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Europe faces summer flight cancellations from jet fuel shortage, IATA says
April 17 (Reuters) - Flights in Europe could start to be cancelled from the end of May due to a lack of jet fuel, the International Air Transport Association's director general Willie Walsh said on Friday, highlighting the risk of disruption to the busy summer travel season."Along with doing...Reuters
Fri, Apr 17
Ukrainian drone attacks are having significant impact on Russian fertilizer industry, Eurochem founder says
MOSCOW, April 17 - Ukrainian drone attacks in recent months are having a significant impact on the Russian fertilizer industry, billionaire Andrei Melnichenko, founder of fertiliser producer EuroChem, told reporters on Friday. "On our (enterprises) significantly enough," Melnichenko said whe...Reuters
Fri, Apr 17
Angola in talks for AfDB budget support, but oil shields worst of war fallout
By Libby GeorgeWASHINGTON, April 17 (Reuters) - Angola is seeking a budget support loan from the African Development Bank, its finance minister told Reuters, as the government pushes ahead to shield vulnerable citizens from the Middle East war’s fallout and manage debt costs. The country is in talks...Reuters
Fri, Apr 17
PRECIOUS-Gold holds steady, set for fourth weekly gain on US-Iran deal optimism
Oil prices hold below $100 per barrelIsrael-Lebanon ceasefire commencesDollar heads for second weekly dropBy Ishaan Arora April 17 (Reuters) - Gold held broadly steady on Friday, poised for a fourth straight weekly rise, supported by optimism over a potential U.S.–Iran peace deal that cooled infl...Reuters
Fri, Apr 17
Jet fuel shortage could lead to flight cancellations in Europe, IATA says
April 17 (Reuters) - Flights in Europe could be cancelled due to a lack of jet fuel starting from the end of May, the International Air Transport Association's director general Willie Walsh said on Friday."Along with doing everything possible to secure alternative supply lines, it's impo...Reuters
Fri, Apr 17
Middle East Crude-Benchmarks post small gains, focus on Middle East
SINGAPORE, April 17 (Reuters) - Middle East crude benchmark spot premiums for Oman, Murban and Dubai slightly increased on Friday, and they also posted small gains on weekly basis. Market focus stays on peace talks between the U.S. and Iran traffic through the Strait of Hormuz, which remained largel...Reuters
Fri, Apr 17
Indian oil refiners lining up oil cargoes to meet local demand, official says
NEW DELHI, April 17 (Reuters) - Indian oil refiners are doing their best to line-up oil cargoes to meet local demand, an Indian government official said on Friday, after the United States decided not to extend a waiver from sanctions on crude purchases from Russia and Iran. The U.S. waiver for san...Reuters
Fri, Apr 17
Argentina wheat threatened by high urea fertilizer prices due to Iran war
Farmers consider reducing wheat planting or fertilizer use due to soaring urea costsUrea prices doubled after Persian Gulf supply disruptions, analyst saysSome producers may switch to corn or soybeans, citing limited profit marginsBy Maximilian Heath BUENOS AIRES, April 17 (Reuters) - The Iran wa...Reuters
Fri, Apr 17
Asia Naphtha/Gasoline-Naphtha margin drifts lower; gasoline stable
SINGAPORE, April 17 (Reuters) - Asia's naphtha markets rose on Friday, while margins drifted lower around a one-week low as a result of increase in Brent benchmark price during Asian trade.At the market's close, naphtha refining margins softened to around $295 per metric ton. NAF-SIN-CRKOn t...Reuters
Fri, Apr 17
Greenland approves indirect transfer of mining permit for Tanbreez rare earth project
COPENHAGEN, April 17 (Reuters) - Greenland has approved the indirect transfer of the mining licence for Tanbreez Mining after Critical Metals Corp CRML.O last year increased its stake in the rare earths developer, the Greenlandic ministry of mineral resources and business said on Friday.The administ...Reuters
Fri, Apr 17
REFILE-Ample supply buffers US oil cargoes from price shock as Europe, Asia prices surge
US SPR releases, Venezuelan imports cushion domestic supplyEuropean, Asian oil prices hit records due to supply disruptions US imported 295,000 bpd of Venezuelan crude in first quarter, Kpler says By Georgina McCartney and Robert Harvey HOUSTON/LONDON, April 16 (Reuters) - U.S. crude cargo prices...Reuters
Fri, Apr 17
Turkmenistan to produce 76 billion cubic metres of gas in 2026, state gas company says
By Marat Gurt GALKYNYSH, Turkmenistan, April 17 (Reuters) - Turkmenistan, a Central Asian country with the world's fourth largest natural gas reserves, plans to produce approximately 76 billion cubic metres of gas in 2026, steady with last year, Maksat Babayev, head of the state-owned gas com...Reuters
Fri, Apr 17
Japex secures two LNG cargoes on spot basis as substitute for Middle East supplies
TOKYO, April 17 (Reuters) - Japan Petroleum Exploration 1662.T said on Friday it has secured two liquefied natural gas cargoes on a spot basis from non-Middle East areas as substitutes for those originally set to be procured from the Gulf in the April-June quarter, in response to the blockade of the...Reuters
Fri, Apr 17
Europe should release jet fuel reserves, says German lobby group
BERLIN, April 17 (Reuters) - Germany's main aviation lobby group said on Friday that Europe should release strategic jet fuel reserves to mitigate the effects of the Iran war, including a looming supply crunch.BDL, whose members include German airlines and airport operators, added that Berlin sh...Reuters
Fri, Apr 17
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
April 17 (Reuters) - A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise their financial outlooks.Jet fuel prices have soared from $85 to $90 per barrel to $150 to $200 per barrel in recent weeks, a fi...Reuters
Fri, Apr 17
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