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US distillate fuel stocks fell to lowest since November 2023 last week, EIA says
NEW YORK, April 9 (Reuters) - Total U.S. distillate fuel oil stocks fell last week to 111.08-million-barrels, the lowest since November 2023, data from the U.S. Energy Information Administration showed on Wednesday.Distillate fuel inventories, which include diesel and heating oil, fell by 3.54-milli...Reuters
Wed, Apr 9
USDA to lose bird flu response employees, source says
USDA did not immediately respond to request for commentSource says departure of three workers likely to disrupt bird flu monitoringBird flu has sickened 70 people in U.S. and killed oneBy Leah Douglas April 9 (Reuters) - Several U.S. Department of Agriculture employees who worked on the agency...Reuters
Wed, Apr 9
US sanctions hit Serbian oil firm NIS' operations despite waivers
NIS has had to switch to spot market purchases, sources sayOMV, Eko no longer buy transport fuel from NIS due to sanctionsNIS says ready to meet obligations, refinery operating normallyBy Robert Harvey and Aleksandar Vasovic LONDON/BELGRADE, April 9 (Reuters) - Serbian oil firm NIS is struggling ...Reuters
Wed, Apr 9
US bill creates fund to enforce oil sanctions on Russia's ghost fleet
WASHINGTON, April 9 (Reuters) - Legislation from two U.S. senators from both parties introduced on Wednesday establishes a fund to enforce sanctions on the so-called ghost fleet of tankers Russia relies on to carry oil to avoid Western sanctions over its war on Ukraine. The bill from Senators Joni E...Reuters
Wed, Apr 9
US issues new sanctions on Iran as Trump seeks talks
WASHINGTON, April 9 (Reuters) - The United States issued fresh sanctions on Iran on Wednesday, the Treasury Department said, two days after President Donald Trump announced the U.S. planned direct talks with Tehran over its nuclear program.The department designated five entities and one person based...Reuters
Wed, Apr 9
French wine and spirits lobby welcomes EU countermeasures, but says difficulties remain
PARIS, April 9 (Reuters) - The French wine and spirits lobby FEVS said on Wednesday that countermeasures announced by the EU earlier on Wednesday against U.S. tariffs avoided escalating tensions in its sector, but added that difficulties remained unresolved with the United States.FEVS said it was pl...Reuters
Wed, Apr 9
US producers face tough choices on growth, capital returns as oil falls below $60
Oil benchmarks dip below $60 a barrel amid trade war fearsOil companies may cut capex, halt buybacks, analysts sayAnalysts expect cautious tone in April earningsBy Arunima Kumar April 9 (Reuters) - A plunge in oil prices below $60 per barrel due to an escalating trade war may trigger anxiety acro...Reuters
Wed, Apr 9
US energy secretary to discuss security during UAE visit
DUBAI, April 9 (Reuters) - United States Energy Secretary Chris Wright said his visit to the United Arab Emirates will include discussion on enhancing global energy security, the UAE state news agency reported on Wednesday.Wright will also discuss previously announced investment plans by the Gulf co...Reuters
Wed, Apr 9
U.S. grain trader ADM appoints Cuddy as President, North America
SAO PAULO, April 9 (Reuters) - U.S. grain trader Archer Daniels Midlands ADM.N has appointed Christopher Cuddy as president for North America, according to a source and an internal memo seen by Reuters on Wednesday.Cuddy will continue in his current role as global president of carbohydrate solutions...Reuters
Wed, Apr 9
EU to start retaliating against U.S. tariffs on Tuesday
EU retaliation only against U.S. steel and aluminium tariffsEU plans 25% tariff on U.S. motorcycles, poultry, fruit importsTrump's broader tariffs took effect on WednesdayBy Philip Blenkinsop BRUSSELS, April 9 (Reuters) - The European Union will launch its first countermeasures against U....Reuters
Wed, Apr 9
US natural gas prices slide 2% to 2-month low on worries tariffs could cut energy demand
US LNG export feedgas on track to hit record high in AprilUS gas production on track to decline in April from record high in MarchUS gas inventories on track for rare build in MarchBy Scott DiSavino April 9 (Reuters) - U.S. natural gas futures slid about 2% to a two-month low on Wednesday along w...Reuters
