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Oil rises as markets assess supply risks after Iran denies US talks
Trump says US and Iran have 'major points of agreement'Iran rejects the claims of contact with WashingtonMacquarie says Brent could hit $150 if Hormuz stays shut through AprilBy Anmol Choubey March 24 (Reuters) - Oil prices rose in early trade on Tuesday on supply fears, as Iran denied it...Reuters
9 minutes ago
Itochu, US firm to set up Japan JV in electronics recycling
TOKYO, March 24 (Reuters) - Japanese trading house Itochu 8001.T said on Tuesday it has agreed to form a capital and business alliance with U.S. Electronic Recyclers International, which operates an electronic equipment recycling business in the United States.The companies will establish a joint ven...Reuters
10 minutes ago
Australia, EU seal long-awaited trade deal amid global trade tensions
Deal removes over 99% of tariffs on EU goods exports to AustraliaEU aims to reduce dependency on China, expand Indo-Pacific tiesBy Renju Jose SYDNEY, March 24 (Reuters) - Australia and the European Union on Tuesday signed a trade deal marking the culmination of years of negotiations, as Europe se...Reuters
31 minutes ago
Iran denies any talks with US following Trump's remarks
Iran’s Foreign Ministry, Abbas Araghchi, stated that there was “no dialogue” between Tehran and Washington. Meanwhile, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said in a social media post on Monday that “no negotiations have been held with the US.”Fxstreet
40 minutes ago
CIF/FOB Gulf Grain-Corn, soy barge basis steady-firmer as farmer sales slow
CHICAGO, March 23 (Reuters) - Spot basis bids of soybeans and corn shipped by barge to U.S. Gulf Coast terminals were steady to stronger on Monday, supported by decent demand from exporters amid slowing farmer grain sales, traders said.Under its daily reporting rules, the U.S. Department of Agricult...Reuters
47 minutes ago
CERAWEEK-About 300 protesters chant, rally outside energy conference
By Erwin SebaHOUSTON, March 23 (Reuters) - About 300 protesters chanted “we need clean air, not another billionaire!” on Monday outside the Houston hotel where many of the world's top energy industry executives have gathered this week for the largest annual industry conference.CERAWeek draws oil...Reuters
an hour ago
CERAWeek-Canadian crude re-exports from Gulf Coast set to surge with pipeline projects, Enbridge says
Enbridge sees India, Africa as key markets for re-exported Canadian crudeCompany's Mainline expansion projects will carry more Canadian oil to the USCanadian oil output forecast to rise by 1 million bpd by 2035By Amanda Stephenson HOUSTON, March 23 (Reuters) - Gulf Coast re-exports of Canadia...Reuters
an hour ago
Union says BP lockout at Indiana oil refinery was unfair, urges return to talks
By Nicole Jao and Anushree Mukherjee NEW YORK, March 23 (Reuters) - The United Steelworkers said on Monday BP BP.L engaged in unfair labor practices by locking out nearly 800 workers at its Whiting, Indiana, oil refinery and urged the company to resume contract talks."BP's decision to loc...Reuters
2 hours ago
US Cash Crude-Grades slightly softer as market weighs Trump talks with Iran
NEW YORK, March 23 (Reuters) - Premiums for U.S. cash crude grades were steady to softer on Monday during the roll-trading period, dealers said, as fears of prolonged supply disruptions eased after President Donald Trump said the U.S. was in talks with Tehran about ending the U.S.-Israeli war on Ira...Reuters
2 hours ago
California sues US Dept of Energy over Sable oil pipeline restart
By David Thomas March 23 (Reuters) - California Attorney General Rob Bonta said on Monday he has sued the U.S. Department of Energy to stop it from using a Cold War-era law to restart the long-disputed Sable Offshore SOC.N pipeline system linking the Santa Ynez offshore platform to California ref...Reuters
2 hours ago
CERAWEEK-NextEra secures land in Texas for giant gas plant to power data centers, CEO says
By Laila KearneyHOUSTON, March 23 (Reuters) - NextEra Energy NEE.N has secured land in Texas for a gas-fired plant to power a large data center campus backed by a U.S.-Japan agreement, the company’s CEO said on Monday.The power provider announced last week that the administration of President Donald...Reuters
2 hours ago
US Plains HRW Wheat-Basis flat as future tick down
CHICAGO, March 23 (Reuters) - Basis bids for hard red winter (HRW) wheat were unchanged in a spot check of locations in the southern U.S. Plains on Monday. Temperatures were extremely warm over the weekend across most of the hard red winter wheat belt in the Plains, according to forecaster Vaisala....Reuters
2 hours ago
CERAWEEK-NNPC Group CEO says Nigeria can grow production by 100,000 bpd over next few months
By Sheila Dang HOUSTON, March 23 (Reuters) - Nigeria can increase oil production by about 100,000 barrels per day over the next few months, said Bashir Bayo Ojulari, group CEO of Nigerian National Petroleum Company.The country averaged about 1.6 million to 1.7 million barrels per day last year an...Reuters
2 hours ago
CERAWEEK-NextEra has secured land in Texas for giant gas plant project to power data centers, CEO says
HOUSTON, March 23 (Reuters) - NextEra Energy NEE.N has secured land in Texas for a gas-fired plant to power a large data center campus backed by a U.S.-Japan agreement, the company’s CEO said on Monday.The power provider announced last week that the administration of Donald Trump approved the develo...Reuters
2 hours ago
CERAWEEK-White House energy adviser says US oil companies are inquiring about additional drilling in Alaska
HOUSTON, March 23 (Reuters) - U.S. oil companies have been inquiring about additional drilling in Alaska, White House energy adviser Jarrod Agen said on the sidelines of the CERAWeek energy conference in Houston on Monday. Agen said there had been several meetings about increasing production in Alas...Reuters
2 hours ago
US crude oil futures rise over $1 in early Asia trade
March 24 (Reuters) - U.S. crude futures rose more than $1 in early Asia trade on Tuesday as markets assessed the supply outlook after Iran denied holding talks with the United States, contradicting President Donald Trump's earlier claim that discussions were under way.U.S. West Texas Intermediat...Reuters
3 hours ago
Union says BP lockout at Indiana oil refinery was unfair, urges return to talks
March 23 (Reuters) - The United Steelworkers said on Monday BP BP.L engaged in unfair labor practices by locking out nearly 800 workers at its Whiting, Indiana, oil refinery, and urged the company to resume contract talks."BP's decision to lock out these skilled workers is unacceptable and u...Reuters
3 hours ago
CERAWEEK-Iran war makes second phase of LNG Canada more likely, TC Energy CEO says
TC Energy ready for LNG Canada Phase 2 expansionIran war highlights LNG value bypassing Strait of HormuzCanada aims to be top LNG exporter to Asia, Poirier saysBy Amanda Stephenson HOUSTON, March 23 (Reuters) - The disruption to global liquefied natural gas supplies caused by the Iran war makes i...Reuters
3 hours ago
