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Southwest to fly wine for free in rare perk as airline fees rise
April 8 (Reuters) - Southwest Airlines LUV.N will fly wine for free from parts of the U.S. West Coast after launching new flights to California's wine country, in a rare freebie as carriers pile on additional charges to cover high jet fuel costs.A spokesperson for the carrier said on Wednesday i...Reuters
Wed, Apr 8
Exxon plans spring and year-end overhauls at Beaumont, Texas refinery, sources say
HOUSTON, April 8 (Reuters) - Exxon Mobil Corp XOM.N plans overhauls in the spring and at the end of this year at its 612,000 barrel-per-day Beaumont, Texas refinery, said people familiar with plant operations. In May, Exxon plans to shut the 60,000-bpd coker for a planned overhaul that will continue...Reuters
Wed, Apr 8
US crude output to fall next decade on sub-$70 Brent price forecast, EIA says
EIA projects US crude output to peak in 2025, then decline through mid-2030sLower Brent prices and dwindling prime drilling acreage to weigh on US productionPetroleum demand to fall as EV use rises; natural gas output and exports to increase NEW YORK/HOUSTON, April 8 (Reuters) - U.S. crude pr...Reuters
Wed, Apr 8
US did not agree that ceasefire would cover Lebanon, Vance says
BUDAPEST, April 8 (Reuters) - Vice President JD Vance on Wednesday said Tehran's negotiators thought the U.S.-Iran ceasefire agreed to on Tuesday included Lebanon, but the U.S. had in fact not agreed to that."I think this comes from a legitimate misunderstanding. I think the Iranians thought...Reuters
Wed, Apr 8
CBOT wheat hits 1-month low as crude dives and US weather improves
CHICAGO, April 8 (Reuters) - Chicago Board of Trade wheat futures fell to a one-month low on Wednesday after U.S. President Donald Trump agreed to a two-week ceasefire with Iran, sending crude oil prices CLc1 tumbling. CBOT May soft red winter wheat WK26 settled down 17-3/4 cents at $5.80-1/4 per bu...Reuters
Wed, Apr 8
Vance says US did not agree that ceasefire would cover Lebanon
BUDAPEST, April 8 (Reuters) - Vice President JD Vance on Wednesday said Tehran's negotiators thought the U.S.-Iran ceasefire agreed to on Tuesday included Lebanon, but the U.S. had in fact not agreed to that.Vance was speaking to reporters in Budapest.Reuters
Wed, Apr 8
Iran designates safe paths through the strait of Hormuz under coordination with Revolutionary Guards
CAIRO, April 8 (Reuters) - Iran ports and maritime organization said on Wednesday that safe passage routes through the Strait of Hormuz have designates and must be used by ships in coordination with Iran's Revolutionary Guards, the Student News Network reported. The organization said that the sa...Reuters
Wed, Apr 8
US natgas drops 5% to seven-month low on Iran war ceasefire
Waha Hub prices remain negative for record 43 days due to Permian pipeline constraintsMild weather and rising output to boost US gas storage to 5% above normal, analysts sayUS LNG exports hit record highs as global disruptions drive demandBy Scott DiSavino NEW YORK, April 8 (Reuters) - U.S. natur...Reuters
Wed, Apr 8
US crude production to decline in mid-2030s on sub-$70 Brent price forecast, EIA says
NEW YORK/HOUSTON, April 8 (Reuters) - U.S. crude production is expected to decline through the mid-2030s, with global crude futures trading below $70 per barrel through 2030, the U.S. Energy Information Administration said in its Annual Energy Outlook on Wednesday. The U.S.is expected to produce bet...Reuters
Wed, Apr 8
US Plains HRW Wheat-Spot basis bids flat on light demand, lower futures
CHICAGO, April 8 (Reuters) - Basis bids for hard red winter (HRW) wheat held mostly steady in the southern U.S. Plains on Wednesday, underpinned by lower futures prices but capped by weak demand, grain merchants said.Farmer sales were slow at midweek as wheat futures plunged along with sharply lower...Reuters
Wed, Apr 8
Indiana suspends gas tax for 30 days amid rising prices
By Jasper Ward April 8 (Reuters) - Indiana on Wednesday became the second U.S. state to suspend its gas tax amid the ongoing U.S.-Israeli conflict with Iran. Governor Mike Braun, a Republican, said the suspension of the 7% usage tax on fuel will last 30 days and could be extended depending on ...Reuters
Wed, Apr 8
GRAINS-Wheat, soyoil slide on Iran ceasefire; soybeans turn higher
Wheat hits one-month low, corn dipsDeep losses in crude oil after Trump's ceasefire announcementSoybeans turn up as focus shifts to US-China talks in MayBy Julie Ingwersen CHICAGO, April 8 (Reuters) - Chicago wheat futures fell nearly 3% on Wednesday while corn and soyoil also sagged after U....Reuters
Wed, Apr 8
Gold climbs on US-Iran ceasefire as softer Dollar, Oil lend support
Gold (XAU/USD) advances on Wednesday, yet trades off a three-week high of $4,857 hit earlier in the day, as falling Oil prices weighed on the US Dollar, which weakened to a four-week low in the US Dollar Index (DXY). At the time of writing, the XAU/USD pair trades at $4,735, up more than 0.70%.
