News
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EU's Costa, von der Leyen talk to Middle Eastern leaders on Monday, spokesperson says
BRUSSELS, March 6 (Reuters) - EU leaders Antonio Costa and Ursula von der Leyen will hold a video conference with Middle Eastern leaders on Monday to discuss the situation in the region, a spokesperson for Costa said on Friday."This exchange will provide an opportunity to hear leaders' asses...Reuters
Fri, Mar 6
US natgas futures up 3% to 3-week high with increased demand and Iran tension
U.S. natural gas futures rise on increased demand forecastsQatar LNG production halt impacts global prices, not U.S. exportsMild weather keeps U.S. gas storage levels below normalBy Scott DiSavino NEW YORK, March 6 (Reuters) - U.S. natural gas futures climbed about 3% to a three-week high on Frid...Reuters
Fri, Mar 6
Total evacuated its expatriate personnel from projects in Iraq's Basra, sources say
By Aref Mohammed and Hadeel Al SayeghBASRA, March 6 (Reuters) - French oil major TotalEnergies evacuated its expatriate personnel from projects in Iraq's Basra on Thursday, Iraqi oil sources said on Friday.The move came after Iranian strikes in the region following the start of the U.S. and Isra...Reuters
Fri, Mar 6
Canada has chartered flight to evacuate 180 people from Dubai
OTTAWA, March 6 (Reuters) - Canada has chartered a flight to take 180 Canadians from Dubai to Istanbul, Foreign Minister Anita Anand told reporters on Friday, saying around 3,500 citizens had asked for help in leaving the Middle East.Reuters
Fri, Mar 6
CORRECTED-Total evacuated its expatriate personnel from projects in Iraq's Basra - sources
By Aref Mohammed and Hadeel Al SayeghBASRA, March 6 (Reuters) - French oil major TotalEnergies evacuated its expatriate personnel from projects in Iraq's Basra on Thursday, Iraqi oil sources said on Friday.The move came after Iranian strikes in the region following the start of the U.S. and Isra...Reuters
Fri, Mar 6
BP trims board as part of chairman Manifold's reset plan
BP plans slimmer board as part of reset strategyFormer Shell CFO Simon Henry to exit boardBy Stephanie Kelly LONDON, March 6 (Reuters) - BP BP.L Chairman Albert Manifold on Friday announced plans for a slimmer board as part of the British oil company's reset strategy, with former Shell chief ...Reuters
Fri, Mar 6
Kuwait has begun cutting production at some oil fields, WSJ reports
March 6 (Reuters) - Kuwait has begun cutting production at some oil fields after running out of room to store its bottled-up crude, the Wall Street Journal reported on Friday, citing people familiar with the matter. The country, which is a founding member of the Organization of the Petroleum Exporti...Reuters
Fri, Mar 6
United Airlines warns fuel cost spike after Iran strike to hit quarterly results, CNBC reports
March 6 (Reuters) - United Airlines UAL.O CEO Scott Kirby told CNBC on Friday that surging fuel prices following the U.S. and Israel's strike on Iran will have a "meaningful" hit on the carrier's first-quarter results, though travel demand remains resilient.Jet fuel prices have jumpe...Reuters
Fri, Mar 6
Tug hit by unknown projectiles in Strait of Hormuz, UKMTO says
March 6 (Reuters) - The United Kingdom Maritime Trade Operations (UKMTO) said it had received a report of an incident 6 nautical miles north of Oman in the Strait of Hormuz.A third-party source reported a tug being hit by unknown projectiles in the strait, UKMTO said.Reuters
Fri, Mar 6
Private jets emerge as alternative way out of the Gulf as Iran conflict intensifies
By Abir Ahmar and Federico Maccioni DUBAI, March 6 (Reuters) - When Samuel Lait launched his private flights firm focused on pet travel in Dubai on Saturday, he was expecting to receive queries from owners looking to travel with their pets between the glitzy Gulf hub and the United Kingdom.Instea...Reuters
Fri, Mar 6
Hungary's MOL says capacity tests on Adria pipeline to start on March 11
BUDAPEST, March 6 (Reuters) - Hungary's energy company MOL MOLB.BU said capacity tests on the Adria pipeline carrying oil from Croatia to Hungary will start on March 11 and last 10 months, the company said in a statement on Friday. "The full test series will be carried out with the involve...Reuters
Fri, Mar 6
GRAINS-Soybeans extend gains with crude oil as war worries grow
Soybeans at highest since 2024 like crude oilWheat climbs to near 1-year peak on short-coveringFears of war fallout offset higher dollar, big grain suppliesBy Naveen Thukral and Gus Trompiz SINGAPORE/PARIS, March 6 (Reuters) - Chicago soybeans rose on Friday to their highest since June 2024, trac...Reuters
Fri, Mar 6
US Navy to escort ships when reasonable, US energy secretary tells Fox
WASHINGTON, March 6 (Reuters) - The U.S. Navy will escort ships as soon as reasonable, U.S. Energy Secretary Chris Wright said on Friday in an interview on Fox News, as the conflict in the Middle East kept shipping and energy exports through the vital Strait of Hormuz halted.Wright also said America...Reuters
Fri, Mar 6
Italy’s Eni begins foreign staff evacuation from Iraq Zubair Oilfield - sources
BAGHDAD, March 6 (Reuters) - Italy's Eni ENI.MI has begun evacuating all foreign personnel from Iraq's Zubair oilfield in Basra, three Iraqi oil sources said on Friday, amid Iranian retaliatory strikes in the region.The evacuation of foreign staff will not affect production operations at the...Reuters
Fri, Mar 6
Gold: Safe haven role reassessed on rate repricing – BNY
BNY’s Head of Markets Macro Strategy Bob Savage reports that Gold is set for its first weekly loss in five weeks as rate expectations shift toward hikes in Europe and fewer cuts from the FOMC. A stronger Dollar and use of Gold as a liquidity source weigh on prices.Fxstreet
Fri, Mar 6
Private jets emerge as alternative way out of the Gulf as Iran conflict intensifies
By Abir Ahmar and Federico MaccioniDUBAI, March 6 (Reuters) - When Samuel Lait launched his private flights firm focused on pet travel in Dubai on Saturday, he was expecting to receive queries from owners looking to travel with their pets between the glitzy Gulf hub and the United Kingdom.Instead, P...Reuters
Fri, Mar 6
Indian refiners seek legal view to buy sanctioned Russian oil under US waiver
Indian refiners have bought at least 20 million bbl of non-sanctioned Russian oilRefiners seek legal view to avoid trade complexitiesIndia may take more steps to secure fuel suppliesBy Nidhi Verma NEW DELHI, March 6 (Reuters) - Indian refiners are seeking a legal opinion on how they can purchase ...Reuters
Fri, Mar 6