Wed, Apr 9
Caspian pipeline partially restores Kazakh oil loadings in Black Sea
CPC says two of three moorings are engaged in operationsThis eases worries about drop in Kazakh oil output, exportsKazakhstan has been pumping oil above OPEC+ quota MOSCOW, April 9 (Reuters) - The Caspian Pipeline Consortium resumed loading oil at one of two previously shut Black Sea's mo...Reuters
Wed, Apr 9
Germany's future coalition unveils plan to cut electricity costs, boost gas power
BERLIN, April 9 (Reuters) - Germany's future coalition government of the conservative CDU-CSU bloc and the centre-left Social Democrats agreed to reduce the electricity tax and grid fees in a bid to cut electricity prices in Europe's biggest economy by at least 5 cents per kilowatt-hour.The ...Reuters
Wed, Apr 9
US energy secretary to discuss global energy security during UAE visit
DUBAI, April 9 (Reuters) - United States Energy Secretary Chris Wright said his visit to the United Arab Emirates will include discussion on enhancing global energy security, the UAE state news agency reported on Wednesday.Wright will also discuss previously announced investment plans by the Gulf co...Reuters
Wed, Apr 9
CK Hutchison says invested $1.7 billion for port infrastructure in Panama
April 9 (Reuters) - Panama Ports Company, an indirect unit of conglomerate CK Hutchison 0001.HK, said on Wednesday it had invested $1.70 billion in the infrastructure of ports Balboa and Cristobal as part of an agreement signed with the government two decades ago."The clarification came in respo...Reuters
Wed, Apr 9
CBOT Trends-Wheat up 3-4 cents, corn up 2-3, soy down 1-up 2
CHICAGO, April 9 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday.NOTE: The U.S. Department of Agriculture's monthly supply and demand report will be released on Thursday.WHEAT -...Reuters
Wed, Apr 9
EU countries back first countermeasures to U.S. tariffs from April 15
BRUSSELS, April 9 (Reuters) - The European Commission said on Wednesday it had secured backing from EU countries and would press ahead with a first set of countermeasures from April 15 against U.S. President Donald Trump's tariffs on steel and aluminium.The European Union is set to impose extra ...Reuters
Wed, Apr 9
Panama Ports Responds To Recent Statements Regarding Company And Concession
April 9 (Reuters) - CK Hutchison Holdings Ltd 0001.HK:RESPONDS TO THE RECENT STATEMENTS REGARDING COMPANY AND CONCESSIONCLARIFIES THAT PPC FAILED TO PAY $1,200 MILLION BALBOAS TO PANAMANIAN STATE, IS CONTRARY TO REALITYPPC HAS COMPLIED WITH PAYMENTS FOR CONTAINER MOVEMENT THAT PANAMA MARITIME AUTHOR...Reuters
Wed, Apr 9
Ukraine's soybean sales to EU can rise amid tariff war, producers say
KYIV, April 9 (Reuters) - Ukraine may increase its soybean exports to the European Union if the trade conflict between the U.S. and the EU escalates, Ukrainian farm producers union UAC said on Wednesday. Ukraine harvested a record 6.2 million metric tons of soybean in 2024, but sowing areas could d...Reuters
Wed, Apr 9
U.S. nuclear power plant outages
April 9 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total...Reuters
Wed, Apr 9
TIMELINE-How China reduced its reliance on US farm imports and sharpened its trade war toolkit
By Mei Mei Chu April 9 (Reuters) - Since the U.S.-China trade war in President Donald Trump's first term, Beijing has taken steps to reduce its reliance on American farm goods in a wider effort to bolster its food security.As a result, China can now wield the billions it still spends each yea...Reuters
Wed, Apr 9
Sndl Enters Into Agreement To Acquire Cost Cannabis And T Cannabis Locations From 1Cm
April 9 (Reuters) - SNDL Inc SNDL.O:SNDL ENTERS INTO AGREEMENT TO ACQUIRE COST CANNABIS AND T CANNABIS LOCATIONS FROM 1CMSNDL INC: WILL ACQUIRE 32 CANNABIS RETAIL STORES OPERATING UNDER COST CANNABIS AND T CANNABIS BANNERS IN ONTARIO, ALBERTA AND SASKATCHEWANSNDL INC: PROPOSED DEAL FOR $32.2 MILLIO...Reuters
Wed, Apr 9
FACTBOX-How important is agriculture to the US-China relationship?
By Mei Mei Chu BEIJING, April 9 (Reuters) - China on Wednesday announced it would hike planned tariffs on U.S. imports to 84%, matching President Donald Trump's latest duties on the country as relations between the two superpowers sinks to a new low. This new levy adds to the 10-15% ...Reuters
Wed, Apr 9