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Rio Tinto revises Q2 Japan aluminium premium offer higher, sources say
TOKYO, March 11 (Reuters) - Rio Tinto RIO.L, RIO.AX offered Japanese buyers a revised premium offer of $350 per metric ton for April-June primary metal shipments, up 79% from the current quarter and 40% from its previous offer, two sources involved the quarterly talks said on Wednesday. Japan is a m...Reuters
Wed, Mar 11
G7 Statement: Energy ministers support principle of using oil reserves
In a statement released on Wednesday, the G7 group of nations said that their energy ministers supported, in principle, the implementation of proactive measures to address the situation, including the use of strategic reserves, per Reuters.
Fxstreet
Wed, Mar 11
China's NIO targets overseas sales of thousands of cars this year
BEIJING, March 11 (Reuters) - Chinese EV maker NIO 9866.HK aims to sell thousands of its cars overseas this year, as it expands abroad over the next two to three years, President Qin Lihong said on Wednesday.The comments came after NIO reported its first-ever quarterly net profit and forecast full y...Reuters
Wed, Mar 11
Barclays Bank Says Potomac View Investments Completes Placing Of 60 Mln Harbour Energy Shares
March 11 (Reuters) - Barclays Bank PLC BARC.L: BARCLAYS BANK PLC HARBOUR ENERGY PLC - PRICING OF ACCELERATED PLACING IN HARBOUR ENERGYBARCLAYS BANK PLC HARBOUR ENERGY PLC - PRICING OF ACCELERATED PLACING IN HARBOUR ENERGYBARCLAYS BANK PLC - POTOMAC VIEW INVESTMENTS COMPLETES PLACING OF 60 MILLION ...Reuters
Wed, Mar 11
Bulk carrier hit by projectile near Dubai, crew safe
DUBAI, March 11 (Reuters) - A bulk carrier was hit by an unknown projectile 50 nautical miles northwest of Dubai, United Arab Emirates, on Wednesday, according to the United Kingdom Maritime Trade Operations. The crew are reported safe and well, and authorities are investigating, UKMTO said.Reuters
Wed, Mar 11
Oil: Geopolitical risks and Hormuz bottleneck – Rabobank
Rabobank’s RaboResearch Global Economics & Markets team highlights that Oil prices are not fully reflecting escalating risks around the Strait of Hormuz, despite ongoing Iranian attacks on Gulf energy infrastructure and US strikes.Fxstreet
Wed, Mar 11
TABLE-UAE's Fujairah oil inventory data for week ended March 9
March 11 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended March 9, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change fro...Reuters
Wed, Mar 11
Harmony doubles dividend after gold price rally, flags lower copper output
Profit up 13%, tamped down by lower output and gradesHarmony declares record interim dividendCopper output impacted by shaft upgrade, safety stoppageMarch 11 (Reuters) - South Africa's Harmony Gold HARJ.J on Wednesday said its half-year profit rose 13% as higher bullion prices offset the impact ...Reuters
Wed, Mar 11
China 'does not agree' with attacks on Gulf countries, says foreign ministry
BEIJING, March 11 (Reuters) - China "does not agree" with attacks on Gulf states and condemns all indiscriminate attacks on civilians and non-military targets, said Guo Jiakun, spokesperson at the Chinese foreign ministry, at a regular press conference on Wednesday.Reuters
Wed, Mar 11
Trafigura's Morgen Energy Reaches Final Investment Decision For 20MW Green Hydrogen Project In Wales
March 11 (Reuters) - TRAFIGURA TRAFGF.UL: SAYS ITS WHOLLY-OWNED SUBSIDIARY MORGEN ENERGY REACHES FINAL INVESTMENT DECISION FOR 20MW GREEN HYDROGEN PROJECT IN WALESSAYS CONSTRUCTION OF THE PROJECT IS EXPECTED TO BEGIN IN 2026 AND COMMISSIONING BY EARLY 2028SAYS THE WEST WALES HYDROGEN PLANT IS SET TO...Reuters
Wed, Mar 11
PRECIOUS-Gold edges up on safe-haven demand ahead of US CPI data
Middle East war rages: US, Israel intensify airstrikes on IranIEA proposes largest oil release from strategic reserves-reportUS February CPI data due later in the dayBy Noel John March 11 (Reuters) - Gold edged higher on Wednesday on safe-haven demand and as a retreat in oil prices calmed inflati...Reuters
Wed, Mar 11
Carlyle to sell Colombian oil firm SierraCol to Philippine's Prime Infrastructure
LONDON, March 11 (Reuters) - Private equity group Carlyle CG.O has agreed to sell its Colombian oil producer SierraCol to Prime Infrastructure Capital, the infrastructure unit of Filipino businessman Enrique K. Razon Jr., for an undisclosed sum, the U.S. company said on Wednesday.Carlyle, which set ...Reuters
Wed, Mar 11
ROI-Mideast conflict may hasten Europe’s gas divorce from Russia: Vladimirov
By Martin and Vladimirov SOFIA, March 11 (Reuters) - The natural gas price shock Europe is experiencing from the Iran war could accelerate the region’s decoupling from Russian energy, while the continent is pushed further into the arms of the U.S.The Iranian attack that forced QatarEnergy, the wo...Reuters
Wed, Mar 11
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
Sri Lanka court orders 84 Iranian sailors' bodies be handed to Iran embassy, local media says
COLOMBO, March 11 (Reuters) - A Sri Lankan court has ordered that the bodies of 84 sailors killed in an attack on an Iranian warship off the island nation's coast last week be handed over to the embassy of Iran, local media reported on Wednesday. The warship, IRIS Dena, was hit by a torpedo from...Reuters
Wed, Mar 11
Trump announces new US refinery backed by India's Reliance
India's Reliance to invest in refinery, buy outputDeal likely to reduce trade deficit with IndiaFuel prices spike as US, Israel attack IranBy Erwin Seba and Nicole JaoHOUSTON, March 10 (Reuters) - President Donald Trump on Tuesday announced the construction of a refinery on the southern U.S. bor...Reuters
Wed, Mar 11
TECHNICALS-CBOT corn may bounce to $4.57
SINGAPORE, March 11 (Reuters) - CBOT corn CK26 may bounce to $4.57 per bushel, as suggested by a retracement analysis.A five-wave cycle from $4.76 seems to have ended at $4.45-1/2, as suggested by the following persistent bounce. Given that the market has climbed above the 23.6% retracement of $4.52...Reuters
Wed, Mar 11
Unprecedented Intervention: Crude Near $80 as IEA Proposes Historic Oil Stockpile Flood
The International Energy Agency (IEA) has proposed the largest-ever release of strategic petroleum reserves, putting downward pressure on crude oil prices and leaving the $80 threshold in jeopardy.TradingKey
Wed, Mar 11
