News
Important Only
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
Japan, Germany release Oil reserves ahead of IEA decision, WTI drops
According to Reuters, the International Energy Agency (IEA) is set to announce a recommendation regarding the potential release of emergency Oil reserves at 13:00 GMT. The move comes as governments seek to ease pressure on energy markets and contain rising fuel costs.Fxstreet
Wed, Mar 11
Italy’s Meloni criticises US war on Iran as part of dangerous trend
Meloni warns strikes on Iran reflect growing global instabilityItaly says Tehran must not obtain nuclear weaponsRome deploys air-defence assets to Gulf alliesBy Angelo Amante and Giuseppe Fonte ROME, March 11 (Reuters) - Italy's Prime Minister Giorgia Meloni on Wednesday delivered her str...Reuters
Wed, Mar 11
RPT-ROI-Iran war shatters Trump's case for fossil fuels: Bousso
By Ron Bousso LONDON, March 11 (Reuters) - The economic risks of the world’s heavy dependence on oil and gas have been laid bare twice in four years - first with Russia’s invasion of Ukraine and now with the U.S.-Israeli war on Iran - undermining U.S. President Donald Trump’s flagship push to dou...Reuters
Wed, Mar 11
Germany to release some of its oil reserves, dpa reports
BERLIN, March 11 (Reuters) - Germany will release some of its oil reserves amid rising energy prices due to the Iran conflict, local news agency dpa reported on Wednesday.Germany's Economy Minister Katherina Reiche was set to give a statement at noon (1100 GMT) after the government's regular...Reuters
Wed, Mar 11
RPT-Nigeria reviews oil, market exposure amid rising Middle East tension
By Camillus EbohABUJA, March 11 (Reuters) - Nigeria's government is monitoring escalating tensions in the Middle East as it assesses potential risks to the country's economic stability, the finance ministry said on Wednesday.Finance Minister Wale Edun convened the Economic Management Team to...Reuters
Wed, Mar 11
German government plans to limit petrol price increases to once a day, sources say
BERLIN, March 11 (Reuters) - The German government plans to limit fuel price increases at petrol stations to once a day, two sources told Reuters on Wednesday, as it grapples with rising energy costs due to the Iran war.Reuters
Wed, Mar 11
JOGMEC sells offtake option for Vicuna's copper project in Argentina
TOKYO, March 11 (Reuters) - Japan Organization of Metals and Energy Security (JOGMEC) said on Wednesday it had sold its option to take delivery of 40% of future copper concentrate output from Vicuna's Josemaria project in Argentina to Mitsui & Co 8031.T for an undisclosed sum. Mitsui secured...Reuters
Wed, Mar 11
EXCLUSIVE-Shell, TotalEnergies and others declare FM to their clients who take LNG from Qatar - sources say
LONDON, March 11 - Some clients of QatarEnergy, including Shell SHEL.L, TotalEnergies TTEF.PA, and other companies in Asia have declared force majeure to their customers who take Qatari liquefied natural gas (LNG) through them, three sources told Reuters on Wednesday.Qatar, the world's second-la...Reuters
Wed, Mar 11
WRAPUP 1-ECB policymakers acknowledge war risk, promise to keep inflation in check
Higher energy price push up inflation, slow growthMarkets see more than 1 rate hike this yearPolicymakers promise not to let inflation get entrenchedNo rate change coming at March 19 meeting FRANKFURT, March 11 (Reuters) - European Central Bank policymakers acknowledged on Wednesday the economic ...Reuters
Wed, Mar 11
WTI Oil gains on Middle East turmoil while G7, IEA weigh strategic reserve measures
West Texas Intermediate (WTI) US Oil trades around $86.30 on Wednesday at the time of writing, up 1.20% on the day as markets remain focused on escalating geopolitical tensions in the Middle East and potential policy responses aimed at stabilizing global energy supply.Fxstreet
Wed, Mar 11
Hungary sends Druzhba fact-finding mission to Ukraine, deputy minister says
BUDAPEST, March 11 (Reuters) - A Hungarian fact-finding mission is on its way to Ukraine with a view to creating the conditions for restarting oil flows through the Druzhba pipeline, Hungarian Deputy Energy Minister Gabor Czepek said in a Facebook post on Wednesday.He said the mission was also suppo...Reuters
Wed, Mar 11
IEA to announce oil stock release recommendation at 1300 GMT, may total 400 million barrels, sources say
March 11 (Reuters) - The International Energy Agency is set to announce its recommendation at 1300 GMT on releasing oil from strategic reserves, two sources with knowledge of IEA discussions said on Wednesday.The release may total 400 million barrels, the sources said.The IEA did not immediately res...Reuters
Wed, Mar 11
PRECIOUS-Gold holds steady as rising oil prices, inflation woes cap 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 steadied on Wednesday, as higher oil prices reignited inflation worries and tempered hopes of rate cut...Reuters
Wed, Mar 11
ANALYSIS-Prices for new cars have soared. Here’s one big reason why.
Automakers' focus on higher-end US models has driven average selling prices to $47,000Many lower and middle-income car shoppers have been relegated to the used-car lotThe affordability problem is a risk to US carmakers as Chinese brands expand globallyBy Nora Eckert and Kalea Hall March 11 (R...Reuters
Wed, Mar 11
RPT-EXCLUSIVE-Chevron, Shell closing in on first big oil production deals in Venezuela since US captured Maduro, sources say
Both companies close to clinching deals in prime oil areasChevron would expand to Ayacucho 8 area in the OrinocoShell to work in Monagas North's areas of Carito, PiritalGovernment could complete contract review as soon as this monthBy Marianna Parraga and Deisy Buitrago HOUSTON/CARACAS, March...Reuters
Wed, Mar 11
IEA to recommend release of strategic oil stocks on Iran war, sources say
LONDON/PARIS, March 11 (Reuters) - The International Energy Agency is recommending a release of oil from strategic reserves that would exceed 100 million barrels over the first month, two sources with knowledge of IEA discussions said on Wednesday.The IEA did not immediately respond to a request for...Reuters
Wed, Mar 11
