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Hormuz shutdown worsens after US hits Iranian warship; tankers stranded for fifth day
US strike hit an Iranian warship off Sri Lanka,Trump pledges to provide insurance and navy escorts Traffic still stuck, production cuts widenTrump's measure will not help amid ongoing attacks, experts sayBy Yousef Saba, Jonathan Saul and Anna Hirtenstein March 4 (Reuters) - The U.S.–Iran war ...Reuters
Wed, Mar 4
Russia diverts its naphtha from Oman due to Middle Eastern crisis, data shows
March 4 (Reuters) - Russia has diverted its naphtha cargoes from Oman amid the Middle East crisis as it looks for new buyers, traders said and LSEG data showed, with at least one tanker now heading for Singapore.Iran's strikes on Gulf countries in retaliation for Israeli and U.S. strikes agains...Reuters
Wed, Mar 4
FACTBOX-Qatar's role in the global gas market
By Marwa Rashad LONDON, March 4 - Qatar, one of the world's largest liquefied natural gas producers, halted LNG output on Monday after strikes on facilities in Ras Laffan amid the Iran conflict and declared force majeure on Wednesday.The country accounts for about 20% of global LNG exports, a...Reuters
Wed, Mar 4
Vopak delays investment on South African LNG project to 2028
Vopak, Transnet in consortium to build, run project for 25 yearsDeal talks with Eskom, Exxon Mobil; Zululand terminal aims for 2-5 mtpa LNG importBy Wendell Roelf CAPE TOWN, March 4 (Reuters) - Dutch tank storage and terminal operator Vopak has pushed back a final investment decision (FID) on Sou...Reuters
Wed, Mar 4
ADNOC subsidiaries say operations normal, no impact from regional developments
By Yousef SabaMarch 4 (Reuters) - Abu Dhabi state oil giant ADNOC's six listed subsidiaries said on Wednesday their operations were continuing normally with no material impact on their businesses or finances from recent regional developments.They did not directly refer to U.S.-Israeli strikes on...Reuters
Wed, Mar 4
Malta-flagged container ship hit by projectile in Hormuz, vessel abandoned, sources say
LONDON, March 4 (Reuters) - The Maltese-flagged container ship Safeen Prestige was damaged by a projectile as it sailed towards the top of the Strait of Hormuz on Wednesday, prompting its crew to abandon ship, shipping sources said.The vessel was hit some two nautical miles north of Oman while trans...Reuters
Wed, Mar 4
Gujarat Gas Says Availability Of R-LNG Severely Constrained
March 4 (Reuters) - Gujarat Gas Ltd GGAS.NS:GUJARAT GAS - AVAILABILITY OF R-LNG SEVERELY CONSTRAINEDGUJARAT GAS - ISSUES FORCE MAJEURE NOTICES RESTRICTING DAILY CONTRACTED QUANTITY EFFECTIVE MARCH 6, 2026GUJARAT GAS - AVAILABILITY OF R-LNG HAS BECOME SEVERELY CONSTRAINEDReuters
Wed, Mar 4
Spain defies Trump's threats over stance on Iran war, says it 'won't be vassals'
Spain refuses U.S. aircraft access to bases amid tensionsTrump threatened to cut trade with SpainSpain's stance contrasts with other European nations' muted responseBy David Latona and Victoria Waldersee MADRID, March 4 (Reuters) - Spain "will not be vassals" to another country, D...Reuters
Wed, Mar 4
Canada's Capital Power reports Q4 loss versus year-ago profit
OverviewCanada power producer's Q4 net loss was C$13 mln, with adjusted EBITDA at C$414 mlnCompany completed acquisition of U.S. facilities, adding 2.2 GW of capacityIncreased common share dividend by 6%, marking 12th consecutive yr of growthOutlookCapital Power expects Arlington Valley facility...Reuters
Wed, Mar 4
Oil seen elevated as Hormuz risks intensify amid Iran conflict, analysts say
March 4 (Reuters) - Oil prices are expected to remain elevated in the near term as traders weigh the risk of supply disruptions through the Strait of Hormuz, a chokepoint for more than 20% of global oil supply, amid the widening Middle East conflict.Israeli and U.S. strikes on Iranian targets have l...Reuters
Wed, Mar 4
Asian petchem makers face naphtha disruption as Iran conflict widens
Force majeure, cancelled tenders, and run cuts looms across AsiaSupply squeeze drives Asian naphtha margin to 4-year highBy Mohi Narayan and Heejin Kim NEW DELHI/SEOUL, March 4 (Reuters) - Petrochemical makers in top producer Asia are preparing to halt operations and trim run rates as Middle East...Reuters
Wed, Mar 4
UBS raises average Brent price forecasts for first quarter, full year 2026
March 4 (Reuters) - UBS on Wednesday raised its average Brent crude oil price forecasts for the first quarter and full year 2026, citing escalating conflict in the Middle East and the current near de facto closure of the Strait of Hormuz.The bank now sees the Brent price averaging $71 per barrel in ...Reuters
Wed, Mar 4
QatarEnergy declares force majeure on LNG shipments
March 4 (Reuters) - QatarEnergy has declared force majeure on shipments of liquefied natural gas, it said in a statement on Wednesday. The company on March 2 said it was halting production of LNG and associated products due to attacks on facilities in the Ras Laffan industrial city.Reuters
Wed, Mar 4
Gold edges higher as USD rally pauses, US-Iran conflict supports demand
Gold (XAU/USD) edges higher on Wednesday, recovering part of the previous day’s sharp decline as the US Dollar (USD) takes a breather after two days of solid gains. Meanwhile, ongoing geopolitical tensions surrounding the US-Iran war keep safe-haven demand in play, helping cushion the downside.
Fxstreet
Wed, Mar 4
Container ship reports strike by projectile in Strait of Hormuz, UKMTO reports
DUBAI, March 4 (Reuters) - A container ship reported being hit by a projectile in the Strait of Hormuz north of Oman on Wednesday, UK Maritime Trade Operations said on Wednesday.The ship said the strike had caused a fire in its engine room, but no environmental impact had been reported, UKMTO added.Reuters
Wed, Mar 4
Altisource Q4 service revenue up 4%; forecasts positive operating cash flow in 2026
OverviewLuxembourg real estate service provider's Q4 service revenue rose 4% yr/yrAdjusted EBITDA for Q4 fell 15% yr/yrCompany forecasts 2026 service revenue growth of 8.5% at midpointOutlookAltisource forecasts 2026 Service revenue between $165 mln and $185 mlnCompany expects 2026 Adjusted EBIT...Reuters
Wed, Mar 4
ROI-Trump's Hormuz shipping plan is too little, too late in race to avert energy shock: Bousso
By Ron Bousso LONDON, March 4 (Reuters) - U.S. President Donald Trump’s current plan to revive shipping through the Strait of Hormuz via financial guarantees and security assistance will require a Herculean international effort.Even if successful, it will likely offer only limited relief as time ...Reuters
Wed, Mar 4
PRESS DIGEST-Canada - March 4
March 4 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILLegal artificial-intelligence software startup Spellbook secured $40-million in debt financing from Royal Bank of Ca...Reuters
Wed, Mar 4
