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US Cash Grains-Soy and corn basis bids flat-mixed, farmers do field work
CHICAGO, April 2 (Reuters) - Spot basis bids for soybeans and corn were steady to mixed in the U.S. Midwest on Thursday as farmers increasingly turned their attention to field work, dealers said.The soybean basis fell by 5 cents per bushel at a processor in Lincoln, Nebraska, after rising by 10 cent...Reuters
18 minutes ago
China's detentions of Panama-flagged vessels raise concerns, Rubio says
WASHINGTON, April 2 (Reuters) - Detentions of Panama-flagged vessels by China that followed a Panamanian court ruling raise serious concerns, U.S. Secretary of State Marco Rubio said on Thursday. The U.S. Federal Maritime Commission (FMC) said last week it was closely monitoring a surge in detention...Reuters
24 minutes ago
ROI-LME traders were pricing the wrong metal supply crisis: Andy Home
By Andy Home LONDON, April 2 (Reuters) - Metals traders started the year worrying about a looming supply crunch in copper but ended the first quarter facing a very imminent supply crisis in aluminium. The Iran war, now in its fifth week, has dampened some of the speculative frenzy that spilled o...Reuters
27 minutes ago
US not engaged in any talks about new oil stocks release, official says
April 2 (Reuters) - The United States is not engaged in any discussions to release additional crude oil from strategic stockpiles, an Energy Department official said on Thursday.The International Energy Agency has said it is considering another coordinated release to address supply disruptions stemm...Reuters
32 minutes ago
Starbucks expands weekly pay, adds more tips and bonuses for US baristas
April 2 (Reuters) - Starbucks SBUX.O will move to weekly pay for all U.S. store workers and roll out a program that adds bonuses and expands tips, it said on Thursday, as concerns persist over its stalled talks with the union representing some U.S. baristas.Baristas can receive tips on mobile orders...Reuters
44 minutes ago
China's actions against Panama-flagged vessels raise concerns, Rubio says
WASHINGTON, April 2 (Reuters) - China's recent actions against Panama-flagged vessels "raise serious concerns about the use of economic tools to undermine the rule of law in Panama," U.S. Secretary of State Marco Rubio said on Thursday.Reuters
46 minutes ago
Citi projects Brent at $95/bbl in base case and $130/bbl in bull case for second quarter
April 2 (Reuters) - Citi said that for the second quarter of this year it sees Brent crude prices averaging $95 a barrel in the base case and $130 a barrel in the bull case. Brent crude futures LCOc1 climbed to around $110 a barrel on Thursday after President Donald Trump said the U.S. would continu...Reuters
46 minutes ago
Oil: War escalation risks keep prices elevated – ING
ING analysts Ewa Manthey and Warren Patterson note that Oil prices rebounded strongly, with Brent above $107/bbl and WTI near $106/bbl, after US President Donald Trump threatened a further escalation of the conflict with Iran.Fxstreet
54 minutes ago
US natural gas futures steady as market awaits storage report
Analyst expects some short coveringTrump's speech drives oil prices higherAnalysts expect US data to show higher inventoriesBy Anjana Anil and Sarah QureshiApril 2 (Reuters) - U.S. natural gas futures held steady on Thursday, as support from rises in global energy prices and short covering offse...Reuters
an hour ago
Britain says 40 countries discuss reopening Strait of Hormuz after Iran blockade
US was not involved in talks Vital oil route effectively shut as Iran war ragesCountries seek ways to reopen waterway after ceasefireUK will host meeting of military planners next weekBy Andrew MacAskill, John Irish and Muvija M LONDON/PARIS, April 2 (Reuters) - About 40 countries are disc...Reuters
an hour ago
Russia will ask US and Israel to cease fire while it evacuates staff from Iranian nuclear plant, RIA reports
MOSCOW, April 2 (Reuters) - Russia will ask the United States and Israel to ensure a ceasefire while it evacuates more Russian staff from the Bushehr nuclear power plant in Iran, RIA news agency reported on Thursday."The travel routes will be communicated to the relevant authorities in Israel an...Reuters
an hour ago
Europe Gasoline/Naphtha-Gasoline refining margins fall
LONDON, April 2 (Reuters) - Northwest European gasoline refinery profit margins dropped about $2.50 on Thursday to $15.69 a barrel. A total of 32,000 metric tons of E5 gasoline barges traded in the Argus window, with BP, ExxonMobil, Sahara and Equinor selling to TOTSA, Glencore, MB Energy and Gunvor...Reuters
an hour ago
PRECIOUS-Gold drops on stronger dollar, rising bets on higher interest rates
Turkey's gold reserves tumble nearly 120 tons in two weeksIndian dealers charge first gold premiums in two monthsSilver falls more than 7% By Ashitha Shivaprasad April 2 (Reuters) - Gold prices fell on Thursday as the U.S. dollar and oil prices rose after President Donald Trump said the U.S. ...Reuters
an hour ago
Venezuelan oil tycoon Ruperti released from detention, law firm says
CARACAS, April 2 (Reuters) - Venezuelan oil businessman Wilmer Ruperti was released from detention by the country's intelligence police, a law firm representing him said on Thursday, following a video posted on social media apparently showing him in his house.Reuters
an hour ago
Maldives seeks fuels from India amid Iran war
NEW DELHI, April 2 (Reuters) - The Maldives is seeking fuel supplies from India, which is continuing to ship out fuel to neighboring countries, a spokesperson for India's foreign ministry said on Thursday.India, the world's fourth biggest refiner, is supplying fuels to Bangladesh, Nepal, Bhu...Reuters
2 hours ago
Ford Reports Q1 Total U.S. Sales Of 457,315 Vehicles
April 2 (Reuters) - Ford Motor Co F.N:FORD: Q1 TOTAL U.S. SALES 457,315 VEHICLESFORD: YOY F-SERIES SALES IN Q1 REFLECTS RETIMING OF COMMERCIAL PRODUCTION DUE TO RECOVERY PLAN AFTER LAST YEAR’S NOVELIS PLANT FIREFORD: Q1 TOTAL ELECTRIFIED VEHICLE SALES 48,019 UNITSFORD: EXPECTS NOVELIS RECOVERY PLAN ...Reuters
2 hours ago
CBOT Trends-Wheat up 8-10 cents, corn up 4-6 cents, soy up 2-4 cents
CHICAGO, April 2 (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 Thursday:WHEAT - Up 8 to 10 cents per bushel CBOT wheat Wv1 bounced following a 3% drop on Wednesday.Grain futures regaine...Reuters
2 hours ago
Oil prices jump to around $110/bbl after Trump says attacks on Iran will continue
WTI soars over $112/bbl, highest since March 9Trump speech did not clarify when Hormuz might reopenWTI headed for biggest daily absolute price rise since 2020By Shadia Nasralla LONDON, April 2 (Reuters) - Oil prices climbed to around $110 a barrel on Thursday after President Donald Trump said the...Reuters
2 hours ago
BP names Carol Howle as deputy CEO, to oversee portfolio review, strategy
By Stephanie Kelly LONDON, April 2 (Reuters) - BP BP.L named Carol Howle as deputy chief executive on Thursday and said she would oversee the company's ongoing portfolio review and strategy development.Howle, who served as interim chief executive before Meg O'Neill started the top job on ...Reuters
2 hours ago
