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OPEC secretariat receives updated compensation plans
April 7 (Reuters) - The OPEC secretariat has received updated oil production compensation plans from Iraq, United Arab Emirates, Kazakhstan and Oman, the organisation said on Tuesday.The schedule received from the four members covered the period from last month until June of this year to make up for...Reuters
Tue, Apr 7
Chevron says Tengiz crude oil exports from Kazakhstan continue uninterrupted
MOSCOW, April 7 (Reuters) - U.S. oil major Chevron said on Tuesday that crude oil exports from the vast Tengiz field, Kazakhstan's largest, continued uninterrupted.Chevron issued the comments after Russia's defence ministry said on Monday that Ukraine had attacked facilities at the maritime ...Reuters
Tue, Apr 7
Australia, China will work on regional energy security, Albanese says
Australian Prime Minister Anthony Albanese said he discussed the importance of energy security in a phone call with his Chinese counterpart Li Qiang on Tuesday, as the Iran war disrupts the global energy market. Albanese and Li agreed to increase government-to-government communication in support o...Reuters
Tue, Apr 7
PRECIOUS-Gold rises as dollar and oil soften; investors focused on Middle East
Gold rises some 0.6%Iranian ambassador says Pakistan mediation efforts at critical stageChina's central bank adds gold to reserves for 17th monthBy Ishaan Arora April 7 (Reuters) - Gold prices gained on Tuesday, as the dollar softened and oil prices fell, while investors remained focused on a...Reuters
Tue, Apr 7
Tengizchevroil head says production at Kazakhstan's Tengiz oil field has been fully restored
ALMATY, April 7 (Reuters) - William Lacobie, the general director of Tengizchevroil, told lawmakers in Kazakhstan on Tuesday that oil production at the Tengiz field had been fully restored after major outages in January.Reuters
Tue, Apr 7
Proxy adviser Glass Lewis recommends vote against BP chair over blocked climate resolution
LONDON, April 7 (Reuters) - Proxy adviser Glass Lewis recommended that BP BP.L shareholders vote against Chair Albert Manifold, who took up the post in October, citing BP's decision to exclude a climate-related resolution from its upcoming annual meeting. Glass Lewis made its recommendation ...Reuters
Tue, Apr 7
Iran has attacked Saudi petrochemical complex in Jubail, Fars news agency says
April 7 (Reuters) - Iran on Tuesday attacked a petrochemical complex in Saudi Arabia's Jubail industrial city, located in the Eastern province, Iran's semi-official Fars news agency said.There was no comment from the Saudi government.Reuters
Tue, Apr 7
Kremlin says the world is lining up for Russian energy
MOSCOW, April 7 (Reuters) - The Kremlin said on Tuesday that there were a huge number of requests for Russian energy supplies from a range of different places amid a grave global energy crisis. Russia is the world's second largest oil exporter after Saudi Arabia and holds the world's largest...Reuters
Tue, Apr 7
China curbs domestic fuel price hike again to soften impact of surging oil prices
China limits fuel price hikes to soften impact of Iran war-driven oil price surgeWorld's second-largest oil consumer weathers oil shocks better than many Asian peersAirlines hike fuel surcharges; impact on broader Chinese economy remains muted BEIJING, April 7 (Reuters) - China on Tuesday onc...Reuters
Tue, Apr 7
WTI Crude Oil steadies above $103.00 with Iran’s deadline looming
The US benchmark West Texas Intermediate Oil (WTI) hesitates near four-week highs on Tuesday. Price action remains steady above the 103.00 per barrel, but attempts to extend gains beyond 105.00 have been capped with US President Donald Trump’s deadline on Tehran approaching.
Fxstreet
Tue, Apr 7
Brent: Conflict scenarios keep prices elevated – Societe Generale
Societe Generale’s Commodity Compass Analytics (CCA) team, led by Michael Haigh, Ben Hoff and Jeremy Sellem, highlights that Dated Brent at $141/bbl reflects severe physical tightness as Strait of Hormuz flows remain impaired.Fxstreet
Tue, Apr 7
EUROPE GAS-European gas prices rangebound as Trump deadline for Iran looms
Market awaits outcome of Trump ultimatum to IranStable supply, higher temperatures keep gas prices in narrow range LONDON, April 7 (Reuters) - Benchmark Dutch and British wholesale gas prices traded in a narrow range on Tuesday morning after Iran rejected a U.S. proposal brokered by Pakistan for ...Reuters
Tue, Apr 7
China's central bank maintains gold buying for 17th month
BEIJING, April 7 (Reuters) - China's central bank stayed the course on gold purchases for a 17th consecutive month, with its reserves amounting to 74.38 million fine troy ounces by the end of March, versus the previous month's 74.22 million. The country's gold reserves were valued at $34...Reuters
Tue, Apr 7
China's forex reserves fall more than expected in March
BEIJING, April 7 (Reuters) - China's foreign exchange reserves fell more than expected in March, central bank data showed on Tuesday, as the dollar gained strength.The country's foreign exchange reserves, the world's largest, stood at $3.342 trillion last month, below the estimated $3.39...Reuters
Tue, Apr 7
REFILE-Iron ore gains as trade resumes in China; Trump's deadline for Iran looms
By Ruth Chai SINGAPORE, April 7 (Reuters) - Iron ore futures rose for the first time in three sessions on Tuesday as trading resumed in top buyer China after a long holiday weekend, with investors awaiting clarity on the prospects of a resolution to the Iran war.Prices were also underpinned by de...Reuters
Tue, Apr 7
Russia's Yamal LNG sends first cargo to China since November, data shows
MOSCOW, April 7 (Reuters) - Yamal LNG, controlled by Russia's largest liquefied natural gas producer Novatek NVTK.MM, has sent its first cargo to China since last November, LSEG data showed on Tuesday, weeks before the gradual enforcement of Europe's ban on Russian LNG imports.The project, l...Reuters
Tue, Apr 7
Iron ore falls on rising inventories, anti-dumping measures
By Ruth Chai SINGAPORE, April 7 (Reuters) - Iron ore futures fell on Tuesday as rising inventories and fresh anti-dumping measures on Chinese finished steel products weighed on prices, although hopes of stronger demand after Beijing called for faster energy-related construction capped losses.The ...Reuters
Tue, Apr 7
TABLE-North Sea gas maintenance schedule: Adds Taqa outage
April 7 (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
Tue, Apr 7
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