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Oil Rises as Investors Reassess Middle East Ceasefire Prospects
Iran reviews US proposal, but has no interest in holding talksUkrainian attacks, tanker seizures halt 40% of Russia's oil export capacityUS oil stocks rise by 6.9 million barrels, exceeding forecastsBy Yuka Obayashi and Siyi Liu TOKYO/SINGAPORE, March 26 (Reuters) - Oil rose about 2% on Thurs...
Reuters
29 minutes ago
Barclays Sees 13–14 Million Bpd Oil Supply Loss from Prolonged Hormuz Disruption
March 26 (Reuters) - Barclays said on Thursday that a prolonged closure of the Strait of Hormuz would likely lead to a 13-14 million barrels per day supply loss, noting that while the scale of the disruption is immense, so is the uncertainty around its duration.
Reuters
23 minutes ago
Poland weighs VAT cut for fuel, does not rule out windfall tax
WARSAW, March 26 (Reuters) - Poland might cut its VAT on fuel to lower prices at the petrol pump, the country's finance minister said on Thursday, adding that a windfall tax on excess profits at oil companies had not been ruled out. Countries across Europe have been scrambling to mitigate the...Reuters
20 minutes ago
Philippines suspends spot power sales as Iran war sends prices soaring
By Sudarshan Varadhan SINGAPORE, March 26 (Reuters) - The Philippines suspended electricity sales on the Wholesale Electricity Spot Market until further notice on Thursday due to fuel supply risks and price volatility caused by the Iran war. The suspension - a rare state intervention in one o...Reuters
27 minutes ago
Poland working on plan to lower fuel prices, says finance minister
WARSAW, March 26 (Reuters) - Poland is working on a solution to lower fuel prices which may involve lowering VAT, Finance Minister Andrzej Domanski told Polish public radio on Thursday."The government is working to lower prices at petrol stations," he said. "Reducing VAT is one of the so...Reuters
43 minutes ago
France to announce targeted measures to address energy prices, minister says
PARIS, March 26 (Reuters) - France will announce targeted measures in the coming days to address energy price spikes driven by the Iran war, French finance minister Roland Lescure said on Thursday.The government is preparing support for sectors hit hard by rising costs, including trucking companies ...Reuters
43 minutes ago
ROI-Europe scales back climate goals to ease Iran war energy shock: Bousso
By Ron Bousso HOUSTON, March 26 (Reuters) - The European Union may be forced to scale back its flagship climate policies and geopolitical aims as the Iran war drives up energy prices - with lasting consequences for the bloc's energy strategy.The energy crunch sparked by the conflict, now in i...Reuters
an hour ago
Turkish crude oil tanker hit by drone near Bosphorus strait, NTV says
ANKARA, March 26 (Reuters) - A Turkish crude oil tanker, the Altura, was hit by a drone some 15 nautical miles (28 km) off Istanbul's Bosphorus strait, broadcaster NTV reported on Thursday, adding that its 27 personnel were safe.The Sierra Leone-flagged vessel had departed from Russia's port...Reuters
an hour ago
TABLE-North Sea gas maintenance schedule: Adds Aldbrough outage
March 26 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUT...Reuters
2 hours ago
ANZ Says Further Rise in Aluminium Prices Could Accelerate Demand Rationing
March 26 (Reuters) - ANZ:SAYS WHILE HIGHER ALUMINIUM PRICES AND REGIONAL PREMIUMS HAVE ALREADY BEEN TEMPERING DEMAND, A FURTHER RISE WOULD LIKELY ACCELERATE DEMAND RATIONINGSAYS THEIR Q3 2026 FORECAST OF $3,600/T MARKS THE HIGH POINT IN THIS CYCLEESTIMATES NEARLY 800 - 1,000KT OF PRODUCTION WILL BE ...Reuters
2 hours ago
Area near one of Russia's biggest oil refineries damaged by Ukrainian drones, official says
MOSCOW, March 26 (Reuters) - An industrial area near one of Russia's biggest oil refineries was damaged in a Ukrainian drone attack, a Russian official said on Thursday.At least 40% of Russia's oil export capacity is at a halt following Ukrainian drone attacks, a disputed attack on a major p...Reuters
2 hours ago
Australia gas supply crunch pushed out to 2030, market operator says
By Helen Clark PERTH, March 26 (Reuters) - Expectations of a long-feared gas shortage on Australia's east coast have been pushed out by a year to 2030, due to coal power extensions, declining consumption and fast battery uptake, the country's energy market operator said on Thursday. “Prac...Reuters
2 hours ago
Barclays says Risks to Their $85/bbl Brent 2026 Forecast Skewed Higher
March 26 (Reuters) - BARCLAYS: NOTWITHSTANDING UNCERTAINTIES ABOUT THE DURATION OF THE MIDDLE EAST CONFLICT, RISKS TO THEIR $85/B BRENT 2026 FORECAST SKEWED HIGHERSAYS EVEN WITH MAX DIVERSION VIA YANBU AND FUJAIRAH, PROLONGED STRAIT OF HORMUZ DISRUPTION IMPLIES 13–14 MB/D SUPPLY LOSSSAYS IF THE SITU...Reuters
2 hours ago
France among nations eyeing Australia critical minerals investment, Australian minister says
France expected to invest in Australian critical minerals projects-ministerAustralia critical minerals reserve to feed into US stockpiles-ministerAustralia may need to back industry for decades - ministerBy Melanie Burton MELBOURNE, March 26 (Reuters) - France is among the countries poised to inv...Reuters
2 hours ago
China's Spring Airlines to raise domestic fuel charges from April 5
BEIJING, March 26 (Reuters) - China's Spring Airlines 601021.SS will raise fuel surcharges for domestic flights from April 5, the company said on its website, as the U.S.-Israeli war on Iran drives up jet fuel prices.Specific details of the adjustment will be announced in a later notice, the bud...Reuters
4 hours ago
Gold consolidates around $4,500 amid Middle East developments, firmer USD
Gold (XAU/USD) shows some resilience below the $4,500 psychological mark during the Asian session on Thursday and stalls the overnight rejection slide from the 100-day Simple Moving Average (SMA). The upside, however, remains capped amid a bullish US Dollar (USD).Fxstreet
4 hours ago
Saudi Arabia's Oil Sales To China, India Set To Come In At Lower-Than-Usual Levels Next Month - Bloomberg News
March 26 (Reuters) - SAUDI ARABIA’S OIL SALES TO ASIA’S TWO BIGGEST IMPORTERS SET TO COME IN AT LOWER-THAN-USUAL LEVELS NEXT MONTH - BLOOMBERG NEWSSAUDI ARAMCO DUE TO SHIP ABOUT 40 MILLION BARRELS OF CRUDE TO CUSTOMERS IN CHINA IN APRIL WHICH IS LOWER THAN USUAL - BLOOMBERG NEWSSAUDI ARAMCO'S FL...Reuters
4 hours ago
