News
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US agency blocks vote to repeal California EV rules
By David Shepardson WASHINGTON, March 6 (Reuters) - The Government Accountability Office said on Thursday the Biden administration's approval of California's landmark plan to end the sale of gasoline-only vehicles by 2035 is not subject to review and potential repeal by Congress.Last ...Reuters
Thu, Mar 6
US Cash Crude-Coastal grades ease further on new tariff uncertainty
March 6 (Reuters) - U.S. coastal grades eased further on Thursday, dealers said, as market participants wrangled with uncertainty around U.S. tariffs on Mexico and China, the imposition of which drove spot prices for the grades higher earlier this week.U.S. President Donald Trump exempted goods from...Reuters
Thu, Mar 6
CBOT soybean futures end higher as trade tensions ease
CHICAGO, March 6 (Reuters) - Chicago Board of Trade soybean futures rose on Thursday as trade tensions cooled after U.S. President Donald Trump temporarily exempted goods from Mexico from steep tariffs that he had imposed this week.Mexico was the No. 2 buyer of U.S. soybeans in 2024 after China, and...Reuters
Thu, Mar 6
CBOT wheat climbs, joining corn, soy, on Mexico tariff reprieve
CHICAGO, March 6 (Reuters) - Chicago Board of Trade wheat futures ended higher on Thursday, following advances in corn and soybeans after U.S. President Donald Trump temporarily exempted goods from Mexico from steep tariffs that he had imposed earlier this week.Mexico was the largest buyer of U.S. w...Reuters
Thu, Mar 6
US Cash Grains-Corn, soy basis tick higher as futures bounce
CHICAGO, March 6 (Reuters) - Spot basis bids for soybeans and corn crept higher in the U.S. Midwest on Thursday as buyers attempted to lure farmers off the sidelines, though relatively low prices did little to encourage selling. * The soy basis rose at an Illinois river terminal and at an Iowa e...Reuters
Thu, Mar 6
US withdraws from agreement on reducing coal use in developing countries, Treasury Department says
WASHINGTON, March 6 (Reuters) - The U.S. has withdrawn from the Just Energy Transition Partnership on reducing coal use in countries including South Africa, Indonesia and Vietnam, the Treasury Department said on Thursday.The announcement confirms a Reuters report on Wednesday about U.S. withdrawal f...Reuters
Thu, Mar 6
Costco beats quarterly sales estimates on bulk buying surge
March 6 (Reuters) - Costco Wholesale COST.O beat Wall Street expectations for second-quarter revenue on Thursday, as its members shopped more goods, including groceries, home furnishings and electronics, in bulk from its retail outlets amid rising living costs.The company's quarterly revenue ros...Reuters
Thu, Mar 6
ICE canola futures stable on tariff relief confidence
WINNIPEG, Manitoba - March 6 (Reuters) - ICE canola futures had a slight gain Thursday on a day of multiple tariff-related headlines that failed to rattle the market.• May canola RSK5 settled up $2.10 at $634.60 per metric ton. Other months had similar small gains. • Throughout the day Trump adminis...Reuters
Thu, Mar 6
Oil steadies in choppy trading on tariff uncertainty, OPEC+ hike plans
Mexico wins one-month tariff exemption; nothing yet for CanadaUS to exert maximum pressure on Iran via sanctionsPutin says any Ukraine peace deal must ensure Russia's securityBy Arathy Somasekhar HOUSTON, March 6 (Reuters) - Oil settled largely unchanged in choppy trade on Thursday, with ...Reuters
Thu, Mar 6
Guyana's tax agency to begin dispute resolution with Exxon over expenses
By Kemol King GEORGETOWN, March 6 (Reuters) - Guyana's Natural Resources ministry has ordered the country's tax agency to begin a dispute resolution with Exxon Mobil XOM.N over the recovery of some $214 million in expenses registered by the U.S. oil major.Expenses reported by Exxon as...Reuters
Thu, Mar 6
Dispute over energy project in Guyana to be discussed through arbitration
By Kemol King GEORGETOWN, March 6 (Reuters) - An international arbitration court will hear a dispute between Guyana and a consortium led by U.S. firm Lindsayca over a project awarded to build a gas-fueled power plant and a natural gas liquids plant, the government said on Thursday.The 300-megawat...Reuters
Thu, Mar 6
State Dept says all waivers providing Iran economic relief are under review
WASHINGTON, March 6 (Reuters) - The United States is reviewing all existing sanctions waivers that provide Iran any degree of economic relief and urging the Iraqi government to eliminate its dependence on Iranian sources of energy as soon as possible, the U.S. State Department spokesperson Tammy Bru...Reuters
Thu, Mar 6
US natgas prices slide 3% from 26-month high on small storage withdrawal
US gas output on track to hit record high in March US LNG export feedgas on track to match February record highOil-to-gas ratio falls to lowest since December 2022By Scott DiSavino March 6 (Reuters) - U.S. natural gas futures fell about 3% on Thursday from a 26-year high in the prior session on r...Reuters
Thu, Mar 6
South Dakota bans use of eminent domain for carbon dioxide pipelines
By Leah Douglas March 6 (Reuters) - South Dakota Governor Larry Rhoden signed a bill on Thursday banning the use of eminent domain, which allows private land to be taken for public use, for the construction of carbon dioxide pipelines, potentially endangering a $9 billion project proposed by Summ...Reuters
Thu, Mar 6
Venture Global announces $18 billion expansion of Plaquemines LNG plant
March 6 (Reuters) - Venture Global VG.N said on Thursday it would expand the total production capacity of its Plaquemines LNG plant in Louisiana to 45 million tonnes per annum (mtpa), up from the current 27 mtpa, with an additional investment of $18 billion.The company, which became one of the most ...Reuters
Thu, Mar 6
Conveyor belt collapses at Brazil grain terminal operated by ADM, Viterra
SAO PAULO, March 6 (Reuters) - A conveyor belt system collapsed at a grain terminal at the port of Barcarena in northern Brazil, according to a navigation sector source and a soybean analyst on Thursday.The collapse caused grain shipments to be suspended, the two sources said naming ADM ADM.N and Vi...Reuters
Thu, Mar 6
