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METALS-Copper touches two-week high on hopes for quick end to Iran war
By Eric Onstad LONDON, April 1 (Reuters) - Copper prices extended gains on Wednesday to hit their highest in two weeks and aluminium fell on hopes that the Iran war is close to ending.Benchmark three-month copper on the London Metal Exchange CMCU3 was up 0.6% at $12,408 a metric ton by 1000 GMT a...Reuters
4 minutes ago
EU proposes changes to carbon market to curb price volatility
EU will end automatic cancellation of excess carbon permitsLeaves rest of ETS unchanged, despite some countries' calls for moreEU rushing to curb energy price spike amid Iran warBy Kate Abnett BRUSSELS, April 1 (Reuters) - The European Commission proposed tweaks to the EU's emissions tra...Reuters
10 minutes ago
PetroChina plugs Singapore plant's shortfall with crude from China storage, trackers say
SINGAPORE, April 1 (Reuters) - PetroChina 0857.HK has supplied a rare cargo of close to 2 million barrels of crude oil from storage in China to its half-owned refinery in Singapore, as the firm moves to plug shortfalls triggered by the Iran war, according to tanker trackers and three trade sources.T...Reuters
27 minutes ago
EU tweaks carbon market to attempt to smooth prices
BRUSSELS, April 1 (Reuters) - The European Commission proposed tweaks to the EU's emissions trading system on Wednesday to try to avoid volatile carbon prices, after pressure from governments including Italy to amend the system to curb soaring energy prices triggered by the Iran war.The EU propo...Reuters
31 minutes ago
Middle East oil supply disruptions to rise in April and hit Europe, IEA chief says
OSLO, April 1 (Reuters) - Oil supply disruptions from the Middle East will rise in April and will hit Europe as supplies dwindle due to the closure of the Strait of Hormuz, International Energy Agency head Fatih Birol said on Wednesday."The loss of oil in April will be twice of oil loss in March...Reuters
31 minutes ago
EXCLUSIVE-Shell in advanced talks with Venezuela for more gas areas, sources say
Shell seeks access to as much as 20 tcf of Venezuelan gas Chevron expected to relinquish stakes, which would be re-offeredRussian-held stakes in two offshore fields remain a hurdleBy Curtis Williams and Marianna Parraga HOUSTON, April 1 (Reuters) - Shell SHEL.L is in advanced talks with Venezuela...Reuters
32 minutes ago
A New York vintner raids U.S. wine cellars to skirt Trump's tariffs
Tariffs on European wines prompt US businesses to seek creative solutionsChris Leon buys European wines already in US to avoid tariffsVanessa Price says new auction platforms offer alternatives to traditional wine auctionsBy Dan Fastenberg and Emma Rumney NEW YORK/LONDON, April 1 (Reuters) - New ...Reuters
32 minutes ago
Oil slides as Middle East uncertainty keeps markets on edge
US-Israeli campaign against Iran could end within two to three weeks, Trump saysUncertainty over how supply chains can be revived OPEC oil output falls in March, Reuters survey findsSaudi Arabia may raise OSPs to Asia, Reuters survey By Ahmad Ghaddar LONDON, April 1 (Reuters) - Oil reversed earli...Reuters
40 minutes ago
First LNG deliveries from Oman to Germany have begun, magazine reports
BERLIN, April 1 (Reuters) - The first deliveries of liquefied natural gas (LNG) from Oman to a German company have begun despite the war in Iran, Germany's Capital business magazine reported on Wednesday, citing a spokesperson for the German state-owned gas supplier Sefe. The deliveries under an...Reuters
47 minutes ago
Europe risks recession if oil jumps over $150, ECB's Stournaras says
April 1 (Reuters) - Europe could face recession if the Iran conflict drags on and oil prices jump over $150 per barrel, European Central Bank policymaker Yannis Stournaras told Greek radio on Wednesday."Right now, nobody says we'll have a recession. But if it (the Iran war) continues, if we&...Reuters
an hour ago
Bahrain circulates revised UN Hormuz draft, drops binding enforcement
By John Irish PARIS, April 1 (Reuters) - Bahrain has circulated a revised U.N. Security Council draft resolution on protecting commercial shipping in and around the Strait of Hormuz, retaining language authorising “all necessary means” but dropping an explicit reference to binding enforcement.Shi...Reuters
an hour ago
Coal India's sales rise for first time in six months on gas crunch, summer demand
By Sethuraman N R NEW DELHI, April 1 (Reuters) - Coal India's COAL.NS sales in March grew for the first time in six months, the company said on Wednesday, indicating a ramp-up in coal stocks ahead of peak summer amid a shortfall in gas supply due to the U.S.-Israeli war against Iran.Coal Indi...Reuters
an hour ago
New BP CEO Meg O'Neill starts off by promising consistency, staff note shows
O'Neill pledges clear direction as BP focuses on oil and gasBP has suspended buybacks to prioritise cutting debt, oil and gas investmentO'Neill credited with bold moves at Woodside, including major US expansionBy Stephanie Kelly and Shadia Nasralla LONDON, April 1 (Reuters) - BP's BP....Reuters
an hour ago
Japan, France agree rare earths deal to cut China reliance, NHK reports
Japan has invested in a French rare earths refining project Japan cooperates with Australia, US and others on rare earths supply chainsChina banned exports of dual-use items to 20 Japanese entities in FebruaryBy Katya Golubkova and Yusuke Ogawa April 1 (Reuters) - Japan and France agreed to ...Reuters
2 hours ago
ADNOC CEO urges global action, UN resolution to protect Strait of Hormuz energy flow
DUBAI, April 1 (Reuters) - The CEO of Abu Dhabi state oil company ADNOC, Sultan Al Jaber, said on Wednesday that Iran's actions in the Strait of Hormuz represent global economic extortion and a threat the world cannot tolerate. Al Jaber called for global action to protect the free flow of energy...Reuters
2 hours ago
METALS-Copper rises to two-week highs on hopes for end to Iran war
April 1 (Reuters) - Copper rose to two-week highs on Wednesday, supported by optimism that the end of the Iran war could be near, easing concerns over global growth and inflation, while a weaker U.S. dollar added support.The benchmark three-month copper on the London Metal Exchange CMCU3 was up 0.85...Reuters
2 hours ago
