News
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US natural gas prices hit more than 2-year high on record LNG exports, supply concerns
By Anmol Choubey March 10 (Reuters) - U.S. natural gas prices hit their highest level in more than two years on Monday, supported by record flows to liquefied natural gas (LNG) export facilities and supply concerns ahead of the summer season.Front-month gas futures NGc1 for April delivery on the ...Reuters
Mon, Mar 10
CBOT wheat heads higher on dryness concerns, Russian crop estimate
CHICAGO, March 10 (Reuters) - Chicago Board of Trade wheat futures closed higher on Monday, as traders are tracking dry forecasts in the U.S. wheat belt and Russia lowered its wheat crop estimate, traders said.Traders were keeping a close eye on concerns about dryness in U.S. and Russian crop belts ...Reuters
Mon, Mar 10
CBOT soybeans fall amid Chinese economy concerns, weaker oil market
CHICAGO, March 10 (Reuters) - Chicago Board of Trade soybeans turned lower on Monday, as prices were weighed down by weakness in the oil market and traders' concerns over Chinese deflation, market analysts said.CBOT May soybeans SK25 settled down 11 cents at $10.14 per bushel. Earlier in the ses...Reuters
Mon, Mar 10
CERAWEEK-Australia's Santos to hike investment in US due to pro-energy policy - CEO
By Curtis Williams HOUSTON, March 10 (Reuters) - Australian oil and gas producer Santos STO.AX will look to increase investments in the United States because of the pro-energy policies of U.S. President Donald Trump's administration, Santos CEO Kevin Gallagher said on Monday.Trump is seeking ...Reuters
Mon, Mar 10
EXCLUSIVE-After US move on Iraq-Iran power trade, Baghdad looks to replace Iranian gas
By Aref Mohammed BASRA, Iraq, March 10 (Reuters) - After the U.S. moved to block Iraq's imports of electricity from Iran, Baghdad is looking to Qatar and Oman as possible options should Washington do the same regarding their trade in gas, the boss of Iraq's South Gas Company said on Monda...Reuters
Mon, Mar 10
Europe Gasoline/Naphtha-Gasoline margins rebound from 17-month low
LONDON, March 10 (Reuters) - Northwest European gasoline refining profit margins ticked higher on Monday after falling to their lowest since October 2023 at the end of last week, LSEG data showed. Refinery profit margins rose to around $4.70 a barrel on Monday, rebounding from their 17-month low of...Reuters
Mon, Mar 10
CBOT corn ends higher ahead of USDA supply-demand report
CHICAGO, March 10 (Reuters) - Chicago Board of Trade corn futures turned higher on Monday, as market participants adjusted their positions ahead of a global supply-and-demand government report, traders said.CBOT May corn CK25 settled up 2-3/4 cents at $4.72 a bushel.The most-active corn contract on ...Reuters
Mon, Mar 10
CERAWEEK-Freeport sees $500 million annual boost if Trump declares copper as critical
HOUSTON, March 10 (Reuters) - Freeport-McMoRan FCX.N hopes U.S. President Donald Trump declares copper to be a critical mineral when he announces his plan to boost American mining, CEO Kathleen Quirk said on Monday.Trump told the U.S. Congress last week he would "take historic action to dramatic...Reuters
Mon, Mar 10
Frontera says Guyana oil license remains valid amid government cancellation notice
March 10 (Reuters) - Canadian oil producer Frontera Energy FEC.TO said on Monday that it believes its license to explore the Corentyne block off the coast of Guyana remains valid and it is assessing all legal options to assert its rights. The Guyanese government gave Frontera and CGX Energy OYL....Reuters
Mon, Mar 10
Gasoline shippers clash with Colonial Pipeline on proposed changes to terms
Colonial seeks FERC permission to change grades in pipelineGasoline shippers oppose changes, say pump prices will risePipeline is most efficient way to ship fuel to US East CoastColonial says changes will boost capacity on main gasoline line By Shariq Khan and Nicole JaoNEW YORK, March 10 (Reuters) ...Reuters
