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PRECIOUS-Gold prices slump as Trump threatens more attacks on Iran
Trump vows to strike Iran "extremely hard" over next few weeksGold slips after gaining for previous four sessionsSilver plummets more than 7%US dollar advances; Brent surges over 6%By Anmol Choubey and Pablo Sinha April 2 (Reuters) - Gold fell sharply from two-week highs on Thursday afte...Reuters
5 minutes ago
US: Inflation upturn with oil shock – Commerzbank
Commerzbank economists Dr. Christoph Balz and Dr. Ralph Solveen argue that higher Oil prices from the Iran War are set to push US inflation higher. They expect March CPI to rise 0.9% month-on-month and 3.3% year-on-year, with core at 0.3% and 2.7%.Fxstreet
5 minutes ago
Reconstruction of damaged Iranian steel factory to take up to one year, company official
DUBAI, April 2 (Reuters) - Iran's Khuzestan Steel Company will need between six months and a year to restore operations after its facilities were damaged in a strike last week, a deputy director said, according to a report published on Thursday by a judiciary-linked news outlet. The Internationa...Reuters
12 minutes ago
India's March palm oil imports fall to 3-month low as prices surge
By Rajendra Jadhav MUMBAI, April 2 (Reuters) - India's palm oil imports fell nearly 19% in March to a three-month low as a rally in tropical oil prices, tracking energy markets, prompted refiners to curb purchases and wait for a correction, five dealers said.Lower imports could deplete stocks...Reuters
17 minutes ago
China says trade talks with US have injected stability into ties
BEIJING, April 2 (Reuters) - China's trade talks with the United States have injected more stability and certainty into trade relations, the Chinese commerce ministry said on Thursday, sounding upbeat on the first anniversary of the U.S. so-called 'Liberation Day'. Last year, U.S. Presid...Reuters
18 minutes ago
Kazmunaygaz says new mooring unit for CPC delivered, IFX reports
MOSCOW, April 2 (Reuters) - Kazakhstan's state energy company Kazmunaygaz said a new single-point mooring (SPM) unit for the Caspian Pipeline Consortium terminal in the Black Sea has been delivered, Interfax news agency reported on Thursday.Three SPMs - floating buoys located about 5 km (3.1 mi...Reuters
43 minutes ago
Japan's Osaka Gas Considers Expanding Gas-Fired Thermal Power Business In Texas, Virginia As Early As 2030, Nikkei Says
April 2 (Reuters) - Osaka Gas Co Ltd 9532.T:JAPAN'S OSAKA GAS CONSIDERS EXPANDING GAS-FIRED THERMAL POWER BUSINESS IN TEXAS, VIRGINIA AS EARLY AS 2030, NIKKEI SAYSSource text: https://www.nikkei.com/article/DGXZQOUF106VL0Q6A310C2000000/Reuters
46 minutes ago
Oil jumps nearly 7% after Trump says US to keep up attacks on Iran
SINGAPORE, April 2 (Reuters) - Oil prices climbed nearly 7% on Thursday, as President Donald Trump said the United States would keep up attacks on Iran without committing to a specific timeline to end the war, fanning investor fears about sustained disruptions to supply.Brent crude futures LCOc1 ros...Reuters
49 minutes ago
South Korea's Lee urges prompt passage of $17 bln extra budget amid Middle East energy crisis
SEOUL, April 2 (Reuters) - South Korean President Lee Jae Myung on Thursday urged parliament to promptly pass a 26.2 trillion won ($17.3 billion) supplementary budget to shore up the economy amid "the worst energy security threat" posed by the Middle East crisis."Even if the war ends tom...Reuters
2 hours ago
South Korea's Lee urges prompt passage of $17 bln extra budget amid Middle East energy crisis
SEOUL, April 2 (Reuters) - South Korean President Lee Jae Myung on Thursday urged parliament to promptly pass a 26.2 trillion won ($17.3 billion) supplementary budget to shore up the economy amid "the worst energy security threat" posed by the Middle East crisis.($1 = 1,521.6000 won)Reuters
2 hours ago
PRECIOUS-Gold prices retreat as Trump threatens further attacks on Iran
Trump vows to strike Iran "extremely hard" over next few weeksGold slips after gaining for previous four sessionsSilver slips more than 5%US dollar advances; Brent surges over 6%By Anmol Choubey and Pablo Sinha April 2 (Reuters) - Gold retreated from two-week highs on Thursday after ...Reuters
2 hours ago
Russia shoots down Ukrainian drones near oil refineries in Ufa, official says
MOSCOW, April 2 (Reuters) - Several Ukrainian drones were shot down close to oil refineries in the Russian city of Ufa, the largest in Bashkortostan, while debris of one of them fell in an industrial area, the local governor said. Another drone struck a residential building, no one was injured, Bash...Reuters
3 hours ago
PRESS DIGEST -Wall Street Journal - April 2
April 2 (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.- U.S. President Donald Trump's administration is preparing to reshape its steel and aluminum tariff regime, altering duties on finished ...Reuters
3 hours ago
WTI Price Forecast: Looks to build on gains beyond $100 on fading de-escalation hopes
West Texas Intermediate (WTI) Crude Oil prices caught aggressive bids on Thursday and rallied closer to the 100.00 psychological mark during the Asian session following US President Donald Trump's Iran war update.Fxstreet
3 hours ago
Gold retreats sharply from two-week top/$4,800 as Trump’s Iran comments boost USD
Gold (XAU/USD) witnessed an intraday turnaround from the $4,800 mark, or a fresh two-week high set earlier this Thursday, and for now, seems to have snapped a four-day winning streak amid resurgent US Dollar (USD) demand.Fxstreet
4 hours ago
Missile intercepted near KEZAD in Abu Dhabi, minor damage reported, media office says
April 2 (Reuters) - Authorities in Abu Dhabi responded to an incident near Khalifa Economic Zones Abu Dhabi (KEZAD) after air defence systems intercepted a missile, the Abu Dhabi Media Office said on Thursday, adding that there was minor damage and no injuries.Reuters
4 hours ago
Takeaways from Trump's speech on Iran
By Matt Spetalnick and Humeyra PamukWASHINGTON, April 1 (Reuters) - President Donald Trump staunchly defended his handling of the month-old U.S.-Israeli war on Iran in a prime-time address on Wednesday, saying the U.S. military was nearing completion of its mission while also reinforcing his threats...Reuters
4 hours ago
South Korea expects to boost U.S. oil imports as Middle East war disrupts supply, Yonhap says
SEOUL, April 2 (Reuters) - A South Korean trade official said on Thursday the United States accounts for the largest share of replacements for disrupted supplies of crude oil from the Middle East, the Yonhap news agency reported. The proportion of U.S. oil imports, which stood at 16.3% of South Kore...Reuters
4 hours ago
