News
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ANALYSIS-Western powers were unable to secure shipping in the Red Sea. Hormuz will be harder
Red Sea efforts failed despite billions spent and military involvementIran's military capabilities surpass those of the HouthisHigh stakes for global oil supply and energy pricesBy Lisa Baertlein and Jonathan Saul LOS ANGELES/LONDON, March 25 (Reuters) - The Western allies trying to negotiate...Reuters
7 minutes ago
Binghatti Says Construction Operations Remain Fully Operational And On Schedule
March 25 (Reuters) - BINGHATTI HOLDING: SAYS ITS CONSTRUCTION OPERATIONS REMAIN FULLY OPERATIONAL AND ON SCHEDULE DESPITE HEIGHTENED GEOPOLITICAL TENSIONSCANCELLATION RATES REMAIN LOW, CONSISTENT WITH HISTORICAL LEVELS OF BELOW 1 PER CENT.MAINTAINED ITS STRONG SALES MOMENTUM, WITH AVERAGE WEEKLY SAL...Reuters
21 minutes ago
Philippine Airlines says jet fuel supplies secure despite Middle East conflict
MANILA, March 25 (Reuters) - Philippine Airlines has adequate jet fuel supply to support its scheduled operations, including long-haul flights, for the forseeable future, the flag carrier said in a statement on Wednesday.The statement, posted on its Facebook account, came a day after Bloomberg News ...Reuters
22 minutes ago
Blaze at Russia's Baltic Sea port of Ust-Luga after major Ukrainian drone attack
MOSCOW, March 25 - A fire broke out at Russia's Baltic Sea port of Ust-Luga, a major oil export hub, after a major Ukrainian drone attack, Russian officials said on Wednesday. Ukraine has stepped up drone attacks on Russian oil refineries and export routes over recent weeks in an attempt to weak...Reuters
27 minutes ago
WTI Price Forecast: Flat lines below $88.00; 200-hour SMA breakdown remains in play
West Texas Intermediate (WTI) Crude Oil prices reverse an intraday fall to the $86.00 mark, back closer to the overnight swing low, though traders seem reluctant to place directional bets amid mixed geopolitical signals.
Fxstreet
55 minutes ago
PRECIOUS-Gold climbs more than 2% on softer dollar, easing expectations of higher rates
US proposes plan to end war in IranOil prices drop on prospect of Middle East ceasefireUS dollar edges down 0.2%By Noel John March 25 (Reuters) - Gold rose more than 2% on Wednesday, buoyed by a softer dollar, while a drop in oil prices eased concerns about elevated inflation and higher global in...Reuters
an hour ago
Gold rallies to $4,600 as US-Iran ceasefire hopes ease rate hike fears
Gold (XAU/USD) builds on this week's solid recovery from a technically significant 200-day Simple Moving Average (SMA) near the $4,100 mark, or a four-month low, and climbs to the $4,600 mark during the Asian session on Wednesday.Fxstreet
2 hours ago
Oil prices drop on prospect of Middle East ceasefire easing supply disruption
Trump cites progress with Iran, US proposes plan to end war Iran tells UN 'non-hostile' ships can transit Strait of HormuzSaudi boosts Yanbu exports to work around Hormuz halt, data showsBy Yuka Obayashi and Trixie Yap March 25 (Reuters) - Oil prices fell around 4% on Wednesday on the pro...Reuters
2 hours ago
GRAINS-Chicago soybeans fall on prospect of Middle East ceasefire
BEIJING, March 25 (Reuters) - Chicago soybean futures fell on Wednesday, tracking losses in soyoil prices driven by lower crude oil on reports the U.S. is seeking a month-long ceasefire in its war on Iran.Wheat and corn futures also edged lower.The most-active soybean contract on the Chicago Board o...Reuters
2 hours ago
RPT-ANALYSIS-Pakistan leans on US and Iran ties to emerge as potential peacebroker
Pakistan's army chief has built close relations with TrumpSouth Asian nation seen as Iran's least adversarial neighbourUnlike other potential mediators, Pakistan doesn't host US basesHolds defence pact with Saudi Arabia, Iran's historic rivalBy Ariba Shahid, Saad Sayeed and Mubasher ...Reuters
3 hours ago
PRECIOUS-Gold climbs more than 2% on softer dollar, easing fears of higher interest rates
US proposes plan to end war in IranOil prices drop on prospect of Middle East ceasefireUS dollar edges down 0.2%By Noel John March 25 (Reuters) - Gold rose more than 2% on Wednesday, buoyed by a softer dollar, while a drop in oil prices eased concerns about elevated inflation and higher global in...Reuters
4 hours ago
METALS-Copper rebounds on softer dollar, Middle East de-escalation hopes
BEIJING, March 25 (Reuters) - Copper prices rebounded on Wednesday, as a softer dollar and renewed hopes of a de-escalation in the Middle East war bolstered demand prospects.The most-traded copper contract on the Shanghai Futures Exchange SCFcv1 rose 1.36% to 95,800 yuan ($13,916.13) per metric ton...Reuters
4 hours ago
Fluid release ignited blast, fire at Valero refinery, filing shows
Valero completed Port Arthur refinery shutdown on TuesdayFire extinguished at Texas refinery No injuries reported from blast, blazeBy Erwin SebaHOUSTON, March 24 (Reuters) - A release of fluid set off an explosion and ensuing fire that forced the temporary shutdown of Valero Energy Corp's VLO.N ...Reuters
4 hours ago
PRECIOUS-Gold climbs over 2% on softer dollar, easing fears of higher interest rates
March 25 (Reuters) - Gold rose more than 2% on Wednesday, buoyed by a softer dollar, while a drop in oil prices eased concerns about elevated inflation and higher global interest rates, amid reports of a U.S. plan to end the Middle East war. FUNDAMENTALS Spot gold XAU= rose 2.1% to $4,568.29 pe...Reuters
5 hours ago
GRAINS-Chicago soybeans fall as hopes fade for quick end to Iran war
BEIJING, March 25 (Reuters) - Chicago soybean futures slipped on Wednesday as traders scaled back expectations of a swift end to the U.S.-Israeli war on Iran, while uncertainty persisted over how long the conflict will go on.Wheat and corn futures also edged lower.FUNDAMENTALSThe most-active soybean...Reuters
5 hours ago
CIF/FOB Gulf Grain-Corn, soy barge bids soften as freight costs dip
CHICAGO, March 24 (Reuters) - Spot basis bids of corn and soybeans shipped by barge to U.S. Gulf Coast terminals declined on Tuesday, reflecting slower exporter demand and cheaper barge freight costs, traders said. Empty barges on the Mississippi River at St. Louis for this week were offered at 485%...Reuters
5 hours ago
