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GCC committee meets to discuss refined product supplies, Saudi state TV says
CAIRO, March 16 (Reuters) - A regional emergency plan committee for petroleum products of the Gulf Cooperation Council held an urgent meeting to discuss regional developments, ensure the readiness of national and regional plans and maintain the continuity of refined product supplies, Saudi state-run...Reuters
Mon, Mar 16
Trump: some countries are not enthusiastic about helping reopen Strait of Hormuz
WASHINGTON, March 16 (Reuters) - President Donald Trump on Monday repeated his call to nations to help reopen the shipping traffic in the Strait of Hormuz, saying some countries told him they were on the way and others were not that enthusiastic about helping.Trump was speaking ahead of a lunch at t...Reuters
Mon, Mar 16
European action on Middle East energy disruptions must be targeted and temporary, von der Leyen says
BRUSSELS, March 16 (Reuters) - Europe's response to disruption to oil and gas and spikes in energy prices in the Middle East must be temporary and targeted, European Commission President Ursula von der Leyen said on Monday."It is important that any short-term measures do not delay the decarb...Reuters
Mon, Mar 16
GRAINS-Soybeans fall on potential Trump-Xi meeting delay, wheat and corn also drop
By Renee Hickman CHICAGO, March 16 (Reuters) - Chicago soybeans experienced their biggest daily drop since 2023 on Monday after hitting near two-year highs last week as a potential delay in U.S President Donald Trump's meeting with Chinese President Xi Jinping later in March dampened hopes of...Reuters
Mon, Mar 16
More than 8,000 US flights delayed, canceled due to major storms
March 16 (Reuters) - More than 8,000 U.S. flights were delayed or canceled Monday amid a series of storms impacting airports along the East Coast and other major hubs.The U.S. government said it was ordering federal employees to leave offices by 2 p.m. EDT Monday because of the risks of high winds a...Reuters
Mon, Mar 16
ANALYSIS-Gulf importers race to reroute as Hormuz closure jolts supply chains
Gulf states heavily reliant on imports Trucking demand surges, smaller ports face congestion and delaysReroutes and workarounds adding to costsPorts outside of Strait of Hormuz under attack By Sarah El Safty DUBAI, March 16 (Reuters) - Importers across the Gulf are scrambling to secure alternativ...Reuters
Mon, Mar 16
British Airways Extends Temporary Reduction In Flying Schedule In Middle East
March 16 (Reuters) - British Airways:BRITISH AIRWAYS: EXTENDED TEMPORARY REDUCTION IN OUR FLYING SCHEDULE IN MIDDLE EASTBRITISH AIRWAYS: OPERATING ADDITIONAL FLIGHTS TO & FROM SINGAPORE, BANGKOK; CONTINUE TO REVIEW OPTIONS TO BRING BACK CUSTOMERS WHO HAVE BEEN DISRUPTEDReuters
Mon, Mar 16
Nth Cycle signs $1.1 billion lithium offtake deal with Trafigura
March 16 (Reuters) - Critical metals refining company Nth Cycle said on Monday it has signed a 10-year binding offtake agreement to supply nickel and lithium carbonate to commodities trader Trafigura for about $1.1 billion.The deal, which was inked at the sidelines of the Indo-Pacific Energy Securit...Reuters
Mon, Mar 16
US, China economic chiefs meet in Paris to clear path to Trump-Xi summit
Talks seen focused on tariffs, rare earths, high-tech export controls, and agricultureAnalysts see little prospect for breakthrough amid shortened preparations due to Iran warNew US trade probes could lead to more tariffs on ChinaBy David Lawder and Elizabeth Howcroft PARIS, March 15 (Reuters) - ...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
NORDIC POWER-Forward prices gain on higher European gas, German power rates
March 16 (Reuters) - Nordic front-quarter power prices rose on Monday, as German power prices and European gas rates climbed amid the ongoing Middle East conflict. Nordic front-quarter baseload power contract ENOFBLQc1 rose 1.25 euros to 57.50 euros per megawatt hour (MWh). Nordic front-year power c...Reuters
Mon, Mar 16
FACTBOX-BofA raises 2026 Brent price forecast as Hormuz closure tightens supply
March 16 (Reuters) - Bank of America raised its Brent crude oil forecast for 2026 to $77.50 a barrel from $61, citing tight supply caused by the effective closure of the Strait of Hormuz, which carries about 20% of the world's oil and liquefied natural gas flow.The bank said Brent could trade at...Reuters
Mon, Mar 16
Oil: Red Sea chokepoints reshape Saudi export risks – TD Securities
TD Securities’ Senior Commodity Strategist Ryan McKay analyzes how disruptions around the Strait of Hormuz and Bab El-Mandeb are reshaping Saudi crude export risks and bypass capacity, with implications for Oil supply tightness.
Fxstreet
Mon, Mar 16
Swiss technology firm Centiel plans to go public in April
March 16 (Reuters) - Swiss technology firm Centiel plans to go public on the Swiss stock exchange in mid-April by merging with HT5, a holding company that is already listed there, targeting a market capitalization of 166 million Swiss francs ($210.82 million), the companies said on Monday.The approa...Reuters
Mon, Mar 16
Iran's foreign minister says 'neighbouring states' encouraging killing of Iranians
CAIRO, March 16 (Reuters) - Iranian Foreign Minister Abbas Araqchi said on Monday that some "neighbouring states" hosting U.S. forces and allowing attacks on Iran were also actively encouraging the killing of Iranians.He said hundreds of Iranian civilians, including more than 200 children, h...Reuters
Mon, Mar 16
IEA members could release more oil stocks 'as and if needed,' agency chief says
PARIS, March 16 (Reuters) - Member countries of the International Energy Agency could release more emergency oil stocks later "as and if needed" as there will still be over 1.4 billion barrels remaining in their emergency oil stocks despite the largest release of reserves in history already ...Reuters
Mon, Mar 16
ADNOC oil loading still halted at UAE's Fujairah, other loadings resume, sources say
Two out of three single point moorings at Fujairah are open, source saysFujairah typically the exit point for 1 million bpd of Murban crudeSecond major disruption at bunkering hub in recent days DUBAI, March 16 (Reuters) - Abu Dhabi state oil giant ADNOC has suspended crude loading operations at ...Reuters
Mon, Mar 16
METALS-Industrial metals under pressure as oil surge fuels inflation, growth worries
By Pratima Desai LONDON, March 16 (Reuters) - Industrial metal prices came under pressure on Monday as surging oil prices due to the conflict in the Middle East fuelled fears about inflation and global growth prospects, traders said. Benchmark copper CMCU3 on the London Metal Exchange trad...Reuters
Mon, Mar 16
