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France sees no obvious short-term end to Middle East war, Barrot says
NEAR TEL AVIV, Israel, March 20 (Reuters) - France's Foreign Minister Jean-Noel Barrot said he did not see an obvious end to the conflict in the Middle East in the short-term, but that France and its allies would continue to work towards trying to find a lasting solution."There is no obvious...
Reuters
Fri, Mar 20
Oil: Supply response tempers geopolitical spike – OCBC
OCBC’s Sim Moh Siong highlights that crude briefly surged toward USD120/bbl on Iranian attacks before easing as US officials signalled supply support and Israel suggested faster de-escalation.
Fxstreet
Fri, Mar 20
Gold: Near-term pressure versus structural support – OCBC
OCBC’s Christopher Wong reports that Gold has come under pressure as rising global yields and renewed inflation risks reduce expectations for near-term rate cuts, prompting ETF outflows and stress-driven liquidation.
Gold
Fxstreet
Fri, Mar 20
GRAINS-Corn and wheat lower as crude rally pauses
Oil supply plans ease investor concerns, removing support for grainsSoybeans nearly flat after three-day rallyLower weekly U.S. export sales, rain foreacst in U.S. Plains also curb prices BEIJING/PARIS, March 20 (Reuters) - Chicago corn and wheat futures retreated on Friday while soybeans were li...
Reuters
Fri, Mar 20
Gold remains under pressure as global interest rate outlook weighs on demand
Gold (XAU/USD) struggles to gain traction on Friday following a sharp two-day decline that pushed prices to their lowest level since early February, near the $4,500 mark.
Gold
Fxstreet
Fri, Mar 20
Restoring oil flow from Gulf could take six months, IEA chief tells FT
March 20 (Reuters) - The International Energy Agency chief Fatih Birol warned in an interview with the Financial Times on Friday that it could take up to six months to restore oil and gas flows from the Gulf, saying the world is facing what could be the most severe energy crisis in history."It w...
Reuters
Fri, Mar 20
Serbia to cut excise duties on crude oil, President Vucic says
BELGRADE, March 20 (Reuters) - Serbia will cut excise duties on crude oil by a cumulative 60% to calm the local market and offset the effects of the Israeli-U.S. war with Iran, the country's President Aleksandar Vucic said on Friday.Last week Serbia cut excise duties on fuel by 20% to prevent ...
Reuters
Fri, Mar 20
Russian oil set to regain top spot in India after February dip
India's Russian oil imports poised for record amid Gulf crisisU.S. waived Russian oil sanctions for India on March 6Brazil was fourth-biggest oil supplier to India in FebruaryBy Nidhi Verma NEW DELHI, March 20 (Reuters) - Iraq overtook Russia as India's biggest oil supplier in February, s...
Reuters
Fri, Mar 20
No official update from QatarEnergy on gas supply halt, Italy's Edison says
MILAN, March 20 (Reuters) - Edison EDNn.MI has not received an official update on how long a pause in gas supplies from QatarEnergy will last, the chief executive of the Italian utility said on Friday after the production plant of the Middle East group was bombed."We will do what is needed to gu...
Reuters
Fri, Mar 20
Serbia to cut excise duties on crude oil, President Vucic says
BELGRADE, March 20 (Reuters) - Serbia will cut excise duties on crude oil to calm the local market and offset the effects of the Israeli-U.S. war on Iran, country's President Aleksandar Vucic said on Friday."We will do it even at the cost of losing (state) revenues," Vucic told a news co...
Reuters
Fri, Mar 20
Asian LNG benchmark near 3-year peak after Iran attack reduces Qatar LNG export capacity, Platts says
SINGAPORE, March 20 (Reuters) - The Japan-Korea-Marker (JKM), widely used as an Asian LNG benchmark, was at $22.732 per million British thermal units (mmBtu) on Friday, after Iran attacks knocked out 17% of Qatar's export capacity, Platts, part of S&P Global Energy, told Reuters.While the pr...
Reuters
Fri, Mar 20
Italy in talks with U.S., Azerbaijan, Algeria to offset loss of gas from Qatar
By Elvira Pollina MILAN, March 20 (Reuters) - Italy is talking to several countries, including the United States, Azerbaijan and Algeria, to secure gas supplies now that Iranian strikes on Qatar appear to have halted its exports for an extended period, Energy Minister Gilberto Pichetto Fratin sai...
Reuters
Fri, Mar 20
NORDIC POWER-Forward prices tick down on wet weather outlook
March 20 (Reuters) - Nordic forward power prices ticked down on Friday, pressured by forecasts for precipitation in the hydropower-dependent region, while range-bound in the European gas market and tighter water reserves prevented further downside. Nordic front-quarter baseload power contract 0#NSBL...
Reuters
Fri, Mar 20
Asian LNG benchmark near 3-year top after Iran attack removes Qatar LNG export capacity-Platts
SINGAPORE, March 20 (Reuters) - The Japan-Korea-Marker (JKM), widely used as an Asian LNG benchmark, was at $22.732 per million British thermal units (mmBtu) on Friday, after Iran attacks knocked out 17% of Qatar's export capacity, Platts, part of S&P Global Energy, told Reuters.While the pr...
Reuters
Fri, Mar 20
PRECIOUS-Gold gains as traders buy dips, but on track for third weekly drop
Traders scale back Fed rate cut expectationsIran and Israel launch fresh attacks on each otherGold lost over 6% this weekBy Pablo Sinha March 20 (Reuters) - Gold prices rose on Friday on bargain hunting, but remained poised for a third straight weekly drop as signals of a hawkish U.S. Federal Re...
Reuters
Fri, Mar 20
Silver Price Forecast: XAG/USD sets for third straight negative weekly close
Silver price (XAG/USD) trades in a tight range around $72.80 during the European trading session on Friday. The white metal holds onto Thursday’s recovery move, which was driven by weakness in the US Dollar (USD).
Silver
Fxstreet
Fri, Mar 20
ANALYSIS-US airlines lean on demand, fares as Iran war rattles overseas peers
US carriers say strong demand is offsetting higher fuel costsMany overseas airlines face reroutings, flight cuts and weaker outlooksAnalysts say tight US capacity is helping fare increases stickBy Rajesh Kumar Singh CHICAGO, March 20 (Reuters) - U.S. airline chiefs are talking about the U.S.-Isra...
Reuters
Fri, Mar 20
Serbia secures US sanctions waiver for its NIS oil firm, energy minister says
NIS operates Serbia's sole oil refinery in PancevoCroatia's JANAF to continue key oil supplies to NISSerbia's President Vucic to announce energy-saving measures BELGRADE, March 20 (Reuters) - The U.S. Treasury Department has extended a sanctions waiver for Serbia's Russian-owned NIS ...
Reuters
Fri, Mar 20
ADVISORY-No technical reports from Wang Tao March 23-April 3
There will be no daily technical reports from Reuters markets analyst Wang Tao from March 23 to April 3. Routine reports will resume on April 6.
Reuters
Fri, Mar 20
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Friday, according to FXStreet data. Silver trades at $73.17 per troy ounce, up 0.45% from the $72.84 it cost on Thursday.
Silver
Fxstreet
Fri, Mar 20
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