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WTI remains stronger near $104 as Trump threats fuel supply fears
West Texas Intermediate (WTI) oil price steadies around $103.80 per barrel during the early European hours on Friday. WTI price gained over 10% as supply concerns intensified following renewed Iran threats from US President Donald Trump.
Fxstreet
18 minutes ago
WRAPUP 3-Trump vows to hit more Iranian infrastructure as nations seek to open Hormuz
Trump says US 'hasn't even started destroying what's left in Iran'US legal experts say American strikes on Iran may be war crimesCountries explore ways to reopen Strait of HormuzIran says it is discussing with Oman a protocol for HormuzBy Kanishka Singh and Enas Alashray WASHINGTO...Reuters
43 minutes ago
South Korea, France agree to deepen defence cooperation amid Middle East conflict
First French presidential state visit to South Korea since 2015France and South Korea to expand defence ties, sign deals in tech, energy, and critical mineralsMiddle East crisis overshadows trip with both countries dependent on energy importsBy Heejin Kim and Joyce Lee SEOUL, April 3 (Reuters) - ...Reuters
2 hours ago
Drones hit Kuwait's Mina al-Ahmadi refinery, fires reported, no injuries
April 3 (Reuters) - Kuwait Petroleum Corporation said its Mina al-Ahmadi refinery was hit by drones early on Friday, setting off fires at operating units, according to the state news agency, but no injuries were reported.Reuters
3 hours ago
South Korea's Lee aims to boost bilateral trade with France to $20 bln by 2030
SEOUL, April 3 (Reuters) - South Korean President Lee Jae Myung said on Friday during a visit by French President Emmanuel Macron that the two countries aimed to boost bilateral trade to $20 billion by 2030. Lee also said in an address that France and South Korea would cooperate on energy issues am...Reuters
3 hours ago
Europe must prepare for 'long-lasting' energy shock, EU energy commissioner tells FT
April 3 (Reuters) - The EU is assessing "all possibilities" including fuel rationing and releasing more oil from emergency reserves as it braces for a "long-lasting" energy shock from the Middle East war, the Financial Times reported on Friday in an interview with EU Energy Commissio...Reuters
3 hours ago
Trump threatens to strike Iran's bridges and electric power plants
Trump reiterates threats to attack Iranian infrastructureTrump says bridges, electric power plants in Iran will be next targetsTrump has offered shifting goals and timeline for warBy Kanishka Singh WASHINGTON, April 2 (Reuters) - U.S. President Donald Trump warned late on Thursday about striking ...Reuters
4 hours ago
Trump threatens to strike Iran's bridges and electric power plants
WASHINGTON, April 2 (Reuters) - U.S. President Donald Trump warned on Thursday about striking and destroying bridges and electric power plants in Iran in his latest threat to hit the country's infrastructure.The U.S. military "hasn't even started destroying what's left in Iran. Bridg...Reuters
5 hours ago
WTI trades near $104.00 after 10% surge on Trump's Iran threats
West Texas Intermediate (WTI) oil price rises over 10% after two days of losses, trading around $103.80 per barrel during the Asian hours on Friday. Crude oil prices surged as markets reassessed the scale of supply risks stemming from the ongoing conflict in the Persian Gulf.Fxstreet
5 hours ago
METALS-Aluminium slips on firmer dollar, but heads for biggest weekly gain in a month
BEIJING, April 3 (Reuters) - Aluminium fell on Friday, as a stronger dollar and mounting concerns over a potential economic recession after dimming hopes of a quick end to the Iran war outweighed supply fears that kept prices of the metal on track for a weekly gain.The most-traded aluminium on the S...Reuters
5 hours ago
JERA's LNG purchase deal with US Commonwealth LNG terminated, DOE filing shows
TOKYO, April 3 (Reuters) - A long-term liquefied natural gas sales and purchase agreement entered into last year between Japan's largest power generator, JERA, and U.S. LNG developer Commonwealth LNG has been terminated, according to a document filed with the U.S. Department of Energy.Last June,...Reuters
5 hours ago
Us Crude Jumps More Than 11%, Brent Nearly 8% After Trump Vows More Attacks on Iran
HOUSTON, April 2 (Reuters) - U.S. oil prices settled more than 11% higher and Brent soared nearly 8% on Thursday in volatile trading, as traders worried about prolonged disruptions to oil supply the day after President Donald Trump said the United States would continue attacks on Iran.Reuters
6 hours ago
Japan denies report government asked trading houses to join Russia visit in May
TOKYO, April 3 (Reuters) - The Japanese government on Friday denied a report by Kyodo news agency that it has asked the country's top trading houses to join a delegation which plans to visit Russia in May.Late on Thursday, citing sources, Kyodo said that the government is anticipating that Japan...Reuters
7 hours ago
Spot Brent Oil Price Hits $140 for First Time Since 2008 on Trump Rhetoric
TradingKey - On Thursday, April 2, spot Brent crude oil prices reached $141.37 per barrel, marking the highest level since 2008 and surpassing the peak reached at the onset of the 2022 Russia-Ukraine conflict.TradingKey
7 hours ago
Japan government asks top trading houses to join Russia visit in May, Kyodo says
TOKYO, April 3 (Reuters) - The Japanese government has asked the country's top trading houses to join a delegation which plans to visit Russia in May, Kyodo news agency reported.The government is anticipating that Japanese companies will fully resume business in Russia once its war with Ukraine ...Reuters
7 hours ago
Gold falls below $4,700 ahead of US NFP release
Gold price (XAU/USD) faces some selling pressure to near $4,675 during the early Asian session on Friday. The precious metal falls as US President Donald Trump's comments about the war with Iran spiked oil prices. Trading activity remains muted due to Good Friday.Fxstreet
9 hours ago
Braskem Idesa readies filing for Chapter 11 as early as next week, Estadao reports
SAO PAULO, April 2 (Reuters) - Braskem Idesa, the joint venture between Brazilian petrochemical firm Braskem BRKM3.SA and Mexico's Grupo Idesa, is preparing to file for Chapter 11 bankruptcy protection in the United States as early as next week, Brazilian newspaper Estadao reported on Thursday.Reuters
9 hours ago
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
April 2 (Reuters) - A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise financial outlooks.Jet fuel prices have soared from $85 to $90 per barrel to $150 to $200 per barrel in recent weeks, a financial...Reuters
9 hours ago
