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Saudi Aramco says claims it is in talks with Ukrainian firms for drones inaccurate
March 12 (Reuters) - Saudi oil giant Aramco said on Thursday that claims it is in discussions with Ukrainian companies to buy interceptor drones are inaccurate, after a report said it was seeking them to defend its oilfields against aerial attacks."Aramco is aware of recent media reports regardi...Reuters
22 minutes ago
Trump administration considers loosening US shipping rules to combat fuel price spike
US seeking to ease fuel, agriculture shipments Soaring prices pose political threat to Trump, RepublicansWaiver could be announced as early as Thursday, sources sayBy Jarrett RenshawWASHINGTON, March 12 (Reuters) - The Trump administration is considering waiving the century-old Jones Act for a limit...Reuters
27 minutes ago
US regulators clear construction of Rio Grande LNG trains 4, 5
By Curtis WilliamsHOUSTON, March 12 (Reuters) - Federal regulators on Thursday granted approval to LNG developer Next Decade to start construction of trains 4 and 5 at its Rio Grande export plant in Texas, according to a regulatory filing.The approval means Next Decade can start work on two addition...Reuters
30 minutes ago
Exchanges oppose potential US Treasury intervention in oil futures market
By Anirban Sen BOCA RATON, Florida, March 12 (Reuters) - The heads of a number of top exchanges, including CME Group CME.O and Toronto Stock Exchange parent TMX Group X.TO, oppose any potential intervention from the U.S. government involving the oil futures market, amid rising energy prices in th...Reuters
49 minutes ago
Shell-led LNG Canada says unplanned flaring event could continue for a week
Flaring event in Kitimat, BC, may last a weekFlaring occurred after power outage on local grid earlier this weekBy Curtis Williams and Marwa RashadHOUSTON, March 12 (Reuters) - Shell-led SHEL.L LNG Canada reported on Thursday that an unplanned flaring event occurred a day earlier and is likely to c...Reuters
49 minutes ago
US Department of Energy to invest $1.9 billion for power grid upgrades
March 12 (Reuters) - The U.S. Department of Energy will invest about $1.9 billion to accelerate upgrades of power grids in the country, it said on Thursday.U.S. power consumption is set to rise sharply this year and the next, driven by rapid growth in AI and cryptocurrency data centers and increased...Reuters
an hour ago
USAF general says Boeing has to fix tanker problems before US orders more
By Dan Catchpole March 12 (Reuters) - Boeing BA.N has to fix ongoing problems with its KC-46 aerial refueling tanker before the United States orders more, U.S. Air Force Vice Chief of Staff Gen. John Lamontagne told lawmakers during a March 4 hearing.The general did not specify which problems cou...Reuters
an hour ago
Federal regulators give Next Decade approval to start construction of Trains 4 and 5 at Rio Grande LNG plant
HOUSTON, March 12 (Reuters) - Federal regulators on Thursday granted approval to Next Decade to start construction of trains 4 and 5 of its Rio Grande LNG export plant in Texas, according to a regulatory filing.Reuters
an hour ago
Oil settles up 9% as Iran vows to keep Strait of Hormuz closed
Iran supreme leader says Strait of Hormuz to remain closedIranian boats attacked two tankers in Iraqi watersIEA release of 400 million barrels may give limited reliefBy Siddharth Cavale NEW YORK, March 12 (Reuters) - Oil prices settled up about 9% on Thursday, at their highest in nearly four ...Reuters
an hour ago
GRAINS-Soybeans hit 21-month high on rising crude oil, corn and wheat also higher
Crude oil rise supports soybean, wheat, and corn pricesConcerns about high crop input costs support grainsIranian attacks heighten fears of prolonged conflictBy Karl Plume CHICAGO, March 12 (Reuters) - U.S. soybean futures climbed on Thursday to the highest point since mid-2024 on speculative and...Reuters
2 hours ago
US natgas futures hit four-week high as Iran conflict drives global energy prices higher
EIA reports smaller-than-expected gas storage withdrawalWaha Hub prices negative for record 25 days due to pipeline constraintsUS gas demand forecast to rise next week amid cooler weatherBy Scott DiSavino NEW YORK, March 12 (Reuters) - U.S. natural gas futures edged up to a fresh four-week high o...Reuters
2 hours ago
IAEA director discusses non-proliferation with head of Russia's Rosatom
MOSCOW, March 12 (Reuters) - The director general of the U.N. nuclear watchdog discussed non-proliferation issues on Thursday with the head of Rosatom, Russia's state nuclear energy corporation ahead of other meetings with officials, the company said.Emmanuel Grossi, head of the U.N.'s Inter...Reuters
2 hours ago
CBOT wheat ends higher as crude oil rally stokes commodities buying
CHICAGO, March 12 (Reuters) - Chicago Board of Trade wheat futures rose for a second straight session on Thursday on fund and speculative buying tied to surging crude oil prices as the war in the Middle East continued to escalate, traders said.Wheat futures also firmed on signs of improved demand. W...Reuters
2 hours ago
CBOT soybeans rally to 21-month peak on surging crude oil
CHICAGO, March 12 (Reuters) - Chicago Board of Trade soybean futures rallied to the highest level since May 2024 as crude oil extended gains as investors wrestled with disruptions caused by the U.S.-Israel war on Iran. Oil prices rose about 8% on Thursday as Iran stepped up attacks on oil and...Reuters
2 hours ago
WTI rallies sharply on Strait of Hormuz tensions, technicals point to further upside
West Texas Intermediate (WTI) crude Oil continues to experience extreme volatility, with prices rising more than 7.5% on Thursday as traders grow increasingly concerned about prolonged supply disruptions through the Strait of Hormuz amid the ongoing US-Iran war.
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2 hours ago
February import and export volume increased at busiest US container port in Los Angeles
LOS ANGELES, March 12 (Reuters) - Imports to the busiest U.S. container seaport in Los Angeles rose 5% in February versus a year ago, while export volume increased nearly 7% during that period, port data showed.Reuters
2 hours ago
France to finance loan for new reactors from state bank savings fund, Elysee says
PARIS, March 12 (Reuters) - France will use the state-backed Caisse des Depots (CDC) bank's savings fund to finance a subsidized loan that will cover 60% of the construction cost of six new nuclear reactors, said the French presidency on Thursday, after President Emmanuel Macron held a meeting o...Reuters
3 hours ago
