News
Important Only
PRECIOUS-Gold climbs more than 2% on softer dollar, easing fears of higher interest rates
US proposes plan to end war in IranOil prices drop on prospect of Middle East ceasefireUS dollar edges down 0.2%By Noel John March 25 (Reuters) - Gold rose more than 2% on Wednesday, buoyed by a softer dollar, while a drop in oil prices eased concerns about elevated inflation and higher global in...Reuters
16 minutes ago
METALS-Copper rebounds on softer dollar, Middle East de-escalation hopes
BEIJING, March 25 (Reuters) - Copper prices rebounded on Wednesday, as a softer dollar and renewed hopes of a de-escalation in the Middle East war bolstered demand prospects.The most-traded copper contract on the Shanghai Futures Exchange SCFcv1 rose 1.36% to 95,800 yuan ($13,916.13) per metric ton...Reuters
24 minutes ago
Fluid release ignited blast, fire at Valero refinery, filing shows
Valero completed Port Arthur refinery shutdown on TuesdayFire extinguished at Texas refinery No injuries reported from blast, blazeBy Erwin SebaHOUSTON, March 24 (Reuters) - A release of fluid set off an explosion and ensuing fire that forced the temporary shutdown of Valero Energy Corp's VLO.N ...Reuters
an hour ago
Oil prices drop on prospect of Middle East ceasefire easing supply disruption
Trump cites progress with Iran, US proposes plan to end war Iran tells UN 'non-hostile' ships can transit Strait of HormuzSaudi boosts Yanbu exports to work around Hormuz halt, data showsBy Yuka Obayashi TOKYO, March 25 (Reuters) - Oil prices dropped more than 5% on Wednesday on the p...Reuters
an hour ago
PRECIOUS-Gold climbs over 2% on softer dollar, easing fears of higher interest rates
March 25 (Reuters) - Gold rose more than 2% on Wednesday, buoyed by a softer dollar, while a drop in oil prices eased concerns about elevated inflation and higher global interest rates, amid reports of a U.S. plan to end the Middle East war. FUNDAMENTALS Spot gold XAU= rose 2.1% to $4,568.29 pe...Reuters
an hour ago
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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
3 hours 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
3 hours 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
3 hours 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
3 hours 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
3 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
3 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
4 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
4 hours ago
