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Automakers unveil new EVs for US market despite sales downturn
Automakers face tough demand environmentHigher fuel prices are sparking new interest in EVsEV sales remain strong in California By David Shepardson and Kalea HallNEW YORK, April 1 (Reuters) - Major automakers unveiled new electric vehicles at the New York Auto Show on Wednesday, despite lagging cons...Reuters
15 minutes ago
US Cash Grains-Soy, corn basis bids strengthen as farmer sales slow
CHICAGO, April 1 (Reuters) - Spot basis bids for soybeans and corn jumped on Wednesday at processing facilities, grain elevators and river terminals in the U.S. Midwest as farmer selling slowed, dealers said.The soybean basis rose by 10 cents per bushel at processors in Lafayette, Indiana; Council B...Reuters
28 minutes ago
Canada's Kinross starts permit process for $1.5 billion Chile mine
SANTIAGO, April 1 (Reuters) - Canadian miner Kinross Gold Corp. has begun the process of obtaining the environmental permit to develop its Lobo Marte gold project in northern Chile, which is expected to involve an investment of $1.5 billion, the government said on Wednesday.Reuters
33 minutes ago
Petrobras allows distributors to pay for 55% jet fuel hike in installments
RIO DE JANEIRO/SAO PAULO, April 1 (Reuters) - Brazilian state-run oil firm Petrobras PETR3.SA will allow distributors to pay for a hefty increase in jet fuel prices announced for April in installments, it said on Wednesday, adding that a similar measure could also be adopted in May and June. Petrobr...Reuters
35 minutes ago
PRECIOUS-Gold extends gains on softer dollar, focus on Iran war
Trump says Iran has asked for ceasefireUS dollar falls for second straight day US private payrolls increase steadily in March, ADP saysBy Ashitha Shivaprasad April 1 (Reuters) - Gold rose for a fourth straight session on Wednesday as the U.S. dollar slipped and other risk assets rallied on tentat...Reuters
43 minutes ago
Europe Gasoline/Naphtha-Gasoline refining margins rise, U.S. stocks fall
LONDON, April 1 (Reuters) - Northwest European gasoline refinery profit margins rebounded on Wednesday to $18.19 a barrel, as crack spreads moved to the new June Brent contract, while U.S. gasoline inventories fell last week, according to the Energy Information Administration. A total of 24,000 metr...Reuters
47 minutes ago
Oil slides as Middle East uncertainty keeps markets on edge
US could be out of Iran 'pretty quickly', Trump saysUncertainty over how supply chains can be revived OPEC oil output falls in March, Reuters survey findsBy Shariq Khan NEW YORK, April 1 (Reuters) - Oil prices fell on Wednesday after U.S. President Donald Trump said the country will end i...Reuters
50 minutes ago
OPEC oil output plunges in March as war forces export cuts, Reuters survey finds
OPEC March output plunges 7.3 million bpdEight OPEC+ producers had pledged to keep output steady before Iran war forced export cutsBiggest drop is in IraqBy Alex Lawler LONDON, March 31 (Reuters) - OPEC oil output plunged in March to its lowest level since the height of the COVID-19 pandemic in ...Reuters
59 minutes ago
GRAINS-Chicago grain, soybean futures slide as Trump signals Iran conflict may ease
CBOT wheat, corn, soybeans fall as investors react to Middle East conflict developmentsCrude oil fall counters support from U.S. planting data, Plains droughtTrump comments raise expectations of war de-escalationBy P.J. Huffstutter CHICAGO, April 1 (Reuters) - Chicago Board of Trade corn, whe...Reuters
an hour ago
POLL-US natural gas stockpiles likely rose by 34 billion cubic feet last week
April 1 (Reuters) - U.S. energy firms likely added 34 billion cubic feet of natural gas into storage last week, according to the average estimate in a Reuters poll released on Wednesday. The estimate compares with an injection of 30 bcf during the same week a year ago and an average decline of four ...Reuters
an hour ago
CORRECTED-Perpetua Resources seeks $2.7 billion EXIM loan for Idaho gold-antimony project (March 31)
March 31 (Reuters) - Antimony and gold miner Perpetua Resources PPTA.TO, PPTA.O said on Tuesday that the U.S. Export-Import Bank board has unanimously agreed to notify Congress of a proposed $2.7 billion loan to help finance the Stibnite Gold Project in Idaho. The proposed financing includes a ...Reuters
2 hours ago
EUROPE GAS-European gas prices fall as Trump says US may exit Iran war soon
LONDON, April 1 (Reuters) - Benchmark Dutch and British wholesale gas prices fell on Wednesday afternoon after U.S. President Donald Trump said the United States will end its war on Iran fairly soon but could return for "spot hits" if needed.The benchmark Dutch front-month contract at the TT...Reuters
2 hours ago
METALS-Copper touches two-week high on hopes Iran war will end soon
By Eric Onstad LONDON, April 1 (Reuters) - Copper prices extended gains on Wednesday to reach a two-week high on hopes that the Iran war is nearing a close, even though prices are still far short of their levels from before the U.S. and Israeli attacked Iran in late February. Benchmark three-...Reuters
2 hours ago
Rosatom to evacuate more than 200 staff from Bushehr nuclear plant this week
MOSCOW, April 1 (Reuters) - Russia's state nuclear corporation Rosatom plans to evacuate more than 200 of its staff from Iran's Bushehr nuclear power plant this week, Rosatom chief Alexei Likhachev said on Rossiya-24 state television. Likhachev said up to 50 Rosatom personnel would remain at...Reuters
2 hours ago
EXCLUSIVE-Venezuela's Rodriguez readies Citgo board takeover, sources say
Clearance, license from OFAC needed to make any board changesRodriguez could also move to change law firms representing VenezuelaSale of Citgo's parent to an Elliott affiliate pending OFAC approvalBy Marianna Parraga and Deisy Buitrago HOUSTON/CARACAS, April 1 (Reuters) - Venezuelan interim P...Reuters
2 hours ago
EU wheat lower as oil and euro weigh amid Iran ceasefire optimism
PARIS, April 1 (Reuters) - Euronext wheat slid around 2% on Wednesday, pressured by falling oil prices and a stronger euro as investors were buoyed by growing prospects for an end to the month-old Middle East war.May milling wheat BL2K6, the most active position on Paris-based Euronext, was down 1.8...Reuters
2 hours ago
BREAKINGVIEWS-US will keep dancing to global energy tune
By Gabriel Rubin WASHINGTON, April 1 (Reuters Breakingviews) - American energy independence is the future, insofar as it does not exist today. In March, as Iranian attacks struck energy infrastructure throughout the Persian Gulf, President Donald Trump crowed that “we make a lot of money” when oi...Reuters
2 hours ago
Egypt's strategic goods reserves sufficient for six months, prime minister says
CAIRO, April 1 (Reuters) - Egypt's reserves of strategic goods are enough to last for six months, with the government working to add two more months' worth, Prime Minister Mostafa Madbouly said on Wednesday at a press conference.Egypt will also raise the local wheat procurement price to 2,50...Reuters
2 hours ago
