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GRAINS-Chicago soybeans fall as hopes fade for quick end to Iran war
BEIJING, March 25 (Reuters) - Chicago soybean futures slipped on Wednesday as traders scaled back expectations of a swift end to the U.S.-Israeli war on Iran, while uncertainty persisted over how long the conflict will go on.Wheat and corn futures also edged lower.FUNDAMENTALSThe most-active soybean...Reuters
7 minutes ago
CIF/FOB Gulf Grain-Corn, soy barge bids soften as freight costs dip
CHICAGO, March 24 (Reuters) - Spot basis bids of corn and soybeans shipped by barge to U.S. Gulf Coast terminals declined on Tuesday, reflecting slower exporter demand and cheaper barge freight costs, traders said. Empty barges on the Mississippi River at St. Louis for this week were offered at 485%...Reuters
12 minutes ago
CERAWEEK-Equinor CEO says EU unlikely to increase Russian gas imports
Company hopes for approval of Canada's Bay du Nord next yearControversial North Sea project moving forwardEU has strong ties with Ukraine By Stephanie Kelly HOUSTON, March 24 (Reuters) - Anders Opedal, CEO of Norway's Equinor EQNR.OL, said on Tuesday the European Union was unlikely to inc...Reuters
20 minutes ago
Tracking technologies failed to prevent deadly LaGuardia collision, NTSB says
NTSB chair says fire truck that collided with Air Canada Express jet lacked transponderNTSB said two controllers were working in tower's glass enclosed sectionRunway status lights that warn it is unsafe to cross were operatingAir crashes are typically caused by multiple factorsBy David Shepardso...Reuters
20 minutes ago
Australia moves to double fines for fuel gouging amid shortages
SYDNEY, March 25 (Reuters) - Australia's centre-left government on Wednesday introduced legislation in the parliament to double penalties for fuel price gouging as global supply disruptions due to the Iran war triggered fuel shortages in some rural regions.Australia last year imported 84% of its...Reuters
24 minutes ago
RPT-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
58 minutes ago
CERAWEEK-Venezuela opposition leader Maria Corina Machado pushes for energy investment security, transparency
Venezuela opposition leader Maria Corina Machado calls for new oil law for investment securityMachado supports keeping Citgo as a strategic asset for VenezuelaMachado advocates reducing PDVSA's size, transferring operations to private sectorMachado highlights geopolitical factors boosting intere...Reuters
an hour ago
US Cash Grains-Midwest corn basis steady to higher at processors, river terminals
CHICAGO, March 24 (Reuters) - Basis bids for corn were steady to higher at processors and river terminals and steady to lower at elevators in a spot check of locations in the U.S. Midwest on Tuesday as futures firmed.Corn basis bids rose 5 cents at a processor in the Chicago, Illinois area and at a ...Reuters
an hour ago
CERAWEEK-Rio Tinto expects Resolution Copper mine to open by mid-2030s
Resolution's copper may be exported due to smelting challengesRio presses Washington for measures to improve copper economics Investigation underway after Kennecott mine deathRio 'keen' to make agreement on Mongolia operationsBy Ernest Scheyder HOUSTON, March 24 (Reuters) - Rio Tinto ...Reuters
an hour ago
REFILE-International convoy delivers tons of aid to Cuba amid crisis
By Ayose Naranjo HAVANA, March 24 (Reuters) - Cuba on Tuesday received a shipment of humanitarian aid from the Nuestra America Convoy, an international effort organized by global activists seeking to circumvent U.S. sanctions that severely restrict shipments of fuel and other goods to the isl...Reuters
2 hours ago
Trump to ease smog rules on summer gasoline to bring down prices, sources say
By Jarrett RenshawHOUSTON, March 24 (Reuters) - The Trump administration is expected to announce as soon as Wednesday that it will temporarily lift federal smog-cutting restrictions on summer-blend gasoline to curb rising energy prices stemming from the war on Iran, according to two sources familiar...Reuters
2 hours ago
US oil prices fall on prospect of Middle East ceasefire easing supply disruption
TOKYO, March 25 (Reuters) - U.S. crude futures fell about 4% in early trade on Wednesday on the prospect of a possible ceasefire easing disruption to global oil supply, following reports that Washington had sent Tehran a 15-point plan to end the war in the Middle East.U.S. West Texas Intermediate (W...Reuters
2 hours ago
Drone attack hits fuel tank at Kuwait International Airport causing fire
March 25 (Reuters) - Drones targeted a fuel tank at Kuwait International Airport, causing a fire but no casualties, Kuwait's Civil Aviation Authority said on Wednesday.Emergency procedures were activated immediately, with firefighting teams responding to the blaze, it said, adding that initial r...Reuters
2 hours ago
Goldman lifts Q2 aluminum forecast to $3,200 on supply disruptions
March 24 (Reuters) - Goldman Sachs raised its second-quarter LME aluminum average price forecast to $3,200 a tonne from $3,100, citing supply losses from Middle East disruptions and the shutdown of the Mozal smelter in Mozambique. LME aluminium CMAL3 traded at $3,260.50 at 2215 GMT. Goldman...Reuters
2 hours ago
Gold rebounds above $4,450 as Middle East tensions persist
Gold price (XAU/USD) recovers some lost ground to around $4,470 during the early Asian session on Wednesday. The precious metal edges higher following a period of extreme volatility, with the price falling to a four-month low near $4,100, its worst weekly performance since 1983.
Fxstreet
2 hours ago
Oil pares gains after reports of US plan aimed at ending the Middle East war
US sends Iran 15-point plan to end Middle East warOil prices volatile amid mixed signals on US-Iran talksSupply disruptions persist, Strait of Hormuz remains effectively closedBy Nicole Jao NEW YORK, March 24 (Reuters) - Oil pared gains on Tuesday in volatile post-settlement trading, after rallyi...Reuters
2 hours ago
CERAWEEK-Equinor CEO says it would be difficult for EU to raise Russian gas imports during Ukraine war
HOUSTON, March 24 (Reuters) - Equinor EQNR.OL CEO Anders Opedal said on Tuesday it would be very difficult for the European Union to increase Russian gas imports to mitigate the energy supply crisis in the Middle East while Russia's war with Ukraine continues. Europe's energy market is diffe...Reuters
2 hours ago
CERAWEEK-US shale firms unlikely to drill at $100 a barrel unless high prices last longer, executives say
ConocoPhillips not currently considering output boost, executive saysEven after driller decides to boost output, it takes 6 months to a yearNine months is 'very-best-case scenario,' executive saysBy Arathy Somasekhar, Georgina McCartney and Sheila DangHOUSTON, March 23 (Reuters) - Oil prices...Reuters
2 hours ago
Trump administration may waive summer gasoline rules as soon as Wednesday, sources say
HOUSTON, March 24 (Reuters) - The Trump administration is expected to announce as soon as Wednesday that it will temporarily lift federal smog-cutting restrictions on summer-blend gasoline to curb rising energy prices stemming from the war on Iran, according to two sources familiar with the matter.T...Reuters
2 hours ago
CORRECTED-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
3 hours ago
