News
Important Only
FACTBOX-Qatar's role in the global gas market
By Marwa Rashad LONDON, March 2 - Qatar, one of the world's largest liquefied natural gas producers, halted LNG and related output on Monday after strikes on facilities in Ras Laffan.The country accounts for about 20% of global LNG exports, all of which transit the Strait of Hormuz, according...Reuters
Mon, Mar 2
Occidental Petroleum Says Operations In The Middle East Are Running Efficiently - Spokesperson
March 2 (Reuters) - Occidental Petroleum Corp OXY.N:OCCIDENTAL PETROLEUM IS MONITORING THE SITUATION IN THE MIDDLE EAST - SPOKESPERSONOCCIDENTAL PETROLEUM IS ENSURING ITS EMPLOYEES IN THE MIDDLE EAST ARE TAKING PROPER PRECAUTIONS TO REMAIN SAFE - SPOKESPERSONOCCIDENTAL PETROLEUM SAYS OPERATIONS IN T...Reuters
Mon, Mar 2
Brazil's oil output up 14.6% in January, regulator says
SAO PAULO, March 2 (Reuters) - Brazil's oil production rose 14.6% year-on-year in January to 3.953 million barrels per day, oil regulator ANP said on Monday, while natural gas output was up 20.2% to 193.16 million cubic meters per day.Reuters
Mon, Mar 2
Ukraine to complete preparation in days to start EU accession talks, Zelenskiy says
Hungary is blocking Ukraine's EU accession progressEU membership crucial for Ukraine's post-war security, Zelenskiy says Ukraine needs reforms to meet EU entry criteriaKYIV, March 2 (Reuters) - Ukraine will complete the technical work needed to open negotiations on all topics for its Europea...Reuters
Mon, Mar 2
Turkey's Botas Took All Measures To Ensure Natural Gas Supply To Continue Undisrupted
March 2 (Reuters) - Turkey's BOTAS said in a statement on Monday:BOTAS TOOK ALL MEASURES TO ENSURE NATURAL GAS SUPPLY TO CONTINUE UNDISRUPTEDBOTAS SAYS THERE IS NO RISK TO TURKEY'S NATURAL GAS SUPPLY SECURITY AND SUPPLY CHAINReuters
Mon, Mar 2
Congo-Zambia copper corridor to reopen Tuesday after road damage, minister
ACCRA, March 2 (Reuters) - The main corridor for the Democratic Republic of Congo’s copper, cobalt and other mineral exports is expected to reopen on Tuesday after road damage halted flows, Zambia’s infrastructure minister told Reuters on Monday.Congo is Africa’s largest copper producer and the worl...Reuters
Mon, Mar 2
WRAPUP 6-Qatar LNG, Saudi refinery, Israeli oil, gas fields down due to Mideast strikes
Qatar halts output of LNG, associated productsAramco's Ras Tanura refinery hit by drone, source saysMajor Israeli gas fields, including Leviathan, offlineMost output in Iraqi Kurdistan shut down Shut-downs precautionary measuresBy Yousef Saba and Maha El Dahan DUBAI, March 2 (Reuters) - Qatar...Reuters
Mon, Mar 2
PRECIOUS-Gold marches higher on fears of prolonged Middle East conflict
Iran conflict widens to LebanonSpot gold up about 25% so far this year Platinum and palladium slip by more than 1% By Ashitha Shivaprasad March 2 (Reuters) - Safe‑haven gold advanced on Monday, driven by escalating concerns of prolonged conflict in the Middle East after U.S. and Israeli strikes a...Reuters
Mon, Mar 2
CBOT Trends-Wheat down 2-4 cents, corn flat-up 2 cents, soy down 5-7 cents
CHICAGO, March 2 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Monday: WHEAT - Down 2 to 4 cents per bushelCBOT May wheat WK26 reached the highest level since July as the U.S.-Iran ...Reuters
Mon, Mar 2
EUROPE GAS-European gas prices soar as Qatar halts LNG production
Analysts warn prolonged disruption could push prices higherSource says QatarEnergy is set to declare force majeure EU's gas coordination group to meet on WednesdayBy Susanna Twidale LONDON, March 2 (Reuters) - Benchmark Dutch and British wholesale gas prices soared by almost 50% on Monday, af...Reuters
Mon, Mar 2
