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Med crude-Urals diffs soften on rising freight costs to Asia
MOSCOW, March 10 (Reuters) - Urals crude differentials to dated Brent widened on rising shipping costs for the grade to Asia, according to Reuters calculations on Tuesday. Traders said Russian sellers face sharply higher costs, as several vessels were fixed at around $22-23 million from Russia's...Reuters
Tue, Mar 10
ANALYSIS-Rising gas prices from Iran war imperil Trump's Republican majority in Congress
Republicans fear gas price hikes threaten their congressional majorityTrump's Iran war complicates his promise to lower living costsDemocrats focus on affordability in campaigns amid rising gas pricesBy Joseph Ax and David Morgan March 10 (Reuters) - Minutes into Donald Trump's State of t...Reuters
Tue, Mar 10
WTI swings sharply as US-Iran tensions and tanker escort reports fuel uncertainty
West Texas Intermediate (WTI) remains volatile on Tuesday, with sharp two-way swings as traders continue to assess the evolving geopolitical situation in the Middle East and its impact on global energy markets.
Fxstreet
Tue, Mar 10
UAE oil giant ADNOC shuts Ruwais refinery after drone strike, source says
Authorities respond to fire at Ruwais facility, no injuriesADNOC's Ruwais Refinery 2 shut, safety shutdown planned -IIR Ruwais Refinery 1 operations reduced earlier due to conflictBy Yousef Saba and Ahmad Ghaddar March 10 (Reuters) - Abu Dhabi state oil giant ADNOC has shut its Ruwais refine...Reuters
Tue, Mar 10
Europe Gasoline/Naphtha-Gasoline refining margins rise on lower crude futures
LONDON, March 10 (Reuters) - Northwest European gasoline refinery profit margins rose by more than $2 to about $7.98 a barrel on Tuesday, amid a sharp fall in underlying crude prices.About 14,000 metric tons of E5 gasoline barges traded in the Argus window, with ExxonMobil and Sahara selling to Traf...Reuters
Tue, Mar 10
GRAINS-Corn, wheat drop as crude oil prices dive; soybeans flat
Corn and wheat futures fall amid profit-takingSoybeans steady amid U.S.-China trade talk hopesUSDA report has minimal market impact, focus shifts to supply-demand fundamentalsBy Karl Plume CHICAGO, March 10 (Reuters) - U.S. corn and wheat futures fell for a second straight session on Tuesday as t...Reuters
Tue, Mar 10
EU wheat falls as oil plunge weighs on grain markets
PARIS, March 10 (Reuters) - European wheat futures fell on Tuesday, pressured by a plunge in crude oil prices after U.S. President Donald Trump predicted that the war with Iran could end soon.With traders focused on fluctuations in oil prices O/R and possible repercussions on grain trade, there was ...Reuters
Tue, Mar 10
North Sea Crude -Grades drop sharply as Middle East fears ease
LONDON, March 10 (Reuters) - North Sea crude differentials dropped sharply on Tuesday as U.S. President Donald Trump's prediction the war in the Middle East could end soon pressured the wider oil market. PLATTS WINDOWIndications are free on board (FOB) unless marked as cost, insurance and f...Reuters
Tue, Mar 10
PRECIOUS-Gold gains nearly 2% on softer dollar, cooling inflation concerns
Oil sinks after hitting over three-year high Spot silver, platinum gain more than 2% Dubai gold trades at discount to London amid flight disruptionsBy Ashitha Shivaprasad March 10 (Reuters) - Gold rose nearly 2% on Tuesday, buoyed by a softer dollar and easing inflation concerns as oil prices pul...Reuters
Tue, Mar 10
Brent to trade above $95 for next two months on Iran war, EIA says
By Georgina McCartney, Arathy Somasekhar and Siddharth Cavale HOUSTON, March 10 (Reuters) - Brent oil prices are set to trade above $95 a barrel over the next two months as the Iran war disrupts supplies, before falling to around $70 by the end of the year, the Energy Information Administration s...Reuters
