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Fitch Says Need For More Baseload Power To Meet Electricity Demand Drives Renewed Interest In Nuclear Power Projects
March 3 (Reuters) - Fitch:FITCH: NUCLEAR POWER HELPS MEET RISING POWER NEEDS, PROJECT COMPLEXITY MAY UP COSTSFITCH: NEED FOR MORE BASELOAD POWER TO MEET ELECTRICITY DEMAND DRIVING RENEWED INTEREST IN NUCLEAR POWER PROJECTS & PLANT REFURBISHMENTSFurther company coverage: [ ]Reuters
Tue, Mar 3
Brazil beef exporters brace for fallout from Middle East conflict
SAO PAULO, March 3 (Reuters) - Brazilian beef exporters are worried about a potentially prolonged conflict in the Middle East, which is the destination of about 10% of Brazil's beef shipments, Roberto Perosa, head of Abiec, told Reuters in an interview on Tuesday.Perosa said Abiec companies esti...Reuters
Tue, Mar 3
Iraq reduces oil output, more cuts to come if Hormuz disruptions persist, Iraqi oil officials say
Iraq cuts production by nearly 1.5 million bpd due to Iran crisisChina and India are major recipients of Iraqi crude exportsOil ministry says output reduction won't affect refinery operationsBy Ahmed Rasheed and Aref Mohammed BAGHDAD/BASRA, March 3 (Reuters) - Iraq has cut oil production by n...Reuters
Tue, Mar 3
PRECIOUS-Gold retreats on strong dollar, tempered rate-cut bets
Iran war enters fourth dayHigher energy prices amid MidEast tensions fuel inflation woesPlatinum down over 8%By Ashitha Shivaprasad March 3 (Reuters) - Gold prices drifted lower on Tuesday, weighed by a stronger dollar and dimming prospects for rate cuts as inflation concerns intensified amid fea...Reuters
Tue, Mar 3
Von der Leyen, Zelenskiy discuss Druzhba pipeline at heart of loan standoff, EU Commission says
BRUSSELS, March 3 (Reuters) - European Commission President Ursula von der Leyen and Ukrainian President Volodymyr Zelenskiy on Tuesday discussed the Druzhba pipeline, which is at the centre of a dispute that pits Ukraine against Hungary and Slovakia and has held up approval of a 90 billion euro EU ...Reuters
Tue, Mar 3
Iraq says cut in crude oil production due to Strait of Hormuz closure will not affect refineries' operations
CAIRO, March 3 (Reuters) - Iraq said on Tuesday that the reduction in its crude oil production due to the Middle East conflict, which has stopped exports through the Strait of Hormuz, will not affect operations at its refineries, the state news agency reported citing the oil ministry. Iraq has ...Reuters
Tue, Mar 3
Israeli military says it struck a compound in Iran operated to develop capabilities for nuclear weapons
March 3 (Reuters) - The Israeli military said on Tuesday that it had struck a compound in Iran that it said aimed to develop "necessary capabilities" for nuclear weapons, without providing any evidence for the assertion.Reuters
Tue, Mar 3
Venezuela's oil exports fell 6.5% in February, shipping data say
March 3 (Reuters) - Venezuela's oil exports fell to some 737,000 barrels per day (bpd) in February as more shipments to the United States and Europe did not fully offset the loss of what used to be the OPEC country's main market, China, according to vessel monitoring data and documents from ...Reuters
Tue, Mar 3
Britain sends destroyer and helicopters with counter-drone tech to Cyprus
LONDON, March 3 (Reuters) - Britain is deploying HMS Dragon, an air defence destroyer, to Cyprus after the runway of its Akrotiri base there was hit by an Iranian-made drone. Prime Minister Keir Starmer said on Tuesday he was sending the naval vessel along with helicopters with counter-drone capabil...Reuters
Tue, Mar 3
US weighs military cover for Hormuz tankers, Politico reports
March 3 (Reuters) - The Trump administration is considering providing military protection to oil and gas tankers traversing the Strait of Hormuz, Politico reported on Tuesday.Reuters could not immediately confirm the report.Reuters
Tue, Mar 3
Standard Chartered raises 2026 Brent forecasts following Middle East turmoil
March 3 (Reuters) - Standard Chartered hiked its 2026 Brent forecasts and sees asymmetric upside risk to its projections if the Middle East conflict escalates further and impairs production from Iran or other regional producers.The bank raised its first-quarter 2026 Brent forecast to $74 per barrel ...Reuters
Tue, Mar 3
No easy way out for tens of thousands looking to leave Gulf amid Iran conflict
War in the Middle East rages from Beirut to TehranEvacuations in the Gulf organized by several governmentsAirspace closures across Gulf limit options to leave regionOman and Saudi Arabia offer alternative travel routesBy Federico Maccioni, Lucy Craymer and Rachna Uppal DUBAI, March 3 (Reuters) - ...Reuters
Tue, Mar 3
Oman urges ceasefire in Iran conflict, says diplomatic 'off-ramps' available
CAIRO, March 3 (Reuters) - Oman's foreign minister reaffirmed on Tuesday his country's call for an immediate ceasefire in the conflict between Iran and the U.s. and Israel and a return to responsible regional diplomacy."There are off-ramps available, let’s use them," Badr Albusaidi s...Reuters
Tue, Mar 3
Exxon to send team to Venezuela in a few weeks, executive says
By Sheila Dang and Tanay DhumalHOUSTON, March 3 (Reuters) - Exxon Mobil XOM.N aims to send a technical team to Venezuela in a few weeks after working through logistical and security arrangements, an executive said on Tuesday. The U.S. oil major will work with the Venezuelan government and if the rig...Reuters
Tue, Mar 3
Standard Chartered raises 2026 Brent forecasts, sees asymmetric upside risk if conflict escalates
March 3 (Reuters) - Standard Chartered sees asymmetric upside risk to its forecasts if the Middle East conflict escalates further and impairs production from Iran or other regional producers.The bank raised its first-quarter 2026 Brent forecast to $74 per barrel from $62, its second-quarter forecast...Reuters
Tue, Mar 3
GRAINS-Wheat dips on rising dollar; soybeans choppy amid Iran conflict
Wheat lower on higher dollarSoybeans seesaw as Iran conflict adds volatilityCorn chopped up and down in technical tradeBy Heather Schlitz CHICAGO, March 3 (Reuters) - Chicago Board of Trade wheat futures ticked lower on Tuesday, under pressure from a higher dollar and the end of a short-covering ...Reuters
Tue, Mar 3
PRECIOUS-Gold retreats on strong dollar, tempered rate-cut bets
Iran war enters fourth dayHigher energy prices amid MidEast tensions fuel inflation woesSilver slips nearly 7%, platinum down over 9% By Ashitha Shivaprasad March 3 (Reuters) - Gold prices drifted lower on Tuesday, weighed by a stronger dollar and dimming prospects for rate cuts as inflation conc...Reuters
Tue, Mar 3
US Cash Grains-Corn and soybean basis bids stay mostly flat
CHICAGO, March 3 (Reuters) - Basis bids for corn and soybeans were mostly flat on Tuesday at grain elevators and processing facilities across the U.S. Midwest, dealers said. The corn basis eased by 1 cent a bushel at a processor in Cedar Rapids, Iowa.The soy basis rose by 3 cents a bushel at a river...Reuters
Tue, Mar 3