Greece's StealthGas Q4 revenue falls 9% yr/yr after loss from Eco Wizard vessel incident
OverviewGreece-based LPG shipowner's Q4 revenue fell 9% yr/yr, missing analyst expectationsCo reports Q4 adjusted EPS of $0.36Company repaid $85.9 mln in debt during 2025, becoming debt-freeOutlookCompany has 48% of fleet days secured under period contracts for remainder of 2026Company expects $...Reuters
Mon, Mar 2
Trx Gold Corp - 7,453 Oz Gold Production In Q2
March 2 (Reuters) - TRX Gold Corp TRX.TO:TRX GOLD CORP - 7,453 OZ GOLD PRODUCTION IN Q2TRX GOLD CORP: IN LIGHT OF RISE IN GOLD PRICE, HAS INITIATED A REVISION OF LIFE-OF-MINE PLANTRX GOLD CORP: PRELIMINARY ANALYSIS INDICATES POTENTIAL FOR AN EXPANDED THIRD CUTBACK AT MAIN PITTRX GOLD CORP: EVALUATIN...Reuters
Mon, Mar 2
Oil prices to remain high for days with Strait of Hormuz in spotlight, analysts say
March 2 (Reuters) - Analysts expect oil prices to remain elevated over the coming days while markets focus on the impact of escalating Middle East conflict on supplies through the Strait of Hormuz, a conduit for more than 20% of global oil. Citi sees Brent crude trading between $80 and $90 a bar...Reuters
Mon, Mar 2
CORRECTED-AAON Q4 revenue beats expectations on capacity expansion
OverviewHVAC solutions provider's Q4 revenue rose 42.5% yr/yr, beating analyst expectationsCompany's Q4 gross margin slightly declined due to production ramp-up costsRecord year-end backlog of $1.83 bln, up 110.9% yr/yr, supports 2026 growthOutlookCompany expects 2026 sales growth of 18%-20%...Reuters
Mon, Mar 2
QatarEnergy to declare force majeure on LNG shipments, a source with knowledge says
LONDON, March 2 - QatarEnergy is set to declare force majeure on shipments of liquefied natural gas (LNG) as a next step after it announced earlier on Monday that it was halting production of LNG and associated products due to attacks on facilities in Ras Laffan, a source with knowledge told Reuters...Reuters
Mon, Mar 2
PRESS DIGEST-Canada - March 2
March 2 (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 MAILCanada's Prime Minister Mark Carney secured a C$2.6-billion deal to supply Canadian uranium to India and launche...Reuters
Mon, Mar 2
EU to convene gas supply meeting on Iran conflict impact
BRUSSELS, March 2 (Reuters) - The European Union's gas coordination group will meet on Wednesday to assess the impact of the widening conflict in the Middle East, a European Commission spokesperson told Reuters on Monday.The EU's gas coordination group includes representatives from member st...Reuters
Mon, Mar 2
BREAKINGVIEWS-Iran chaos is issue for gas as much as oil market
By Yawen Chen LONDON, March 2 (Reuters Breakingviews) - The Strait of Hormuz does not have to be formally closed to disrupt global energy. Shipowners, insurers and traders can mess up the channel at the end of the Arabian Gulf through which a fifth of the world’s oil and gas pass on their own. Ev...Reuters
Mon, Mar 2
California Resources Q4 adjusted net income misses expectations
OverviewEnergy and carbon management firm's Q4 adjusted net income missed analyst expectationsCompany advancing carbon capture projects, first CO2 injection at Elk Hills in spring 2026Signed MOUs for 6.8 mln metric tons per annum carbon capture capacityOutlookCompany anticipates 2026 capital inv...Reuters
Mon, Mar 2
Oil and gas condensate output in Kazakhstan jumps 43% m/m in February, source says
Output rebounded as the giant Tengiz field continued recoveringFires on January 18 shut Tengiz for much of JanuaryMOSCOW, March 2 (Reuters) - Production of oil and gas condensate in Kazakhstan jumped by around 43% in February from January, an industry source familiar with the data, said on Monday, a...Reuters
Mon, Mar 2
