News
Important Only
Canada to support IEA release with 23.6 million barrels, energy minister says
TORONTO, March 13 (Reuters) - Canada will support the International Energy Agency's oil release with 23.6 million barrels from domestic producers, Energy Minister Tim Hodgson said on Friday.The IEA on Wednesday agreed to release a record 400 million barrels of oil from strategic stockpiles held ...Reuters
17 minutes ago
CK Hutchison's Panama unit says it is coordinating with suppliers after port contracts canceled
PANAMA CITY, March 13 (Reuters) - Hong Kong conglomerate CK Hutchison's Panama subsidiary is continuing to coordinate with suppliers after the Panamanian government canceled its contracts for the Balboa and Colon ports, the company said in a statement on Friday.The subsidiary, Panama Ports Compa...Reuters
17 minutes ago
Gold price heads for weekly loss as DXY surges above 100.00
Gold price loses some 0.70% on Friday. It seems poised to end the week with losses of more than 2% as the Greenback remains the choice for safety amid the Middle East conflict, which has increased investors' angst over a reacceleration of inflation.
Fxstreet
19 minutes ago
FACTBOX-Storms cut power to 836,000 customers in US Midwest, Mid-Atlantic; Ohio hardest hit
By Scott DiSavinoNEW YORK, March 13 (Reuters) - More than 836,000 homes and businesses were without power on Friday as severe storms battered the U.S. Midwest and Mid-Atlantic region, according to data from PowerOutage.us.The hardest-hit state was Ohio, with around 412,850 outages, representing abou...Reuters
24 minutes ago
US-owned tanker attacked near Iraq was hit by unmanned boats, early findings show
Safesea Vishnu tanker attacked by two explosive-laden unmanned boats, crew jumped into water to escapeOne crew was killed in attack, remaining 27 crew safeUS Navy has repeatedly declined escort requests through Strait of Hormuz due to high attack riskBy Lisa Baertlein LOS ANGELES, March 13 (Reute...Reuters
29 minutes ago
Trump rejected Putin offer to move Iran's uranium to Russia, Axios reports
WASHINGTON, March 13 (Reuters) - U.S. President Donald Trump rejected an offer by Russian President Vladimir Putin to move Iran's enriched uranium to Russia as part of a deal to end the U.S. and Israel's war against Tehran, Axios reported on Friday.Putin made the proposal in a phone call wit...Reuters
30 minutes ago
CIF/FOB Gulf Grain-Soy basis dips as Chinese demand stays quiet
CHICAGO, March 13 (Reuters) - Spot basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals slipped on Friday as Chinese demand remained quiet, traders said.Traders were waiting for a meeting between U.S. Treasury Secretary Scott Bessent and Chinese Vice Premier He Lifeng in France from...Reuters
44 minutes ago
WRAPUP 1-Governments globally roll out measures to blunt effect of Iran war energy shock on consumers
Governments intervene as fuel costs ripple through economiesPower, food costs rise as energy shock spreads globallyCountries tap reserves and subsidies to stabilise energy marketsBy Joyce Lee, Daewoung Kim and Mohamed Ezz SEOUL/CAIRO, March 13 (Reuters) - Governments from Asia to Europe are scram...Reuters
57 minutes ago
WRAPUP 11- Trumps says US could escort ships through strait as oil prices roil global economy
Trump pledges more strikes 'over the next week'US issues 30-day waiver for Russian oil purchasesIsrael and Iran exchange missile barragesTrump says Putin helping Iran 'a little bit' By Parisa Hafezi, Maya Gebeily and Alexander Cornwell WASHINGTON/DUBAI/BEIRUT/JERUSALEM, March 13 (...Reuters
57 minutes ago
Crude futures turn positive on continued Hormuz closure
Reports of resolution, continued fighting move pricesUS measures aimed at easing supply tightnessDisruption of trade through the strait continues By Erwin Seba HOUSTON, March 13 (Reuters) - Crude futures climbed higher on Friday as the Strait of Hormuz remained closed, but analysts were wary the ...Reuters
an hour ago
LIVESTOCK-CME cattle ease on demand worries as crude oil prices rise
By Karl Plume CHICAGO, March 13 (Reuters) - Chicago Mercantile Exchange live cattle futures eased on Friday as anxiety over rising crude oil prices and broader economic concerns more than offset support from tight cattle supplies and improving beef packer margins.Feeder cattle were mixed as suppo...Reuters
an hour ago
Iran war deprives US farmers of affordable fertilizer as spring planting looms
Fertilizer shortage due to Iran war alarming US and Canadian farmersFertilizer dealers could be 25-35% short of usual spring fertilizer suppliesPrices have surged since Iran war beganBy Ed White WINNIPEG, Manitoba, March 13 (Reuters) - Farmers in the U.S. and Canada, already worried about another...Reuters
an hour ago
US expands Venezuela sanctions waivers amid rising prices
LOS ANGELES, March 13 (Reuters) - The United States on Friday updated waivers to Venezuela sanctions aimed at easing the way for investment and activities related to the country's oil and the export of fertilizer, as prices rise amid U.S. strikes on Iran.The U.S. Treasury Department issued three...Reuters
an hour ago
US issues license authorizing certain activities involving Venezuelan-origin oil
LOS ANGELES, March 13 (Reuters) - The U.S. issued a general license Friday authorizing certain activities involving Venezuelan-origin oil or petrochemical products, according to the Treasury Department website.Reuters
2 hours ago
FACTBOX-Storms cut power to 396,000 customers in US Midwest, Mid-Atlantic; Ohio hardest hit
By Scott DiSavinoNEW YORK, March 13 (Reuters) - Over 396,000 homes and businesses were without power on Friday as severe storms battered the U.S. Midwest and Mid-Atlantic region, according to data from PowerOutage.us.The hardest-hit state was Ohio, with around 123,000 outages, representing about 2.3...Reuters
2 hours ago
CBOT corn ends higher on positioning ahead of weekend
CHICAGO, March 13 (Reuters) - Chicago Board of Trade corn futures firmed for a third straight day on Friday as traders squared positions ahead of the weekend amid anxiety over ongoing hostilities in the Middle East and rising crude oil prices.Corn has also drawn support from expectations that rising...Reuters
2 hours ago
GRAINS-Soybeans slip from near two-year high, corn gains on pre-weekend positioning
Crude oil rebounds from overnight lows, lifting grainsTraders squaring positions on grains ahead of the weekendUpcoming U.S.-China talks eyed for soybean demandBy Karl Plume CHICAGO, March 13 (Reuters) - U.S. soybean futures weakened on Friday after hitting a near two-year high in the previous se...Reuters
2 hours ago
Pakistani airstrikes cause civilian casualties in Kabul, Taliban and UN say
Taliban say six killed in residential areas of Kabul, NangarharKam Air fuel depot supplies civilian, UN aircraft, Taliban sayAfghanistan sends drones into Pakistan in response Strikes follow Chinese mediation effortsPakistan's information minister denies targeting civiliansBy Mohammad Yunus Yawa...Reuters
2 hours ago
CBOT wheat ends higher on technical buying, US weather concerns
CHICAGO, March 13 (Reuters) - Chicago Board of Trade wheat futures rose for a third straight day on Friday on dry conditions in the U.S. Plains wheat belt, technical buying, and speculative buying tied to rising crude oil prices and war in the Middle East, traders said.Rallying crude oil prices have...Reuters
2 hours ago
