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CERAWEEK-Kuwait would take 3-4 months to hit full oil output if war ended today, KPC CEO says
HOUSTON, March 24 (Reuters) - Kuwait could ramp up oil production relatively quickly if the U.S.-Israel war with Iran were to end today, hitting full production capacity in 3-4 months, Shaikh Nawaf Al-Sabah, CEO of Kuwait Petroleum Corporation, said on Tuesday in a video address to the CERAWeek ener...Reuters
17 hours ago
Hungary's MOL has U.S. approval to continue NIS acquisition talks
BUDAPEST, March 24 (Reuters) - Hungary's MOL said it received U.S. approval to continue negotiations regarding the acquisition of a majority stake in Serbia's NIS refinery, with the deadline for negotiations extended until May 22.In December, the U.S. Treasury's Office of Foreign Assets ...Reuters
17 hours ago
Turkey says no problem with gas flow from war-hit Iran
ISTANBUL, March 24 (Reuters) - Turkey's energy minister said on Tuesday there are no problems with natural gas flow from war-hit Iran and that Turkey's storage facilities are 71% full, according to his comments to reporters after a cabinet meeting. Turkish media quoted the minister, Alparsla...Reuters
17 hours ago
Ukraine discusses $1.4 billion DFC loan to restore gas production sites
KYIV, March 24 (Reuters) - Ukrainian Energy Minister Denys Shmyhal has discussed with U.S. counterpart Chris Wright a possible $1.4 billion loan from the U.S. International Development Finance Corporation to restore energy facilities at Ukraine's gas production sites, he said on Tuesday in a pos...Reuters
17 hours ago
CERAWEEK-Venture Global has adequate long-term supply of LNG, CEO says
HOUSTON, March 24 (Reuters) - Liquefied natural gas exporter Venture Global has adequate short, medium and long-term supplies and is working with countries around the world to deliver critical cargoes, CEO Mike Sabel said on Tuesday at the CERAWeek energy conference in Houston, Texas. The comments c...Reuters
17 hours ago
Smithfield Foods tops quarterly estimates, flags Middle East-related cost pressures
March 24 (Reuters) - Smithfield Foods SFD.O on Tuesday beat analysts' estimates for the fourth-quarter results, driven by strong demand, and said it expects the Middle East conflict to raise its fuel, corn and packaging costs. Shares of the U.S. pork processor jumped 5% in morning trading after ...Reuters
17 hours ago
CERAWEEK-Venezuela needs to "rewire" fiscal system to attract investment, ConocoPhillips CEO says
By Sheila Dang HOUSTON, March 24 (Reuters) - Venezuela needs to "completely rewire" its fiscal system to attract new investment, ConocoPhillips COP.N CEO Ryan Lance said on Tuesday at the CERAWeek conference in Houston, underscoring the challenges facing the country's oil industry in ...Reuters
17 hours ago
Molten Salt Solutions Signs Strategic Agreements To Supply Enriched Lithium For Fusion Energy
March 24 (Reuters) - MOLTEN SALT SOLUTIONS :MOLTEN SALT SOLUTIONS SIGNS STRATEGIC AGREEMENTS TO SUPPLY ENRICHED LITHIUM FOR FUSION ENERGYMOLTEN SALT :INITIAL QUANTITIES COULD BEGIN WITH KILOGRAM-SCALE MATERIALS FOR TESTING AS EARLY AS 2027, WITH POTENTIAL EXPANSION TO SEVERAL 100 TONMOLTEN SALT SOLU...Reuters
17 hours ago
US music publishers suing Anthropic make their case against AI 'fair use'
By Blake Brittain March 24 (Reuters) - Music publishers Universal Music Group UMG.AS, Concord and ABKCO have asked a judge in California to rule that U.S. copyright law does not insulate artificial intelligence startup Anthropic from liability for copying their song lyrics to train its AI-powered...Reuters
17 hours ago
France supports farmers as fuel and fertiliser prices surge
PARIS, March 24 (Reuters) - France announced emergency measures on Tuesday to help farmers struggling with soaring fuel and fertiliser costs resulting from the war in Iran, but farmers said these steps were insufficient, with many farms at risk. Higher prices for diesel, gas and fertilisers are thre...Reuters
