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SOFTS-Raw sugar hits five-month high; arabica coffee jumps 3.5%
NEW YORK, March 24 (Reuters) - Raw sugar futures on ICE rose on Tuesday to a five-month high, boosted by gains in energy markets , while coffee and cocoa prices also gained. SUGAR Raw sugar SBc1 settled up 0.36 cent, or 2.3%, at 15.88 cents per lb after setting a fiv...Reuters
18 minutes ago
US safety agency says tracking system failed at LaGuardia during jet collision
NEW YORK/MONTREAL March 24 (Reuters) - The National Transportation Safety Board said on Tuesday that a system which would have allowed a New York airport controller to track movement of aircraft and vehicles did not alert during a Sunday night fatal collision between an Air Canada AC.TO commercial j...Reuters
34 minutes ago
Trump says Iran made a major energy-related gift to the US
By Bo EricksonWASHINGTON, March 24 (Reuters) - President Donald Trump said on Tuesday that Iran had made a major energy-related concession to the United States, describing it as a positive development, although he did not give details. Trump suggested the gift was related to the Strait of Hormuz, th...Reuters
38 minutes ago
CERAWEEK-Kuwait oil CEO says Iran is 'holding the world's economy hostage'
Kuwait Petroleum CEO says emergency releases don't make up for disruptionsGulf states cut oil production after Iranian attacksKuwait's full production recovery could take 3-4 months post-warBy Stephanie Kelly HOUSTON, March 24 (Reuters) - Emergency measures to alleviate the disruption to ...Reuters
42 minutes ago
US natural gas futures rise 2% on Iran conflict's impact
Mild weather reduces heating demand, affecting storage levelsU.S. LNG exports remain at full capacity amid global price surgeU.S. gas prices rise 3% since Iran conflict, less than global increasesBy Scott DiSavino NEW YORK, March 24 (Reuters) - U.S. natural gas futures climbed about 2% on Tue...Reuters
45 minutes ago
US Plains HRW Wheat-Basis flat as futures firm
CHICAGO, March 24 (Reuters) - Basis bids for hard red winter (HRW) wheat were mostly unchanged in a spot check of locations in the southern U.S. Plains on Tuesday. Wheat futures drew support from concerns about drought in the U.S. Plains and robust prices in Russia, the world's biggest wheat ex...Reuters
55 minutes ago
US safety agency says ASDE-X tracking system did not work at LaGuardia during jet collision
March 24 (Reuters) - The National Transportation Safety Board said on Tuesday that a system which would have allowed a New York airport controller to track movement of airport and vehicles did not alert during a Sunday night collision between an Air Canada AC.TO commercial jet and a truck. NTSB Chai...Reuters
an hour ago
Europe Gasoline/Naphtha-Gasoline refining margins slump
LONDON, March 24 (Reuters) - Northwest European gasoline refinery profit margins fell sharply to nearly $12.68 per barrel on Tuesday as underlying crude prices gained.About 14,000 metric tons of E10 gasoline barges traded in the Argus window as TotalEnergies and Sahara sold to BP, Varo and MB Energy...Reuters
an hour ago
Oil rises as supply disruption persists and Iran denies talks with US
Trump says US, Iran have 'major points of agreement'Iran rejects claim of contact with WashingtonPakistan willing to host talks between the US and IranBy Nicole Jao NEW YORK, March 24 (Reuters) - Oil rallied on Tuesday as the world's biggest supply disruption persisted and Iran denied...Reuters
an hour ago
Trump: US is talking to the right people in Iran to make a deal
WASHINGTON, March 24 (Reuters) - U.S. President Donald Trump on Tuesday told reporters the United States was talking to "the right people" in Iran in order to reach an agreement to end hostilities, adding that the Iranians want to reach a deal very badly.Reuters
an hour ago
PRECIOUS-Gold extends decline on expectations of higher interest rates
Pakistan offers to host peace talks to end war on IranSpot gold down over 21% from record peak hit in January Platinum edges 1% higher By Ashitha Shivaprasad March 24 (Reuters) - Gold prices extended their decline on Tuesday, weighed down by persistent Middle East tensions that fanned worries of ...Reuters
an hour ago
EXCLUSIVE-Trump's approval hits new 36% low as fuel prices surge amid Iran war, Reuters/Ipsos poll finds
Trump's approval falls to 36% amid rising fuel pricesOne in four approve of Trump's handling of cost of living35% approve of U.S. strikes on Iran, down from 37%By Jason Lange and Bo Erickson WASHINGTON, March 24 (Reuters) - President Donald Trump's approval rating fell in recent days ...Reuters
an hour ago
No evidence Valero Texas refinery blast caused by intentional act, sheriff's office
By Erwin SebaHOUSTON, March 24 (Reuters) - No evidence has been found of a deliberate act as the cause of a Monday night explosion at Valero Energy Corp's VLO.N Port Arthur, Texas refinery, said the spokesperson for the Jefferson County Sheriff's office on Tuesday."No, we're not inve...Reuters
an hour ago
CERAWEEK-Cost to build gas plants has tripled over the last decade, Carlyle energy investment officer says
HOUSTON, March 24 (Reuters) - The cost of building gas plants has topped $3,000 per kilowatt, more than tripling over the last decade, Carlyle's energy investment officer said on Tuesday. "There's a real increase that's happened, and that's flowing into the power prices in th...Reuters
an hour ago
ANALYSIS-Gulf warnings and fears of miscalculation preceded Trump’s pause in Iran showdown
Gulf states told US that strikes on Iran’s grids would spark retaliation Iran refused to reopen Hormuz, sent oil higher, markets tumbling Iran warned Gulf of harsh reprisal if its power grids were hit Regional officials worry Trump misjudged Iranian resilienceBy Samia Nakhoul DUBAI, March 24 (Re...Reuters
2 hours ago
Brazil's TSEA to build US plant to support power grid modernization
By Leticia FucuchimaSAO PAULO, March 24 (Reuters) - Brazilian electrical equipment maker TSEA will build a $25 million factory in Eden, North Carolina, to supply voltage regulators for U.S. grid modernization, the company said on Tuesday.The factory will produce single-phase voltage regulators that ...Reuters
2 hours ago
No evidence Valero Texas refinery blast caused by intentional act, sheriff's office
HOUSTON, March 24 (Reuters) - No evidence has been found of a deliberate act as the cause of a Monday night explosion at Valero Energy Corp's VLO.N Port Arthur, Texas refinery, said the spokesperson for the Jefferson County Sheriff's office on Tuesday."No, we're not investigating it ...Reuters
2 hours ago
EU wheat steadies as war uncertainty persists
PARIS, March 24 (Reuters) - Euronext wheat steadied on Tuesday after hitting a 2-1/2 week low the previous day, supported by a bounce in crude oil and a fall in the euro as hopes for de-escalation in the Middle East subsided.The market also drew strength at the end of the session from news that majo...Reuters
2 hours ago
