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After official hails mining potential, US allows some transactions of Venezuelan gold
U.S. issued license authorizing certain transactions involving Venezuelan-origin goldU.S. Interior Secretary wrapped Venezuela visit on ThursdayTransactions with state-owned mining outfit Minerven and its subsidiaries allowed March 6 (Reuters) - The United States on Friday issued a license au...Reuters
Fri, Mar 6
US drillers add oil, gas rigs for first time in four weeks, Baker Hughes says
Rig count rises by one to 551, still 7% below last yearOil rigs increase, gas rigs decrease, regional variations notedEIA projects stable crude output, rising gas output amid price fluctuationsBy Scott DiSavino NEW YORK, March 6 (Reuters) - U.S. energy firms this week added oil and natural gas ri...Reuters
Fri, Mar 6
US to insure maritime losses in Gulf up to about $20 bln, development agency says
WASHINGTON, March 6 (Reuters) - The U.S. will provide reinsurance for losses up to $20 billion in the Gulf region, to help provide confidence for oil and gas shippers during the war on Iran, the U.S. International Development Finance Corporation said on Friday.Reuters
Fri, Mar 6
Brazil superintendence of regulator CADE approves IG4-Novonor deal for Braskem
SAO PAULO, March 6 (Reuters) - The general superintendence of Brazil's antitrust watchdog CADE approved on Friday the agreement for private equity firm IG4 Capital to buy a controlling stake in petrochemical firm Braskem BRKM5.SA from conglomerate Novonor, a regulatory document showed.The agreem...Reuters
Fri, Mar 6
EXCLUSIVE-US pressing Sri Lanka not to repatriate Iranian crew and survivors from sunken ship, memo says
Dozens killed on Wednesday when US sank IRIS Dena warship Auxiliary vessel Booshehr escorted to Sri Lankan harbor US says Sri Lanka should minimize Iranian propaganda effortsBy Humeyra Pamuk WASHINGTON, March 6 (Reuters) - The United States is pressing Sri Lanka's government not to repatriate...Reuters
Fri, Mar 6
US drillers add oil, gas rigs for first time in four weeks, Baker Hughes says
By Scott DiSavinoNEW YORK, March 6 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for the first time in four weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.Reuters
Fri, Mar 6
GRAINS-Soybeans hit contract high on crude oil rally as war worries grow
Soybeans at highest since 2024, following crude oil rallyWheat climbs to near 1-year peak on short-coveringFears of war fallout offset higher dollar, big grain suppliesBy Heather Schlitz CHICAGO, March 6 (Reuters) - Chicago soybeans rose on Friday to their highest since June 2024, tracking furthe...Reuters
Fri, Mar 6
South32 says U.S. Forest Service issues draft approval for Hermosa mine expansion
March 6 (Reuters) - Australian miner South32 S32.AX said on Friday the U.S. Forest Service has issued a draft decision that would allow its Hermosa mine project in Arizona to expand from private land onto federal land.The agency released a draft Record of Decision and a final Environmental Impact St...Reuters
Fri, Mar 6
Brazil superintendency of regulator CADE approves IG4-Novonor deal for Braskem
SAO PAULO, March 6 (Reuters) - The general superintendency of Brazil's antitrust watchdog CADE approved on Friday the agreement for private equity firm IG4 Capital to buy a controlling stake in petrochemical firm Braskem BRKM5.SA from conglomerate Novonor, a regulatory document showed.The agreem...Reuters
Fri, Mar 6
Gold price surges after weak US payrolls shake US Dollar
Gold price (XAU/USD) rallies on Friday during the North American session, boosted by a weaker-than-expected US jobs report and a risk-off market mood amid the Middle East conflict. At the time of writing, XAU/USD trades near $5,140, up more than 1%.
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Fri, Mar 6
EU wheat rallies with crude oil as Mideast war rattles investors
PARIS, March 6 (Reuters) - Euronext wheat futures climbed to their highest since August on Friday, supported by another surge in oil prices as investors fretted over disruption from the Middle East conflict, traders said. May milling wheat BL2K6 on Euronext was up 2.7% at 207.50 euros ($240.66) ...Reuters
Fri, Mar 6
ROI-Rip up the glut forecasts - Mideast oil shock signals supply crunch: Bousso
By Ron Bousso LONDON, March 6 (Reuters) - The sudden and acute disruption to Middle East oil supplies caused by the U.S.-Israeli war with Iran is forcing buyers to tap every available barrel, rapidly dismantling forecasts of an oil glut this year.In February, the International Energy Agency forec...Reuters
Fri, Mar 6
Ghana looks to shift artisanal gold refining amid Dubai flight disruptions, say sources
Ghana's artisanal gold sector depends on refining in the UAEChina and India are among potential alternative destinationsASM gold is a crucial source of foreign currency for AfricaThe situation creates a chance to challenge illicit gold flows, LBMA saysBy Maxwell Akalaare Adombila and Polina Devi...Reuters
Fri, Mar 6
Russia gets export boost from Iran war as price of oil to India surges
Russian oil delivered to Indian ports trades at premium to Brent benchmark for first timeUS grants India a 30-day waiver to buy Russian oilRussia draws short-term financial benefit from war in IranBy Vladimir Soldatkin and Dmitry Antonov MOSCOW, March 6 (Reuters) - The war in Iran has fuelled a s...Reuters
Fri, Mar 6
US Cash Grains-Soy, corn basis bids mostly steady at Midwest processors, elevators
CHICAGO, March 6 (Reuters) - Basis bids for corn and soybeans were mostly steady at elevators, processors, ethanol plants and river terminals in a spot check of locations on Friday. Basis bids for soybeans weakened at some locations on Thursday as farmers sold crops. Farmer sales picked up as future...Reuters
Fri, Mar 6
South Bow moves to revive parts of Keystone XL with binding shipper commitments (March 5)
March 5 (Reuters) - Canadian pipeline operator South Bow SOBO.TO said on Thursday it has launched a formal open season seeking binding long-term shipping commitments for a revival of part of the Keystone XL oil pipeline, a move that could boost Canada's crude exports to the United States by more...Reuters
Fri, Mar 6
BP seeks at least $3.7 billion from Venture Global arbitration, filing says
BP seeks damages of $3.7 billion to over $6 billion, Venture Global saysSays BP's claims are "unserious and not supported by evidence"BP won arbitration over Venture Global's LNG delivery failure in October LONDON, March 6 (Reuters) - BP BP.L is seeking at least $3.7 billion from ...Reuters
Fri, Mar 6
