News
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MSC to buy 50% stake in tanker giant Sinokor, Cypriot filing shows
LONDON, March 19 (Reuters) - Container shipping giant Mediterranean Shipping Company is to buy 50% stake in South Korean shipping firm Sinokor, according to a public filing in Cyprus.After the acquisition MSC will jointly control Sinokor with Mr. Ga-Hyun Chung, who holds the entire share capital of ...Reuters
Thu, Mar 19
RPT-ROI-Iran war leaves deep, costly scar on Mideast energy: Bousso
By Ron Bousso LONDON, March 19 (Reuters) - The Iran war has shattered the fragile coexistence among Gulf energy producers that long underpinned regional stability. Oil and gas markets will now carry a higher Middle East risk premium for years — if not decades.Now in its third week, the conflict h...Reuters
Thu, Mar 19
Russia says increased Ukrainian attacks threaten gas export routes
MOSCOW, March 19 (Reuters) - The Kremlin on Thursday condemned what it called an intensification of Ukrainian attacks on Gazprom gas compressor stations serving two major pipelines, saying such incidents threatened critical infrastructure and international energy routes.Gazprom said earlier that att...Reuters
Thu, Mar 19
ADNOC CEO says regional energy infrastructure, including ADNOC’s, targeted in attacks
DUBAI, March 19 (Reuters) - ADNOC Group Chief Executive Sultan Al Jaber said on Thursday that critical energy infrastructure across the region, including that of ADNOC in the United Arab Emirates, has come under attack. "This is an unjustified, unprovoked and illegal attack on a peaceful nation,...Reuters
Thu, Mar 19
Saudi port of Yanbu resumes oil loadings, two sources say
By Siyi Liu March 19 (Reuters) - Saudi oil loadings sent to the Red Sea port of Yanbu resumed after a brief halt that sent oil prices surging, two sources told Reuters on Thursday. Loadings were halted after staff had been evacuated, one of the sources said, after a drone crashed at Sau...Reuters
Thu, Mar 19
EU leaders seek quick fixes to energy price surge from Iran war
EU exposed to price surges by reliance on imported energy No magic solution' to reduce prices, one diplomat saysDivisions over weakening EU carbon market to cut costs By Kate Abnett BRUSSELS, March 19 (Reuters) - European Union leaders were seeking quick fixes at a summit on Thursday to curb ...Reuters
Thu, Mar 19
Italy to spend 417 million euros to cut excise duties on fuels, decree shows
ROME, March 19 (Reuters) - Italy has set aside some 417.4 million euros ($478 million) to cut excise duties on fuels until April 7, a decree approved by the cabinet late on Wednesday showed, as Rome struggles to find ways to help families and firms cope with high energy costs.Published in the Offici...Reuters
Thu, Mar 19
High energy prices may push firms out of Germany, says minister
BERLIN, March 19 (Reuters) - Germany's economy minister is concerned about the effects of attacks on oil refineries and gas fields in the Gulf and said that high energy prices could drive companies out of Europe's biggest economy.Minister Katherina Reiche said on Thursday this was something ...Reuters
Thu, Mar 19
Russia vows compensation for culled cattle after farmers protests
Regional governor promises compensationPolice, animal doctors go to more farmsScientists say diseases do not require culling of cattle Kazakhstan expands ban on meat, livestock imports from RussiaBy Gleb Bryanski MOSCOW, March 19 (Reuters) - Russian officials promised compensation to farmers in t...Reuters
Thu, Mar 19
Facing US oil blockade, Cuban man powers car with charcoal
Cubans innovate to circumvent fuel shortagesModifications built entirely from scrap and repurposed partsPolish-built 1980 model reaches top speed of 70 kph on charcoalBy Daniel Trotta AGUACATE, Cuba, March 19 (Reuters) - Juan Carlos Pino, a Cuban mechanic with an eighth-grade education, may have ...Reuters
Thu, Mar 19
FACTBOX-Oil majors' output in the Middle East
March 19 (Reuters) - Most oil and gas majors operate in the Middle East, where the U.S.-Israeli war on Iran has disrupted shipping and output. Shell’s Pearl plant and Saudi Arabia’s SAMREF refinery were reported damaged , while TotalEnergies said 15% of production is offline. Her...Reuters
Thu, Mar 19
CORRECTED-WRAPUP 2-Trump says Israel won't attack Iran gas field again after it 'violently lashed out'
Trump warns Iran not to attack neighbors over Israel's South Pars strikeIran strikes hit Qatar gas facilities, target RiyadhIslamic foreign ministers condemn Iran attacks on neighborsTrump considering sending more troops to Middle EastBy Andrew Mills and Timour Azhari DOHA/RIYADH, March 19 (R...Reuters
Thu, Mar 19
Saudi port of Yanbu stops oil loadings, two sources say
March 19 (Reuters) - The Saudi port of Yanbu, one of two major remaining export routes for Gulf Arab oil after Iran effectively shut the Strait of Hormuz, has stopped oil loadings, two sources told Reuters on Thursday, after the Saudi defence ministry said it intercepted a ballistic missile over the...Reuters
Thu, Mar 19
PRECIOUS-Gold falls to over one month low on hawkish Fed tone
Fed, BoC, and BoJ keep interest rates on hold amid inflation concernsECB expected to hold interest rates steady Oil rises over $115 a barrel after Iran strikes Middle East energy facilitiesBy Pablo Sinha March 19 (Reuters) - Gold prices fell to their lowest level in more than a month on Thursday...Reuters
Thu, Mar 19
Russia to supply energy with mutually acceptable payment practices, Sorokin says
Russia cooperating with India on oilRussia will supply at market prices Russia will offer mutually acceptable payment options By Sethuraman N R NEW DELHI, March 19 (Reuters) - Russia will continue to supply energy at market prices without any consideration for Western sanctions and will offer mut...Reuters
Thu, Mar 19
EU has tools to bypass Hungary's Ukraine loan veto but must show courage, Kallas says
BRUSSELS, March 19 (Reuters) - There are alternatives to overcome Hungary's veto on a 90 billion euro ($103 billion) loan to Ukraine but they will need political courage from European leaders, EU foreign policy chief Kaja Kallas said on Thursday."There are alternatives, but let's see how...Reuters
Thu, Mar 19
TECHNICALS-NY coffee may bounce to $3.2130 in Q2
For more technical analyses, please click SINGAPORE, March 19 (Reuters) - New York coffee KCc2 could bounce to $3.2130 per lb in the second quarter, having found support around $2.8775.The contract failed to break this support at its first attempt in January 2025, even though it touched a low of $2....Reuters
Thu, Mar 19
