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WRAPUP 13-Iran tells world to get ready for oil at $200 a barrel as it fires on merchant ships
Trump: "We got to finish the job." Three ships hit in the GulfUS network says FBI warns of potential drone strikes against USTrump says not worried that Iran might launch strikesIEA proposes biggest-ever release of strategic oil reservesBy Parisa Hafezi, Alexander Cornwell and Bo Erickson ...Reuters
17 minutes ago
Trump, in comments on Iran war, says US looking 'strongly at the straits'
WASHINGTON, March 11 (Reuters) - President Donald Trump said on Wednesday that Washington was in "very good shape" in its war on Iran and the U.S. was "going to look very strongly at the straits."The war has rattled global markets. Raising the stakes for the global economy, Iran'...Reuters
43 minutes ago
Venezuela's Rodriguez promotes deputy to head oil ministry
March 11 (Reuters) - Venezuela's acting President Delcy Rodriguez said on Wednesday that she has appointed Paula Henao to be the country's oil minister, filling the key role as the country overhauls its oil production amid U.S. pressure.The critical position became vacant when Rodriguez, who...Reuters
44 minutes ago
RPT-ROI-Historic oil reserve release is only a band-aid on a gaping supply shock: Bousso
By Ron Bousso LONDON, March 11 (Reuters) - The International Energy Agency’s plan to release 400 million barrels of oil reserves is unprecedented in scale and desperately needed to blunt the devastating supply shock triggered by the Iran war. But it will offer only limited relief as long as energ...Reuters
49 minutes ago
US to release 172 million barrels of oil from strategic petroleum reserve
By Kanishka Singh and Ryan Patrick JonesWASHINGTON, March 11 (Reuters) - The U.S. will release 172 million barrels of oil from its strategic petroleum reserve in a bid to reduce oil prices that have soared due to supply shocks from the U.S.-Israeli war on Iran, U.S. Energy Secretary Chris Wright sai...Reuters
54 minutes ago
IEA announces record oil stockpile release over Iran war supply disruptions
IEA agrees to release record 400 million barrels of oilU.S. to contribute 172 million barrels, Japan promises swift release of 80 million barrelsOil prices rise on Wednesday as concerns of prolonged supply disruption persistBy America Hernandez and Alex Lawler PARIS/LONDON, March 11 (Reuters) - T...Reuters
an hour ago
Venezuela leader Rodriguez taps Paula Henao as new oil minister
March 11 (Reuters) - Venezuela's acting President Delcy Rodriguez said on Wednesday that she had appointed Paula Henao to be the country's oil minister. Henao was previously a vice oil minister. "I am fully confident that, with her professionalism, extensive experience and many years of ...Reuters
an hour ago
US to release 172 million barrels of oil from strategic petroleum reserve
The US President Donald Trump administration plans to release 172 million barrels from the US emergency oil reserve as part of the coordinated effort by nations around the world to ease soaring crude and gasoline prices amid the Iran war, Bloomberg reported on Wednesday.Fxstreet
an hour ago
US President Donald Trump: IEA decision to release oil from reserve will reduce oil prices
US President Donald Trump said on Wednesday that the US knocked out Iran's navy and leaders. Trump added that the International Energy Agency (IEA) decision to release oil from reserves will substantially reduce oil prices.Fxstreet
2 hours ago
Sea drones target oil tankers in the Middle East as conflict risks widen — Reuters
Naval drones have been used in at least two attacks on oil tankers in the Gulf region since war erupted between the United States (US), Israel and Iran, suggesting a dangerous new threat in the key shipping lane, Reuters reported on Wednesday.Fxstreet
2 hours ago
US sued by food stamp recipients over restrictions on sugary drinks, candy
Restrictions allegedly destabilize food accessAgriculture, Health secretaries back restrictionsAgriculture Department declines to commentBy Jonathan Stempel March 11 (Reuters) - Food stamp recipients sued the U.S. Department of Agriculture on Wednesday to undo Trump administration efforts to prev...Reuters
2 hours ago
Argentina grains exchange holds soy, corn forecasts after February rains
BUENOS AIRES, March 11 (Reuters) - Argentina's Rosario grains exchange (BCR) on Wednesday maintained its soybean and corn production forecasts after widespread February rains helped stabilize crop conditions across key growing regions. The monthly crop report kept its 2025/26 soybean forecas...Reuters
2 hours ago
CIF/FOB Gulf Grain-Spot basis bids for soybeans stay largely flat
CHICAGO, March 11 (Reuters) - Spot basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were largely flat on Wednesday as traders continued to watch for demand from top importer China.Traders have been looking for potential sales to China ahead of a summit planned between U.S. Presi...Reuters
2 hours ago
FACTBOX-Tech companies tap debt markets to fund AI and cloud expansion
March 11 (Reuters) - The world's largest technology companies are tapping debt markets, as they seek to bolster their artificial intelligence infrastructure, marking a shift for Silicon Valley firms that typically relied on cash to fund their investments.Big Tech is expected to splurge more than...Reuters
2 hours ago
Canada's Wesdome Gold Mines Q4 revenue surges, net income doubles on higher prices
OverviewCanada gold miner's Q4 revenue rose 58% yr/yr, net income more than doubledQ4 gold production fell 6% yr/yr, while costs per ounce increasedCompany repurchased and cancelled 706,100 shares for about C$14 mln in Q4OutlookWesdome expects 2026 gold production of 180,000-205,000 ounces, up 4...Reuters
3 hours ago
