News
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Analysts See Long‑Term ‘Post‑War’ Strain Ahead as Natural Gas Prices Spike
Tradingkey - Recent attacks by Iran on key energy infrastructure across the Gulf have damaged Ras Laffan Industrial City — one of the world’s largest liquefied natural gas (LNG) export hubs in Qatar — driving oil and gas prices sharply higher.
TradingKey
Thu, Mar 19
European airlines call for suspension of synthetic fuel mandate
BRUSSELS, March 19 (Reuters) - European airlines on Thursday urged the European Union to postpone new rules that would force airlines to use a certain amount of synthetic green jet fuel, or eSAF, from 2030."We are calling for the eSAF mandate to be postponed until eSAF is actually available,"...Reuters
Thu, Mar 19
Silver Price Forecast: XAG/USD nosedives to $70 as Fed is unlikely to cut interest rates this year
Silver price (XAG/USD) plummets almost 6.5% to near $70 during the European trading session on Thursday. The white metal faces intense selling pressure as traders raise bets favoring an extended pause by the Federal Reserve (Fed).
Fxstreet
Thu, Mar 19
From chemical producers to sento baths, Japan feels the heat from Middle East supply crisis
Japan gets around 90% of its oil from the Middle EastOpened taps for a record oil stockpile release on MondayPetrochemicals, steel, refineries and even sento baths are hitBy Katya Golubkova and Mariko Katsumura TOKYO, March 19 (Reuters) - Japanese companies, from steel producers to chemical firms...Reuters
Thu, Mar 19
Exxon, BP, Vitol ship most US fuels to Australia for a single month in three decades, traders say
At least 200,000 tons of refined fuels to be shippedTankers will mostly be loaded by the end of MarchVoyage typically takes 30-40 daysAustralia usually relies on Asia for most of its fuel importsBy Trixie Yap and Shariq Khan SINGAPORE/NEW YORK, March 19 (Reuters) - ExxonMobil, BP and Vitol are sh...Reuters
Thu, Mar 19
Singapore fuel oil inventories hold high; non-Mideast imports firm
By Jeslyn Lerh SINGAPORE, March 19 (Reuters) - Onshore fuel oil inventories in Singapore tanks continued to hold above last month's average levels, with non-Middle Eastern imports firming in the week, data showed.Residual fuel stockpiles were at 24.04 million barrels (about 3.79 million metri...Reuters
Thu, Mar 19
Normalisation with Russia only possible in peace scenario, Belgian PM says
BRUSSELS, March 19 (Reuters) - A normalisation of relations with Russia would only be possible in a scenario of peace, Belgian Prime Minister Bart De Wever said on Thursday.De Wever in recent interviews had called for a reparation of European relations with Moscow to regain access to its cheap energ...Reuters
Thu, Mar 19
Will the Iran conflict end Meloni's long Italian honeymoon?
By Stefano BernabeiROME, March 19 (Reuters) - Italy has enjoyed unusual government stability since Prime Minister Giorgia Meloni took office more than three years ago, with a prudent fiscal policy and moderate international stance finding favour with financial markets and voters.But the fallout from...Reuters
Thu, Mar 19
BP PLC To Sell Gelsenkirchen Refinery To Klesch Group
March 19 (Reuters) - BP PLC BP.L:BP PLC - BP TO SELL GELSENKIRCHEN REFINERY TO KLESCH GROUPBP: PROPOSED DEAL INCREASES BP'S STRUCTURAL COST REDUCTION TARGET BY AROUND $1 BILLION TO $6.5 TO $7.5 BILLION BY 2027BP: DEAL INCLUDES GELSENKIRCHEN REFINERY AND BOTTROP TANK FARM; DHC SOLVENT CHEMIE GMB...Reuters
Thu, Mar 19
China says it is willing to work with Southeast Asian nations on energy security
BEIJING, March 19 (Reuters) - China is willing to strengthen coordination and cooperation with Southeast Asian countries to address energy security issues arising from the war in Iran, the Chinese foreign ministry said on Thursday. The situation in the Middle East has disrupted global energy securit...Reuters
Thu, Mar 19
Prolonged Iran crisis to push buyers to non-Mideast supply, JERA executive says
JERA considering extra spot LNG to cover shortfallsNo change to 27-year LNG contract with QatarEnergyNot pursuing more US upstream gas asset acquisitions for nowBy Yuka Obayashi and Katya Golubkova TOKYO, March 19 (Reuters) - A prolonged U.S.-Israeli war with Iran could push buyers to non-Middle ...Reuters
Thu, Mar 19
Saudi Aramco-Exxon refinery SAMREF in Saudi Arabia's Yanbu targeted, source says
By Yousef Saba and Jana Choukeir March 19 (Reuters) - Oil giant Saudi Aramco's SAMREF refinery in the Red Sea port of Yanbu was targeted in an aerial attack on Thursday, an industry source said, adding there was minimal impact, after other attacks on energy facilities in Qatar and the UAE in ...Reuters
Thu, Mar 19
PRECIOUS-Gold falls to over one-month low on firm dollar, hawkish Fed
Fed and BoC keep interest rates on hold amid inflation concernsTrump considers deploying troops to Middle EastOil rises over $110 a barrel after Iran strikes Middle East energy facilitiesBy Noel John March 19 (Reuters) - Gold prices fell to a more-than-one-month low on Thursday, weighed down by a...Reuters
Thu, Mar 19
Kuwait Petroleum Corporation says drone hit unit at Mina al-Ahmadi refinery causing limited fire
March 19 (Reuters) - Kuwait Petroleum Corporation said one of the operational units at the Mina al-Ahmadi refinery was hit on Thursday by a drone, resulting in a limited fire, state news agency KUNA reported. No injuries were reported.Reuters
Thu, Mar 19
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
Gold Briefly Drops Below $4,800 Mark. Is Safe-Haven Logic Changing?
TradingKey - International gold prices extended their corrective trend, weakening intraday to drop below the key 4,800 mark. Performance among safe-haven assets showed significant divergence as the US dollar continued to strengthen, indicating that capital is more inclined to hold high-liquidity assets during periods of rising uncertainty.
TradingKey
Thu, Mar 19
Australian farmers, miners feel diesel squeeze with Iran war
China's ban on product exports to exacerbate shortageSome farmers restricted from planting due to diesel rationingSmaller miners start to change operations to conserve diesel By Melanie Burton and Helen Clark MELBOURNE/PERTH, March 19 (Reuters) - Tight domestic diesel supplies due to limited ...Reuters
Thu, Mar 19
ROI-Iran war rattles the global aluminium supply chain: Andy Home
By Andy Home LONDON, March 19 (Reuters) - The U.S.-Israeli war on Iran is now in its third week and its impact on Gulf aluminium production and exports is accelerating disruption across an already fragmented physical supply chain. Two Gulf smelters are curtailing capacity, and the continued clo...Reuters
Thu, Mar 19
