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UK joins IEA oil reserve release with 13.5 million barrels
LONDON, March 11 (Reuters) - Britain said on Wednesday it would contribute 13.5 million barrels of oil to a coordinated release from strategic reserves, joining other International Energy Agency members."With this action, the UK is playing our part in working with our international allies to add...Reuters
Wed, Mar 11
IEA announces largest coordinated release of 400 million barrels from Oil reserves
The International Energy Agency (IEA) announced that its 32 member countries unanimously agreed to make 400 million barrels of Oil from their emergency reserves available to the market, notes Reuters. The proposed move represents the largest coordinated release of strategic Oil reserves in history.
Fxstreet
Wed, Mar 11
IEA proposes release of 400 mln barrels of oil from strategic stocks
PARIS, March 11 (Reuters) - The International Energy Agency (IEA) proposed on Wednesday the release of 400 million barrels of oil, the largest release of oil reserves in its history, to bring down crude prices that have soared amid the U.S.-Israel war with Iran. The proposed release exceeds the ...Reuters
Wed, Mar 11
CORRECTED-EXCLUSIVE-Shell declares force majeure to clients who buy Qatari LNG, sources say
Shell has long partnerships with QatarEnergyQatar halted production at 77 mtpa LNG facilityBy Marwa RashadLONDON, March 11 (Reuters) - Shell SHEL.L, the world's largest liquefied natural gas trader, has declared force majeure on LNG cargoes it buys from QatarEnergy and sells to its clients world...Reuters
Wed, Mar 11
Oil storage facilities hit in Oman’s Salalah port, Ambrey and state TV say
DUBAI, March 11 (Reuters) - Oil storage facilities were struck in Oman's Salalah port on Wednesday, British maritime security firm Ambrey said.Drones struck fuel tanks in the port, Oman TV reported.No damage to merchant vessels had been reported, Ambrey said.Reuters
Wed, Mar 11
India says it is ready for unprecedented coal power demand in summer
NEW DELHI, March 11 (Reuters) - India has sufficient coal supplies to meet what is expected to be an unprecedented surge in demand during the summer months, the Coal Ministry said on Wednesday, after gas supply disruptions due to the U.S.-Israeli war on Iran. The overall coal stock available in...Reuters
Wed, Mar 11
OPEC confirms big Saudi oil production hike ahead of Iran war, holds forecasts steady
Saudi Arabia increased production as contingency for Iran attack disruption, sources saidOPEC says geopolitical developments need close monitoring, no forecast changes yetIEA to update oil forecasts on ThursdayBy Alex Lawler LONDON, March 11 (Reuters) - OPEC said on Wednesday that Saudi Arabia sh...Reuters
Wed, Mar 11
METALS-Aluminium rallies, focus on supply disruptions from Middle East turmoil
By Pratima Desai LONDON, March 11 (Reuters) - Aluminium prices rallied on Wednesday as attention shifted to global supply losses from the Middle East conflict, following a brief selloff triggered by comments from U.S. President Donald Trump on the Iran war.Benchmark aluminium CMAL3 on the London ...Reuters
Wed, Mar 11
PRECIOUS-Gold eases as firmer dollar, lingering inflation concerns weigh
Iran fires back at bases, shipsUS consumer prices increase as expected in FebruaryStandard Chartered maintains positive longer-term view on goldSpot silver slips over 3% By Ashitha Shivaprasad March 11 (Reuters) - Gold prices edged lower on Wednesday, weighed down by an uptick in the U.S. dollar ...Reuters
Wed, Mar 11
Hungary sends Druzhba fact-finding mission to Ukraine, deputy minister says
Four-member group to look into Druzhba outageUkraine says fact-finding mission has no official statusBudapest and Kyiv at loggerheads over outage BUDAPEST, March 11 (Reuters) - Hungary has sent a fact-finding mission to Ukraine to investigate the suspension of oil transit through the Druzhba pipe...Reuters
Wed, Mar 11
Japan to release around 80 million barrels from emergency oil stocks
TOKYO, March 11 (Reuters) - Japan plans to release around 80 million barrels from its private and national oil reserves, the Ministry of Economy, Trade and Industry said on Wednesday, to help calm global oil markets and prevent supply shortages caused by the Iran war.Japan would suffer the greatest ...Reuters
Wed, Mar 11
CBOT Trends-Wheat up 7-8 cents, corn up 6-7, soybeans up 17-20
CHICAGO, March 11 (Reuters) - The 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: WHEAT - Up 7 to 8 cents per bushelWheat ticked up under support from the escalating U.S.-Israeli war on Ir...Reuters
Wed, Mar 11
Babybel cheese maker expands South Dakota plant as weight loss drugs help stoke demand
By Nicholas P. Brown NEW YORK, March 11 (Reuters) - Bel Group, the French company famous for cheese snacks like Babybel and Laughing Cow, broke ground on Wednesday on a $200 million project to double capacity at its Brookings, South Dakota, Babybel plant, moving to meet healthy snack demand from ...Reuters
Wed, Mar 11
OPEC confirms big Saudi oil production hike ahead of Iran war, holds forecasts steady
LONDON, March 11 (Reuters) - OPEC said on Wednesday that Saudi Arabia sharply increased oil production in February ahead of U.S. and Israeli strikes on Iran and kept its forecasts for relatively strong global oil demand growth this year, according to a draft of its monthly report seen by Reuters.Sa...Reuters
Wed, Mar 11
Germany to release oil reserves in global push to tackle Iran war energy price surge
Germany to release 19.51 million barrels of oil reservesIEA's largest oil release amid U.S.-Israeli war with IranGermany plans to limit petrol price increases, tighten antitrust regulation BERLIN, March 11 (Reuters) - Germany will release part of its oil reserves after the International Energ...Reuters
Wed, Mar 11
EU considering gas price cap to curb surging energy costs
EU drafting proposals to relieve industries from high energy costsGas price cap divides EU governments, similar to 2022 energy crisisVon der Leyen warns against returning to Russian energy sourcesBy Kate Abnett and Charlotte Van Campenhout BRUSSELS, March 11 (Reuters) - The European Union is cons...Reuters
Wed, Mar 11
