News
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UK will not respond to US steel tariffs, British official says
LONDON, March 11 (Reuters) - Britain will not impose its own tariffs in response to U.S. tariffs on steel and aluminium which are due to come into force on Wednesday, a British government official said on Tuesday.Britain was continuing to engage with the U.S. to secure an exemption, the official add...Reuters
Tue, Mar 11
CERAWEEK-Occidental Petroleum sees oil U.S. oil output peaking in next five years
DENVER, March 11 (Reuters) - U.S. oil production will peak between 2027 and 2030, Occidental Petroleum Corp OXY.N chief executive officer Vicki Hollub said on Tuesday at the CERAWeek conference in Houston, Texas.Her outlook comes as U.S. President Donald Trump has vowed to bolster fossil fuel produc...Reuters
Tue, Mar 11
Ontario premier says he will not back down till Trump's tariffs are gone
OTTAWA, March 11 (Reuters) - The premier of Ontario, who has imposed a 25% surcharge on electricity exports to the United States, on Tuesday said he would not back down until President Donald Trump's tariffs on Canadian imports were "gone for good".Doug Ford made his comments in a post o...Reuters
Tue, Mar 11
CERAWEEK-Cairn India seeks JV partner to boost oil production
By Georgina McCartneyHOUSTON, March 11 (Reuters) - Cairn India is looking to boost oil production in India to 500,000 barrels per day from 100,000 bpd within the next six to seven years with the help of a joint venture partner, the company's head of exploration said on Tuesday. Sam Algar, speaki...Reuters
Tue, Mar 11
Index funds could double record sales of agricultural futures amid recession fears, research provider says
NEW YORK, March 11 (Reuters) - Index funds, the biggest participants in the commodities markets, last week sold a record amount of agricultural futures valued at over $7 billion and could double those sales amid recession fears and falling inflation expectations. Commodities markets research provide...Reuters
Tue, Mar 11
CERAWEEK-Conoco CEO says US oil production will plateau this decade
HOUSTON, March 11 (Reuters) - ConocoPhillips COP.N CEO Ryan Lance said on Tuesday at the CERAWeek energy conference in Houston that U.S. oil production will plateau later this decade and will stay on the plateau for some time.Reuters
Tue, Mar 11
CERAWEEK-Totalenergies CEO says Europe needs CO2 pricing revamp
HOUSTON, March 11 (Reuters) - Europe needs to open a fresh debate about its carbon dioxide pricing policies to ensure they synchronize with the rest of the world, TotalEnergies CEO Patrick Pouyanné said on Tuesday at the CERAWeek energy conference in Houston.Reuters
Tue, Mar 11
US natural gas prices down over 1% on rising output, mild weather outlook
Rising output, mild weather offset higher demand outlookRecord flows to LNG export facilities continueCanadian gas exports to US drop after tariffs March 11 (Reuters) - U.S. natural gas prices slipped more than 1% on Tuesday, as rising output and forecasts for milder weather offset a higher deman...Reuters
Tue, Mar 11
Ukraine says it struck oil facilities in Russia's Moscow, Oryol regions
KYIV, March 11 (Reuters) - Ukraine said on Tuesday it had struck an oil refinery near Moscow and a facility in Russia's Oryol region that is part of the Druzhba pipeline system exporting oil to Europe. Hungarian Foreign Minister Peter Szijjarto said on Tuesday that crude oil shipment via the p...Reuters
Tue, Mar 11
CERAWEEK-UAE's XRG to make big investment in US gas- ADNOC CEO
HOUSTON, March 11 (Reuters) - The investment arm of United Arab Emirates state oil company ADNOC will make a significant investment in US gas starting in coming months, ADNOC CEO Sultan Al Jaber said on Tuesday."Over the next few months and foreseeable future you will see very large and signific...Reuters
Tue, Mar 11
Trump says he will raise tariffs on Canada metals to 50%
WASHINGTON, March 11 (Reuters) - President Donald Trump said on Tuesday he has instructed his commerce secretary to add an additional 25% tariff on all steel and aluminum coming into the United States from Canada, bringing the total tariff on those products to 50%.Reuters
Tue, Mar 11
CERAWEEK-Mexico's Pemex prioritizes refining as it diverts heavy oil away from Gulf
HOUSTON, March 11 (Reuters) - Mexico's state oil company Pemex expects to continue diverting barrels of heavy crude away from U.S. Gulf Coast refiners as its new Olmeca refinery ramps up processing, the head of the company's trading arm PMI, Margarita Perez, said on Tuesday.Pemex's decis...Reuters
Tue, Mar 11
U.S. nuclear power plant outages
March 11 (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
Tue, Mar 11
CERAWEEK-Cairn India says seeking JV partner to boost production
HOUSTON, March 11 (Reuters) - Cairn India's head of exploration said on Tuesday the company is looking to boost production to 500,000 barrels per day from 100,000 bpd within the next six to seven years with the help of a joint venture partner.Sam Algar, speaking at the CERAWeek energy conference...Reuters
Tue, Mar 11
Girl Scouts sued over alleged heavy metals, pesticides in cookies
By Jonathan Stempel NEW YORK, March 11 (Reuters) - The Girl Scouts have been sued by consumers over the alleged presence of "heavy metals" and pesticides in its popular Thin Mints and other cookies.A proposed class action was filed on Monday night in the Brooklyn, New York federal court a...Reuters
Tue, Mar 11
CERAWEEK-India ONGC says focusing investment on Middle East, Africa, Latin America
HOUSTON, March 11 (Reuters) - India's Oil and Natural Gas Corporation is focusing its investments on the Middle East, Africa and Latin America, Rajarshi Gupta, the managing director of ONGC Videsh Limited, said on Tuesday at the CERAWeek conference in Houston.Reuters
Tue, Mar 11
CERAWEEK-Mexico to keep diverting heavy oil away from Gulf as refining ramps up, Pemex's PMI says
HOUSTON, March 11 (Reuters) - Mexico's state-run Pemex will continue to divert barrels of heavy crude away from the U.S. Gulf of Mexico as its new Olmeca refinery ramps up output to reach full capacity in the coming year, the head of the company's trading arm PMI, Margarita Perez, said on Tu...Reuters
Tue, Mar 11
Three killed in biggest Ukrainian drone attack on Moscow region
At least 91 drones downed around Moscow, 343 overall in RussiaThree killed by debris at meat warehouse, 17 others injured Largest Ukrainian drone attack on Russian capitalUkraine: drones hit oil facilities in Moscow and Oryol regionsBy Guy Faulconbridge and Anton Kolodyazhnyy MOSCOW, March 11 (Re...Reuters
Tue, Mar 11
CBOT Trends-Wheat down 4-5 cents, corn up 2-3 cents, soy up 3-5 cents
CHICAGO, March 11 (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 Tuesday.NOTE: The U.S. Department of Agriculture is slated to issue monthly supply/demand data at 11 a.m. CDT. WHEAT -...Reuters
Tue, Mar 11
