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WRAPUP 2-Iran conflict disrupts global shipping as tankers are stranded, damaged
Shipping disruption in Gulf sparks oil and gas price jump Mideast-China oil shipping rate at over six-year highOil and gas market fears prolonged disruptionBy Jonathan Saul, Emily Chow and Jeslyn Lerh LONDON/SINGAPORE, March 2 (Reuters) - Insurance companies are cancelling war risk coverage for v...Reuters
23 minutes ago
WRAPUP 5-Qatar halts LNG output, Saudi refinery, 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) - Qatar halted its production of liquefied natural gas on Monday as Israeli and U.S. strike...Reuters
26 minutes ago
BREAKINGVIEWS-Iran chaos is issue for gas as much as oil market
By Yawen Chen LONDON, March 2 (Reuters Breakingviews) - The Strait of Hormuz does not have to be formally closed to disrupt global energy. Shipowners, insurers and traders can mess up the channel at the end of the Arabian Gulf through which a fifth of the world’s oil and gas pass on their own. Ev...Reuters
32 minutes ago
EU does not expect immediate energy security impact from Iran conflict
EU oil coordination group will meet within 48 hoursSpokesperson says no immediate risk of gas shortageEU asks member countries to assess oil suppliesBy Kate Abnett BRUSSELS, March 2 (Reuters) - The European Commission does not expect the widening conflict in the Middle East to have any immediate ...Reuters
32 minutes ago
California Resources Q4 adjusted net income misses expectations
OverviewEnergy and carbon management firm's Q4 adjusted net income missed analyst expectationsCompany advancing carbon capture projects, first CO2 injection at Elk Hills in spring 2026Signed MOUs for 6.8 mln metric tons per annum carbon capture capacityOutlookCompany anticipates 2026 capital inv...Reuters
34 minutes ago
Oil and gas condensate output in Kazakhstan jumps 43% m/m in February, source says
Output rebounded as the giant Tengiz field continued recoveringFires on January 18 shut Tengiz for much of JanuaryMOSCOW, March 2 (Reuters) - Production of oil and gas condensate in Kazakhstan jumped by around 43% in February from January, an industry source familiar with the data, said on Monday, a...Reuters
35 minutes ago
EUROPE GAS-European gas prices soar as Iran had conflict halts Qatar LNG output
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 Twidale LONDON, March 2 (Reuters) - Benchmark Dutch and British wholesale gas prices soared by almost 50% on Monday, after majo...Reuters
36 minutes 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
38 minutes ago
Oil prices to remain high for days with Strait of Hormuz in spotlight, analysts say
March 2 (Reuters) - Analysts expect oil prices to remain elevated over the coming days while markets focus on the impact of escalating Middle East conflict on supplies through the Strait of Hormuz, a conduit for more than 20% of global oil. Citi sees Brent crude trading between $80 and $90 a barReuters
39 minutes ago
Spain's Moeve teams up with Masdar on $1.2 billion green hydrogen project
MADRID, March 2 (Reuters) - Spanish energy company Moeve has approved a major green hydrogen project involving more than 1 billion euros ($1.2 billion) in investments, with Abu Dhabi renewable energy company Masdar as a minority partner. Moeve said on Monday it had taken the final investment decisio...Reuters
40 minutes ago
PRECIOUS-Gold prices jump more than 2% as 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
41 minutes ago
RPT-ROI-OPEC+ crude output boost ignored with duration of Hormuz disruption key: Russell
By Clyde Russell LAUNCESTON, Australia, March 2 (Reuters) - The OPEC+ decision to lift crude oil output by 206,000 barrels per day (bpd) from April is probably the least consequential decision the group has made in nearly a decade of existence. Adding about 0.2% of global oil demand to supply a m...Reuters
46 minutes ago
US-flagged Stena Imperative tanker damaged after being hit at anchor in the Gulf, owner and manager say
LONDON, March 2 (Reuters) - The US-flagged products tanker Stena Imperative was damaged after being hit by “aerial impacts” while berthed in the Middle East Gulf, the vessel's owner Stena Bulk and its U.S. manager Crowley said in a statement on Monday.One shipyard worker was killed as a conseque...Reuters
49 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
58 minutes ago
Brazil's sorghum exports limited for now, to pick up later in 2026, says China's Hang Tung
By Roberto Samora SAO PAULO, March 2 (Reuters) - Tight supplies are constraining Brazil's sorghum exports in the first half of this year, the head of Chinese sorghum trader Hang Tung's Brazilian unit told Reuters, adding that business should pick up in the second half of the year. Brazil ...Reuters
an hour ago
U.S. RESEARCH ROUNDUP-Aardvark Therapeutics, Chevron, Crowdstrike
March 2 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Aardvark Therapeutics, Chevron and Crowdstrike, on Monday. HIGHLIGHTSAardvark Therapeutics Inc AARD.O: RBC cuts to sector perform from outperformChevron Corp CV...Reuters
an hour ago
WRAPUP 1-Iran conflict disrupts global shipping as tankers are stranded, damaged
Shipping disruption in Gulf sparks oil and gas price jump Mideast-China oil shipping rate at over six-year highOil and gas market fears prolonged disruptionBy Emily Chow, Jeslyn Lerh and Jonathan Saul SINGAPORE/LONDON, March 2 (Reuters) - Insurance companies are cancelling war risk coverage for v...Reuters
an hour ago
Strait Of Hormuz Squeeze Could Push Brent Past $100/Bbl, JP Morgan Says
March 2 (Reuters) - JP MORGAN: SAYS EVEN A 3–4 WEEK SQUEEZE ON STRAIT OF HORMUZ TRAFFIC COULD FORCE GULF COOPERATION COUNCIL OUTPUT SHUT-INS AND PUSH BRENT ABOVE $100/BBLSAYS ACCORDING TO ITS COMMODITIES TEAM, CRUDE OIL EXPORTS THROUGH THE STRAIT OF HORMUZ HAVE DECLINED TO 4 MMBO/D VERSUS A TYPICAL ...Reuters
an hour ago
GRAINS-Wheat and corn rise as Middle East fighting sparks safe-haven buying
HAMBURG, March 2 (Reuters) - Chicago wheat and corn rose on Monday as the outbreak of military conflict in the Middle East sparked safe-haven demand, with a surge in crude oil rates also providing support to grain prices. Soybeans, meanwhile, fell on weak market fundamentals.Chicago Board of Trad...Reuters
2 hours 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 threatsBy Ahmed Hagagy, Jana Ch...Reuters
2 hours ago
