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US Energy Department blames staff for errant Navy escort post
March 11 (Reuters) - Staff at the U.S. Department of Energy were responsible for a post on Energy Secretary Chris Wright's official X account on Tuesday that had incorrectly stated the U.S. Navy escorted an oil tanker through the Strait of Hormuz, according to a department spokesperson.The post,...Reuters
Wed, Mar 11
Oil reserves could alleviate temporary energy problem, US official Burgum tells Fox News
WASHINGTON, March 11 (Reuters) - Oil reserves could be used to counter a "temporary transit problem" that is causing oil prices to spike as strikes continue in Iran, U.S. Interior Secretary Doug Burgum told Fox News on Wednesday. "Certainly these are the kinds of moments that these reser...Reuters
Wed, Mar 11
Ara Partners unit in $875 million deal for power, ethanol assets
March 11 (Reuters) - Private markets firm Ara Partners said on Wednesday its energy unit will buy Gate City Power and Gate City Renewable Fuels portfolios from HF Capital while also picking up an interest in the JET retail network for a total of about $875 million. The acquisition adds roughly 2.2 g...Reuters
Wed, Mar 11
Mauritius' Alphamin Q4 EBITDA rises on higher tin prices
OverviewMauritius tin miner's Q4 EBITDA rose 13% quarter-over-quarter, supported by higher tin pricesQ4 tin production fell 4% from prior quarter as throughput was reduced to balance tin in plantFY2025 EBITDA increased 25% yr/yr, driven by higher production, sales and tin pricesOutlookAlphamin s...Reuters
Wed, Mar 11
GRAINS-Soybeans hold firm as crude oil regains ground
BEIJING/PARIS, March 11 (Reuters) - Chicago soybean futures rose on Wednesday as crude oil recovered from a day-earlier plunge while investors wrestled with disruption caused by the U.S.-Israeli war with Iran.Corn and wheat were also higher, steadying after a two-session fall.The most-active soybean...Reuters
Wed, Mar 11
Iran says oil will reach $200 a barrel, warns of 'continuous strikes'
DUBAI, March 11 (Reuters) - Iran will switch from "reciprocal hits" after attacks to continuous strikes on adversaries, and the U.S. will not be able to control oil prices, the spokesperson for Tehran's Khatam al-Anbiya military command headquarters said on Wednesday. "We won't a...Reuters
Wed, Mar 11
SLB Suspends Travel And Demobilizes Operations In Several Middle East Countries
March 11 (Reuters) - Slb NV SLB.N:SLB PROVIDES UPDATE ON MIDDLE EAST OPERATIONS AND FIRST QUARTER OUTLOOKSLB - SUSPENDS TRAVEL AND DEMOBILIZES OPERATIONS IN SEVERAL MIDDLE EAST COUNTRIESSLB - EXPECTS Q1 REVENUE BELOW EXPECTATIONS AND 6-9 CENTS EPS IMPACTSLB - SLB REVENUE FOR Q1 WILL BE LOWER THAN E...Reuters
Wed, Mar 11
Oil: Reserve release and conflict-driven supply risks – MUFG
MUFG’s Head of Research Derek Halpenny reports that the IEA has proposed a record Oil reserve release of 300–400 million barrels, potentially covering 15–20 days of Strait of Hormuz flows and easing supply constraints for several weeks.
Fxstreet
Wed, Mar 11
PRECIOUS-Gold steady as rising oil prices, inflation woes curb safe-haven demand
Oil prices climb over 5%US, Israel trade airstrikes with IranUS dollar, 10-year Treasury yields riseUS Consumer Price Index data due later in the dayBy Ishaan Arora March 11 (Reuters) - Gold was largely steady on Wednesday, as higher oil prices fueled worries of a spike in inflation and tempered ...Reuters
Wed, Mar 11
Forward prices suggest markets expect Iran conflict to be short, Uniper CEO says
DUESSELDORF, March 11 (Reuters) - Forward prices suggest that markets expect a short-term conflict in the Middle East region, where the United States and Israel have started a war on Iran, the CEO of German state-owned utility Uniper UN0k.DE said on Wednesday.While forward prices for gas and power i...Reuters
Wed, Mar 11
Germany to release oil reserves after IEA request, minister says
March 11 (Reuters) - Germany will release part of its oil reserves after the International Energy Agency (IEA) recommended the release of 400 million barrels of oil from reserves, the largest such move in IEA history, Germany's Economy Minister Katherina Reiche said on Wednesday. Speaking to rep...Reuters
Wed, Mar 11
NORDIC POWER-Front-quarter prices edge down on wet weather forecast
March 11 (Reuters) - Nordic front-quarter prices slipped on Wednesday, pressured by forecasts of wet weather and improving water reserves in the hydropower-dependent region. Nordic front-quarter baseload power contract ENOFBLQc1 fell 1.25 euros, or 2.4%, to 51.1 per megawatt hour (MWh) at 1104 GMT. ...Reuters
Wed, Mar 11
Shipper MSC announces fuel surcharge for Asia to US and Canada trade
March 11 (Reuters) - Shipping company MSC on Wednesday announced an emergency fuel surcharge on trade from Asia to the U.S. and Canada due to a surge in bunker costs amid geopolitical tensions.Effective from April 9, MSC said the surcharge would be $125 and $136 per 20-foot dry cargo from Asia to th...Reuters
Wed, Mar 11
REFILE-METALS-Aluminium rallies, spotlight on Middle East turmoil
By Pratima Desai LONDON, March 11 (Reuters) - Aluminium prices rallied on Wednesday as focus switched to pricing in global supply losses from the Middle East conflict, after a brief selloff triggered by comments from U.S. President Donald Trump on the Iran war.Benchmark aluminium CMAL3 on the Lon...Reuters
Wed, Mar 11
Campbell's cuts annual forecasts amid macroeconomic pressures
March 11 (Reuters) - Campbell's Co CPB.O cut its annual sales and profit forecasts on Wednesday, as the packaged food company expects demand to be weighed by budget-conscious consumers' shift toward cheaper alternatives amid rising macroeconomic uncertainty.Campbell's price hikes in rece...Reuters
Wed, Mar 11
Russia's Rosatom evacuates more staff from Iran, says about 450 remain
MOSCOW, March 11 (Reuters) - Russia's state nuclear corporation Rosatom is continuing to evacuate staff from Iran because of U.S.-Israeli attacks on the country, but around 450 of its personnel remain at the Bushehr nuclear power plant, the head of the company said on Wednesday.Rosatom chief Ale...Reuters
Wed, Mar 11
EXCLUSIVE-Shell, TotalEnergies and others declare FM to their clients who take LNG from Qatar - sources say
Shell and TotalEnergies have long-term partnerships with QatarEnergyQatar halted production at 77 mtpa LNG facilityBy Marwa RashadLONDON, March 11 - Several companies that buy liquefied natural gas (LNG) from QatarEnergy as portfolio players or offtakers — including Shell SHEL.L, TotalEnergies TTEF....Reuters
Wed, Mar 11
Israel's Kamada misses Q4 revenue estimates, reaffirms 2026 guidance
OverviewIsrael biopharma firm's Q4 revenue rose 15% yr/yr but missed analyst expectationsCompany adopted annual cash dividend policy and declared $0.25 per share dividendKamada reaffirmed 2026 guidance, projecting double-digit revenue and adjusted EBITDA growthOutlookKamada affirms 2026 revenue ...Reuters
Wed, Mar 11
