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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By David Shepardson WASHINGTON, March 10 (Reuters) - U.S. Transportation Secretary Sean Duffy on Monday rescinded two Biden administration memos that encouraged states to address how climate change and equity impact infrastructure projects.Duffy and the department said the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
METALS-Copper under pressure from tariffs and growth angst
By Pratima Desai LONDON, March 10 (Reuters) - Copper prices slipped on Monday as the market focused on the negative consequences for global economic growth and industrial metals demand from U.S. import tariffs.Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 1% at $9,520 a metri...Reuters
Mon, Mar 10
Wild Basin Energy Secured Equity Commitment From Pearl Energy Investments For Initial $60 Million
March 10 (Reuters) - Wild Basin Energy:WILD BASIN ENERGY: SECURED EQUITY COMMITMENT FROM PEARL ENERGY INVESTMENTS FOR INITIAL $60 MILLIONWILD BASIN ENERGY: GOT STRATEGIC MINORITY COMMITMENT THAT WILL BRING TOTAL TO $75 MILLION OF NEW EQUITY COMMITMENTSReuters
Mon, Mar 10
China's DeepSeek resolves issue briefly affecting its AI reasoning model
March 10 (Reuters) - China's DeepSeek said on Monday an issue impacting its advanced R1 artificial intelligence reasoning model was resolved after a brief outage.The outage hit its application programming interface (API) and web chat service.APIs are strings of code that enable standardized comm...Reuters
Mon, Mar 10
Tanker struck off UK coast was on US military charter, US says
WASHINGTON, March 10 (Reuters) - The Stena Immaculate tanker was on a short-term charter to the U.S. Navy's Military Sealift Command when it was struck on Monday while anchored off northeast England, a U.S. military spokesperson told Reuters.The tanker was operated by U.S. logistics group Crowle...Reuters
Mon, Mar 10
US rescinds Biden memos prioritizing climate in infrastructure projects
WASHINGTON, March 10 (Reuters) - U.S. Transportation Secretary Sean Duffy rescinded two memos on Monday issued during the Biden Administration that encouraged states to address how climate change and equity impacts infrastructure projects.Duffy said the memos were in conflict with the intent of Cong...Reuters
Mon, Mar 10
No indication of any malicious activity in the UK tanker crash, sources say
LONDON, March 10 (Reuters) - Two maritime security sources said there was no indication of any malicious activity or other actors involved in a crash on Monday between a tanker carrying jet fuel and a cargo vessel off the coast of England.Reuters
Mon, Mar 10
China's DeepSeek says advanced AI reasoning model currently unavailable
March 10 (Reuters) - China's DeepSeek said on Monday its advanced R1 artificial intelligence reasoning model was facing an outage, affecting its application programming interface (API) and web chat service.API are strings of code that enable standardized communication, exchange of data and funct...Reuters
Mon, Mar 10
US Cash Grains-Corn basis flat-up on thin selling by farmers
CHICAGO, March 10 (Reuters) - Spot basis bids for corn were steady to stronger at Midwestern grain elevators, processors and river terminals on Monday, as some buyers sought to encourage more selling from reluctant farmers, brokers said.* Soybean basis bids were mixed at elevators and processing loc...Reuters
Mon, Mar 10
CERAWEEK-Chevron CEO urges lasting US energy policy, not extreme swings
CEO seeks consistency as company has allocated capital long termPermits for energy projects an example that needs legislation - CEO Trump's policy reversals impact Chevron's operations in VenezuelaChevron to increase Gulf of Mexico output to 300,000 bpdIts Permian growth to plateau after hit...Reuters
Mon, Mar 10
Gold Reserve makes 'stalking horse' bid for shares in Citgo's parent
By Seher Dareen and Marianna Parraga March 10 (Reuters) - Canadian miner Gold Reserve GRZ.V said on Monday that a subsidiary has submitted an offer that could be selected as the starting bid in a court-organised auction of shares in Venezuela-owned PDV Holding, the parent of Citgo Petroleum.Most ...Reuters
Mon, Mar 10
Coffee theft surges in the US as prices for the beans soar
By Marcelo TeixeiraHOUSTON, March 10 (Reuters) - Theft of truck loads of green coffee beans is surging in the United States, the world's largest importer of the commodity, as prices for the beans increased to all-time highs in the last year, according to transportation companies.The issue was di...Reuters
Mon, Mar 10
Major North Sea shipping incident triggers P&I claim concerns
Incident involves US-flagged tanker and Portuguese-flagged cargo shipConcerns over potential environmental pollution and P&I claim sizePotential P&I impact mitigated by refined oils burning offBy Michael Jones March 10 - (The Insurer) - A major incident involving a tanker and a cargo ship...Reuters
Mon, Mar 10
FACTBOX-Top cases now before the US Supreme Court
March 10 (Reuters) - The U.S. Supreme Court's current term includes cases involving guns, gender-affirming medical care for transgender minors, online pornography, religious rights, TikTok, preventive healthcare, Planned Parenthood funding, job discrimination, federal regulatory powers on nuclea...Reuters
Mon, Mar 10
