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UN moves to create mechanism to safeguard Hormuz trade in face of Iran war
March 27 (Reuters) - The United Nations said on Friday it was setting up a task force to design a mechanism to keep trade flowing through the Strait of Hormuz, warning that disruptions caused by the Iran war risked greater food shortages and humanitarian crises worldwide. "Immediate act...Reuters
5 minutes ago
India: Energy shock risks and policy playbook – Societe Generale
Societe Generale’s Kunal Kundu analyses how the Iran conflict exposes India’s macro vulnerabilities through imported energy dependence and trade route risks. Kundu highlights broad spillovers from higher Oil and gas prices into the consumption basket and external balances.Fxstreet
9 minutes ago
Cheniere Energy's Train 5 in Texas operating at full capacity
Cheniere Energy Corpus Christi Train 5 operating at full capacityTrain 5 to add 1.5 million metric tons of LNG per yearCorpus Christi feedgas intake hit nearly 2.5 bcf on FridayBy Curtis Williams HOUSTON, March 27 (Reuters) - Cheniere Energy’s LNG.N Train 5 at its Corpus Christi liquefied natural...Reuters
18 minutes ago
CERAWEEK-Oil, gas exploration is back: Energy giants hunt to replenish reserves
Energy firms focus on exploration as reserves declineTechnology accelerates discovery-to-production timelineExxon has big find in Guyana; other breakthroughs neededBy Stephanie Kelly and Sheila Dang HOUSTON, March 27 (Reuters) - Global energy companies are getting back to basics and focusing on t...Reuters
29 minutes ago
PRECIOUS-Gold jumps over 3% on dip-buying as investors track Middle East tensions
Trump extends deadline for striking Iran energy plants to April 7Commerzbank raised its year-end gold price target to $5,000/ozBy Anushree Mukherjee March 27 (Reuters) - Gold prices surged more than 3% on Friday on dip-buying after a pullback earlier this week, while investors looked for signs of...Reuters
30 minutes ago
Canada eyes Mercosur pact by autumn
By Olivia Le Poidevin YAOUNDE, March 27 (Reuters) - Canada's minister of international trade said on Friday that he hopes to conclude a free-trade agreement with South America's Mercosur bloc by the autumn."We're stepping up the negotiation timelines a little bit. Hopefully we can...Reuters
38 minutes ago
Canada eyes Mercosur pact by autumn
YAOUNDE, March 27 (Reuters) - Canada's minister of international trade said on Friday that he hopes to conclude a free-trade agreement with South America's Mercosur bloc by the autumn."We're stepping up the negotiation timelines a little bit. Hopefully we can have negotiations every ...Reuters
51 minutes ago
Europe Gasoline/Naphtha-Gasoline margins firm in thin trading
LONDON, March 27 (Reuters) - Northwest European gasoline refinery profit margins rose on Friday by $1.44 to $12.25 as trading activity remained muted.No barges of either the winter grade Eurobob E10 or the winter E5 gasoline grade traded on Friday in the Argus window for a second consecutive session...Reuters
57 minutes ago
Trump says he wants Deere, Caterpillar to cut farmers' tractor costs
WASHINGTON, March 27 (Reuters) - U.S. President Donald Trump said on Friday that he wanted top agriculture supply brands, including John Deere, Case and Caterpillar, to lower farmers' tractor and equipment costs.Deere & Co DE.N shares were down 2% after the statement, while Case manufacturer...Reuters
an hour ago
ANALYSIS-Services firms feel the squeeze as oil rally from Iran war fails to spur drilling
Oilfield services firms face slowdown despite rising oil pricesMiddle East exposure leaves major service firms vulnerableRepair work could revitalize oilfield services demandBy Anushree Mukherjee, Vallari Srivastava and Pranav Mathur March 27 (Reuters) - Global oilfield services companies are br...Reuters
an hour ago
Oil prices gain but set for first weekly decline since start of Iran war
US extends Strait of Hormuz deadline Investors remain wary of prolonged conflictPrices could hit $200 if war drags on, Macquarie analysts sayBy Shariq Khan NEW YORK, March 27 (Reuters) - Oil prices rose on Friday reflecting scepticism about prospects for a ceasefire in the month-old Iran war, but...Reuters
an hour ago
US drillers cut oil and gas rigs for second week in a row, Baker Hughes says
By Scott DiSavino and Anmol Choubey March 27 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-January, energy services firm Baker Hughes BKR.O said on Friday.The oil and gas rig count, an early ind...Reuters
an hour ago
METALS-Copper rises as Trump extends deadline for attacks on Iranian energy plants
By Polina Devitt LONDON, March 27 (Reuters) - Copper and aluminium prices rose in volatile trade on Friday as U.S. President Donald Trump extended a deadline for striking Iran's energy plants, even though markets appeared sceptical about the chances of the two sides agreeing on a deal.Benchma...Reuters
an hour ago
US drillers cut oil and gas rigs for second week in a row, Baker Hughes says
March 27 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a second week in a row for the first time since mid-January, energy services firm Baker Hughes BKR.O said on Friday.The oil and gas rig count, an early indicator of future output, fell by nine t...Reuters
2 hours ago
US finalizes biofuel blending quotas for 2026-27
WASHINGTON, March 27 (Reuters) - The Trump administration on Friday finalized new biofuel blending volumes mandates for the U.S. oil refiners, requiring more of the fuels made from corn and other agricultural products than initially proposed, in an apparent win for farmers. The Environmental Protect...Reuters
2 hours ago
Portugal proposes diesel subsidy to mitigate Iran war energy cost
By Sergio Goncalves LISBON, March 27 (Reuters) - Portugal proposed a temporary subsidy of 10 euro cents per litre on diesel for key sectors such as agriculture and transport on Friday to ease fuel cost increases due to the Iran war.The subsidies could cost up to 450 million euros ($519 million) o...Reuters
2 hours ago
US finalizes biofuel blending quotas for 2026-27
WASHINGTON, March 27 (Reuters) - The Trump administration on Friday finalized new biofuel blending volumes mandates for the U.S. refining industry, setting the 2026 biofuel obligations at 26.81 billion RINs and the 2027 obligation at 27.02 billion RINs, and requiring large refiners to make up for 70...Reuters
2 hours ago
US expects Iran operation to conclude in weeks, not months, says Rubio
PARIS, March 27 (Reuters) - Secretary of State Marco Rubio said on Friday the U.S. expects its operation in Iran to conclude in "weeks, not months" after he met with G7 foreign ministers in France.Rubio also said Iran may decide to set up a tolling system for the Strait of Hormuz.Reuters
2 hours ago
