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Europe Gasoline/Naphtha-Gasoline refining margins jump on lower stocks
LONDON, March 19 (Reuters) - Northwest European gasoline refinery profit margins rose sharply by about $7 to $18.87 a barrel on Thursday, buoyed by lower Atlantic basin inventories and new attacks on refineries in the Middle East.About 22,000 metric tons of E10 gasoline barges traded in the Argus wi...Reuters
Thu, Mar 19
Japan to back low-emissions furnace with up to $1.1 billion debt guarantee, Nikkei reports
March 20 (Reuters) - Japan plans to guarantee up to 180 billion yen ($1.14 billion) in loans for a low-emissions furnace of JFE Holdings' steel unit 5411.T, the Nikkei reported on Friday.JFE Steel, Japan's second-biggest steel maker and a unit of JFE Holdings, plans to build a high-efficienc...Reuters
Thu, Mar 19
Chevron restarts jet fuel unit at 285,000-bpd refinery in El Segundo, California after repairs
NEW YORK, March 19 (Reuters) - Chevron's CVX.N 285,000-barrel-per-day El Segundo refinery in southern California has brought a jet fuel-producing unit back online after five months of repairs and maintenance following a fire, the company said on Thursday."The Chevron El Segundo Refinery has ...Reuters
Thu, Mar 19
Wright says Trump administration has no plan to restrict oil and gas exports
WASHINGTON, March 19 (Reuters) - U.S. Energy Secretary Chris Wright on Thursday said in a post on X that President Donald Trump's administration has no plan to implement restrictions on oil and gas exports.Reuters
Thu, Mar 19
UN shipping agency IMO calls for safe corridor to evacuate seafarers from Gulf
LONDON, March 19 (Reuters) - Countries at the UN’s shipping agency agreed to work towards a safe maritime corridor to evacuate commercial ships from the Gulf to protect seafarers during the U.S.-Israeli war on Iran.In an extraordinary session to discuss the Middle East, the International Maritime Or...Reuters
Thu, Mar 19
EXCLUSIVE-US weighs military reinforcements as Iran war enters possible new phase
Trump considers deploying troops to Middle EastOptions include securing Strait of Hormuz and Kharg IslandDeployment of ground forces could anger parts of Trump's base By Phil Stewart, Idrees Ali, Erin Banco and Gram Slattery WASHINGTON, March 18 (Reuters) - President Donald Trump's admini...Reuters
Thu, Mar 19
States challenge Trump decision to revoke basis of US climate regulations
WASHINGTON, March 19 (Reuters) - Twenty-one states led by Democratic-governed New York and California joined by 14 cities and counties sued President Donald Trump 's administration on Thursday seeking to undo its decision to revoke the government's scientific finding that underpin...Reuters
Thu, Mar 19
US generated fewer ethanol blending credits in February, EPA says
March 19 (Reuters) - The U.S. generated 1.14 billion ethanol (D6) blending credits in February, compared with about 1.22 billion in January, data from the Environmental Protection Agency showed on Thursday.Credits generated from biodiesel (D4) blending rose to 480 million in February from 439 millio...Reuters
Thu, Mar 19
Exxon accelerates oil, gas projects in Guyana as prices surge
MODEC-built FPSO to add 250,000 bpd of output capacityExxon to complete recovery of as much as $5 billion in costs this yearWhiptail project to begin next year, Hammerhead startup now forecast for 2028Exxon group to seek approval for 9th project, to be focused on gas By Kemol King GEORGETOWN, Mar...Reuters
Thu, Mar 19
US generated fewer ethanol blending credits in February, EPA says
March 19 (Reuters) - The U.S. generated 1.14 billion ethanol (D6) blending credits in February, compared with about 1.22 billion in January, data from the Environmental Protection Agency showed on Thursday.Credits generated from biodiesel (D4) blending rose to 480 million in February from 439 millio...Reuters
