News
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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
Trump's tariffs on Canada could make US power bills even pricier
US is a net importer of electricity from CanadaNortheast US could be hardest hit by energy tariffs on CanadaUS grid operators are unclear if tariffs apply to powerBy Laila Kearney NEW YORK, March 5 (Reuters) - Swelling U.S. power prices may rise even faster in some parts of the country if 10% ene...Reuters
Wed, Mar 5
US East Coast refinery utilization rates hit lowest since July 2020, EIA says
March 5 (Reuters) - U.S. East Coast refinery utilization rates dropped to their lowest since July 2020, dropping sharply to 54.8% of capacity from 82.5% in the prior week, the U.S. Energy Information Administration (EIA) said in its weekly Petroleum Status Report on Wednesday.Reuters
Wed, Mar 5
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
