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Asian LNG benchmark jumps to $13.133/mmbtu amid US-Iran conflict, Platts data shows
By Marwa Rashad and Emily Chow LONDON/SINGAPORE, March 2 - Benchmark Asian liquefied natural gas (LNG) prices jumped over 20% on Monday as a widening conflict following U.S. and Israeli strikes on Iran - and Tehran's retaliation - choked tanker traffic through the Strait of Hormuz.Platts, par...Reuters
6 minutes ago
WRAPUP 2-Major Saudi refinery, Iraqi Kurdish and Israeli oil, gas fields shut amid Mideast strikes
Ras Tanura refinery hit by drone, source saysMajor Israeli gas fields, including Leviathan, offlineMost output in Iraqi Kurdistan shut down as precautionBy Yousef Saba March 2 (Reuters) - Saudi Arabia shut its biggest domestic oil refinery on Monday after a drone strike, a source said, as Israeli...Reuters
9 minutes ago
Marine insurers cancel war risk cover, tanker costs to rise as Iran conflict intensifies
Marine insurers cancel war risk coverShipping disruption in Gulf sparks oil price jump Mideast-China oil shipping rate at over six-year highBy Emily Chow and Jeslyn Lerh SINGAPORE, March 2 (Reuters) - Marine insurers are cancelling war risk coverage for vessels and oil shipping rates are set to s...Reuters
12 minutes ago
Vessel in Bahrain port struck by two projectiles, UKMTO says
DUBAI, March 2 (Reuters) - The United Kingdom Maritime Trade Operations said on Monday it received a report of an incident in the port of Bahrain where a vessel was struck by two unknown projectiles, causing a fire.The fire was extinguished, the vessel remained in the port, and the crew were evacuat...Reuters
18 minutes ago
EU policymakers expect no immediate oil security impact from Iran conflict, email shows
By Kate AbnettBRUSSELS, March 2 (Reuters) - The European Commission does not expect the widening conflict in the Middle East to have any immediate impact on the European Union's security of oil supply, it said in an email seen by Reuters on Monday.Oil prices LCOc1 rose by 9% on Monday after ship...Reuters
20 minutes ago
Amazon's AWS reports outage after UAE data center struck by 'objects'
AWS UAE and Bahrain regions face power outagesFull recovery expected to take many hoursAWS confirms sparks and fire after objects hit UAE data centerBy Shubham Kalia March 2 (Reuters) - Amazon AMZN.O cloud-computing unit's facilities in the Middle East were facing power and connectivity issue...Reuters
26 minutes ago
MSC Cruises says Euribia to remain in Dubai port as per US guidance, says MSC Cruises
BERLIN, March 2 (Reuters) - The cruise ship MSC Euribia will remain in the port of Dubai in accordance with guidance from regional U.S. military authorities, a spokesperson for MSC Cruises said on Monday."We are actively in contact with embassies and foreign offices to ensure they have the relev...Reuters
29 minutes ago
China oil refiners cushioned from Iran conflict with ample Iranian, Russian supply at hand
Abundant supplies from Iran, Russia now en route to China Government stockpiles around 900 million barrels, about 78 days of importsIran oil discounts expected to narrow amid concern that supply will tighten By Chen Aizhu, Siyi Liu and Sam Li March 2(Reuters) - Oil refiners in China will likely h...Reuters
30 minutes ago
Iranian attacks targeted civilian infrastructure in Qatar including airport, spokesperson says
March 2 (Reuters) - Qatar has intercepted Iranian attacks that targeted civilian infrastructure, including the international airport, the Qatari foreign ministry spokesperson told CNN on Monday, adding that such attacks could not remain unanswered.Majed Al Ansari also said that Qatar was not engagin...Reuters
47 minutes ago
Asian LNG benchmark jumps to $13.133/mmbtu amid US-Iran conflict - Platts data
LONDON/SINGAPORE, March 2 - The Japan-Korea-Marker (JKM), widely used as an Asian LNG benchmark, rose 20.7% to $13.133 per million British thermal units (mmBtu) on Monday, after the U.S. and Israel attacked Iran and Tehran retaliated, Platts, part of S&P Global Energy, told Reuters on Monday.Reuters
47 minutes ago
Oil surges 8% as Iran conflict disrupts Middle Eastern flows
Prices rise as much as 13% Israel hits Tehran again after strikes killed KhameneiHundreds of ships have dropped anchor in Gulf, data showsPrice jump less than some analysts expectedBy Florence Tan and Alex Lawler SINGAPORE/LONDON, March 2 (Reuters) - Oil surged 9% on Monday after retaliatory Iran...Reuters
49 minutes ago
EU says no 'immediate' oil security impact from Iran conflict, email shows
BRUSSELS, March 2 (Reuters) - The European Commission sees no immediate impact on the European Union's security of oil supply from the escalating conflict in the Middle East, it said in an email to EU governments, seen by Reuters on Monday."At this stage, we do not foresee an immediate oil S...Reuters
50 minutes ago
PRECIOUS-Gold jumps more than 2% as US-Israel strikes on Iran spark safe-haven demand
Gold trades above $5,400 per ounceSilver touches highest level since January 30Israel strikes Lebanon following Hezbollah attacksBy Noel John March 2 (Reuters) - Gold prices rose more than 2% on Monday, as U.S.-Israel strikes on Iran that killed Supreme Leader Ayatollah Ali Khamenei over the week...Reuters
58 minutes ago
Several U.S. military aircraft crash in Kuwait as Iranian strikes continue
US aircraft crews evacuated, stable after crashes in KuwaitSmoke seen near US Embassy in Kuwait City, fire trucks present, witness reportsUS Embassy warns citizens of missile and drone threats KUWAIT CITY, March 2 (Reuters) - Several U.S. military aircraft crashed in Kuwait early on Monday, b...Reuters
an hour ago
European gas prices soar more than 25% on Middle East conflict
LONDON, March 2 (Reuters) - Benchmark Dutch and British wholesale gas prices rose more than 25% on Monday morning, after Iran and Israel stepped up attacks in the Middle East and on the suspension of many energy shipments through the Strait of Hormuz.Reuters
an hour ago
Iran conflict disrupts Middle East oil, fuel, LNG assessments from reporting agency Platts
By Florence Tan, Trixie Yap and Siyi Liu SINGAPORE, March 2 (Reuters) - S&P Global Platts suspended on Monday bids and offers for some price assessments of Middle East crude, refined products and liquefied natural gas (LNG) that ship through the Strait of Hormuz, citing shipping disruptions f...Reuters
an hour ago
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
2 hours 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
2 hours 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
2 hours ago
