News
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PRESS DIGEST- Financial Times - March 13
March 13 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Intel appoints new chief after abrupt exit of Pat Gelsinger- Starmer to target 'cottage industry of blockers' in overhaul of ...Reuters
Thu, Mar 13
PRECIOUS-Gold firms as tariff uncertainty, cooler inflation data lend support
March 13 (Reuters) - Gold prices edged higher on Thursday as uncertainty over tariffs persisted, driving safe-haven demand, while a cooler-than-expected U.S. inflation print also supported bullion by strengthening expectations of rate cuts. FUNDAMENTALS* Spot gold XAU= was up 0.2% at $2,938.24 a...Reuters
Thu, Mar 13
JPMorgan holds 5% stake in mining major Rio Tinto for clients
March 13 (Reuters) - JPMorgan Chase JPM.N holds a 5.36% stake in Australia's mining conglomerate Rio Tinto RIO.AX for the bank's clients, an exchange filing to the local bourse showed on Thursday.Last week, the Anglo-Australian mining giant completed its $6.7 billion acquisition of the U.S.-...Reuters
Thu, Mar 13
GRAINS-Corn loses more ground on US inventories, trade war
SINGAPORE, March 13 (Reuters) - Chicago corn futures slid for a third consecutive session on Thursday, with prices under pressure from a U.S. report showing higher stockpiles and the latest U.S. tariffs fuelled concerns about further trade disruptions. Soybeans rose for the first time in five sessio...Reuters
Thu, Mar 13
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, March 13 (Reuters) - Contract Target Support/Resistance Brent oil $71.31/$71.88sup $70.61/$70.13/$69.48Palm oil (3rd month)4,420/4,354 ringgitres 4,525/4,572 ringgitWTI* $68.30sup $67.16/$66.45Spot gold$2,956sup $2,927/$2,909LME copper (3rd month)...Reuters
Thu, Mar 13
Delek Big Spring, Texas Refinery Reports Equipment Malfunction
March 12 (Reuters) - DELEK: REPORTS EQUIPMENT MALFUNCTION RESULTING IN EXCEEDING THE CO 5000LB/24HR AND THE SO2 500 LB/24HR REPORTABLE QUANTITY LIMITS AT BIG SPRING, TEXAS REFINERYSAYS UNIT OPERATIONS WILL BE ADJUSTED TO MINIMIZE EMISSIONS TO THE BEST EXTENT POSSIBLE AT BIG SPRING, TEXAS REFINERYREF...Reuters
Wed, Mar 12
CERAWEEK-Next-generation nuclear company TerraPower eyes Texas expansion
By Laila KearneyHOUSTON, March 12 (Reuters) - TerraPower, the new nuclear power company backed by Bill Gates, is interested in expanding into Texas, an executive said at the CERAWeek energy conference in Houston on Wednesday.TerraPower began construction of its first small modular reactor in Wyoming...Reuters
Wed, Mar 12
CIF/FOB Gulf Grain-Soybean barge bids tick lower; corn basis steady
CHICAGO, March 12 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals inched lower on Wednesday after firming earlier this week while the basis for corn barges held steady, traders said.* Some brokers attributed underlying support in Gulf CIF basis values to shippers se...Reuters
Wed, Mar 12
CERAWEEK-Cheniere to use electricity to cut emissions from LNG production
HOUSTON, March 12 (Reuters) - Top U.S. liquefied natural gas producer Cheniere LNG.N plans on using electricity from the Texas grid at some of its LNG facilities, Robert Fee, the company's vice president of international affairs and climate, said on Wednesday, a move that he said could reduce em...Reuters
Wed, Mar 12
Scaffolding collapse injures workers at Chevron Texas refinery
By Erwin SebaHOUSTON, March 12 (Reuters) - A scaffolding collapse on Wednesday at Chevron's CVX.N Pasadena, Texas, refinery injured three workers, a Chevron spokesperson said in a statement. One of the three contract workers was flown by helicopter to a Houston-area hospital due to the severity ...Reuters
Wed, Mar 12
Trump moves to unwind over two dozen US air, water regulations
Barrage of regulatory rollbacks aim to carry out Trump's energy dominance agendaEnvironmental groups warn about impact on public health, vow legal challengesIndustry groups support EPA focus on deregulationBy Valerie Volcovici WASHINGTON, March 12 (Reuters) - The Trump administration announce...Reuters
Wed, Mar 12
Rio Tinto And Edify Energy Sign Agreement For Gladstone Operations
March 13 (Reuters) - Rio Tinto Ltd RIO.AX:RIO TINTO AND EDIFY ENERGY SIGN LANDMARK SOLAR AND BATTERY AGREEMENT FOR RIO TINTO’S GLADSTONE OPERATIONSWILL PURCHASE 90% OF POWER AND BATTERY STORAGE CAPACITY GENERATED BY SMOKY CREEK & GUTHRIE'S GAP SOLAR POWER STATIONSEDIFY ENERGY WILL BUILD, OWN...Reuters
Wed, Mar 12
Scaffolding collapse injures workers at Chevron Texas refinery -sources
HOUSTON, March 12 (Reuters) - A scaffolding collapse on Wednesday at Chevron Corp's CVX.N Pasadena, Texas, refinery injured three workers, people familiar with plant operations said. One of the three contract workers was flown by helicopter to a Houston-area hospital due to the severity of injur...Reuters
Wed, Mar 12
LIVESTOCK-CME cattle futures rise on stronger cash market
By Heather SchlitzCHICAGO, March 12 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures ticked up on Wednesday on a stronger cash market, which was driven by higher boxed beef values and feeder auction sales, analysts said. However, recession fears have continued to loom amid U.S....Reuters
Wed, Mar 12
Trump administration plans to give dirty US coal plants a reprieve on soot
Plan aligns with Trump's executive orders on energy reliabilityRollback benefits dirtiest coal plants, like Colstrip in MontanaComplying with Biden-era rules would cost Colstrip an estimated $350 million to $665 millionBy Tim McLaughlin March 12 (Reuters) - President Donald Trump's admini...Reuters
Wed, Mar 12
Judge questions Trump administration claw back of $20 billion climate fund
Biden-era program aimed at funding greenhouse gas reduction projectsJudge demands evidence of waste, fraud and abuseAdvocacy group sued to block moveBy Valerie Volcovici and Andrew Goudsward WASHINGTON, March 12 (Reuters) - A U.S. judge on Wednesday pressed President Donald Trump's admini...Reuters
Wed, Mar 12
CERAWEEK-Venezuela's opposition drafts energy reform to raise foreign pressure on Maduro
Opposition sweetens previous energy reform proposalPlan includes shrinking PDVSA, offering assets to foreign firmsProposal aims to boost oil output above 3 million bpdBy Marianna Parraga HOUSTON, March 12 (Reuters) - Venezuela's opposition has drafted a broad proposal for energy sector reform...Reuters
Wed, Mar 12
CANADA-CRUDE-Discount on Western Canada Select heavy crude narrows
March 12 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 narrowed on Wednesday.* WCS for April delivery in Hardisty, Alberta, settled at $10.90 a barrel under WTI, according to brokerage CalRock, after hav...Reuters
Wed, Mar 12
