News
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Aramco posts drop in annual profit, announces first buyback
Aramco announces $3 billion share buyback amid volatile oil marketsNet income below estimates, 12th consecutive quarterly profit declineCEO warns of catastrophic consequences if Hormuz stays blockedBy Yousef Saba March 10 (Reuters) - Saudi Arabia's Aramco 2222.SE, the world's top oil expo...Reuters
Tue, Mar 10
PRECIOUS-Gold rises 1% on easing inflation worries, dollar at one-week low
Spot gold rises 1%Spot silver climbs to one-week highUS dollar falls 0.6% to a one-week lowOil prices fall over 7% after climbing to $120/bbl on MondayTrump predicts the war in the Middle East could be over soonBy Ishaan Arora March 10 (Reuters) - Gold rose 1% on Tuesday, as inflation fears reced...Reuters
Tue, Mar 10
Canada and US lift foot-and-mouth disease restrictions on Germany, says German agricultural ministry
March 10 (Reuters) - Canada and the U.S. have recognised Germany as free from foot-and-mouth disease (FMD) and lifted restrictions on imports of meat and dairy products from the country, the German agricultural ministry said on Tuesday.Both countries had introduced these measures after a FMD outbrea...Reuters
Tue, Mar 10
US ready to work with other countries to develop civil nuclear power, official says
PARIS, March 10 (Reuters) - The United States is ready to work with other countries to develop civil nuclear power to meet the globe's growing energy demand needs, including from data centres, Thomas DiNanno, the U.S. under secretary for arms control and international security, said on Tuesday a...Reuters
Tue, Mar 10
Asia Naphtha/Gasoline-Naphtha prices pare gains mirroring Brent
NEW DELHI, March 10 (Reuters) - Asia's naphtha prices eased on Tuesday as crude oil benchmarks pared some gains, although market remained widely backwardated at about $72 per ton amid several force majeures declared in the region due to constrained feedstock supplies from the Gulf.The refining m...Reuters
Tue, Mar 10
Aramco sees 'catastrophic consequences' for oil markets if Hormuz strait remains blocked
Aramco CEO: Hormuz disruption is the industry's "biggest crisis"Oil shipments from Gulf largely blockedAramco East-West pipeline to reach capacity in daysBy Yousef Saba and Maha El Dahan DUBAI, March 10 (Reuters) - Saudi Arabia's Aramco 2222.SE, the world's top oil exporter, s...Reuters
Tue, Mar 10
Trump, Putin talk of war and peace as US weighs easing Russian oil sanctions
Trump and Putin speak for first time this year US weighs easing Russian oil sanctions Putin says energy crisis has arrived Putin discusses ideas for Iran settlement with Trump By Guy Faulconbridge, Vladimir Soldatkin and Jarrett Renshaw MOSCOW, March 10 (Reuters) - U.S. President Donald Trump and...Reuters
Tue, Mar 10
GRAINS-Chicago grains slip as Trump's war comments cool oil prices
BEIJING/PARIS, March 10 (Reuters) - Chicago soybean, corn and wheat futures eased further from multi-year and multi-month highs on Tuesday, as U.S. President Donald Trump's prediction that the war with Iran could end soon sent crude oil tumbling.The most-active soybean contract on the Chicago Bo...Reuters
Tue, Mar 10
Decision to turn back on nuclear was a strategic mistake, EU's Von der Leyen says
PARIS, March 10 (Reuters) - The decision to reduce the share of nuclear energy in the electricity production mix in the European Union was a strategic mistake given that the bloc is neither an oil or gas producer, EU Commission President Ursula Von der Leyen said on Tuesday. "This reduction in t...Reuters
Tue, Mar 10
NORDIC POWER-Forward prices slip as European gas market declines
March 10 (Reuters) - Nordic forward power prices fell on Tuesday, tracking downturns in the European gas and German power markets, as U.S. President Donald Trump predicted a quick resolution to the Middle East conflict. Nordic front-quarter baseload power contract ENOFBLQc1 fell 2 euros, or 3.8%, to...Reuters
Tue, Mar 10
Kremlin says Putin's proposals on Iran are still on the table
MOSCOW, March 10 (Reuters) - Russian President Vladimir Putin has offered different options to mediate in the Iran conflict and these proposals are still on the table, the Kremlin said on Tuesday."From the very beginning of this situation, even before the military phase began, President Putin ha...Reuters
Tue, Mar 10
Egypt will not raise price of subsidised bread despite fuel prices hike, supply minister says
CAIRO, March 10 (Reuters) - Egypt will not raise price of heavily subsidised bread despite a hike in fuel prices of up to 17% announced on Tuesday, Supply Minister Sherif Farouk said in a statement.Egypt, one of the world's biggest wheat importers and a gas importer, said it would take precautio...Reuters
Tue, Mar 10
Exxon Mobil Seeks Shareholder Vote On Approval Of Redomiciliation From New Jersey To Texas
March 10 (Reuters) - Exxon Mobil Corp XOM.N:EXXONMOBIL: SEEKING SHAREHOLDER VOTE ON APPROVAL OF REDOMICILIATION OF EXXONMOBIL FROM NEW JERSEY TO TEXASEXXONMOBIL SAYS CEO D.W. WOODS 2025 TOTAL COMPENSATION WAS ABOUT $33 MILLION- SEC FILINGEXXONMOBIL: ANTICIPATE BOARD WILL CAUSE TEXAS REDOMICILIATION...Reuters
Tue, Mar 10
Gulf energy official says stopping the war is only way to reopen Hormuz
DUBAI, March 10 (Reuters) - A senior Gulf energy industry official said on Tuesday stopping the Iran war was the only option when asked if there were ways of getting oil and gas moving again through the Strait of Hormuz.The official spoke on condition of anonymity, given the sensitivity of the matte...Reuters
Tue, Mar 10
Kremlin says lifting of sanctions on Russian oil not discussed in detail with U.S.
MOSCOW, March 10 (Reuters) - The Kremlin said on Tuesday that the possibility of lifting U.S. sanctions on Russian oil had not been discussed in any detail with Washington but that U.S. actions were aimed at stabilising the energy markets.Reuters
Tue, Mar 10
