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EXCLUSIVE-Japan government asks wholesalers to switch to Brent from Dubai pricing, document shows
Move should help address gasoline price spikes, METI saysIndia, Vietnam, Indonesia ask for supply helpJapan started to partially release oil stockpileBy Tamiyuki Kihara TOKYO, March 27 (Reuters) - Japan's industry ministry has asked domestic wholesalers to switch to Brent crude oil pricing f...Reuters
17 minutes ago
Oil: Upside risks persist as Iran deadline extended – ING
ING analysts Ewa Manthey and Warren Patterson note that Oil prices have steadied after US President Donald Trump extended the Iran energy deadline to 6 April, easing immediate pressure but maintaining a geopolitical premium.Fxstreet
19 minutes ago
China detaining Panama-flagged ships amid battle over port control, FMC says
FMC monitoring surge in Panama-flagged ship detentions in ChinaPanama court stripped CK Hutchison of Panama Canal port controlChina summoned Maersk, MSC for talks amid port control disputeChina has said it opposes the Panama rulingChina says US remarks show it wants to seize controlBy Lisa Baertlein...Reuters
24 minutes ago
US Senate approves DHS funding, but excludes ICE, Democrats' Schumer says
DHS has been partially shut down since February 13Democrats have demanded immigration enforcement reformsMarch 27 (Reuters) - The U.S. Senate passed legislation early on Friday that would finance most of the Department of Homeland Security but withhold funds from ICE and part of Customs and Border ...Reuters
25 minutes ago
Australia’s biggest LNG plants suffer outages due to cyclone, straining global supply
Category 3 cyclone batters Western AustraliaChevron reports outages at Gorgon and Wheatstone LNG Production at Woodside's North West Shelf also disruptedBy Christine Chen and Helen Clark SYDNEY, March 27 (Reuters) - A powerful tropical cyclone in Western Australia has disrupted production at ...Reuters
40 minutes ago
Asian refiners switch from Dubai to Brent to price US crude, sources say
By Florence Tan and Yuka Obayashi SINGAPORE, March 27 (Reuters) - Asian refiners are beginning to switch to pricing U.S. crude oil purchases against global benchmark ICE Brent instead of Dubai after the Middle East marker spiked to record levels this month, three refining and trade sources said o...Reuters
54 minutes ago
EXCLUSIVE-Japan government asks wholesalers to switch to Brent from Dubai pricing, document shows
By Tamiyuki Kihara TOKYO, March 27 (Reuters) - Japan's industry ministry has asked domestic wholesalers to switch to Brent crude oil pricing from the Dubai benchmark when setting gasoline prices, in an attempt to contain price rises, according to a document seen by Reuters on Friday.The meas...Reuters
an hour ago
METALS-Copper on track for weekly gain as Trump pauses attack on Iran's energy plants
March 27 (Reuters) - Copper rose on Friday and was on track to post its first weekly gain since the U.S.-Israel war on Iran began, following U.S. President Donald Trump's statements this week on delaying threatened attacks on Iran's energy plants.The most-active copper contract SCFcv1 on the...Reuters
an hour ago
PRECIOUS-Gold rises on softer dollar, on track for fourth weekly drop
Trump pauses attacks on Iran's energy plantsGold falls about 0.5% so far this weekSilver, platinum, palladium rises over 3% eachMarkets see no Fed rate cut this yearBy Noel John March 27 (Reuters) - Gold rose 2% on Friday, buoyed by a weaker dollar and bargain hunting, but was on track for a ...Reuters
2 hours ago
Oil slips on Iran talks, but prices remain elevated
Brent, WTI head for weekly declinesUS extends deadline for Iran to open Hormuz to April 6Investors still wary of prolonged conflict SINGAPORE, March 27 (Reuters) - Oil prices were on track for a weekly decline on Friday after U.S. President Donald Trump extended a pause in attacks on Iran's...Reuters
2 hours ago
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
March 27 (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 financia...Reuters
2 hours ago
TABLE-North Sea gas maintenance schedule: Revises Kollsnes outage
March 27 (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
Russia's Lavrov says US wants to take over Nord Stream gas pipelines
MOSCOW, March 27 (Reuters) - Russian Foreign Minister Sergei Lavrov said the U.S. has been seeking control over the Nord Stream gas pipelines in the Baltic Sea, which were damaged by mysterious blast in September 2022.Explosions that destroyed the pipelines more than three years ago largely severed ...Reuters
2 hours ago
Sulphur price surge creates windfall for China's struggling oil refiners
More than half the world's seaborne sulphur came from the GulfChina sulphur prices up by 33% since Iran war startedSinopec sees biggest jump in margins in four yearsRefiners still face serious challenges including refined product export banBy Sam Li and Lewis Jackson BEIJING, March 27 (Reuter...Reuters
3 hours ago
PRECIOUS-Gold rises on softer dollar, on track for fourth weekly drop
Trump pauses attacks on Iran's energy plantsGold falls over 1% so far this weekMarkets see no Fed rate cut this yearBy Noel John March 27 (Reuters) - Gold rose over 1% on Friday, buoyed by a weaker dollar and bargain hunting, but was on track for a fourth straight weekly decline as surging en...Reuters
4 hours ago
GRAINS-Chicago oilseed and grain futures wobble over Iran war uncertainty
BEIJING, March 27 (Reuters) - Chicago oilseed and grain futures fluctuated between gains and losses on Friday, as investors monitored developments in the Middle East amid mixed signals from the U.S. and Iran about efforts to end the war.The most-active corn contract on the Chicago Board of Trade (CB...Reuters
4 hours ago
METALS-Copper on track for weekly gain as Trump pauses attack on Iran's energy plants
March 27 (Reuters) - Copper inched up on Friday and was on track to post its first weekly gain since the U.S.-Israel war on Iran began, following U.S. President Donald Trump's statements this week on pausing attacks on Iran's energy plants.The most-active copper contract SCFcv1 on the Shangh...Reuters
4 hours ago
Singapore sets out plans to build Asia gold trading hub
By Yantoultra Ngui SINGAPORE, March 27 (Reuters) - Singapore set out plans on Friday to turn the city-state into a gold trading hub for the whole of Asia, with regulators and industry players working together to strengthen the market's trading, clearing and storage infrastructure.Singapore is...Reuters
5 hours ago
