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EXCLUSIVE-US ramps up fuel exports to Cuba's private sector
US shipped about 30,000 barrels so far this yearFuel flows only to private sector under US rulesTrump administration has strict blockade on oil supplies to Cuban governmentBy Dave Sherwood and Marianna Parraga HAVANA/HOUSTON, March 25 (Reuters) - U.S. suppliers have shipped approximately 30,000 ...Reuters
Wed, Mar 25
FOCUS-Delta Air Lines' refinery bet looks more valuable in jet fuel squeeze
Delta's refinery ownership mitigates rising jet fuel costsJet fuel prices rise faster than crude oilOther airlines face higher costs, explore different fuel optionsBy Rajesh Kumar Singh CHICAGO, March 25 (Reuters) - When Delta Air Lines DAL.N bought an aging refinery outside Philadelphia in 2...Reuters
Wed, Mar 25
Turkey's Middle East oil dependence at 10%, no supply disruption, says minister
ISTANBUL, March 25 (Reuters) - Turkey's dependence on Middle East oil is at a "manageable" 10% of total supplies and there are no supply problems despite the war involving Iran, Energy Minister Alparslan Bayraktar said on Wednesday.The war has caused a crisis in global energy security, h...Reuters
Wed, Mar 25
RPT-ANALYSIS-Gulf warnings and fears of miscalculation preceded Trump’s pause in Iran showdown
Gulf states told US that strikes on Iran’s grids would spark retaliation Iran refused to reopen Hormuz, sent oil higher, markets tumbling Iran warned Gulf of harsh reprisal if its power grids were hit Regional officials worry Trump misjudged Iranian resilienceBy Samia Nakhoul DUBAI, March 24 (Re...Reuters
Wed, Mar 25
Rosatom says situation at Iran's Bushehr nuclear plant unfolding under worst-case scenario
MOSCOW, March 25 (Reuters) - The situation at Iran's Bushehr nuclear power plant continues to develop along a worst-case scenario, the head of Russia's state nuclear corporation Rosatom, Alexei Likhachev, said on Wednesday.The International Atomic Energy Agency on Tuesday said it had been in...Reuters
Wed, Mar 25
Hungary to stop gas flows to Ukraine until Druzhba restarts, Orban says
BUDAPEST, March 25 (Reuters) - Hungary will stop gas flows to Ukraine until oil flows on the Druzhba pipeline resume, Prime Minister Viktor Orban said on Wednesday."We are gradually halting gas deliveries from Hungary to Ukraine, and will store the gas that remains with us in Hungary," Orban...Reuters
Wed, Mar 25
Sony Honda Mobility cancels EV development, to refund early buyers
TOKYO, March 25 (Reuters) - Sony Honda Mobility, the joint venture between Japanese electronics giant Sony 6758.T and carmaker Honda 7267.T, said on Wednesday it would discontinue the development of the Afeela electric vehicles.Given Honda's overhaul of its EV business announced earlier this mon...Reuters
Wed, Mar 25
BlackRock CEO Fink warns of 'global recession' if oil goes to $150, BBC reports
March 25 (Reuters) - BlackRock BLK.N CEO Larry Fink said oil prices could reach $150 a barrel and cause a "global recession" if Iran "remains a threat" even after the war ends. "If there is a cessation of war, and yet Iran remains a threat, a threat to trade, a threat to the ...Reuters
Wed, Mar 25
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
March 25 (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
Wed, Mar 25
Japan PM Takaichi asks IEA chief for further oil stockpile release
By Katya Golubkova and Irene Wang TOKYO, March 25 (Reuters) - Japanese Prime Minister Sanae Takaichi asked International Energy Agency chief Fatih Birol for an additional coordinated release of oil stockpiles when they met on Wednesday, as Tokyo seeks to hedge against a prolonged Middle East conf...Reuters
Wed, Mar 25
UN rights chief urges states to end extremely dangerous Iran conflict
GENEVA, March 25 (Reuters) - The United Nations' top rights official on Wednesday urged states to end the Iran conflict, describing the situation in the Middle East as extremely dangerous and unpredictable."This conflict has an unprecedented power to ensnare countries across borders and arou...Reuters
Wed, Mar 25
Valero prepares restart of Port Arthur, Texas oil refinery after blast, sources say
By Erwin Seba HOUSTON, March 25 (Reuters) - Valero Energy Corp VLO.M is preparing to restart its 380,000 barrel-per-day (bpd) Port Arthur, Texas, oil refinery this week after shutting the plant on Tuesday following an explosion and fire the previous day, two people familiar with operations said. ...Reuters
Wed, Mar 25
Kazakhstan bans animal feed wheat imports from Russia after cattle disease outbreak
ALMATY, March 25 (Reuters) - Kazakhstan banned imports of animal feed wheat from Russia after an outbreak of cattle diseases in several Russian regions bordering Kazakhstan led to mass culling of livestock, a document issued by the State Inspection Committee showed.Russian authorities identified the...Reuters
Wed, Mar 25
PRECIOUS-Gold climbs as oil price drop eases inflation, high rate concerns
Iran's military rejects Trump's talk of negotiationOil prices drop, dollar easesGold rebounds after touching 4-month low on MondayBy Noel John March 25 (Reuters) - Gold extended gains on Wednesday, buoyed by a softer dollar and as a drop in oil prices eased concerns about inflation pressu...Reuters
Wed, Mar 25
Myanmar's rice farmers scrounge for diesel as Iran conflict dries up supply
Myanmar grapples with rising oil pricesFarmers turn to black market as diesel gets scarceLong queues for rationed fuel, airlines suspend routesFarm output costs could double if instability persists, WFP says March 26 (Reuters) - Win Zaw is among five of a Myanmar family who fan out on motorcycles...Reuters
Wed, Mar 25
Turkey says its Mideast oil dependence manageable at 10% amid war
ISTANBUL, March 25 (Reuters) - Turkey's dependence on Middle East oil is at a "manageable" level of 10% of overall supplies and there are no supply problems at the moment despite the Iran war, Energy Minister Alparslan Bayraktar said on Wednesday.Speaking on a state-run Anadolu Agency pr...Reuters
Wed, Mar 25
Oil falls on prospect of Middle East ceasefire easing supply disruption
Trump cites progress with Iran, US proposes plan to end war Iran tells UN 'non-hostile' ships can transit Strait of HormuzSaudi hikes Yanbu exports to work around Hormuz halt, data showsBy Yuka Obayashi and Trixie Yap March 25 (Reuters) - Oil prices sank about 4% on Wednesday after report...Reuters
Wed, Mar 25
Silver Price Forecast: XAG/USD extends recovery above $74 amid optimism on Mideast ceasefire
Silver price (XAG/USD) extends its winning streak for the third trading day on Wednesday, trading over 2% around $73.00 during the European session. The white metal strengthens amid increased efforts from United States (US) President Donald Trump to end the war in the Middle East.Fxstreet
Wed, Mar 25
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