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Russia's Putin and Saudi MBS discuss Middle East, OPEC+ cooperation, Kremlin says
MOSCOW, April 2 (Reuters) - Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman discussed the Middle East crisis and cooperation within OPEC+ in a phone call on Thursday, the Kremlin said."Serious concern was expressed regarding the deteriorating military and political si...Reuters
16 minutes ago
RPT-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
23 minutes ago
METALS-Copper falls as hopes for quick end to Iran war fade
April 2 (Reuters) - Copper fell for the first time in five sessions on Thursday on renewed investor concerns over economic growth after U.S. President Donald Trump vowed more strikes on Iran and gave no specific timeline to end the Middle East conflict.Benchmark three-month copper CMCU3 on the Londo...Reuters
32 minutes ago
Dozens of countries discuss coalition to secure passage through Strait of Hormuz
US was not involved in talks Vital oil route effectively shut as Iran war ragesCountries seek ways to reopen waterway after ceasefireBy Andrew MacAskill, John Irish and Muvija M LONDON/PARIS, April 2 (Reuters) - Around 40 countries are discussing joint action to reopen the Strait of Hormuz...Reuters
35 minutes ago
NORDIC POWER-Forward contracts slip, on track for weekly losses
April 2 (Reuters) - Nordic forward power prices slipped on Thursday, with both contracts heading for weekly declines amid forecasts of wetter and milder weather. Nordic front-quarter baseload power contract NSBLQU26 fell 0.66 euros, or 1.4%, to 45.5 euros per megawatt hour (MWh) at 1143 GMT. T...Reuters
38 minutes ago
Rivian beats quarterly delivery estimates as EV demand stabilizes
April 2 (Reuters) - Rivian Automotive RIVN.O exceeded analysts' expectations for first-quarter vehicle deliveries, indicating stabilized demand for its SUVs and R1T pickup trucks after a decline last year due to the end of U.S. tax credits for electric vehicles.The Irvine, California-based autom...Reuters
38 minutes ago
Gold retreats from two-week highs amid USD, yields rebound after Trump remarks
Gold (XAU/USD) trades on the back foot on Thursday, snapping a four-day rally as initial optimism that the US-Israel war with Iran could end soon faded after US President Donald Trump signaled continued military action in his address to the nation.
Fxstreet
46 minutes ago
Germany, China agree on need to reopen Strait of Hormuz, says Berlin
BERLIN, April 2 (Reuters) - Germany and China both want to restore the freedom of navigation in the Strait of Hormuz and agree that individual states must not control sea lanes or levy tolls for passage, the foreign ministry in Berlin said on social media platform X on Thursday.China can exert its i...Reuters
48 minutes ago
First Majestic Silver Corp Announces Restart Plan For Jerritt Canyon Gold Mine
April 2 (Reuters) - First Majestic Silver Corp AG.TO:FIRST MAJESTIC SILVER CORP - ANNOUNCES RESTART PLAN FOR JERRITT CANYON GOLD MINE - SEC FILINGFIRST MAJESTIC SILVER CORP - PLANS TO INVEST $75 MILLION IN 2026 TO SUPPORT RESTART OF JERRITT CANYON - SEC FILINGFIRST MAJESTIC SILVER CORP: TARGETING PR...Reuters
52 minutes ago
RPT-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
PRECIOUS-Gold slides sharply as oil surges on dimming hopes of end to Iran war
Gold fell over 4% after Trump's address on IranGold snaps 4-day winning streak; set for weekly riseCrude oil prices climb 8% as attacks on Iran to continueDollar emerges as preferred safe haven from Iran warBy Ishaan Arora April 2 (Reuters) - Gold prices dropped sharply on Thursday, pulling b...Reuters
an hour ago
GLOBAL LNG-Asia spot LNG slips as high prices curb demand
By Emily Chow SINGAPORE, April 2 (Reuters) - Asia spot liquefied natural gas slipped this week as high prices curbed demand, while the start of Golden Pass LNG in the U.S. alleviated some supply concerns.The average LNG price for May delivery into northeast Asia LNG-AS was estimated at $19.00 per...Reuters
an hour ago
Oil prices jump over 7% after Trump says attacks on Iran will continue
Brent, WTI set for biggest absolute, percentage jumps in 3 weeksTrump speech did not clarify when Hormuz might reopenBritain hosts talks about options to reopen HormuzBy Shadia Nasralla LONDON, April 2 (Reuters) - Oil prices climbed nearly 7% on Thursday after President Donald Trump said the U.S....Reuters
an hour ago
McDonald's launches under $3 menu items and $4 breakfast deals in US
April 2 (Reuters) - McDonald's MCD.N said on Thursday it was introducing menu items priced at $3 or less and offering a $4 breakfast meal deal in the U.S., as restaurants aim to attract price-conscious diners worn down by economic uncertainties.Here are some key details:The burger giant said at ...Reuters
2 hours ago
France launches 12 GW of renewable tenders, champions 'Made in Europe' initiative
Ten out of 12 gigawatts' worth of projects will be offshore wind'Resilience' measures will restrict Chinese wind, solar componentsAdditional domestic requirements to come in 2030By America Hernandez PARIS, April 2 (Reuters) - France announced tenders for seven offshore wind projects t...Reuters
2 hours ago
OPEC+ likely to weigh further oil output hike on Sunday, sources say
OPEC+ eight members scheduled to meet on SundayAt last meeting, OPEC+ agreed to raise output by 206,000 bpd in AprilHormuz needs to reopen for oil to reach marketsPause in production hikes is also possible, source saysBy Olesya Astakhova and Alex Lawler MOSCOW/LONDON, April 2 (Reuters) - OPEC+ is...Reuters
2 hours ago
Russia plans to send second ship with oil to Cuba, Interfax reports
MOSCOW, April 2 (Reuters) - Russia plans to send a second ship carrying oil to Cuba, Interfax news agency reported on Thursday, citing Russian Energy Minister Sergei Tsivilev. He said the cargo is being loaded. On Tuesday, a Russian-flagged tanker carrying some 700,000 barrels of crude docke...Reuters
2 hours ago
OPEC+ likely to weigh further oil output hike on Sunday, sources say
By Olesya Astakhova and Alex Lawler MOSCOW/LONDON, April 2 (Reuters) - OPEC+ is likely to weigh a further oil output increase when eight members meet on Sunday, two OPEC+ sources said, a move that would position key producers to add more barrels should the Strait of Hormuz - the world's most ...Reuters
2 hours ago
