News
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LyondellBasell reports fire at Bayport, Texas, site
March 12 (Reuters) - LyondellBasell LYB.N late on Thursday said a fire has occurred at its Bayport, Texas, site at about 9 p.m and added that all personnel are safe and accounted for. "Our on‑facility firefighting and incident response teams were immediately activated and are working to contai...Reuters
Fri, Mar 13
Air freight rates soar as Middle East conflict blocks trade routes
South Asia-Europe rates up 70% since start of Iran war - FreightosMore than 100 container ships blocked in Strait of HormuzSome Indian generic drugmakers switching from sea freight to air, industry expert saysBy Allison Lampert and Lisa Baertlein March 13 (Reuters) - Air freight rates have risen ...Reuters
Fri, Mar 13
ADNOC cut crude volume for onshore partners by about a fifth for March, Bloomberg News reports
March 13 (Reuters) - Abu Dhabi National Oil Co cut the volume of crude for onshore partners by about a fifth for March, though flows will still go to a port outside the Strait of Hormuz, Bloomberg News reported on Friday, citing people familiar with the matter.The oil producer told equity partners t...Reuters
Fri, Mar 13
LyondellBasell Reports Operational Upset at Bayport Choate Site, Texas
March 12 (Reuters) - LYONDELLBASELL LYB.N:REPORTS OPERATIONAL UPSET AT BAYPORT CHOATE SITE, PASADENA, TXREPORTS THE COMMUNITY MAY SEE BRIGHT FLAMES OR SMOKE; AREA LAW ENFORCEMENT AND FIRE DEPARTMENTS WILL ISSUE ANY PUBLIC NOTICE IF WARRANTEDREPORTS IT IS WORKING QUICKLY TO RESOLVE THE ISSUE AND WILL...Reuters
Fri, Mar 13
Trump says he thinks Iran's new supreme leader is alive but 'damaged'
New Iranian supreme leader has not been seen since selection His first comments as leader were read by a TV presenter Iranian official said this week Khamenei was lightly injuredBy Kanishka Singh WASHINGTON, March 12 (Reuters) - President Donald Trump said that he thinks new Iranian Supreme Leade...Reuters
Fri, Mar 13
Japan Ready To Act Against Sharp Yen Swings, Finance Minister Says
TOKYO, March 13 (Reuters) - Japan is ready to take whatever steps are necessary at all times against sharp swings in foreign exchange and other financial markets, which have a huge impact on people's livelihoods, Finance Minister Satsuki Katayama said on Friday.Reuters
Fri, Mar 13
Asia Set to Pledge $30 Billion in Energy, Mineral Deals with Us, Bloomberg News Reports
March 12 (Reuters) - Japan and several Asia-Pacific countries are expected to announce more than $30 billion worth of agreements with U.S. companies this weekend, Bloomberg news reported on Thursday.Reuters
Fri, Mar 13
South Korea says considering energy vouchers, boosting coal and nuclear power
SEOUL, March 13 (Reuters) - South Korea is considering providing additional energy vouchers to subsidise vulnerable households if rising global fuel prices in the wake of the Middle East crisis push up electricity costs, the government said on Friday. Asia's fourth-largest economy is also prepar...Reuters
Fri, Mar 13
PRECIOUS-Gold set for weekly drop as oil price surge weighs on rate-cut hopes
Iran's supreme leader decides to keep Strait of Hormuz closedGold down about 1% so far this weekUS January PCE data due later in the dayBy Noel John March 13 (Reuters) - Gold prices rose on Friday, supported by a weaker dollar and softer U.S. Treasury yields, but were on track for a second co...Reuters
Fri, Mar 13
PRESS DIGEST-British Business - March 13
March 13 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Britain's petrol retailers are facing an investigation into claims that they are profiting from t...Reuters
Fri, Mar 13
BP says Whiting refinery union workers reject its latest employment contract
March 13 (Reuters) - BP said late on Thursday that its represented workforce at its Whiting refinery in Indiana has voted not to ratify the company's last, best, and final offer."BP will continue to bargain in the best interests of our employees, our company, and the community," the comp...Reuters
Fri, Mar 13
Silver Price Forecast: XAG/USD Retakes $85.00; Bearish Risks Persist
Silver (XAG/USD) gains some positive traction during the Asian session on Friday and climbs back above the $85.00 mark in the last hour. The white metal, for now, seems to have snapped a two-day losing streak, though it remains on track to end the week on a flattish note.
Fxstreet
Fri, Mar 13
Oil Drops After US Issues License for Countries To Buy Russian Oil Stranded at Sea
BEIJING, March 13 (Reuters) - Oil prices dropped on Friday morning after the U.S. issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea, easing supply concerns.Reuters
Fri, Mar 13
GRAINS-Soybeans dip, but eye sixth weekly rise on oil rally
BEIJING, March 13 (Reuters) - Chicago soybeans edged lower on Friday, but remained on track for a sixth consecutive weekly gains, supported by this week's stronger crude oil market amid the escalating U.S.-Israeli war with Iran.The most-active soybean contract on the Chicago Board of Trade Sv1 f...Reuters
Fri, Mar 13
Syrah Resources Says US ITC Reaches Final Determination On AD/CVD
March 13 (Reuters) - Syrah Resources Ltd SYR.AX:US ITC REACHES FINAL DETERMINATION ON AD/CVDPOSITION REMAINS AAM FROM CHINA BEING SOLD & IMPORTED INTO U.S. AT UNFAIRLY LOW AND SUBSIDISED PRICES, OTHERSUS INTERNATIONAL TRADE COMMISSION REACHED FINAL NEGATIVE DETERMINATION IN ANTIDUMPING, COUNTERV...Reuters
Fri, Mar 13
Trump touts oil price gains, saying 'we make a lot of money,' angering lawmakers
Lawmakers say Trump prioritizes oil companies over consumersEnergy Secretary Chris Wright says $200-a-barrel oil unlikelyOil prices up despite U.S. efforts to control themBy Timothy Gardner and Susan Heavey WASHINGTON, March 12 (Reuters) - U.S. President Donald Trump said on Thursday the United S...Reuters
Fri, Mar 13
WTI climbs above $95.50 as Iran says the Strait of Hormuz must remain closed
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.75 during the early Asian trading hours on Friday. The WTI price surges due to the effective closure of the Strait of Hormuz amid conflict involving the United States (US), Israel, and Iran.
Fxstreet
Fri, Mar 13
