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White House rejects Elon Musk offer to cover TSA worker pay, CBS News reports
March 25 (Reuters) - The White House has rejected an offer from billionaire entrepreneur Elon Musk to cover the paychecks of U.S. Transportation Security Administration officers during a partial government shutdown, CBS News reported on Wednesday.Reuters
22 minutes ago
CERAWEEK-India's Cairn reduces output 10% due to shipping complications from Middle East crisis
HOUSTON, March 25 (Reuters) - Cairn Oil & Gas, India's largest private oil and gas producer, has reduced output by 10% from 110,000 barrels per day due mainly to shipping logistic complications caused by the Middle East crisis, said Cairn founder Anil Agarwal on Wednesday.Agarwal said the co...Reuters
38 minutes ago
Residents and wildlife along Mexico's coast bear the brunt of Pemex oil spill
By Luis Manuel LopezPARAISO, March 25 (Reuters) - Shortly before dawn on March 17, Guillermo Risso saw a distant flash of light illuminating the night sky and thought that the Olmeca refinery, owned by Mexico's state oil company Pemex, must be on fire. "It was an explosion, the entire refine...Reuters
40 minutes ago
Oil prices drop 2% as Iran considers US proposal to end war
Iran reviews US proposal, oil shipments via Strait of Hormuz largely haltedUkraine attacks halt 40% of Russia's oil export capacityUS oil inventories rise by 6.9 million barrels, exceeding forecastsBy Scott DiSavino NEW YORK, March 25 (Reuters) - Oil prices slid about 2% on Wednesday afte...Reuters
46 minutes ago
CERAWEEK-Freeport CEO says Iran war energy disruptions could delay new US LNG projects
Conflict impacts LNG project timelines and costs, says Freeport LNG CEO SmithEuropean buyers advised to reduce spot market activity to ease Asian price pressureDemand destruction in Southeast Asia likely as LNG prices riseCargoes near Strait of Hormuz lose value due to evaporationBy Curtis Williams ...Reuters
51 minutes ago
CERAWEEK-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
an hour ago
CBOT wheat gains on drought concerns
CHICAGO, March 25 (Reuters) - Chicago Board of Trade wheat futures moved higher on Wednesday on concern over drought and in the U.S. Plains, though ample global supply has provided a ceiling for prices. Hybrid wheat is becoming more widely available and genetically modified varieties could launch in...Reuters
an hour ago
CERAWEEK-Canada's Trans Mountain running nearly full on global oil disruptions, CEO says
Pipeline running at near maximum capacity due to global disruptionsIncreased demand from Asia, especially China, boosts utilizationOptimization projects to add 300,000 bpd capacity by 2028By Amanda Stephenson HOUSTON, March 25 (Reuters) - Canada's Trans Mountain oil pipeline will be nearly en...Reuters
an hour ago
US natgas futures steady as higher demand forecasts offset lower global prices
US natgas futures steady despite global price declineMild weather reduces US heating demandUS LNG exports maxed out, limiting price impact from Iran warBy Scott DiSavino NEW YORK, March 25 (Reuters) - U.S. natural gas futures held steady on Wednesday as forecasts for more demand over the next two...Reuters
an hour ago
Gold rallies on hopes for US-Iran talks and falling US Treasury yields
Gold price (XAU/USD) gains nearly 2% on Wednesday as Oil futures prices tumbled amid growing speculation that the US and Iran would begin talks to end the conflict that started nearly four weeks ago. At the time of writing, XAU/USD trades at $4,556.
Fxstreet
an hour 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 Wednesday, buoyed by bargain buying, while corn and wheat strengthened on bullish...Reuters
an hour ago
CBOT soybeans gain on bargain-buying
CHICAGO, March 25 (Reuters) - Chicago Board of Trade soybean futures ticked higher on bargain-buying on Wednesday.Soybeans have taken a nosedive from highs hit at the outset of the Middle East war, making them an attractive prospect for bargain-buying.Oil prices dropped more than 5% following U.S. p...Reuters
an hour ago
CBOT corn higher on expectations of fewer acres
March 25 (Reuters) - Chicago Board of Trade corn futures turned higher on Wednesday on expectations that farmers will trim plantings of input-intensive corn as the Strait of Hormuz closure threatened the fertilizer supply chain.Grain markets are assessing potential repercussions for crop production ...Reuters
an hour ago
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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours ago
