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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
North America coffee industry seeks answers amid trade war
Trade war could impact coffee operations across North AmericaIndustry fears potential tariffs on South American coffee importsCompanies have roasting, packaging, trading bases in U.S. and CanadaBy Marcelo Teixeira NEW YORK, March 12 (Reuters) - North American coffee market participants are seekin...Reuters
Wed, Mar 12
EXCLUSIVE-US food giants PepsiCo, Conagra seek to exempt some imports from tariffs, trade group says
NEW YORK, March 12 (Reuters) - Major packaged food makers including Quaker Oats and Folgers coffee asked U.S. President Donald J. Trump for targeted exemptions from tariffs on imports like cocoa and fruit, according to a letter seen by Reuters.
Reuters
Wed, Mar 12
CERAWEEK-US wind and solar still have room to grow for data centers, Microsoft VP says
By Laila Kearney HOUSTON, March 12 (Reuters) - U.S. wind and solar development still has significant room for expansion to power data centers, particularly in the Midwest wind corridor and sunny southwest, Microsoft Vice President of Energy Bobby Hollis told Reuters at the CERAWeek energy confere...Reuters
Wed, Mar 12
CERAWEEK-US oil executives to meet with Trump next week
By Jarrett Renshaw and Ron BoussoHOUSTON, March 12 (Reuters) - U.S. oil producers will meet with President Donald Trump next week, leading industry group the American Petroleum Institute said on Wednesday.Among the topics for discussion are tariffs, trade and exports of liquefied natural gas, an ind...Reuters
Wed, Mar 12
US Cash Crude-Crude grades sticks to range as Trump threatens further tariffs
March 12 (Reuters) - U.S. cash crude grades held within a range on Wednesday, dealers said, a pattern that the market largely has stuck to since it whipsawed on the back of U.S. tariffs that went into effect against Mexico and Canada last week. While inland grades WTI Midland WTC-WTM and West Texas ...Reuters
Wed, Mar 12
CERAWEEK-Drill more, mine more on public lands, US interior secretary urges
By Timothy Gardner HOUSTON, March 12 (Reuters) - U.S. Interior Secretary Doug Burgum told a packed room of energy executives on Wednesday that he wants their industries to ramp up drilling and mining on America's public lands, telling the crowd: "We love you!".Burgum's comment...Reuters
Wed, Mar 12
Canada seeking formal consultations with US regarding steel, aluminum tariffs
WASHINGTON, March 12 (Reuters) - Canada is seeking formal consultations with the United States regarding tariffs on steel and aluminum, Canadian trade minister Mary Ng said in a statement on Wednesday, in which she also expressed Ottawa's disappointment with Washington.Reuters
Wed, Mar 12
CERAWEEK-US wind and solar development still has much room to grow for data centers, Microsoft executive says
NEW YORK, March 12 (Reuters) - U.S. wind and solar development still has significant room for expansion to power data centers, particularly in the Midwest wind corridor and sunny southwest, Microsoft VP of Energy Bobby Hollis told Reuters at the CERAWeek energy conference in Houston on Wednesday.The...Reuters
Wed, Mar 12
CERAWEEK-AI, LNG demand to keep US natgas use at record highs but bottlenecks threaten
Record natgas demand since nearly 2010 seen extending to 2025, 2026Power costs up 35% in past 4 years amid lack of gas pipeline capacity -EQTUS LNG capacity will almost double over the next few yearsNextEra sees 55% jump in power demand in next 20 yrs, 17% of that from AIBy Georgina McCartney and Sc...Reuters
Wed, Mar 12
CEERAWEEK-US oil executives to meet with Trump next week
By Jarrett Renshaw and Ron BoussoHOUSTON, March 12 (Reuters) - U.S. oil producers will meet with President Donald Trump next week, leading industry group the American Petroleum Institute said on Wednesday.Among the topics for discussion are tariffs, trade and exports of liquefied natural gas, an ind...Reuters
Wed, Mar 12
CERAWEEK-ANALYSIS-AI to fuel bumper year for M&A in US power sector
Record power demand drives US power sector M&A surgeHappening even amid market uncertainty, wider slowdown in dealsTake-privates, business unit stake sales, single power plant acquisitions among possible transactionsPrivate equity firms eye lucrative exits amid power deal fervorBy David French, ...Reuters
Wed, Mar 12
Trump administration takes aim at Biden electric vehicle rules
By David Shepardson WASHINGTON, March 12 (Reuters) - The U.S. Environmental Protection Agency said on Wednesday it is starting efforts to reverse the Biden administration's vehicle emissions rules that would force automakers to build a rising number of electric vehicles.The action is the late...Reuters
Wed, Mar 12
North America coffee industry seeks answers amid trade war
Trade war could impact coffee operations across U.S.-Canada borderIndustry fears potential tariffs on South American coffee importsCompanies have roasting, packaging, trading bases in U.S. and CanadaBy Marcelo Teixeira NEW YORK, March 12 (Reuters) - North American coffee market participants are s...Reuters
Wed, Mar 12
UK ship crash needs fully transparent investigation, says seafarers' union
LONDON, March 12 (Reuters) - A crash between a fuel tanker and a container ship off the English coast should be subject to a transparent and internationally coordinated investigation, a global seafarers' union said on Wednesday.One person is presumed dead after the Solong, a Portuguese-flagged c...Reuters
Wed, Mar 12
ICE canola futures continue fall, hitting lows
WINNIPEG, Manitoba - March 12 (Reuters) - ICE canola futures continued to tumble Wednesday, despite a farmer survey saying farmers intend to cut canola acres and boost wheat planting this spring, hitting multi-year lows.• May canola RSK5 settled down $17.60 at $573.30 per metric ton. The May and Jul...Reuters
Wed, Mar 12
