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Turkish Airlines cancels some Middle East flights due to airspace closures
ISTANBUL, Feb 28 (Reuters) - Turkish Airlines said on Saturday that it had cancelled flights to several Middle Eastern destinations after some countries closed their airspace.Flights to Lebanon, Syria, Iraq, Iran and Jordan are cancelled until March 2Flights to Qatar, Kuwait, Bahrain, the United Ara...Reuters
13 minutes ago
OPEC+ may consider larger oil output boost, sources say after Iran strike
LONDON/MOSCOW, Feb 28 (Reuters) - OPEC+ will likely consider a larger oil output increase, two sources familiar with OPEC+ thinking said on Saturday, after the U.S. and Israel launched military strikes on Iran.Eight members of the grouping of the Organization of the Petroleum Exporting Countries an...Reuters
34 minutes ago
Germany closely monitoring situation in Iran, Israel, wider region
BERLIN, Feb 28 (Reuters) - Germany is closely monitoring the situation in Iran, Israel and the wider region, the foreign ministry said on Saturday after Israel and the U.S. launched strikes against Iran, adding that the national crisis management team would meet at 12 p.m. local time (1100 GMT).The ...Reuters
40 minutes ago
Lufthansa suspends flights to and from Tel Aviv, Beirut, Oman
BERLIN, Feb 28 (Reuters) - Germany's Lufthansa LHAG.DE is suspending flights to and from Tel Aviv in Israel, Beirut in Lebanon, and Oman until March 7 after Israel and the U.S. launched strikes on Iran, a company spokesperson said on Saturday. The airline is also suspending flights to and from D...Reuters
2 hours ago
OPEC+ to consider bigger hike after Iran strike, delegate says, Bloomberg News reports
Feb 28 (Reuters) - OPEC+ will discuss the possibility of a larger output increase when key members meet on Sunday, after Israel carried out airstrikes on targets in Iran, Bloomberg News reported on Saturday, citing a delegate.Reuters could not immediately verify the report.Reuters
3 hours ago
Gold, Silver and Oil Surge Together, Gold Nears $5,300 as Silver Rises for 10th Straight Month
TradingKey - Gold, silver, and oil surged collectively. Gold (XAUUSD) rose nearly 2% on the day to close at $5,280/oz, approaching $5,300. Silver (XAGUSD) recorded its tenth consecutive monthly gain, rising over 6% by the close to reach nearly $94. WTI crude oil front-month futures rose over 3% to settle at $67.29.
CIF/FOB Gulf Grain-Soy barge bids tick lower while offers rise
CHICAGO, Feb 27 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals fell on Friday, while offers rose as buyers and sellers moved further apart in subdued trade, brokers said.CIF Gulf soybean barges loaded in February were bid at 105 cents over Chicago Board of...Reuters
9 hours ago
North Dakota judge finalizes $345 million judgment against Greenpeace in pipeline case
By Nate Raymond Feb 27 (Reuters) - A North Dakota judge on Friday finalized a $345 million judgment against Greenpeace in a lawsuit pursued by pipeline company Energy Transfer ET.N over the environmental group's role in protests against the construction of the Dakota Access Pipeline.The final...Reuters
10 hours ago
Dominican Republic has over 150 million tons of rare earth deposits, president says
SANTO DOMINGO, Feb 27 (Reuters) - The Dominican Republic has identified rare earth deposits that could position the Caribbean nation as a significant future supplier of minerals critical to high-tech industries, President Luis Abinader said on Friday.Preliminary studies indicate gross deposits excee...Reuters
11 hours ago
Barclays says Brent could reach $80 a barrel on US-Iran tensions
