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CERAWEEK-Chaos at Houston airport has attendees scrambling as big energy confab winds down
Travelers wait for hours at George Bush Intercontinental AirportSome CERAWeek attendees driving to airports farther awayOthers switch to flights from Houston's William P. Hobby Airport By Amanda Stephenson, Liz Hampton and Nathan CrooksHOUSTON, March 25 (Reuters) - While the most pressing quest...Reuters
Wed, Mar 25
Australia's Woodside Energy assumes control of Beaumont ammonia facility in Texas
March 26 (Reuters) - Australian oil and gas producer Woodside Energy WDS.AX said on Thursday it assumed operational control of the Beaumont New Ammonia facility in Texas following the completion of performance testing and handover from OCI Global.The facility has capacity to produce and export up to...Reuters
Wed, Mar 25
Valero begins restart of Port Arthur, Texas refinery, sources say
HOUSTON, March 25 (Reuters) - Valero Energy Corp VLO.N began restarting its 380,000 barrel-per-day Port Arthur, Texas refinery on Wednesday, two days after an explosion rocked the plant, said people familiar with plant operations.The refinery's 47,000-bpd unit 243 diesel hydrotreater which explo...Reuters
Wed, Mar 25
US Plains HRW Wheat-Basis mostly steady
CHICAGO, March 25 (Reuters) - Basis bids for hard red winter (HRW) wheat were mostly unchanged in a spot check of locations in the southern U.S. Plains on Wednesday. Dry weather in the Southern Plains continues to stress the winter wheat crop. Limited rains are forecast for the region in the coming...Reuters
Wed, Mar 25
Australia's Woodside Energy assumes control of Beaumont ammonia facility in Texas
March 26 (Reuters) - Australian oil and gas producer Woodside Energy WDS.AX said on Thursday it assumed operational control of the Beaumont New Ammonia facility in Texas following the completion of performance testing and handover from OCI Global.The facility has capacity to produce and export up to...Reuters
Wed, Mar 25
Mexico to announce support measures for trucking industry
MEXICO CITY, March 25 (Reuters) - Mexico's government will roll out measures to support the trucking industry during the morning presidential press conference on Thursday, the economy ministry said on Wednesday.The ministry did not give further detail on the measures. Around 80% of trade, by val...Reuters
Wed, Mar 25
JBS posts stable profit in Q4 despite record revenue
SAO PAULO, March 25 (Reuters) - Brazil's JBS JBS.N, the world's largest meat company, on Wednesday reported a nearly flat fourth-quarter net profit as record revenue failed to offset tighter margins, especially in its U.S. beef business.The Brazilian company posted a net profit of $415 milli...Reuters
Wed, Mar 25
Enerpac Tool Q2 sales beat estimates, driven by strong performance in IT&S segment
OverviewU.S. industrial tools maker's fiscal Q2 sales rose 6%, beating analyst expectationsAdjusted EPS for fiscal Q2 met analyst expectationsEnerpac Tool Group Corp repurchased $51 mln in shares during the quarterOutlookEnerpac Tool sees full-year net sales of $635 mln to $650 mlnCompany expect...Reuters
Wed, Mar 25
CERAWEEK-Nigeria has seen a spike in interest from buyers for its LNG cargoes, NNPC says
HOUSTON, March 25 (Reuters) - Nigeria has seen a spike in interest from buyers for its LNG cargoes as the conflict in the Middle East has created opportunities for the African country because of its location and size of reserves, Nigerian National Petroleum Company EVP Olalekan Ogunleye said Wednesd...Reuters
Wed, Mar 25
US Postal Service seeks temporary 8% price hike to address fuel costs
By David Shepardson WASHINGTON, March 25 (Reuters) - The U.S. Postal Service said on Wednesday it is seeking approval for a temporary 8% price hike for priority mail and package deliveries, effective April 26, to deal with rising transportation fuel costs.The USPS, which needs approval from the ...Reuters
Wed, Mar 25
CERAWEEK-Argentina's energy trade surplus could reach $11 bln this year, Tecpetrol says
HOUSTON, March 25 (Reuters) - Argentina's energy trade surplus could reach $11 billion this year due to high oil and gas prices and an increasing volume of crude oil exports, the chief executive of producer Tecpetrol, Ricardo Markous, said on Wednesday.Analysts and companies had previously estim...Reuters
Wed, Mar 25
TC Energy inks new deals for GasLink expansion
March 25 (Reuters) - TC Energy TRP.TO said on Wednesday that its Coastal GasLink pipeline project has signed commercial agreements with LNG Canada to advance the project's second phase.The agreements mark a key milestone for Coastal GasLink Phase 2, which still requires a final investment decisi...Reuters
Wed, Mar 25
LIVESTOCK-CME cattle mixed in light trading
CHICAGO, March 25 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures traded on both sides of unchanged on Wednesday amid a lack of fresh news as traders continued to eye the cash cattle market and equity markets.CME June live cattle LCM26 settled 0.75 cent lower at 233.85 cents p...Reuters
Wed, Mar 25
Canada's Orezone Q4 revenue rises, gold output drops
OverviewCanada gold miner's Q4 revenue grew yr/yr, gold production fell 17% due to lower head gradesCompany completed Casa Berardi gold mine acquisition after quarter-endOutlookOrezone sees 2026 Bomboré gold production at 160,000-180,000 ozCompany expects 2026 Bomboré AISC at $2,100-$2,300/oz so...Reuters
Wed, Mar 25
POLL-US 2026 corn seeding seen at 94.371 mln acres, soy at 85.549 mln
March 25 (Reuters) - Following are analysts' estimates for 2026 U.S. corn, soybean and wheat plantings ahead of the U.S. Department of Agriculture's planting intentions report, which is scheduled to be released at 12 p.m. EDT (1600 GMT) on Tuesday, March 31.All figures are in millions of acr...Reuters
Wed, Mar 25
White House rejects Elon Musk offer to cover TSA worker pay, CBS News reports
March 25 (Reuters) - The White House has rejected an offer from billionaire entrepreneur Elon Musk to cover the paychecks of U.S. Transportation Security Administration officers during a partial government shutdown, CBS News reported on Wednesday.Reuters
Wed, Mar 25
CERAWEEK-India's Cairn reduces output 10% due to shipping complications from Middle East crisis
HOUSTON, March 25 (Reuters) - Cairn Oil & Gas, India's largest private oil and gas producer, has reduced output by 10% from 110,000 barrels per day due mainly to shipping logistic complications caused by the Middle East crisis, said Cairn founder Anil Agarwal on Wednesday.Agarwal said the co...Reuters
Wed, Mar 25
Residents and wildlife along Mexico's coast bear the brunt of Pemex oil spill
By Luis Manuel LopezPARAISO, March 25 (Reuters) - Shortly before dawn on March 17, Guillermo Risso saw a distant flash of light illuminating the night sky and thought that the Olmeca refinery, owned by Mexico's state oil company Pemex, must be on fire. "It was an explosion, the entire refine...Reuters
Wed, Mar 25
Oil prices drop 2% as Iran considers US proposal to end war
Iran reviews US proposal, oil shipments via Strait of Hormuz largely haltedUkraine attacks halt 40% of Russia's oil export capacityUS oil inventories rise by 6.9 million barrels, exceeding forecastsBy Scott DiSavino NEW YORK, March 25 (Reuters) - Oil prices slid about 2% on Wednesday afte...Reuters
Wed, Mar 25
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