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US energy chief tells CNBC a further SPR oil release is unlikely
WASHINGTON, March 23 (Reuters) - The United States is "highly unlikely" to release more oil from its Strategic Petroleum Reserve to calm energy markets during the war with Iran, U.S. Energy Secretary Chris Wright told CNBC on Monday. The U.S. was looking at a variety of other levers to tr...Reuters
Mon, Mar 23
CERAWEEK-Oil prices have not climbed enough to cause demand destruction, US energy secretary says
US to release oil from Strategic Petroleum Reserve to stabilize marketsADNOC CEO warns oil price rise slows global economic growthAsian refineries prioritized for oil supply amid market shocks, Wright saysBy Jarrett Renshaw and Marianna Parraga HOUSTON, March 23 (Reuters) - Global oil prices have...Reuters
Mon, Mar 23
CERAWEEK-US, TotalEnergies to shift $1 billion from wind to oil and gas
HOUSTON, March 23 (Reuters) - The United States and French energy major TotalEnergies TTEF.PA announced on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production. The United States will reimburse Total around $1 billion the company paid in lease...Reuters
Mon, Mar 23
SOFTS-Sugar falls after oil price slumps as Trump backs down on Iran power strikes
LONDON, March 23 (Reuters) - Raw sugar futures on ICE fell on Monday after oil prices slumped following comments from U.S. President Donald Trump that he would postpone any strikes on Iranian power plants and energy infrastructure for five days.Falling energy prices can prompt cane mills in top grow...Reuters
Mon, Mar 23
CERAWEEK-Venture Global wants to settle pending arbitration cases with energy companies
HOUSTON, March 23 (Reuters) - Venture Global wants to settle pending arbitration cases with energy companies that sued it over the failure to provide them with LNG in a timely manner from its Calcasieu Pass facility, CEO Mike Sabel said Monday during a roundtable discussion on the sidelines of the C...Reuters
Mon, Mar 23
CERAWEEK-Rise in oil prices slowing global economic growth, says ADNOC CEO
By Stephanie KellyHOUSTON, March 23 (Reuters) - The rise in oil prices is slowing economic growth everywhere, the chief executive of UAE state-run energy giant ADNOC said on Monday."Stability in energy markets underpins security in every market," ADNOC CEO Sultan Al Jaber said in a video sp...Reuters
Mon, Mar 23
CERAWEEK-Chevron CEO says it will take time for energy to recover from Middle East production hit
HOUSTON, March 23 (Reuters) - Chevron CEO Mike Wirth said he is uncertain how quickly shut-in production in the Middle East stemming from the ongoing U.S.-Israel war with Iran will return."It will take time to come out of this," Wirth said on Monday at the CERAWeek conference in Houston. Tig...Reuters
Mon, Mar 23
Iranian oil is offered to India at premium to Brent, sources say
Indian refiners are keen to buy Iranian oil and LPG to meet supply gapTraders seek payments in dollars or rupeesIndia has not bought Iranian crude since 2019By Nidhi Verma and Siyi Liu NEW DELHI/SINGAPORE, March 23 (Reuters) - Traders have offered Iranian oil to Indian refiners at a premium to IC...Reuters
Mon, Mar 23
PRECIOUS-Gold rebounds from four-month low after Trump postpones strikes on Iran's energy assets
Spot gold posted worst week since 1983 on Friday Oil plunges after Trump postpones strikesSilver, palladium up over 3% By Ashitha Shivaprasad March 23 (Reuters) - Gold prices trimmed losses on Monday, rebounding from a four-month low hit earlier, after U.S. President Donald Trump's comments p...Reuters
Mon, Mar 23
US energy chief says a further SPR oil release is unlikely
WASHINGTON, March 23 (Reuters) - U.S. Energy Secretary Chris Wright said on Monday that the U.S. could release more oil from its Strategic Petroleum Reserve to calm energy markets during the war with Iran but called such a move "highly unlikely," in an interview with CNBC.The U.S. earlier th...Reuters
Mon, Mar 23
UAE's ADNOC deploying extraordinary measures to ensure stakeholders get what they need, CEO says
CAIRO, March 23 (Reuters) - Abu Dhabi state oil giant ADNOC's Group CEO Sultan Al Jaber said on Monday that the group was deployed extraordinary measures to make sure customers and stakeholders got what they needed, as the Iran war upends energy markets. "At ADNOC, we took hits no civilian ...Reuters
Mon, Mar 23
CERAWEEK-Oil prices have not climbed enough to cause demand destruction, US energy secretary says
By Jarrett Renshaw and Marianna ParragaHOUSTON, March 23 (Reuters) - Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even as markets continued to gyrate and global oil prices...Reuters
Mon, Mar 23
Rise in oil prices slowing global economic growth, says ADNOC CEO
By Stephanie KellyHOUSTON, March 23 (Reuters) - The rise in oil prices is slowing economic growth everywhere, the chief executive of UAE state-run energy giant ADNOC said on Monday."Stability in energy markets underpins security in every market," ADNOC CEO Sultan Al Jaber said in a video spe...Reuters
Mon, Mar 23
EasyJet warns Iran war will push up ticket prices from end of summer
Bookings to Turkey, Cyprus, Egypt softerCustomers head to Spain, Spanish islands and Malta insteadTicket prices will rise when hedges come off in late summerBy Sarah Young NEWCASTLE, England, March 23 (Reuters) - Discount airline easyJet's EZJ.L CEO said on Monday that ticket prices will rise...Reuters
Mon, Mar 23
METALS-Copper surges after Trump postpones military strikes on Iranian power plants
By Pratima Desai LONDON, March 23 (Reuters) - Copper prices jumped on Monday after U.S. President Donald Trump said he will order the U.S. military to postpone any military strikes against Iranian power plants and energy infrastructure.Benchmark copper CMCU3 on the London Metal Exchange traded 0....Reuters
Mon, Mar 23
CERAWEEK-Mideast situation shows need for diversification of energy supply, says Cheniere CEO
HOUSTON, March 23 (Reuters) - The situation in the Middle East shows the need for diversity in energy supplies, the CEO of U.S. liquefied natural gas producer Cheniere said on Monday.The U.S.-Israeli war on Iran has effectively halted energy exports from the Middle East Gulf, knocking out around a f...Reuters
Mon, Mar 23
CERAWEEK-Oil prices have not climbed enough to cause demand destruction, US Energy Secretary Chris Wright says
HOUSTON, March 23 (Reuters) - Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston Texas.The remarks come as markets have fallen into chaos as the U.S.-Israel war with Iran has led to the...Reuters
Mon, Mar 23
Trump says he wants 'as much oil in system as possible'
WASHINGTON, March 23 (Reuters) - President Donald Trump on Monday told reporters he wanted there to be "as much oil in the system as possible" when asked about the U.S. Treasury's decision last week to ease sanctions on Iranian oil stranded in sea.Reuters
Mon, Mar 23
Trump says US has 'major points of agreement' in talks with Iran
WASHINGTON, March 23 (Reuters) - President Donald Trump on Monday told reporters the United States has held talks with Iran and that the two sides had "major points of agreement."Trump said the conversations that took place on Sunday would to continue on Monday and that if the negotiations c...Reuters
Mon, Mar 23
EU enters 'last mile' of trade deal negotiations with Australia
Commission president, trade chief in Australia to conclude dealPrevious negotiations broke down in 2023 EU wants to diversify due to US tariffs, China over-relianceBy Philip Blenkinsop BRUSSELS, March 23 (Reuters) - The European Union is in the "last mile" of negotiations over a trade dea...Reuters
Mon, Mar 23
