News
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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
EXCLUSIVE-Qatar's energy boss says he had warned of dangers of provoking Iran
QatarEnergy boss says he warned US energy secretary and executivesSays earlier evacuation meant pulling out 10,000 workers in 24 hoursSays North Field expansion could be delayed by more than a year Says difficult to describe how he feels after Iran attackBy Maha El Dahan, Andrew Mills and Yousef Sab...Reuters
Fri, Mar 20
CERAWEEK-CERAWeek energy conference returns to Houston as Iran conflict rocks global energy markets
CERAWeek to address geopolitical tensions and energy securityOil prices near $120 as Middle East war rocks marketsIran's closure of Strait of Hormuz disrupts global oil supplyBy Arathy Somasekhar HOUSTON, March 20 (Reuters) - The world’s top energy executives return to Houston next week as th...Reuters
Fri, Mar 20
Petrobras to resume biodiesel production in Ceara state, says CEO
SAO PAULO, March 20 (Reuters) - Brazilian state-run oil firm Petrobras PETR3.SA will resume biodiesel production in the northeastern state of Ceara, CEO Magda Chambriard said on Friday.She also stated that Petrobras's fuel pricing policy is working and reiterated that the company will work to av...Reuters
Fri, Mar 20
US House Democrat blasts Commerce's 'highly concerning' $1.6 billion USA Rare Earth deal
Lawmaker demands documents on rare earth dealQuestions conflicts of interest, Cantor involvementSeeks details on Commerce’s funding authorityBy Jarrett Renshaw, Ernest Scheyder and Gram Slattery WASHINGTON, March 20 (Reuters) - A senior House Democrat accused U.S. Commerce Secretary Howard Lutnic...Reuters
Fri, Mar 20
US, Japan to focus rare earths cooperation on select group of minerals at first
WASHINGTON, March 19 (Reuters) - The U.S. and Japan on Thursday released an action plan for their efforts to develop alternatives to China for critical minerals and rare earths supply chains, focusing initially on price floors for a select group of minerals.A joint U.S.-Japan statement released by t...Reuters
Fri, Mar 20
Fire at KPC refinery brought under control after drone attack, Kuwaiti army
DUBAI, March 20 (Reuters) - A fire at a Kuwait Petroleum Corporation refinery was brought under control after two drones targeted the facility on Friday, the Kuwaiti army said in a statement, adding that no injuries were reported.Earlier on Friday, Kuwait's state oil firm KPC said its Mina Al-Ah...Reuters
Fri, Mar 20
US to deploy thousands of additional troops to the Middle East, officials say
Thousands of additional Marines and sailors heading to Middle EastAdds to more than 50,000 troops in region alreadyMarines can be used for multiple reasons, including going on landBy Idrees Ali and Phil Stewart WASHINGTON, March 20 (Reuters) - The United States military is deploying thousands of ...Reuters
Fri, Mar 20
Venezuelan oil tycoon Ruperti held by police, law firm says
March 20 (Reuters) - Oil businessman Wilmer Ruperti has been held by authorities since Thursday after Venezuela's intelligence police requested a meeting with him, Ruperti's legal representatives told Reuters on Friday, adding that it is "concerned for his well being."Reuters
Fri, Mar 20
GLOBAL LNG-Asia spot LNG prices at highest level since end-2022 after Iran's strikes on Qatar
Iranian airstrikes knock out 17% of Qatar's LNG export capacity - QatarEnergy CEOAsian and European gas prices rise, intensify inter-basin competitionHigher LNG prices lead to demand destruction in South AsiaColder temperatures in Europe add to bullish gas price momentumBy Marwa Rashad LONDON...Reuters
Fri, Mar 20
