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EUROPE POWER-German power curve prices rise on gas and oil gains
April 2 (Reuters) - German curve power contracts rose on Thursday morning, following gains in gas and oil markets after President Donald Trump said the U.S. would continue attacks on Iran, increasing fears of prolonged disruptions to energy supplies.The German year-ahead baseload TRDEBYc1 was up 1 e...Reuters
Thu, Apr 2
PRECIOUS-Gold slides sharply as oil surges on dimming hopes of end to Iran war
Gold fell over 4% after Trump's address on IranGold snaps 4-day winning streak; set for weekly riseCrude oil prices climb 7% as attacks on Iran to continueDollar emerges as preferred safe haven from Iran warBy Ishaan Arora April 2 (Reuters) - Gold prices dropped sharply on Thursday, pulling b...Reuters
Thu, Apr 2
The Canadian GMO mustard wars: Dijon vs canola
Mustard farmers fear GMO hybrid could contaminate non-GMO cropsFrench buyers demand strict non-GMO mustard, risking Canadian supplyBASF plans safeguards for GMO mustard-canola hybrid, faces industry pushbackBy Ed White REGINA, Saskatchewan, April 2 (Reuters) - Farmer Dallas Leduc can't wait f...Reuters
Thu, Apr 2
Italy fines Revolut over $13 million for alleged unfair commercial practices
ROME, April 2 (Reuters) - Italy's competition authority said on Thursday it had fined several companies of the Revolut group more than 11.5 million euros ($13.25 million) for alleged unfair commercial practices.The European fintech group made misleading statements about its investment services a...Reuters
Thu, Apr 2
UK to host talks with 35 countries on reopening Strait of Hormuz
US will not be involved in talks Vital oil route effectively shut as Iran war ragesCountries seek ways to reopen waterway after ceasefireBy Andrew MacAskill and Muvija M LONDON, April 2 (Reuters) - Britain will host talks on Thursday aimed at forming a coalition of countries to explore way...Reuters
Thu, Apr 2
EUROPE GAS-European gas prices rise as hopes fade on quick end to Iran war
LONDON, April 2 (Reuters) - Benchmark Dutch and British wholesale gas prices rose on Thursday morning, as U.S. President Donald Trump vowed more aggressive strikes on Iran without committing to a specific timeline to end the war, unsettling investors worried about prolonged disruptions to global sup...Reuters
Thu, Apr 2
Ryanair CEO sees oil prices falling soon, reports German magazine
BERLIN, April 2 (Reuters) - Ryanair CEO Michael O'Leary expects oil prices to fall soon and is optimistic that fuel will become cheaper again in the fourth quarter of this year, probably even sooner, according to an interview with Germany's WirtschaftsWoche magazine."It’s not certain whe...Reuters
Thu, Apr 2
South Korea denies report it is considering paying Iran Hormuz transit fees
SEOUL, April 2 (Reuters) - South Korea is not considering paying Iran fees for the passage of Middle Eastern oil and gas through the Strait of Hormuz, the presidential Blue House said on Thursday, denying an earlier local media report."Reviewing the payment of Hormuz transit fees is completely u...Reuters
Thu, Apr 2
TABLE-North Sea gas maintenance schedule: Adds Hatfield outage
April 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
Thu, Apr 2
Australian growers shift to less fertiliser-intensive crops as Iran war costs surge
Australian farmers shift to barley on fertiliser, fuel costs Urea prices jump, diesel costs surge, pressuring farm economicsGlobal fertiliser crunch worsens as Strait of Hormuz disruptedBy Naveen Thukral SINGAPORE, April 2 (Reuters) - Australian farmers are expected to favour less nitrogen-intens...Reuters
Thu, Apr 2
South Korea carefully considering issue of Iran payments to bring in Middle Eastern energy, newspaper says
SEOUL, April 2 (Reuters) - South Korea is carefully considering whether to pay Iran fees to bring in Middle Eastern oil and gas, the Maeil Business Newspaper reported on Thursday, citing an unnamed presidential Blue House official. The Blue House did not have an immediate comment when contacted.Reuters
Thu, Apr 2
France to limit use of Chinese-made renewables in coming tenders, Junior Energy Minister says
PARIS, April 2 (Reuters) - French Junior Energy Minister Maud Bregeon said on Thursday her government plans to introduce "resilience measures" that would limit the number of Chinese-made renewable equipments in the new tenders.Reuters
Thu, Apr 2
METALS-Copper falls after Trump threatens more attacks on Iran
SINGAPORE, April 2 (Reuters) - Copper prices fell for the first time in five sessions on Thursday, weighed down by renewed concerns over economic growth after U.S. President Donald Trump vowed more strikes on Iran and gave no specific timeline on ending the conflict.The benchmark three-month copper ...Reuters
Thu, Apr 2
PRECIOUS-Gold prices slump as Trump threatens more attacks on Iran
Trump vows to strike Iran "extremely hard" over next few weeksGold slips after gaining for previous four sessionsSilver plummets more than 7%US dollar advances; Brent surges over 6%By Anmol Choubey and Pablo Sinha April 2 (Reuters) - Gold fell sharply from two-week highs on Thursday afte...Reuters
Thu, Apr 2
US: Inflation upturn with oil shock – Commerzbank
Commerzbank economists Dr. Christoph Balz and Dr. Ralph Solveen argue that higher Oil prices from the Iran War are set to push US inflation higher. They expect March CPI to rise 0.9% month-on-month and 3.3% year-on-year, with core at 0.3% and 2.7%.Fxstreet
Thu, Apr 2
Reconstruction of damaged Iranian steel factory to take up to one year, company official
DUBAI, April 2 (Reuters) - Iran's Khuzestan Steel Company will need between six months and a year to restore operations after its facilities were damaged in a strike last week, a deputy director said, according to a report published on Thursday by a judiciary-linked news outlet. The Internationa...Reuters
Thu, Apr 2
India's March palm oil imports fall to 3-month low as prices surge
By Rajendra Jadhav MUMBAI, April 2 (Reuters) - India's palm oil imports fell nearly 19% in March to a three-month low as a rally in tropical oil prices, tracking energy markets, prompted refiners to curb purchases and wait for a correction, five dealers said.Lower imports could deplete stocks...Reuters
Thu, Apr 2
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