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Venture Global, Vitol sign five-year US LNG supply deal
March 23 (Reuters) - Liquefied natural gas firm Venture Global VG.N said on Monday it has signed a binding agreement to supply the super-chilled gas to global commodities trader Vitol.The United States' second-largest supplier of LNG has been expanding its commercial footprint ahead of new proje...Reuters
Mon, Mar 23
UAE's ADNOC Gas adjusts LNG output in response to shipping disruption
March 23 (Reuters) - The gas subsidiary of ADNOC, Abu Dhabi's state oil firm, on Monday said it made temporary adjustments to its production of liquefied natural gas and export-traded liquids in response to ongoing shipping disruption in the Strait of Hormuz.The U.S.-Israeli war on Iran escalate...Reuters
Mon, Mar 23
ADNOC CEO to address CERAWeek virtually, will travel to Washington later this week
By Yousef Saba March 23 (Reuters) - Abu Dhabi state oil giant ADNOC's Group CEO Sultan Al Jaber will not travel to Houston for the CERAWeek energy conference and will participate virtually before travelling to Washington D.C. for meetings, an ADNOC spokesperson told Reuters, as the Iran war u...Reuters
Mon, Mar 23
Gold: Near term capped, medium term constructive – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong report that Gold has come under pressure as rising global yields, higher real rates and renewed inflation concerns reduce expectations for near-term Fed cuts. ETF outflows and stress-driven liquidation are adding to downside.
Fxstreet
Mon, Mar 23
Kremlin denies Politico report on Russian proposal to U.S. on cutting intelligence sharing with Iran
March 23 (Reuters) - The Kremlin on Monday cast as false a Politico report that Russia had offered to cut off intelligence sharing with Iran in exchange for the United States ending its support for Ukraine."This report - we have seen it," Kremlin spokesman Dmitry Peskov told reporters. "...Reuters
Mon, Mar 23
Kremlin says strikes near Bushehr nuclear plant in Iran are dangerous
MOSCOW, March 23 (Reuters) - U.S.-Israeli strikes near the Bushehr nuclear power plant in Iran are extremely dangerous and Russia has shared its concerns with the United States, Kremlin spokesman Dmitry Peskov said on Monday.Such strikes could have irreparable consequences, Peskov said.Reuters
Mon, Mar 23
EUROPE GAS-European prices rise over Middle East energy war jitters
OSLO, March 23 (Reuters) - Dutch and British gas contracts rose early on Monday and face another volatile trading session as the war in the Middle East risks escalating strikes on energy infrastructure and the reopening of the Strait of Hormuz remains elusive. The benchmark Dutch front-month contrac...Reuters
Mon, Mar 23
ADNOC CEO to address CERAWeek virtually, will travel to Washington, spokesperson tells Reuters
March 23 (Reuters) - Abu Dhabi state oil giant ADNOC's Group Chief Executive Sultan Al Jaber will not travel to Houston for the CERAWeek energy conference and will participate virtually, an ADNOC spokesperson told Reuters. Al Jaber will travel to Washington on a 48-hour trip to hold a series of ...Reuters
Mon, Mar 23
Greece announces subsidies to shield consumers, farmers from energy price spike
Adds detail, quotes ATHENS, March 23 (Reuters) - Greece will offer subsidies for fuel and fertilisers and ferry ticket discounts worth a total 300 million euros ($346 million) in April and May to shield consumers and farmers from rising energy prices stemming from the Iran conflict, Prime Ministe...Reuters
Mon, Mar 23
Greece announces subsidies to shield consumers, farmers from energy price spike
ATHENS, March 23 (Reuters) - Greece will offer subsidies for fuel and fertilisers and ferry ticket discounts worth a total 300 million euros ($346 million) in April and May to shield consumers and farmers from rising energy prices stemming from the Iran conflict, Prime Minister Kyriakos Mitsotakis s...Reuters
Mon, Mar 23
Oil: Demand elasticity estimates point to limited relief – Societe Generale
Societe Generale economists argue that Oil demand remains structurally inelastic despite sharp price gains. They estimate short‑run crude demand elasticity at –0.024, implying around 1.2 mb/d of lost demand so far, and warn that a move toward $150/bbl could destroy up to 2.7 mb/d of consumption.Fxstreet
Mon, Mar 23
PRECIOUS-Gold dives to 4-month low as inflation pressures lift rate hike bets
Gold down for 9th straight session after worst week in 43 yearsSilver, platinum lowest since mid-DecemberIran vows to hit Gulf infrastructure if US strikes power gridMarket bets on Fed rate hike this year surgeBy Noel John March 23 (Reuters) - Gold slid more than 8% on Monday to hit its lowest le...Reuters
Mon, Mar 23
South Africa's Thungela posts full-year loss on weaker coal prices
March 23 (Reuters) - South African coal miner Thungela Resources TGAJ.J reported a a full-year loss on Monday, hit by a decline in prices.The thermal coal exporter reported a headline loss per share of 6.47 rand ($0.3752) in the year ended December 31, from headline earnings per share of 25.59 rand ...Reuters
Mon, Mar 23
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
March 23 (Reuters) - A surge in jet fuel prices, driven by the U.S.-Israeli war on Iran, has upended the global aviation industry, prompting airlines to raise fares and revise financial outlooks.Jet fuel prices have soared from $85-$90 per barrel to $150-$200 per barrel in recent days for an indust...Reuters
Mon, Mar 23
