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CORRECTED-Low-sulphur gasoil deliveries for April fall at expiry, ICE data shows
April 10 (Reuters) - Deliveries of low-sulphur gasoil LGOc1 for April fell to 1,568 lots or 156,800 tons at expiry, down from 265,900 lots in March, Intercontinental Exchange data showed on Friday.The contract expired at $1,320.25 a ton.
Reuters
Fri, Apr 10
US drillers cut oil and gas rigs for third time in four weeks, Baker Hughes says
NEW YORK, April 10 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the third time in four weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.
Reuters
Fri, Apr 10
United States Baker Hughes US Oil Rig Count up to 411 from previous 409
United States Baker Hughes US Oil Rig Count up to 411 from previous 409
Fxstreet
Fri, Apr 10
Brazilian pulp giant Suzano sees global prices rising for toilet paper, tissues if Iran war prolonged
By Richa NaiduLONDON, April 10 (Reuters) - Brazilian pulp giant Suzano SUZB3.SA said on Friday that global prices will rise for toilet paper, tissues and diapers as companies seek to cover the higher costs of transportation and chemicals if the U.S.-Israeli war on Iran continues.Suzano, which has a ...
Reuters
Fri, Apr 10
Valero Pulls Back On Mexican Oil After Texas Refinery Blast - Bloomberg News
April 10 (Reuters) - VALERO PULLS BACK ON MEXICAN OIL AFTER TEXAS REFINERY BLAST - BLOOMBERG NEWSVALERO HAS AGREED TO BUY ONE CARGO FROM MEXICO OF LESS THAN 200,000 BARRELS THIS MONTH - BLOOMBERG NEWSSource text: [https://tinyurl.com/c6pxh7as]
Reuters
Fri, Apr 10
FERC approves NextDecade's request for more workers and longer hours at Texas site
HOUSTON, April 10 (Reuters) - U.S. federal regulators on Friday approved a request by NextDecade NEXT.O to increase the peak number of construction workers at its Rio Grande LNG project in Texas, according to a regulatory filing.NextDecade told regulators that global geopolitical tensions had height...
Reuters
Fri, Apr 10
EU wheat stays weak with US-Iran ceasefire talks in focus
PARIS, April 10 (Reuters) - Euronext wheat fell for a third session on Friday, pressured by ample global supply and a tentative Middle East truce before U.S.-Iran talks. May milling wheat BL2K6 on Paris-based Euronext, was down 0.1% at 195.25 euros ($228.89) a metric ton by 1607 GMT.The contract ear...
Reuters
Fri, Apr 10
PJM Issues Hot Weather Alert for Mid-Atlantic and Southern Regions for April 14–15
April 10 (Reuters) - PJM INTERCONNECTION:ISSUED A HOT WEATHER ALERT FOR ITS MID-ATLANTIC AND SOUTHERN REGIONS FOR APRIL 14–15 AHEAD OF FORECASTED UNUSUALLY WARM AND HUMID SPRING WEATHERA HOT WEATHER ALERT IS A ROUTINE PROCEDURE PJM ISSUES AHEAD OF FORECASTED HOT WEATHER AND/OR HIGH HUMIDITY TO PREPA...
Reuters
Fri, Apr 10
What the Trump tax breaks giveth, the gasoline pump taketh away
Rising gas prices threaten to offset tax refund gains, especially for lower-income AmericansWealthier taxpayers benefit more from new deductions, data from Tax Foundation and IRS showsEconomists cut US consumption, GDP forecasts due to higher energy costsBy David Lawder WASHINGTON, April 10 (Reut...
Reuters
Fri, Apr 10
Brazilian court keeps oil export tax suspension for some firms
SAO PAULO, April 10 (Reuters) - A Brazilian federal court has denied a government appeal and maintained the suspension of an oil export tax for some companies, including Shell , TotalEnergies TTEF.PA, Equinor EQNR.OL, Petrogal and Repsol Sinopec REP.MC, according to a ruling dated late Thursday.The ...
