News
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METALS-Copper up, but growth fears subdue sentiment
By Pratima Desai LONDON, March 16 (Reuters) - Copper prices rose on Monday as a softer dollar triggered profit-taking, but sentiment was subdued as surging oil prices due to the conflict in the Middle East fuelled fears about inflation and global growth. An outage on the London Metal Exc...Reuters
Mon, Mar 16
Oil prices ease as Trump calls for help to unblock Hormuz, some ships sail through strait
Trump calls for help to unblock Strait of HormuzIran allows some ships through Strait of HormuzIEA may release more oil to combat price spikesBy Scott DiSavino NEW YORK, March 16 (Reuters) - Oil prices eased about 1% on Monday as U.S. President Donald Trump repeated his call for help to unblo...Reuters
Mon, Mar 16
Europe Gasoline/Naphtha-Gasoline refining margins jump
LONDON, March 16 (Reuters) - Northwest European gasoline refinery profit margins jumped by nearly $5.50 to $17.70 a barrel on Monday in an active trading session. About 15,100 metric tons of E5 gasoline barges traded in the Argus window, with Varo, Equinor, Sahara Energy and Trafigura selling to She...Reuters
Mon, Mar 16
Cuba's national electric grid collapses, says grid operator
HAVANA, March 16 (Reuters) - Cuba`s national electric grid collapsed on Monday, the country's grid operator said, leaving around 10 million people without power amid a U.S.-imposed oil blockade that has crippled the island's already ailing generation system.Reuters
Mon, Mar 16
US Cash Grains-Soy, corn basis steady to mixed as CBOT futures slide
CHICAGO, March 16 (Reuters) - Cash basis bids for corn and soybeans in the U.S. Midwest were steady with a few mixed changes on Monday as Chicago Board of Trade futures contracts tumbled, discouraging farmer grain sales in the wake of last week's multi-month highs.CBOT May soybeans SK26 fell by ...Reuters
Mon, Mar 16
Guinea weighs bauxite export quotas as prices slide and freight costs rise, sources say
Global bauxite prices drop 20%-35% due to Guinea's export recoveryExport quotas could harm Guinea's economy, warns Panmure Liberum's PriceBy Maxwell Akalaare Adombila ACCRA, March 16 (Reuters) - Guinea, the world's top bauxite producer, is considering introducing export quotas for...Reuters
Mon, Mar 16
PRECIOUS-Gold eases as conflict-driven inflation fears counter dollar softness
Fed policy meeting due this weekStill very bullish on gold, analyst says Platinum gains nearly 4% By Ashitha Shivaprasad March 16 (Reuters) - Gold prices eased on Monday, as concerns that inflation stemming from the Middle East conflict could keep interest rates higher for longer outweighed suppo...Reuters
Mon, Mar 16
Trump on Iran: we don't know if new leader is still alive
WASHINGTON, March 16 (Reuters) - U.S. President Donald Trump said on Monday that it was unclear whether new Iranian leader Ayatollah Mojtaba Khamenei was still alive, given reports he had been injured in an air strike."We don't know ... if he's dead or not. I will say that nobody has see...Reuters
Mon, Mar 16
EU has 'no appetite' to expand Mideast naval mission to Strait of Hormuz, Kallas says
BRUSSELS, March 16 (Reuters) - European Union foreign ministers showed "no appetite" to expand an EU naval mission in the Middle East to the Strait of Hormuz for the time being, EU foreign policy chief Kaja Kallas said on Monday. U.S. President Donald Trump has called on other nations to hel...Reuters
Mon, Mar 16
BP Confirms Production Start-Up From New Gas Consortium Project In Angola
March 16 (Reuters) - BP PLC BP.L:BP CONFIRMS PRODUCTION START -UP FROM THE NEW GAS CONSORTIUM PROJECT IN ANGOLABP: INITIAL PRODUCTION FROM QUILUMA FIELD EXPECTED TO BE 150 MILLION STANDARD CUBIC FEET PER DAY & RAMP UP TO 330MMSCF PER DAY BY END OF 2026Reuters
Mon, Mar 16
UK plans to double steel tariffs, Politico reports
LONDON, March 16 (Reuters) - Britain plans to double tariffs on steel imports, Politico reported on Monday, saying that it would be part of a wider strategy aimed at protecting the country's struggling steel industry.Citing two people familiar with an announcement expected on Thursday, the repor...Reuters
Mon, Mar 16
IEA could release more oil stocks if needed, agency chief says
IEA's 400 million barrel release calmed markets, Birol saysIEA warns of prolonged disruptions to global energy tradeOil-importing emerging economies in Asia hit hardest by oil supply shockBy Gianluca Lo Nostro and Robert Harvey PARIS/LONDON, March 16 (Reuters) - The International Energy Agenc...Reuters
Mon, Mar 16
HSBC Raises 2026 TTF Gas Price Forecast
March 16 (Reuters) - HSBC:says it is raising 2026 TTF forecast to $14/mBtu (from $10) in note dated march 11says it is also raising 2027e TTF price to $10/mBtu (from $8.5/mBtu), as delayed LNG projects push back the looming supply glut to 2028says forecast for 2028 and beyond remains at $8.5/mBtusay...Reuters
Mon, Mar 16
Trump says some countries are not enthusiastic about helping unblock Hormuz strait
Trump urges nations to help police Hormuz Strait amid Iran tensionsU.S. allies hesitant to send ships, Germany, Spain, Italy rule out participationOil prices rise, complicating Trump's domestic agenda and midterm prospectsBy Bo Erickson and Humeyra Pamuk WASHINGTON, March 16 (Reuters) - ...Reuters
Mon, Mar 16
Trump on Iran: we don't know their leaders
WASHINGTON, March 16 (Reuters) - President Donald Trump said on Monday that he believes Iran wants to make a deal to end the U.S.-Israeli conflict with Tehran, adding it was unclear who is speaking for Iran. "We don't know their leaders," he said during an event at the White House.Reuters
Mon, Mar 16
FACTBOX-Analysts hike oil price outlooks as Iran conflict enters third week
March 16 (Reuters) - Major brokerages have revised their 2026 average oil price forecasts as the U.S.-Israeli war on Iran enters its third week, with the conflict having sent oil prices surging more than 40% this month. Bank of America raised its Brent crude oil forecast for 2026 to $77.50 a barr...Reuters
Mon, Mar 16
Trump says France is keen to help on the Strait of Hormuz
WASHINGTON, March 16 (Reuters) - U.S. President Donald Trump on Monday said he had spoken to French President Emmanuel Macron, who he said was willing to help unblock the Strait of Hormuz.Trump, speaking at a White House event, said Secretary of State Marco Rubio would be announcing the names of the...Reuters
Mon, Mar 16
EU has 'no appetite' to expand Mideast naval mission to Strait of Hormuz, Kallas says
BRUSSELS, March 16 (Reuters) - European Union foreign ministers showed a "clear wish" to strengthen a naval mission in the Middle East but had no appetite to expand its mandate to the Strait of Hormuz for the time being, EU foreign policy chief Kaja Kallas said on Monday. "There was in o...Reuters
Mon, Mar 16
BofA, Standard Chartered raise Brent price forecast on Strait of Hormuz impasse
By Anmol Choubey March 16 (Reuters) - Bank of America and Standard Chartered on Monday raised their 2026 oil price forecasts, citing a prolonged supply shock from the shutdown of the Strait of Hormuz and the likelihood of a long‑tail disruption to global energy markets.Bank of America raised its ...Reuters
Mon, Mar 16
