Venture Global Shares Slump on Downbeat Annual Core Profit Outlook

March 6 (Reuters) – Venture Global’s (VG.N) shares on Thursday slumped to its lowest level since its debut as the LNG producer forecast its 2025 core profit below Wall Street expectations. Shares of the company fell as much as 22.5% to $11.02 in morning trade as it forecast adjusted core profit between $6.8 billion and …

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Weak Refinery, Export Demand Weakens Prices for Midland Crude Along Texas Coast

By Arathy Somasekhar Cold weather impacts about 1.8 mln barrels of Permian output – analyst Midwest refiners seek Midland crude to cut dependency on Canadian light – analyst U.S., Europe refinery maintenances cut demand at the coast Narrow price differential between WTI Midland and MEH expected to be temporary – analysts to be temporary – …

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Canada Will be in a Trade War With US Started by Trump for Foreseeable Future, Says Trudeau

Canada will continue to be in a trade war with the United States for the foreseeable future, Prime Minister Justin Trudeau said on Thursday, a day after what he called a “colorful” call with President Donald Trump. Trudeau said Canada would continue to engage with senior Trump administration officials about the tariffs, reiterating that his …

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Trump Exempts Some Automakers From Canada, Mexico Tariffs for One Month

U.S. President Donald Trump will exempt automakers from his punishing 25% tariffs on Canada and Mexico for one month as long as they comply with existing free trade rules, the White House said on Wednesday, a development that halted at least for now Wall Street’s steepest skid in nearly three months. Trump is also open …

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After Trump’s tariffs, Mexico seeks Asian and European crude oil buyers

 Mexican state company Pemex is in talks with potential buyers in Asia, including China, and Europe, as it seeks alternative markets for its crude after U.S. President Donald Trump imposed tariffs on imports, a senior Mexican government official said. Trump this week implemented 25% tariffs on goods from Mexico and Canada. While Canadian crude won …

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