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EXCLUSIVE-Venezuela's Rodriguez readies Citgo board takeover, sources say
By Marianna Parraga and Deisy BuitragoHOUSTON/CARACAS, April 1 (Reuters) - Venezuelan interim President Delcy Rodriguez's administration is getting ready to take over the boards of state oil firm PDVSA's U.S. subsidiaries, including Citgo Petroleum, four sources close to the preparations sai...Reuters
14 minutes ago
US Gulf Coast tanker market tightens as Asia seeks to replace lost supply
Iran war disrupts Middle East oil flows, boosting US, Brazil, West Africa exportsNet vessel availability in US Gulf falls about 41% over the past month, data showsWest-to-East cargo shift drives unprecedented surge in freight rates, analyst saysBy Anushree Mukherjee and Shariq KhanApril 1 (Reuters) ...Reuters
41 minutes ago
US exports of petroleum products last week rose to their highest on record, EIA says
HOUSTON, April 1 (Reuters) - U.S. exports of petroleum products last week rose to their highest on record, data from the Energy Information Administration showed on Wednesday.Petroleum product exports climbed by 302,000 barrels per day (bpd) to 7.9 million bpd in the week to March 27, EIA said.Reuters
41 minutes ago
US natural gas futures fall due to lower global energy prices, mild weather
April 1 (Reuters) - U.S. natural gas futures edged down on Wednesday in step with a drop in global energy prices and expectations that mild weather would lead to lower demand, as traders continued to keep a close eye on developments in the Middle East war.Front-month gas futures NGc1 for May deliver...Reuters
59 minutes ago
Beirut strike killed top Hezbollah commander, group says
By Laila Bassam and Nazih OsseiranApril 1 (Reuters) - Israel's military on Wednesday said it killed senior Hezbollah commander Haj Youssef Ismail Hashem in the biggest blow to the group since a fresh bout of fighting with Israel erupted early last month. Israel's navy killed Hashem, the comm...Reuters
an hour ago
REalloys, U.S. Critical Materials sign MoU to build domestic rare earth supply chain
April 1 (Reuters) - Rare earths developers REalloys ALOY.O and U.S. Critical Materials Corp have signed a memorandum of understanding to build a fully domestic supply chain for the key materials in the U.S., in line with Washington's aims to reduce reliance on China.Under the agreement, REalloys...Reuters
an hour ago
METALS-Copper touches two-week high on hopes for quick end to Iran war
By Eric Onstad LONDON, April 1 (Reuters) - Copper prices extended gains on Wednesday to hit their highest in two weeks on hopes that the Iran war is close to ending. Benchmark three-month copper on the London Metal Exchange CMCU3 was up 0.2% at $12,364 a metric ton by 1400 GMT after hitting $1...Reuters
2 hours ago
Fed's Musalem notes even swift end to war will take time to resolve
NEW YORK, April 1 (Reuters) - Federal Reserve Bank of St. Louis President Alberto Musalem said Wednesday that even if the Middle East war ended quickly, there will be a time of uncertainty when it comes to how the economic aftermath plays out.“Because even if the war were to end, it's going to t...Reuters
2 hours ago
Oil slides as Middle East uncertainty keeps markets on edge
US could be out of Iran "pretty quickly", Trump saysUncertainty over how supply chains can be revived OPEC oil output falls in March, Reuters survey findsSaudi Arabia may raise OSPs to Asia, Reuters survey By Ahmad Ghaddar LONDON, April 1 (Reuters) - Oil reversed earlier gains on Wednesda...Reuters
2 hours ago
Fed's Musalem says inflation will go up on commodity price shock
NEW YORK, April 1 (Reuters) - Federal Reserve Bank of St. Louis President Alberto Musalem said Wednesday the energy shock tied to the Iran war will definitely impact overall inflation and will likely hit core price pressures as well.“My expectation is that headline inflation is going to be affected ...Reuters
2 hours ago
PRECIOUS-Gold extends gains on softer dollar; focus remains on Iran war
Trump says Iranian leader has asked for ceasefireUS dollar falls for second straight day US private payrolls increase steadily in March, ADP saysBy Ashitha Shivaprasad April 1 (Reuters) - Gold rose for a fourth straight session to nearly a two-week peak on Wednesday as the U.S. dollar slipped, wh...Reuters
2 hours ago
Iranian missile hit oil tanker in Qatari waters, Qatar says
April 1 (Reuters) - An oil tanker leased to state-owned QatarEnergy was hit by an Iranian cruise missile on Wednesday in Qatari waters, the defence ministry said.Qatar was targeted by three cruise missiles coming from Iran. Two were intercepted while the third hit the Aqua 1 fuel oil tanker, but cau...Reuters
2 hours ago
Realloys Secures Up To 10% Offtake From Sheep Creek Rare Earth Deposit
April 1 (Reuters) - REalloys Inc ALOY.O:REALLOYS INC - SECURES UP TO 10% OFFTAKE FROM SHEEP CREEK RARE EARTH DEPOSITREALLOYS INC - PLANS TO EXPLORE EQUITY INVESTMENT AND JOINT GOVERNMENT FINANCINGREALLOYS INC - PARTIES TO NEGOTIATE DEFINITIVE LONG-TERM OFFTAKE AGREEMENT WITHIN ONE YEARReuters
3 hours ago
CBOT Trends-Wheat down 10-12 cents, corn down 4-6 cents, soy down 7-9 cents
CHICAGO, April 1 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday:WHEAT - Down 10 to 12 cents per bushelCBOT wheat Wv1 dropped with crude oil after setting a three-week high on T...Reuters
3 hours ago
Israeli military says strike in Beirut killed Hezbollah southern front commander Haj Youssef Ismail Hashem
April 1 (Reuters) - The Israeli military said on Wednesday it had killed a senior Hezbollah official in an overnight attack.Israel's navy killed Haj Youssef Ismail Hashem, the commander of Hezbollah's southern front, the country's military spokesperson Avichay Adraee said in a statement ...Reuters
3 hours ago
Brazil's oil output up 16.4% in February, regulator says
SAO PAULO, April 1 (Reuters) - Brazil's oil production rose 16.4% year-on-year in February to 4.06 million barrels per day, oil regulator ANP said on Wednesday, while natural gas output was up 24.5% to 197.63 million cubic meters per day.Reuters
3 hours ago
RPT-ROI-Iran war is both a boost and a threat to Australia's LNG: Russell
By Clyde Russell SYDNEY, April 1 (Reuters) - The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the current conflict ends.One of the major beneficiaries is Aus...Reuters
3 hours ago
