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Philippines' Marcos suspends taxes on fuel products
MANILA, April 13 (Reuters) - Philippine President Ferdinand Marcos Jr suspended taxes on kerosene and liquefied petroleum gas on Monday to help consumers cope with rising fuel costs. Congress had granted Marcos emergency powers to adjust fuel taxes, one of several measures the Philippines has undert...Reuters
Mon, Apr 13
Two Iranian-linked tankers exit Gulf via Hormuz ahead of US blockade, data shows
SINGAPORE, April 13 (Reuters) - Two oil tankers linked to Iran exited the Gulf on Monday via the Strait of Hormuz ahead of a planned U.S. blockade on Iranian ports and coastal areas, shipping data from Kpler and LSEG showed.The tanker Auroura is laden with Iranian oil products while the New Future t...Reuters
Mon, Apr 13
Kremlin says US blockade of Strait of Hormuz will be bad for markets
MOSCOW, April 13 (Reuters) - The Kremlin on Monday criticised an announcement by U.S. President Donald Trump that the U.S. would blockade the Strait of Hormuz, saying this would hurt global markets.The U.S. military said it would block shipping traffic in and out of Iran's ports starting at 10 a...Reuters
Mon, Apr 13
Canada's Carney set to win majority government in special elections
Carney's majority would ease passage of legislation and strengthen position against U.S. trade tensionsNumerous defections from opposition bolster Liberal majority prospectsA majority government means Carney likely to stay in power until 2029By Maria Cheng OTTAWA, April 13 (Reuters) - Canadia...Reuters
Mon, Apr 13
Physical Forties crude hits record high near $150 a barrel as Hormuz crisis worsens
LONDON, April 13 - The price of North Sea Forties crude oil reached a record high near $150 a barrel on Monday as the U.S. plan to blockade the Strait of Hormuz added to concern about tight supplies.The outright price of North Sea Forties crude FOT-E reached $148.87 a barrel on Monday, LSEG data sho...Reuters
Mon, Apr 13
PRECIOUS-Gold falls as renewed US-Iran tensions dampen rate cut hopes
U.S. to blockade strait of HormuzGold drops to lowest since April 7Oil prices jump back above $100 a barrelDollar climbs to near one-week highBy Pablo Sinha April 13 (Reuters) - Gold prices declined on Monday as renewed fears of a wider Middle East conflict spurred by failed U.S.-Iran talks b...Reuters
Mon, Apr 13
CORRECTED-Philippines' Marcos suspends taxes on fuel products
MANILA, April 13 (Reuters) - Philippine President Ferdinand Marcos Jr suspended taxes on kerosene and liquefied petroleum gas on Monday to help consumers cope with rising fuel costs. Congress had granted Marcos emergency powers to adjust fuel taxes, one of several measures the Philippines has undert...Reuters
Mon, Apr 13
Physical crude oil prices have already hit $140, Repsol CEO says
MADRID, April 13 (Reuters) - Physical crude oil prices hit $140 per barrel last week, well above the prices fetched on financial markets, Repsol REP.MC CEO Josu Jon Imaz said on Monday."What happens is that if I used to buy crude oil, where the base reference was Brent minus $3, Brent minus $4, ...Reuters
Mon, Apr 13
Repsol CEO: We Have Total Support From US Administration In Venezuela
April 13 (Reuters) - Chief Executive Officer of Repsol SA REP.MC Josu Jon Imaz:WE HAVE TOTAL SUPPORT FROM U.S. ADMINISTRATION IN VENEZUELAABOUT 5 OR 6 WEEKS AGO, WE RECEIVED ALL THE LICENSES REQUIRED TO BE ABLE TO OPERATE IN U.S. DOLLARS AND TO HIRE THE AMERICAN COMPANIES WE NEED IN ORDER TO OPERATE...Reuters
Mon, Apr 13
EUROPE POWER-German power prices rise on gas gains after failure of US-Iran peace talks
LONDON, April 13 (Reuters) - German power contracts rose on Monday morning following gains in gas and oil markets after failed peace talks between the U.S. and Iran at the weekend.German year-ahead baseload TRDEBYc1 was up 1.90 euros at 91.70 euros/MWh at 0852 GMT, LSEG data showed.The German May ba...Reuters
Mon, Apr 13
CPC raises oil exports in March by 48% from February, sources say
CPC oil exports rose to 1.58 million bpd, sources saidIncrease driven by recovery at Chevron-led Tengiz fieldExports previously disrupted by Ukrainian drone attacksKazakhstan said CPC shipments were stable MOSCOW, April 13 (Reuters) - The Caspian Pipeline Consortium (CPC), which supplies oil from...Reuters
Mon, Apr 13
US, Australia, Philippines hold second joint drills in South China Sea this year
MANILA, April 13 (Reuters) - The United States and Australia joined the Philippines for their second joint maritime exercises in the South China Sea this year, amid tensions with China in the disputed waterway.The four-day drills from April 9 to 12 brought together warships, fighter jets and surveil...Reuters
Mon, Apr 13
PRECIOUS-Gold drops as Hormuz blockade lifts dollar, dents Fed rate cut bets
Gold drops to lowest since April 7Oil prices jump back above $100 a barrelUS prepares for blockade of Hormuz; Iran warns of harsh responseBy Noel John April 13 (Reuters) - Gold hit a near one-week low on Monday as a stronger dollar and oil's surge above $100 after the U.S. moved to blockade I...Reuters
Mon, Apr 13
EXPLAINER-What does a US naval blockade of Iran mean for oil flows?
US says it will block shipping in and out of Iran on MondayBlocking Iran shipments would take a major source of oil offlineIran exported 1.84 million barrels per day of crude in March April 13 (Reuters) - The U.S. military said it would block shipping traffic in and out of Iran's ports starti...Reuters
Mon, Apr 13
German coalition announces fuel price relief worth $1.9 bln
BERLIN, April 13 (Reuters) - Germany's governing coalition on Monday announced a fuel price relief for consumers and businesses worth 1.6 billion euros ($1.9 billion), following a spike in oil prices due to the Iran war."We will reduce the energy tax on diesel and petrol by approximately 17 ...Reuters
Mon, Apr 13
Iran's armed forces say US restrictions on vessels in Hormuz 'amounts to piracy'
April 13 (Reuters) - An Iranian Armed Forces spokesperson said on Monday that U.S. restrictions on vessels in international waters was illegal and "amounts to piracy", and said Iran would decisively implement a "permanent mechanism" to control the Strait of Hormuz following U.S. thre...Reuters
Mon, Apr 13
World Bank chief sounds alarm about looming jobs crisis even after war ends
Over 1 billion people to enter workforce in developing countries in coming yearsCurrent trajectory would only generate 400 million jobs, World Bank's Banga saysSpring DC meetings to center around encouraging job creationBy Andrea Shalal WASHINGTON, April 13 (Reuters) - The Middle East war wil...Reuters
Mon, Apr 13
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