News
Important Only
US Cash Crude-Mars eases after strengthening in previous session
April 9 (Reuters) - Mars Sour eased on Wednesday after doubling in the previous session as a key pipeline shipping Canadian crude to feed U.S. refineries went offline. The Keystone oil pipeline from Canada to the United States remained shut on Wednesday following an oil spill near Fort Ransom, North...Reuters
Wed, Apr 9
Motiva restarting FCC at Port Arthur, Texas refinery, sources say
HOUSTON, April 9 (Reuters) - Motiva Enterprises began restarting the gasoline-producing fluidic catalytic cracker (FCC) at its 626,000 barrel-per-day (bpd) Port Arthur, Texas refinery on Wednesday, said two people familiar with plant operations. The 81,000-bpd FCC was shut on January 21 for a planne...Reuters
Wed, Apr 9
CANADA-CRUDE-Western Canada Select heavy crude discount widens
April 9 (Reuters) - The discount of Western Canada Select (WCS) heavy crude to the North American benchmark West Texas Intermediate futures (WTI) CLc1 widened on Wednesday. WCS for May delivery in Hardisty, Alberta, settled at $10.30 a barrel under WTI, according to brokerage CalRock, after havi...Reuters
Wed, Apr 9
Peru mining chamber sees copper output up 2-4% this year
By Daina Beth Solomon SANTIAGO, April 9 (Reuters) - Peru's copper output is expected to grow between 2% and 4% this year, said the head of The National Society of Mining, Oil and Energy (SNMPE), Julia Torreblanca.That would put Peru's copper production between 2.79 million and 2.85 millio...Reuters
Wed, Apr 9
US Cash Grains-Corn, soy basis bids up as farmer selling halts
CHICAGO, April 9 (Reuters) - Spot basis bids for soybeans and corn ticked higher in the U.S. Midwest on Wednesday as farmer selling ground to a halt amid low futures prices, dealers said. * The soy basis rose at an Indiana crush plant, an Iowa elevator, an Iowa crush plant and an Iowa processor.* Th...Reuters
Wed, Apr 9
Trump order sets new expiration dates on existing energy rules, White House says
April 9 (Reuters) - U.S. President Donald Trump on Wednesday signed an executive order that aims to boost energy production by automatically cutting "outdated regulations", the White House said. "The order requires ten agencies and subagencies to insert a one-year expiration date into ex...Reuters
Wed, Apr 9
Trump executive order establishes funding to revive US shipbuilding
April 9 - President Donald Trump on Wednesday signed an executive order that establishes funding for his plan to revive U.S. shipbuilding.Other directives include increasing the fleet of U.S.-flagged ships and creating a security plan for Arctic trade lanes, according to a fact sheet released by the...Reuters
Wed, Apr 9
Constellation Brands Repositions Wine And Spirits Business To A Portfolio Of Exclusively Higher-Growth, Higher-Margin Brands Aligned To Consumer-Led Premiumization Trends
April 9 (Reuters) - Constellation Brands Inc STZ.N:CONSTELLATION BRANDS REPOSITIONS WINE AND SPIRITS BUSINESS TO A PORTFOLIO OF EXCLUSIVELY HIGHER-GROWTH, HIGHER-MARGIN BRANDS ALIGNED TO CONSUMER-LED PREMIUMIZATION TRENDSCONSTELLATION BRANDS INC - REVIEW EXPECTED TO DELIVER NET ANNUALIZED COST SAVIN...Reuters
Wed, Apr 9
Germany's Aurubis to ramp up new US copper recycling facility
By Pratima DesaiSANTIAGO, April 8 (Reuters) - Aurubis NAFG.DE will be ramping up its copper recycling smelter in the U.S. this year, the German company's CEO Toralf Haag told Reuters on Wednesday, adding Aurubis sees more potential for investment in future years.Aurubus has invested $800 million...Reuters
Wed, Apr 9
CBOT declares force majeure for Ohio River wheat shipping stations
CHICAGO, April 9 (Reuters) - The CME Group, parent of the Chicago Board of Trade, declared force majeure for wheat shipping stations on the Ohio River due to flooding, the exchange said in a statement on Wednesday.High water and/or flooding made grain load-out impossible at delivery points for CBOT ...Reuters
Wed, Apr 9
Peru mining chamber sees 2025 copper production up 2-4%
SANTIAGO, April 9 (Reuters) - Peru's copper output is expected to grow between 2% and 4% this year, said the head of the country's mining chamber, Julia Torreblanca.That would put Peru's copper production between 2.79 million and 2.85 million metric tons, compared to 2.74 million tons la...Reuters
Wed, Apr 9
Occidental Petroleum Corp - Q1 Average Realized Oil Price Worldwide Was $71.07 Per Barrel - SEC Filing
