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Trump touts oil price gains, saying 'we make a lot of money,' angering lawmakers
Lawmakers say Trump prioritizes oil companies over consumersEnergy Secretary Chris Wright says $200-a-barrel oil unlikelyOil prices up despite U.S. efforts to control themBy Timothy Gardner and Susan Heavey WASHINGTON, March 12 (Reuters) - U.S. President Donald Trump said on Thursday the United S...Reuters
27 minutes ago
US allows countries to buy Russian oil stranded at sea for 30 days
By Ismail Shakil March 12 (Reuters) - The United States issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets roiled by the war on Iran. Bessent, in a...Reuters
38 minutes ago
WTI climbs above $95.50 as Iran says the Strait of Hormuz must remain closed
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.75 during the early Asian trading hours on Friday. The WTI price surges due to the effective closure of the Strait of Hormuz amid conflict involving the United States (US), Israel, and Iran.
Fxstreet
53 minutes ago
Senegal's PM challenges BP gas deal, freezes Indorama assets
Senegal said BP-operated gas contract is unfair, talks ongoingSenegal has launched a wide-ranging review of strategic contractsRenegotiations affect oil, gas, fishing, infrastructure and moreSenegal has cancelled 71 oil and gas licenses, promises changeBy Jessica Donati and Bate Felix March 12 (R...Reuters
an hour ago
Iran’s Mojtaba Khamenei says Strait of Hormuz must remain closed as tool to pressure enemy
Iran’s new supreme leader, Mojtaba Khamenei, said in his first public statement since being appointed that the closure of the Strait of Hormuz maritime passage should be continued as a “tool to pressure the enemy,” CNBC reported on Thursday.Fxstreet
an hour ago
Venezuela signs deal with Repsol for gas production
March 12 (Reuters) - Venezuela and Spanish energy group Repsol have signed "strategic agreements," the government of the South American country said in a statement on Thursday.Speaking on state-run television, acting President Delcy Rodriguez said the agreement will allow for gas production ...Reuters
2 hours ago
US sues California over zero emission vehicle, greenhouse gas rules
By David ShepardsonWASHINGTON, March 12 (Reuters) - President Donald Trump's administration on Thursday sued California, claiming the state's zero-emission vehicle and tailpipe greenhouse gas emissions rules are illegal and preempted by federal law.The U.S. Transportation Department sued the...Reuters
2 hours ago
US Senate fails to end standoff over funding Homeland Security, airport screening
By David Shepardson WASHINGTON, March 12 (Reuters) - Senators from both parties failed on Thursday in competing efforts to fund the U.S. Transportation Security Administration as concerns about long airport security lines disrupting flights rise and Republicans and Democrats point fingers at each...Reuters
2 hours ago
Venezuelan government signs "strategic agreements" with Repsol
March 12 (Reuters) - Venezuela and Spanish energy group Repsol have signed "strategic agreements," the government of the South American country said in a statement on Thursday. It did not provide further details about the deals. "Venezuela is determined to become an energy powerhouse, an...Reuters
3 hours ago
LIVESTOCK-CME live cattle firm as packer margins turn positive, beef prices rise
By Karl PlumeCHICAGO, March 12 (Reuters) - Chicago Mercantile Exchange live cattle futures rose on Thursday as improving packer margins and rising beef prices more than offset concerns about rising crude oil prices and broader economic uncertainty that could dent demand for beef. Feeder cattle were ...Reuters
3 hours ago
Rio Tinto's Kennecott copper mine suspends operations as contract worker dies
March 13 (Reuters) - An employee of a contracted company died on Thursday following an incident at Rio Tinto's RIO.AX, RIO.L Kennecott mine in Utah, the world's largest producer of iron ore said on Friday without providing further details.Operations at the Kennecott mine site have been suspe...Reuters
3 hours ago
Contract worker dies at Rio Tinto's Kennecott mine; operations suspended
March 13 (Reuters) - An employee of a contracted company died following an incident at Rio Tinto's RIO.AX, RIO.L Kennecott mine in Utah, the world's largest producer of iron ore said on Friday without providing further details.Following the incident, all surface and underground mining operat...Reuters
3 hours ago
Shell-led LNG Canada says unplanned flaring event could continue for a week
By 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 was likely to continue for one week.The liquefied natural gas project in Kitimat, British Columbia, which began operations in J...Reuters
3 hours ago
Canada's Wheaton Precious Metals 2025 revenue beats estimates
OverviewCanada precious metals streamer reported record 2025 revenue, beating analyst expectationsNet earnings and adjusted net earnings reached record highsOutlookWheaton Precious Metals sees 2026 annual production at 860,000 to 940,000 GEOsCompany expects Antamina stream to add 70,000 GEOs in 2026...Reuters
4 hours ago
CANADA-CRUDE-Discount on Western Canada Select unchanged
March 12 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 was unchanged on Thursday, as global oil prices surged to their highest point since 2022.WCS for April delivery in Hardisty, Alberta, settled at $13.15 a barrel below...Reuters
4 hours ago
Water filtration provider Nephros' Q4 revenue rises on strong reorder activity
OverviewWater filtration provider's Q4 revenue rose 22% yr/yr to $4.7 mlnNet income for Q4 declined to $62,000 from $349,000 a year earlierQ4 gross margin fell to 58% from 64%OutlookCompany says U.S. tariff policy remains unpredictable, creating uncertainty for future margin impactsResult Driver...Reuters
4 hours ago
Canada's Imperial Metals 2025 revenue rises on higher metal prices
OverviewCanada copper miner's fiscal 2025 revenue rose 40% yr/yr to record C$691.8 mlnAdjusted EPS for fiscal 2025 increased to C$0.91 from C$0.64 in prior yearCompany reduced total debt by C$194.1 mln during fiscal 2025OutlookImperial sees 2026 Mount Polley output at 19.0–21.0 mln lbs copper, 4...Reuters
4 hours ago
KORU Medical Q4 revenue rises 23%
OverviewU.S. infusion device maker's Q4 revenue rose 23% yr/yr, full year up 22%Company posted positive adjusted EBITDA for Q4 and full year2026 guidance calls for 15-22% revenue growth, positive adjusted EBITDA and cash flowOutlookKORU Medical expects 2026 net revenues between $47.5 mln and $50...Reuters
4 hours ago
US critical minerals talks advance with EU, Japan on price floor, Bloomberg News reports
March 12 (Reuters) - The U.S., Japan and the European Union are set to announce plans in the coming weeks to lay the foundation for a trade agreement in critical minerals, Bloomberg News reported on Thursday, citing people familiar with the preparations.The Office of the U.S. Trade Representative wi...Reuters
4 hours ago
