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Fuel tanker ablaze in Strait of Hormuz after drone strike, Iran Revolutionary Guards say
CAIRO, March 2 (Reuters) - Iran's Revolutionary Guards said a fuel tanker, identified as the Honduran-flagged Athe Nova, was burning in the Strait of Hormuz after being hit by two drones, Iranian news agencies reported on Monday.The strait is the world's most vital oil export route, connecti...Reuters
5 minutes ago
American Tungsten Announces Upsize Of Bought Deal Financing To $35 Mln
March 3 (Reuters) - American Tungsten Corp TUNG.CD:AMERICAN TUNGSTEN ANNOUNCES UPSIZE OF BOUGHT DEAL FINANCING TO $35 MILLIONAMERICAN TUNGSTEN CORP - UPSIZES BOUGHT DEAL FINANCING TO $35 MILLIONAMERICAN TUNGSTEN CORP - OFFERING OF 12,423,000 UNITS AT C$2.80 PER UNITReuters
6 minutes ago
PRECIOUS-Gold gains on fears of prolonged Middle East conflict
Iran conflict widens to LebanonDubai gold flows curbed as flights halted due to strikes Spot gold up about 23% this year Silver slips over 5% By Ashitha Shivaprasad March 2 (Reuters) - Safe‑haven gold rose on Monday in response to concerns of a prolonged conflict in the Middle East following ...Reuters
14 minutes ago
US gasoline crosses $3 per gallon mark in test of Trump's Iran war
By Shariq Khan NEW YORK, March 2 (Reuters) - Average U.S. retail gasoline prices crossed $3 a gallon for the first time since November on Monday as the conflict in the Middle East worsened, setting up a key test of public approval of President Donald Trump's decision to attack Iran, analysts ...Reuters
16 minutes ago
Rare earths company REalloys receives Pentagon funding
March 2 (Reuters) - Rare earths company REalloys ALOY.O has been awarded a U.S. Department of Defense contract worth up to $1.7 million to fund design of a processing facility for metals used to make magnets for weapons and electronics, it said on Monday. The Ohio-based company received the contract...Reuters
17 minutes ago
Asia, Europe most exposed to LNG impact from Iran conflict, Vortexa says
NEW YORK, March 2 (Reuters) - Liquefied natural gas exports to Asia and Europe stand to be most impacted if the Strait of Hormuz is closed due to the ongoing war in the Middle East, according to analysts from Vortexa, an energy market analytics firm.A fifth of the world's LNG transits through th...Reuters
22 minutes ago
Valero Reports Maintenance Activities At Houston Refinery
March 3 (Reuters) - Valero Energy Corp VLO.N:REPORTS MAINTENANCE ACTIVITIES AT THE HOUSTON REFINERY MAY REQUIRE USE OF SAFETY FLARE SYSTEM TO SAFELY BURN OFF EXCESS MATERIAL AND MINIMIZE POTENTIAL EMISSIONSSOURCE: COMMUNITY ALERTREFINERY CAPACITY: 205,000 BARRELS PER DAYReuters
30 minutes ago
US Plains HRW Wheat-Bids flat/mixed after recent farmer sales
CHICAGO, March 2 (Reuters) - Basis bids for hard red winter wheat were steady to mixed in the southern U.S. Plains on Monday, dealers said.Dealers reported a small uptick in farmer selling last week.Farmers were preparing for the hard red winter wheat crop to grow after it went dormant for the winte...Reuters
38 minutes ago
Drone attack targets UAE's Musaffah fuel tank terminal, no impact on operations
CAIRO, March 2 (Reuters) - A fire broke out after Musaffah fuel tank terminal in the United Arab Emirates was targeted by a drone, without impacting its operations, Abu Dhbai media office said on Monday. "Abu Dhabi authorities have responded today to a fire resulting from the targeting of a Mus...Reuters
43 minutes ago
Black Sea's Novorossiysk port suspended loadings after a major Ukrainian drone attack
Ukraine says drones hit Sheskharis oil terminal and Russian warshipsState of emergency declared in NovorossiyskMayor reports damage to residential blocks and kindergartensMOSCOW, March 2 (Reuters) - Russia's Sheskharis oil terminal suspended oil loadings on Monday following a Ukrainian drone att...Reuters
56 minutes 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. HIGHLIGHTS Aardvark Therapeutics Inc AARD.O: RBC cuts to sector perform from outperform Chevron C...Reuters
an hour ago
US Cash Grains-Corn and soy bids mixed as futures retreat from gains
CHICAGO, March 2 (Reuters) - Basis bids for corn and soybeans were mixed in the U.S. Midwest on Monday after recent price gains encouraged some farmers to sell crops, traders saidThe corn basis fell by 5 cents a bushel for delivery in the first half of March in Decatur, Illinois.Dealers rolled their...Reuters
an hour ago
FACTBOX-How have US presidents tapped the Strategic Petroleum Reserve during war?
WASHINGTON, March 2 (Reuters) - While the U.S. has no plans yet to sell oil from the Strategic Petroleum Reserve, the world's largest emergency oil stockpile, presidents have long tapped it during times of crisis in attempts to control fuel prices for U.S. consumers. The administration of Presid...Reuters
an hour ago
Some fertilizer prices rise as Iran conflict escalates
March 2 (Reuters) - Some fertilizer prices surged following the impact of the escalating Middle East conflict on supplies moving through the Strait of Hormuz, analysts told Reuters on Monday. The price of urea, a dry nitrogen crop fertilizer generally made from natural gas, jumped as much as 13% to ...Reuters
2 hours ago
GRAINS-Soybeans, wheat fall as traders shake off Iran conflict
By Heather Schlitz CHICAGO, March 2 (Reuters) - Chicago Board of Trade soybean and wheat futures turned lower on Monday, as traders turned focus away from the outbreak of military conflict in the Middle East that had sparked a wave of short covering and provided spillover strength to soybeans, an...Reuters
2 hours ago
WRAPUP 3-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
2 hours ago
ROI-Oil markets' bet on a brief Iran shock is about to be tested: Bousso
By Ron Bousso LONDON, March 2 (Reuters) - The relatively modest jump in oil prices in the wake of the U.S.-Israel war with Iran suggests investors are betting that the disruption to oil supplies from the Middle East will be short-lived. But that optimism may be misplaced.While the region's oi...Reuters
2 hours ago
EUROPE GAS-European gas prices close higher on disruption to LNG shipments
Analysts warn prolonged disruption could push prices higherSource says QatarEnergy is set to declare force majeure EU's gas coordination group to meet on WednesdayBy Susanna Twidale LONDON, March 2 (Reuters) - Benchmark European wholesale gas prices closed around 35-40% higher on Monday, afte...Reuters
2 hours ago
US not currently discussing sale of oil from SPR, source says
WASHINGTON, March 2 (Reuters) - Selling oil from the U.S. Strategic Petroleum Reserve after the U.S. and Israeli attacks on Iran is 'not currently being discussed', a U.S. source said on Monday."Oil markets remain well supplied", the source said.The SPR, held on the coasts of Louisia...Reuters
2 hours ago