Occidental Petroleum Corp OXY.N:OCCIDENTAL PETROLEUM CORP - Q1 AVERAGE REALIZED OIL PRICE WORLDWIDE WAS $71.07 PER BARREL - SEC FILINGOCCIDENTAL PETROLEUM: Q1 AVERAGE REALIZED PRICES FOR NGL TOTAL WORLDWIDE WAS $25.94/BBLOCCIDENTAL PETROLEUM CORP: Q1 AVERAGE REALIZED PRICES OF NATURAL GAS WORLDWIDE ...Reuters
Wed, Apr 9
NextDecade signs 20-year deal with Aramco to supply LNG from Rio Grande facility
April 8 (Reuters) - U.S. liquefied natural gas producer NextDecade NEXT.O said on Tuesday it had signed an agreement with a subsidiary of top oil producer Saudi Aramco 2222.SE to supply the superchilled gas from its Rio Grande facility for 20 years.The United States is already the world's larges...Reuters
Wed, Apr 9
Trump says he does not want to see US Steel go to Japan
WASHINGTON, April 9 (Reuters) - U.S. President Donald Trump said on Wednesday that he does not want U.S. Steel Corp X.N to go to Japan, suggesting he no longer supports Nippon Steel's 5401.T bid for the American steel producer.Shares of U.S. Steel fell 13% after the comment in trading after the ...Reuters
Wed, Apr 9
CBOT corn nears one-month top, climbing after Trump pauses most tariffs
CHICAGO, April 9 (Reuters) - Chicago Board of Trade corn futures ended firmer on Wednesday and the most-active May contract CK25 reached its highest in nearly a month after U.S. President Donald Trump announced a 90-day pause in many of the tariffs unveiled last week.CBOT May corn CK25 settled up 5 ...Reuters
Wed, Apr 9
SOFTS-Cocoa rises sharply, sugar down before US tariff reversal
NEW YORK, April 9 (Reuters) - Cocoa prices rose sharply on ICE on Wednesday, with dealers citing a technical recovery amid oversold signals after the market hit its lowest levels in five months earlier in the session.Coffee prices ended little changed after earlier hitting multi-month lows as well, ...Reuters
Wed, Apr 9
VW quarterly results plunge on US tariffs, EU carbon rules, restructuring
BERLIN, April 9 (Reuters) - Volkswagen VOWG.DE said the uncertainty caused by U.S. President Donald Trump's tariffs was among the factors leading its operating results to plunge to 2.8 billion euros ($3.07 billion) in the first quarter from 4.6 billion last year.Results at Europe's largest c...Reuters
Wed, Apr 9
CBOT wheat ends higher as tariff pause announced
April 9 (Reuters) - Chicago Board of Trade wheat futures closed up on Wednesday as President Donald Trump said the U.S. would put a 90-day pause on many of the sweeping tariffs announced last week. CBOT May soft red winter wheat WK25 settled up 2-1/4 cents at $5.42-1/4 per bushel. K.C. May hard red ...Reuters
Wed, Apr 9
Venezuela's oil flows again, after a week of panic
Tankers return to ports to finish loading a week after pause, delaysCrude cargoes set sail, destinations include India and ChinaCuba has benefited, to receive more cargoes this month April 9 (Reuters) - Many buyers of Venezuelan oil have resumed loading crude onto tankers after a week-long hiatus...Reuters
Wed, Apr 9
US Plains HRW Wheat-Basis bids flat amid slow selling
CHICAGO, April 9 (Reuters) - Spot basis bids for hard red winter wheat were unchanged in the U.S. Plains states on Wednesday as farmer selling was slow and industry players monitored dryness in the U.S. wheat belt, dealers said. * Wheat futures ticked higher on weather risks, a weakening dollar a...Reuters
Wed, Apr 9
GRAINS-Soy surges 2%; corn, wheat rally after Trump pauses most tariffs
By Renee Hickman and Julie Ingwersen CHICAGO, April 9 (Reuters) - U.S. soybean futures soared by 2% on Wednesday while corn and wheat closed higher, rallying along with crude oil CLc1 and equity markets after U.S. President Donald Trump said he would pause the tariff increases he anno...Reuters
Wed, Apr 9
CBOT soybeans rally on news of tariff pause
CHICAGO, April 9 (Reuters) - Chicago Board of Trade soybean futures traded near flat, then shot higher near the end of the session on Wednesday as U.S. President Donald Trump announced a 90-day pause on the tariff increases he announced last week for most countries, even as he raised them on China.C...Reuters
Wed, Apr 9
Oil jumps 4% after Trump pauses tariffs on many countries, raises China levy
Trump authorizes 90-day pause on tariffs for most countries, raises China tariff rate to 125% China imposes additional tariffs on US goodsUS crude oil stockpiles rose last week, EIA saysBy Nicole Jao NEW YORK, April 9 (Reuters) - Oil prices climbed more than 4% on Wednesday, bouncing back from fo...Reuters
Wed, Apr 9