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FACTBOX-Smartphones and soybeans: top products caught up in US-China trade war
WASHINGTON, April 10 (Reuters) - An escalating trade war between the United States and China is leading to steep tariffs that could affect a wide range of products.Following is a list of the top products that the world's two largest economies import from each other, according to the World Trade ...Reuters
Thu, Apr 10
Four Republican US senators back Biden-era energy tax credits
April 10 (Reuters) - Four Republican senators are asking Congressional leadership to preserve energy tax credits included in the Biden-era Inflation Reduction Act in the impending budget reconciliation bill, according to a letter circulated on Thursday.In the April 9 letter to Senate Majority Leader...Reuters
Thu, Apr 10
Gulf South Pipeline Terminates Force Majeure At Location 24329 – Stratton Ridge In Area 25
April 10 (Reuters) - Gulf South Pipeline Company, LLC LTRGP.UL:SAYS TERMINATES FORCE MAJEURE AT LOCATION 24329 – STRATTON RIDGE (TO FREEPORT LNG) IN AREA 25, WHICH WAS IMPLEMENTED FOLLOWING A LIGHTNING STRIKE THAT DISRUPTED GAS DELIVERY IN MARCHRELATED: nFWN3Q71CVReuters
Thu, Apr 10
US natgas output and demand to hit record highs in 2025, EIA says
By Scott DiSavinoApril 10 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Thursday.EIA projected dry gas production will rise from 103.2 billion cubic feet per day ...Reuters
Thu, Apr 10
Brazil's Conab raises 2024/25 soybean output estimate
SAO PAULO, April 10 (Reuters) - Brazil's national crop agency Conab on Thursday raised its forecast for 2024/25 soybean output in the world's largest producer and exporter to 167.87 million metric tones from 167.37 million tons.Record oilseed productivity was registered in states such as Sao...Reuters
Thu, Apr 10
US will no longer require green analysis on thousands of oil, gas leases
By Timothy GardnerWASHINGTON, April 10 (Reuters) - The U.S. said on Thursday that it will no longer require an environmental impact statement for thousands of oil and gas leases across the U.S. West, in a move aligning with President Donald Trump's efforts to lift hurdles on drilling. The Interi...Reuters
Thu, Apr 10
Trump says he would love to make a trade deal with China
WASHINGTON, April 10 (Reuters) - U.S. President Donald Trump said on Thursday that he would love to get a deal with China to end an escalating trade war.Trump made the comments during a Cabinet meeting opened to press. U.S. Treasury Secretary Scott Bessent said during the meeting that as they settle...Reuters
Thu, Apr 10
CORRECTED-Modelo owner Constellation says Trump immigration crackdown hitting Hispanic customers
By Savyata Mishra April 10 (Reuters) - Modelo Especial owner Constellation Brands' STZ.N beer sales are taking a hit as demand from Hispanic populations in key U.S. states slows down amid Trump's crackdown on immigration, company executives said on Thursday.President Trump has kicked off...Reuters
Thu, Apr 10
GRAINS-Chicago soybeans continue to climb on USDA numbers, tariff delays
By Renee Hickman CHICAGO, April 10 (Reuters) - Chicago soybean futures extended gains on Thursday as the U.S. Department of Agriculture released its monthly supply and demand numbers, and delays to some U.S. and European Union tariffs eased concerns about U.S. crop exports.Corn also firmed while ...Reuters
Thu, Apr 10
ANALYSIS-New LNG plant to boost Venture Global profits as Calcasieu serves long-term customers
Long-term customers to get good deals on LNG from Calcasieu PassVenture to charge higher spot prices for LNG from Plaquemines Calcasieu customers to continue arbitration casesBy Curtis Williams HOUSTON, April 10 (Reuters) - Venture Global Inc VG.N is about to start selling liquefied natural gas...Reuters
Thu, Apr 10
Europe Gasoline/Naphtha-Gasoline margins rebound as ARA stocks fall
LONDON, April 10 (Reuters) - Northwest European gasoline refining profit margins rose by more than $4 a barrel on Thursday to $12.12 as gasoline inventories in northwest Europe fell.A total of 8,000 metric tons of Eurobob E5 traded, with BP and Trafigura selling to Litasco, Musket and Trafigura.Anot...Reuters
Thu, Apr 10
