News
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W. Africa Crude-Nigerian grades edge lower
March 4 (Reuters) - Nigerian crude differentials edged lower on Tuesday as March cargoes continue to overhang.* Forcados has dipped to around dated Brent plus $2.50, Bonga to around dated plus $2.50-$3.00, and Qua Iboe to around dated Brent plus $1.50, a trading source said. * Around 10-15 cargoes o...Reuters
Tue, Mar 4
Enbridge: Possibility Of Line 5 Being Shut Down By U.S. in Event of Trade War Escalation Unlikely
March 4 (Reuters) - Enbridge Inc ENB.TO:EXEC SAYS VENEZUELAN CRUDE BEING SANCTIONED BY THE US WILL HELP CANADIAN CRUDE DEMAND HOLD UP IN FACE OF TARIFFS - INVESTOR DAY CONF CALLCEO SAYS U.S. AND CANADA ENERGY SYSTEMS ARE SO INTERTWINED THAT ENBRIDGE CONTINUES TO SEE EXPORT OPPORTUNITIES TO U.S. IN S...Reuters
Tue, Mar 4
Trump: Canadian retaliatory tariffs will face immediate reciprocal tariffs
March 4 (Reuters) - U.S. President Donald Trump said that retaliatory tariffs imposed by Canada will be met with immediate reciprocal tariffs in the same amount, after remarks by Prime Minister Justin Trudeau that Canada would strike back at American tariffs imposed overnight. "Please explain to...Reuters
Tue, Mar 4
EU wheat and rapeseed hit lows as tariff battle heats up
PARIS, March 4 (Reuters) - Euronext wheat futures extended losses on Tuesday to a six-month low while rapeseed tumbled to a one-month low as U.S. tariffs and retaliatory measures from China and Canada deepened concern about disruption to agricultural trade.May wheat BL2K5, the most active contract o...Reuters
Tue, Mar 4
Europe Gasoline/Naphtha-Gasoline refining margins fall
LONDON, March 4 (Reuters) - Northwest European gasoline refining profit margins fell to $7.24 a barrel on Tuesday, while a cargo traded in the Mediterranean. In the Platts window, Vitol bought a Mediterranean gasoline cargo from Trafigura.A total of 6,000 metric tons of E5 gasoline barges traded, a...Reuters
Tue, Mar 4
US Cash Grains-Corn, soy basis steady-mixed as futures tumble
CHICAGO, March 4 (Reuters) - Spot basis bids for soybeans and corn were steady to mixed in the U.S. Midwest on Tuesday as concerns over retaliatory Chinese tariffs on U.S. farm goods put pressure on Chicago Board of Trade futures.* Corn basis bids ticked down at a Nebraska elevator and ticked up at ...Reuters
Tue, Mar 4
Ontario threatens surcharge on electricity to three U.S. states
OTTAWA, March 4 (Reuters) - Ontario, Canada's most populous province, on Tuesday said that if U.S. tariffs persisted, it would impose a 25% surcharge on electricity exports to New York, Michigan and Minnesota.Premier Doug Ford also told reporters that Ontario would ban U.S. companies from provin...Reuters
Tue, Mar 4
GE Vernova signs deal to support Amazon's data center expansion
March 4 (Reuters) - Renewable energy company GE Vernova GEV.N said on Tuesday it has signed an agreement with Amazon's AMZN.O cloud services business to support the e-commerce giant's data center expansion plans.GE Vernova said the agreement with Amazon Web Services (AWS) would address risin...Reuters
Tue, Mar 4
KGHM To Create Impairment Write-Downs On Units
March 4 (Reuters) - KGHM Polska Miedz SA KGH.WA:TO CREATE 11.9 MILLION ZLOTY IMPAIRMENT WRITE-DOWN ON INVEST PV 7 IN CONSOLIDATED REPORT FOR 2024TO CREATE 17.3 MILLION ZLOTY IMPAIRMENT WRITE-DOWN ON INVEST PV 40 IN CONSOLIDATED REPORT FOR 2024TO CREATE 22.5 MILLION ZLOTY IMPAIRMENT WRITE-DOWN ON INV...Reuters
Tue, Mar 4
U.S. RESEARCH ROUNDUP-California Resources, Eli Lilly, Mastec
March 4 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including California Resources, Eli Lilly and Mastec, on Tuesday. HIGHLIGHTS * California Resources Corp CRC.N: Gerdes Energy Research raises to buy from neutral* Eli...Reuters
Tue, Mar 4
US NYMEX natgas average daily futures volumes rose in February
March 4 (Reuters) - Average daily volume (ADV) in U.S. natural gas futures and options rose on the New York Mercantile Exchange in February from a year earlier, data from its owner CME Group CME.O showed.For the month, futures ADV was 676,446 contracts, up 16.3% from a year ago. Futures ADV hit a mo...Reuters
Tue, Mar 4
METALS-Copper falls as tariff tensions escalate
By Polina Devitt LONDON, March 4 (Reuters) - Copper fell on Tuesday as trade war fears resurfaced after U.S. President Donald Trump's tariffs on China, Canada and Mexico, but prices remained in a tight range as the dollar weakened.Three-month copper CMCU3 on the London Metal Exchange (LME) CM...Reuters
Tue, Mar 4
FACTBOX-How much crude oil did the US import by country in 2024?
