News
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EU says no 'immediate' oil security impact from Iran conflict, email shows
BRUSSELS, March 2 (Reuters) - The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday."At this stage, we do not foresee an immediate oil S...Reuters
Mon, Mar 2
PRECIOUS-Gold jumps more than 2% as US-Israel strikes on Iran spark safe-haven demand
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% on Monday, as U.S.-Israel strikes on Iran that killed Supreme Leader Ayatollah Ali Khamenei over the week...Reuters
Mon, Mar 2
European gas prices soar more than 25% on Middle East conflict
LONDON, March 2 (Reuters) - Benchmark Dutch and British wholesale gas prices rose more than 25% on Monday morning, after Iran and Israel stepped up attacks in the Middle East and on the suspension of many energy shipments through the Strait of Hormuz.Reuters
Mon, Mar 2
Iran conflict disrupts Middle East oil, fuel, LNG assessments from reporting agency Platts
By Florence Tan, Trixie Yap and Siyi Liu SINGAPORE, March 2 (Reuters) - S&P Global Platts suspended on Monday bids and offers for some price assessments of Middle East crude, refined products and liquefied natural gas (LNG) that ship through the Strait of Hormuz, citing shipping disruptions f...Reuters
Mon, Mar 2
Saudi Aramco shuts Ras Tanura refinery after drone strike, source says
March 2 (Reuters) - Saudi Arabia's state oil giant Aramco 2222.SE shut its Ras Tanura refinery after it was hit by a drone, an industry source said on Monday, an apparent escalation on the third day of strikes across the region launched by Tehran in response to the U.S.-Israeli attack on Iran.Reuters
Mon, Mar 2
Oil prices expected to stay high for days, all eyes on Strait of Hormuz flows
March 2 (Reuters) - Analysts expect oil prices to remain elevated over the coming days with conflict escalating in the Middle East, as they assess the impact to supplies, especially flows through the Strait of Hormuz, a conduit for more than 20% of global oil.Crude futures surged more than 8% on Mon...Reuters
Mon, Mar 2
Bernstein Revises Brent Oil Price Assumption To $80/Bbl For 2026
March 2 (Reuters) - BERNSTEIN:REVISES BRENT OIL PRICE ASSUMPTION TO $80/BBL FOR 2026SAYS IN AN EXTREME CASE, OIL COULD REACH $120–150/BBL AND THE LNG SHOCK COULD BE WORSEESTIMATES DEMAND DESTRUCTION AT $120–140/BBL OIL, WITH MATERIAL RECESSION RISKS AT ~$150/BBLREVISES 2026 JKM FORECAST TO $15/MMBTUReuters
Mon, Mar 2
Gulf businesses reel as Iran strikes trigger regional shutdowns
Gulf markets tumble as trading halts and volatility surgesRamadan networking events cancelled or postponedAirport and port shutdowns hit tourism and transit operationsBy Hadeel Al Sayegh, Federico Maccioni, Rachna Uppal and Ateeq Shariff DUBAI, March 1 (Reuters) - Iran's retaliatory strikes a...Reuters
Mon, Mar 2
India, Canada agree to terms of reference on comprehensive economic partnership
NEW DELHI, March 2 (Reuters) - India and Canada have agreed to terms of reference on a comprehensive economic partnership, the Indian foreign ministry said on Monday. India and Canada aim to increase bilateral trade to $50 billion by 2030, Indian Prime Minister Narendra Modi said during press state...Reuters
Mon, Mar 2
TABLE-North Sea gas maintenance schedule
March 2 (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
Mon, Mar 2
TECHNICALS-CBOT corn may retrace into $4.42-3/4 to $4.44-3/4 range
SINGAPORE, March 2 (Reuters) - CBOT corn CK26 may retrace into a range of $4.42-3/4 to $4.44-3/4 per bushel, following its failure to break a key resistance at $4.51-1/2.The failure suggests a completion of a wave C from $4.34. Another bearish reading is that bulls failed to maintain the price above...Reuters
Mon, Mar 2
PRECIOUS-Gold climbs as US-Israel strikes on Iran spark safe-haven demand
By Ashitha Shivaprasad and Kavya Balaraman March 2 (Reuters) - Gold XAU= prices rose on Monday after the U.S. and Israel launched major strikes on Iran that killed Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty. Spot gold XAU= was...Reuters
Mon, Mar 2
Small fire under control at Saudi Aramco refinery after apparent drone strike, Semafor reports
March 2 (Reuters) - A small, isolated fire is under control at Saudi Aramco's 2222.SE Ras Tanura refining facility following what appeared to be a drone strike earlier in the morning, a Semafor reporter said in a post on X on Monday citing sources.Reuters
Mon, Mar 2
TECHNICALS-CBOT soybeans biased to climb to $11.89-3/4
For more technical analyses, please click SINGAPORE, March 2 (Reuters) - The CBOT soybean May contract SK26 is biased to climb to $11.89-3/4 per bushel, as suggested by a projection analysis.The contract has briefly pierced above the 238.2% projection level of $11.78-1/2. It is highly likely to exte...Reuters
Mon, Mar 2
RPT-ROI-US copper mountain still growing after December import surge: Andy Home
By Andy Home LONDON, Feb 27 (Reuters) - The huge premium for delivering physical copper to the United States may have gone but the tariff trade tailwinds are still blowing hard. U.S. imports of refined metal appeared to be waning after the White House pushed back a decision on imposing tariffs in...Reuters
Mon, Mar 2
PRECIOUS-Gold climbs as US-Israel strikes on Iran spark safe-haven demand
March 2 (Reuters) - Gold XAU= prices rose on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty.Reuters
Mon, Mar 2
GRAINS-Chicago wheat pulls back from recent peak on improved US weather; soy, corn slip
BEIJING, March 2 (Reuters) - Chicago wheat futures eased on Monday as improving U.S. weather conditions reduced concerns over crop stress, prompting prices to retreat from a one-month high reached in the previous session.The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 dropped...Reuters
Mon, Mar 2
PRESS DIGEST-British Business - March 2
March 2 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Private equity firm Blackstone BX.N has put 100 million pounds ($134.44 million) into OurHouse, which runs two hi...Reuters
Mon, Mar 2
