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Venture Global forecasts downbeat 2026 profit due to winter storm, LNG margin squeeze
March 2 (Reuters) - U.S.-based LNG company Venture Global's VG.N forecast 2026 adjusted core profit below Wall Street expectations on Monday, due to impacts from Winter Storm Fern and margin compression in the first quarter.Reuters had reported last month that exports of liquefied natural gas fr...Reuters
11 minutes ago
US flagged products tanker hit by unknown projectiles in Bahrain port, sources say
LONDON, March 2 (Reuters) - U.S. flagged products tanker Stena Imperative was hit by two unknown projectiles in the port of Bahrain early on Monday causing a fire on board, which was extinguished, two maritime security sources said.The vessel was struck at 0257 GMT and it remains in the port, Britis...Reuters
11 minutes ago
Space has become 'war-fighting domain' as militaries race to orbit, SES chief says
By Leo Marchandon March 2 (Reuters) - Space has become a war zone demanding military dominance across every orbit, the chief executive of SES SESFg.LU said on Monday, as the satellite operator's shares jumped 4% after annual results, reflecting a broader rally in Europe's defence-tied sto...Reuters
15 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
16 minutes ago
Brazil sorghum exports to gain momentum in H2, says Hang Tung
SAO PAULO, March 2 (Reuters) - Brazilian sorghum exports will be limited in the first half of 2026 by restricted supply, but Chinese sorghum trader Hang Tung expects more active business in the second half as the harvest arrives, its Brazil director-general told Reuters. KEY CONTEXT• Exporters c...Reuters
18 minutes ago
WRAPUP 3-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 Shut-downs precautionary measuresBy Yousef Saba March 2 (Reuters) - Saudi Arabia shut its biggest domestic oil refinery on Monday after a drone strike, a sou...Reuters
21 minutes ago
EUROPE GAS-European gas prices soar on Middle East conflict
Analysts warn prolonged disruption could push prices higherSome shipments of oil, LNG through Strait of Hormuz suspendedBenchmark Asian LNG price up almost 39%By Susanna TwidaleLONDON, March 2 (Reuters) - Benchmark Dutch and British wholesale gas prices soared on Monday morning, after Iran and Israe...Reuters
25 minutes ago
Venture Global forecasts downbeat 2026 profit due to winter storm, LNG margin squeeze
March 2 (Reuters) - U.S.-based LNG company Venture Global's VG.N forecast 2026 adjusted core profit below Wall Street expectations on Monday, due to impacts from Winter Storm Fern and margin compression in the first quarter.Reuters had reported last month that exports of liquefied natural gas fr...Reuters
28 minutes ago
Tengizchevroil says oil production at Tengiz has not yet reached full capacity, Ifax reports
MOSCOW, March 2 (Reuters) - Kazakhstan's Tengizchevroil consortium said on Monday that oil production at Tengiz oilfield has not yet reached full capacity, Russian news agency Interfax reported.Reuters
30 minutes ago
Kuwait shoots down US jets in friendly-fire incident, US CENTCOM says
Kuwait acknowledges incident, investigation underway, CENTCOM reportsUS aircraft crews evacuated, stable after friendly-fire incident 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
37 minutes ago
PRECIOUS-Gold jumps over 2% as US-Israel strikes on Iran trigger rush to safe havens
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% as U.S.-Israel strikes on Iran expanded on Monday with no end in sight, stoking fears of wider geopolitic...Reuters
43 minutes ago
Germany says flying stranded nationals out of the Middle East is measure of last resort
BERLIN, March 2 (Reuters) - A German defence ministry spokesperson said on Monday that using military aircraft to evacuate German nationals stranded in the Middle East is a measure of last resort after all efforts to use commercial operators have been exhausted.Reuters
47 minutes ago
Lebanese prime minister says Lebanon will ban Hezbollah's military activities
March 2 (Reuters) - Lebanese Prime Minister Nawaf Salam said Lebanon will ban Hezbollah's military activities after Israel said it struck Hezbollah-linked sites in response to the group's missile and drone attacks following the reported killing of Iran's Supreme Leader Ali Khamenei.Reuters
50 minutes ago
Trafigura, Venture Global sign five‑year US LNG supply deal
March 2 (Reuters) - Venture Global VG.N has agreed to sell about 0.5 million tonnes per annum (MTPA) of U.S. liquefied natural gas to commodity trader Trafigura for five years, starting in 2026, the companies said on Monday.The agreement marks the latest move by Trafigura to secure North American LN...Reuters
52 minutes ago
Germany ramps up efforts to aid nationals stranded in the Middle East
BERLIN, March 2 (Reuters) - Germany's government is working "round the clock" to support its nationals stranded in the Middle East following widespread travel disruptions, a spokesperson for the foreign ministry said on Monday.Reuters
an hour ago
Oil, gas surge as Iran conflict disrupts Middle Eastern flows
Oil rises as much as 13%, but less than some analysts expectedIsrael hits Tehran again after strikes killed KhameneiHundreds of ships have dropped anchor in Gulf, data showsEuropean gas benchmark rises more than 25% at peakBy Alex Lawler and Susanna Twidale LONDON, March 2 (Reuters) - Oil an...Reuters
an hour ago
Germany says its soldiers deployed in the Middle East will defend themselves if attacked
BERLIN, March 2 (Reuters) - A German government spokesperson said on Monday that the nation's military personnel deployed in the Middle East have the right to defend themselves if attacked, following the U.S.-Israeli military assault on Iran.Reuters
an hour ago
ANALYSIS-South Bow plan to revive parts of Keystone XL needs Trump approval, US oil pipeline links
South Bow's plan to revive KXL needs additional links in US Proposal leverages existing infrastructure in CanadaEnvironmental, Indigenous opposition likely for South Bow's pipeline expansionBy Amanda Stephenson CALGARY, March 2 (Reuters) - A proposal led by Canadian company South Bow SOBO...Reuters
an hour ago
