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US LNG exports grew in February, new output could help fill Qatar supply gap
HOUSTON, March 2 (Reuters) - U.S. exports of liquefied natural gas rose more than 17% last month from a year earlier as Venture Global's VG.N Plaquemines plant in Louisiana ramped up production and Cheniere LNG.N brought on more units at its Corpus Christi facility, preliminary data from financial fReuters
25 minutes ago
RPT-ROI-Oil markets' bet on a brief Iran shock is about to be tested: Bousso
By Ron Bousso LONDON, March 2 (Reuters) - The relatively modest jump in oil prices in the wake of the U.S.-Israel war with Iran suggests investors are betting that the disruption to oil supplies from the Middle East will be short-lived. But that optimism may be misplaced.While the region's oi...Reuters
38 minutes ago
WRAPUP 4-Iran conflict disrupts global shipping as tankers are stranded, damaged
Shipping disruption in Gulf sparks oil and gas price jump Mideast-China oil shipping rate at over six-year highOil and gas market fears prolonged disruptionBy Jonathan Saul, Emily Chow and Jeslyn Lerh LONDON/SINGAPORE, March 2 (Reuters) - Insurance companies are cancelling war risk coverage for v...Reuters
an hour ago
India most vulnerable to prolonged disruptions to Mideast oil, analysts say
China has about 6 months of oil stockpiled, India far lessGlobal prices could surge on prolonged conflictMost Middle East oil exports go to AsiaBy Enes Tunagur and Timothy Gardner March 2 (Reuters) - India, a fast-growing oil consumer, is the country most vulnerable to crude supply shocks if the ...Reuters
an hour ago
CIF/FOB Gulf Grain-Soybean, corn barge basis steady-weak in cautious trading
CHICAGO, March 2 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals were steady to lower on Monday in subdued dealings as traders monitored developments in the Middle East after the U.S. and Israel attacked Iran over the weekend, brokers said.A strong export l...Reuters
an hour ago
LIVESTOCK-CME cattle tick higher on tight cattle supply
By Heather SchlitzCHICAGO, March 2 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures turned slightly higher on Monday on the continued tight supply of cattle and increasing number of New World Screwworm cases in Mexico, analysts said.Cattle futures lost ground the previous week ...Reuters
an hour ago
USTR to seek more foreign tariff cuts, USMCA improvements, China balance in 2026
WASHINGTON, March 2 (Reuters) - The U.S. Trade Representative's office said on Monday it will seek further reductions in foreign tariffs and non-tariff barriers this year, enforce its "reciprocal" trade deals and consider launching new unfair trade practices investigations.The pledges ar...Reuters
2 hours ago
Rio Tinto bags up to $13.9 million from Canada for gallium metal project
March 3 (Reuters) - Rio Tinto RIO.AX said on Monday the Government of Canada has conditionally approved a non-repayable contribution of up to C$18.95 million ($13.86 million) for the miner's gallium metal research and development project.This follows the C$7 million committed by the Government o...Reuters
2 hours ago
Entergy says power largely restored at substation in Louisiana
March 2 (Reuters) - Entergy ETR.N said on Monday that power was largely restored to customers in Lake Charles, Louisiana, after local media reported a fire at its substation.Entergy said the vast majority of the approximately 4,500 customers who lost service had been restored. The company said it wo...Reuters
2 hours ago
US Cash Crude-Mars hits 1-year high as Iran war disrupts global supplies
HOUSTON, March 2 (Reuters) - Flagship U.S. offshore crude Mars Sour traded at its highest since December 2024 on Monday, dealers said, as war in Iran threatened global supplies of heavy, sour grades. Mars Sour jumped $1.50 compared with Friday's close, to trade at a premium of $3 to U.S. crude f...Reuters
2 hours ago
CANADA-CRUDE-Discount on Western Canada Select narrows by almost $1 a barrel on Middle East output concerns
March 2 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 narrowed by almost $1 a barrel on Monday, as the Iran war disrupted Middle Eastern output.WCS for April delivery in Hardisty, Alberta, settled at $12.70 a barrel below...Reuters
2 hours ago
Aluminium price surge will depend on length of Strait of Hormuz disruption, Goldman Sachs says
March 2 (Reuters) - Goldman Sachs said Monday the biggest risks to aluminium stem from potential disruptions to export routes and access to raw materials through the Strait of Hormuz, noting that the effect on prices should be limited if shipping disruptions are short. Benchmark aluminium CMAL3 on t...Reuters
3 hours ago
About 10% of global container fleet caught in Hormuz backup, shipping CEO says
By Lisa Baertlein LONG BEACH, Calif., March 2 (Reuters) - Container ships account for roughly 100 of the 750 ships ensnared in the Strait of Hormuz backups following U.S. and Israeli attacks on Iran, Jeremy Nixon, CEO of container carrier Ocean Network Express (ONE), said on Monday."About 10%...Reuters
3 hours ago
Entergy substation catches fire in Lake Charles, Louisiana, local media reports
March 2 (Reuters) - An Entergy ETR.N substation caught fire in Lake Charles, Louisiana, on Monday, parish officials confirmed, knocking out power to about 4,500 customers, local media reported.Smoke was visible across southern parts of the city after the blaze broke out at a substation off Big Lake ...Reuters
3 hours ago
Capstone Copper Q4 revenue beats estimates
OverviewCopper producer's Q4 revenue reached record high, beating analyst expectationsAdjusted EBITDA for Q4 missed analyst estimates despite record copper productionCompany achieved record low C1 cash costs in Q4 2025OutlookCapstone Copper forecasts 2026 production of 200,000 to 230,000 tonnes ...Reuters
3 hours ago
BigBear.ai Q4 revenue misses due to lower volume on Army programs
OverviewAI solutions provider's Q4 revenue fell 38%, missing analyst expectationsCompany closed Ask Sage and CargoSeer acquisitions, expanding into Middle EastCompany settled remaining $125 mln of 2029 convertible notes, reducing debtOutlookBigBear.ai projects 2026 revenue between $135 mln and $...Reuters
3 hours ago
US will take action to mitigate oil price spike for Americans, Rubio says
WASHINGTON, March 2 (Reuters) - The Unites States will take action to mitigate rising energy prices due to a spike in the price of oil caused by the Iran conflict, U.S. Secretary of State Rubio said on Monday. Speaking to reporters at Capitol Hill, Rubio said Treasury Secretary Scott Bessent and Ene...Reuters
3 hours ago
