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US tracking closely how to get oil tankers through Strait of Hormuz, White House says
By Nandita Bose and Bo EricksonWASHINGTON, March 25 (Reuters) - White House press secretary Karoline Leavitt on Wednesday said the United States is tracking "very closely" how to get oil tankers through the Strait of Hormuz. "As far as tankers through the Strait, it's something we...Reuters
13 minutes ago
EU wheat ticks higher on war uncertainty and weaker euro
PARIS, March 25 (Reuters) - Euronext wheat edged up on Wednesday, underpinned by a lower euro and doubts over ceasefire prospects in the U.S.-Israeli war with Iran.May milling wheat BL2K6, Euronext's most-active position, settled 0.4% higher at 204.00 euros ($236.17) a metric ton. It earlier fel...Reuters
16 minutes ago
Europe Gasoline/Naphtha-Gasoline refining margins edge higher as US stocks fall
LONDON, March 25 (Reuters) - Northwest European gasoline refinery profit margins rose slightly on the day to $12.56 per barrel on Wednesday, as U.S. gasoline inventories fell last week, according to Energy Information Administration data.A total of 6,000 tons of summer grade and 6,000 tons of winter...Reuters
20 minutes ago
POLL-US natural gas stockpiles likely fell by 44 billion cubic feet last week
March 25 (Reuters) - U.S. energy firms likely pulled 44 billion cubic feet of natural gas from storage last week, according to the average estimate in a Reuters poll released on Wednesday. The estimate compares with an injection of 33 bcf during the same week a year ago and an average decline of 21 ...Reuters
26 minutes ago
Iran threatens attack on regional country if Iranian island occupied
CAIRO, March 25 (Reuters) - Iran's parliament speaker, Mohammad Baqer Qalibaf, said on Wednesday that intelligence suggests "enemies" are planning to occupy an Iranian island with support from a regional country which he did not name."Iranian forces are monitoring enemy movements and...Reuters
30 minutes ago
US tracking very closely how to get oil tankers through Strait of Hormuz, White House says
WASHINGTON, March 25 (Reuters) - White House press secretary Karoline Leavitt on Wednesday said the United States is tracking "very closely" how to get oil tankers through the Strait of Hormuz.Reuters
32 minutes ago
Oil prices slide 3% as Iran reviews US proposal to end war
Iran's initial response to US proposal is negativeOil shipments via Strait of Hormuz largely halted, causing major supply disruptionUkraine attacks halt 40% of Russia's oil export capacityBy Scott DiSavino NEW YORK, March 25 (Reuters) - Oil prices were down about 3% on Wednesday after...Reuters
34 minutes ago
US suspends anti-smog fuel rules in bid to ease pump prices
By Jarrett RenshawHOUSTON, March 25 (Reuters) - President Donald Trump's administration announced on Wednesday it will temporarily suspend federal anti-smog regulations on seasonal gasoline blends to combat higher pump prices since the start of the war on Iran.The move by the Environmental Prote...Reuters
42 minutes ago
Trump to hit Iran harder if Tehran does not accept defeat, White House says
WASHINGTON, March 25 (Reuters) - President Donald Trump is ready to hit Iran "harder than they have ever been hit before" if Tehran fails to understand that they have been defeated militarily, White House press secretary Karoline Leavitt told reporters on Wednesday.Reuters
44 minutes ago
Canada and Alberta reach agreement to reduce methane emissions, PM's office says
TORONTO, March 25 (Reuters) - Canada's federal government and the government of Alberta have reached an agreement-in-principle aimed at reducing methane emissions in the province's oil and gas sector, Canadian Prime Minister Mark Carney's office said in a statement on Wednesday.The agree...Reuters
45 minutes ago
PRECIOUS-Gold up nearly 2% as uncertainty over Middle East war persists
Iran still reviewing US proposalSpot gold hit four-month low on Monday Palladium down 1% By Ashitha Shivaprasad March 25 (Reuters) - Gold rose nearly 2% on Wednesday, buoyed by a drop in oil prices that eased inflation worries and tempered expectations of interest rate hikes, even as uncertainty ...Reuters
50 minutes ago
Oil executives say price swings make it hard to 'drill, baby, drill,' Dallas Fed survey shows
Volatility and Iran war delay investments, Dallas Fed reportsSmaller E&P firms plan to increase drilling wells, larger firms cautiousU.S. shale firms expect WTI crude to average $74 a barrel by year-end 2026By Siddharth Cavale NEW YORK, March 25 (Reuters) - Activity in the U.S. oil and gas se...Reuters
50 minutes ago
GRAINS-Soybeans higher on bargain buying despite crude oil slide
Soy strengthens on bargain buyingCorn higher amid expectations farmers will plant fewer corn acresWheat higher on U.S. Plains droughtBy Heather Schlitz CHICAGO, March 25 (Reuters) - Chicago soybeans ticked higher on bargain buying on Wednesday, with corn and wheat also gaining strength on bullish...Reuters
52 minutes ago
Venezuela oil production has reached 1.1 mln bpd in March
March 25 (Reuters) - Venezuela's oil production, including condensate and gas liquids, has reached 1.1 mln barrels per day in March, a government presentation citing figures from state oil company PDVSA showed on Wednesday. The figure was an increase from January, when production was 942,000 bpd...Reuters
an hour ago
REFILE-METALS-Copper gains on firmer demand and talk of Iran ceasefire
By Eric Onstad LONDON, March 25 (Reuters) - Copper prices rose on Wednesday after reports that the U.S. was seeking a ceasefire in the Iran war and due to firmer Chinese demand, but the market was wary after Tehran delivered an initial negative response to a U.S. proposal.Benchmark three-month co...Reuters
an hour ago
REFILE-Canada, Alberta reach agreement to reduce methane emissions, PM's office says
TORONTO, March 25 (Reuters) - Canada's federal government and the government of Alberta have reached an agreement-in-principle aimed at reducing methane emissions by 75% below 2014 levels by 2035 in the oil-producing province, the Canadian prime minister's office said in a statement on Wedne...Reuters
an hour ago
Venezuela oil production has reached 1.1 mln bpd in March
March 25 (Reuters) - Venezuela's oil production, including condensate and gas liquids, has reached 1.1 mln barrels per day in March, a government presentation citing figures from state oil company PDVSA showed on Wednesday. The figure was an increase from January, when production was 942,000 bpd...Reuters
an hour ago
CERAWEEK-No way EU would increase Russian gas imports, EU ambassador to US says
HOUSTON, March 25 (Reuters) - The European Union's ambassador to the U.S. Jovita Neliupšienė said on Wednesday there was "no way" the EU would increase Russian gas imports. "I'm not sure if people on this side of the Atlantic understand the meaning of the war against Ukraine,"...Reuters
an hour ago
ADNOC CEO tells US vice president that free passage through Strait of Hormuz only solution to stabilising markets
March 25 (Reuters) - Abu Dhabi state oil company ADNOC's Group CEO Sultan Al Jaber told U.S. Vice President JD Vance on Wednesday that free passage through the Strait of Hormuz was the only durable solution to stabilising global markets.The U.S.-Israeli war against Iran has all but halted shipme...Reuters
2 hours ago
SOFTS-Raw sugar tumbles from five-month high as oil prices fall
LONDON, March 25 (Reuters) - Raw sugar futures on ICE tumbled from the previous session's five-month high on Wednesday as reports that the U.S. is seeking a ceasefire with Iran weighed on oil prices. SUGARRaw sugar SBc1 lost 1.9% to 15.58 cents per lb by 1558 GMT, having set a fi...Reuters
2 hours ago
