News
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Oil jumps to highest settlement since July 2022 as more Mideast supply disrupted
US deploys more troops to Middle East, Trump comments on IranIraq declares force majeure on some oilfieldsStrait of Hormuz disruptions keep oil prices high, analysts sayBy Georgina McCartney HOUSTON, March 20 (Reuters) - Oil prices jumped on Friday and settled at their highest in nearly four ...Reuters
Fri, Mar 20
Russia says multiple cattle illnesses are complicating Siberian outbreak
Culling of sick cattle sparks rare protestsOfficial says other illnesses complicating pasteurellosis outbreakUS report cites possibility of foot-and-mouth diseaseRussia denies allegations in USDA reportBy Gleb Bryanski MOSCOW, March 20 (Reuters) - Russian authorities said on Friday "other...Reuters
Fri, Mar 20
Iraq cuts Basra oil output to 900,000 bpd from 3.3 million bpd after southern exports halt
March 20 (Reuters) - Iraq's Oil Minister Hayan Abdel-Ghani said crude production at Basra Oil Company has been cut to 900,000 barrels per day (bpd) from 3.3 million bpd after exports from the country's southern ports were halted, the ministry said on Friday.The produced quantities were being...Reuters
Fri, Mar 20
AEP Ohio To Invest $4.2 Bln In Appalachian Infrastructure Without Rate Hike
March 20 (Reuters) - American Electric Power Company Inc AEP.O:AEP OHIO PARTNERS TO BRING $4.2B IN NEW ELECTRIC INFRASTRUCTURE IN APPALACHIAN OHIO WITHOUT RAISING CUSTOMER RATESAEP OHIO: TO BUILD 765-KV TRANSMISSION INFRASTRUCTURE FOR DATA CENTER IN PIKETON, OHIOAEP OHIO - 10-GIGAWATT DATA CENTER CA...Reuters
Fri, Mar 20
US natural gas futures drop 2% on output rise, milder weather forecasts
U.S. natural gas futures fall 2% on rising output, mild weather forecastsWaha Hub prices negative for 31 days due to pipeline constraintsU.S. LNG exports remain high as global price surges from Iran warBy Scott DiSavino NEW YORK, March 20 (Reuters) - U.S. natural gas futures slid about 2% on Frid...Reuters
Fri, Mar 20
PRECIOUS-Gold falls 1.8% after report of US sending more troops to Middle East
US dollar and Treasury yields extend gains Silver, platinum and palladium head for weekly fall By Ashitha Shivaprasad March 20 (Reuters) - Gold prices fell by 1.8% on Friday as the dollar strengthened on a report that the United States will deploy extra troops in the Middle East, fanning concerns...Reuters
Fri, Mar 20
Iraq declares force majeure on foreign-operated oilfields over Hormuz disruption, sources say
BAGHDAD, March 20 (Reuters) - Iraq has declared force majeure on all oilfields developed by foreign oil companies, as military operations in the region have disrupted navigation through the Strait of Hormuz, preventing most of the country's crude exports from moving, oil ministry sources said.Reuters
Fri, Mar 20
Brazil's Lula pitches Petrobras-Pemex partnership, signals plan to buy back refinery
SAO PAULO, March 20 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Friday he had proposed a partnership between state-run energy firms Petrobras PETR3.SA of Brazil and Pemex PEMX.UL of Mexico to explore oil in the Gulf of Mexico."Pemex could get a great deal of help from Petro...Reuters
Fri, Mar 20
REFILE-Mexico's coastal communities fear more crude contamination as spill source unclear
By Tamara CorroCOATZACOALCOS, Mexico, March 20 (Reuters) - Residents along Mexico's Gulf Coast fear more crude oil will wash onto beaches in Tabasco and Veracruz states nearly a month after the first signs of contamination were detected, as authorities investigate the source of the spill.The con...Reuters
Fri, Mar 20
EU wheat slips to two-week low as traders ponder Iran war outcomes
PARIS, March 20 (Reuters) - Euronext wheat fell to a two-week low on Friday as traders adjusted positions before the weekend as they assessed the possible course of the U.S.-Israeli war on Iran.May milling wheat BL2K6, Euronext's most-active position, settled down 1.8% at 203.25 euros ($235.08) ...Reuters
Fri, Mar 20
GRAINS-Corn and wheat lower as crude rally pauses
Grain and oilseed futures pressured as crude oil fallsUS wheat belt expected to see precipitationDollar strength weighs on commoditiesBy Renee Hickman CHICAGO, March 20 (Reuters) - Chicago grains and oilseeds retreated on Friday as a crude oil rally cooled and the dollar regained ground. ...Reuters
Fri, Mar 20
Chicago sues Trump administration over $3.1 billion in frozen transit funding
March 20 (Reuters) - The Chicago Transit Agency on Friday sued the Trump administration after the White House in October froze $3.1 billion in funding for major Chicago subway projects, saying it was an act of political retaliation.The suit, filed in U.S. District Court in Chicago, said the federal ...Reuters
Fri, Mar 20
Europe Gasoline/Naphtha-Gasoline refining margins drop
LONDON, March 19 (Reuters) - Northwest European gasoline refinery profit margins dropped by about $1.85 a barrel on Friday.About 20,000 metric tons of E10 gasoline barges traded in the Argus window as TotalEnergies, Sahara and Trafigura sold to Varo, Glencore, and Sahara. An additional 10,000 tons o...Reuters
Fri, Mar 20
US drillers cut oil and gas rigs for first time in three weeks, says Baker Hughes
By Scott DiSavino NEW YORK, March 20 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday. The oil and gas rig count, an early in...Reuters
Fri, Mar 20
TSA absences remain steady Thursday as shutdown continues
WASHINGTON, March 20 (Reuters) - Absences among Transportation Security Administration airport security officers fell slightly on Thursday to 9.8% nationwide but was much higher at some major airports, the government said on Friday.The absenteeism rate among the 50,000 TSA officers fell from 10.2% o...Reuters
Fri, Mar 20
Easter egg prices to stay high despite cocoa price crash, report says
Cocoa futures fell over 70% since 2024 peakRetail prices remain high due to advance cocoa purchasesPrice reductions expected by mid-2026, says Wells FargoBy Marcelo Teixeira NEW YORK, March 20 (Reuters) - Prices for chocolate eggs and bunnies will remain high this Easter in the United States desp...Reuters
Fri, Mar 20
Tanker carrying fuel originally bound for Cuba diverts to Trinidad, shipping data shows
Vessel Sea Horse had loaded a Russian-origin cargo earlier this yearUS Treasury said a waiver to Russian cargoes does not cover sales to CubaTrinidad receiving interest in storing oil thereBy Marianna Parraga March 20 (Reuters) - A tanker carrying fuel originally bound for Cuba on Friday changed ...Reuters
Fri, Mar 20
Brazil's Lula says Petrobras will seek to buy back refinery sold to Mubadala
SAO PAULO, March 20 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Friday that state-run oil company Petrobras PETR3.SA will seek to buy back a refinery in Bahia state that was sold to Abu Dhabi's sovereign fund Mubadala in 2021, under his predecessor Jair Bolsonaro."They ...Reuters
Fri, Mar 20
US drillers cut oil and gas rigs for first time in three weeks, says Baker Hughes
By Scott DiSavinoNEW YORK, March 20 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.Reuters
Fri, Mar 20
