News
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Indian source says Iran to allow India-flagged tankers through Hormuz as first tanker arrives
Iranian source denies any such agreementIndian source says assurance came after foreign ministers spokeIndia says 28 Indian-flagged vessels around StraitThey have 778 Indian sailors aboardSuezmax tanker Shenlong, carrying Saudi crude, reaches MumbaiBy Krishna N. Das, Saurabh Sharma and Nidhi Verma ...Reuters
Thu, Mar 12
Projectile fragments hit Hapag-Lloyd container vessel near Strait of Hormuz
COPENHAGEN, March 12 (Reuters) - German shipping company Hapag-Lloyd HLAG.DE said projectile fragments have hit the Liberia-flagged container vessel 'Source Blessing' near the Strait of Hormuz.Hapag-Lloyd said in an emailed statement that the ship, which it has time-chartered to Danish shipp...Reuters
Thu, Mar 12
RWE talks with ADNOC over LNG have slowed somewhat due to crisis, CEO says
ESSEN, Germany, March 12 (Reuters) - Talks RWE is holding with ADNOC over potential deliveries of liquefied natural gas have slowed in light of the U.S.-Israeli war on Iran, which has caused major shutdowns of local energy infrastructure, the utility's CEO said.RWE had signed a provisional agree...Reuters
Thu, Mar 12
Oil Product Deliveries To The Spanish Market From Fuel Distributor Exolum Terminals Decreased By 0.6% In February YoY
March 12 (Reuters) - Oil Logistics Company Exolum:OIL PRODUCT DELIVERIES TO THE SPANISH MARKET FROM FUEL DISTRIBUTOR EXOLUM TERMINALS DECREASED BY 0.6% IN FEBRUARY YEAR ON YEARSource textReuters
Thu, Mar 12
Serbia's NIS seeks new US sanctions waiver to allow crude oil imports
BELGRADE, March 12 (Reuters) - Serbia's Russian-owned NIS NIIS.BEL oil company has sought another sanctions waiver from the U.S. to allow crude imports while it awaits the completion of a sale to Hungary's MOL MOLB.BU, the company said on Thursday.NIS operates Serbia's only oil refinery ...Reuters
Thu, Mar 12
Russia's Rosatom says it will stay in Iran despite war
MOSCOW, March 12 (Reuters) - Russia’s state nuclear corporation Rosatom will stay in Iran despite the conflict in the Middle East and is committed to its agreement to build two more units at the Bushehr nuclear plant, its head Alexei Likhachev said on Thursday.Rosatom, which built the first 1‑gigawa...Reuters
Thu, Mar 12
PRECIOUS-Gold treads water as margin calls, strong dollar offset safety demand
Oil prices jump over 6%Two oil tankers in Iraqi waters set ablaze in latest attacksDollar near highest since 2026 start,10-yr yields at 5-week highBy Ishaan Arora March 12 (Reuters) - Gold prices were little changed on Thursday, as margin calls on sliding equities, a stronger dollar and dampened ...Reuters
Thu, Mar 12
Indian rice exports slow as Middle East war pushes up freight and insurance costs
By Rajendra Jadhav MUMBAI, March 12 (Reuters) - Rice exports from India are slowing as the U.S.-Israeli war on Iran pushes up freight and insurance costs, making it harder for exporters to secure vessels, five exporters told Reuters.India, which accounts for more than 40% of world rice exports, u...Reuters
Thu, Mar 12
Canada's McEwen Q4 revenue rises on higher gold prices
OverviewCanada gold and silver miner's Q4 revenue rose 28% yr/yr, driven by higher gold pricesQ4 net income swung to profit from prior yr lossAdjusted EBITDA for Q4 more than doubled yr/yrOutlookCompany sees 2026 production at 114,000-126,000 GEOs with cash costs of $2,100-$2,300McEwen targets 2...Reuters
Thu, Mar 12
Brazil's dreams for industrial-scale cocoa farms fading after price crash
Brazilian cocoa projects face financial challenge due to low bean pricesAfrican production recovery, 'shrinkflation' impact global cocoa marketBig projects for thousands of hectares being suspended or slowedBy Marcelo Teixeira, Oliver Griffin and May Angel SAO PAULO, March 12 (Reuters) - ...Reuters
Thu, Mar 12
India examining Bangladesh request for diesel supply
NEW DELHI, March 12 (Reuters) - India has received a request from Bangladesh for diesel supplies, the country's foreign ministry spokesperson Randhir Jaiswal said on Thursday. New Delhi will factor in India's diesel availability and refining capacity before supplying Bangladesh, which i...Reuters
Thu, Mar 12
Kremlin says energy cooperation with the US is being discussed
MOSCOW, March 12 (Reuters) - Russia and the United States are discussing possible areas of cooperation in the energy sphere, the Kremlin said on Thursday, declining to provide concrete details.President Vladimir Putin's envoy Kirill Dmitriev travelled to Florida this week and said that he had di...Reuters
Thu, Mar 12
Goldman Sachs Raises Oil Price Forecasts and Warns Oil May Break All-Time Highs if Strait of Hormuz Disruption Persists
TradingKey — As tensions in the Middle East continue to escalate, energy market concerns over supply disruptions are rapidly intensifying. Goldman Sachs’ latest report has raised its crude oil price forecasts, warning that if oil shipments through the Strait of Hormuz are blocked for a prolonged period, international oil prices could approach or even surpass their 2008 historical peak.TradingKey
Thu, Mar 12
EUROPE GAS-Prices rise on LNG supply concerns, oil strength
LONDON, March 12 - British and Dutch wholesale gas prices rose on Thursday morning as reports of tanker attacks in the Gulf heightened fears of prolonged disruption to regional liquefied natural gas supplies from the region, while higher oil prices added further support.The benchmark Dutch front-mon...Reuters
Thu, Mar 12
World faces largest-ever oil supply disruption on Middle East war, IEA says
LONDON, March 12 (Reuters) - The war in the Middle East is creating the biggest oil supply disruption in the history of the global market, the International Energy Agency said on Thursday, a day after the agency agreed to release a record volume of oil from strategic stockpiles.Middle East Gulf cou...Reuters
Thu, Mar 12
IEA director says energy markets at 'critical turning point'
ISTANBUL, March 12 (Reuters) - IEA Executive Director Fatih Birol said on Thursday that global energy markets are at a "critical turning point," after his agency on Wednesday recommended a coordinated release of global reserve oil in the face of the Iran war. The closure of the Strait of Hor...Reuters
Thu, Mar 12
