News
Important Only
BP locks out union workers at its Midwest oil refinery
By Nicole Jao and Anmol Choubey NEW YORK, March 17 (Reuters) - BP BP.L will block around 800 workers from its 440,000 barrel-per-day Whiting, Indiana, refinery starting March 19, the British oil major said on Tuesday, as months of contract negotiations yielded little results. The labor disput...Reuters
Wed, Mar 18
GRAINS-Chicago soybeans fall as Trump-Xi meeting delay dampens continued Chinese demand hopes
BEIJING, March 18 (Reuters) - Chicago soybean futures fell on Wednesday as a delay in a meeting between U.S President Donald Trump and Chinese President Xi Jinping dampened hopes for continued Chinese demand for U.S. soybeans. Wheat and corn also dropped. FUNDAMENTALSThe most-active soybean con...Reuters
Wed, Mar 18
South Korea to curb naphtha exports as Middle East risks trigger emergency measures
SEOUL, March 18 (Reuters) - South Korea will limit naphtha exports and temporarily designate the feedstock as a supply-chain economic security item, the Finance Minister said, as authorities try to shield companies and consumers from the impact of the Middle East conflict.The government will boost f...Reuters
Wed, Mar 18
Projectile hits near Iran's Bushehr nuclear plant, no damage or injuries reported
March 17 (Reuters) - A projectile hit an area near Iran's Bushehr nuclear power plant on Tuesday evening, however it caused no damage or injuries, Iran told the International Atomic Energy Agency."The IAEA has been informed by Iran that a projectile hit the premises of the Bushehr NPP on Tue...Reuters
Wed, Mar 18
Why Trump Postponed China Visit?
TradingKey - Donald Trump unexpectedly stated on March 16 that his planned visit to China at the end of March may be postponed. The reason stems from the sustained rally in oil prices, which threatens to undermine his campaign promises to voters. He reportedly intends for China to intervene and cool
TradingKey
Wed, Mar 18
PRECIOUS-Gold steady as investors weigh Mideast risks ahead of Fed decision
March 18 (Reuters) - Gold prices held steady on Wednesday as investors kept to the sidelines, evaluating the economic impact of the Middle East conflict ahead of the U.S. Federal Reserve's policy decision.FUNDAMENTALSSpot gold XAU= was little changed at $5,003.77 per ounce as of 0058 GMT. U.S. g...Reuters
Wed, Mar 18
Five people die in fire outside Pemex's Olmeca refinery in Mexico
MEXICO CITY, March 17 (Reuters) - Five people died outside Mexico's Olmeca oil refinery after "oily waters" around the perimeter caught fire, state-run oil firm Pemex said on Tuesday, the latest incident at the flagship project of former President Andres Manuel Lopez Obrador.One of those...Reuters
Wed, Mar 18
Silver Price Forecast: XAG/USD consolidates above $79.00; bearish bias intact ahead of Fed
Silver (XAG/USD) lacks a firm intraday direction and oscillates in a narrow range during the Asian session on Wednesday as traders opt to wait on the sidelines ahead of the crucial FOMC rate decision.Fxstreet
Wed, Mar 18
Us Targets Iranian Missile Sites Near the Strait of Hormuz
The United States military said that it targeted sites along Iran’s coastline near the Strait of Hormuz, one of the world’s most critical energy chokepoints, because Iranian anti-ship missiles posed a risk to international shipping there, Reuters reported on Wednesday.Fxstreet
Wed, Mar 18
WTI Rises Above $95.00 as Iran's Attacks on Facilities Fuel Supply Fears
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.00 during the early Asian trading hours on Wednesday. The WTI price climbs amid intensifying Middle East conflict and severe supply disruptions.Fxstreet
Wed, Mar 18
South Korea to curb naphtha exports, roll out emergency support as Middle East risks rise
SEOUL, March 18 (Reuters) - South Korea will limit naphtha exports and temporarily designate the feedstock as a supply-chain economic security item, Finance Minister Koo Yun-cheol said on Wednesday.The government will also expand financial support for affected companies by 1.5 trillion won ($1.01 bi...Reuters
Tue, Mar 17
BP locks out union workers at its Midwest refinery
March 17 (Reuters) - BP BP.L on Tuesday barred about 800 United Steelworkers members from its 440,000 barrel-per-day refinery in Whiting, Indiana starting at 12:00 a.m. on March 19 after negotiations with the union broke down.The company canceled its 24‑hour rolling contract extension and issued the...Reuters
Tue, Mar 17
LIVESTOCK-CME cattle firm on meatpacking strike, falling corn prices
CHICAGO, March 17 (Reuters) - Chicago Mercantile Exchange cattle futures headed up on Tuesday as workers at a processing plant went on strike, corn prices fell, and the dryness threatened herds.Workers have gone on strike at a large JBS meatpacking plant in Greeley, Colorado, which is likely to redu...Reuters
Tue, Mar 17
US Plains HRW Wheat-Basis flat; forecasts call for hot, dry weather
CHICAGO, March 17 (Reuters) - Basis bids for hard red winter (HRW) wheat were unchanged in the southern U.S. Plains on Tuesday while declines in wheat futures, coupled with uncertainty about crop prospects, kept farmer sales to a minimum, merchandisers said.Protein premiums for railcar wheat to or t...Reuters
Tue, Mar 17
CIF/FOB Gulf Grain-Soy basis bounces from prior-day drop, corn bids steady-firm
CHICAGO, March 17 (Reuters) - Spot basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals rebounded on Tuesday from prior-day declines on a slowdown in farmer sales and renewed optimism about Chinese demand, traders said.U.S. President Donald Trump said a highly anticipated trip to Ch...Reuters
Tue, Mar 17
