News
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Performance Shipping Secures Sale And Leaseback Agreement For Third Newbuild LR2 Aframax Tanker
March 6 (Reuters) - Performance Shipping Inc DS2.F:PERFORMANCE SHIPPING INC. SECURES SALE AND LEASEBACK AGREEMENT FOR THIRD NEWBUILD LR2 AFRAMAX TANKERPERFORMANCE SHIPPING INC - BAREBOAT FINANCING AMOUNT TOTALS $45 MILLIONPERFORMANCE SHIPPING INC - BALLOON PAYMENT OF $25 MILLION DUE WITH LAST INSTAL...Reuters
Thu, Mar 6
Ivory Coast drought triggers latest African Risk Capacity payout
By Henry GaleMarch 6 - (The Insurer) - A drought in Ivory Coast has triggered a payment of nearly $1 million from African Risk Capacity, following a similar recent payout to Ghana.The $863,560 parametric insurance claim will be used for direct cash transfers to 8,290 households, representing 41,450 ...Reuters
Thu, Mar 6
Weak refinery, export demand weakens prices for Midland crude along Texas coast
Cold weather impacts about 1.8 mln barrels of Permian output - analystMidwest refiners seek Midland crude to cut dependency on Canadian light - analystU.S., Europe refinery maintenances cut demand at the coastNarrow price differential between WTI Midland and MEH expected to be temporary - analysts t...Reuters
Thu, Mar 6
CBOT Trends-Wheat and corn steady-down 1 cent, soy up 3-5
CHICAGO, March 6 (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. CST (1430 GMT) on Thursday.WHEAT - Steady to down 1 cent per bushel* Wheat futures Wv1 were nearly unchanged amid concerns that tariffs against ...Reuters
Thu, Mar 6
RPT-INSIGHT-Shipping firms pull back from Hong Kong to skirt US-China risks
Shipowners cite fears of potential sanctions, commandeering of vessels in military crisisMoves come amid US scrutiny of role of China's merchant fleet in conflictHK govt says normal for shipping firms to review operations based on geopolitics, tradeBy Greg Torode, Jonathan Saul HONG KONG/LOND...Reuters
Thu, Mar 6
TMHCCI names Gower marine and energy liability head
By Michael JonesMarch 6 - (The Insurer) - Tokio Marine HCC International has promoted Camilla Gower to head of marine and energy liability.TMHCCI said that Gower, previously senior underwriter for marine and energy liability, will focus on the growth of the segment.Gower joined the company in 2020 f...Reuters
Thu, Mar 6
U.S. nuclear power plant outages
March 6 (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
Thu, Mar 6
Indonesia issues new rule allowing mineral exports in force majeure cases
JAKARTA, March 6 (Reuters) - The Indonesian government has issued a regulation allowing mineral companies to export unprocessed ore in force majeure situations, the energy ministry said on Thursday.Indonesia banned exports of raw minerals in 2023 to encourage metals processing at home, but has made ...Reuters
Thu, Mar 6
Tech company Corning, US solar manufacturers partner on American-made panel
March 6 (Reuters) - Technology company Corning GLW.N has struck a deal with U.S. solar manufacturers Suniva and Heliene to produce what will be the only solar panel composed of all American-made components, the companies said on Thursday.WHY IT'S IMPORTANT The alliance between Georgia-based cell...Reuters
Thu, Mar 6
Russia's Putin, Kazakhstan's Tokayev discuss trade and energy in phone call
MOSCOW, March 6 (Reuters) - Russian President Vladimir Putin and Kazakh President Kassym-Jomart Tokayev spoke by phone on Thursday and discussed joint projects in the areas of trade and energy, the Kremlin said.Reuters
Thu, Mar 6
LNG producer Venture Global raises Plaquemines project cost forecast by $2 billion
March 6 (Reuters) - Venture Global VG.N said on Thursday it expects the project cost for its Plaquemines LNG plant in Louisiana to be around $2 billion higher than its previous forecast due to inflation and other factors. The LNG producer expects the plant to now cost between $23.3 billion and $2...Reuters
Thu, Mar 6
RPT-COLUMN-China's modest stimulus is no big bang for commodities: Russell
By Clyde Russell LAUNCESTON, Australia, March 6 (Reuters) - Hopes that China's annual meeting of parliament would provide significant economic stimulus to boost commodities have been dashed, with Beijing instead largely promising a continuation of the mild stimulus policies seen last year.The...Reuters
Thu, Mar 6
PRECIOUS-Gold prices dip on profit-taking, US data in focus
Non-farm payrolls report on Friday Gold is up more than 10% so far this yearCurrent bearish price action may drag gold lower, says analystBy Rahul Paswan March 6 (Reuters) - Gold prices fell about 1% on Thursday as investors booked profits following a three-day rally, with markets eyeing U.S. job...Reuters
Thu, Mar 6
COMMENT-FX options warn of extreme NFP volatility risk
March 6 (Reuters) - FX volatility is a key yet unknown parameter of an FX option premium, so dealers use implied volatility as a stand-in. Overnight expiry now includes Friday's key U.S. monthly employment data and its implied volatility has jumped to the highest levels this year.Shorter-dated e...Reuters
Thu, Mar 6
After Trump's tariffs, Mexico seeks Asian and European crude oil buyers
MEXICO CITY, March 6 (Reuters) - Mexican state company Pemex is in talks with potential buyers in Asia, including China, and Europe, as it seeks alternative markets for its crude after U.S. President Donald Trump imposed tariffs on imports, a senior Mexican government official said.
Reuters
Thu, Mar 6
World must stick to climate goals despite US, UK envoy says
By Tim Cocks PRETORIA, March 6 (Reuters) - The world must carry on pursuing the greenhouse gas emissions reductions outlined in the Paris Agreement, despite the United States' withdrawal, Britain's climate envoy said on Thursday, adding that the UK was moving ahead with its targets.Last m...Reuters
Thu, Mar 6
PBF Energy Provides Update On Martinez Refinery
March 6 (Reuters) - PBF Energy PBF.N:PBF ENERGY PROVIDES UPDATE ON MARTINEZ REFINERYPBF ENERGY: INTENDS TO PROCEED WITH REPAIRS NEEDED TO RESTART ITS 157,000 BARREL/DAY REFINERY IN MARTINEZPBF ENERGY INC - THROUGHPUT DURING STAGE ONE OF RESTART EXPECTED TO BE IN RANGE OF 85,000 TO 105,000 BARRELS PE...Reuters
Thu, Mar 6
