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African supply chains under strain from Middle East conflict, Ramaphosa says
CAPE TOWN, March 4 (Reuters) - South Africa's President Cyril Ramaphosa said on Wednesday that the escalating conflict in the Middle East was already putting strain on the African continent's supply chains and causing higher energy prices.Ramaphosa made the comments at an African energy conf...Reuters
Wed, Mar 4
Russia accuses Ukraine of striking ship carrying gas in Mediterranean
MOSCOW, March 4 (Reuters) - Russia's transport ministry said on Wednesday that Ukrainian naval drones were responsible for an attack on a Russian ship carrying gas - Arctic Metagaz - which caught fire in the Mediterranean a day earlier.The ministry said the attack was "an act of internationa...Reuters
Wed, Mar 4
South African president says African supply chains strained by Middle East conflict
CAPE TOWN, March 4 (Reuters) - South Africa's President Cyril Ramaphosa said on Wednesday that the escalating conflict in the Middle East was already putting strain on the African continent's supply chains and causing higher energy prices.Reuters
Wed, Mar 4
EXCLUSIVE-Japan, US aim to add nuclear power project to $550 billion investment package, sources say
Nuclear power project under consideration involves WestinghouseSecond batch of deals could be announced when Japan PM visits U.S. this monthCopper smelting, refining facility project is also being consideredBy Tamiyuki Kihara and Makiko Yamazaki TOKYO, March 4 (Reuters) - Japan and the United St...Reuters
Wed, Mar 4
TABLE-UAE's Fujairah oil inventory data for week ended March 2
March 4 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended March 2, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from...Reuters
Wed, Mar 4
RUBBER-Japan futures edge higher on soaring oil, freight rates
By Ruth ChaiMarch 4 (Reuters) - Japanese rubber futures reversed earlier losses on Wednesday, helped by soaring oil prices and freight rates as the U.S.-Israeli war on Iran disrupted Middle East supplies.The Osaka Exchange (OSE) rubber contract for August delivery JRUc6, 0#2JRU: was up 1.7 yen, or ...Reuters
Wed, Mar 4
PRECIOUS-Gold climbs over 1% as expanding Middle East war fuels safe‑haven demand
Silver, platinum up over 2%Oil, gas prices surge as Middle East energy shipments stallHigher oil prices complicates outlook for monetary easing, analyst saysBy Noel John March 4 (Reuters) - Gold prices rose over 1% on Wednesday, rebounding from a more than one-week low hit in the previous session...Reuters
Wed, Mar 4
TECHNICALS-CBOT corn biased to retest support at $4.44-3/4
SINGAPORE, March 4 (Reuters) - CBOT corn CK26 is biased to retest a support at $4.44-3/4 per bushel, a break below which may trigger a fall to $4.42-3/4.A correction from $4.49-1/4 has been mostly developing within a rising channel, the lower channel line of which suggests a target of $4.42-3/4.A br...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
Pakistan seeks Saudi oil supplies via Yanbu port after Hormuz disruption
KARACHI, March 4 (Reuters) - Pakistan has asked Saudi Arabia to route oil supplies through the Red Sea port of Yanbu after the closure of the Strait of Hormuz disrupted shipping, the petroleum ministry said in a press release on Wednesday. The request comes as war in the Middle East has disrupted sh...Reuters
Wed, Mar 4
Goldman Sachs raises Q2 Brent oil price forecast by $10 to $76 a barrel
March 4 (Reuters) - Goldman Sachs GS.N raised on Wednesday its second-quarter 2026 average price forecast for Brent crude oil by $10 to $76 per barrel and for WTI by $9 to $71.These forecasts assume that low oil flows via the Strait of Hormuz will lead to large declines in OECD inventories and Middl...Reuters
Wed, Mar 4
Turkey's TPAO, Eti Maden could invest in Canada, minister says
ISTANBUL, March 4 (Reuters) - Turkish Energy Minister Alparslan Bayraktar said that state oil company Turkish Petroleum (TPAO) and state mining company Eti Maden could invest in Canada, according to a statement released by his ministry on Wednesday."We are looking for opportunities and alternati...Reuters
Wed, Mar 4
TECHNICALS-CBOT soybeans may retest support at $11.58
For more technical analyses, please click SINGAPORE, March 4 (Reuters) - The CBOT soybean May contract SK26 might retest support at $11.58 per bushel, a break below which could open the way toward $11.46-3/4. Following its two failures to break through resistance at $11.83, the market is mor...Reuters
Wed, Mar 4
TABLE-North Sea gas maintenance schedule: Revises Atwick outage
March 4 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTA...Reuters
Wed, Mar 4
Pakistan seeks Saudi oil supplies via Yanbu port after Hormuz disruption
KARACHI, March 4 (Reuters) - Pakistan has asked Saudi Arabia to route oil supplies through the Red Sea port of Yanbu after the closure of the Strait of Hormuz disrupted shipping, the petroleum ministry said in a press release on Wednesday. Riyadh has assured Islamabad it would support energy supplie...Reuters
Wed, Mar 4
Gold climbs over 1% as widening Middle East war fuels safe‑haven demand
March 4 (Reuters) - Gold prices rose over 1% on Wednesday, rebounding from a more than one-week low hit in the previous session, as a widening Middle East conflict sent global markets tumbling and supported safe-haven demand.Reuters
Wed, Mar 4
RPT-ROI-Risks to Western aluminium supply rise as Iran war escalates: Andy Home
By Andy Home LONDON, March 3 (Reuters) - It is not just oil and gas that flow through the Strait of Hormuz, the Gulf's key shipping choke point now threatened by the war with Iran.The region is also a significant producer of aluminium, accounting for over 8% of global output last year, accord...Reuters
Wed, Mar 4
RPT-EU pushes barely available green steel as auto emissions fix
Low-carbon steel part of 2035 EU automotive targetsGreen steel projects face delays due to costly green hydrogenAuto industry criticises EU plan for reliance on external developmentsBy Marie Mannes, Greta Rosen Fondahn and Nick Carey STOCKHOLM/LONDON, March 3 (Reuters) - Buying expensive steel ma...Reuters
Wed, Mar 4
Goldman Sachs raises Q2 oil price forecast by $10 to $76/bbl
March 4 (Reuters) - Goldman Sachs GS.N raised on Wednesday its second-quarter 2026 average price forecast for Brent crude oil by $10 to $76 per barrel and for WTI by $9 to $71. The bank also revised its Q4 2026 forecasts for Brent and WTI to $66 and $62, respectively and for 2027 to $70 and $66, res...Reuters
Wed, Mar 4
