News
Important Only
Cyclone Alfred threatens rare Brisbane landfall
By Scott VincentMarch 5 - (The Insurer) - Cyclone Alfred continued to track towards the South Queensland coast on Wednesday ahead of its expected landfall near Brisbane on Friday.The Australian Bureau of Meteorology has warned of potential for destructive wind gusts of more than 130 km/hour on Thurs...Reuters
Wed, Mar 5
US issues new Houthi-related sanctions, Treasury Dept says
WASHINGTON, March 5 (Reuters) - The United States imposed sanctions on Wednesday on seven senior members of Yemen's Iran-aligned Houthi movement, the Treasury Department said. The individuals smuggled military-grade items and weapon systems into Houthi-controlled areas of Yemen and negotiated...Reuters
Wed, Mar 5
US approves LNG export extension for Golden Pass
WASHINGTON, March 5 (Reuters) - The U.S. Department of Energy approved an extension of a permit for exports of liquefied natural gas from a Golden Pass LNG LLC project being built in Texas, the agency said on Wednesday. The approval will grant additional time to begin LNG exports from the project un...Reuters
Wed, Mar 5
SQM sees Codelco joint venture conditions met in H2
SANTIAGO, March 5 (Reuters) - Chilean lithium miner SQM expects the conditions for its joint venture with Chilean state miner Codelco to be met in the second half of 2025, an SQM executive said on an earnings call on Wednesday.The two companies plan to form a partnership to extract lithium in Chile&...Reuters
Wed, Mar 5
Chevron Reports Equipment Leak At Pasadena, Texas Refinery
March 5 (Reuters) - Chevron Corp CVX.N:REPORTS EMISSIONS DUE TO EQUIPMENT LEAK AT PASADENA, TEXAS REFINERY REPORTS IT IS INVESTIGATING THE SOURCE OF POTENTIAL LEAK TO TAKE REMEDIAL ACTIONSAYS IT CONDUCTED INITIAL AND ONGOING FOLLOW UP AREA MONITORING TO CONFIRM NO LOCALIZED OR OFFSITE IMPACTREFINERY...Reuters
Wed, Mar 5
Indian steel prices may fall as U.S. tariffs reshape alloy's trade, S&P Global says
March 5 (Reuters) - Indian steel mills are likely to see a sharp drop in prices after U.S. import tariffs come into effect and reshape global trade of the alloy, potentially redirecting a glut of supply into the South Asian country, S&P Global said in a note.The agency estimated Indian steel may...Reuters
Wed, Mar 5
U.S. nuclear power plant outages
March 5 (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
Wed, Mar 5
CBOT Trends-Wheat up 9-12 cents per bushel, corn and soy up 4-6 cents
CHICAGO, March 5 (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 Wednesday.WHEAT - Up 9 to 12 cents* Wheat futures Wv1 rebound after the most-active contract fell on Tuesday to its lowest lev...Reuters
Wed, Mar 5
Trump, Trudeau set to speak on Wednesday amid tariff battle, source says
WASHINGTON, March 5 (Reuters) - U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau are scheduled to a speak on Wednesday, a day after Trump's new 25% tariffs on imports from Mexico and Canada took effect, according to a source with knowledge of the matter.The tariff moves, wh...Reuters
Wed, Mar 5
OPEC February oil output rises as Iran exports keep flowing
By Alex Lawler LONDON, March 5 (Reuters) - OPEC oil output rose in February, a Reuters survey found, as Iranian exports held strong, despite renewed U.S. attempts to curb the flows, and Nigeria boosted output above its target within the wider OPEC+ group.The Organization of the Petroleum Exportin...Reuters
Wed, Mar 5
REFILE-PRECIOUS-Gold falls slightly amid tariffs uncertainty, focus on upcoming US data
Bias is to the upside for gold, analyst says China unlocks more fiscal stimulus U.S. payrolls data due on Friday By Rahul Paswan March 5 (Reuters) - Gold prices declined slightly on Wednesday amid uncertainty over the tariffs announced by U.S. President Donald Trump this week, and as focus shifts...Reuters
Wed, Mar 5
US natgas prices hit fresh 26-month high on Canada tariffs worries, record LNG flows
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 5 (Reuters) - U.S. natural gas futures edged up to a fresh 26-month high on Wednesday on record flows to lique...Reuters
Wed, Mar 5
Lockton's Jones: Pricing transparency critical to parametric yacht cover
By Henry GaleMarch 5 - (The Insurer) - Pricing transparency is critical to the efficacy of Lockton's new parametric hurricane cover for yachts, which charges clients dynamically based on their vessel's location every day, the broker's Paul Jones told Parametric Insurer.This publication f...Reuters
Wed, Mar 5
LM Re's Belin: Northern Italy floods have driven increased interest in parametric covers
By Henry GaleMarch 5 - (The Insurer) - Liberty Mutual Reinsurance has started offering a parametric product based on flooding extent in Italy amid increased demand for alternative solutions, senior underwriter Charlotte Belin told Parametric Insurer.Flooding in Italy's Emilia-Romagna region in 2...Reuters
Wed, Mar 5
JP Morgan predicts global aluminium deficit to exceed 600,000 tons in 2025
March 5 (Reuters) - JP Morgan on Wednesday predicted a severe tightening of the global aluminium market, with a deficit of more than 600,000 metric tons this year, driven by lower Chinese supply and looming U.S. import tariffs on the metal. However, it said in a note that a rise in aluminium prices ...Reuters
Wed, Mar 5
