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CERAWEEK-Stressed US grid forcing data centers to get more flexible
Data centers urged to reduce power use during peak demandUS electricity use from data centers could quadruple by decade's end, study saysBig Tech is beginning to test how it can shrink data center power demand when grid demand peaksBy Laila KearneyNEW YORK, March 26 (Reuters) - The U.S. technolo...Reuters
38 minutes ago
CERAWEEK-Iran war seen boosting renewable energy investment with focus on security, not climate
Energy security concerns could accelerate renewable development, executives sayIran war disrupts oil supply, raises energy prices, highlights vulnerabilityEU increases clean energy investments to reduce dependency on volatile marketsBy Georgina McCartney, Stephanie Kelly and Arathy Somasekhar HOU...Reuters
41 minutes ago
Europe Gasoline/Naphtha-Gasoline refining margins fall
LONDON, March 26 (Reuters) - Northwest European gasoline refinery profit margins fell on Thursday by $2.24 to $9.92 despite a fall in stockpiles in a thin trading session.No barges of either the winter grade Eurobob E10 or the winter E5 gasoline grade traded on Thursday. Total gasoline stocks held i...Reuters
42 minutes ago
EXCLUSIVE-CERAWEEK-Constellation exec says grid operator told company Three Mile Island can't connect until 2031
By Laila KearneyNEW YORK, March 26 (Reuters) - U.S. grid operator PJM has told Constellation Energy CEG.O that the former Three Mile Island nuclear power plant in Pennsylvania likely will not be able to connect to the grid until 2031, four years later than planned, the company said at the CERAWeek e...Reuters
47 minutes ago
Oil settles up nearly 6% as investors fear further Middle East escalation
Iran says it is reviewing US proposal, has no interest in talksUkrainian attacks, tanker seizures halt 40% of Russia oil export capacityHouthi movement says it stands ready to strike Red Sea waterwayBy Siddharth Cavale NEW YORK, March 26 (Reuters) - Crude futures closed higher on Thursday, reboun...Reuters
49 minutes ago
CERAWEEK-Big Oil to reap billions from Iran war windfall after a month of soaring energy prices
Oil prices surge due to Iran conflict, boosting profitsAnalysts revise Chevron, Shell earnings estimates upwardsMiddle East disruptions may hurt oilfield-service companiesBy Sheila Dang, Stephanie Kelly and Amanda Stephenson HOUSTON, March 26 (Reuters) - As Big Oil executives gathered this week a...Reuters
an hour ago
EXCLUSIVE-Occidental's Hollub, US oil's most powerful woman, prepares to hand over reins, sources say
Vicki Hollub readying to step down as Oxy CEO, sources sayRichard Jackson likely to succeed Hollub, sources sayHollub's leadership broke gender barriers in male-dominated oil industryHollub's leadership of Oxy defined by 2019 Anadarko acquisitionBy David French and Shariq Khan HOUSTON/NEW...Reuters
an hour ago
GRAINS-Chicago grains subdued as war uncertainty weighs
Traders await US biofuel targets and USDA acreage estimatesSoybean market eyes Chinese demand ahead of Trump's Beijing visitBy Heather Schlitz CHICAGO, March 26 (Reuters) - Chicago corn, soy and wheat futures seesawed on Thursday as traders monitored developments in the Middle East amid mixed...Reuters
an hour ago
EU wheat holds firm as war hangs over market
PARIS, March 26 (Reuters) - Euronext wheat edged higher for a third session on Thursday as uncertainty over the course of the U.S.-Israeli war with Iran pushed up oil prices and weakened the euro against the dollar.May milling wheat BL2K6, Euronext's most-active position, settled 0.6% up at 205....Reuters
an hour ago
CBOT corn ticks lower amid war uncertainty
March 26 (Reuters) - Chicago Board of Trade corn futures ended slightly lower amid mixed signals from the U.S. and Iran, while market players awaited U.S. planting data that will be released next Tuesday.Grains and oilseed prices have broadly tracked fluctuations in crude oil during the U.S.-Israeli...Reuters
an hour ago
CBOT soybeans higher amid uncertainty over war, Chinese demand
CHICAGO, March 26 (Reuters) - Chicago Board of Trade soybean futures turned slightly higher on Thursday as market players awaited a potential biofuels announcement and monitored the Iran war and signs of Chinese demand for U.S. soybeans.The soybean market is assessing prospects for further Chinese d...Reuters
an hour ago
Pernod Ricard has held merger talks with Jack Daniel's maker, source says
By Emma Rumney March 26 (Reuters) - France's Pernod Ricard PERP.PA and Jack Daniel's owner Brown‑Forman BFb.N have held talks about a possible merger, a source familiar with the matter told Reuters, a move that would unite the world's second-largest spirits maker with the largest play...Reuters
an hour ago
CBOT wheat higher on drought concerns
CHICAGO, March 26 (Reuters) - Chicago Board of Trade wheat futures turned higher on Thursday on drought concerns in the U.S. Plains, with forecasts now showing limited chances of rain before early April and hot weather expected this week, which is likely to exacerbate dryness.Market players are also...Reuters
an hour ago
With Hormuz still shut, options market signals rising risk of $150 oil
Options market shows bets on $150 oil by end-April risingOpen interest in $150 calls nearly 10 times larger than last monthOil is trapped in Gulf following U.S.-Israel conflict with IranBrent crude set all-time high of $147 in 2008By Amanda Cooper and Robert Harvey LONDON, March 26 (Reuters) - Tr...Reuters
an hour ago
WTO chief calls for trade overhaul to meet new world order
Says multilateral system 'we used to know' is gone Focus on decision-making, transparency over subsidiesEnvoys fear states will start setting their own rulesBy Olivia Le Poidevin YAOUNDE, March 26 (Reuters) - The World Trade Organization chief called on countries on Thursday to overhaul g...Reuters
an hour ago
Mexican navy says vessel, natural seabed oil leaks caused Gulf coast spill
MEXICO CITY, March 26 (Reuters) - Mexican Secretary of Navy Raymundo Morales said on Thursday that a vessel and natural oil emanations from the seabed caused the spill along the Gulf of Mexico coast.Mexico's state-oil company Pemex is also conducting underwater checks to rule out structural fail...Reuters
an hour ago
EXCLUSIVE-Occidental's Hollub, US oil's most powerful woman, prepares to hand over reins, sources say
Vicki Hollub readying to step down as Oxy CEO, sources sayRichard Jackson likely to succeed Hollub, sources sayHollub's leadership broke gender barriers in male-dominated oil industryHollub's leadership of Oxy defined by 2019 Anadarko acquisitionBy David French and Shariq Khan HOUSTON/NEW...Reuters
2 hours ago
Gold tanks as US Dollar surges in tandem with Oil prices
Gold (XAU/USD) price plummets nearly 2.50% on Thursday as Oil prices rise amid uncertainty about a possible agreement between the US and Iran, adding upward pressure on inflation and pushing the Greenback higher. At the time of writing, XAU/USD trades at $4,394 after reaching a daily high of $4,544.
Fxstreet
2 hours ago
G7 to discuss repair works for Chornobyl nuclear plant, France says
VAUX-DE-CERNAY, France, March 26 (Reuters) - The foreign ministers of the G7 group of nations will discuss repair works worth about 500 million euros ($576.30 million) for the protective shield of Ukraine's Chornobyl nuclear plant, France's foreign minister Jean-Noel Barrot said on Thursday...Reuters
2 hours ago
