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Investors bet Iran war will boost Chinese renewables demand
By Samuel Shen and Jiaxing LiSHANGHAI/HONG KONG, March 24 (Reuters) - Investors are rushing into Chinese renewable stocks, betting the oil shock triggered by the Iran war will boost global demand for green energy, a sector China dominates.Such a portfolio trend in Asia, spurred by heightened worries...Reuters
Tue, Mar 24
VEGOILS-Palm in tight range as geopolitical tensions, mixed oils weigh
KUALA LUMPUR, March 24 (Reuters) - Malaysian palm oil futures traded in a tight range on Tuesday, resuming after a long Eid holiday break, with rival edible oils on the Dalian and Chicago exchanges diverging and the Middle East war keeping traders cautious. The benchmark palm oil contract FCPOc3 ...Reuters
Tue, Mar 24
PRESS DIGEST-New York Times business news - March 24
March 24 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- The Trump administration said that it intended to create a consortium to invest over $1 trillion into energy projects, minerals ...Reuters
Tue, Mar 24
INSIGHT-China is mapping the ocean floor as it prepares for submarine warfare with the U.S.
Vast ocean surveying and monitoring effort gives China picture of marine environmentData collected by vessels would be crucial in a submarine battle, naval experts say'Transparent ocean' sensor network tracks undersea conditions in strategic watersBy Pete Mckenzie SYDNEY, March 24 (Reuter...Reuters
Tue, Mar 24
US to continue Iran strikes, pause applies only to energy sites, Semafor reports
March 24 (Reuters) - The United States will continue its strikes on Iran, with the pause applying only to attacks on Tehran's energy sites, Semafor reported on Monday, citing a U.S. official, during what President Donald Trump has described as "productive" talks with unidentified Iranian...Reuters
Tue, Mar 24
India File: War and a searing summer test coal readiness
March 24 - By Nidhi C Sai, Editor Online Production, with global Reuters staffIndia is bracing for a torrid summer just as the Middle East conflict upends global fuel flows, forcing New Delhi to try every trick in the book to meet peak demand for electricity. That includes accelerating coal power ge...Reuters
Tue, Mar 24
Valero shutting Port Arthur, Texas, oil refinery after blast, say sources
HOUSTON, March 23 (Reuters) - Valero Energy Corp VLO.N shut its 380,000 barrel-per-day (bpd) Port Arthur, Texas, oil refinery on Monday night following an explosion and fire at a diesel hydrotreater unit, said people familiar with plant operations. The Monday night explosion at the 47,000-bpd 243 di...Reuters
Tue, Mar 24
METALS-Copper falls after Iran denies talks with US
March 24 (Reuters) - London copper slipped on Tuesday, giving back part of the previous session’s relief rally, after oil rebounded on news that Iran denied any talks with the U.S. to bring the Middle East war to a close.The benchmark three-month copper contract CMCU3 on the London Metal Exchange fe...Reuters
Tue, Mar 24
Gold Loses Over 1% as Dollar Firms, Fed Cut Hopes Fade
Iran denies talks with USTrump postpones strikes on Iranian power gridOil remains above $100 a barrelSilver, Platinum and Palladium down over 2%By Noel John March 24 (Reuters) - Gold prices fell more than 1% on Tuesday, extending their slide to a tenth straight session, pressured by a firm U.S. d...Reuters
Tue, Mar 24
GRAINS-Chicago soybeans gain as investors weigh impact of US-Iran war
BEIJING, March 24 (Reuters) - Chicago soybean futures rose on Tuesday as U.S. President Donald Trump's announcement of a delay to possible strikes against Iranian power plants roiled financial markets.The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was up 0.2% at $11.65...Reuters
Tue, Mar 24
RPT-Iranian oil is offered to India at premium to Brent, sources say
Indian refiners are keen to buy Iranian oil and LPG to meet supply gapTraders seek payments in dollars or rupeesIndia has not bought Iranian crude since 2019By Nidhi Verma and Siyi Liu NEW DELHI/SINGAPORE, March 23 (Reuters) - Traders have offered Iranian oil to Indian refiners at a premium to IC...Reuters
Tue, Mar 24
GRAINS-Chicago soybeans gain as investors weigh impact of US-Iran war
BEIJING, March 24 (Reuters) - Chicago soybean futures rose on Tuesday as U.S. President Donald Trump's announcement of a delay to possible strikes against Iranian power plants roiled financial markets.Wheat and corn futures also edged higher. FUNDAMENTALSThe most-active soybean contract on ...Reuters
Tue, Mar 24
Valero's Port Arthur, Texas, refinery, hit by fire, local media reports
March 23 (Reuters) - A fire hit Valero's VLO.N 380,000 barrel-per-day Port Arthur, Texas, refinery late on Monday, local media reported.Sheriff Zena Stephens said there are no reported injuries and the explosion was likely caused by an industrial heater, CBS affiliate KFDM reported. Valero did n...Reuters
Tue, Mar 24
Silver Price Forecast: XAG/USD weakens to $66.50, bears retain control below 100-day SMA
Silver (XAG/USD) struggles to capitalize on the previous day's solid recovery move from the $61.00 mark, or its lowest level since December 12, and meets with a fresh supply during the Asian session on Tuesday.
Fxstreet
Tue, Mar 24
Oil Rises as Markets Assess Supply Risks After Iran Denies Us Talks
Oil prices rose in early trade on Tuesday on supply fears, as Iran denied it had held talks with the United States to end the war in the Gulf, contradicting President Donald Trump, who said a deal could be reached soon.Reuters
Tue, Mar 24
Wti Rises Back Above Mid-$90.00s Amid Middle East Tensions and Supply Risks
West Texas Intermediate (WTI) Crude Oil prices gain traction in Asian trading Tuesday, building on Monday’s rebound from the $84.00 mark, a near two-week low. The commodity climbs above the mid-$90.00s, supported by supply fears.
Fxstreet
Tue, Mar 24
South Korea's Lee calls for energy saving campaign including curbs on cars
SEOUL, March 24 (Reuters) - South Korean President Lee Jae Myung called on the country on Tuesday to join an energy saving campaign in response to concerns about oil and gas supply because of the Iran war, and said public institutions will cut back operating passenger cars.Speaking at a cabinet meet...Reuters
Tue, Mar 24
Itochu, US firm to set up Japan JV in electronics recycling
TOKYO, March 24 (Reuters) - Japanese trading house Itochu 8001.T said on Tuesday it has agreed to form a capital and business alliance with U.S. Electronic Recyclers International, which operates an electronic equipment recycling business in the United States.The companies will establish a joint ven...Reuters
Tue, Mar 24
