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Oil settles down more than 1% on tariff worry, supply-demand expectations
Macroeconomic concerns stemming from tariffs persistIEA report sees supply exceeding demand in 2025Putin backs US ceasefire idea for Ukraine, says details must be sorted outBy Amanda Stephenson and Paul Carsten CALGARY, March 13 (Reuters) - Oil prices fell over 1% on Thursday as markets weighed m...Reuters
Thu, Mar 13
US Plains HRW Wheat-Basis bids stable, futures hit two-week high
CHICAGO, March 13 (Reuters) - Spot basis bids for hard red winter wheat held steady on Thursday in the U.S. southern Plains, dealers said, as futures prices jumped to a two-week high.* U.S. wheat export sales for 2024-25 were 783,416 metric tons in the week ended on March 6, up 83% from the prior fo...Reuters
Thu, Mar 13
US importers and retailers of EU wine warn of closures, layoffs from tariffs
Donald Trump threatens to slap 200% tariff on European wineU.S. importers say they would have to foot the bill Retailers fear consumers would not accept higher prices By Emma Rumney LONDON, March 13 (Reuters) - U.S. importers, distributors and retailers selling French champagne and Italian wines ...Reuters
Thu, Mar 13
US farmers sue Trump administration for withheld IRA funds
By Leah Douglas March 13 (Reuters) - Several U.S. farmers and non-profit organizations filed a lawsuit against the Trump administration on Thursday, arguing it is illegally withholding Department of Agriculture grants funded by the Inflation Reduction Act.The USDA has frozen a broad swath of gran...Reuters
Thu, Mar 13
US senators to urge USDA to reinstate canceled local food programs
Senators say in letter cancellations would harm farmersCanceled programs have spent $2 billion on local food buying for schools, food banksAgriculture secretary has called programs 'nonessential'By Leah Douglas March 13 (Reuters) - Democrats in the U.S. Senate will ask the Department of A...Reuters
Thu, Mar 13
CERAWEEK-Data center build-out stokes fears of overburdening biggest US grid
By Laila KearneyHOUSTON, March 13 (Reuters) - The rapid development of AI data centers is intensifying concerns about how well an aging U.S. electrical grid can hold up to that demand, energy executives and regulators said at the CERAWeek conference in Houston this week.The build-out of Big Tech'...Reuters
Thu, Mar 13
Europe Gasoline/Naphtha-Gasoline margins jump on lower stocks
LONDON, March 13 (Reuters) - Northwest European gasoline refining profit margins rose sharply by $3 a barrel on Thursday to $7.23 a barrel, supported by lower regional inventories. Four barges of E5 gasoline barges traded, as Trafigura and Sahara sold to TotalEnergies and Varo.A further 3,000 metri...Reuters
Thu, Mar 13
CERAWEEK-PJM seeing generator retirements being rescinded, CEO says
HOUSTON, March 13 (Reuters) - Grid operator PJM is seeing notices to retire power generation rescinded, CEO Manu Asthana said on Thursday at the CERAWeek energy conference, as electricity demand in the region rises.Reuters
Thu, Mar 13
METALS-Copper pulls back from five-month high on global growth worries
By Eric Onstad LONDON, March 13 (Reuters) - Benchmark copper prices in London retreated from five-month highs on Thursday as worries about global growth dulled the impact of U.S. tariffs inflating metals prices, while tin prices spiked to a 32-month peak after a mine in Congo closed.Three-month c...Reuters
Thu, Mar 13
CORRECTED-CERAWEEK-Texas LNG aims to make final investment decision by December
HOUSTON, March 12 (Reuters) - Glenfarne Energy Transition expects to make a final investment decision on its Texas LNG project by December, CEO Brendan Duval said on Wednesday.Glenfarne Energy is developing the 4 million metric tonnes per annum (MTPA) liquefied natural gas (LNG) plant in Brownsville...Reuters
Thu, Mar 13
EXCLUSIVE-Qatar to provide gas to Syria via Jordan with a US nod, sources say
Syria suffers from power shortages, grid damageNew rulers' would-be backers uncertain over sanctions waiverApproval also given for power supply from Jordan, sources sayQatar was major supporter of rebels who fought AssadBy Timour Azhari and Andrew Mills BEIRUT, March 13 (Reuters) - Qatar is ...Reuters
Thu, Mar 13
US imposes sanctions on Iranian oil minister, shadow fleet
By Doina Chiacu and Timothy Gardner WASHINGTON, March 13 (Reuters) - The United States imposed sanctions on Thursday on Iran's Oil Minister Mohsen Paknejad and some Hong Kong-flagged vessels that are part of a shadow fleet that helps disguise Iranian oil shipments, the Treasury Department sai...Reuters
Thu, Mar 13
Canada initiates WTO dispute complaint on US steel, aluminium duties
BERLIN, March 13 (Reuters) - Canada has requested WTO dispute consultations with the U.S. over its imposition of import duties on certain steel and aluminium products from Canada, the trade body said on Thursday. The request was circulated to World Trade Organization members on Thursday, it said.Can...Reuters
Thu, Mar 13
Argentina plans to tender next week for 5-6 LNG cargoes for winter, source says
By Eliana Raszewski BUENOS AIRES, March 13 (Reuters) - Argentina will launch a tender process for five to six liquefied natural gas (LNG) cargoes next week to satisfy gas demand during the upcoming southern hemisphere winter, a government source said on Thursday. "Work is underway to launch t...Reuters
Thu, Mar 13
China shipowners group says US port fee proposal breaks WTO rules, US law
By Lisa Baertlein LOS ANGELES, March 13 (Reuters) - The China Shipowners' Association opposes a U.S. proposal to slap hefty port entry fees on ocean cargo carriers that own or have ordered vessels from China, saying it violates international rules and U.S. laws, according to a statement seen ...Reuters
Thu, Mar 13
US Cash Grains-Corn basis bids rise at some elevators, processors
CHICAGO, March 13 (Reuters) - Spot basis bids for U.S. corn were stronger at some elevators and processors in the Midwest on Thursday, dealers said. * Grain buyers are raising bids to incentivize farmers to increase crop sales, dealers said, after growers resisted sales as they wait for higher price...Reuters
Thu, Mar 13
Trump trade war favors Brazil's agribusiness, grain company SLC says
SAO PAULO, March 13 (Reuters) - The trade war initiated by U.S. President Donald Trump, which led countries including China to retaliate against tariffs implemented by his administration, is favorable to Brazil, the CEO of agribusiness firm SLC Agricola SLCE3.SA said on Thursday."The trade war c...Reuters
Thu, Mar 13
Trump says a US government shutdown would delay his planned tax bill
WASHINGTON, March 13 (Reuters) - President Donald Trump said on Thursday a potential U.S. government shutdown would lead to higher taxes for Americans because it would stall his tax cut plan.The Republican-controlled House of Representatives has passed a stopgap spending bill to keep the government ...Reuters
Thu, Mar 13
Mexico's Ebrard says government is in 'intensive' talks with US ahead of tariff deadline
MEXICO CITY, March 13 (Reuters) - Mexico's Economy Minister Marcelo Ebrard said on Thursday his government was having intensive talks with the United States over Washington's threats to impose tariffs on goods from its No. 1 trade partner by April 2.The United States has repeatedly threatene...Reuters
Thu, Mar 13
