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Shell says Pearl GTL facility's train two in Qatar requires around a year for full repair
LONDON, March 20 (Reuters) - Shell SHEL.L said on Friday that full repair of its train two at the Pearl GTL (gas-to-liquids) facility in Qatar would take around a year, confirming a statement to Reuters from QatarEnergy, after Iranian attacks earlier this week. Shell said train one at the facility w...
Reuters
Fri, Mar 20
Russia says multiple cattle illnesses are complicating Siberian outbreak
Culling of sick cattle sparks rare protestsOfficial says other illnesses complicating pasteurellosis outbreakUS report cites possibility of foot-and-mouth diseaseBy Gleb Bryanski MOSCOW, March 20 (Reuters) - Russian authorities said on Friday "other diseases" were complicating an outbreak...
Reuters
Fri, Mar 20
Bangladesh eyes more than $2 billion in fresh funds to mitigate fuel, LNG crisis
Bangladesh in talks with major lenders for energy fundsIMF visit aims to expedite fund release before fiscal year endsBangladesh diversifies energy sources amid Middle East tensions DHAKA, March 20 (Reuters) - Bangladesh is seeking billions in external financing to secure fuel and liquefied n...
Reuters
Fri, Mar 20
EXCLUSIVE-Tesla in talks with Chinese firms to buy $2.9 billion worth of solar equipment, sources say
Tesla eyeing purchase of equipment to manufacture solar panels, cells from ChinaSome equipment would require export approval from BeijingChina's Suzhou Maxwell among potential candidatesTesla aims to add 100 GW of solar capacity March 20 (Reuters) - Tesla TSLA.O is looking to buy equipment wo...
Reuters
Fri, Mar 20
Vatican launches project encouraging disinvestment from mining sector
By Joshua McElweeVATICAN CITY, March 20 (Reuters) - The Vatican on Friday launched an international project encouraging disinvestment from the mining sector, in an unusual initiative by the Catholic Church to steer investments away from a specific industry. Officials said the new initiative, backed ...
Reuters
Fri, Mar 20
India sees Qatar LNG supply cut after Iran strike
By Nidhi Verma NEW DELHI, March 20 (Reuters) - Liquefied natural gas (LNG) supplies from Qatar to India could be impacted following Iranian strikes on energy facilities in the Middle Eastern nation, a government official said on Friday.India, the world's fourth-largest LNG importer, relies on...
Reuters
Fri, Mar 20
PRESS DIGEST-Canada - March 20
March 20 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILCanaccord Genuity Group CF.TO, Canada's largest independent investment bank, is reworking leadership of its U.S...
Reuters
Fri, Mar 20
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
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