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WTI falls to near $99.50 as Trump truce hopes ease supply fears
West Texas Intermediate (WTI) oil price halts its four-day winning streak, trading around $99.60 per barrel during the Asian hours on Tuesday. Crude oil prices weaken on growing speculation that US President Donald Trump could end the Iran conflict, easing fears of prolonged supply disruptions.
Fxstreet
6 minutes ago
Nebius furthers European expansion with $10 billion AI data centre in Finland
Nebius to operate 310 MW AI data center in Finland by 2027Project among Europe's largest AI data centers, serving large customers and AI cloud businessFinland chosen for clean energy, robust grid, and cool climate benefitsBy Anne Kauranen and Toby Sterling HELSINKI, March 31 (Reuters) - AI in...Reuters
14 minutes ago
Gas Majors Warn Australia Against Taxing LNG Windfall Profits
SYDNEY/PERTH, March 31 (Reuters) - Gas majors including Shell SHEL.L and Chevron CVX.N warned Australia against introducing a windfall tax on gas exporters, saying it would deter investment and undermine energy security as LNG prices surge amid disruption caused by the Iran war.Reuters
35 minutes ago
EXCLUSIVE-Vingroup proposes scrapping LNG-powered plant plan for renewables amid Iran war, document shows
Cites risk of higher LNG prices in wake of war, damage to Qatar infrastructureProposes a renewable energy and battery storage project Vingroup is newcomer to energy sector, had agreed supply deal with GE Vernova By Francesco Guarascio HANOI, March 31 (Reuters) - Vingroup VIC.HM has told Vietnam&#...Reuters
41 minutes ago
Asia Fuel Oil Tenders Summary-India's HPCL seeks VGO for April
SINGAPORE, March 31 (Reuters) - For tenders of crude and other oil products, please click: Crude CRU/TENDA Naphtha NAP/TENDA Gasoline MOG/TENDA Jet/Diesel MDIS/TENDA Fuel Oil FUEL/TENDA OUTSTANDING SPOT TENDERSISSUERGRADEPORTVOLUMELAYCANREMARKSIndia/HPCL B: VGO Vizag33KTApr 15-30Close: Mar 31Ind...Reuters
42 minutes ago
Sadara Basic Says Production Halted at Sadara Chemical's Plant
March 31 (Reuters) - SADARA BASIC :SADARA BASIC - TEMPORARY SHUTDOWN OF PRODUCTION AT PLANT OPERATED BY ITS PARENT COMPANY, SADARA CHEMICAL COMPANYSADARA BASIC - SHUTDOWN ARISES FROM SEVERAL FACTORS, INCLUDING ONGOING DISRUPTION TO SADARA'S SUPPLY CHAINSSADARA BASIC - SADARA CANNOT PROVIDE, AT P...Reuters
an hour ago
ROI-Unloved battery metal lead has new financier friends: Andy Home
By Andy Home LONDON, March 31 (Reuters) - Lead is the battery metal no one wants in the age of electrification. Its toxic legacy casts a long shadow, even as lead-acid batteries remain standard in virtually every vehicle, including hybrids and electric vehicles. Stocks of the heavy m...Reuters
an hour ago
TABLE-North Sea gas maintenance schedule: Revises UGS Bergermeer outage
March 31 (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
2 hours ago
Ukraine drones damage Russia's Ust-Luga port again, governor says
MOSCOW, March 31 (Reuters) - Ukrainian drones have damaged Russia's Baltic Sea port of Ust-Luga again, Alexander Drozdenko, the governor of Leningrad region, said on Tuesday.He also said three people, including two children, were treated for injuries, while several buildings were also damaged in...Reuters
2 hours ago
Oil whipsaws as traders weigh Iran de-escalation report against prolonged Hormuz closure
Trump tells aides he is willing to end Iran war without reopening Hormuz - reportKuwait says an oil tanker hit in Iranian attack at Dubai portBrent heads for highest monthly gain ever, WTI for highest since 2020By Mohi Narayan NEW DELHI, March 31 (Reuters) - Oil prices were little changed on ...Reuters
2 hours ago
WRAPUP 2-Giant oil tanker off Dubai hit by Iranian strike after Trump's latest threats
Massive tanker apparently hit by drones, on fire off Dubai coastTrump warns Iran over continued blockage of Strait of HormuzIsrael says Iran has launched waves of missiles Israeli air force attacks Iranian infrastructureUS average retail gasoline prices top $4/gallon, highest in three yearsBy Alexan...Reuters
2 hours ago
PRECIOUS-Gold set for worst month in more than 17 years as US rate-cut hopes fade
Trump tells aides he is willing to end Iran war, WSJ reportsGold down more than 13% so far in MarchPowell says Fed can "wait and see" how the war affects inflationBy Noel John March 31 (Reuters) - Gold prices rose on Tuesday on hopes of de-escalation in the Middle East conflict, but were ...Reuters
3 hours ago
Microsoft plans $1 billion investment in Thailand, Thai government says
BANGKOK, March 31 (Reuters) - Microsoft MSFT.O plans to invest $1 billion in Thailand over the next two years in cloud services and AI infrastructure, the Thai government said in a statement. The investment includes developing digital skills of the Thai workforce, the statement said. The announcemen...Reuters
3 hours ago
Japan to coordinate on energy with Indonesia as Iran war disrupts supplies
By Tim Kelly and Stanley Widianto TOKYO, March 31 (Reuters) - Japan and Indonesia have agreed to step up coordination on energy security, Japan's Prime Minister Sanae Takaichi said on Tuesday, as the U.S.-Israeli war on Iran squeezes oil and gas supplies vital to Asia. "In light of th...Reuters
3 hours ago
Japan's Mitsubishi Materials to buy into US ReElement rare earth recycling firm
TOKYO, March 31 (Reuters) - Japan's Mitsubishi Materials 5711.T said on Tuesday it had agreed to acquire a stake in U.S. ReElement Technologies Corporation, a company involved in rare earth element recycling.Here are some details: Mitsubishi Materials said it would buy preferred shares in ReEle...Reuters
3 hours ago
RPT-Premiums surge, runs cut as Iran war disrupts naphtha supply to Asia
Middle East deliveries in March down 85%, Kpler data showsAbout 5% of global ethylene capacity shut, JPMorgan analysts say Russian exports also down due to Ukrainian attacksUS, Europe unable to offset shortfallRystad expects deeper run cuts in AprilBy Mohi Narayan and Joyce Lee NEW DELHI/SEOUL, M...Reuters
3 hours ago
