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METALS-Copper rallies to four-month high on soft dollar, Trump rollback
By Eric Onstad LONDON, March 6 (Reuters) - Copper prices extended gains on Thursday to their highest levels in four months on a slide in the dollar and after U.S. President Donald Trump granted automakers a temporary exemption from tariffs.Three-month copper on the London Metal Exchange CMCU3 gai...Reuters
Thu, Mar 6
Europe Gasoline/Naphtha-Gasoline margins fall as inventories swell
LONDON, March 6 (Reuters) - Northwest European gasoline refining profit margins fell sharply by over $2 a barrel to $5.43 on Thursday as a big rise in regional inventories weighed. A total of 4,000 metric tons of E5 gasoline barges traded, as Litasco and Varo sold barges to Varo and Mabanaft.A furt...Reuters
Thu, Mar 6
US Cash Grains-Corn, soy basis higher in slow cash trade
CHICAGO, March 6 (Reuters) - Spot basis bids for corn and soybeans tipped higher in the U.S. Midwest on Thursday as farmers declined to sell their crop as futures remained relatively weak. * The soy basis rose at an Illinois processor.* The corn basis rose at an Ohio elevator, Nebraska processor...Reuters
Thu, Mar 6
Residual inflows after price swings push CME gold stocks to record high
LONDON, March 6 (Reuters) - Gold stocks in COMEX-approved CME.O warehouses rose by 218,307 ounces to a record high of 39.7 million ounces, daily CME data showed, as residual inflows continued even after a major dislocation had wound down.Since late November, when U.S. President Donald Trump pledged ...Reuters
Thu, Mar 6
US will exert maximum pressure on Iran via sanctions, Bessent says
By David LawderNEW YORK, March 6 (Reuters) - The U.S. will exert a campaign of maximum pressure of sanctions Iran to collapse its oil exports and put pressure on its currency, Treasury Secretary Scott Bessent said on Thursday."Making Iran broke again will mark the beginning of our updated sancti...Reuters
Thu, Mar 6
EUROPE GAS-Benchmark Dutch price falls on EU's Ukraine gas transit push
LONDON, March 6 (Reuters) - Dutch wholesale gas prices fell below 40 euros ($43.31) on Thursday for the first time this year, on news that European leaders are set to urge EU authorities and Kyiv to intensify talks to resolve a halt to Russian gas transit through Ukraine. The benchmark front-month...Reuters
Thu, Mar 6
Tanzania says to launch oil exploration licensing round in May
DAR ES SALAAM, March 6 (Reuters) - Tanzania said on Thursday it will launch its fifth oil and gas licensing round in May in which 26 exploration blocks will be put to auction to help draw fresh investment in the east African country's hydrocarbons sector. Of the blocks on offer, 23 are offshore ...Reuters
Thu, Mar 6
Germany probes Argus Media, S&P Global over oil market pricing concerns
By Riham Alkousaa and Ahmad Ghaddar BERLIN, March 6 (Reuters) - Germany's antitrust watchdog said it was investigating the impact of price information services provided by Argus Media and S&P Global on the oil wholesale market, after an initial investigation raised pricing and competition...Reuters
Thu, Mar 6
IGI spies ‘big opportunity’ to grow California property book
By Chris MunroMarch 5 - (The Insurer) - IGI Group’s CEO Waleed Jabsheh believes there will be “a big opportunity” for the company to grow its California property book following the recent wildfires, while the executive is also optimistic that recent energy losses will push up pricing in the sector.S...Reuters
Thu, Mar 6
Citgo Petroleum's profit plummeted to $305 mln in 2024
Crude utilization was 93% in 2024, in line with 2023 numbersYear-end liquidity declined to $3.8 bln from $4 bln in 2023Trading expanded to South Africa, Japan and ChinaBy Marianna ParragaHOUSTON, March 6 (Reuters) - Venezuela-owned U.S. refiner Citgo Petroleum PDVSAC.UL reported on Thursday a $305 m...Reuters
Thu, Mar 6
ARA gasoline stocks rise 12%, Insights Global data shows
LONDON, March 6 (Reuters) - Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose by 12% on the week to a one-month high 1.65 million metric tons on Thursday, data from Dutch consultancy Insights Global showed.Gasoline stocks rose on slower exports...Reuters
Thu, Mar 6
Venture Global shares slump on downbeat annual core profit outlook
March 6 (Reuters) - Venture Global's VG.N shares on Thursday slumped to its lowest level since its debut as the LNG producer forecast its 2025 core profit below Wall Street expectations.Shares of the company fell as much as 22.5% to $11.02 in morning trade as it forecast adjusted core profit bet...Reuters
Thu, Mar 6
White House: no decision yet on legal status for Ukrainians in US
WASHINGTON, March 6 (Reuters) - The White House said on Thursday no decision has been made yet on whether to revoke temporary legal status for some 240,000 Ukrainians who fled the conflict with Russia. "The truth: no decision has been made at this time," White House spokesperson Karoline Lea...Reuters
Thu, Mar 6
ANALYSIS-Republican officials rethink BlackRock bans after Panama port deal
BlackRock's Panama port deal draws Republican applauseRepublican state officials reconsider BlackRock bans after Trump praiseBlackRock's ESG stance shifts amid political pressuresBlackRock faces ongoing Republican legal challenge despite dealBy Ross Kerber and Bo Erickson BOSTON/WASHINGTO...Reuters
Thu, Mar 6
EUROPE GAS-Benchmark Dutch prices fall to 2025 low, breaches 40 euros/MWh
LONDON, March 6 (Reuters) - Dutch wholesale gas prices fell on Thursday afternoon below 40 euros for the first time this year, reversing its earlier gains amid a wider sell off across the market. The benchmark front-month contract at the Dutch TTF hub TRNLTTFMc1 was down 2.42 euros, at 38.58 ...Reuters
Thu, Mar 6
Canada will continue to engage with US about tariffs, says Trudeau
OTTAWA, March 6 (Reuters) - Canada will continue to engage with senior Trump administration officials about the tariffs the United States plans to impose on all Canadian imports, Prime Minister Justin Trudeau said on Thursday."Our goal is to get these tariffs - all tariffs - removed," he tol...Reuters
Thu, Mar 6
Citgo Petroleum's profit plummeted to $305 mln in 2024
HOUSTON, March 6 (Reuters) - Venezuela-owned U.S. refiner Citgo Petroleum reported on Thursday a $305 million net income last year, below the $2 billion of 2023, following a $146 million loss in the fourth quarter, the company said in a release.A "deteriorating pricing environment" combined ...Reuters
Thu, Mar 6
Germany’s lithium reserves could sustain domestic needs for decades, study finds
BERLIN, March 6 (Reuters) - Germany could have enough lithium reserves to cover its domestic needs for several decades, a study showed on Thursday, as Berlin seeks to boost its electric vehicle production and cut dependency on critical raw material imports.The German Raw Materials Agency estimates t...Reuters
Thu, Mar 6
Parametric microinsurance products becoming more accurate: study
By Henry GaleMarch 4 - (The Insurer) - A wide range of indices are now available for parametric agriculture microinsurance products, which are becoming more accurate over time, according to the Landscape of Microinsurance 2024 report.The report, published by the Microinsurance Network (MiN) on Thurs...Reuters
Thu, Mar 6
US natural gas prices hold near 26-month high ahead of storage report
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 held near a 26-month high on Thursday as the market waited for directio...Reuters
Thu, Mar 6
