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US issued 30-day waiver to allow Russian oil sale to India, senior US officials say
WASHINGTON, March 5 (Reuters) - The United States government has issued a temporary, 30-day waiver to allow for the sale of Russian oil currently stranded at sea to continue to India, two senior U.S. officials told Reuters on Thursday.Reuters
22 minutes ago
US President Donald Trump administration seeks to tame oil prices
US Interior Secretary Doug Burgum said that the US President Donald Trump administration is weighing a range of options for addressing the spike in oil and gasoline prices amid the war in Iran, Bloomberg reported on Friday.
Fxstreet
40 minutes ago
Amazon largely back up after outage hits thousands of US users, Downdetector shows
March 5 (Reuters) - Amazon's AMZN.O e-commerce website was largely back up after it suffered an outage that affected tens of thousands of users in the U.S., Downdetector showed on Thursday. The outage, which began around 2:00 p.m. ET, eased to less than 1,700 incidents of people reporti...Reuters
52 minutes ago
US tentatively approves budget carrier Wizz Air's request to operate UK-US flights
By David Shepardson WASHINGTON, March 5 (Reuters) - The U.S. Transportation Department on Thursday granted tentative approval for budget carrier Wizz Air WIZZ.L to operate flights between the UK and the U.S., saying it was in the public interest. In January, the UK subsidiary of Wizz A...Reuters
57 minutes ago
US weighs oil futures market action to combat price spikes, White House official says
US Treasury to announce measures as soon as Thursday, official saysOil futures market intervention reflects Treasury Secretary Bessent's backgroundAnalysts question effectiveness of financial tools in energy markets, want detailsBy Jarrett Renshaw March 5 (Reuters) - The U.S. Treasury Departm...Reuters
an hour ago
US Plains HRW Wheat-Basis steady as dryness expands in Plains
CHICAGO, March 5 (Reuters) - Basis bids for hard red winter wheat were largely steady in the southern U.S. Plains on Thursday, as protein premiums rose and traders monitored the risk for drought to hurt crops.Protein premiums for railcar HRW wheat to and through Kansas City rose by 7 to 12 cents a b...Reuters
an hour ago
South Bow moves to revive parts of Keystone XL with binding shipper commitments
March 5 (Reuters) - Canadian pipeline operator South Bow SOBO.TO said on Thursday it has launched a formal open season seeking binding long-term shipping commitments for a revival of part of the Keystone XL oil pipeline, a move that could boost Canada's crude exports to the United States by more...Reuters
2 hours ago
CIF/FOB Gulf Grain-Corn, soy basis flat-lower on easing barge freight, higher futures
CHICAGO, March 5 (Reuters) - Basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals were flat to weaker on Thursday on higher futures prices and easing river freight costs, traders said.Farmer sales of corn and soybeans to barge-loading river elevators have increased this wee...Reuters
2 hours ago
Oil settles up around 5% on supply concerns as Iran conflict widens
US-Israeli conflict with Iran disrupts oil supplies, shippingIraq cuts output by 1.5 million bpd due to storage, export issuesAttacks on oil tankers in Gulf, Chinese fuel export cuts push prices higherBy Georgina McCartney HOUSTON, March 5 (Reuters) - Oil prices rallied on Thursday on growing dis...Reuters
2 hours ago
CANADA-CRUDE-Discount on Western Canada Select narrows
March 5 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 narrowed on Thursday.WCS for April delivery in Hardisty, Alberta, settled at $12.20 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared wit...Reuters
2 hours ago
Peru suspends gas exports after pipeline rupture sparks energy crisis
By Marco Aquino LIMA, March 5 (Reuters) - Peru suspended natural gas exports as it grapples with its worst energy crisis in two decades following a pipeline rupture at the country's largest gas field, Energy and Mines Minister Angelo Alfaro said on Thursday.The halt follows a leak reported Su...Reuters
2 hours ago
Canadian methanol supplier Methanex posts Q4 loss due to impairment expense
OverviewMethanol producer's Q4 revenue roseAdjusted EBITDA missed analyst expectationsNet loss driven by non-cash impairment expense related to New Zealand operationsOutlookMethanex expects 2026 production of 9.0 mln tonnes of methanolCompany anticipates 2026 ammonia production of 0.3 mln tonnes...Reuters
2 hours ago
South Bow launches open season for partial Keystone XL revival
March 5 (Reuters) - Canadian pipeline operator South Bow SOBO.TO said on Thursday it has launched a formal open season to solicit binding long-term transportation commitments to revive parts of the Keystone XL line from Hardisty, Alberta, to U.S. delivery points.The open season runs until March 30, ...Reuters
2 hours ago
US tentatively approves budget carrier Wizz Air's request to operate UK-US flights
WASHINGTON, March 5 (Reuters) - The U.S. Transportation Department on Thursday granted tentative approval for budget carrier Wizz Air WIZZ.L to operate flights between the UK and the United States.The airline's UK subsidiary petitioned in January for a foreign air carrier permit to operate fligh...Reuters
2 hours ago
Oilfield in Iraqi Kurdistan halts production after drone strike, sources say
March 5 (Reuters) - A drone attack struck an oilfield operated by U.S. firm HKN Energy in Iraq’s Kurdistan region on Thursday, causing a fire and halting production, security sources and an oilfield engineer said.The Sarsang field produces about 30,000 barrels of oil per day and is operated by HKN E...Reuters
2 hours ago
Syria opens Mediterranean-Aleppo air corridor that could help ease regional snarl
By Feras DalateyDAMASCUS, March 5 (Reuters) - Syria has opened a newly reactivated air corridor from the northern city of Aleppo toward the Mediterranean Sea for use by foreign airlines as well as its national carrier, the head of the country’s Civil Aviation Authority told Reuters on Thursday, as a...Reuters
3 hours ago
LIVESTOCK-CME cattle end mixed in choppy trading
By Heather Schlitz CHICAGO, March 5 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures were mixed on Thursday after spending the day seesawing as tight supply of cattle and high beef prices supported prices, though weak cash cattle prices and concerns over beef demand weighed ...Reuters
3 hours ago
US Cash Grains-Soy basis bids slip at some Midwest processors
CHICAGO, March 5 (Reuters) - Basis bids were lower for soybeans at some processing facilities in the U.S. Midwest on Thursday following recent sales by farmers, dealers said.Bids were largely steady to higher for corn at grain elevators and processors.Soy basis bids eased at processors in Decatur, I...Reuters
3 hours ago