Tue, Mar 10
METALS-Aluminium firms as focus moves back onto tight supplies
March 10 (Reuters) - Aluminium shrugged off an early dip to trade higher on Tuesday, as investors focused on tight supplies of the metal due to disruption in the war-hit Middle East.Benchmark three-month aluminium CMAL3 on the London Metal Exchange was up 7% to $3,407.50 per metric ton as of 1700 GM...Reuters
Tue, Mar 10
Another tanker with Iranian oil sails through Hormuz, ship trackers show
LONDON, March 10 (Reuters) - A supertanker with two million barrels of Iranian oil onboard sailed through the Strait of Hormuz in the past day, adding to at least five other vessels shipping oil to Asia since February 28, data from ship trackers showed on Tuesday.Analysis from Lloyd’s List Intellige...Reuters
Tue, Mar 10
Despite Trump push, New York opposes reopening Indian Point nuclear power plant
Indian Point nuclear power plant shut in 2021Data center power demand is reviving interest in nuclear energyNew York governor wants new nuclear plants in upstate New York, farther from cityBy Laila Kearney and Timothy GardnerNEW YORK, March 10 (Reuters) - New York Governor Kathy Hochul opposes the T...Reuters
Tue, Mar 10
EDF creates advisory board to facilitate financing of nuclear projects
March 10 (Reuters) - French state-owned electric utility company EDF has created an advisory board to facilitate financing of global nuclear projects, it said on Tuesday as part of the 2026 World Nuclear Energy Summit in Paris.EDF operates the world's largest nuclear power plant fleet and constr...Reuters
Tue, Mar 10
REFILE-CORRECTED-Southeast Asian refineries curb output as war-tightened crude supply bites
Malaysia's Prefchem shuts 300,000 bpd crude unit, sources saySingapore Refining Co cuts runs at Jurong site, sources sayExxonMobil's Jurong refinery in Singapore trim runs, sources sayBy Trixie Yap SINGAPORE, March 10 (Reuters) - A growing number of refineries in Southeast Asia, which are...Reuters
Tue, Mar 10
Boeing Says Expect Some Near-Term Delivery Delays That May Affect Deliveries Of 737 Max In Q1
March 10 (Reuters) - Boeing Co BA.N:BOEING: 737 PROGRAM IS PERFORMING REWORK ON A GROUP OF AIRPLANES TO FIX WIRES THAT HAVE SMALL SCRATCHES DUE TO A MACHINING ERRORBOEING: PRODUCTION OF NEW 737 MAX AIRPLANES CONTINUES AT EXISTING RATEBOEING: EXPECT SOME NEAR-TERM DELIVERY DELAYS THAT MAY AFFECT OUR ...Reuters
Tue, Mar 10
Spain's LNG imports rise almost 20% from last year, with US as main supplier
March 10 (Reuters) - Liquefied natural gas from the United States made up 33.8% of Spain's total gas imports in February, as the country's gas imports rose almost 20% from the same month last year, data showed on Tuesday.The U.S. has become Europe's dominant supplier of LNG as the region...Reuters
Tue, Mar 10
Yearly US crude oil exports decreased in 2025 for first time since 2021, EIA says
March 10 (Reuters) - U.S. crude oil exports decreased 3% in 2025 from 2024, the first annual decrease since 2021, the U.S. Energy Information Administration said on Tuesday. The U.S. exported 4.0 million barrels per day of crude oil, 85 times as much as in 2011, but slightly less than in 2023...Reuters
Tue, Mar 10
Saudi Red Sea oil exports to hit record high in March, shipping data shows
Yanbu loadings rise to 2.2 million bpd, could reach 4 million bpdSaudi used to export 6 million bpd via HormuzProduction cuts spread across Middle EastBy Ahmad Ghaddar and Nerijus Adomaitis LONDON/OSLO, March 10 (Reuters) - Saudi Arabia's oil shipments via the Red Sea are on course to hit re...Reuters
Tue, Mar 10
