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RPT-ROI-Iran war deals harder blow to natural gas than oil: Maguire
By Gavin Maguire LITTLETON, Colorado, March 24 (Reuters) - At first glance, the Iran war appears to be hitting oil and gas with equal force, as missiles, drone strikes and shipping disruptions choke flows through the Strait of Hormuz.But beneath that surface symmetry lies a critical imbalance. Th...Reuters
Tue, Mar 24
CORRECTED-PRECIOUS-Gold trims losses as investors weigh conflicting signals on Mideast talks
Gold hit a four-month low on MondayIran denies talks with USBrent oil remains above $100 a barrelBy Noel John March 24 (Reuters) - Gold prices pared some losses after dropping more than 2% earlier on Tuesday, as investors remained wary about the Middle East conflict amid conflicting signals over ...Reuters
Tue, Mar 24
Russia stops ammonium nitrate exports for one month amid global supply crunch
Russia controls up to 40% of global ammonium nitrate trade Exports suspension will allow domestic market to be prioritized Fertilizers in global supply crunch due to Strait of Hormuz closure MOSCOW, March 24 (Reuters) - Russia, which controls up to 40% of the global trade in ammonium nitrate, sai...Reuters
Tue, Mar 24
CORRECTED-Mike Lynch's estate refused permission to appeal in UK HP-Autonomy case
LONDON, March 24 (Reuters) - The estate of late British tech tycoon Mike Lynch was on Tuesday refused permission to appeal a ruling by London's High Court that he was liable to Hewlett Packard Enterprise HPE.N over its acquisition of his firm Autonomy.The U.S. technology giant Hewlett Packard is...Reuters
Tue, Mar 24
VEGOILS-Palm slides more than 1% on weaker rival oils, geopolitical tensions
KUALA LUMPUR, March 24 (Reuters) - Malaysian palm oil futures ended more than 1% lower on Tuesday after a long Eid holiday break, as weaker rival edible oils weighed on the market and the Middle East war kept traders cautious.The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Mala...Reuters
Tue, Mar 24
RPT-Japan to drop 'most important' tag for China ties
By Tamiyuki Kihara TOKYO, March 24 (Reuters) - Japan will downgrade its description of ties with China from "one of its most important" in an annual diplomatic report, according to a draft reviewed by Reuters, as relations with Beijing worsen. The 2026 Diplomatic Bluebook, which Prim...Reuters
Tue, Mar 24
WTI Price Forecast: Holds key 20-day EMA amid Middle East conflicts
West Texas Intermediate (WTI), futures on NYMEX, is up 2% to near $90.00 during the European trading session on Tuesday. The oil price holds early gains, driven by Iran’s refusal to be involved in any direct talks with the United States (US) regarding the end of conflicts in the Middle East.
Fxstreet
Tue, Mar 24
EUROPE GAS-Prices extend losses as market eyes Iran war developments
LONDON, March 24 (Reuters) - Dutch and British wholesale gas contracts extended losses on Tuesday morning, following a sharp drop in the previous session, after U.S. President Donald Trump said he would postpone military strikes on Iran and that a deal with Iran could be reached "within five day...Reuters
Tue, Mar 24
Kremlin on Reuters fiscal fund report: these issues are currently being worked out
MOSCOW, March 24 (Reuters) - The Kremlin on Tuesday, when asked about a Reuters report that Russia was postponing a plan to boost long-term fiscal reserves, said that the issues were being worked out and that they were being discussed at President Vladimir Putin's meetings on the economy.Reuters...Reuters
Tue, Mar 24
Eni is owed around $3.3 bln by Venezuela, annual report shows
MILAN, March 24 (Reuters) - Eni ENI.MI was owed $3.3 billion by Venezuela's oil company PDVSA at the end of last year, including around $1 billion in accrued interest, the Italian company said in its annual report on Tuesday.Reuters
Tue, Mar 24
Smithfield Foods beat quarterly results estimates on resilient demand for pork
March 24 (Reuters) - Smithfield Foods SFD.O beat analysts' estimates for fourth-quarter sales and profit on Tuesday, helped by resilient demand for packaged meats and cost-saving efforts, lifting the U.S. pork processor's shares nearly 4% higher in premarket trading.More U.S. consumers are o...Reuters
Tue, Mar 24
Itochu, ERI to set up Japan venture to recycle electronics
By Yuka ObayashiTOKYO, March 24 (Reuters) - Trading house Itochu 8001.T said on Tuesday it would form a Japanese venture with Electronic Recyclers International to recycle electronic equipment.Itochu also plans to buy a stake in ERI, but did not disclose details of the investment.Japan is ramping up...Reuters
Tue, Mar 24
Investors bet Iran war will boost Chinese renewables demand
Chinese green energy stocks have jumped since the Iran war beganInvestors bet energy security needs will boost China green tech exportsMulti-year renewables renaissance under way, consultancy saysBy Samuel Shen and Jiaxing Li SHANGHAI/HONG KONG, March 24 (Reuters) - Investors are rushing into Chi...Reuters
Tue, Mar 24
Eni is owed around $3.3 bln by Venezuela, annual report shows
MILAN, March 24 (Reuters) - Eni ENI.MI was owed $3.3 billion by Venezuela's oil company PDVSA at the end of last year, including around $1 billion in accrued interest, the Italian company said in its annual report on Tuesday.Reuters
Tue, Mar 24
TotalEnergies Signs Deal To End Its U.S. Offshore Wind Projects
March 24 (Reuters) - TotalEnergies SE TTEF.PA:TOTALENERGIES SIGNS AGREEMENTS WITH U.S. DEPARTMENT OF INTERIOR TO END ITS U.S. OFFSHORE WIND PROJECTSTO RELINQUISH CAROLINA LONG BAY AND NEW YORK BIGHT OFFSHORE WIND LEASESTO EXIT U.S. OFFSHORE WIND PROJECTS IN THE U.S.TO INVEST RECOVERED LEASE FEES IN ...Reuters
Tue, Mar 24
Iran Refuses Easy Ceasefire: Three Major Conditions Revealed, Middle East Situation Adds Uncertainty
TradingKey - Mohsen Rezaee, the newly appointed military advisor to Iran's Supreme Leader, stated in an interview broadcast on Iranian state television on March 23 that Iran will only cease hostilities once it receives full reparations, all economic sanctions are lifted, and international legal guarTradingKey
Tue, Mar 24
OFGEM Shortlists Bidders To Own And Operate Offshore Electricity Transmission Links For Three Major North Sea Wind Farms
March 24 (Reuters) - OFGEM: SHORTLISTED BIDDERS WHO CAN COMPETE TO OWN AND OPERATE OFFSHORE ELECTRICITY TRANSMISSION LINKS FOR THREE MAJOR NORTH SEA WIND FARMSOFGEM: FIVE BIDDERS WILL NOW BE INVITED TO SUBMIT THEIR FORMAL TENDERS AHEAD OF OFGEM SELECTING PREFERRED BIDDER FOR EACH PROJECT - WEBSI...Reuters
Tue, Mar 24
Macquarie Expects Brent to Hit Price Floor Of $85/bbl-$90/bbl If Iran Tensions Decrease
March 24 (Reuters) - Macquarie Group MQG.AX:EXPECTS BRENT TO HIT PRICE FLOOR OF $85/BBL TO $90/BBL IF IRAN TENSIONS DECREASEEXPECTS PRICES TO DRIFT BACK TO $110/BBL UNTIL STRAIT OF HORMUZ IS RESTOREDSAYS $150/BBL STILL AN OPTION IF STRAIT REMAINS SHUT UNTIL APRILReuters
Tue, Mar 24
