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United Airlines to cut 5% of scheduled flights as fuel prices soar
March 20 (Reuters) - United Airlines UAL.O CEO Scott Kirby said on Friday the airline will cancel about 5% of planned flights in the short term, as jet fuel prices surge due to the Middle East conflict."If prices stayed at this level, it would mean an extra $11 billion in annual expense just for...Reuters
27 minutes ago
LIVESTOCK-CME cattle futures rise in anticipation of Cattle on Feed numbers
CHICAGO, March 20 (Reuters) - Chicago Mercantile Exchange cattle futures firmed on Friday as traders anticipated the U.S. Department of Agriculture's monthly Cattle on Feed report, released after the session closed. CME April feeders FCJ26 finished up 2.475 cents at 357.75 cents per pound. April...Reuters
38 minutes ago
US Issues 30-day sanctions waiver for sale of Iranian oil at sea
WASHINGTON, March 20 (Reuters) - The Trump administration on Friday issued a 30-day sanctions waiver for the purchase of Iranian oil at sea to ease energy supply pressures since the start of the U.S.-Israeli war on Iran, U.S. Treasury Secretary Scott Bessent said.This was the third time the U.S. has...Reuters
49 minutes ago
United Airlines to cut 5% of scheduled flights as fuel prices soar
March 20 (Reuters) - United Airlines UAL.O CEO Scott Kirby said on Friday the airline will cancel about 5% of this year's planned flights in the short term, as jet fuel prices surge due to the Middle East conflict."If prices stayed at this level, it would mean an extra $11 billion in annual ...Reuters
58 minutes ago
US loans 45.2 million barrels of strategic reserve oil in first batch since Iran war
By Ismail Shakil March 20 (Reuters) - The U.S. Energy Department said it had awarded contracts to loan 45.2 million barrels of crude oil from the Strategic Petroleum Reserve as of Friday.Companies that have been awarded the SPR contracts include BP Products North America, Gunvor USA, Marathon Pet...Reuters
an hour ago
US authorizes temporary delivery, sale of oil originating from Iran
WASHINGTON, March 20 (Reuters) - The United States on Friday gave a 30-day authorization for the delivery and sale of crude oil and petroleum products of Iranian-origin loaded vessels, according to the U.S. Treasury Department.Reuters
an hour ago
SoftBank and AEP plan massive Ohio gas-fired AI data center campus
Officials say project strengthens US position in AI raceJapan to invest more than $33 billionPotential new model for data center building boom By Timothy Gardner and Laila Kearney WASHINGTON, March 20 (Reuters) - The U.S. Department of Energy on Friday announced a partnership between Japan's ...Reuters
2 hours ago
US awards contracts for 45.2 million barrels of oil from strategic reserve
March 20 (Reuters) - The U.S. Energy Department said it had awarded contracts to loan 45.2 million barrels of oil from the Strategic Petroleum Reserve(SPR) as of Friday.Companies that have been awarded the SPR contracts include BP Products North America, Gunvor USA, Marathon Petroleum and Shell Trad...Reuters
2 hours ago
Nuclear reactor developer X‑Energy files for US IPO
March 20 (Reuters) - X-Energy has filed for an initial public offering in the United States, it said on Friday, as the reactor developer aims to tap growing investor enthusiasm for nuclear power.The U.S. nuclear industry is in midst of a renaissance after years of stagnation, driven primarily by sur...Reuters
2 hours ago
Cuba rejects US request to bring in fuel, Washington Post reports
WASHINGTON, March 20 (Reuters) - Cuba has rejected a request by the U.S. Embassy in Havana to import diesel fuel for its generators this week amid nationwide blackouts, the Washington Post reported on Friday, citing diplomatic cables it reviewed.The State Department did not immediately respond to a ...Reuters
2 hours ago
US Plains HRW Wheat-Basis mostly steady-to-mixed, Gulf basis dips
CHICAGO, March 20 (Reuters) - Basis bids for hard red winter (HRW) wheat were steady to mixed in most markets in the southern U.S. Plains on Friday in sluggish trade, merchandisers said.Protein premiums for railcar wheat to and through Kansas City rose 1 cent a bushel for wheat with 11.60 and 12.40 ...Reuters
2 hours ago
US says airport delays will worsen as shutdown continues
By David Shepardson WASHINGTON, March 20 (Reuters) - U.S. Transportation Secretary Sean Duffy said on Friday he is worried disruptions at major airports will increase as a partial government shutdown continues with no end in sight.Airlines and travel groups fear absences among the 50,000 Transpor...Reuters
2 hours ago
WRAPUP 11-US sending Marines and amphibious assault ship to Middle East, officials say
Marine expeditionary force readies for Middle East deploymentPoll shows large majority of US voters oppose ground operation Israeli military says strikes launched on targets in TehranIran attacks refinery in Kuwait as energy fears growAllies' help in Hormuz conditional on ceasefire By Idrees Ali...Reuters
2 hours ago
CIF/FOB Gulf Grain-Corn, soybean barge basis steady firm as futures slip
CHICAGO, March 20 (Reuters) - Spot basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals were steady to firmer on Friday on weaker futures values and good demand from exporters, traders said.Chicago Board of Trade corn Cv1 and soybean Sv1 futures fell on Friday and were lowe...Reuters
3 hours ago
Chicago sues Trump administration over $3.1 billion in frozen transit funding
Suit calls funding freeze an act of political retaliationChicago has second-largest US public transit systemBy David ShepardsonMarch 20 (Reuters) - The Chicago Transit Authority sued President Donald Trump's administration on Friday in a bid to undo a White House decision to freeze $3.1 billion ...Reuters
3 hours ago
CBOT wheat ends down on dollar strength, Plains rain
CHICAGO, March 20 (Reuters) - Chicago Board of Trade wheat futures ticked down on Friday as precipitation was expected in the parched U.S. Southern Plains and the U.S. dollar gained strength. The dollar gained ground on Friday as investors pared their bets on Fed rate cuts, given the probability of ...Reuters
3 hours ago
CBOT soybeans fall as the dollar gains ground
CHICAGO, March 20 (Reuters) - Chicago Board of Trade soybean futures fell on Friday as the dollar strengthened. The dollar gained ground on Friday as investors pared their bets on Fed rate cuts, given the probability of rising inflation triggered by higher energy prices.A rising dollar tends to make...Reuters
4 hours ago
GRAINS-Grains, oilseeds lower as dollar rises
Grain and oilseed futures pressured by dollar strengthCrude oil climbs after choppy tradeUS wheat belt expected to see precipitationBy Renee Hickman CHICAGO, March 20 (Reuters) - Chicago grains and oilseeds retreated on Friday as the dollar regained ground, while forecasts of rain in dry U.S. whe...Reuters
4 hours ago
CBOT corn futures fall as dollar rises
CHICAGO, March 20 (Reuters) - Chicago Board of Trade corn futures eased on Friday as the dollar found strength. The dollar gained ground as investors pared their bets on U.S. Federal Reserve rate cuts, given the probability of rising inflation triggered by higher energy prices.A stronger dollar tend...Reuters
4 hours ago
