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Asia pivots to coal as Middle East conflict chokes LNG supply
Asia spot LNG prices double while coal up around 14%War-driven LNG shock seen destroying Asian gas demandBangladesh, Philippines, Thailand ramp up coal outputLNG infrastructure investments at risk in South AsiaBy Sudarshan Varadhan, Emily Chow and Ariba Shahid SINGAPORE/KARACHI, March 17 (Reuters...Reuters
Tue, Mar 17
Prices Rise as Attacks in Middle East and LNG Supply Fears Continue
By Nina Chestney LONDON, March 17 - Benchmark Dutch wholesale gas prices rose on Tuesday morning, in line with the crude oil market, as the U.S.-Israeli war on Iran continued and with little prospect of unlocking oil and gas exports through the Strait of Hormuz in the short term.The benchmark Dut...Reuters
Tue, Mar 17
Copper Falls as Higher Oil Prices Fan Fears Over Inflation, Growth
March 17 (Reuters) - Copper flipped into the red on Tuesday as Iran launched fresh attacks on U.S. allies in the Gulf region in the third week of the war, pushing up oil prices and fanning fears over growth and inflation.The most-active copper contract SCFcv1 on the Shanghai Futures Exchange decline...Reuters
Tue, Mar 17
Rubio, South Korea's Cho agree Strait of Hormuz key to global economy, Seoul says
South Korea among countries called on by U.S. President Trump to join naval operation in Strait of HormuzForeign Minister Cho declines to reveal discussions with U.S.South Korea operates one of the world's top naval fleetsBy Jack Kim and Kyu-seok Shim SEOUL, March 17 (Reuters) - U.S. Secretar...Reuters
Tue, Mar 17
Iraq in talks with Iran to safeguard oil tanker traffic through Hormuz
DUBAI, March 17 (Reuters) - Iraq's oil minister said Baghdad is talking to Iran about allowing some of the country's oil tankers to pass through the Strait of Hormuz, the state news agency reported on Tuesday, as Iraq seeks to ease disruptions to crude exports following recent attacks on tan...Reuters
Tue, Mar 17
South Korea says sending warship to Strait of Hormuz would require parliamentary approval
SEOUL, March 17 (Reuters) - South Korea's Defence Minister Ahn Gyu-back said on Tuesday that sending a warship to the Strait of Hormuz would require parliamentary approval. Seoul is not considering sending its Cheonghae unit's warship called ROKS Dae Jo-yeong to the Strait of Hormuz, Ahn sai...Reuters
Tue, Mar 17
China oil majors resume seeking Russian oil after a 4-month halt, sources say
By Chen Aizhu and Florence Tan SINGAPORE, March 17 (Reuters) - Chinese state oil majors looking to head off supply shortages caused by the war in the Middle East have resumed seeking Russian crude cargoes after a four-month hiatus, taking advantage of a U.S. sanctions waiver, five trade sources s...Reuters
Tue, Mar 17
Iraq in talks with Iran to allow oil tankers through Hormuz Strait, oil minister says
DUBAI, March 17 (Reuters) - Iraq's oil minister said Baghdad is in contact with Iran to allow some oil tankers to pass through the Strait of Hormuz, the state news agency reported on Tuesday.Iraq is also working to resume exports through the Kirkuk-Ceyhan pipeline to Turkey as it seeks to offset...Reuters
Tue, Mar 17
China, US in communication over Trump's visit, foreign ministry says
BEIJING, March 17 (Reuters) - China and the U.S. are in communication over President Donald Trump's visit to China, Chinese foreign ministry spokesperson Lin Jian said on Tuesday after Trump said he was seeking to delay the planned trip.Trump on Monday said he is requesting delay for the early A...Reuters
Tue, Mar 17
Idemitsu:Decision Taken To Invest In Midocean Energy For Full-Scale Entry Into LNG Business
March 17 (Reuters) - Idemitsu Kosan Co Ltd 5019.T:IDEMITSU: DECISION TAKEN TO INVEST IN MIDOCEAN ENERGY FOR FULL-SCALE ENTRY INTO LNG BUSINESSIDEMITSU: DECIDED TO MAKE INVESTMENT OF $500 MILLION IN MIDOCEAN ENERGYSource text: [ID:]Reuters
Tue, Mar 17
TABLE-North Sea gas maintenance schedule: Revises Barrow (North Terminal) outage
March 17 (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
Tue, Mar 17
PRECIOUS-Gold firms as investors assess Middle East fallout ahead of policy decisions
Iran's Araqchi says Strait of Hormuz is only closed to 'enemies'Several allies decline US call to escort shipping in HormuzFed expected to hold rates steady in policy meeting this weekBy Noel John March 17 (Reuters) - Gold prices edged higher on Tuesday, buoyed by easing fears of prol...Reuters
Tue, Mar 17
ROI-Iran's $200 oil threat isn't that far-fetched: Bousso
By Ron Bousso LONDON, March 17 (Reuters) - Iran’s threat to send oil prices to $200 a barrel may sound like bombast, but as the energy crisis drags on, that outcome looks more likely than U.S. President Donald Trump’s prediction that prices will soon fall back to pre-war levels.Now in its third w...Reuters
Tue, Mar 17
Kazakhstan, Russia discuss boosting Russian oil transit to China to 12.5 mln t per year, Kaztransoil says
ALMATY, March 17 (Reuters) - Kazakhstan and Russia are in talks to increase Russian oil transit to China to 12.5 million metric tons (mmt) per year from 10 mmt, Kazakh pipeline company Kaztransoil said on Tuesday.Kaztransoil said it plans to export 474,000 mmt of oil via the Caspian Pipeline Consort...Reuters
Tue, Mar 17
PRESS DIGEST -Wall Street Journal - March 17
March 17 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Warner Bros Discovery WBD.O Chief Executive David Zaslav could collect more than $800 million in severance and other payments after r...Reuters
Tue, Mar 17
REFILE-Fire at Abu Dhabi's Shah gas field caused by drone attack, media office says
March 16 (Reuters) - Authorities in Abu Dhabi on Monday were dealing with a fire at the Shah gas field caused by a drone attack and said that no injuries had been reported so far, the Abu Dhabi media office reported. The Shah field is one of the world's largest of its kind and is located 180 km ...Reuters
Tue, Mar 17
