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Kremlin says it is in constant touch with Iranian leaders
MOSCOW, March 11 (Reuters) - Russia is constantly in touch with the Iranian leadership and willing to contribute to efforts to stabilise the region, the Kremlin said on Wednesday."Here I can only say that we are in constant contact with the Iranian side and with the Iranian leadership," Krem...Reuters
Wed, Mar 11
US CPI: Energy shock complicates Fed path – Deutsche Bank
Deutsche Bank’s US economists flag February CPI as a key release for Federal Reserve expectations after the recent Oil shock delayed rate-cut pricing. They anticipate tariff-related strength in core goods and higher energy costs lifting headline inflation, while core CPI is seen steady.Fxstreet
Wed, Mar 11
EUROPE GAS-European gas prices rise on fears of LNG supply crunch
LONDON, March 11 - Benchmark European and British wholesale gas prices rose on Wednesday morning after reports of Iran laying mines in the Strait of Hormuz raised concerns over liquefied natural gas supply. It also signalled that the Middle East conflict would last longer than expected. The...Reuters
Wed, Mar 11
Freeport Indonesia employee shot dead at Papua's Grasberg mine
JAKARTA, March 11 (Reuters) - An employee of gold and copper miner Freeport Indonesia was shot dead on Wednesday in Indonesia's easternmost region of Papua, authorities said. Here are some details about the incident:The employee was shot in Freeport's Grasberg mine area in the region of Mi...Reuters
Wed, Mar 11
Turkey says no issues with natural gas or fuel supply
ANKARA, March 11 (Reuters) - Turkey has no natural gas or fuel supply problems and currently does not foresee any, Energy Minister Alparslan Bayraktar said on Wednesday, despite worries about supply constraints pushing prices higher.No need for concern on natural gas, Bayraktar saidSays there is no ...Reuters
Wed, Mar 11
US-sanctioned Chinese oil terminal resumes business after ownership change
By Chen Aizhu SINGAPORE, March 11(Reuters) - A Chinese oil terminal sanctioned by Washington in October has resumed operations after a logistics unit of state refiner Sinopec 0386.HK sold its stake in the facility to a local port operator, according to two trade sources and a tanker tracker. The ...Reuters
Wed, Mar 11
Rio Tinto raises Q2 Japan aluminium premium offer, sources say
Rio revises premium offer to $350/T from $250/THigher proposal reflects stronger overseas premiumsFreight and insurance costs rise amid Iran crisisBy Yuka Obayashi TOKYO, March 11 (Reuters) - Rio Tinto RIO.L, RIO.AX has raised its aluminium premium offer to Japanese buyers to $350 per metric ton ...Reuters
Wed, Mar 11
Iraq asks Kurdish government to allow crude exports via Kurdish pipeline to Turkey, sources say
BAGHDAD, March 11 (Reuters) - Iraq's oil ministry sent a letter early last week to the Kurdistan Regional Government seeking permission to pump at least 100,000 barrels per day of crude from Kirkuk oilfields through the Kurdistan pipeline network to Turkey's Ceyhan port, two oil officials fa...Reuters
Wed, Mar 11
Kazakhstan to produce 96-98 million tons of oil in 2026, below plan
ASTANA, March 11 (Reuters) - Energy Minister Yerlan Akkenzhenov said on Wednesday that Kazakhstan's oil and gas condensate production this year is expected to reach between 96 million and 98 million metric tons, below the planned 100.5 millions tons.That would equate to up to 2 million barrels p...Reuters
Wed, Mar 11
Russia says it shot down two British-supplied Storm Shadow missiles
MOSCOW, March 11 (Reuters) - Russian Defence Ministry said on Wednesday that its forces shot down two British-supplied Storm Shadow missiles over the past 24 hours, according to the RIA news agency.Earlier Ukraine said it had used Storm Shadow missiles to strike a key plant producing missile compone...Reuters
Wed, Mar 11
Italy ready to hike taxes on energy firms to fight speculation, PM says
ROME, March 11 (Reuters) - Italy is considering cutting excise duties to soften fuel prices and is ready to hike taxes on firms responsible for taking undue benefits from the energy crisis, Prime Minister Giorgia Meloni said on Wednesday."We will do everything we can to prevent speculation on th...Reuters
Wed, Mar 11
China's NIO eyes overseas expansion, flagging memory chip shortage
NIO reports first-ever quarterly net profit, aims for 2026 break-evenMemory chip shortage raises costs, but NIO won't increase pricesEuropean market challenges include declining EV incentives, rising electricity costs SHANGHAI, March 11 (Reuters) - Chinese electric vehicle maker NIO 9866.HK a...Reuters
Wed, Mar 11
Russia's Sakhalin-1 cut oil output by 10% in 2025
MOSCOW, March 11 (Reuters) - Oil production at Russia's Far-Eastern Sakhalin-1 project, abandoned by U.S. major ExxonMobil XOM.N, continued to decline last year, falling by 10.3% due to planned maintenance, regional authorities said.They didn't provide production volumes, which fell 9.8% in ...Reuters
Wed, Mar 11
Kazakhstan will produce 96 million to 98 million tons of oil in 2026, below plan
ASTANA, March 11 (Reuters) - Kazakhstan's energy minister Yerlan Akkenzhenov said on Wednesday that the country's 2026 oil production is expected to reach 96 million to 98 million metric tons, below its plan, and that production at the giant Tengiz field stood at 120,000 tons per day.Tengiz,...Reuters
Wed, Mar 11
Iran cannot possess nuclear weapons alongside missile capabilities, Italy PM says
ROME, March 11 (Reuters) - Iran cannot be allowed to acquire nuclear weapons alongside a missile capability that could soon enable it to strike Europe, Italian Prime Minister Giorgia Meloni said on Wednesday, warning that such a development could trigger a nuclear arms race."We cannot allow the ...Reuters
Wed, Mar 11
Iran war poses mixed risks, negative credit impact for Asia Pacific ports, airports, Fitch says
March 11 (Reuters) - Ratings agency Fitch said on Wednesday that port and airport operators in the Asia Pacific would face mixed, but increasingly negative, credit effects if Iran-linked shipping and airspace disruption persisted. The U.S.-Israeli war on Iran and Tehran's attacks on the Gulf hav...Reuters
Wed, Mar 11
Brent: Volatile slide after conflict headlines – Deutsche Bank
Deutsche Bank analysts describe a sharp reversal in Brent Oil as optimism over Iran-related supply risks grows. They highlight an -11% one-day drop in Brent, further weakness overnight, and swings driven by Saudi Aramco pipeline news, US political statements, and potential IEA reserve releases.Fxstreet
Wed, Mar 11
Return to Russian fuels would be a strategic blunder, von der Leyen says
BRUSSELS, March 11 (Reuters) - Europe would be making a strategic blunder if it sought to blunt soaring energy prices with a return to Russian fossil fuels, European Commission president Ursula von der Leyen said on Wednesday."In the current crisis, some argue that we should abandon our long-ter...Reuters
Wed, Mar 11
