 (Reuters) - Oil flows via the Caspian Pipeline Consortium (CPC) pipeline in March continued as normal, with no drop in volumes, Russian oil pipeline monopoly Transneft TRNF_p.MM CEO Nikolai Tokarev said on Tuesday.On Monday, the CPC reported that it had transported 13.5 million metr...Reuters
Tue, Mar 18
LyondellBasell, Covestro to permanently close Netherlands unit
March 18 (Reuters) - LyondellBasell LYB.N said on Tuesday the chemical firm and Covestro have decided to permanently close the Propylene Oxide Styrene and Monomer production unit at the Maasvlakte site in the Netherlands.The chemical industry has been grappling with weak demand and high input costs ...Reuters
Tue, Mar 18
CBOT Trends-Wheat up 1-3 cents, soybeans steady-up 2, corn mixed
CHICAGO, March 18 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday. WHEAT - Up 1 to 3 cents a bushel* Wheat futures higher on declining U.S. Plains crop conditions and concerns ...Reuters
Tue, Mar 18
US natgas prices edge up on record flows to LNG export plants, cooler forecasts
US gas output on track to hit record high in March US LNG export feedgas on track to hit record high in MarchBy Scott DiSavinoMarch 18 (Reuters) - U.S. natural gas futures edged up about 1% on Tuesday on record gas flows to liquefied natural gas (LNG) export plants, a drop in daily output and foreca...Reuters
Tue, Mar 18
CME Group to launch European rapeseed oil futures
PARIS, March 18 (Reuters) - Financial markets operator CME Group CME.O said on Tuesday that it plans to launch cash-settled futures for European rapeseed oil next month, using an Argus Media index for Dutch prices.The new product will start trading on April 28, subject to regulatory approval, throug...Reuters
Tue, Mar 18
