News
Important Only
Air Products' European operations hit as Middle East conflict lifts energy costs
By Sumit Saha March 18 (Reuters) - Industrial gases maker Air Products' APD.N operations in Europe are being significantly impacted by rising energy costs, as supply disruptions due to the Middle East conflict send oil and liquefied natural gas prices soaring. However, overall impact has been...Reuters
Wed, Mar 18
Cambodia turns to Singapore, Malaysia for fuel as Vietnam, China restrict supplies
Vietnam, China restrict exports to ensure local availabilityMany Cambodia petrol stations reopen after a third were closed last weekCambodia energy minister says stockpiles near historical averageCambodia in talks with Australia's Woodside for LNG supplyRenewables expansion helped cushion oil sh...Reuters
Wed, Mar 18
US expected to issue Jones Act waiver on domestic shipping as soon as Wednesday, sources say
WASHINGTON, March 18 (Reuters) - The United States is expected to issue a waiver of the Jones Act shipping regulation as soon as Wednesday to help ease deliveries of fuel and fertilizer, according to three sources familiar with the matter.The waiver, which will allow foreign vessels to move between ...Reuters
Wed, Mar 18
US natural gas futures dip as mild weather and lower demand loom
US natural gas futures fall due to milder weather forecastsMonthly gas output in Lower 48 states rises, but daily output dropsRecord heat in Los Angeles boosts gas demand for power generationBy Scott DiSavino NEW YORK, March 18 (Reuters) - U.S. natural gas futures eased about 1% to a one-week low...Reuters
Wed, Mar 18
Russia condemns U.S.-Israeli strike near Iran's Bushehr nuclear plant reactor
MOSCOW, March 18 (Reuters) - Russia on Wednesday condemned a strike near Iran's Bushehr nuclear power plant a day earlier which it said was just metres away from its reactor and called on the United States and Israel to stop attacking the Islamic Republic's nuclear facilities. Maria Zakharov...Reuters
Wed, Mar 18
German foreign ministry strongly discourages travel to Cuba
BERLIN, March 18 (Reuters) - Germany's foreign ministry strongly discouraged citizens from going to Cuba due to an acute energy crisis that particularly limits medical care in a travel notification sent on Wednesday.Flight and hotel options are also limited, said the ministry, and further, last-...Reuters
Wed, Mar 18
US issues general license authorizing certain deals involving Venezuela's PDVSA
March 18 (Reuters) - The United States has issued a general license authorizing certain deals involving Venezuela's state oil company PDVSA, a notice on the U.S. Treasury Department website showed on Wednesday.Reuters
Wed, Mar 18
White House says China agreed to postpone Trump's Beijing trip
WASHINGTON, March 18 (Reuters) - The White House said on Wednesday that China had agreed to postpone U.S. President Donald Trump's visit to Beijing.Spokeswoman Karoline Leavitt said they were working on getting new dates as soon as they could. China's embassy in Washington did not immediatel...Reuters
Wed, Mar 18
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
March 18 (Reuters) - A surge in jet fuel prices, driven by the U.S.-Israeli war on Iran, has upended the global aviation industry, prompting airlines to raise fares and revise financial outlooks.Jet fuel prices have soared from $85-$90 per barrel to $150-$200 per barrel in recent days for an indust...Reuters
Wed, Mar 18
Russia says Belgium PM's call for normalisation of ties shows there is some sanity in Europe
MOSCOW, March 18 (Reuters) - Russian Foreign Ministry spokeswoman Maria Zakharova said on Wednesday that a call by Belgian Prime Minister Bart De Wever to normalise relations with Moscow shows that there was still some sanity left in some parts of Europe.De Wever's comments, in an interview with...Reuters
Wed, Mar 18
Copper: Inventory surge weighs on prices – ING
ING commodities strategists Warren Patterson and Ewa Manthey note that Copper prices have come under pressure following a sharp increase in exchange inventories. LME Copper stocks have risen to their highest level since 2019, driven by inflows into Taiwan and Baltimore.Fxstreet
Wed, Mar 18
Iran warns of strikes on Gulf oil facilities 'in coming hours', state media reports
DUBAI, March 18 (Reuters) - Iran issued an evacuation warning for several oil facilities across Saudi Arabia, the UAE, and Qatar, saying they would be targeted by strikes "in the coming hours", Iranian state media reported on Wednesday.The warning was directed at Saudi Arabia's Samref Re...Reuters
Wed, Mar 18
PRECIOUS-Gold falls to over one-month low on higher‑for‑longer rate outlook
Israel strikes central Beirut as war expandsFed likely to hold rates steady as Iran war shocks policy debateUS producer prices surge in FebruaryBy Ashitha Shivaprasad March 18 (Reuters) - Spot gold fell over 3% to a more than one‑month low on Wednesday, dragged down by a firmer dollar and a jump ...Reuters
Wed, Mar 18
CBOT Trends-Wheat up 1-3 cents, corn and soybeans mixed
CHICAGO, March 18 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday: WHEAT - Up 1 to 3 cents per bushelWheat futures were firmer on concern about dry conditions in the U.S. Pl...Reuters
Wed, Mar 18
Solenis Announces Energy Surcharge Following Middle East Conflict
March 18 (Reuters) - SOLENIS ANNOUNCES ENERGY SURCHARGE FOLLOWING MIDDLE EAST CONFLICTSOLENIS: WILL IMPLEMENT A GLOBAL ENERGY SURCHARGE OF 8-14%, EFFECTIVE APRIL 1SOLENIS: CO'S SUPPLY CHAIN TEAMS ACTIVELY MANAGING GLOBAL FLOWS & WORKING AROUND CLOCK TO SAFEGUARD CONTINUITY DURING MIDDLE EAST...Reuters
Wed, Mar 18
IAEA does not know status of new Iranian enrichment facility in Isfahan, Grossi says
WASHINGTON, March 18 (Reuters) - The International Atomic Energy Agency does not know the status of the new Iranian enrichment facility in Isfahan that is in an underground nuclear complex, agency chief Rafael Grossi said on Wednesday."It is underground, but we haven't visited it yet," s...Reuters
Wed, Mar 18
EXCLUSIVE-Macquarie walks away from Kuwait oil pipelines deal amid Iran war, sources say
KPC seeks non-binding offers by April 7 despite challengesSaudi Arabia asset sales among other deals continuingMacquarie says it remains committed to the regionOther Gulf deals proceed cautiously By Hadeel Al Sayegh, Federico Maccioni and Andres Gonzalez March 18 (Reuters) - Macquarie MQG.AX has ...Reuters
Wed, Mar 18
Indonesia awards nine oil and gas blocks to achieve energy security
JAKARTA, March 18 (Reuters) - Indonesia awarded nine oil and gas blocks to several companies, with an investment commitment valuing nearly $85 million, its Energy Ministry said on Wednesday, with the blocks expected to help the country to achieve its energy security goals.Here are some key points fr...Reuters
Wed, Mar 18
Russia condemns U.S.-Israeli strike near Iran's Bushehr nuclear plant just 'metres away from power unit'
MOSCOW, March 18 (Reuters) - Russia's foreign ministry on Wednesday condemned a strike near Iran's Bushehr nuclear power plant a day earlier which it said was just metres away from an energy unit and called on the United States and Israel to stop attacking the Islamic Republic's nuclear ...Reuters
Wed, Mar 18