METALS-Copper rebounds on Trump tariff pause, but disquiet over China
By Eric Onstad LONDON, April 10 (Reuters) - Copper and other base metals prices rebounded sharply on Thursday along with other risk assets after most U.S. tariffs were paused for 90 days.Some investors were wary about the rally, however, since U.S. President Donald Trump doubled down in the trade...Reuters
Thu, Apr 10
Brazil briefs China on banned soy cargoes, official says
By Ana ManoSANTOS, April 10 (Reuters) - The Brazilian Agriculture Ministry sent documentation last Monday relative to soybean cargoes halted by China over plant health issues in January, an official said on Thursday.Hugo Caruso, vegetable products inspections director at the ministry, told Reuters o...Reuters
Thu, Apr 10
US Cash Grains-Corn, soy basis rise as farmer selling halts
CHICAGO, April 10 (Reuters) - Spot basis bids for corn and soybeans were steady to higher in the U.S. Midwest on Thursday as nearly nonexistent farmer selling led buyers to raise basis bids, dealers said.* The corn basis rose at an Iowa processor and an Iowa river terminal.* The soy basis rose at an...Reuters
Thu, Apr 10
Restarting coal plants after Trump's executive orders makes no economic sense, report says
April 10 (Reuters) - U.S. President Donald Trump is advocating for increased coal production in the United States, however, reviving decommissioned coal plants to meet this goal makes "no economic sense", the Institute for Energy Economics and Financial Analysis (IEEFA) said on Thursday.Trum...Reuters
Thu, Apr 10
XAU/USD Forecast: Gold reaches records amid escalating US-China trade war
The bright metal soared on Thursday, hitting a fresh all-time high of $3,175.00 a troy ounce during American trading hours. The US Dollar (USD) plummeted on headlines indicating the trade war unleashed by US President Donald Trump is far from over.
Fxstreet
Thu, Apr 10
EU wheat falls as stronger euro hurts competitiveness
PARIS, April 10 (Reuters) - European wheat futures fell 1.5% on Thursday, as a rally in the euro hampered its competitiveness on world markets and pressured by weakness in Chicago.Benchmark May milling wheat BL2K5 on Paris-based Euronext, settled 1.5% lower at 216.50 euros ($242.00) a metric ton.U.S...Reuters
Thu, Apr 10
US EIA warns of lower oil demand from tariffs and trade uncertainty
NEW YORK, April 10 (Reuters) - Recent developments in global trade policy and oil production are set to lower global oil and fuel demand growth through 2026, the U.S. Energy Information Administration said on Thursday in its monthly short-term energy outlook report.The U.S. Department of Energy'...Reuters
Thu, Apr 10
Trump administration urges states to limit what can be bought with food stamps
By Leah Douglas April 10 (Reuters) - The Trump administration is calling on states to request waivers that would bar food stamp recipients from buying soda and other processed foods with their benefits, according to a Thursday op-ed by U.S. health and agriculture secretaries, Robert F. Kennedy Jr...Reuters
Thu, Apr 10
Relief for Spain's feed makers as EU delays tariff on US corn
MADRID, April 10 (Reuters) - A delay to EU tariffs against U.S. goods has brought respite for Spain's livestock feed sector that has heavily bought U.S. corn this season, including several cargoes currently at sea, the country's feed makers association said.The European Union said earlier on...Reuters
Thu, Apr 10
US natgas output and demand to hit record highs in 2025, EIA says
April 10 (Reuters) - U.S. natural gas output and demand will both rise to record highs in 2025, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Thursday.EIA projected dry gas production will rise from 103.2 billion cubic feet per day (bcfd) in 2024 to...Reuters
Thu, Apr 10
Southbow Says The Damaged Section For Keystone Pipeline Remains Isolated, And 700 Barrels Of Oil Has Been Recovered To Date
April 10 (Reuters) - SOUTHBOW - THE DAMAGED SECTION FOR KEYSTONE PIPELINE REMAINS ISOLATED, AND 700 BARRELS OF OIL HAS BEEN RECOVERED TO DATESOUTHBOW- WE HAVE NOT ESTABLISHED A TIMELINE FOR RESTART AND WILL ONLY RESUME SERVICE WITH REGULATOR APPROVALSSOUTHBOW - OUR TEAMS ARE ACTIVELY INVESTIGATING T...Reuters
Thu, Apr 10