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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
PRECIOUS-Gold rose after US payrolls report, but heads for first weekly fall in five
Israel strikes Hezbollah-controlled suburbs of BeirutUS dollar set for its strongest weekly rise in over a yearSilver, platinum, palladium head for weekly lossesBy Anmol Choubey March 6 (Reuters) - Gold rose on Friday after softer U.S. payrolls data kept hopes of a Federal Reserve rate cut alive,...Reuters
Fri, Mar 6
World Bank backs South Africa's infrastructure rollout with $350 million funding
JOHANNESBURG, March 6 (Reuters) - The World Bank has agreed to give South Africa $350 million of financing for a new credit guarantee facility that is meant to unlock private financing for infrastructure including an expansion of the power transmission grid.The World Bank said in a statement dated M...Reuters
Fri, Mar 6
Overseas votes in Denmark election may not arrive in time due to Middle East turmoil, government says
STOCKHOLM, March 6 (Reuters) - Denmark's government said on Friday that the ongoing turmoil in the Middle East may prevent some overseas votes in the country's March 24 general election from arriving in time to be counted.Global air travel remains severely disrupted after the war in Iran for...Reuters
Fri, Mar 6
Saudi led OPEC oil output jump ahead of Iran strikes, Reuters survey finds
OPEC February output up 530,000 to 28.87 million bpdSaudi led with 250,000 bpd increaseEight OPEC+ producers had pledged to keep output steady By Alex Lawler LONDON, March 6 (Reuters) - Saudi Arabia led a big increase in OPEC oil output in the month ahead of U.S. and Israeli strikes on Iran, a R...Reuters
Fri, Mar 6
United Airlines sees hit to results on fuel cost spike from Iran conflict
March 6 (Reuters) - United Airlines UAL.O CEO Scott Kirby said on Friday he expects a "meaningful" hit to the carrier's first-quarter results from surging fuel prices following the deepening war in Iran, even as travel demand remains resilient.If the conflict prolongs, the airline could ...Reuters
Fri, Mar 6
BP seeks award of at least $3.7 billion from Venture Global arbitration win, Venture Global filing says
LONDON, March 6 (Reuters) - BP BP.L is seeking an award of at least $3.7 billion from its arbitration win against Venture Global in a case concerning liquefied natural gas cargoes, according to Venture Global's annual report released earlier this week. The remedies sought by BP include damages r...Reuters
Fri, Mar 6
Gulf disruption squeezes Indonesia nickel makers' sulphur supply
Middle East accounts for almost a quarter of global sulphur productionIndonesia imports around 75% of its sulphur from Middle EastDRC imported about 1.3-1.4 mln T of sulphur last year from Middle EastBy Dylan Duan, Pratima Desai and Tom Daly SHANGHAI/LONDON, March 6 (Reuters) - Nickel makers in...Reuters
Fri, Mar 6
GLOBAL LNG-Asia spot LNG prices at 3-year high as U.S.-Iran crisis prompts Qatari supply halt
Qatari supply halt causes Asia LNG prices to surgeU.S.-Iran conflict disrupts Hormuz, affecting LNG supplyEurope struggles to compete with Asia for U.S. LNG cargoesQatari Energy Minister expects gas prices to rise to $40/mmBtuBy Marwa Rashad LONDON, March 6 - Asia spot liquefied natural gas price...Reuters
Fri, Mar 6
US Treasury oil futures plan under consideration, but no immediate announcement, administration official says
March 6 (Reuters) - The U.S. Treasury’s plan to address rising energy prices in the wake of the Iran conflict, including potential measures involving the oil futures market, remains under consideration but there is no immediate plan to announce anything for now, an administration official said o...Reuters
Fri, Mar 6
US military looking at plan to get ships through Strait of Hormuz, White House says
WASHINGTON, March 6 (Reuters) - The U.S. military is putting together a plan to get ships moving through the Strait of Hormuz, White House economic adviser Kevin Hassett told CNBC and Bloomberg Television on Friday, but declined to give any details on timing.Reuters
Fri, Mar 6
Canada booking flights to get 530 citizens out of Middle East
OTTAWA, March 6 (Reuters) - Canada is organizing flights to get up to 530 citizens out of the Middle East, and around 3,000 more have asked for help in evacuating during the Iran crisis, Foreign Minister Anita Anand said on Friday.Ottawa has chartered a flight to take 180 Canadians from Dubai to Ist...Reuters
Fri, Mar 6
CBOT Trends-Wheat up 15-18 cents, corn up 3-6 cents, soy up 7-11 cents
CHICAGO, March 6 (Reuters) - The 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. CST (1430 GMT) on Friday: WHEAT - Up 15 to 18 cents per bushelWheat surged towards a one-year high, with fears of an escalating Middle E...Reuters
Fri, Mar 6
PRECIOUS-Gold edges up after US payrolls report, but heads for first weekly fall in five
Israel strikes Hezbollah-controlled suburbs of BeirutUS dollar set for its strongest weekly rise in over a yearSilver, platinum, palladium head for weekly lossesBy Anmol Choubey March 6 (Reuters) - Gold edged up on Friday after softer U.S. payrolls data kept hopes for a Federal Reserve interest r...Reuters
Fri, Mar 6
