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Trump administration directs Sable Offshore to restore Santa Ynez oil unit
LOS ANGELES, March 13 (Reuters) - The Trump administration on Friday directed Sable Offshore SOC.N to restore oil drilling operations off the southern California coast, the U.S. Energy Department said.The move aims to restart oil production at a cluster of offshore platforms as fuel prices continue ...Reuters
3 minutes ago
BP revises Whiting oil refinery contract offer after union members reject proposal
March 13 (Reuters) - BP BP.L on Friday issued a revised contract offer to union workers at its Whiting, Indiana, oil refinery after members of the United Steelworkers overwhelmingly rejected what the company had described as its "last, best and final" proposal.The USW stated on Thursday that...Reuters
31 minutes ago
Venezuela and Colombia discuss security as Rodriguez calls for end to US sanctions
Ministers hold first post-Maduro in-person meetingRodriguez calls for end to US sanctions against VenezuelaMeeting focused on energy cooperation, security, and tradeVenezuela plans to repair pipeline for gas exports to ColombiaBy Vivian Sequera, Mayela Armas and Luis Jaime Acosta CARACAS/BOGOTA, ...Reuters
39 minutes 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
41 minutes ago
BP On Whiting Refinery Negotiations: Met With Union Bargaining Committee To Issue Revised Offer
March 13 (Reuters) - BP ON WHITING REFINERY NEGOTIATIONS: MET WITH UNION BARGAINING COMMITTEE TODAY TO ISSUE REVISED OFFER, ASK QUESTIONS, AND GATHER FEEDBACKBP ON WHITING REFINERY NEGOTIATIONS: IN REVISED OFFER, $7,500 LUMP SUM CONSIDERATION REDUCED TO $2,500BP ON WHITING REFINERY NEGOTIATIONS: REV...Reuters
2 hours ago
US expands Venezuela sanctions waivers in move to boost fertilizer exports and electricity investment
US eases Venezuela sanctions for oil and fertilizerInvestment allowed in energy and petrochemicalsMove aims to lower prices, aid US farmersBy Jarrett Renshaw PALM BEACH, Florida, March 13 (Reuters) - The U.S. on Friday expanded sanctions waivers on Venezuela, easing the way for investment in the ...Reuters
2 hours ago
TABLE-Mexico's Pemex sets April Maya price for international buyers
MEXICO CITY, March 13 - Mexican state oil company Pemex revised its April term pricing formulas for crude shipped to customers in the Americas, Europe and Asia, the company's trading arm said on Friday.The following table lists adjustments to price constants for Pemex's flagship Maya heavy c...Reuters
2 hours ago
Flights halted at DC airports after chemical smell
By David ShepardsonWASHINGTON, March 13 (Reuters) - The U.S. Federal Aviation Administration said it stopped traffic at the three primary Washington-area airports on Friday after air traffic controllers at a Virginia facility had to halt work because of a strong chemical smell. The FAA said the i...Reuters
2 hours ago
S&P Affirms Ratings On Saudi Arabia At 'A+/A-1' With 'Stable' Outlook
March 14 (Reuters) - S&P:S&P: RATINGS ON SAUDI ARABIA AFFIRMED AT 'A+/A-1'; OUTLOOK STABLES&P: STABLE OUTLOOK REFLECTS VIEW THAT SAUDI ARABIA WILL BE ABLE TO WEATHER THE ONGOING REGIONAL CONFLICTS&P: CURRENT BASE CASE IS THAT MAIN THREATS TO SAUDI ARABIA WILL BEGIN TO FADE BY...Reuters
2 hours ago
CANADA-CRUDE-Discount on Western Canada Select widens
March 13 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 widened on Friday.WCS for April delivery in Hardisty, Alberta, settled at $13.20 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared to $1...Reuters
2 hours ago
Canada to support IEA release with 23.6 million barrels, energy minister says
By Amanda Stephenson 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, meeting the target largely through already planned production.The IEA on Wedn...Reuters
2 hours 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
2 hours 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
2 hours 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
3 hours 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
3 hours 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
3 hours 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
3 hours 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
3 hours ago