Feb 27 (Reuters) - Barclays said Brent crude could rise to around $80 per barrel in the event of a material supply disruption, as U.S.-Iran tensions remain elevated."While it is entirely possible that an escalation does not lead to a supply disruption and the $3-5/b risk premium in oil prices fa...Reuters
11 hours ago
Brazil's Braskem Q4 resin sales volume in Brazil -8% from a year earlier
Feb 27 (Reuters) - Braskem SA BRKM3.SA:Q4 RESIN SALES VOLUME IN BRAZIL -8% FROM A YEAR EARLIERQ4 AVERAGE UTILIZATION RATE OF ITS PETROCHEMICAL PLANTS IN BRAZIL AT 59% - FILINGQ4 SALES VOLUME OF MAIN PETROCHEMICAL PRODUCTS IN BRAZIL -13% FROM A YEAR EARLIERQ4 SALES VOLUME OF POLYETHYLENE IN MEXICO +1...Reuters
12 hours ago
Canada's Taiga Q4 revenue falls on lower lumber prices
OverviewCanada building materials firm's fiscal Q4 revenue fell 8% yr/yr due to lower lumber pricesCompany reported fiscal Q4 net loss of C$9.1 mln due to impairment of U.S. subsidiaryFiscal Q4 gross margin improved to 11.5% from 10.6% last yearOutlookCompany expects performance to improve as U....Reuters
12 hours ago
Bird flu devastates 7.4 million Pennsylvania chickens in a month
Bird flu triggers crisis, Pennsylvania governor saysWild geese suspected of spreading virus to poultry flocksFarmers brace for wild birds to migrate in springBy Tom Polansek CHICAGO, Feb 27 (Reuters) - Bird flu has wiped out 7.4 million chickens in Pennsylvania in the past month, a swift and deva...Reuters
13 hours ago
GRAINS-US wheat climbs to one-year peak as US-Iran tensions spook funds
Risk of Iran conflict spurs short coveringSoybeans still supported by demand expectationsWheat hits 1-year high, corn at 7-week topBy Karl Plume CHICAGO, Feb 27 (Reuters) - U.S. wheat futures rallied to a one-year high on Friday as worries about a U.S.-Iran military conflict sparked short coverin...Reuters
13 hours ago
LIVESTOCK-CME cattle futures dive on poor packer margins, lower cash prices
By Karl Plume CHICAGO, Feb 27 (Reuters) - Chicago Mercantile Exchange cattle futures tumbled for a second straight session on Friday as deeply negative beef packer margins and lower cash cattle prices weighed on the market, analysts said.A looming strike at a large beef plant in Greeley, Colorado...Reuters
13 hours ago
US says research funding into new farm practices to surpass $1 billion
Feb 27 (Reuters) - The United States will invest an additional $200 million in research into new and sustainable farm practices, bringing the total to more than $1 billion, the government said on Friday.The administration is pushing efforts to reduce the use of pesticides by finding alternatives.The...Reuters
13 hours ago
Oil prices rise more than 2% as US and Iran extend talks
US-Iran talks end with no deal but signs of progressTechnical discussions scheduled for Vienna next week Brent and WTI benchmarks trade at multi-month highs UAE, Saudi to increase output in April, sources say By Erwin Seba HOUSTON, Feb 27 (Reuters) - Oil prices rose about 2% on Friday with trader...Reuters
13 hours ago
CBOT soybeans reach 20-month high on demand optimism, rising soyoil
CHICAGO, Feb 27 (Reuters) - Chicago Board of Trade soybean futures scaled to a 20-month high on Friday on expectations for improving demand from biofuel makers and hopes for import purchases by China, analysts said.Soybean drew support from rising soyoil prices. Soyoil futures posted life-of-contrac...Reuters
13 hours ago
US natgas futures edge up on higher global energy prices, near-record LNG exports
Gas futures rise despite warmer weather forecastsTexas Waha Hub prices negative for 16th consecutive dayLNG export flows near record levels in FebruaryBy Scott DiSavino NEW YORK, Feb 27 (Reuters) - U.S. natural gas futures edged up on Friday on near-record liquefied natural gas export flows a...Reuters
14 hours ago
