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Brazil's Lula says Petrobras will seek to buy back refinery sold to Mubadala
SAO PAULO, March 20 (Reuters) - Brazilian President Luiz Inacio Lula da Silva said on Friday that state-run oil company Petrobras PETR3.SA will seek to buy back a refinery in Bahia state that was sold to Abu Dhabi's sovereign fund Mubadala in 2021, under his predecessor Jair Bolsonaro."They ...Reuters
Fri, Mar 20
US drillers cut oil and gas rigs for first time in three weeks, says Baker Hughes
By Scott DiSavinoNEW YORK, March 20 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.Reuters
Fri, Mar 20
EXCLUSIVE-Qatar's energy boss says he had warned of dangers of provoking Iran
QatarEnergy boss says he warned US energy secretary and executivesSays earlier evacuation meant pulling out 10,000 workers in 24 hoursSays North Field expansion could be delayed by more than a year Says difficult to describe how he feels after Iran attackBy Maha El Dahan, Andrew Mills and Yousef Sab...Reuters
Fri, Mar 20
CERAWEEK-CERAWeek energy conference returns to Houston as Iran conflict rocks global energy markets
CERAWeek to address geopolitical tensions and energy securityOil prices near $120 as Middle East war rocks marketsIran's closure of Strait of Hormuz disrupts global oil supplyBy Arathy Somasekhar HOUSTON, March 20 (Reuters) - The world’s top energy executives return to Houston next week as th...Reuters
Fri, Mar 20
Petrobras to resume biodiesel production in Ceara state, says CEO
SAO PAULO, March 20 (Reuters) - Brazilian state-run oil firm Petrobras PETR3.SA will resume biodiesel production in the northeastern state of Ceara, CEO Magda Chambriard said on Friday.She also stated that Petrobras's fuel pricing policy is working and reiterated that the company will work to av...Reuters
Fri, Mar 20
US House Democrat blasts Commerce's 'highly concerning' $1.6 billion USA Rare Earth deal
Lawmaker demands documents on rare earth dealQuestions conflicts of interest, Cantor involvementSeeks details on Commerce’s funding authorityBy Jarrett Renshaw, Ernest Scheyder and Gram Slattery WASHINGTON, March 20 (Reuters) - A senior House Democrat accused U.S. Commerce Secretary Howard Lutnic...Reuters
Fri, Mar 20
US, Japan to focus rare earths cooperation on select group of minerals at first
WASHINGTON, March 19 (Reuters) - The U.S. and Japan on Thursday released an action plan for their efforts to develop alternatives to China for critical minerals and rare earths supply chains, focusing initially on price floors for a select group of minerals.A joint U.S.-Japan statement released by t...Reuters
Fri, Mar 20
Fire at KPC refinery brought under control after drone attack, Kuwaiti army
DUBAI, March 20 (Reuters) - A fire at a Kuwait Petroleum Corporation refinery was brought under control after two drones targeted the facility on Friday, the Kuwaiti army said in a statement, adding that no injuries were reported.Earlier on Friday, Kuwait's state oil firm KPC said its Mina Al-Ah...Reuters
Fri, Mar 20
US to deploy thousands of additional troops to the Middle East, officials say
Thousands of additional Marines and sailors heading to Middle EastAdds to more than 50,000 troops in region alreadyMarines can be used for multiple reasons, including going on landBy Idrees Ali and Phil Stewart WASHINGTON, March 20 (Reuters) - The United States military is deploying thousands of ...Reuters
Fri, Mar 20
Venezuelan oil tycoon Ruperti held by police, law firm says
March 20 (Reuters) - Oil businessman Wilmer Ruperti has been held by authorities since Thursday after Venezuela's intelligence police requested a meeting with him, Ruperti's legal representatives told Reuters on Friday, adding that it is "concerned for his well being."Reuters
Fri, Mar 20
GLOBAL LNG-Asia spot LNG prices at highest level since end-2022 after Iran's strikes on Qatar
Iranian airstrikes knock out 17% of Qatar's LNG export capacity - QatarEnergy CEOAsian and European gas prices rise, intensify inter-basin competitionHigher LNG prices lead to demand destruction in South AsiaColder temperatures in Europe add to bullish gas price momentumBy Marwa Rashad LONDON...Reuters
Fri, Mar 20
Remote Spanish airport again becomes parking lot for planes, this time due to Iran war
Global air travel severely disrupted due to war in IranTeruel expecting around 20 planes by end of SaturdayManager says airport working week to week on arrival plansBy Corina Pons TERUEL, Spain, March 20 (Reuters) - An airport in a dusty and remote corner of rural Spain has once again become a pa...Reuters
Fri, Mar 20
US Cash Grains-Corn, soybean basis mostly steady-firmer as CBOT futures dip
CHICAGO, March 20 (Reuters) - Cash basis bids for corn and soybeans were mostly steady to firmer in the U.S. Midwest on Friday, dealers said, as Chicago Board of Trade futures contracts turned lower, discouraging farmer grain sales in the wake of this month's soaring rally.One exception was at a...Reuters
Fri, Mar 20
NextEra secures Trump's approval for up to 10 GW gas power projects
March 20 (Reuters) - NextEra Energy NEE.N said on Friday U.S. President Donald Trump has approved the development of up to 10 gigawatts of natural gas-fired power generation in Texas and Pennsylvania, as part of a broader U.S.-Japan trade agreement. The company said it will build and operate the ...Reuters
Fri, Mar 20
PRECIOUS-Gold falls nearly 2% after report of US sending more troops to Middle East
US dollar and Treasury yields extend gains Silver, platinum and palladium head for weekly fall By Ashitha Shivaprasad March 20 (Reuters) - Gold prices fell nearly 2% on Friday as the dollar strengthened after reports that the U.S. will deploy thousands of additional troops in the Middle East, fur...Reuters
Fri, Mar 20
GLOBAL LNG-Asia spot LNG prices at highest level since end-2022 following Iran's attacks on Qatar
Iranian strikes knock out 17% of Qatar's LNG export capacity - QatarEnergy CEOAsian and European gas prices rise, intensify inter-basin competitionHigher LNG prices lead to demand destruction in South AsiaColder temperatures in Europe add to bullish gas price momentumBy Marwa Rashad LONDON, M...Reuters
Fri, Mar 20
France boards tanker it says is linked to Russian shadow fleet in Mediterranean
France seizes Mozambique-flagged oil tankerWestern sanctions lead to rise of Russian shadow fleetMacron says Iran war will not distract from stopping RussiaBy John Irish, Marc Leras and Gianluca Lo Nostro PARIS, March 20 (Reuters) - The French Navy seized an oil tanker on Friday in the Western Me...Reuters
Fri, Mar 20
Canada offers financial aid to farmers and companies affected by Iran war price spikes
By Ed White WINNIPEG, Manitoba, March 20 (Reuters) - Canada's federally backed farm lender is offering financial aid to farmers, agricultural businesses and food companies hit by the spike in fertilizer and energy prices, it said on Friday.Borrowers from the Farm Credit Canada program will be...Reuters
Fri, Mar 20
Glenfarne Texas LNG Project To Use Kiewit Offshore Services For In-State Fabrication Of Liquefaction Modules
March 20 (Reuters) - Texas LNG:GLENFARNE TEXAS LNG PROJECT TO USE KIEWIT OFFSHORE SERVICES FOR IN-STATE FABRICATION OF LIQUEFACTION MODULESTEXAS LNG: REMAINS ON SCHEDULE FOR Q2 2026 FINAL INVESTMENT DECISIONFurther company coverage: [ ]Reuters
Fri, Mar 20
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