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Oil Falls 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 hikes Yanbu exports to work around Hormuz halt, data showsBy Yuka Obayashi and Trixie Yap March 25 (Reuters) - Oil prices sank about 4% on Wednesday after report...
Reuters
14 minutes ago
COSCO SHIPPING resumes new container bookings for Mideast shipments
BEIJING, March 25 (Reuters) - Shanghai-based COSCO SHIPPING Lines, operator of one of the world's biggest fleets, said in a note to clients on Wednesday that it had resumed new bookings for general cargo containers for shipments to the United Arab Emirates, Saudi Arabia, Bahrain, Qatar, Kuwait a...Reuters
4 minutes ago
Russian attacks knock out power for thousands in Ukraine's north
March 25 (Reuters) - Russian attacks damaged two energy facilities in Ukraine's northern Chernihiv region, leaving close to 212,000 consumers without power, a regional electricity distribution company said on Wednesday. Chernihivoblenergo said nearly 150,000 consumers in the city of Chernihiv...Reuters
7 minutes 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 snapped a two-session losing streak to end daytime tra...Reuters
15 minutes ago
Japan's gas demand may fall if Iran war hits plastics supply, gas companies say
By Yuka Obayashi and Katya Golubkova TOKYO, March 25 (Reuters) - Japan's gas demand may fall if the war on Iran continues to curb naphtha supply to petrochemical plants and hits their sales of resins including plastics to a range of manufacturers, gas company chiefs said on Wednesday.Osaka Ga...Reuters
40 minutes ago
TABLE-UAE's Fujairah oil inventory data for week ended March 23
March 25 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended March 23, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change fr...Reuters
42 minutes ago
Kazakhstan bans animal feed wheat imports from Russia after cattle disease outbreak
ALMATY, March 24 (Reuters) - Kazakhstan banned imports of animal feed wheat from Russia after a cattle disease outbreak in several Russian regions bordering Kazakhstan led to mass culling of livestock, a document issued by the State Inspection Committee showed. "This measure is aimed at ensurin...Reuters
44 minutes ago
Tokyo Gas President: Currently No LNG Procurement From Middle East But We Remain Prepared To Ensure Stable Supply
March 25 (Reuters) - Tokyo Gas Co Ltd 9531.T President:ALTHOUGH THERE ARE CURRENTLY NO LNG PROCUREMENT FROM THE MIDDLE EAST, WE REMAIN PREPARED TO ENSURE A STABLE SUPPLYWE MAINTAIN COMMUNICATION WITH AUSTRALIAN GOVERNMENT OFFICIALS AS NEEDED AND URGING THEM TO ENSURE THERE ARE NO DISRUPTIONS TO EXIS...Reuters
2 hours ago
Asia looks to COVID-era playbook to tackle fuel crisis
Asian nations scrambling to respond to fuel shortagesSouth Korea considers work-from-home policiesPhilippines reduces work week for some public officesJapan, Australia, NZ roll out relief measures March 25 (Reuters) - Countries across Asia are weighing up work-from-home policies and stimulus mea...Reuters
2 hours ago
TABLE-North Sea gas maintenance schedule: Revises Taqa outage
March 25 (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
Valero preparing Port Arthur oil refinery for restart after blast, sources say
HOUSTON, March 25 (Reuters) - Valero Energy Corp VLO.M began preparing its 380,000 barrel-per-day (bpd) Port Arthur, Texas, oil refinery for a restart this week after it was shut on Tuesday following an explosion and ensuing fire on Monday night, two people familiar with plant operations said. Worke...Reuters
2 hours ago
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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
3 hours 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
3 hours ago
