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PRECIOUS-Gold falls as rising yields, firm dollar eclipse safe‑haven demand
Bombing of Tehran intensifies as war enters day sixFed report says US economic activity rose a bit in recent weeksUS weekly jobless claims unchanged last weekFebruary US employment report due on FridayBy Anmol Choubey March 5 (Reuters) - Gold prices reversed course on Thursday, erasing earlier ga...Reuters
Thu, Mar 5
LPG tankers redirect to US as Iran crisis escalates
HOUSTON, March 5 (Reuters) - Tankers set to load liquefied petroleum gas from the Middle East redirected to fill up in the United States, ship tracking data showed, the latest signs of shipping and supply disruptions stemming from an escalating U.S.-Israeli war with Iran. Here are some details:Tanke...Reuters
Thu, Mar 5
Americas, Africa heavy crude prices jump as Iran conflict disrupts Mideast markets
Iran crisis disrupts Middle East oil exports, refiners seek alternativesFlagship Gulf sour crude prices at highest in nearly six yearsHigh freight costs may limit US oil exports despite demandBy Arathy Somasekhar, Georgina McCartney and Amanda Stephenson HOUSTON, March 5 (Reuters) - Prices for he...Reuters
Thu, Mar 5
Erdogan tells Macron Turkey seeking return to negotiations on Iran
ISTANBUL, March 5 (Reuters) - President Tayyip Erdogan told his French counterpart Emmanuel Macron by phone that Turkey is making intensive efforts to strengthen the ground for diplomacy and a return to negotiations on Iran, Erdogan's office said on Thursday."Erdogan said that the prolongati...Reuters
Thu, Mar 5
Farmers expected to boost canola area beyond Statistics Canada intentions report
Farmers may increase canola planting due to rising pricesFertilizer price spike influences crop choices amid geopolitical tensionsChina reduces tariffs on Canadian canola and peas, easing market accessBy Ed White WINNIPEG, Manitoba, March 5 (Reuters) - Canadian farmers might plant more canola acr...Reuters
Thu, Mar 5
Trafigura, Venezuelan mining firm sign deal for up to 1,000 kg of gold, Axios reports
March 5 (Reuters) - Venezuela's state-owned mining company has signed a multimillion-dollar deal to sell as much as 1,000 kg of gold dore bars to commodities trader Trafigura for U.S. markets, Axios reported on Wednesday, citing two sources familiar with the deal.The deal requires Venezuelan min...Reuters
Thu, Mar 5
Druzhba oil pipeline could restart in a month and a half, Zelenskiy says
Zelenskiy says he would prefer not to restart pipelineHungary, Slovakia continue to buy Russian oil through the lineHungary obstructing EU support for Kyiv if line not reopened By Olena Harmash KYIV, March 5 (Reuters) - The Druzhba oil pipeline damaged by a Russian strike in January may be techni...Reuters
Thu, Mar 5
India's HPCL resumes Russian oil purchases, sources say
By Nidhi Verma NEW DELHI, March 5 (Reuters) - India's state-run Hindustan Petroleum Corp has resumed purchase of Russian oil after a gap of three months, buying two cargoes for arrival later this month, two sources familiar with the matter said.The refiner placed an order for two aframax tank...Reuters
Thu, Mar 5
Seafarers can refuse to sail through Mideast Gulf region, main union says
LONDON, March 5 (Reuters) - Seafarers have the right to refuse to sail on ships passing through the Middle East Gulf, including the Strait of Hormuz, after the threat level for the region was raised to its highest level, the leading labour union and shipping industry groups said on Thursday. Arou...Reuters
Thu, Mar 5
Bahrain says fire at Bapco Energies refinery after Iranian missile strike contained, operations continue
March 5 (Reuters) - A fire broke out at a unit of Bahrain's Bapco Energies refinery after an Iranian missile strike, but the blaze has been contained, with no injuries reported and refinery operations continuing, Bahrain’s National Communication Centre said on Thursday.Reuters
Thu, Mar 5
Bunge exploring alternative routes as shipping crisis worsens amid Iran war
By Sumit Saha and Katha Kalia March 5 (Reuters) - Global grains trader Bunge BG.N is exploring alternative shipping routes and working with customers to minimize any disruptions caused due to the conflict in the Middle East, a company spokesperson told Reuters.While the company did not immediate...Reuters
Thu, Mar 5
Petrobras diesel price gap widens to biggest since 2022 after global rally
RIO DE JANEIRO, March 5 (Reuters) - Brazilian state-run oil company Petrobras PETR3.SA is selling diesel to distributors at prices about 30% below international benchmarks, the largest gap since 2022, Goldman Sachs analysts said in a note to clients on Thursday.The gap widened as the U.S.-Israeli co...Reuters
Thu, Mar 5
Seafarers can refuse to sail through Mideast Gulf region, top union says
LONDON, March 5 (Reuters) - Seafarers have the right to refuse to sail on ships passing through the Middle East Gulf including the Strait of Hormuz after the threat level for the region was raised to its highest level, the leading labour union and shipping industry groups said on Thursday.Reuters
Thu, Mar 5
Dubai's Al Khaleej Sugar refinery still open for exports and imports
DUBAI, March 5 (Reuters) - Al Khaleej Sugar, operator of the world's largest port-based sugar refinery, is operating normally and is still open for import and export, the company's managing director, Jamal Al-Ghurair, told Reuters on Thursday.Al-Ghurair said that the company can use the po...Reuters
Thu, Mar 5
Gold Reserve, other miners receive US license to negotiate Venezuela return
March 5 (Reuters) - Gold Reserve GRZ.V said on Thursday the U.S. Treasury's Office of Foreign Assets Control has issued a 30-day license allowing certain companies, including the miner, to negotiate with Venezuela.Shares of the company rose nearly 11% in early market trading.U.S. Interior Secret...Reuters
Thu, Mar 5
US allows transactions with Rosneft Germany despite Russia sanctions
WASHINGTON, March 5 (Reuters) - The United States on Thursday issued a general licence exempting transactions involving the German unit of Russia's Rosneft from U.S. sanctions, the U.S. Treasury Department said, providing much-needed clarity for Berlin over the business's future.The licence,...Reuters
Thu, Mar 5
Zelenskiy taunts Hungary's Orban for blocking aid to Ukraine
Zelenksiy taunts that Ukrainian soldiers will have words with OrbanHungarian PM accused Kyiv of deliberately stopping Russian oilOrban made war in Ukraine a focal point of his election campaignHe repeatedly held up an EU aid package for Ukraine By Olena Harmash KYIV, March 5 (Reuters) - President...Reuters
Thu, Mar 5
WRAPUP 3-More tankers come under attack as US-Iran conflict spreads in the region
Nine vessels attacked since U.S.-Iran conflict began BP evacuates foreign staff from Iraqi oil field due to dronesPutin considers halting gas exports to Europe By Jonathan Saul and Anna Hirtenstein March 5 (Reuters) - More tankers came under attack in Gulf waters on Thursday as the U.S.–Iran war ...Reuters
Thu, Mar 5
PRECIOUS-Gold falls as rising yields, firm dollar eclipse safe‑haven demand
Bombing of Tehran intensifies as war enters day sixFed report says US economic activity rose a bit in recent weeksUS weekly jobless claims unchanged last weekFebruary US employment report due on FridayBy Anmol Choubey March 5 (Reuters) - Gold prices reversed course on Thursday, erasing earlier ga...Reuters
Thu, Mar 5