Mon, Mar 10
CERAWEEK-US LNG exporters seek to renegotiate deals to cover rising costs
At least three LNG companies seeking higher liquefaction feesInflation and labor drive up costsProjects risk becoming less competitive if gas prices riseBy Curtis Williams, Chen AizhuHOUSTON/SINGAPORE, March 10 (Reuters) - Several U.S. LNG producers are trying to renegotiate higher prices with buyer...Reuters
Mon, Mar 10
US Supreme Court nixes challenge to state climate suits against oil firms
Five Democratic-led states seek damages from oil firmsCompanies are accused of concealing climate consequencesSuits target Exxon, Chevron, ConocoPhillips, Shell, BPBy Nate Raymond March 10 (Reuters) - The U.S. Supreme Court rejected on Monday a bid by 19 Republican-led states led by Alabama to bl...Reuters
Mon, Mar 10
PRECIOUS-Gold ticks lower, focus on US inflation print
Trump won't predict if tariffs will cause recessionUS CPI, PPI due later this week China's imports tumble as demand skidsBy Ashitha Shivaprasad March 10 (Reuters) - Gold prices dipped on Monday as profit-taking countered support from safe-haven demand fuelled by geopolitical uncertainty, ...Reuters
Mon, Mar 10
CERAWEEK-IEA director Birol says there is a need for investment in existing oil, gas fields
HOUSTON, March 10 (Reuters) - Fatih Birol, the director of the Paris-based International Energy Agency said on Monday there is a need for investment in existing oil and gas fields for global energy security."I want to make it clear ... there would be a need for investment, especially to address ...Reuters
Mon, Mar 10
CERAWEEK-China demand concerns, GDP growth threaten global oil prices, Vitol CEO says
By Georgina McCartneyHOUSTON, March 10 (Reuters) - Vitol CEO Russell Hardy said on Monday that he expects global oil prices LCOc1 to move in a lower range than over the past three to four years due to recent soft economic growth in China and globally that has weighed on demand.Benchmark oil prices h...Reuters
Mon, Mar 10
CERAWEEK-Australia's Santos to raise investment in US
HOUSTON, March 10 (Reuters) - Australian energy group Santos STO.AX will look to increase investments in the United States because of current policies, CEO Kevin Gallagher said on Monday.US President Donald Trump is seeking to maximise domestic oil and gas output, and has overturned many of the poli...Reuters
Mon, Mar 10
US rescinds Biden memos prioritizing climate in infrastructure projects
By David Shepardson WASHINGTON, March 10 (Reuters) - U.S. Transportation Secretary Sean Duffy on Monday rescinded two Biden administration memos that encouraged states to address how climate change and equity impact infrastructure projects.Duffy and the department said the memos were in conflict ...Reuters
Mon, Mar 10
CERAWEEK-NextEra Energy expects 55% jump in global power demand over the next 20 years, CEO says
By Georgina McCartneyHOUSTON, March 10 (Reuters) - NextEra Energy NEE.N expects a 55% jump in power demand over the next 20 years versus the prior two decades, Chief Executive Officer John Ketchum told attendees at the CERAWeek energy conference in Houston on Monday. Some 17% of that demand growth i...Reuters
Mon, Mar 10
GRAINS-Soybean futures fall on weakness in oil market, China deflation worries
Worries over U.S. tariffs on China pressure soybeansCorn futures tick higher ahead of WASDE reportBargain buying, weather concerns support wheatBy P.J. Huffstutter CHICAGO, March 10 (Reuters) - Chicago Board of Trade soybeans turned lower on Monday, as prices were weighed down by weakness in the ...Reuters
Mon, Mar 10
Container ship in UK tanker crash is carrying sodium cyanide, says Lloyd’s List Intelligence
LONDON, March 10 (Reuters) - The Solong vessel, which was involved in a collision off the coast of Britain on Monday, is carrying 15 containers of sodium cyanide among other cargo, according to a report from maritime data provider Lloyd’s List Intelligence.The container vessel was also transporting ...Reuters
Mon, Mar 10
