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US drillers cut oil and gas rigs for second week in a row, says Baker Hughes
NEW YORK, April 17 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since March, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.Reuters
Fri, Apr 17
Ships crossing Hormuz need OK from IRGC, unfreezing funds part of deal, Iran official says
Strait open subject to checks by IRGC, Iran official saysTrump on Truth Social relays Iran announcement of reopeningReleasing Iran funds frozen by US sanctions part of deal, Iran official saysUS Navy says status on mines risk unclearStatus of shipping lanes unclear, association BIMCO warnsHundreds o...Reuters
Fri, Apr 17
Air Canada to cut four NY-bound flights as fuel prices soar due to Iran conflict
MONTREAL, April 17 (Reuters) - Air Canada AC.TO said on Friday it will trim daily flights to New York from 38 to 34, starting in June, as higher fuel prices lead North American carriers to cut capacity on less profitable routes. Canada's largest carrier is temporarily cutting four flights a day ...Reuters
Fri, Apr 17
EXCLUSIVE-EU to push for jet fuel diversification as Iran war threatens supply
EU to encourage sustainable, synthetic fuels for supply resilienceEU to clarify compensation rules for airlines during fuel shortagesCommission rejects airlines' calls to suspend emissions trading or SAF allowancesFlight cancellations possible by late May due to shortages, IATA's Willie Wals...Reuters
Fri, Apr 17
EU wheat falls on Hormuz opening hopes
PARIS, April 17 (Reuters) - Euronext wheat fell on Friday, pressured by tumbling oil prices as Iran's announcement of a re-opening of the Strait of Hormuz heightened expectations that the Iran war was heading towards an end.Strength in the euro EUR=, which hit a two-month high against the dolla...Reuters
Fri, Apr 17
Traders place $760 million bet on falling oil ahead of Hormuz announcement
By Amanda Cooper LONDON, April 17 (Reuters) - Investors placed a bet worth about $760 million on a falling oil price around 20 minutes before Iran's foreign minister announced on Friday that the Strait of Hormuz was open, another sizeable wager on the world's most traded commodity ahead o...Reuters
Fri, Apr 17
QUOTES-Reactions of industry and leaders to Iran saying Hormuz is open
LONDON, April 17 (Reuters) - Iran's foreign minister said the Strait of Hormuz, a critical waterway for transporting global oil and gas, was open for all commercial vessels following a ceasefire accord agreed in Lebanon.Here are some quotes from the shipping industry and world leaders on the Ira...Reuters
Fri, Apr 17
How 50 days of the Iran war led to the loss of $50 billion worth of oil
Gulf Arab producers lost 40% of crude output in March, impacting global supplyJet fuel exports from Gulf states plummeted, affecting international aviationFull restoration of output and infrastructure could take years, analysts warnBy Stephanie Kelly and Ahmad Ghaddar LONDON, April 17 (Reuters) -...Reuters
Fri, Apr 17
METALS-Aluminium falls after Iran declares Strait of Hormuz open
By Polina Devitt LONDON, April 17 (Reuters) - Aluminium prices fell on Friday after Iran's foreign minister said that passage for all commercial vessels through the Strait of Hormuz was open for the remaining period of ceasefire.Benchmark three-month aluminium CMAL3 on the London Metal Exchan...Reuters
Fri, Apr 17
QUOTES-Reactions of industry and leaders to Iran saying Hormuz is open
LONDON, April 17 (Reuters) - Iran's foreign minister said the Strait of Hormuz, a critical waterway for transporting global oil and gas, was open for all commercial vessels following a ceasefire accord agreed in Lebanon.Here are some quotes from the shipping industry and world leaders on the Ira...Reuters
Fri, Apr 17
EUROPE GAS-European gas prices fall as Iran says Hormuz open, hopes of peace talks rise
Iran's foreign minister says Hormuz open for commercial vessels during ceasefireShipping through Hormuz had stalled since U.S. and Israeli strikes on Iran began February 28 LONDON, April 17 (Reuters) - Dutch and British wholesale gas prices fell on Friday afternoon, tracking crude oil, after ...Reuters
Fri, Apr 17
GE Vernova must continue work on Vineyard Wind's wind farm, judge rules
BOSTON, April 17 (Reuters) - A Massachusetts judge on Friday blocked GE Vernova GEV.N from abandoning work on the largest offshore wind farm in New England after developer Vineyard Wind refused to pay over $300 million the turbine supplier says it is owed for the $4.5 billion project.Suffolk County ...Reuters
Fri, Apr 17
Maersk Says Temporarily Pausing Landside Bookings On Cargo To UAE And Qatar Via Jeddah Port And Oman Port
April 17 (Reuters) - MAERSK: TEMPORARILY PAUSING LANDSIDE BOOKINGS ON CARGO TO UAE AND QATAR VIA JEDDAH PORT AND OMAN PORTMAERSK - TEMPORARILY PAUSING LANDSIDE BOOKINGS ON CARGO GOING FROM JEDDAH PORT TO UAE, OMAN AND QATARMAERSK: TEMPORARILY PAUSING LANDSIDE BOOKINGS ON CARGO GOING FROM SALALAH AND...Reuters
Fri, Apr 17
US Supreme Court sides with oil companies in Louisiana coastal damage litigation
By Nate Raymond April 17 (Reuters) - The U.S. Supreme Court on Friday sided with oil companies, including Chevron CVX.N, in their effort to have lawsuits by Louisiana officials seeking to hold them responsible for harming the state's coastal areas moved out of the Bayou State's courthouse...Reuters
Fri, Apr 17
CORRECTED-Nornickel says higher prices offset increased costs, delivery times from Iran war
MOSCOW, April 17 (Reuters) - Russian metals producer Nornickel GMNN.MM said the Iran war has extended delivery times for its base metals exports by about three weeks and increased freight costs, but higher metal prices offset the extra expenses.U.S. and Israeli strikes on Iran since late February ha...Reuters
Fri, Apr 17
Over a dozen countries offer to play role in Hormuz mission, Starmer says
France and Britain chaired meeting of around 50 countriesNew meeting in London next week Initiative does not include US or Iran for now, but diplomats say coordination neededBy John Irish and Michel Rose PARIS, April 17 (Reuters) - More than a dozen countries said on Friday they were willing ...Reuters
Fri, Apr 17
Russian billionaire says drone attacks affect nitrogen fertiliser trade
Melnichenko says drone attacks add to fertiliser trade disruptionStrait of Hormuz blockade hits nitrogen fertiliser production hardestExpects Middle East phosphate producers to change logistics quicklyBy Olesya Astakhova MOSCOW, April 17 - Drone attacks in recent months are having a significant i...Reuters
Fri, Apr 17
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