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Venezuela's oil exports surpassed 1 million bpd for the first in 6 months, shipping data shows
Trading houses carried about 58% of total oil exportsChevron's shipments of Venezuelan oil rose to 267,000 bpdLarger vessels bound for India helped drain stocksBy Marianna Parraga and Mircely GuanipaApril 1 (Reuters) - Venezuela's monthly oil exports surpassed 1 million barrels per day in Ma...Reuters
17 minutes ago
LIVESTOCK-US cattle futures climb higher on technical trading; USDA weighs reopening Mexico border
By P.J. HuffstutterCHICAGO, April 1 (Reuters) - Chicago Mercantile Exchange cattle futures continued to rise on Wednesday on technical trading and expectations of strong grilling season demand, as feeder cattle futures shook off early session pressure over the potential of the U.S.-Mexican border re...Reuters
23 minutes ago
Venezuela's oil exports surpassed 1 million bpd for the first in 6 months -shipping data
April 1 (Reuters) - Venezuela's oil exports surpassed 1 million barrels per day in March, the first time since September, with sales to refiners in India and shipments by trading houses to the Caribbean for storage pushing up the volumes, according to ship tracking data.Reuters
an hour ago
Auto industry group calls for scrapping US gas tax, adopting vehicle fee
April 1 (Reuters) - The head of a group representing nearly all major automakers on Wednesday called for scrapping the U.S. government's 18.4-cent per gallon tax on gasoline and replacing it with a vehicle fee to pay for road repairs.John Bozzella, who heads the Alliance for Automotive Innovatio...Reuters
an hour ago
Trump expected to overhaul steel and aluminum tariffs, WSJ reports
April 1 (Reuters) - The Trump administration is preparing to reshape its steel and aluminum tariffs regime, keeping a 50% tariff for commodity-grade steel and aluminum products while finished products made with imported steel and aluminum would be tariffed at 25%, The Wall Street Journal reported on...Reuters
2 hours ago
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
2 hours 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
3 hours 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
3 hours 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
3 hours 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
3 hours 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
3 hours 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
3 hours 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
3 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%.
Fxstreet
4 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
4 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
4 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
4 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
4 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
4 hours ago
