News
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CERAWEEK-India ONGC says focusing investment on Middle East, Africa, Latin America
HOUSTON, March 11 (Reuters) - India's Oil and Natural Gas Corporation is focusing its investments on the Middle East, Africa and Latin America, Rajarshi Gupta, the managing director of ONGC Videsh Limited, said on Tuesday at the CERAWeek conference in Houston.Reuters
Tue, Mar 11
CERAWEEK-Mexico to keep diverting heavy oil away from Gulf as refining ramps up, Pemex's PMI says
HOUSTON, March 11 (Reuters) - Mexico's state-run Pemex will continue to divert barrels of heavy crude away from the U.S. Gulf of Mexico as its new Olmeca refinery ramps up output to reach full capacity in the coming year, the head of the company's trading arm PMI, Margarita Perez, said on Tu...Reuters
Tue, Mar 11
Three killed in biggest Ukrainian drone attack on Moscow region
At least 91 drones downed around Moscow, 343 overall in RussiaThree killed by debris at meat warehouse, 17 others injured Largest Ukrainian drone attack on Russian capitalUkraine: drones hit oil facilities in Moscow and Oryol regionsBy Guy Faulconbridge and Anton Kolodyazhnyy MOSCOW, March 11 (Re...Reuters
Tue, Mar 11
CBOT Trends-Wheat down 4-5 cents, corn up 2-3 cents, soy up 3-5 cents
CHICAGO, March 11 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday.NOTE: The U.S. Department of Agriculture is slated to issue monthly supply/demand data at 11 a.m. CDT. WHEAT -...Reuters
Tue, Mar 11
REFILE-Kenya HIV patients live in fear as US aid freeze strands drugs in warehouse
US freeze has upended global medical supply chainsHIV exempted, but USAID payments system downAbout $10 million needed to distribute warehouse stockBy Aaron Ross, Tim Cocks and Vivianne Wandera NAIROBI, March 11 (Reuters) - The health clinic where Alice Okwirry collects her HIV medication in Keny...Reuters
Tue, Mar 11
Exxon group's eighth Guyana project to produce up to 1.5 bcfd of gas
GEORGETOWN, March 11 (Reuters) - The eighth energy project in Guyana of a consortium led by U.S. major Exxon Mobil XOM.N will produce up to 1.5 billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day on condensate through a floating production facility that will have capacity to...Reuters
Tue, Mar 11
PRECIOUS-Safe-haven gold firms on weaker dollar, growth concerns
Gold to remain supported amid uncertainties, analyst says Traders see Fed cutting rates in June Platinum, silver up over 1% By Ashitha Shivaprasad and Sarah Qureshi March 11 (Reuters) - Gold prices gained nearly 1% on Tuesday amid a weaker dollar and economic slowdown worries due to tariff wars, ...Reuters
Tue, Mar 11
Cargo ship involved in UK collision unlikely to remain afloat, UK minister says
LONDON, March 11 (Reuters) - The Solong container ship involved in Monday's collision off England's northeast coast is unlikely to remain afloat, British maritime minister Mike Kane said on Tuesday.The government's working assumption is that one sailor from the ship, which collided with ...Reuters
Tue, Mar 11
Cargo ship in UK collision still alight, says coastguard
LONDON, March 11 (Reuters) - The cargo ship involved in Monday's collision with a jet fuel tanker off England's northeast coast is still alight, Britain's coastguard said on Tuesday."The Solong (cargo ship) is still alight and the fire on board the Stena Immaculate has greatly dimini...Reuters
Tue, Mar 11
No evidence of foul play in UK ship collision, PM's spokesman says
LONDON, March 11 (Reuters) - No evidence of foul play has been found so far in Monday's collision between two ships off the coast of northeast England, British Prime Minister Keir Starmer's spokesman said on Tuesday."I understand that there doesn’t appear to be any suggestions of foul pl...Reuters
Tue, Mar 11
No sodium cyanide on board container ship in UK tanker crash, says owner
LONDON, March 11 (Reuters) - There was no sodium cyanide on board the container ship Solong which was involved in a collision off the East Yorkshire coast, the vessel's owners said on Tuesday."We are able to confirm that there are no containers on board ladened with sodium cyanide," Erns...Reuters
Tue, Mar 11
GRAINS-Soy steadies, corn holds firm with USDA data in focus
Tariffs add to interest in USDA world crop reportChinese demand a worry for U.S. soy marketBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, March 11 (Reuters) - Chicago soybeans steadied on Tuesday after a two-day fall while corn held at a one-week high as traders awaited a U.S. government crop...Reuters
Tue, Mar 11
NORDIC POWER-Forward quarter prices firm on cold, dry weather outlook
March 11 (Reuters) - Nordic forward-quarter prices rose on Tuesday, supported by colder and drier weather in the hydro-reliant region.* The Nordic front-quarter baseload power contract ENOFBLQc1 gained 0.5 euros to 20.85 euros per megawatt hour (MWh) as of 1126 GMT.* "Temperatures in the Nordic ...Reuters
Tue, Mar 11
ARC Resources to supply Exxon Mobil with LNG
March 11 (Reuters) - ARC Resources ARX.TO said on Tuesday it had entered into a long-term liquefied natural gas supply agreement with a unit of Exxon Mobil XOM.N.Global LNG demand has risen in recent years amid a shift toward cleaner energy, with the U.S. emerging as a major supplier to both Europe ...Reuters
Tue, Mar 11
Exxon group's eighth Guyana project to produce up to 1.5 bcfd of gas
GEORGETOWN, March 11 (Reuters) - The eighth energy project in Guyana of a consortium led by U.S. major Exxon Mobil XOM.N will produce up to 1.5 billion cubic feet per day (bcfd) of natural gas and 290,000 barrels per day on condensate through a floating production facility that will have capacity to...Reuters
Tue, Mar 11
RPT-COLUMN-Crude oil market share battle may be kicking off in Asia: Russell
By Clyde Russell LAUNCESTON, Australia, March 11 (Reuters) - A new scramble for crude oil market share in Asia may be kicking off as top exporters Saudi Arabia and Russia move to boost cargoes to the world's top importing region.China, the world's biggest oil importer, is emerging as grou...Reuters
Tue, Mar 11
Commerzbank Expects Brent Oil Price Of $70/bbl By End Of Second Quarter
March 11 (Reuters) - COMMERZBANK: EXPECTS BRENT OIL PRICE OF $70 PER BARREL BY END OF SECOND QUARTERFOR FOLLOWING QUARTERS, FORECASTS BRENT OIL PRICE OF $75, AS US SANCTIONS AGAINST IRAN SHOULD LEAD TO REDUCTION IN OIL SUPPLY...
Reuters
Tue, Mar 11
Spain to map out critical resources in raw material push
MADRID, March 11 (Reuters) - The Spanish government wants to map out the country's mineral resources with a particular focus on key raw materials as part of a broader plan unveiled on Tuesday to boost production and management of minerals key to the green transition.The move is part of the Europ...Reuters
Tue, Mar 11
Trump cuts target world-leading greenhouse gas observatory in Hawaii
Support office lease in savings drive spotlightMauna Loa data used for CO2 monitoring since 1950sNo immediate comment from Elon Musk's DOGE teamBy Gloria Dickie LONDON, March 11 (Reuters) - The Trump administration is considering cancelling the lease of the support office for a renowned Hawai...Reuters
Tue, Mar 11
