News
Important Only
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
Saudi Red Sea port Yanbu targeted in aerial attack, minimal impact, source says
DUBAI, March 19 (Reuters) - Saudi Arabia's Red Sea port of Yanbu, currently the only export outlet for its crude, was targeted in an aerial attack on Thursday, an industry source said, adding there was minimal impact.It was not immediately clear what specifically was targeted in Yanbu.Saudi Aram...Reuters
Thu, Mar 19
TABLE-North Sea gas maintenance schedule: Adds UGS Bergermeer outage
March 19 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUT...Reuters
Thu, Mar 19
Gold Comes Off One-month Low on Dollar Pause; Hawkish Fed Caps Gains
Gold rose on Thursday after briefly touching a more than one-month low, as a pause in the U.S. dollar rally offered support, but gains were capped by a hawkish Federal Reserve, which limited hopes for near-term rate cuts.Reuters
Thu, Mar 19
Asia's Russian fuel imports poised to hit all-time high due to Middle East disruption
Imports rise to meet shortfall in Mideast supply High-sulphur markets ease after waiver but still strongForward curve structure holds firmly in backwardationBy Jeslyn Lerh SINGAPORE, March 19 (Reuters) - Asia is expected to import a record volume of fuel oil from Russia in March after the U.S. ea...Reuters
Thu, Mar 19
CORRECTED-WRAPUP 1-Trump vows no more attacks by Israel on Iran gas field after it 'violently lashed out'
Trump warns Iran not to attack neighbours over Israel's South Pars strikeIran strikes hit Qatar gas facilities, target RiyadhIslamic foreign ministers condemn Iran attacks on neighboursTrump considering sending more troops to Middle EastBy Andrew Mills and Timour Azhari DOHA/RIYADH, March 19 ...Reuters
Thu, Mar 19
Qatar says Iran attacked LNG hub; UAE shuts gas facilities
Iranian missile attacks cause extensive damage to Qatar's LNG facilitiesTrump warns of massive response if Iran attacks Qatari LNG againUAE shuts gas facilities after intercepting missiles, no injuries reportedQatar expels Iranian attaches, condemns attack as national security threatBy Yomna Eha...Reuters
Thu, Mar 19
TECHNICALS-CBOT corn may test support at $4.61
SINGAPORE, March 19 (Reuters) - CBOT corn CK26 may test support at $4.61 per bushel, a break below which may trigger a drop into the $4.54-3/4 to $4.58-1/4 range.The contract failed to break a resistance at $4.67-1/4. The failure triggered a pullback toward a falling trendline, which establishes sup...Reuters
Thu, Mar 19
