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EXCLUSIVE-Kazakhstan hikes oil output to a record high of 2.12 mln bpd in February, source says
MOSCOW, March 3 (Reuters) - Kazakhstan raised crude oil and gas condensate production in February by 13% from January to a record high 2.12 million barrels per day, a source told Reuters on Monday, again exceeding its quota within the OPEC+ group of oil producers.Excluding gas condensate, a type of ...Reuters
Mon, Mar 3
Genesis Energy sells soda ash operations for $1.43 bln
Adds shares in paragraph 2, CEO quote in paragraph 3, background on alkali business in last three paragraphsMarch 3 (Reuters) - Genesis Energy GEL.N said on Monday it had sold its soda ash manufacturing and related operations to an indirect unit of WE Soda for $1.43 billion, helping the pipeline ope...Reuters
Mon, Mar 3
U.S. nuclear power plant outages
Adds outages tableMarch 3 (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 ...Reuters
Mon, Mar 3
PRESS DIGEST-Canada - March 3
March 3 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL** Canadian homebuilders are fearing a return to pandemic-era construction cost increases as the U.S. gets ready to ...Reuters
Mon, Mar 3
Ivory Coast gold output expected to reach record high this year
ABIDJAN, March 3 (Reuters) - Ivory Coast's gold output is expected to hit a record high this year, boosted by production from the Lafigue mine, which was inaugurated in 2024, a top industry official, Jean-Claude Diplo, told Reuters.The world's largest cocoa producer is seeking to develop its...Reuters
Mon, Mar 3
JP Morgan sees copper prices at $11,000/mt in 2026, 10% tariffs by late 3Q25
March 3 (Reuters) - JP Morgan expects the global deficit in refined copper to grow to 160,000 metric tons in 2026 and continues to forecast copper prices averaging around $11,000 per metric ton next year, the bank said in a note dated Friday. Following U.S. President Donald Trump's decision to o...Reuters
Mon, Mar 3
GRAINS-Weaker dollar supports wheat, tariff worry hits corn and soybeans
Impact of U.S. tariffs on agriculture markets in focusDryness in U.S. supports wheat futuresRecasts with European trade, adds new comment, changes datelineBy Michael Hogan HAMBURG, March 3 (Reuters) - Chicago wheat rose on Monday from one-month lows hit on Friday as export-boosting dollar wea...Reuters
Mon, Mar 3
Nord Stream 2 pipeline not certified, Berlin says after report of potential use
BERLIN, March 3 (Reuters) - The Nord Stream 2 Baltic Sea gas pipeline is not certified and therefore could not be used, a German government spokesperson said on Monday in response to a report about potentially bringing the pipeline on stream."The Nord Stream 2 pipeline is not certified and there...Reuters
Mon, Mar 3
Sheep grazing under solar panels help US farmers to survive crop-price slump
Strain in U.S. farm economy prompts crop farmers to diversifyUS sheep herd grew for first time since 2016One solar firm running sheep breeding program to meet demandBy P.J. Huffstutter CHICAGO, March 3 (Reuters) - For the first time in four generations, the Raines family didn't plant a single...Reuters
Mon, Mar 3
Trump's tariffs threat hits Canada's oil and gas drillers
Canada sends 90% of oil exports to US refinersCanadian drilling sector still not recovered from decade of job lossesRetaliatory tariffs would raise cost of drilling inputsBy Amanda Stephenson CALGARY, March 3 (Reuters) - Canada's oilfield drilling and services sector is already showing signs ...Reuters
Mon, Mar 3
Trump trade threats compound global ocean shipping uncertainty
US threats of hefty tariffs and million-dollar port fees raise alarmsExperts call protectionist moves by US 'unprecedented'Global shipping rates soften, weakening carriers' hand as contract renegotiation beginsBy Lisa Baertlein LONG BEACH, California, March 3 (Reuters) - The global oc...Reuters
Mon, Mar 3
REFILE-FACTBOX-Trump's China tariff plans put US farm exports at risk
Refile to fix typo in headlineBy Mei Mei Chu BEIJING, March 3 (Reuters) - Chinese imports of U.S. farm goods, which have declined sharply since the Washington-Beijing trade war during President Donald Trump's first term, are expected to drop further as Beijing prepares retaliatory measures ag...Reuters
Mon, Mar 3
PRECIOUS-Safe-haven gold gains on weak U.S. dollar and tariff concerns
U.S. payrolls data due on FridayUBS sees room for larger gains in silver Gold’s downside remains limited, says analystUpdates prices as of 0939 GMTBy Rahul Paswan March 3 (Reuters) - Gold prices firmed on Monday after hitting a more than three-week low in the previous session, supported by a weak...Reuters
Mon, Mar 3
China's trade dominance in South America tempers Trump's influence
South America's exports to China driven by commodities boomChina is welcomed as a pragmatic partner ready to do businessEven Trump ally Milei sees trade with China as crucial for ArgentinaBy Adam Jourdan, Lisandra Paraguassu, Eduardo Baptista, Michael Martina BUENOS AIRES/BRASILIA/BEIJING/WAS...Reuters
Mon, Mar 3
Brazil's coffee stockpiles dwindle as prices hit record highs
Brazil's coffee stockpile nearly depleted due to drought and high global pricesFarmers sold most of 2024 crop, leaving low inventory levelsRoasters face challenges as coffee prices soar, quality may declineBy Roberto Samora and Marcelo Teixeira GUAXUPE, Brazil, March 3 (Reuters) - In a Brazil...Reuters
Mon, Mar 3
EUROPE GAS-Prices rise amid Ukraine concerns, strong demand
LONDON, March 3 (Reuters) - Dutch and British wholesale gas prices rose on Monday morning as concerns over a peace deal for Ukraine and strong demand supported the market.The benchmark front-month contract at the Dutch TTF hub TRNLTTFMc1 was up 2.19 euros at 46.50 euros per megawatt hour (MWh)...Reuters
Mon, Mar 3
Lockton launches parametric hurricane cover for docked yachts
By Henry GaleMarch 3 - (The Insurer) - Lockton has launched a new parametric product for yachts in the U.S. that pays claims if hurricanes pass within a certain distance of a vessel.NormanMax Syndicate 3939 and Munich Re subsidiary Great Lakes Insurance SE are providing capacity.The product is avail...Reuters
Mon, Mar 3
