News
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WTI climbs above $95.50 as Iran says the Strait of Hormuz must remain closed
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.75 during the early Asian trading hours on Friday. The WTI price surges due to the effective closure of the Strait of Hormuz amid conflict involving the United States (US), Israel, and Iran.
Fxstreet
Fri, Mar 13
Iran’s Mojtaba Khamenei says Strait of Hormuz must remain closed as tool to pressure enemy
Iran’s new supreme leader, Mojtaba Khamenei, said in his first public statement since being appointed that the closure of the Strait of Hormuz maritime passage should be continued as a “tool to pressure the enemy,” CNBC reported on Thursday.Fxstreet
Thu, Mar 12
US sues California over zero emission vehicle, greenhouse gas rules
By David ShepardsonWASHINGTON, March 12 (Reuters) - President Donald Trump's administration on Thursday sued California, claiming the state's zero-emission vehicle and tailpipe greenhouse gas emissions rules are illegal and preempted by federal law.The U.S. Transportation Department sued the...Reuters
Thu, Mar 12
US Senate fails to end standoff over funding Homeland Security, airport screening
By David Shepardson WASHINGTON, March 12 (Reuters) - Senators from both parties failed on Thursday in competing efforts to fund the U.S. Transportation Security Administration as concerns about long airport security lines disrupting flights rise and Republicans and Democrats point fingers at each...Reuters
Thu, Mar 12
Venezuelan government signs "strategic agreements" with Repsol
March 12 (Reuters) - Venezuela and Spanish energy group Repsol have signed "strategic agreements," the government of the South American country said in a statement on Thursday. It did not provide further details about the deals. "Venezuela is determined to become an energy powerhouse, an...Reuters
Thu, Mar 12
LIVESTOCK-CME live cattle firm as packer margins turn positive, beef prices rise
By Karl PlumeCHICAGO, March 12 (Reuters) - Chicago Mercantile Exchange live cattle futures rose on Thursday as improving packer margins and rising beef prices more than offset concerns about rising crude oil prices and broader economic uncertainty that could dent demand for beef. Feeder cattle were ...Reuters
Thu, Mar 12
Rio Tinto's Kennecott copper mine suspends operations as contract worker dies
March 13 (Reuters) - An employee of a contracted company died on Thursday following an incident at Rio Tinto's RIO.AX, RIO.L Kennecott mine in Utah, the world's largest producer of iron ore said on Friday without providing further details.Operations at the Kennecott mine site have been suspe...Reuters
Thu, Mar 12
Contract worker dies at Rio Tinto's Kennecott mine; operations suspended
March 13 (Reuters) - An employee of a contracted company died following an incident at Rio Tinto's RIO.AX, RIO.L Kennecott mine in Utah, the world's largest producer of iron ore said on Friday without providing further details.Following the incident, all surface and underground mining operat...Reuters
Thu, Mar 12
Shell-led LNG Canada says unplanned flaring event could continue for a week
By Curtis Williams and Marwa RashadHOUSTON, March 12 (Reuters) - Shell-led SHEL.L LNG Canada reported on Thursday that an unplanned flaring event occurred a day earlier and was likely to continue for one week.The liquefied natural gas project in Kitimat, British Columbia, which began operations in J...Reuters
Thu, Mar 12
Canada's Wheaton Precious Metals 2025 revenue beats estimates
OverviewCanada precious metals streamer reported record 2025 revenue, beating analyst expectationsNet earnings and adjusted net earnings reached record highsOutlookWheaton Precious Metals sees 2026 annual production at 860,000 to 940,000 GEOsCompany expects Antamina stream to add 70,000 GEOs in 2026...Reuters
Thu, Mar 12
CANADA-CRUDE-Discount on Western Canada Select unchanged
March 12 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 was unchanged on Thursday, as global oil prices surged to their highest point since 2022.WCS for April delivery in Hardisty, Alberta, settled at $13.15 a barrel below...Reuters
Thu, Mar 12
Water filtration provider Nephros' Q4 revenue rises on strong reorder activity
OverviewWater filtration provider's Q4 revenue rose 22% yr/yr to $4.7 mlnNet income for Q4 declined to $62,000 from $349,000 a year earlierQ4 gross margin fell to 58% from 64%OutlookCompany says U.S. tariff policy remains unpredictable, creating uncertainty for future margin impactsResult Driver...Reuters
Thu, Mar 12
Canada's Imperial Metals 2025 revenue rises on higher metal prices
OverviewCanada copper miner's fiscal 2025 revenue rose 40% yr/yr to record C$691.8 mlnAdjusted EPS for fiscal 2025 increased to C$0.91 from C$0.64 in prior yearCompany reduced total debt by C$194.1 mln during fiscal 2025OutlookImperial sees 2026 Mount Polley output at 19.0–21.0 mln lbs copper, 4...Reuters
Thu, Mar 12
KORU Medical Q4 revenue rises 23%
OverviewU.S. infusion device maker's Q4 revenue rose 23% yr/yr, full year up 22%Company posted positive adjusted EBITDA for Q4 and full year2026 guidance calls for 15-22% revenue growth, positive adjusted EBITDA and cash flowOutlookKORU Medical expects 2026 net revenues between $47.5 mln and $50...Reuters
Thu, Mar 12
US critical minerals talks advance with EU, Japan on price floor, Bloomberg News reports
March 12 (Reuters) - The U.S., Japan and the European Union are set to announce plans in the coming weeks to lay the foundation for a trade agreement in critical minerals, Bloomberg News reported on Thursday, citing people familiar with the preparations.The Office of the U.S. Trade Representative wi...Reuters
Thu, Mar 12
Chile, US eye collaboration on rare earths and other critical minerals
By Fabian Cambero SANTIAGO, March 12 (Reuters) - Chile and the U.S. have signed a joint statement to begin discussions on rare earths and other types of critical minerals, Chile's foreign ministry said on Thursday.The first meeting will take place within the next two weeks, it added. Areas of...Reuters
Thu, Mar 12
Ships must coordinate with Iran's navy to pass through Strait of Hormuz, foreign ministry says
DUBAI, March 12 (Reuters) - Ships must coordinate with Iran's navy to pass through the Strait of Hormuz, the country's foreign ministry spokesperson said in comments carried by Mehr news agency on Thursday. Iran will fight on and keep the Strait of Hormuz shut as leverage against ...Reuters
Thu, Mar 12
Key energy costs rose 50% last year in biggest US power grid and data center hub, grid watchdog says
By Laila KearneyNEW YORK, March 12 (Reuters) - Energy costs in PJM Interconnection rose by about 50% in 2025, compared to a year earlier, as the largest U.S. grid struggled to keep up with power demands from data centers, according to a report by PJM's independent watchdog on Thursday.Rising dat...Reuters
Thu, Mar 12
CIF/FOB Gulf Grain-Soy barge basis dips, traders watch for China demand
CHICAGO, March 12 (Reuters) - Spot basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals eased on Thursday amid uncertainty about demand from China, traders said.U.S. soybean export demand was seasonally slow as cheaper supplies of newly harvested beans were available from Brazil. Tr...Reuters
Thu, Mar 12
