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OPEC oil output plunges in March as war forces export cuts, Reuters survey finds
OPEC March output plunges 7.3 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
4 minutes ago
GRAINS-Chicago grain, soybean futures slide as Trump signals Iran conflict may ease
CBOT wheat, corn, soybeans fall as investors react to Middle East conflict developmentsCrude oil fall counters support from U.S. planting data, Plains droughtTrump comments raise expectations of war de-escalationBy P.J. Huffstutter CHICAGO, April 1 (Reuters) - Chicago Board of Trade corn, whe...Reuters
14 minutes ago
POLL-US natural gas stockpiles likely rose by 34 billion cubic feet last week
April 1 (Reuters) - U.S. energy firms likely added 34 billion cubic feet of natural gas into storage last week, according to the average estimate in a Reuters poll released on Wednesday. The estimate compares with an injection of 30 bcf during the same week a year ago and an average decline of four ...Reuters
31 minutes ago
CORRECTED-Perpetua Resources seeks $2.7 billion EXIM loan for Idaho gold-antimony project (March 31)
March 31 (Reuters) - Antimony and gold miner Perpetua Resources PPTA.TO, PPTA.O said on Tuesday that the U.S. Export-Import Bank board has unanimously agreed to notify Congress of a proposed $2.7 billion loan to help finance the Stibnite Gold Project in Idaho. The proposed financing includes a ...Reuters
37 minutes ago
EUROPE GAS-European gas prices fall as Trump says US may exit Iran war soon
LONDON, April 1 (Reuters) - Benchmark Dutch and British wholesale gas prices fell on Wednesday afternoon after U.S. President Donald Trump said the United States will end its war on Iran fairly soon but could return for "spot hits" if needed.The benchmark Dutch front-month contract at the TT...Reuters
an hour ago
METALS-Copper touches two-week high on hopes Iran war will end soon
By Eric Onstad LONDON, April 1 (Reuters) - Copper prices extended gains on Wednesday to reach a two-week high on hopes that the Iran war is nearing a close, even though prices are still far short of their levels from before the U.S. and Israeli attacked Iran in late February. Benchmark three-...Reuters
an hour ago
Rosatom to evacuate more than 200 staff from Bushehr nuclear plant this week
MOSCOW, April 1 (Reuters) - Russia's state nuclear corporation Rosatom plans to evacuate more than 200 of its staff from Iran's Bushehr nuclear power plant this week, Rosatom chief Alexei Likhachev said on Rossiya-24 state television. Likhachev said up to 50 Rosatom personnel would remain at...Reuters
an hour ago
EXCLUSIVE-Venezuela's Rodriguez readies Citgo board takeover, sources say
Clearance, license from OFAC needed to make any board changesRodriguez could also move to change law firms representing VenezuelaSale of Citgo's parent to an Elliott affiliate pending OFAC approvalBy Marianna Parraga and Deisy Buitrago HOUSTON/CARACAS, April 1 (Reuters) - Venezuelan interim P...Reuters
an hour ago
EU wheat lower as oil and euro weigh amid Iran ceasefire optimism
PARIS, April 1 (Reuters) - Euronext wheat slid around 2% on Wednesday, pressured by falling oil prices and a stronger euro as investors were buoyed by growing prospects for an end to the month-old Middle East war.May milling wheat BL2K6, the most active position on Paris-based Euronext, was down 1.8...Reuters
an hour ago
BREAKINGVIEWS-US will keep dancing to global energy tune
By Gabriel Rubin WASHINGTON, April 1 (Reuters Breakingviews) - American energy independence is the future, insofar as it does not exist today. In March, as Iranian attacks struck energy infrastructure throughout the Persian Gulf, President Donald Trump crowed that “we make a lot of money” when oi...Reuters
an hour ago
Oil slides as Middle East uncertainty keeps markets on edge
US could be out of Iran "pretty quickly", Trump saysUncertainty over how supply chains can be revived OPEC oil output falls in March, Reuters survey findsBy Shariq Khan NEW YORK, April 1 (Reuters) - Oil prices fell on Wednesday after U.S. President Donald Trump said the country will e...Reuters
an hour ago
Egypt's strategic goods reserves sufficient for six months, prime minister says
CAIRO, April 1 (Reuters) - Egypt's reserves of strategic goods are enough to last for six months, with the government working to add two more months' worth, Prime Minister Mostafa Madbouly said on Wednesday at a press conference.Egypt will also raise the local wheat procurement price to 2,50...Reuters
an hour ago
PRECIOUS-Gold extends gains on softer dollar; focus remains on Iran war
Trump says Iran has asked for ceasefireUS dollar falls for second straight day US private payrolls increase steadily in March, ADP saysBy Ashitha Shivaprasad April 1 (Reuters) - Gold rose for a fourth straight session on Wednesday, hitting a near two-week peak, as the U.S. dollar slipped and trad...Reuters
2 hours ago
Lufthansa preparing for jet fuel shortages outside Europe, CEO says
BERLIN, April 1 (Reuters) - Lufthansa LHAG.DE is preparing for possible shortages of jet fuel outside Europe, with the airline seeing early warning signs in Asia as the Iran war disrupts supply routes, CEO Carsten Spohr said in an interview published on Wednesday."If shortages in the kerosene su...Reuters
2 hours ago
EXCLUSIVE-Venezuela's Rodriguez readies Citgo board takeover, sources say
By Marianna Parraga and Deisy BuitragoHOUSTON/CARACAS, April 1 (Reuters) - Venezuelan interim President Delcy Rodriguez's administration is getting ready to take over the boards of state oil firm PDVSA's U.S. subsidiaries, including Citgo Petroleum, four sources close to the preparations sai...Reuters
2 hours ago
US Gulf Coast tanker market tightens as Asia seeks to replace lost supply
Iran war disrupts Middle East oil flows, boosting US, Brazil, West Africa exportsNet vessel availability in US Gulf falls about 41% over the past month, data showsWest-to-East cargo shift drives unprecedented surge in freight rates, analyst saysBy Anushree Mukherjee and Shariq KhanApril 1 (Reuters) ...Reuters
2 hours ago
US exports of petroleum products last week rose to their highest on record, EIA says
HOUSTON, April 1 (Reuters) - U.S. exports of petroleum products last week rose to their highest on record, data from the Energy Information Administration showed on Wednesday.Petroleum product exports climbed by 302,000 barrels per day (bpd) to 7.9 million bpd in the week to March 27, EIA said.Reuters
2 hours ago
US natural gas futures fall due to lower global energy prices, mild weather
April 1 (Reuters) - U.S. natural gas futures edged down on Wednesday in step with a drop in global energy prices and expectations that mild weather would lead to lower demand, as traders continued to keep a close eye on developments in the Middle East war.Front-month gas futures NGc1 for May deliver...Reuters
3 hours ago
Beirut strike killed top Hezbollah commander, group says
By Laila Bassam and Nazih OsseiranApril 1 (Reuters) - Israel's military on Wednesday said it killed senior Hezbollah commander Haj Youssef Ismail Hashem in the biggest blow to the group since a fresh bout of fighting with Israel erupted early last month. Israel's navy killed Hashem, the comm...Reuters
3 hours ago
