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Oil slides after Trump says US will end its war on Iran soon
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 findsBy Shariq Khan NEW YORK, April 1 (Reuters) - Oil prices settled lower on Wednesday after President Donald Trump said that the U.S. woul...Reuters
19 minutes ago
EXCLUSIVE-Venezuela's Rodriguez readies Citgo board takeover, sources say
Rodriguez was removed from Treasury's sanctions listClearance, license from OFAC needed to make any board changesRodriguez could move to change law firms representing VenezuelaFear of retaliation spreading among some executives who could resign to avoid confrontations By Marianna Parraga and Dei...Reuters
44 minutes ago
US LNG exports break record high as Middle East war disrupts global supply
Middle East conflict cuts global LNG supply, boosting US exports to record levelsNew US capacity from Golden Pass and Cheniere expansions could drive further export growthEurope remains top US LNG buyer, but Asian demand surges as prices riseBy Curtis Williams HOUSTON, April 1 (Reuters) - U.S. ex...Reuters
45 minutes ago
US to loan up to 10 million barrels of SPR oil from Bryan Mound site, Energy Department says
WASHINGTON, April 1 (Reuters) - The U.S. Energy Department said on Wednesday that it would loan up to 10 million barrels of crude oil from the strategic petroleum reserve site in Bryan Mound, and will accept proposals from companies until 11 am central time (1600 GMT) on April 6.The United States is...Reuters
53 minutes ago
CBOT wheat futures slump on technical trading, Middle East conflict news
CHICAGO, April 1 (Reuters) - Chicago Board of Trade wheat futures slumped on Wednesday, interrupting a six-session rally built on concern about worsening crop conditions in the U.S. wheat belt, market analysts said.Grain futures turned lower on the day in a broader flurry of technical trading, as in...Reuters
56 minutes ago
US to loan up to 10 million barrels of SPR oil from Bryan Mound site, Energy Department says
WASHINGTON, April 1 (Reuters) - The U.S. Energy Department said on Wednesday that it would loan up to 10 million barrels of crude oil from the strategic petroleum reserve site in Bryan Mound, and will accept proposals from companies until 11 am central time (1600 GMT) on April 6.Reuters
an hour 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 on expectations that mild weather would squeeze demand, as traders also continued to monitor the Middle East war.Front-month gas futures NGc1 for May delivery on the New York Mercant...Reuters
an hour ago
GRAINS-Chicago grain, soybean futures slide as Trump signals Iran conflict may ease
CBOT wheat, corn, soybeans fall as investors react to Middle East conflict developmentsCrude oil fall counters support from U.S. planting data, Plains droughtTrump comments raise expectations of war de-escalationBy P.J. Huffstutter CHICAGO, April 1 (Reuters) - Chicago Board of Trade corn, wheat a...Reuters
2 hours ago
Gold nears $4,800 as fading Dollar lifts bullion for fourth consecutive day
Gold (XAU/USD) price rallies for a fourth straight day on Wednesday, hitting a two-week high near $4,800 as the Greenback depreciates amid growing speculation of an end to the Middle East conflict. At the time of writing, the XAU/USD pair trades at $4,758, up nearly 2%.
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2 hours ago
US Plains HRW Wheat-Basis bids steady, dealers assess rain chances
CHICAGO, April 1 (Reuters) - Basis bids for hard red winter (HRW) wheat were unchanged in the southern U.S. Plains on Wednesday as grain dealers assessed prospects for rains that could ease dry conditions.Beneficial rains were expected in southeastern Plains, though dryness will continue to cause st...Reuters
2 hours ago
CBOT soybean futures turn lower as Trump signals Iran conflict ending
CHICAGO, April 1 (Reuters) - Chicago Board of Trade soybean futures turned lower on Wednesday on a day of technical trading and money flows out of the grain markets and into equities, after U.S. President Donald Trump's comments suggested an end to the Middle East conflict, market analysts said....Reuters
2 hours ago
CBOT corn futures drop on technical trading
CHICAGO, April 1 (Reuters) - Chicago Board of Trade corn futures ended lower on Wednesday in a flurry of technical trading, as investors shed positions after U.S. President Donald Trump's comments suggested an end to the Middle East conflict could be close, market analysts said.Trump told Reuter...Reuters
2 hours ago
ANALYSIS-SpaceX’s orbital data centers could face same hurdles as Microsoft’s abandoned undersea project
Microsoft's undersea data center failed due to high costs and lack of demand, sources sayExperts warn Musk's space AI plan faces greater technical and economic hurdles than undersea effortsAnalysts and industry leaders doubt space-based data centers can compete with ground facilitiesBy Joe B...Reuters
2 hours ago
Canada's Kinross starts permit process for $1.5 billion Chile mine
SANTIAGO, April 1 (Reuters) - Canadian miner Kinross Gold Corp. begun the process of obtaining the environmental permit to develop its Lobo Marte gold project in northern Chile, which is expected to involve an investment of $1.5 billion, the government said on Wednesday.The permit application, submi...Reuters
2 hours ago
Automakers unveil new EVs for US market despite sales downturn
Automakers face tough demand environmentHigher fuel prices are sparking new interest in EVsEV sales remain strong in California By David Shepardson and Kalea HallNEW YORK, April 1 (Reuters) - Major automakers unveiled new electric vehicles at the New York Auto Show on Wednesday, despite lagging cons...Reuters
3 hours ago
US Cash Grains-Soy, corn basis bids strengthen as farmer sales slow
CHICAGO, April 1 (Reuters) - Spot basis bids for soybeans and corn jumped on Wednesday at processing facilities, grain elevators and river terminals in the U.S. Midwest as farmer selling slowed, dealers said.The soybean basis rose by 10 cents per bushel at processors in Lafayette, Indiana; Council B...Reuters
3 hours ago
Canada's Kinross starts permit process for $1.5 billion Chile mine
SANTIAGO, April 1 (Reuters) - Canadian miner Kinross Gold Corp. has begun the process of obtaining the environmental permit to develop its Lobo Marte gold project in northern Chile, which is expected to involve an investment of $1.5 billion, the government said on Wednesday.Reuters
3 hours ago
Petrobras allows distributors to pay for 55% jet fuel hike in installments
RIO DE JANEIRO/SAO PAULO, April 1 (Reuters) - Brazilian state-run oil firm Petrobras PETR3.SA will allow distributors to pay for a hefty increase in jet fuel prices announced for April in installments, it said on Wednesday, adding that a similar measure could also be adopted in May and June. Petrobr...Reuters
3 hours ago
PRECIOUS-Gold extends gains on softer dollar, focus on Iran war
Trump says Iran 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 on Wednesday as the U.S. dollar slipped and other risk assets rallied on tentat...Reuters
3 hours ago
