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Fire at oil depot in Russia's Krasnodar region extinguished, local authorities say
MOSCOW, March 18 (Reuters) - A fire at the oil depot in Russia's southern Krasnodar region has been extinguished, local authorities said on Wednesday.The oil depot in the town of Labinsk caught fire on March 16 after a drone attack.Reuters
Wed, Mar 18
Toyota Tsusho partners with JOGMEC for heavy rare earth project in Namibia
TOKYO, March 18 (Reuters) - Japan's Toyota Tsusho 8015.T said on Wednesday it would partner with the Japan Organization of Metals and Energy Security (JOGMEC) in a project to develop heavy rare earths in Namibia. JOGMEC, in partnership with Canada-listed Namibia Critical Metals NMI.V, is devel...Reuters
Wed, Mar 18
Gasoline price hike from Iran war could push consumers toward EVs, hybrids
Gasoline price hikes from Iran conflict are hitting car marketEarly signs of rising interest in EVs amid gasoline-price surgeShifts in car-shopping patterns take sustained high prices, experts sayBy Nick Carey and Valerie Volcovici GUILDFORD, England/RICHMOND, Virginia, March 18 (Reuters) - The r...Reuters
Wed, Mar 18
TABLE-North Sea gas maintenance schedule: Adds UGS Bergermeer outage
March 18 (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
Wed, Mar 18
BREAKINGVIEWS-Latest oil crisis readies hammer for demand curve
By Robert Cyran NEW YORK, March 18 (Reuters Breakingviews) - It took two Middle East oil shocks for the world to really focus on energy efficiency. The result was a multi-decade, steady reduction in the amount required to produce a certain amount of wealth. If the region's latest crisis persi...Reuters
Wed, Mar 18
PRECIOUS-Gold edges down as investors weigh Mideast risks ahead of Fed decision
Iran rejects de-escalation as Israel kills Iranian security chiefFed expected to hold rates steady Oil prices remain above $100 a barrelBy Noel John March 18 (Reuters) - Gold prices edged lower on Wednesday as investors remained cautious, assessing the economic impact of the Middle East conflict ...Reuters
Wed, Mar 18
Iraqi and Kurdish authorities reach deal to resume oil exports to Turkey's Ceyhan port
Iraq’s oil minister said on Tuesday that the Iraqi government and the Kurdistan Regional Government (KRG) reached an agreement to resume oil exports to Turkey’s Ceyhan energy hub starting on Wednesday, Reuters reported.
Fxstreet
Wed, Mar 18
Citi: Brent Crude Seen at $110-$120 in Short Term, Expects Middle East Situation to Ease in Mid-to-Late April
TradingKey - A recent research report from international investment bank Citigroup (C) shows that the firm has raised its short-term baseline forecast range for Brent crude to $110-$120 per barrel. Regarding the Middle East geopolitical situation, Citi expects regional conflicts to potentially ease by mid-to-late April.TradingKey
Wed, Mar 18
Vietnam faces falling oil production as Iran war disrupts global supplies
Vietnam's crude oil output projected to fall in 2026-2030, government saysHanoi relies on imported oil, with much of its imports from Kuwait in 2025Vietnam to offer incentives to boost offshore exploration, document says By Khanh Vu HANOI, March 18 (Reuters) - Vietnam's domestic crude oil...Reuters
Wed, Mar 18
TECHNICALS-CBOT corn may retest support at $4.50-1/2
SINGAPORE, March 18 (Reuters) - CBOT corn CK26 may retest a support at $4.50-1/2 per bushel, a break below which may trigger a drop into $4.43-$4.46 range.A correction from $4.76 consists of three waves. The current wave (c) is capable of travelling to $4.38-3/4. However, before falling toward this ...Reuters
Wed, Mar 18
Israeli airstrike hits Beirut's Bachoura neighbourhood, Reuters witness says
BEIRUT, March 18 (Reuters) - An Israeli airstrike hit Beirut's Bachoura neighbourhood on Wednesday, a Reuters witness said, with a loud explosion heard in the area.The strike came after the Israeli military issued a statement urging the evacuation of a building in the central Beirut neighbourhoo...Reuters
Wed, Mar 18
Chipmakers in Malaysia monitoring risks from helium supply disruptions, association says
KUALA LUMPUR, March 18 (Reuters) - Semiconductor firms in Malaysia are monitoring risks from disruptions to helium supplies due to the conflict in the Middle East, though the situation has not caused any operational interruptions so far, an industry executive told Reuters. Helium prices have risen s...Reuters
Wed, Mar 18
TECHNICALS-CBOT soybeans may retest support at $11.44
For more technical analyses, please click SINGAPORE, March 18 (Reuters) - The CBOT soybean May contract SK26 may retest a support at $11.44 per bushel, a break below could open the way toward the $11.35 to $11.38-3/4 range. The market is riding on a wave (3), which consists of five small waves. The ...Reuters
Wed, Mar 18
GRAINS-Chicago soybeans fall as Trump-Xi meeting delay dampens Chinese demand hopes
BEIJING, March 18 (Reuters) - Chicago soybean futures fell on Wednesday as a delay in a meeting between U.S President Donald Trump and Chinese President Xi Jinping dampened hopes for continued Chinese demand for U.S. soybeans. The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1...Reuters
Wed, Mar 18
Cuba Restores Power After 29-hour Blackout Amid US Oil Blockade
HAVANA, March 17 (Reuters) - Cuba has reconnected its power grid on Tuesday and brought online its largest oil-fired power plant, energy officials said, putting an end to a nationwide blackout that lasted more than 29 hours amid a U.S. move to choke off the island's fuel supply.Reuters
Wed, Mar 18
UAE pledges 18 million barrel crude to South Korea, envoy says
SEOUL, March 18 (Reuters) - The United Arab Emirates has pledged to supply South Korea with 18 million barrels of additional crude oil and a shipment of naphtha, South Korea's presidential envoy to the Middle East, Kang Hoon-sik, said on Wednesday.Reuters
Wed, Mar 18