Thu, Mar 19
Goldman Sachs flags upside risks to oil prices in near term and into 2027
March 19 (Reuters) - Goldman Sachs said on Thursday that risks to oil prices remain skewed to the upside both in the near term and into 2027.The bank added that the persistence of several past large supply shocks highlights the possibility that oil prices could remain above $100 per barrel.Reuters
Thu, Mar 19
Kazakh gold miner Solidcore plans inventory sell-down in first half
Inventories accumulated due to delays related to Russia sanctions2025 gold-equivalent production fell 19% year-on-yearInvestments expected to be $400-500 million annually over next three yearsBy Anastasia Lyrchikova MOSCOW, 19 March (Reuters) - Kazakh gold miner Solidcore Resources COREK.AIXN pla...Reuters
Thu, Mar 19
US Cash Grains-Soy, corn basis steady-firmer as CBOT futures turn higher
CHICAGO, March 19 (Reuters) - Cash basis bids for corn and soybeans were steady to firmer in the U.S. Midwest on Thursday, as grain futures continued to rise and reflecting demand from grain handlers in some areas, dealers said.Farmers began selling some of their stored grain supplies as prices have...Reuters
Thu, Mar 19
COLUMN -Shipping strikes, oil price spikes and a deadly new Gulf crisis
LONDON, March 19 (Reuters) - As Somali pirates hijacking giant cargo vessels and tankers from tiny motorised skiffs wreaked havoc across the region from the mid-2000s to the early 2010s, a tiny group of UK military reservists in a bungalow in the gardens of the British diplomatic mission in Dubai fo...Reuters
Thu, Mar 19
MSC Says Will Apply An Fuel Surcharge To All Cargo From Europe To Indian Ocean Islands And Fiji (Not Applicable To Reunion, Mayotte, New Caledonia, Tahiti)
March 19 (Reuters) - MSC: WILL APPLY AN FUEL SURCHARGE (EFS) TO ALL CARGO FROM EUROPE TO INDIAN OCEAN ISLANDS AND FIJI (NOT APPLICABLE TO REUNION, MAYOTTE, NEW CALEDONIA, TAHITI)MSC: AS FROM 2 APRIL UNTIL FURTHER NOTICE EFS ON TRADES FROM EUROPE TO INDIAN OCEAN ISLANDS WILL BE CHARGED AT $275 DRY/T...Reuters
Thu, Mar 19
WTI Oil retreats from $100 peak as Venezuela sanctions ease, Middle East risks persist
West Texas Intermediate (WTI) US Oil trades around $97.20 per barrel on Thursday, down 1.68% on the day after reaching an intraday high of $100.15, as markets balance improving supply conditions against escalating geopolitical risks.
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Thu, Mar 19
EXCLUSIVE-Iran attacks wipe out 17% of Qatar’s LNG capacity for up to five years, QatarEnergy CEO says
Will have to declare force majeure on LNG contracts for up to five yearsSome 12.8 million tons per year of LNG offlineMeans about $20 billion of lost annual revenueExxonMobil holds stakes in damaged LNG facilitiesWill also impact condensate, LPG, helium, naphtha exportsQatar's North Field LNG ex...Reuters
Thu, Mar 19
US extends protection of Venezuela-owned Citgo from creditors
By Daphne Psaledakis WASHINGTON, March 19 (Reuters) - The United States has extended a license that protects Venezuela-owned refiner Citgo Petroleum from creditors through May 5, according to a posting on Thursday on the Treasury Department's website.The extension comes a day after Washington...Reuters
Thu, Mar 19
Shipping group CMA CGM plans land surcharge on rising fuel costs
PARIS, March 19 (Reuters) - French shipping group CMA CGM will next week introduce a fuel surcharge for land routes as rising fuel costs affect all transport modes used to carry containers, it said on Thursday.CMA CGM, the world's third-largest container shipping line, has already announced fuel...Reuters
Thu, Mar 19
