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GRAINS-Chicago grains slip with oil on hopes for end to Iran war
Trump comments raise expectations of war de-escalationCrude oil fall counters support from U.S. planting data, Plains droughtBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, April 1 (Reuters) - Chicago corn, wheat and soybean futures turned lower on Wednesday in step with crude oil as investors...Reuters
7 minutes ago
Argentina postpones fuel tax increases to reduce impact of global price pressures
BUENOS AIRES, April 1 (Reuters) - The Argentine government has issued a decree to delay the effects of scheduled increases in taxes on liquid fuels and carbon dioxide. The move aims to support economic growth through sustainable fiscal measures, the decree published on Wednesday said, amid global in...Reuters
9 minutes ago
Estonia says stray Ukrainian drones targeting Russia entered its territory this week
VILNIUS, April 1 (Reuters) - Drones detected in Estonia appear to have come from Ukraine and been intended for Russia, the Baltic country's armed forces said.The violations come as Kyiv has intensified attacks on Russia's oil export infrastructure over the past month, including massive strik...Reuters
10 minutes ago
Gold Price Forecast: XAU/USD rallies further with the $5,000 level on focus
Gold (XAU/USD) appreciates for the fourth consecutive day on Thursday. The US Dollar (USD) tumbles as hopes of a quick end to the Iran war have improved risk appetite and triggered significant pullbacks in US Treasury yields.
Fxstreet
19 minutes ago
Gold extends gains near two-week highs amid optimism over US–Iran war
Gold (XAU/USD) edges higher on Wednesday, building on the previous day's solid gains as optimism grows that the US-Israel war with Iran could end soon. At the time of writing, XAU/USD is trading around $4,748, its highest level in nearly two weeks.Fxstreet
31 minutes ago
NORDIC POWER-Forward prices slip on wet weather outlook, weaker European markets
April 1 (Reuters) - Nordic forward power prices fell on Wednesday, weighed down by forecasts for wetter, milder weather and weakness across broader European energy markets.Nordic front-quarter baseload power contract NSBLQU26 fell 0.76 euros, or 1.7%, to 45.4 euros per megawatt hour (MWh) at 1103 GM...Reuters
33 minutes ago
OPEC oil output plunges in March as war forces export cuts, Reuters survey finds
OPEC March output plunges 7.5 million bpdEight OPEC+ producers had pledged to keep output steady before Iran war forced export cutsBiggest drop is in IraqBy Alex Lawler LONDON, March 31 (Reuters) - OPEC oil output plunged in March to its lowest level since the height of the COVID-19 pandemic in ...Reuters
41 minutes ago
Abu Dhabi Crown Prince reviews ADNOC's business continuity and workforce protection plans
April 1 (Reuters) - Abu Dhabi's Crown Prince has reviewed ADNOC's business continuity plans and measures to protect its workforce and enable efficient production to serve local and global customers, the Abu Dhabi Media Office said on Wednesday.ADNOC's preventive measures include meeting ...Reuters
46 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
50 minutes ago
EU adjusts carbon market reserve to avoid volatile prices
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
53 minutes ago
Kazakhstan oil output rises 2% in March as Tengiz field recovers, source says
MOSCOW, April 1 (Reuters) - Oil production in Kazakhstan rose about 2% in March from February as output ramped up at the giant Tengiz field, which recovered from a January shutdown, an industry source told Reuters on Wednesday.The oilfield at the northeastern tip of the Caspian Sea had been pumping ...Reuters
53 minutes ago
RPT-ROI-US natural gas supply outlook hinges on three key shale basins: Maguire
By Gavin MaguireLITTLETON, Colorado, April 1 (Reuters) - Natural gas touches almost every corner of the U.S. economy, fuelling power plants, homes, factories and the booming LNG export sector. But the supply needed to meet all those uses is coming from an ever-narrower slice of America's shale p...Reuters
an hour ago
Japan, France agree to step up coordination on Hormuz, Iran war
TOKYO, April 1 (Reuters) - Japan and France agreed on Wednesday to coordinate closely in pushing for an end to the U.S.-Israeli war with Iran and the reopening of the Strait of Hormuz to oil and gas tankers, Prime Minister Sanae Takaichi said."Because the international situation is so challengin...Reuters
an hour ago
Keurig names JDE Peet's CEO Oliveira as coffee unit chief amid $18 billion takeover
April 1 (Reuters) - Keurig Dr Pepper KDP.O has named Rafael Oliveira chief executive officer of its coffee operating unit as it moves to acquire Dutch coffee and tea company JDE Peet's JDEP.AS.The all-cash $18 billion takeover of JDE Peet's by Keurig, announced in August last year, is aimed ...Reuters
an hour ago
PRECIOUS-Gold nears 2-week high as dollar drops on hopes Iran war may end soon
Gold rises over 1% to highest since March 19US Dollar at 1-week low, 10-yr Treasury yields near two-week lowTrump says deal with Iran not necessary for conflict to wind downBy Ishaan Arora April 1 (Reuters) - Gold was at a near two-week high on Wednesday after posting its biggest monthly loss in ...Reuters
an hour ago
IEA’s Birol: This crisis is worse than the two in the 1970s and Russia-related in 2022 put together
International Energy Agency chief Fatih Birol said during European trading hours on Wednesday that the ongoing oil supply crisis is worse than the two in the 1970s and Russia-related in 2022 put together.Fxstreet
an hour ago
Fuel prices surge in Africa as Iran war hits supply
Ghana, Tanzania, Malawi, Mauritania hike fuel pricesGovernments review levies, make other changesMauritania to raise minimum wage as cushionBy Emmanuel Bruce and Frank Phiri ACCRA/BLANTYRE, April 1 (Reuters) - African governments have imposed sharp fuel price increases as the Iran war sends globa...Reuters
an hour ago
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
2 hours ago