HOUSTON, Jan 30 (Reuters) - U.S. President Donald Trump's new 25% tariffs on imports from Mexico and a 10% tariff on Canadian energy took effect on Tuesday, along with a doubling of duties on Chinese goods to 20%, sparking trade wars that could slam economic growth and raise gasoline prices for ...Reuters
Tue, Mar 4
Trump to meet with hardline Republicans as shutdown looms, report says
WASHINGTON, March 4 (Reuters) - President Donald Trump will meet with members of the House Republican's ultraconservative Freedom Caucus at the White House on Wednesday, Punchbowl News reported on Tuesday, as lawmakers grapple with making a deal to fund the U.S. government ahead of a March 14 de...Reuters
Tue, Mar 4
Hershey says ICE cocoa futures market is disconnected from reality
NEW YORK, March 4 (Reuters) - Chocolate maker Hershey Co HSY.N said ICE ICE.N New York cocoa futures market is disconnected from the reality of the global physical market due to the exchange's actions that led to lack of liquidity and increased volatility.Hershey's Vice President for Procure...Reuters
Tue, Mar 4
Canada is imposing 25% tariffs on $30 bln of US imports, says Trudeau
OTTAWA, March 4 (Reuters) - Canada is imposing 25% tariffs on C$30 billion worth of U.S. imports with immediate effect, Prime Minister Justin Trudeau told reporters on Tuesday.Trudeau made the announcement just hours after U.S. President Donald Trump slapped 25% tariffs on imports from Mexico and Ca...Reuters
Tue, Mar 4
Miner Teck plans to sell to Asia to avoid US tariffs
By Divya Rajagopal TORONTO, March 4 (Reuters) - Canadian miner Teck TECKb.TO has been developing plans to sell zinc to Asia instead of the U.S. to circumvent tariffs from President Donald Trump's administration on Canadian imports, CEO Jonathan Price on Tuesday. Teck, which sells most of its ...Reuters
Tue, Mar 4
ERCOT Issues Operating Condition Notice Due To Wildfire Risk In West Texas Area
March 4 (Reuters) - ELECTRICITY RELIABILITY COUNCIL OF TEXAS (ERCOT):ISSUES OPERATING CONDITION NOTICE FOR MARCH 4 THROUGH 24:00 TUESDAY, MARCH 4 DUE TO WILDFIRE RISK IN A LARGE PORTION OF THE WEST TEXAS AREAReuters
Tue, Mar 4
US orders wind down of Chevron's oil exports from Venezuela in 30 days
WASHINGTON, March 4 (Reuters) - U.S. President Donald Trump's administration said on Tuesday it is ending a license that it had granted to U.S. oil producer Chevron CVX.N since 2022 to operate in Venezuela and export its oil, after Washington accused President Nicolas Maduro of not making progre...Reuters
Tue, Mar 4
US allows wind down of Chevron-Venezuela transactions until April 3
WASHINGTON, March 4 (Reuters) - The United States on Tuesday said it would allow the wind down of certain transactions related to Chevron's CVX.N joint venture with Venezuela through 12:01 a.m. on April 3, 2025, according to a notice on the U.S. Treasury Department's website.Representatives ...Reuters
Tue, Mar 4
