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JBS posts flat Q4 profit on record sales but lower US beef margins
Net profit misses estimates; revenue beats themJBS' main US beef unit faces lower cattle supply US beef margin fell less than expected, analysts sayBy Roberto Samora and Andre Romani SAO PAULO, March 25 (Reuters) - Brazil's JBS JBS.N, the world's largest meatpacker, reported a near-fl...Reuters
6 minutes ago
RPT-Myanmar's rice farmers scrounge for diesel as Iran conflict dries up supply
Myanmar grapples with rising oil pricesFarmers turn to black market as diesel gets scarceLong queues for rationed fuel, airlines suspend routesFarm output costs could double if instability persists, WFP says March 25 (Reuters) - Win Zaw is among five of a Myanmar family who fan out on motorcycles...Reuters
19 minutes ago
Worker sues Valero over Texas refinery explosion
By Erwin Seba HOUSTON, March 25 (Reuters) - A man who said he was injured in an explosion at Valero Energy's VLO.N Port Arthur, Texas refinery on Monday night filed a lawsuit on Wednesday in a state district court alleging the company failed to properly maintain the refinery.The lawsuit filed...Reuters
25 minutes ago
CIF/FOB Gulf Grain-Soybean barge bids strengthen
CHICAGO, March 25 (Reuters) - Spot basis bids of soybeans shipped by barge to U.S. Gulf Coast terminals rose on Wednesday, bouncing after declines a day ago and defying pressure from cheaper freight costs on Midwest rivers.Empty barges on the Mississippi River at St. Louis for this week were offered...Reuters
51 minutes ago
Us Oil Prices Rise as Investors Assess Middle East De-Escalation
TOKYO, March 26 (Reuters) - U.S. oil prices rose in early trade on Thursday, recovering some of the previous day's losses as investors assessed prospects for de-escalation in the Middle East and Iran reviewed a U.S. proposal to end the war, which has disrupted energy flows from the Gulf.U.S. Wes...Reuters
53 minutes ago
Australia's Lynas agrees potential rare earths deal with South Korea's LS Eco Energy
SEOUL, March 26 (Reuters) - Australia's Lynas Rare Earths LYC.AX and South Korea's LS Eco Energy 229640.KS said on Thursday they plan to work together to process rare earths, to help meet demand from customers scrambling to secure non-Chinese sources of the key metals.Under a preliminary agr...Reuters
an hour ago
Valero begins restart of Port Arthur, Texas refinery, sources say
By Erwin SebaHOUSTON, March 25 (Reuters) - Valero Energy Corp VLO.N began restarting its 380,000 barrel-per-day Port Arthur, Texas refinery on Wednesday, two days after an explosion rocked the plant, said people familiar with plant operations.The refinery's 47,000-bpd unit 243 diesel hydrotreate...Reuters
an hour ago
CERAWEEK-Nigeria sees more interest from LNG buyers for cargoes, NNPC says
NNPC sees increased LNG demand due to Middle East conflictNigeria LNG can export up to 22 million metric tons annuallyNNPC plans new LNG trains, 12 mtpa project to tap reservesBy Curtis WilliamsHOUSTON, March 25 (Reuters) - Nigeria is seeing stronger demand for its liquefied natural gas cargoes as e...Reuters
2 hours ago
Lynas Rare Earths To Develop Metal Making Partnership With LS Eco Energy
March 26 (Reuters) - Lynas Rare Earths Ltd LYC.AX:LYNAS TO DEVELOP METAL MAKING PARTNERSHIP WITH LS ECO ENERGYAND LS ECO ENERGY PLAN LONG-TERM METAL PROCESSING ARRANGEMENT IN VIETNAMENTERS FRAMEWORK AGREEMENT WITH LS ECO ENERGY FOR RARE EARTH METALS PARTNERSHIPNEW FACILITY TO ENABLE LYNAS TO SUPPLY ...Reuters
2 hours ago
CERAWEEK-Chaos at Houston airport has attendees scrambling as big energy confab winds down
Travelers wait for hours at George Bush Intercontinental AirportSome CERAWeek attendees driving to airports farther awayOthers switch to flights from Houston's William P. Hobby Airport By Amanda Stephenson, Liz Hampton and Nathan CrooksHOUSTON, March 25 (Reuters) - While the most pressing quest...Reuters
3 hours ago
Australia's Woodside Energy assumes control of Beaumont ammonia facility in Texas
March 26 (Reuters) - Australian oil and gas producer Woodside Energy WDS.AX said on Thursday it assumed operational control of the Beaumont New Ammonia facility in Texas following the completion of performance testing and handover from OCI Global.The facility has capacity to produce and export up to...Reuters
3 hours ago
Valero begins restart of Port Arthur, Texas refinery, sources say
HOUSTON, March 25 (Reuters) - Valero Energy Corp VLO.N began restarting its 380,000 barrel-per-day Port Arthur, Texas refinery on Wednesday, two days after an explosion rocked the plant, said people familiar with plant operations.The refinery's 47,000-bpd unit 243 diesel hydrotreater which explo...Reuters
3 hours ago
US Plains HRW Wheat-Basis mostly steady
CHICAGO, March 25 (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 Wednesday. Dry weather in the Southern Plains continues to stress the winter wheat crop. Limited rains are forecast for the region in the coming...Reuters
3 hours ago
Australia's Woodside Energy assumes control of Beaumont ammonia facility in Texas
March 26 (Reuters) - Australian oil and gas producer Woodside Energy WDS.AX said on Thursday it assumed operational control of the Beaumont New Ammonia facility in Texas following the completion of performance testing and handover from OCI Global.The facility has capacity to produce and export up to...Reuters
3 hours ago
Mexico to announce support measures for trucking industry
MEXICO CITY, March 25 (Reuters) - Mexico's government will roll out measures to support the trucking industry during the morning presidential press conference on Thursday, the economy ministry said on Wednesday.The ministry did not give further detail on the measures. Around 80% of trade, by val...Reuters
3 hours ago
JBS posts stable profit in Q4 despite record revenue
SAO PAULO, March 25 (Reuters) - Brazil's JBS JBS.N, the world's largest meat company, on Wednesday reported a nearly flat fourth-quarter net profit as record revenue failed to offset tighter margins, especially in its U.S. beef business.The Brazilian company posted a net profit of $415 milli...Reuters
4 hours ago
Enerpac Tool Q2 sales beat estimates, driven by strong performance in IT&S segment
OverviewU.S. industrial tools maker's fiscal Q2 sales rose 6%, beating analyst expectationsAdjusted EPS for fiscal Q2 met analyst expectationsEnerpac Tool Group Corp repurchased $51 mln in shares during the quarterOutlookEnerpac Tool sees full-year net sales of $635 mln to $650 mlnCompany expect...Reuters
4 hours ago
CERAWEEK-Nigeria has seen a spike in interest from buyers for its LNG cargoes, NNPC says
HOUSTON, March 25 (Reuters) - Nigeria has seen a spike in interest from buyers for its LNG cargoes as the conflict in the Middle East has created opportunities for the African country because of its location and size of reserves, Nigerian National Petroleum Company EVP Olalekan Ogunleye said Wednesd...Reuters
4 hours ago
US Postal Service seeks temporary 8% price hike to address fuel costs
By David Shepardson WASHINGTON, March 25 (Reuters) - The U.S. Postal Service said on Wednesday it is seeking approval for a temporary 8% price hike for priority mail and package deliveries, effective April 26, to deal with rising transportation fuel costs.The USPS, which needs approval from the ...Reuters
4 hours ago
