News
Important Only
EU to present action plan for steel sector on March 19
March 4 (Reuters) - The EU will present an action plan to make Europe's ailing steel sector more competitive and to shield it from looming U.S. trade tariffs on March 19, EU Commission President Ursula von der Leyen said on Tuesday.The action plan follows a 'strategic dialogue' with key ...Reuters
Tue, Mar 4
COMMENT-Clouds, twists and tariffs shaping the rand's outlook
March 4 (Reuters) - Friday's dollar rally dealt the rand a blow and damaged the underlying USD/ZAR bear trend, and despite Trump's international trade policy unsettling the broader market on Tuesday there are chart warnings of a potential ZAR recovery. South African growth numbers for the fo...Reuters
Tue, Mar 4
RPT-COLUMN-Low wind speeds may limit Texas' power system maintenance window: Maguire
By Gavin MaguireLITTLETON, Colorado, March 4 (Reuters) - An enduring spell of low wind speeds across Texas has forced the state's power firms to increase generation from fossil fuels to record highs so far in 2025, potentially leading power firms to shorten or delay planned maintenance breaks th...Reuters
Tue, Mar 4
Ukraine's military says it hit Russian oil facilities
KYIV, March 4 (Reuters) - Ukraine's military said on Tuesday it had carried out attacks overnight on oil pumping infrastructure in Russia's Rostov region and on an oil refinery in Samara region, where it said a fire had started.A military statement on social media also mentioned "powerfu...Reuters
Tue, Mar 4
Goldman sees downside risks to 2025-2026 Brent forecasts amid OPEC+ output increase
March 4 (Reuters) - Goldman Sachs sees downside risks to its average Brent forecasts for 2025 and 2026 in the wake of OPEC+’s plans to increase oil output in April, including softer demand based on recent U.S. activity data and tariff escalation.The output increase is the first since 2022 from OPEC+...Reuters
Tue, Mar 4
Russia seeks deeper ties with Myanmar in trade and nuclear energy
Putin and Hlaing to meetHlaing rarely travels abroadRussia seeks widening of cooperationKremlin: documents will be signed MOSCOW, March 4 (Reuters) - Russia told Myanmar's leader and military junta chief Min Aung Hlaing on Tuesday that Moscow saw good prospects for expanding cooperation ...Reuters
Tue, Mar 4
Harmony says gold rally windfall to help fund new Australian copper mine
New copper mine expected online in 2029Could produce up to 60,000 T of copper annually, company saysMine cost to exceed earlier $600 million estimate, CEO saysGold rally drives Harmony's half-year profit up 33%By Felix Njini and Nelson BanyaJOHANNESBURG, March 4 (Reuters) - Harmony Gold HARJ.J,...Reuters
Tue, Mar 4
Kazakhstan plans 12% increase in Caspian CPC oil exports in March, Energy Ministry says
MOSCOW, March 4 (Reuters) - Kazakhstan plans to increase its oil exports through the Caspian Pipeline Consortium (CPC) pipeline to 6.7 million metric tons in March, from 5.4 million tons in February, Kazakhstan's Energy Ministry told Reuters in a written response to questions. The proposed amoun...Reuters
Tue, Mar 4
China's suspends soybean import from three U.S exporters, halts log imports
BEIJING, March 4 (Reuters) - China suspended the soybean import qualifications from three U.S exporters and halted the imports of U.S. lumber from Tuesday, the customs department said in a statement.The three U.S. companies affected are CHS Inc, Louis Dreyfus Company Grains Merchandising LLC and EGT...Reuters
Tue, Mar 4
China hits US agriculture, says won't be bullied by fresh Trump tariffs
China slaps 10%-15% retaliatory levies on US agriculture exportsLevies will affect approximately $21 billion in US exportsPlaces 25 US firms under export and investment controlsBeijing still hopes to negotiate truce with Trump team, analystsTensions risk worsening US inflation, China economic recove...Reuters
Tue, Mar 4
TIMELINE-How China reduced its reliance on US farm imports and sharpened its trade war toolkit
By Mei Mei Chu March 4 (Reuters) - Since the U.S. and China imposed tit-for-tat tariffs in a trade war during U.S. President Donald Trump's first term, Beijing has taken steps to reduce its reliance on American farm goods in a wider effort to bolster its food security.That means China can wie...Reuters
Tue, Mar 4
EUROPE GAS-Prices down on milder temperatures
LONDON, March 4 (Reuters) - Dutch and British wholesale gas prices fell on Tuesday morning as warmer weather forecasts for this week decreased heating demand but concerns over the Ukraine-Russia conflict persist.The benchmark front-month contract at the Dutch TTF hub TRNLTTFMc1 was down 1.19 euros a...Reuters
Tue, Mar 4
South Korea and US to form working group on Alaska LNG project, tariffs
By Joyce Lee and Hyunjoo JinSEOUL, March 4 (Reuters) - South Korea and the United States have agreed to establish a working-level group to discuss a gas pipeline project in Alaska, energy, shipbuilding, tariffs and non-tariff barriers, South Korea's Industry Minister Ahn Duk-geun said on Tuesday...Reuters
Tue, Mar 4
Oil Product Deliveries To Spanish Market From Fuel Distributor Exolum Terminals Increased By 9.2% In February YoY
March 4 (Reuters) - Exolum:OIL PRODUCT DELIVERIES TO THE SPANISH MARKET FROM FUEL DISTRIBUTOR EXOLUM TERMINALS INCREASED BY 9.2% IN FEBRUARY YEAR ON YEARSource text: https://tinyurl.com/z37zk49xReuters
Tue, Mar 4
Stellantis welcomes EU move to soften car emission targets
MILAN, March 4 (Reuters) - Automaker Stellantis STLAM.MI said on Tuesday it welcomed the European Commission's announcement that it would propose a softening of the bloc's carbon emission targets for cars.The Commission, the European Union executive body, yielded to pressure from European au...Reuters
Tue, Mar 4
Russia's Sakhalin LNG, oil and gas output down in 2024
MOSCOW, March 4 (Reuters) - Production of liquefied natural gas (LNG), as well as oil and gas, declined in 2024 in Russia's Pacific island of Sakhalin in 2024, according to local administration.Production of LNG at Sakhalin Energy project, led by Kremlin-controlled Gazprom GAZP.MM, declined last...Reuters
Tue, Mar 4