Fxstreet
Wed, Apr 8
PRECIOUS-Gold hits nearly three-week high after US-Iran ceasefire
Oil tumbles below $100 a barrelFed minutes show growing openness to rate hikes at March meeting Palladium up over 7%By Ashitha Shivaprasad April 8 (Reuters) - Gold scaled nearly a three-week peak on Wednesday, as the U.S. dollar and oil prices fell after Washington and Tehran agreed to a two-week...Reuters
Wed, Apr 8
POLL-US natural gas stockpiles likely rose by 46 billion cubic feet last week
April 8 (Reuters) - U.S. energy firms likely added 46 billion cubic feet of natural gas into storage last week as warmer-than-normal weather kept heating demand low, according to the average estimate in a Reuters poll released on Wednesday. The estimate compares with an injection of 53 bcf during th...Reuters
Wed, Apr 8
Oil tumbles below $100 after Trump announces two-week ceasefire
Iran says it will open Strait of Hormuz for two weeks if attacks stopTrump says Iran has offered a 10-point peace proposal US crude inventories rose more than expected last weekBy Nicole Jao NEW YORK, April 8 (Reuters) - Oil tumbled below $100 a barrel on Wednesday after U.S. President Donald Tru...Reuters
Wed, Apr 8
ANALYSIS-As Trump claims victory, Iran emerges bruised but powerful with leverage over Hormuz
Iran emerges entrenched, retains power after US-Israel warTehran has de facto control of Hormuz chokepointIts plans to charge tolls for safe passage rattle global energy marketsCeasefire seen as fragile pause, risks sharper escalation aheadNuclear, missile and proxy threats remain unresolvedBy Samia...Reuters
Wed, Apr 8
Traders place large $950 million bet on oil price falling hours ahead of ceasefire
Investors sold 8,600 oil futures lots before US-Iran ceasefire, LSEG data showsLarge single trades are rare, typically spread across exchanges to avoid price impactOil trading volumes and volatility have surged since the war, hitting record highsBy Amanda Cooper, Alex Lawler and Ahmad Ghaddar LON...Reuters
Wed, Apr 8
GULF CURRENTS-Gulf’s ‘worst-case scenario’?
By Andrew Mills April 8 (Reuters) - When the history books of the Iran war are written, Tuesday night into Wednesday morning may well rank among the most anxious hours for the modern Gulf.After U.S. President Donald Trump warned Iranians that “a whole civilization will die tonight”, residents fro...Reuters
Wed, Apr 8
'Talks were almost dead': Pakistan's last-ditch effort to secure Iran war truce
Iran accepted ceasefire after Pakistani mediation, U.S. assurancesIsraeli officials opposed deal, deferred to U.S., sources sayPakistan conveyed strongest anger to Iran over Saudi strikeBy Asif Shahzad, Alexander Cornwell and Ariba Shahid ISLAMABAD/TEL AVIV, April 8 (Reuters) - Mediation efforts ...Reuters
Wed, Apr 8
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