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CORRECTED-Canada's Conifex Q4 revenue falls on lower shipment volumes
OverviewCanada lumber and bioenergy producer's Q4 revenue drops 16% yr/yr, with lumber revenue falling 25% amid lower shipment volumesQ4 net loss widened as elevated duty and tariff rates weighed on operating resultsCompany secured C$19 mln term loan after year-end to address liquidity challenge...Reuters
3 minutes ago
WRAPUP 8-Trump puts off threat to bomb Iran power grid; three countries reportedly mediating
Trump post says 'good' talks with Iran discuss 'complete and total resolution of hostilities'Israel launches new wave of attacks on TehranIran vows to strike Gulf infrastructure if US attacks power gridTehran says strait open to all but 'enemies'By Maayan Lubell, Alexander Co...Reuters
3 minutes ago
RPT-CERAWEEK-US energy, interior secretaries meet executives amid market turmoil
By Arathy Somasekhar and Georgina McCartney HOUSTON, March 22 (Reuters) - U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum discussed everything from raising domestic oil output to opportunities in Venezuela with energy executives in Houston on Sunday amid the world's wors...Reuters
12 minutes ago
Japan government considering intervention in oil futures, market sources say
By Atsuko Aoyama and Takaya YamaguchiTOKYO, March 23 (Reuters) - Japan's government is considering intervention in crude oil futures as the Middle East crisis drives energy prices sharply higher, market sources said on Monday.Government inquiries were made regarding specific methods for interven...Reuters
18 minutes ago
Oil plunges after Trump postpones strikes on Iranian power plants
Trump gave Iran 48 hours to reopen Strait of Hormuz on SaturdayNo talks under way between Iran and US, Tasnim reportsTrump says the US and Tehran have held constructive talksMiddle East crisis worse than 1970s oil shocks, IEA's Birol saysBy Seher Dareen LONDON, March 23 (Reuters) - Oil prices...Reuters
19 minutes ago
Sugar Falls After Oil Price Slumps as Trump Backs Down on Iran Power Strikes
LONDON, March 23 (Reuters) - Raw sugar futures on ICE fell on Monday after oil prices slumped following comments from U.S. President Donald Trump that he would postpone any strikes on Iranian power plants and energy infrastructure.Reuters
20 minutes ago
Chicago Grains Choppy After Trump Delays Strikes on Iran Power Plants
PARIS/BEIJING, March 23 (Reuters) - Chicago grain and soybean futures flitted between positive and negative territory on Monday as U.S. President Donald Trump's announcement of a delay to possible strikes against Iranian power plants roiled financial markets.Reuters
20 minutes ago
RPT-ROI-Every missile fired over Iran is burning through US tungsten stocks: Andy Home
By Andy Home LONDON, March 23 (Reuters) - The U.S. and Israel have used thousands of munitions in their air campaign against Iran. Most, if not all of them, contain tungsten - a super-hard metal that allows missiles to penetrate armour or underground bunkers. Unlike a tungsten carbide drill b...Reuters
23 minutes ago
RPT-ROI-Crude oil's Catch-22: Pricing for Trump TACO trade makes it less likely: Russell
By Clyde Russell LAUNCESTON, Australia, March 23 (Reuters) - The crude oil futures markets are still largely pricing for an early resolution to the conflict in the Middle East that results in the full re-opening of the Strait of Hormuz.But in pricing for this outcome the market is actually making...Reuters
23 minutes ago
DoorDash rolls out emergency relief program as surging pump prices hit gig workers
By Nicole JaoNEW YORK, March 23 (Reuters) - Food delivery company DoorDash DASH.O said on Monday it is launching an emergency relief program to help U.S. gig workers offset rising fuel costs.The move comes as U.S. gig workers grapple with surging gasoline prices, driven by higher crude oil prices du...Reuters
23 minutes ago
Gold: Medium-term risks from CTA flows – TD Securities
TD Securities’ Senior Commodity Strategist Daniel Ghali argues that Gold’s bull market has been driven by successive capital pools, from central banks to institutional and retail investors, effectively mimicking a carry trade.Fxstreet
40 minutes ago
Gas tankers sail through Hormuz to India, most ships still stuck, data shows
LONDON/NEW DELHI, March 23 (Reuters) - Two Indian-flagged liquefied petroleum gas (LPG) tankers on Monday sailed through the Strait of Hormuz although overall traffic through the critical waterway remained blocked, according to data and sources.The Pine Gas tanker sailed through the Strait with the ...Reuters
41 minutes ago
PRECIOUS-Gold recovers from four-month low as oil falls after Trump delays Iran strikes
Gold pares some losses, down 2%Brent crude falls over 12% after Trump's remarksTrump says he has postponed strikes on Iranian power plantsBy Ishaan Arora and Pablo Sinha March 23 (Reuters) - Gold pared some earlier losses on Monday after U.S. President Donald Trump said he would delay any st...Reuters
43 minutes ago
Trump backs down on strikes on Iran's power network, says US and Tehran holding talks
WASHINGTON, March 23 (Reuters) - President Donald Trump backed down on targeting Iran's power network on Monday, saying the U.S. and Iran have held constructive talks and that he would postpone any strikes on power plants and energy infrastructure.Trump's statement came after Iran threatened...Reuters
an hour ago
Gold rebounds from year-to-date lows as Trump delays Iran energy strikes
Gold (XAU/USD) rebounds from year-to-date lows on Monday as bargain hunting emerges after a steep sell-off, with the metal finding support after news that US President Donald Trump postponed planned strikes against Iran's power plants and energy infrastructure.Fxstreet
an hour ago
WTI Oil drops as US strike delay eases Middle East supply disruption fears
West Texas Intermediate (WTI) US Oil trades around $92.20 on Monday at the time of writing, down 5.45% on the day, after falling sharply from around $100 to a daily low of $83.99, its lowest level in more than a week, amid a relative easing of geopolitical tensions.Fxstreet
an hour ago
EasyJet warns Iran war will push up ticket prices from end of summer
NEWCASTLE, England, March 23 (Reuters) - The chief executive of easyJet EZJ.L said European consumers would start to see higher ticket prices as a result of the Iran war towards the end of summer, when existing fuel hedges come to an end. "The reality is that prices will start feeding through to...Reuters
an hour ago
UPDATE 1 -Putin calls for 'balanced decisions' on use of Russia's energy revenues
MOSCOW, March 23 (Reuters) - Russian President Vladimir Putin told the government on Monday to make "balanced decisions" on how to use newly boosted state revenues from energy exports amid a spike in global prices.He also stressed the need to shield the economy and public accounts from exter...Reuters
an hour ago
