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Oil Drops After US Issues License for Countries To Buy Russian Oil Stranded at Sea
BEIJING, March 13 (Reuters) - Oil prices dropped on Friday morning after the U.S. issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea, easing supply concerns.
Reuters
35 minutes ago
BP says Whiting refinery union workers reject its latest employment contract
March 13 (Reuters) - BP said late on Thursday that its represented workforce at its Whiting refinery in Indiana has voted not to ratify the company's last, best, and final offer."BP will continue to bargain in the best interests of our employees, our company, and the community," the comp...Reuters
7 minutes ago
US issues 30-day sanctions waiver for purchase of Russian oil at sea
US issues 30-day license for sanctioned stranded Russian oil purchasesMeasure the latest by Trump administration to calm energy markets jolted by Iran warIEA says war creating the biggest oil supply disruption in historyBy Ismail Shakil March 12 (Reuters) - The United States issued a 30-day waive...Reuters
14 minutes ago
Silver Price Forecast: XAG/USD Retakes $85.00; Bearish Risks Persist
Silver (XAG/USD) gains some positive traction during the Asian session on Friday and climbs back above the $85.00 mark in the last hour. The white metal, for now, seems to have snapped a two-day losing streak, though it remains on track to end the week on a flattish note.
Fxstreet
27 minutes ago
GRAINS-Soybeans dip, but eye sixth weekly rise on oil rally
BEIJING, March 13 (Reuters) - Chicago soybeans edged lower on Friday, but remained on track for a sixth consecutive weekly gains, supported by this week's stronger crude oil market amid the escalating U.S.-Israeli war with Iran.The most-active soybean contract on the Chicago Board of Trade Sv1 f...Reuters
an hour ago
Syrah Resources Says US ITC Reaches Final Determination On AD/CVD
March 13 (Reuters) - Syrah Resources Ltd SYR.AX:US ITC REACHES FINAL DETERMINATION ON AD/CVDPOSITION REMAINS AAM FROM CHINA BEING SOLD & IMPORTED INTO U.S. AT UNFAIRLY LOW AND SUBSIDISED PRICES, OTHERSUS INTERNATIONAL TRADE COMMISSION REACHED FINAL NEGATIVE DETERMINATION IN ANTIDUMPING, COUNTERV...Reuters
an hour ago
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
2 hours 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
2 hours 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
3 hours 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
3 hours 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
4 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
4 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
4 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
4 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
4 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
4 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
5 hours ago
