News
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CANADA-CRUDE-Discount on Western Canada Select heavy crude widens
March 17 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 widened on Monday.* WCS for April delivery in Hardisty, Alberta, settled at $10.65 a barrel under WTI, according to brokerage CalRock, after having ...Reuters
Mon, Mar 17
Steel Dynamics forecasts first-quarter profit below estimate amid falling steel prices
March 17 (Reuters) - Steel Dynamics STLD.O forecast its first-quarter earnings below Wall Street estimates on Monday, as declining steel prices continue to weigh on margins of its steel-making segments.The Fort Wayne, Indiana-based company expects its first-quarter earnings to be between $1.36 and $...Reuters
Mon, Mar 17
LIVESTOCK-CME cattle futures rise on hopes for China demand
By Renee Hickman CHICAGO, March 17 (Reuters) - Chicago Mercantile Exchange cattle and hog futures firmed on expectations of stronger demand from China on Monday, according to analysts, as the world's second largest economy launched another economic stimulus plan. CME June live cattle LCM25 s...Reuters
Mon, Mar 17
Venezuela's PDVSA to produce, refine and export crude previously handled by Chevron, document says
March 17 (Reuters) - Venezuela's state-run PDVSA has put together three operational scenarios as part of plan to continue producing and exporting heavy oil at the largest joint venture with Chevron in the country once a license to the U.S. major expires next month, according to a company documen...Reuters
Mon, Mar 17
US releases $57 million in financing to help reopen Michigan reactor
By Timothy Gardner WASHINGTON, March 17 (Reuters) - The U.S. Department of Energy said on Monday it has disbursed $57 million of an up to $1.52 billion loan guarantee for Holtec's Palisades nuclear plant in Michigan, which the company hopes will be the first U.S. commercial reactor to restart...Reuters
Mon, Mar 17
GRAINS-Wheat climbs on fears of wind damage to US crop
Chicago wheat rises on crop damage following wind stormsSmaller Russian exports, weaker dollar also lend support to wheatSoybeans fall on lower than expected crush numbersBy Renee Hickman CHICAGO, March 17 (Reuters) - Chicago wheat futures surged on Monday as wind storms in U.S. grain belts cause...Reuters
Mon, Mar 17
Trump vows to hold Iran responsible for Houthi attacks
US carries out new airstrikes on Yemen, Al Masirah TV saysUS responds to Houthis' threats to international shippingNew wave of airstrikes began on SaturdayHouthi-run health ministry says at least 53 killedIsraeli airstrike kills three people in Gaza, medics sayBy Idrees Ali, Phil Stewart and Moh...Reuters
Mon, Mar 17
CBOT rallies on worries about U.S. crop damage
CHICAGO, March 17 (Reuters) - Chicago Board of Trade wheat futures rose on Monday after a windy, stormy weekend in the U.S. wheat belt caused concerns about crop damage, analysts said. CBOT May soft red winter wheat WK25 settled up 11-1/2 cents to $5.68-1/2 a bushel.K.C. May hard red winter wheat K...Reuters
Mon, Mar 17
CBOT corn gains ground on export strength
CHICAGO, March 17 (Reuters) - Chicago Board of Trade corn futures finished higher on Monday on strong export numbers and a weaker dollar, according to analysts. CBOT May corn CK25 settled up 2-1/2 cents to $4.61 a bushel.The U.S. Department of Agriculture on Monday reported export inspections of cor...Reuters
Mon, Mar 17
ICE canola futures rebound on Monday after a down week
WINNIPEG, Manitoba - March 17 (Reuters) - ICE canola futures rose on Monday, as traders emerged from last week's gloom.• May canola RSK5 settled up $8.80 at $569.30 per metric ton. On March 7 it closed at $645 before new tariffs from China and continued threats from the U.S. Trump administration...Reuters
Mon, Mar 17
US releases $57 million in financing to help reopen Michigan reactor
By Timothy Gardner WASHINGTON, March 17 (Reuters) - The U.S. Department of Energy said on Monday it has disbursed $57 million of an up to $1.52 billion loan guarantee for Holtec's Palisades nuclear plant in Michigan, which the company hopes will be the first U.S. commercial reactor to restart...Reuters
Mon, Mar 17
US Cash Crude-Grades little changed, Mars steady at three-week lows
March 17 (Reuters) - U.S. cash crude grades were little changed on Monday, dealers said, with Mars holding steady at its lowest level in nearly three weeks. Mars Sour WTC-MRS traded at a $1 premium to U.S. West Texas Intermediate crude after surging in recent weeks on worries of a heavy crude shorta...Reuters
Mon, Mar 17
CBOT soybeans tick down on crush data
CHICAGO, March 17 (Reuters) - Chicago Board of Trade soybean futures finished lower on Monday as disappointing crush numbers wiped out support provided by news of a new economic stimulus in top soybean importer China.CBOT May soybeans SK25 settled down 1/2 cent at $10.15-1/2 per bushel.CBOT May soym...Reuters
Mon, Mar 17
Oil prices tick up on US attack on Houthis, China economic hopes
US vows to hit Houthis until shipping attacks stop China retail sales pick up China's crude oil throughput rose 2.1% in January, FebruaryTrump to speak to Putin on Tuesday about Ukraine war By Arathy Somasekhar HOUSTON, March 17 (Reuters) - Oil prices rose slightly on Monday after the United ...Reuters
Mon, Mar 17
US natgas prices slide 2% to 2-week low on record output, Waha turns negative
Spot gas prices at Waha Hub in Texas turn negativeUS gas output on track to hit record high in March US LNG export feed gas on track to hit record high in MarchBy Scott DiSavinoMarch 17 (Reuters) - U.S. natural gas futures slid about 2% to a two-week low on Monday on record output, negative spot pri...Reuters
Mon, Mar 17
Only one tank containing jet fuel damaged in ship crash off Britain
By Sam Tabahriti LONDON, March 17 (Reuters) - Only one tank filled with jet fuel was damaged after the U.S. military-contracted tanker that was transporting a shipment was struck by a cargo ship off England's northeast coast, U.S. logistics firm Crowley said.The tanker, Stena Immaculate, whic...Reuters
Mon, Mar 17
Med crude-Urals diffs stable, Azeri BTC down on offer
MOSCOW, March 17 (Reuters) - Urals crude differentials kept stable on Monday, while Azeri BTC eased on offer in the afternoon trading window, market sources said. U.S. President Donald Trump said he plans to speak to Russian President Vladimir Putin on Tuesday and discuss ending the war in Ukraine, ...Reuters
Mon, Mar 17
Europe Gasoline/Naphtha-Gasoline margins edge lower
LONDON, March 17 (Reuters) - Northwest European gasoline refining profit margins fell by a marginal 25 cents a barrel on Monday to $5.42, as high inventories weigh on margins. A total of 4,000 metric tons of E5 gasoline barges traded, as Vitol sold to TotalEnergies.Another 5,500 tons of Eurobob E10 ...Reuters
Mon, Mar 17
