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Spain's Moeve teams up with Masdar on $1.2 billion green hydrogen project
MADRID, March 2 (Reuters) - Spanish energy company Moeve has approved a major green hydrogen project involving more than 1 billion euros ($1.2 billion) in investments, with Abu Dhabi renewable energy company Masdar as a minority partner. Moeve said on Monday it had taken the final investment decisio...Reuters
Mon, Mar 2
PRECIOUS-Gold prices jump more than 2% as strikes on Iran trigger rush to safe havens
Gold trades above $5,400 per ounceSilver touches highest level since January 30Israel strikes Lebanon following Hezbollah attacksBy Noel John March 2 (Reuters) - Gold prices rose more than 2% as U.S.-Israel strikes on Iran expanded on Monday with no end in sight, stoking fears of wider geopolitic...Reuters
Mon, Mar 2
RPT-ROI-OPEC+ crude output boost ignored with duration of Hormuz disruption key: Russell
By Clyde Russell LAUNCESTON, Australia, March 2 (Reuters) - The OPEC+ decision to lift crude oil output by 206,000 barrels per day (bpd) from April is probably the least consequential decision the group has made in nearly a decade of existence. Adding about 0.2% of global oil demand to supply a m...Reuters
Mon, Mar 2
US-flagged Stena Imperative tanker damaged after being hit at anchor in the Gulf, owner and manager say
LONDON, March 2 (Reuters) - The US-flagged products tanker Stena Imperative was damaged after being hit by “aerial impacts” while berthed in the Middle East Gulf, the vessel's owner Stena Bulk and its U.S. manager Crowley said in a statement on Monday.One shipyard worker was killed as a conseque...Reuters
Mon, Mar 2
Iran conflict disrupts oil supply to Asian countries dependent on Middle East
Iran conflict raises oil and transport costs for AsiaStrait of Hormuz disruption affects global oil and LNG supplyIndia may consider Russian oil amid shipping challenges, sources sayBy Katya Golubkova, Yuka Obayashi and Nidhi Verma TOKYO/NEW DELHI, March 2 (Reuters) - The widening Iranian conflic...Reuters
Mon, Mar 2
Brazil's sorghum exports limited for now, to pick up later in 2026, says China's Hang Tung
By Roberto Samora SAO PAULO, March 2 (Reuters) - Tight supplies are constraining Brazil's sorghum exports in the first half of this year, the head of Chinese sorghum trader Hang Tung's Brazilian unit told Reuters, adding that business should pick up in the second half of the year. Brazil ...Reuters
Mon, Mar 2
WRAPUP 1-Iran conflict disrupts global shipping as tankers are stranded, damaged
Shipping disruption in Gulf sparks oil and gas price jump Mideast-China oil shipping rate at over six-year highOil and gas market fears prolonged disruptionBy Emily Chow, Jeslyn Lerh and Jonathan Saul SINGAPORE/LONDON, March 2 (Reuters) - Insurance companies are cancelling war risk coverage for v...Reuters
Mon, Mar 2
Strait Of Hormuz Squeeze Could Push Brent Past $100/Bbl, JP Morgan Says
March 2 (Reuters) - JP MORGAN: SAYS EVEN A 3–4 WEEK SQUEEZE ON STRAIT OF HORMUZ TRAFFIC COULD FORCE GULF COOPERATION COUNCIL OUTPUT SHUT-INS AND PUSH BRENT ABOVE $100/BBLSAYS ACCORDING TO ITS COMMODITIES TEAM, CRUDE OIL EXPORTS THROUGH THE STRAIT OF HORMUZ HAVE DECLINED TO 4 MMBO/D VERSUS A TYPICAL ...Reuters
Mon, Mar 2
GRAINS-Wheat and corn rise as Middle East fighting sparks safe-haven buying
HAMBURG, March 2 (Reuters) - Chicago wheat and corn rose on Monday as the outbreak of military conflict in the Middle East sparked safe-haven demand, with a surge in crude oil rates also providing support to grain prices. Soybeans, meanwhile, fell on weak market fundamentals.Chicago Board of Trad...Reuters
Mon, Mar 2
Kuwait shoots down US jets in friendly-fire incident, US CENTCOM says
Kuwait acknowledges incident, investigation underway, CENTCOM reportsUS aircraft crews evacuated, stable after friendly-fire incident in KuwaitSmoke seen near US Embassy in Kuwait City, fire trucks present, witness reportsUS Embassy warns citizens of missile and drone threatsBy Ahmed Hagagy, Jana Ch...Reuters
Mon, Mar 2
Spain's Moeve teams up with Masdar on $1.2 billion green hydrogen project
MADRID, March 2 (Reuters) - Spanish energy company Moeve has approved a major green hydrogen project involving more than 1 billion euros ($1.2 billion) in investments, with Abu Dhabi renewable energy company Masdar as a minority partner. Moeve said on Monday it had taken the final investment decisio...Reuters
Mon, Mar 2
US flagged products tanker hit by unknown projectiles in Bahrain port, sources say
LONDON, March 2 (Reuters) - U.S. flagged products tanker Stena Imperative was hit by two unknown projectiles in the port of Bahrain early on Monday causing a fire on board, which was extinguished, two maritime security sources said.The vessel was struck at 0257 GMT and it remains in the port, Britis...Reuters
Mon, Mar 2
Space has become 'war-fighting domain' as militaries race to orbit, SES chief says
By Leo Marchandon March 2 (Reuters) - Space has become a war zone demanding military dominance across every orbit, the chief executive of SES SESFg.LU said on Monday, as the satellite operator's shares jumped 4% after annual results, reflecting a broader rally in Europe's defence-tied sto...Reuters
Mon, Mar 2
India, Canada aim for trade pact by year-end, strike uranium deal
NEW DELHI, March 2 (Reuters) - India and Canada will aim to conclude a free trade pact by the end of this year, Prime Minister Mark Carney said on Monday during his first visit to New Delhi, as the two countries seek to move past years of diplomatic friction to get economic ties back on track.New De...Reuters
Mon, Mar 2
Brazil sorghum exports to gain momentum in H2, says Hang Tung
SAO PAULO, March 2 (Reuters) - Brazilian sorghum exports will be limited in the first half of 2026 by restricted supply, but Chinese sorghum trader Hang Tung expects more active business in the second half as the harvest arrives, its Brazil director-general told Reuters. KEY CONTEXT• Exporters c...Reuters
Mon, Mar 2
EUROPE GAS-European gas prices soar on Middle East conflict
Analysts warn prolonged disruption could push prices higherSome shipments of oil, LNG through Strait of Hormuz suspendedBenchmark Asian LNG price up almost 39%By Susanna TwidaleLONDON, March 2 (Reuters) - Benchmark Dutch and British wholesale gas prices soared on Monday morning, after Iran and Israe...Reuters
Mon, Mar 2
Venture Global forecasts downbeat 2026 profit due to winter storm, LNG margin squeeze
March 2 (Reuters) - U.S.-based LNG company Venture Global's VG.N forecast 2026 adjusted core profit below Wall Street expectations on Monday, due to impacts from Winter Storm Fern and margin compression in the first quarter.Reuters had reported last month that exports of liquefied natural gas fr...Reuters
Mon, Mar 2
