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TABLE-North Sea gas maintenance schedule: Revises UGS Bergermeer outage
March 11 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUT...Reuters
Wed, Mar 11
WTI Price Forecast: Struggles near $82.00, 200-hour holds the key for bulls amid Iran war
West Texas Intermediate (WTI) Crude Oil prices struggle to build on the overnight bounce from sub-$76.00 levels, or the weekly low, and meet with a fresh supply during the Asian session on Wednesday. The commodity currently trades just below the $82.00 mark, down nearly 4% for the day.Fxstreet
Wed, Mar 11
Cargo ship hit by projectile in Strait of Hormuz, crew evacuates
DUBAI, March 11 (Reuters) - A cargo vessel was hit by an unknown projectile in the Strait of Hormuz, resulting in a fire onboard and prompting the crew to evacuate and request assistance, according to the United Kingdom Maritime Trade Operations on Wednesday.Reuters
Wed, Mar 11
Gold edges higher on safe-haven demand ahead of US CPI data
Gold edged higher on Wednesday on safe-haven demand and as a retreat in oil prices calmed inflation worries, reviving expectations for potential Federal Reserve rate cuts this year as investors awaited U.S. CPI data that may offer more cues.Reuters
Wed, Mar 11
PRESS DIGEST -Wall Street Journal - March 11
March 11 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- The International Energy Agency has proposed the largest release of oil reserves in its history to bring down crude prices that have soare...Reuters
Wed, Mar 11
INSIGHT-China is rebuilding its grip on North Korea. Is Kim Jong Un ready to oblige?
China installs new border infrastructure, boosts economic ties with North KoreaRenewed engagement follows Kim's pivot to Russia in recent yearsChina imports growing volumes of hair products, strategic metals from North Korea Strengthened ties with Pyongyang make China key to any fresh US-North K...Reuters
Wed, Mar 11
Harmony Gold half-year profit rises 13%, dividend up
March 11 (Reuters) - South Africa's Harmony Gold HARJ.J on Wednesday said its half-year profit rose 13% on the back of higher bullion prices, helping the miner boost its dividend. Harmony's headline earnings per share came in at 14.31 rand ($0.8827) in the six months to December 31, from 12...Reuters
Wed, Mar 11
INSIGHT-China is rebuilding its grip on North Korea. Is Kim Jong Un ready to oblige?
China installs new border infrastructure, boosts economic ties with North KoreaRenewed engagement follows Kim's pivot to Russia in recent yearsChina imports growing volumes of hair products, strategic metals from North Korea Strengthened ties with Pyongyang make China key to any fresh US-North K...Reuters
Wed, Mar 11
TECHNICALS-CBOT soybeans may revisit Tuesday low of $11.77-3/4
For more technical analyses, please click SINGAPORE, March 11 (Reuters) - The CBOT soybean May contract SK26 may revisit its Tuesday low of $11.77-3/4 per bushel, following its failure to break a resistance at $12.39-3/4.The failure suggests the completion of a wave C from $10.50-1/2, which will be ...Reuters
Wed, Mar 11
WRAPUP 1-Combatants in Mideast war trade more air strikes as Iran clamps down on dissent
Latest round of bombardments target Israel, Gulf states, LebanonIEA reported to plan record oil reserve release to calm marketsMillions of Israelis driven to shelter by new missile attacksBy Parisa Hafezi, Alexander Cornwell and Phil Stewart DUBAI/TEL AVIV/WASHINGTON, March 11 (Reuters) - The U.S...Reuters
Wed, Mar 11
Container vessel sustains damage from a suspected projectile near UAE, UKMTO says
March 11 (Reuters) - The United Kingdom Maritime Trade Operations (UKMTO) said on Wednesday that it had received a report of an incident 25 nautical miles (46 km) northwest of Ras Al Khaimah in the United Arab Emirates, with the master of a vessel reporting it sustaining damage from a suspected but ...Reuters
Wed, Mar 11
VEGOILS-Palm oil rises on better export data, softer ringgit, Chicago soyoil
JAKARTA, March 11 (Reuters) - Malaysian palm oil futures rose on Wednesday, supported by better export data and a softer ringgit, while tracking stronger rival soyoils in the Chicago market.The benchmark palm oil contract FCPOc3 for May delivery on the Bursa Malaysia Derivatives Exchange gained 24 r...Reuters
Wed, Mar 11
PRECIOUS-Gold edges higher as inflation jitters ease; key US data in focus
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 as inflation worries eased, while investors awaited a slew of U.S....Reuters
Wed, Mar 11
METALS-Aluminium holds high with Mideast supply disruption in focus
BEIJING, March 11 (Reuters) - Aluminium prices rebounded on Wednesday, as focus shifted back to the loss of global supply amid conflict in the Middle East following a brief sell-off triggered by U.S. President Donald Trump's remarks on the Iran war. The most-traded aluminium contract on t...Reuters
Wed, Mar 11
IEA proposes record oil release from strategic reserves — WSJ
The International Energy Agency (IEA) has proposed the largest release of oil reserves in its history in an effort to lower crude prices that have soared during the US-Israel conflict with Iran, the Wall Street Journal reported on Wednesday.Fxstreet
Wed, Mar 11
GRAINS-Chicago soybeans extend gains as stronger crude oil lifts crop markets
BEIJING, March 11 (Reuters) - Chicago soybeans climbed for a second consecutive session on Wednesday, tracking a stronger crude oil market as the U.S. and Israel continued their war on Iran, although ample global supplies capped gains.The most-active soybean contract on the Chicago Board of Trade (C...Reuters
Wed, Mar 11
Silver Price Forecast: XAG/USD consolidates below $89.00; bullish bias remains
Silver (XAG/USD) trades with a positive bias for the fourth straight day on Wednesday, though it lacks bullish conviction and remains below a one-week high set the previous day. The white metal currently trades just below the $89.00 mark, up nearly 2% for the day, and seems poised to climb further.
Fxstreet
Wed, Mar 11
