Search
News
Important Only
US Plains HRW Wheat-Spot basis bids mostly steady-firm on slow farmer sales
CHICAGO, April 7 (Reuters) - Basis bids for hard red winter (HRW) wheat were mostly steady to firm in the southern U.S. Plains on Tuesday as futures prices eased and farmer selling remained minimal, grain merchants said.Many growers seized the opportunity to sell grain last month when futures market...Reuters
6 minutes ago
Oil prices mixed; Brent flat, US crude up as Iran keeps Hormuz shut ahead of Trump deadline
WTI crude rises on supply fears, prompt market tightnessTrump threatens military action if Iran keeps Strait of Hormuz closed, escalating regional tensionsGlobal leaders warn Iran conflict could slow growth, raise inflation and worsen energy crisisBy Scott DiSavino NEW YORK, April 7 (Reuters) - ...Reuters
18 minutes ago
Caturus reaches full commercialization for US Commonwealth LNG project
April 7 (Reuters) - Caturus said on Tuesday it had reached full commercialization of its Commonwealth LNG project in Louisiana after securing long-term offtake agreements, paving the way for project financing and a final investment decision in the coming weeks.EQT LNG Trading EQT.N, Glencore GLEN.L,...Reuters
50 minutes ago
Justice Dept has provided counsel to White House on Iran, acting attorney general Blanche says
WASHINGTON, April 7 (Reuters) - The U.S. Justice Department has provided counsel to the White House, Pentagon and State Department regarding Iran, acting U.S. Attorney General Todd Blanche said on Tuesday.Reuters
56 minutes ago
Fuel prices could keep rising for months even if Hormuz reopens, US EIA says
Full restoration of Strait of Hormuz flows to take months, EIA saysOil prices carry risk premium even after end of Iran war Agency says US retail gasoline, diesel prices to peak in AprilEIA hikes 2026 Brent price forecast by 22% to $96/bblBy Shariq Khan and Siddharth Cavale NEW YORK, April 7 (Reu...Reuters
an hour ago
DHS says US could stop processing international travelers at some airports in 'sanctuary cities'
WASHINGTON, April 7 (Reuters) - Homeland Security Secretary Markwayne Mullin said on Tuesday that Customs officials could stop processing international travelers at major U.S. airports in cities that have declined to cooperate with the Trump administration's hardline immigration crackdown.The mo...Reuters
an hour ago
Democrats question legality of Trump, TotalEnergies offshore wind deal
April 7 (Reuters) - House Democrats questioned the legality of the Trump administration's deal to return nearly $1 billion to TotalEnergies TTEF.PA to stop the development of two U.S. offshore wind farms, according to letters sent to administration officials and the French energy company.U.S. Re...Reuters
an hour ago
EU wheat subdued as Trump's Iran deadline looms
PARIS, April 7 (Reuters) - Euronext wheat was little changed on Tuesday as traders braced for the outcome of a U.S. deadline for Iran to reopen the Strait of Hormuz. May milling wheat BL2K6, the most active position on Paris-based Euronext, settled at 202.50 euros ($234.37) a metric ton, unchang...Reuters
an hour ago
FACTBOX-Energy facilities and shipping hit during US-Israeli war on Iran
April 7 (Reuters) - The U.S.-Israeli war on Iran and Tehran's retaliatory attacks on Gulf neighbours have damaged major energy facilities and disrupted shipping through the Strait of Hormuz, which handles about 20% of global oil and liquefied natural gas flows.U.S. President Donald Trump has iss...Reuters
2 hours ago
US natgas output to hit record high in 2026, while demand declines, EIA says
By Scott DiSavinoNEW YORK, April 7 (Reuters) - U.S. natural gas output will rise to a record high in 2026, while demand will decline, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.EIA projected dry gas production will rise from a record 107....Reuters
2 hours ago
Freeport LNG seeks approval to demolish obsolete import facilities in Texas
Freeport LNG requests FERC approval to demolish obsolete Texas import facilitiesUS shift from LNG importer to top exporter driven by shale revolutionCompany says removal will improve safety and reduce maintenance on unused assetsBy Curtis WilliamsHOUSTON, April 7 (Reuters) - Freeport LNG has asked U...Reuters
2 hours ago
EXPLAINER-Can Iran charge fees for ships to transit the Strait of Hormuz?
April 7 (Reuters) - Iran wants to charge fees for ships to pass through the Strait of Hormuz as part of its proposals to end the war with Israel and the United States after blocking most traffic through the crucial energy waterway for weeks.The Strait, a strip of water only 34 km (21 miles) wide bet...Reuters
2 hours ago
Fuel prices could keep rising for months after Hormuz reopens, US EIA says
By Shariq Khan and Siddharth Cavale NEW YORK, April 7 (Reuters) - Fuel prices could keep rising for months even after the Strait of Hormuz reopens, the U.S. Energy Information Administration said on Tuesday, deviating from President Donald Trump's assurances that consumers will see immediate ...Reuters
2 hours ago
Europe Gasoline/Naphtha-Gasoline refining margins fall
LONDON, April 7 (Reuters) - Northwest European gasoline refinery profit margins fell 36 cents on Tuesday to about $15.33 a barrel. A total of 23,250 metric tons of E5 gasoline barges traded in the Argus window, with BP, ExxonMobil and Equinor selling to TOTSA and MB Energy.An additional 13,000 tons ...Reuters
2 hours ago
Heads of IEA, IMF, World Bank to meet next Monday to discuss energy crisis
PARIS, April 7 (Reuters) - The leaders of the International Energy Agency, the International Monetary Fund and the World Bank will discuss the energy crisis triggered by the Iran war next Monday, IEA executive director Fatih Birol said on Tuesday. "This energy crisis calls for all hands on de...Reuters
3 hours ago
PRECIOUS-Gold steady as caution prevails ahead of Trump's Iran deadline
Iran shows no sign of accepting Trump's ultimatumUS Fed minutes due on Wednesday China's central bank adds gold to reserves for 17th monthBy Ashitha Shivaprasad April 7 (Reuters) - Gold prices were little changed on Tuesday, as caution prevailed in the market ahead of U.S. President Donal...Reuters
3 hours ago
Iran has attacked Saudi Arabia's Jubail petrochemical complex, IRGC says
IRGC says attacks in response to strikes on Iran's Asaluyeh plantsSmoke and flames rising from the direction of Saudi's Jubail April 7 (Reuters) - Iran on Tuesday attacked Saudi Arabia's Jubail petrochemical complex, the heart of the kingdom's downstream sector, its Revolutionary ...Reuters
3 hours ago
IEA director will meet World Bank, IMF chiefs on Monday April 13
PARIS, April 7 (Reuters) - Fatih Birol, the executive director of the International Energy Agency, will meet the leaders of the IMF, Kristalina Georgieva, and the World Bank, Ajay Banga, next Monday April 13th, Birol said on Tuesday on social media platform X. He added that the energy crisis trigger...Reuters
3 hours ago
US: Oil shock complicates Fed path – MUFG
MUFG’s Head of Research Derek Halpenny argues that rising Oil and gasoline prices from the Middle East conflict are set to push US inflation higher, with March CPI expected to jump. He highlights a sharp rise in ISM Services prices paid and weakening employment indices.Fxstreet
3 hours ago
