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Saudi Aramco shuts Ras Tanura refinery after drone strike, source says
March 2 (Reuters) - Saudi Arabia's state oil giant Aramco 2222.SE shut its Ras Tanura refinery after it was hit by a drone, an industry source said on Monday, an apparent escalation on the third day of strikes across the region launched by Tehran in response to the U.S.-Israeli attack on Iran.Reuters
18 minutes ago
Oil prices expected to stay high for days, all eyes on Strait of Hormuz flows
March 2 (Reuters) - Analysts expect oil prices to remain elevated over the coming days with conflict escalating in the Middle East, as they assess the impact to supplies, especially flows through the Strait of Hormuz, a conduit for more than 20% of global oil.Crude futures surged more than 8% on Mon...Reuters
24 minutes ago
India, Canada aim for trade pact by year-end, strike uranium deal
NEW DELHI, March 2 (Reuters) - India and Canada will aim to conclude a free trade pact by the end of this year, Prime Minister Mark Carney said on Monday during his first visit to New Delhi, as the two countries seek to move past years of diplomatic friction to get economic ties back on track.New De...Reuters
36 minutes ago
Iran conflict disrupts oil supply to Asian countries dependent on Middle East
Iran conflict raises oil and transport costs for AsiaStrait of Hormuz disruption affects global oil and LNG supplyIndia may consider Russian oil amid shipping challenges, sources sayBy Katya Golubkova, Yuka Obayashi and Nidhi Verma TOKYO/NEW DELHI, March 2 (Reuters) - The widening Iranian conflic...Reuters
39 minutes ago
Oil surges 9% as Iran conflict disrupts Middle Eastern supply flow
Prices rise as much as 13% Israel hits Tehran again after strikes killed KhameneiHundreds of ships drop anchor in Middle East Gulf, data showsBy Florence Tan SINGAPORE, March 2 (Reuters) - Oil prices surged 9% on Monday after shipping in the crucial Strait of Hormuz was disrupted by retaliatory I...Reuters
40 minutes ago
Bernstein Revises Brent Oil Price Assumption To $80/Bbl For 2026
March 2 (Reuters) - BERNSTEIN:REVISES BRENT OIL PRICE ASSUMPTION TO $80/BBL FOR 2026SAYS IN AN EXTREME CASE, OIL COULD REACH $120–150/BBL AND THE LNG SHOCK COULD BE WORSEESTIMATES DEMAND DESTRUCTION AT $120–140/BBL OIL, WITH MATERIAL RECESSION RISKS AT ~$150/BBLREVISES 2026 JKM FORECAST TO $15/MMBTUReuters
41 minutes ago
Russia says five injured in massive overnight Ukrainian drone attack on Novorossiysk
MOSCOW, March 2 (Reuters) - Five people were injured and 20 buildings damaged in a massive overnight Ukrainian drone attack on the southern Russian city of Novorossiysk, which hosts a port and a naval base, local authorities said on Monday.The Russian Defence Ministry said it had downed 172 Ukrainia...Reuters
46 minutes ago
Gulf businesses reel as Iran strikes trigger regional shutdowns
Gulf markets tumble as trading halts and volatility surgesRamadan networking events cancelled or postponedAirport and port shutdowns hit tourism and transit operationsBy Hadeel Al Sayegh, Federico Maccioni, Rachna Uppal and Ateeq Shariff DUBAI, March 1 (Reuters) - Iran's retaliatory strikes a...Reuters
an hour ago
India, Canada agree to terms of reference on comprehensive economic partnership
NEW DELHI, March 2 (Reuters) - India and Canada have agreed to terms of reference on a comprehensive economic partnership, the Indian foreign ministry said on Monday. India and Canada aim to increase bilateral trade to $50 billion by 2030, Indian Prime Minister Narendra Modi said during press state...Reuters
an hour ago
TABLE-North Sea gas maintenance schedule
March 2 (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.OPERATORLOCATIONOUTA...Reuters
an hour ago
TECHNICALS-CBOT corn may retrace into $4.42-3/4 to $4.44-3/4 range
SINGAPORE, March 2 (Reuters) - CBOT corn CK26 may retrace into a range of $4.42-3/4 to $4.44-3/4 per bushel, following its failure to break a key resistance at $4.51-1/2.The failure suggests a completion of a wave C from $4.34. Another bearish reading is that bulls failed to maintain the price above...Reuters
2 hours ago
PRECIOUS-Gold climbs as US-Israel strikes on Iran spark safe-haven demand
By Ashitha Shivaprasad and Kavya Balaraman March 2 (Reuters) - Gold XAU= prices rose on Monday after the U.S. and Israel launched major strikes on Iran that killed Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty. Spot gold XAU= was...Reuters
2 hours ago
Small fire under control at Saudi Aramco refinery after apparent drone strike, Semafor reports
March 2 (Reuters) - A small, isolated fire is under control at Saudi Aramco's 2222.SE Ras Tanura refining facility following what appeared to be a drone strike earlier in the morning, a Semafor reporter said in a post on X on Monday citing sources.Reuters
2 hours ago
TECHNICALS-CBOT soybeans biased to climb to $11.89-3/4
For more technical analyses, please click SINGAPORE, March 2 (Reuters) - The CBOT soybean May contract SK26 is biased to climb to $11.89-3/4 per bushel, as suggested by a projection analysis.The contract has briefly pierced above the 238.2% projection level of $11.78-1/2. It is highly likely to exte...Reuters
2 hours ago
RPT-ROI-US copper mountain still growing after December import surge: Andy Home
By Andy Home LONDON, Feb 27 (Reuters) - The huge premium for delivering physical copper to the United States may have gone but the tariff trade tailwinds are still blowing hard. U.S. imports of refined metal appeared to be waning after the White House pushed back a decision on imposing tariffs in...Reuters
3 hours ago
PRECIOUS-Gold climbs as US-Israel strikes on Iran spark safe-haven demand
March 2 (Reuters) - Gold XAU= prices rose on Monday after the U.S. and Israel launched major strikes on Iran, killing Supreme Leader Ayatollah Ali Khamenei, escalating geopolitical tensions and deepening global economic uncertainty.Reuters
3 hours ago
Iran conflict disrupts some Middle East oil, fuel assessments from reporting agency Platts
SINGAPORE, March 2 (Reuters) - Oil price reporting agency S&P Global Platts is suspending bids and offers for price assessments of Middle East refined products that transit the Strait of Hormuz because of shipping disruptions from the U.S.-Iran conflict, the company said in a note to subscri...Reuters
4 hours ago
GRAINS-Chicago wheat pulls back from recent peak on improved US weather; soy, corn slip
BEIJING, March 2 (Reuters) - Chicago wheat futures eased on Monday as improving U.S. weather conditions reduced concerns over crop stress, prompting prices to retreat from a one-month high reached in the previous session.The most-active wheat contract on the Chicago Board of Trade (CBOT) Wv1 dropped...Reuters
4 hours ago
PRESS DIGEST-British Business - March 2
March 2 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.The Times- Private equity firm Blackstone BX.N has put 100 million pounds ($134.44 million) into OurHouse, which runs two hi...Reuters
5 hours ago
