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Oil Prices Climb as Investors Reassess Middle East Ceasefire Prospects
TOKYO, March 26 (Reuters) - Oil prices climbed on Thursday, recovering some of the previous day's losses as investors reexamined prospects for de-escalation in the Middle East as Iran said it was still reviewing a U.S. proposal to end the war, which has disrupted energy flows.
Reuters
an hour ago
GRAINS-Chicago soybean futures rise as Trump plans May visit to China
BEIJING, March 26 (Reuters) - Chicago soybeans inched higher on Thursday as U.S. President Donald Trump's plan to meet Chinese President Xi Jinping in May raised hopes of firmer Chinese demand for U.S. beans. Wheat gained, while corn edged lower. FUNDAMENTALSThe most-active soybean contract...Reuters
14 minutes ago
Iron ore, LNG ports in Australia's Pilbara mining hub close as cyclone strikes
SYDNEY, March 26 (Reuters) - Key iron ore and liquefied natural gas (LNG) ports in Western Australia were closed on Thursday as a tropical cyclone struck off the coast of the resources rich Pilbara region, the ports' operator said.Pilbara Ports said operations at the ports of Ashburton, Cape Pre...Reuters
17 minutes ago
South Korea's Lee calls for electricity saving amid fuel price increases
SEOUL, March 26 (Reuters) - South Korean President Lee Jae Myung asked the public on Thursday to conserve electric power as rising fuel prices can prompt a shift to electricity because its prices are comparatively stable due to a government-controlled tariff.Lee was holding an emergency economic mee...Reuters
38 minutes ago
Gold Ticks Higher as Markets Trim Fed Rate-hike Expectations
March 26 (Reuters) - Gold prices edged higher on Thursday, extending gains to a third straight session, as investors awaited clarity on efforts to de-escalate the conflict in the Middle East, while trimming bets of a U.S. Federal Reserve rate hike this year.
Reuters
an hour ago
JBS posts flat Q4 profit on record sales but lower US beef margins
Net profit misses estimates; revenue beats themJBS' main US beef unit faces lower cattle supply US beef margin fell less than expected, analysts sayBy Roberto Samora and Andre Romani SAO PAULO, March 25 (Reuters) - Brazil's JBS JBS.N, the world's largest meatpacker, reported a near-fl...Reuters
2 hours ago
RPT-Myanmar's rice farmers scrounge for diesel as Iran conflict dries up supply
Myanmar grapples with rising oil pricesFarmers turn to black market as diesel gets scarceLong queues for rationed fuel, airlines suspend routesFarm output costs could double if instability persists, WFP says March 25 (Reuters) - Win Zaw is among five of a Myanmar family who fan out on motorcycles...Reuters
2 hours ago
Worker sues Valero over Texas refinery explosion
By Erwin Seba HOUSTON, March 25 (Reuters) - A man who said he was injured in an explosion at Valero Energy's VLO.N Port Arthur, Texas refinery on Monday night filed a lawsuit on Wednesday in a state district court alleging the company failed to properly maintain the refinery.The lawsuit filed...Reuters
2 hours ago
CIF/FOB Gulf Grain-Soybean barge bids strengthen
CHICAGO, March 25 (Reuters) - Spot basis bids of soybeans shipped by barge to U.S. Gulf Coast terminals rose on Wednesday, bouncing after declines a day ago and defying pressure from cheaper freight costs on Midwest rivers.Empty barges on the Mississippi River at St. Louis for this week were offered...Reuters
2 hours ago
Us Oil Prices Rise as Investors Assess Middle East De-Escalation
TOKYO, March 26 (Reuters) - U.S. oil prices rose in early trade on Thursday, recovering some of the previous day's losses as investors assessed prospects for de-escalation in the Middle East and Iran reviewed a U.S. proposal to end the war, which has disrupted energy flows from the Gulf.U.S. Wes...Reuters
2 hours ago
Australia's Lynas agrees potential rare earths deal with South Korea's LS Eco Energy
SEOUL, March 26 (Reuters) - Australia's Lynas Rare Earths LYC.AX and South Korea's LS Eco Energy 229640.KS said on Thursday they plan to work together to process rare earths, to help meet demand from customers scrambling to secure non-Chinese sources of the key metals.Under a preliminary agr...Reuters
3 hours ago
Valero begins restart of Port Arthur, Texas refinery, sources say
By Erwin SebaHOUSTON, March 25 (Reuters) - Valero Energy Corp VLO.N began restarting its 380,000 barrel-per-day Port Arthur, Texas refinery on Wednesday, two days after an explosion rocked the plant, said people familiar with plant operations.The refinery's 47,000-bpd unit 243 diesel hydrotreate...Reuters
3 hours ago
CERAWEEK-Nigeria sees more interest from LNG buyers for cargoes, NNPC says
NNPC sees increased LNG demand due to Middle East conflictNigeria LNG can export up to 22 million metric tons annuallyNNPC plans new LNG trains, 12 mtpa project to tap reservesBy Curtis WilliamsHOUSTON, March 25 (Reuters) - Nigeria is seeing stronger demand for its liquefied natural gas cargoes as e...Reuters
4 hours ago
Lynas Rare Earths To Develop Metal Making Partnership With LS Eco Energy
March 26 (Reuters) - Lynas Rare Earths Ltd LYC.AX:LYNAS TO DEVELOP METAL MAKING PARTNERSHIP WITH LS ECO ENERGYAND LS ECO ENERGY PLAN LONG-TERM METAL PROCESSING ARRANGEMENT IN VIETNAMENTERS FRAMEWORK AGREEMENT WITH LS ECO ENERGY FOR RARE EARTH METALS PARTNERSHIPNEW FACILITY TO ENABLE LYNAS TO SUPPLY ...Reuters
4 hours ago
CERAWEEK-Chaos at Houston airport has attendees scrambling as big energy confab winds down
Travelers wait for hours at George Bush Intercontinental AirportSome CERAWeek attendees driving to airports farther awayOthers switch to flights from Houston's William P. Hobby Airport By Amanda Stephenson, Liz Hampton and Nathan CrooksHOUSTON, March 25 (Reuters) - While the most pressing quest...Reuters
4 hours ago
Australia's Woodside Energy assumes control of Beaumont ammonia facility in Texas
March 26 (Reuters) - Australian oil and gas producer Woodside Energy WDS.AX said on Thursday it assumed operational control of the Beaumont New Ammonia facility in Texas following the completion of performance testing and handover from OCI Global.The facility has capacity to produce and export up to...Reuters
4 hours ago
Valero begins restart of Port Arthur, Texas refinery, sources say
HOUSTON, March 25 (Reuters) - Valero Energy Corp VLO.N began restarting its 380,000 barrel-per-day Port Arthur, Texas refinery on Wednesday, two days after an explosion rocked the plant, said people familiar with plant operations.The refinery's 47,000-bpd unit 243 diesel hydrotreater which explo...Reuters
4 hours ago
US Plains HRW Wheat-Basis mostly steady
CHICAGO, March 25 (Reuters) - Basis bids for hard red winter (HRW) wheat were mostly unchanged in a spot check of locations in the southern U.S. Plains on Wednesday. Dry weather in the Southern Plains continues to stress the winter wheat crop. Limited rains are forecast for the region in the coming...Reuters
4 hours ago
Australia's Woodside Energy assumes control of Beaumont ammonia facility in Texas
March 26 (Reuters) - Australian oil and gas producer Woodside Energy WDS.AX said on Thursday it assumed operational control of the Beaumont New Ammonia facility in Texas following the completion of performance testing and handover from OCI Global.The facility has capacity to produce and export up to...Reuters
5 hours ago
