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US Commerce chief says nothing will stop metals tariffs, will add copper protections
WASHINGTON, March 12 (Reuters) - U.S. Commerce Secretary Howard Lutnick said nothing would stop President Donald Trump's expanded 25% tariffs on steel and aluminum until U.S. domestic production is strengthened, and that Trump will add copper to his trade protections.Lutnick also told Fox Busine...Reuters
Wed, Mar 12
CORRECTED-US Commerce chief says nothing will stop metals tariffs, will add copper protections
WASHINGTON, March 12 (Reuters) - U.S. Commerce Secretary Howard Lutnick said nothing would stop President Donald Trump's expanded 25% tariffs on steel and aluminum until U.S. domestic production is strengthened, and that Trump will add copper to his trade protections.Lutnick also told Fox Busine...Reuters
Wed, Mar 12
EXPLAINER-Can Trump 'take back' the Panama Canal?
By Jack Queen March 12 (Reuters) - Donald Trump has said repeatedly that he wants to “take back” the Panama Canal but has not offered specifics about how he would do so. Here is an explanation of the history and laws governing the critical waterway. WHY IS THE PANAMA CANAL IMPORTANT? The Pana...Reuters
Wed, Mar 12
US natural gas prices fall more than 5% on record output, milder weather outlook
Record production levels contribute to price dropMilder weather predicted for next two weeksCanadian gas exports to US decline post-tariffsBy Anmol Choubey March 12 (Reuters) - U.S. natural gas futures fell more than 5% on Wednesday, driven by record production levels and predictions of milder we...Reuters
Wed, Mar 12
CERAWEEK-Oil prices under $60 a barrel would hit small producers, Occidental Petroleum exec says
By Arathy SomasekharMarch 12 (Reuters) - Smaller producers will likely pull back on activity if oil prices fall below $60 a barrel, Fred Forthuber, president of OXY Energy Services, said on Wednesday. U.S. crude futures are currently trading around $67.40 a barrel CLc1.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
Rubio says G7 won't discuss US 'takeover' of Canada
By Daphne PsaledakisSHANNON, Ireland, March 12 (Reuters) - U.S. Secretary of State Marco Rubio on Wednesday said the issue of how the United States is going to "take over Canada" will not be discussed at a gathering of G7 foreign ministers due to take place in Canada on Thursday.The foreign ...Reuters
Wed, Mar 12
CERAWEEK-NextEra mulls doubling $20 billion investment in Texas in next few years
By Laila KearneyHOUSTON, March 12 (Reuters) - NextEra Energy NEE.N is considering doubling its $20 billion investment in Texas in the next few years, an executive with the company's renewables arm said on Wednesday.U.S. power demand is being driven to record highs as Big Tech's data centers ...Reuters
Wed, Mar 12
UK favours pragmatism over tit-for-tat tariffs, but all options open
PM Starmer says he will keep all options on the tableUK had hoped for an exemption, now targets trade dealUnited States is UK's second biggest steel export marketBy Kate Holton LONDON, March 12 (Reuters) - Britain did not immediately retaliate to U.S. President Donald Trump's tariffs on s...Reuters
Wed, Mar 12
CERAWEEK-Cheniere considering electrification to cut emissions from LNG
HOUSTON, March 12 (Reuters) - Cheniere LNG.N is considering using electric drivers in its LNG production facilities where appropriate to reduce emissions, Robert Fee, the company's senior vice president of international affairs and climate, said on Wednesday.Fee, speaking at the CERAWeek energy ...Reuters
Wed, Mar 12
CBOT Trends-Wheat down 2-4 cents a bushel, corn and soy down 8-10 cents
CHICAGO, March 12 (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 Wednesday. WHEAT - Down 2 to 4 cents per bushel* Wheat futures extend a setback after the most-active contract Wv1 on ...Reuters
Wed, Mar 12
Greenland votes for pro-business, independence parties as Trump interest looms
Pro-business Demokraatit Party get most votesParty favours gradual independence, economic reformsTrump says he wants Greenland to be part of USIsland has vast mineral resources, including rare earthsBy Jacob Gronholt-Pedersen and Tom Little NUUK, Greenland, March 12 (Reuters) - Greenland's pr...Reuters
Wed, Mar 12
GRAINS-Chicago grains slip again as USDA data, trade worries weigh
Corn, wheat, soybeans extend lossesUSDA raised U.S. wheat stocks outlook, kept corn unchangedU.S. tariffs and EU riposte add to doubts over U.S. exportsBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, March 12 (Reuters) - Chicago corn, wheat and soybeans extended losses on Wednesday after a gov...Reuters
Wed, Mar 12
Ecuador says upfront payment needed for Sacha oil deal not made
By Alexandra Valencia QUITO, March 12 (Reuters) - The deadline for a Chinese-Canadian consortium to pay a $1.5 billion upfront payment to Ecuador in order to develop the country's most productive oil block has passed, the energy minister said on Wednesday, seemingly scuppering the deal.Presid...Reuters
Wed, Mar 12
U.S. nuclear power plant outages
March 12 (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 Total...Reuters
Wed, Mar 12
CERAWEEK-NextEra considering doubling $20 billion investment in Texas in next few years, executive says
HOUSTON, March 12 (Reuters) - Major U.S. power company NextEra Energy NEE.N is considering doubling its $20 billion investment in Texas in the next few years, an executive with the company's renewables arm said at the CERAWeek energy conference in Houston on Wednesday."Everything is happenin...Reuters
Wed, Mar 12
UK power group Drax not in breach of sustainability obligations, says Ofgem
By Susanna Twidale LONDON, March 12 - British energy regulator Ofgem said on Wednesday that it had not found evidence of a breach of sustainability obligations by power company Drax DRX.L, in the watchdog's review of reports prepared by auditor KPMG. Renewable power generators in Britain can ...Reuters
Wed, Mar 12
German nuclear fusion startup envisages test plant by 2031
Proxima Fusions targets test plant by 2031Has collected $65 million to fund next stepsGovernment-in-waiting supports the technologyEurope competes with US, ChinaBy Jörn Poltz MUNICH, March 12 (Reuters) - Proxima Fusion, a Munich-based nuclear fusion technology company, aims to start a test reacto...Reuters
Wed, Mar 12
Iran says UAE's Gargash will deliver Trump's letter to Tehran
DUBAI, March 12 (Reuters) - Anwar Gargash, the diplomatic adviser to the UAE's president, will deliver a letter from U.S. President Donald Trump to Tehran, Iran's state media quoted Iranian Foreign Ministry spokesperson Esmaeil Baghaei as saying on Wednesday.Reuters
Wed, Mar 12
Ecuador says Sacha oil field upfront payment not made
QUITO, March 12 (Reuters) - The deadline for a Chinese-Canadian consortium to pay a $1.5 billion upfront payment to Ecuador in order to develop the country's most productive oil block has passed, the energy minister said on Wednesday.President Daniel Noboa, who is seeking reelection in April, ha...Reuters
Wed, Mar 12
