News
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PRECIOUS-Gold takes a breather as focus turns to US jobs data
Spot gold down 0.1% at $2,913.79 an ounceUS private payrolls growth slows in February, ADP reportsUS payrolls data due to be released on Friday By Anmol Choubey March 5 (Reuters) - Gold prices edged lower on Wednesday despite a lower dollar as investors held back from making large bets ahead of t...Reuters
Wed, Mar 5
EU wheat and rapeseed slip further as euro and tariffs weigh
PARIS, March 5 (Reuters) - Euronext wheat fell on Wednesday to another six-month low while rapeseed dropped to a three-month low, pressured by a jump in the euro and uncertainty over fallout from U.S. tariffs.May wheat BL2K5 on Euronext settled 0.2% lower at 223.00 euros ($240.42) a metric ton.It ea...Reuters
Wed, Mar 5
Supreme Court wrestles with US agency's nuclear waste storage licensing power
Nuclear waste storage facility planned for TexasTexas and oil interests challenged agency's authorityLower court ruled against Nuclear Regulatory CommissionBy Blake Brittain, John Kruzel WASHINGTON, March 5 (Reuters) - The U.S. Supreme Court grappled on Wednesday over whether the Nuclear Regu...Reuters
Wed, Mar 5
US Plains HRW Wheat-Basis bids higher as farmers await stronger prices
CHICAGO, March 5 (Reuters) - Spot basis bids for hard red winter wheat were steady to higher in the U.S. Plains states on Wednesday as buyers in some locations sought to entice selling from farmers who are reluctant to book sales amid relatively low prices, dealers said. * Wheat futures rebounde...Reuters
Wed, Mar 5
Trump 'leaning towards' helping automakers with one-month tariff relief, Lutnick says
March 5 (Reuters) - U.S. Commerce Secretary Howard Lutnick said in a Fox News interview on Wednesday that he and President Donald Trump spoke with Canadian Prime Minister Justin Trudeau earlier in the day.Lutnick said Trump is "leaning towards" excluding U.S. automakers from tariffs for the ...Reuters
Wed, Mar 5
Planned turnaround ongoing at Phillips 66's Bayway refinery, IIR says
By Nicole Jao NEW YORK, March 5 (Reuters) - Phillips 66's PSX.N 258,500 barrel-per-day Bayway refinery is undergoing a major turnaround, research company IIR Energy said on Wednesday.The refinery in Linden, New Jersey, began maintenance activities in mid-February, IIR said. Ongoing maintenanc...Reuters
Wed, Mar 5
US drivers log 3.28 trillion miles in 2024, setting new record
WASHINGTON, March 5 (Reuters) - Travel on U.S. roads in 2024 rose 1% to 3.28 trillion miles setting a new yearly record and topping pre-COVID 19 levels for the first time, the Transportation Department said Wednesday.Last year, USDOT said in preliminary figures that road travel for 2023 had topped 2...Reuters
Wed, Mar 5
Trump and Trudeau discussed fentanyl, trade in 50-minute call, says Canada source
OTTAWA, March 5 (Reuters) - U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau spoke for about 50 minutes on Wednesday and discussed fentanyl smuggling and trade, said a Canadian source directly familiar with the conversation.Teams from both nations will continue to hold discussi...Reuters
Wed, Mar 5
US Cash Grains-Corn, soy basis nearly flat as selling slows
CHICAGO, March 5 (Reuters) - Spot basis bids for soybeans and corn were mostly steady in the U.S. Midwest on Wednesday as low futures prices discouraged farmers from selling and producers turned their attention to plans for spring planting. * The soy basis ticked up at a Council Bluffs, Iowa, pr...Reuters
Wed, Mar 5
Bank of China International drops more than two-thirds of commodities business clients, Bloomberg News report
March 5 (Reuters) - Bank of China International Holdings reduced the number of clients in its commodities business by more than two-thirds, Bloomberg News reported on Wednesday citing people familiar with the matter. The bank in recent weeks has made lay-offs in its commodities team in Shanghai and ...Reuters
Wed, Mar 5
Bank Of China International Has Reduced The Number Of Clients In Its Commodities Business By More Than Two-Thirds- Bloomberg News
March 5 (Reuters) - BANK OF CHINA INTERNATIONAL HAS REDUCED THE NUMBER OF CLIENTS IN ITS COMMODITIES BUSINESS BY MORE THAN TWO-THIRDS- BLOOMBERG NEWSSource text: https://bloom.bg/4i21TrRReuters
Wed, Mar 5
US civil service board reinstates thousands of fired USDA employees
By Daniel WiessnerMarch 5 (Reuters) - A U.S. board that reviews the firings of federal employees on Friday ordered the U.S. Department of Agriculture to temporarily reinstate thousands of workers who lost their jobs as part of President Donald Trump's layoffs of the federal workforce.Cathy Harri...Reuters
Wed, Mar 5
METALS-US copper prices surge on tariff concerns; premium widens over LME benchmark
By Polina Devitt LONDON, March 5 (Reuters) - U.S. copper prices jumped on Wednesday as worries about U.S. import tariffs widened, while China's fresh stimulus measures, Germany's infrastructure fund plans and a weaker dollar supported the wider market for the metal.The most active May cop...Reuters
Wed, Mar 5
Defense of climate multilateralism key to Brazil's leadership, COP30 president says
By Gloria Dickie March 5 (Reuters) - Brazil will use its presidency of the annual United Nations global climate talks to press for multilateralism and respect for science, COP30 President-Designate Andre Aranha Correa do Lago said on Wednesday in a rejoinder to U.S. President Donald Trump over cl...Reuters
Wed, Mar 5
EUROPE GAS-Prices fall amid gas storage target extension, warmer temperatures
LONDON, March 5 (Reuters) - Dutch wholesale gas prices fell on Wednesday afternoon amid warmer temperatures and as the European Commission proposed a two-year extension of winter gas storage fill targets but signalled flexibility over interim targets.The benchmark front-month contract at the Dutch T...Reuters
Wed, Mar 5
Planned turnaround ongoing at Phillips 66's Bayway refinery, IIR says
NEW YORK, March 5 (Reuters) - Phillips 66 PSX.N's 258,500 barrel-per-day Bayway refinery is undergoing a major turnaround, research company IIR Energy said on Wednesday.The refinery, in Linden, New Jersey, began maintenance activities in mid-February, IIR said. It is expected to last around 50 ...Reuters
Wed, Mar 5
Europe Gasoline/Naphtha-Gasoline refining margins rebound
LONDON, March 5 (Reuters) - Northwest European gasoline refining profit margins widened less than $1 a barrel to $7.60 on Wednesday, while a cargo traded in the Mediterranean. In the Platts window, TotalEnergies bought a Mediterranean gasoline cargo from Trafigura.A total of 7,800 metric tons of E5...Reuters
Wed, Mar 5
South Sudan detains oil minister and military officials in threat to peace deal
Arrests follow intense fighting in strategic northern townTroops deployed around Machar's residence, spokesman saysAnalysts say country could slide back to war NAIROBI, March 5 (Reuters) - South Sudanese forces have arrested the petroleum minister and several senior military officials allied ...Reuters
Wed, Mar 5