Reuters
Fri, Apr 10
Middle East war spotlights Florida's fuel supply vulnerability
Florida fuel costs rose over national average due to warUS Gulf Coast fuel typically bought by Florida headed to international marketsFlorida's population boom has raised fuel demand, analysts say By Shariq Khan NEW YORK, April 10 (Reuters) - Florida residents have paid significantly more tha...
Reuters
Fri, Apr 10
PRECIOUS-Gold heads for weekly gain, US-Iran truce in focus
Strait of Hormuz still shut and Lebanon fighting strains truce US consumer prices surge as expected in MarchSpot gold up over 2% this week By Ashitha Shivaprasad April 10 (Reuters) - Gold prices inched up on Friday and headed for a weekly gain as the U.S. dollar weakened following the U.S.-Iran t...
Reuters
Fri, Apr 10
Ukraine steelmaker Metinvest to repay bond after extension talks
LONDON, April 10 (Reuters) - Ukraine steelmaker Metinvest said on Friday it would make a near $430 bond payment due later this month, seeing this as the preferred option after holding talks with holders of the debt about a potential extension of the deadline.Metinvest, which remains Ukraine's la...
Reuters
Fri, Apr 10
Mexico's Dos Bocas refinery remains operational after fire, Pemex says
MEXICO CITY, April 10 (Reuters) - Mexican state oil firm Pemex said on Friday its Dos Bocas refinery remains operational after a fire broke out on Thursday. "It has been confirmed that no staff members were injured or suffered from food poisoning, and the causes of the incident are being investi...
Reuters
Fri, Apr 10
Iran parliament speaker says Lebanon ceasefire, asset release must precede talks
CAIRO, April 10 (Reuters) - Iran's parliament speaker Mohammad Baqer Qalibaf said on Friday that two previously agreed measures, a ceasefire in Lebanon and the release of Iran's blocked assets, must be implemented before negotiations begin.In a post on X on Friday, Qalibaf said the steps we...
Reuters
Fri, Apr 10
Oil: Fragile ceasefire keeps supply risks elevated – Wells Fargo
Wells Fargo’s international economics team notes that a fragile ceasefire in the Middle East leaves Oil market risks elevated and conviction on the outlook low.
Fxstreet
Fri, Apr 10
Spat over oil price relief exposes strains in Germany's coalition
German coalition divided over response to higher fuel pricesEconomy minister calls coalition partner's proposals 'expensive and ineffective'Merz takes dim view of Reiche stoking coalition divisions, source saysBy Andreas Rinke and Ludwig Burger BERLIN, April 10 (Reuters) - Germany'...
Reuters
Fri, Apr 10
EXPLAINER-Can the US and Iran bridge their differences in talks?
April 10 (Reuters) - The U.S. and Iran are set to hold peace talks in Pakistan, which has been mediating, but remain deeply divided on key issues, even though President Donald Trump has said proposals presented by Tehran were a "basis" for talks.Each side is sticking to competing demands for...
Reuters
Fri, Apr 10
Descalzi secures record fifth term at helm of Italy's Eni
Descalzi cements position as longest serving CEO of an oil majorEni shares underperformed other oil majors under DescalziGreen groups criticise Eni for contributing to global warningBy Francesca Landini and Giuseppe Fonte ROME/MILAN, April 10 (Reuters) - Italy's Treasury has proposed the reap...
Reuters
Fri, Apr 10
US natgas hits 17-month low on mild weather, ample stockpiles
Mild weather and low demand boost gas storage above 5-year averageWaha Hub prices remain negative for record 45 days due to Permian pipeline constraintsUS gas output rises in April but daily production dips on Louisiana, Wyoming reductionsBy Scott DiSavino NEW YORK, April 10 (Reuters) - U.S. natu...
Reuters
Fri, Apr 10
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