18 hours ago
CERAWEEK-Energy shortages in Europe could hit by next month, warns Shell CEO
Energy shortages in Europe could hit next month, warns Shell CEOMiddle East conflict affecting global energy suppliesShell exploring gas and oil opportunities in VenezuelaBy Stephanie Kelly and Marianna Parraga HOUSTON, March 24 (Reuters) - Energy shortages could hit Europe by next month, Shell S...Reuters
18 hours ago
CERAWEEK-Kazakhstan crude output restored after CPC disruption, energy minister says
By Georgina McCartneyHOUSTON, March 24 (Reuters) - Kazakhstan's crude production has been restored following loading disruption at the CPC pipeline in December and January, Energy Minister Yerlan Akkenzhenov said on Tuesday at the CERAWeek energy conference in Houston.The country is "very de...Reuters
18 hours ago
CERAWEEK-Venezuela needs to "rewire" fiscal system to attract investment, ConocoPhillips CEO says
By Sheila DangHOUSTON, March 24 (Reuters) - Venezuela needs to "completely rewire" its fiscal system to attract new investment, ConocoPhillips CEO Ryan Lance said on Tuesday at the CERAWeek conference in Houston, underscoring the challenges facing the country's oil industry in the wake o...Reuters
18 hours ago
CERAWEEK-US will roll out pilot surveys to track energy use by data centers
By Laila Kearney NEW YORK, March 24 (Reuters) - The U.S. Department of Energy's information arm will launch a series of pilot surveys on Wednesday aimed at gauging the energy use of the country's data centers, the administrator of the agency told Reuters.Silicon Valley is pouring hundreds...Reuters
18 hours ago
Microsoft president says building data centres requires trust of US communities
By Laila KearneyHOUSTON, March 24 (Reuters) - Gaining the approval of local communities has become paramount to building data centers in the U.S., Microsoft President Brad Smith said on Tuesday, as towns across the country increasingly protest the developments.The rapid proliferation of Big Tech dat...Reuters
18 hours ago
PRECIOUS-Gold holds steady as investors focus on Middle East developments
Pakistan offers to host peace talks to end war on IranSpot gold down 21% from record peak hit in January Silver edges 1.1% higher By Ashitha Shivaprasad March 24 (Reuters) - Gold held steady on Tuesday after touching a four-month low in the previous session, as markets assessed developments i...Reuters
18 hours ago
Mike Lynch's estate refused permission to appeal in UK HP-Autonomy case
HP says ruling awards it $1.24 bln in damages, interestLynch's estate refused permission, but can still appealTycoon died in yacht sinking, shortly after 2024 acquittalBy Sam Tobin LONDON, March 24 (Reuters) - The estate of late British tech tycoon Mike Lynch was on Tuesday refused permission...Reuters
18 hours ago
SOFTS-Raw sugar hits five-month high while coffee also gains
LONDON, March 24 (Reuters) - Raw sugar futures on ICE rose to a five-month high on Tuesday, boosted by gains in energy markets, while coffee and cocoa prices also gained. SUGAR Raw sugar SBc1 was up 1.5% at 15.75 cents per lb by 1507 GMT after setting a five-month high of 15.81 cents....Reuters
18 hours ago
Microsoft president says winning trust of US communities is paramount to building data centers
NEW YORK, March 24 (Reuters) - Gaining the approval of local communities has become paramount to building data centers in the U.S., Microsoft President Brad Smith said on Tuesday, as towns across the country increasingly protest the developments."You have to win over the local community and main...Reuters
18 hours ago
Traders bet $500 million on oil price just before Trump's post on delay to Iran attack
Traders bet heavily on crude 15 minutes before Trump announced delay to attackOil prices plunged 15% after Trump's post on Iran talksTrading volumes have doubled amid Middle East conflict, reaching record highsBy Amanda Cooper LONDON, March 24 (Reuters) - Traders bet half a billion dollars on...Reuters
18 hours ago
