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US crude oil stockpiles rose last week to highest since June 2024, EIA says
NEW YORK, March 25 (Reuters) - U.S. crude oil inventories, excluding the Strategic Petroleum Reserve, rose to 456.2 million barrels in the week ended March 20, the highest since June 2024, data from the Energy Information Administration showed on Wednesday.Crude oil inventories in the country were u...Reuters
3 minutes ago
Trans Mountain launches bidding process to add capacity
March 25 (Reuters) - Canada's Trans Mountain launched a bidding process on Wednesday to secure incremental firm transportation contracts on its pipeline system. The Open Season, the process to formally gauge commercial interest in potential projects to increase the system's capacity, will...Reuters
6 minutes ago
Oil and gas activity in Texas, Louisiana, New Mexico rose in first quarter, Dallas Fed survey says
NEW YORK, March 25 (Reuters) - Oil and gas activity in Texas, Louisiana and New Mexico increased in the first quarter of 2026, according to the Dallas Fed Energy Survey released on Wednesday.Oil and gas production was little changed during the period, according to the survey. Companies expect a...Reuters
15 minutes ago
CERAWEEK-Cheniere CEO Fusco says company has been operating at maximum capacity for past five years
HOUSTON, March 25 (Reuters) - Cheniere CEO Jack Fusco said Wednesday that the LNG producer has been operating at maximum capacity for the past five years. The company is doing whatever it can to help customers affected by the ongoing conflict in the Middle East and is looking at maintenance schedule...Reuters
25 minutes ago
Trans Mountain launches bidding process for incremental firm capacity
March 25 (Reuters) - Canada's Trans Mountain Corporation launched a bidding process on Wednesday to secure incremental firm transportation contracts on its pipeline system.The so-called Open Season will run from April 7 to June 2, 2026.Reuters
29 minutes ago
Reuters Econ World: Lessons from the energy shock
By Mark John March 25 (Reuters) - A question to start: At what point will rising fuel costs encourage you to spend less time in the shower?The surge in energy prices triggered by the Iran war is already beginning to be felt by households around the world - and calls are growing for governments to...Reuters
30 minutes ago
Maryland top court rejects climate change lawsuits against oil companies
Maryland Supreme Court dismisses lawsuits against oil companiesLocal governments' claims preempted by federal law, court rulesDissent argues state claims not fully displaced by federal lawBy Nate Raymond March 25 (Reuters) - Maryland's highest court has rejected efforts by three municipal...Reuters
34 minutes ago
Trans Mountain Launches Binding Open Season For Firm Service On Existing Pipeline Capacity
March 25 (Reuters) - Trans Mountain Corporation [RIC:RIC:TMC.UL]:TRANS MOUNTAIN CORP: LAUNCHES BINDING OPEN SEASON TO OBTAIN INCREMENTAL CONTRACTS FOR FIRM TRANSPORTATION SERVICE ON ITS PIPELINE SYSTEMTRANS MOUNTAIN CORP: DRAG REDUCING AGENT (DRA) PROJECT EXPECTED TO INCREASE THROUGHPUT BY ABOUT 90,...Reuters
35 minutes ago
Albemarle starts environmental review for Chile lithium extraction project
By Fabian CamberoSANTIAGO, March 25 (Reuters) - U.S.-based Albemarle ALB.N, the world's largest lithium producer, said on Wednesday it had begun the environmental review process in Chile for its first project using Direct Lithium Extraction (DLE). Albemarle said in a statement that the project i...Reuters
59 minutes ago
Russia evacuates 163 more staff from Iran's Bushehr nuclear plant, 300 remain
MOSCOW, March 25 (Reuters) - Russia's state nuclear corporation Rosatom evacuated a further 163 of its staff from Iran's Bushehr nuclear power plant on Wednesday, the state-run RIA news agency reported.It cited Rosatom chief Alexei Likhachev as saying about 300 of the company's staff rem...Reuters
an hour ago
EXCLUSIVE-Iraq oil output further plunges as storage fills, Hormuz exports blocked by conflict
BAGHDAD, March 25 (Reuters) - Iraqi oil production has slumped as the Iran war rages, with storage tanks reaching high and critical levels while the country is unable to export crude via the Strait of Hormuz, three Iraqi energy officials said on Wednesday.Output from Iraq's main southern oilfiel...Reuters
an hour ago
METALS-Copper stabilises on firmer demand, talk of Iran ceasefire
By Eric Onstad LONDON, March 25 (Reuters) - Copper prices rose on Wednesday after reports the U.S. was seeking a ceasefire in the Iran war and due to firmer Chinese demand, but the market was wary after Tehran denied there were any negotiations.Benchmark three-month copper CMCU3 on the London Met...Reuters
2 hours ago
US natgas futures drop 1% on possible plan to end Iran war
US natural gas futures drop as global energy prices declineMild weather reduces US heating demand, affecting gas storage levelsUS LNG exports stay high even as Iran war impacts global pricesBy Scott DiSavino NEW YORK, March 25 (Reuters) - U.S. natural gas futures eased about 1% on Wednesday as th...Reuters
2 hours ago
Africa grapples with energy crisis as Iran war disrupts fuel supplies
Mauritius announces energy saving measuresFuel shipments disrupted by Iran conflictDangote warns of COVID-style curbs South Africa sees spike in fuel buying By Jean Paul Arouff and Wendell Roelf PORT LOUIS/CAPE TOWN, March 25 (Reuters) - Mauritius said on Wednesday it would introduce energy-savi...Reuters
2 hours ago
Sunexpress says it will impose 10 euro fuel surcharge from May 1 over rising costs
ISTANBUL, March 25 (Reuters) - SunExpress, a joint venture between Turkish Airlines THYAO.IS and Lufthansa LHAG.IS, said on Wednesday that it would start imposing an additional fuel surcharge of 10 euros ($11.59) per passenger from May 1 due to rising fuel costs due to the Iran war.According to calc...Reuters
2 hours ago
PRECIOUS-Gold up more than 1% as uncertainty over Middle East war persists
Turkey or Pakistan could host talks, senior Iranian official says Spot gold hit four-month low on Monday Silver up more than 2% By Ashitha Shivaprasad March 25 (Reuters) - Gold rose more than 1% on Wednesday, buoyed by a drop in oil prices that eased inflation worries and tempered expectations fo...Reuters
2 hours ago
CBOT Trends-Wheat down 4-6 cents, corn down 1-3 cents, soybeans up 2-4 cents
CHICAGO, March 25 (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 Wednesday: WHEAT - Down 4 to 6 cents per bushelWheat futures fell on weakness in crude oil following U.S. proposals t...Reuters
2 hours ago
