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TABLE-North Sea gas maintenance schedule: Adds Ormen Lange outage
March 9 (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.OPERATORLOCATIONOUTA...Reuters
Mon, Mar 9
TECHNICALS-CBOT corn may stabilize around $4.68 and resume its climb
SINGAPORE, March 9 (Reuters) - CBOT corn CK26 may stabilize around a support at $4.68 per bushel and retest a resistance at $4.75-1/4.A projection analysis on a wave C from $4.34 reveals this barrier - the 238.2% level. This wave is expected to eventually travel to the 261.8% level of $4.79-1/4.Base...Reuters
Mon, Mar 9
Governments scramble to limit fallout of Iran war as oil prices surge
Oil jumps 25% after key producers cut output, Iran taps new leaderS.Korea caps fuel price for first time in 30 yearsJapan weighs oil reserve release; no decision yetVietnam cuts fuel import tariffs, Bangladesh shuts universities SINGAPORE, March 9 (Reuters) - Governments in Asia are scramblin...Reuters
Mon, Mar 9
International Oil Prices Retreat Rapidly; G-7 to Discuss Emergency Oil Reserve Release
TradingKey - At noon on March 9 Beijing Time, after escalating geopolitical conflicts in the Middle East caused international crude oil prices to surge, the Group of Seven (G7) urgently activated a response mechanism, planning a coordinated release of oil reserves to stabilize prices. Following the news, international oil prices retreated from their highs, with WTI crude’s intraday gain narrowing to 14% and Brent crude’s intraday gain narrowing to 15%.
TradingKey
Mon, Mar 9
PRECIOUS-Gold prices fall as dollar firms, US rate-cut optimism fades
Dollar rises to over three-month highUS 10-year Treasury yields hit one-month highCrude oil prices rise about 20% Iran names Khamenei's hardline son Mojtaba as new supreme leaderBy Noel John March 9 (Reuters) - Gold fell on Monday, as a stronger U.S. dollar weighed on greenback-priced bullion...Reuters
Mon, Mar 9
G7 to discuss joint release of emergency oil reserves, FT reports
March 9 (Reuters) - The G7 finance ministers will discuss on Monday a joint release of oil from emergency reserves coordinated by the International Energy Agency, the Financial Times reported.Three G7 countries, including the U.S., have so far expressed support for the idea, the FT added.Reuters
Mon, Mar 9
TECHNICALS-CBOT soybeans may test resistance at $12.39-3/4
For more technical analyses, please click SINGAPORE, March 9 (Reuters) - The CBOT soybean May contract SK26 may test a resistance at $12.39-3/4 per bushel, a break above which could lead to a gain to $12.67-1/2.The contract is riding on a wave C from $10.50-1/2, the third wave of a three-wave cycle ...Reuters
Mon, Mar 9
Smoke rises from Bahrain's Bapco oil refinery after Iranian drone attack
March 9 (Reuters) - Thick smoke was seen rising from the direction of the Bapco oil refinery in Bahrain on Monday, a witness said. Smoke surrounded the refinery after the government earlier said injuries and damage were sustained in the Sitra area as a result of an Iranian drone attack, the witness ...Reuters
Mon, Mar 9
Japan should use nuclear plants to offset Iran crisis, opposition party head says
By Kantaro Komiya and Katya Golubkova TOKYO, March 9 (Reuters) - Japan should operate all of its available nuclear power plants to offset the impact of the Iran war on electricity bills, Yuichiro Tamaki, the leader of a Japanese opposition party, said on Monday.Japan relies on the Middle East fo...Reuters
Mon, Mar 9
Oil soars 25%, gold drops as Iran war jolts global commodity markets
Brent up 25%, on track for biggest one-day gain everGold prices drop over 2% on firmer dollar, US rate outlookMalaysian palm oil jumps 9%; CBOT, China soybean oil rallyAluminium rises on supply disruptions; copper, tin declineBy Naveen Thukral SINGAPORE, March 9 (Reuters) - Oil prices surged arou...Reuters
Mon, Mar 9
Crude Oil Soars Nearly 30%, Approaching $120 a Barrel
TradingKey - Oil prices surged early on March 9 Beijing time (late March 8 GMT), swinging sharply at elevated levels. Brent crude fluctuated between $106 and $117 a barrel, extending the previous day’s rally with heavy trading volume and reaching its highest range since 2022.TradingKey
Mon, Mar 9
PRECIOUS-Gold prices fall on firmer dollar, dimming rate-cut hopes
Dollar rises to over three-month highUS 10-year Treasury yields hit one-month highCrude oil prices rise over 20% Iran names Khamenei's hardline son Mojtaba as new supreme leaderBy Noel John March 9 (Reuters) - Gold fell about 2% on Monday, as a stronger U.S. dollar weighed on the greenback-pr...Reuters
Mon, Mar 9
South Korea to impose fuel price cap to shield economy from energy shock, president says
SEOUL, March 9 (Reuters) - South Korean President Lee Jae Myung said on Monday that authorities would cap domestic fuel prices for the first time in nearly 30 years to contain a spike in prices after the conflict in the Middle East sent global crude prices sharply higher.Speaking at an emergency cab...Reuters
Mon, Mar 9
INSTANT VIEW-Oil surges 20% as Iran war fuels supply fears
SINGAPORE, March 9 (Reuters) - Oil prices surged about 20% in early trade on Monday, hitting their highest since July 2022, as the expanding U.S.-Israeli war with Iran led some major Middle East oil producers to cut supplies and on concerns of prolonged disruption to shipping through the Strait of H...Reuters
Mon, Mar 9
