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Lengthy Iran war could cause inflation spike, ECB's Lane tells FT
March 3 (Reuters) - A prolonged war in the Middle East and a persistent fall in oil and gas supplies from the region could cause a substantial spike in inflation and a sharp drop in output in the euro zone, ECB Chief Economist Philip Lane told the Financial Times in an interview published on Tuesday...Reuters
18 minutes ago
ROI-China imports the most energy, but is best placed on Iran: Russell
By Clyde Russell LAUNCESTON, Australia, March 3 (Reuters) - China is the world's largest energy importer and would therefore appear vulnerable to the surge in crude oil and natural gas prices from the conflict between Israel and the United States against Iran.But the opposite is most likely t...Reuters
28 minutes ago
BlackRock-backed group seeks to close CK Hutchison ports deal without Panama assets, FT reports
March 3 (Reuters) - A BlackRock-backed consortium is pushing to complete its acquisition of CK Hutchison's 0001.HK global ports business without two terminals in Panama after authorities seized the assets, the Financial Times reported on Tuesday, citing people familiar with the talks.Reuters cou...Reuters
31 minutes ago
PRECIOUS-Gold extends gains as Middle East war prompts flight to safety
By Ishaan Arora March 3 (Reuters) - Gold prices rose for a fifth consecutive session on Tuesday as investors sought safe-haven assets amid an escalating U.S. and Israeli air war against Iran, raising fears the conflict could spiral into a protracted regional war and deepen uncertainty. Spot gold ...Reuters
32 minutes ago
Global aluminium producers pause Japan Q2 premium offers on Mideast uncertainty, sources say
By Yuka Obayashi TOKYO, March 3 (Reuters) - Global aluminium producers have pulled initial premium offers to Japanese buyers, or let them expire, as they gauge a threat from escalating Middle East conflict to cargoes through the Strait of Hormuz, four sources involved in quarterly pricing talks s...Reuters
38 minutes ago
TECHNICALS-CBOT soybeans may retest support at $11.58
For more technical analyses, please click SINGAPORE, March 3 (Reuters) - The CBOT soybean May contract SK26 may retest support at $11.58 per bushel; a break below that could open the way toward $11.46-3/4. Signals are rather mixed, as the market quickly shot over the upper trendline of an expand...Reuters
52 minutes ago
TABLE-North Sea gas maintenance schedule: Adds Ormen Lange outage
March 3 (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
NY court rejects Shell bid to overturn arbitration ruling that favored Venture Global
Judge rejects Shell's request to overturn arbitration awardVenture Global accused of selling LNG at higher prices post-Ukraine invasionShell, Repsol lost arbitration; BP won but damages pendingBy Curtis Williams, Jonathan Stempel and Marwa Rashad HOUSTON/NEW YORK/LONDON, March 2 (Reuters) - A...Reuters
an hour ago
PRESS DIGEST-Financial Times - March 3
March 3 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Toyota bows to Elliott in $38bn buyout battle- Stronger UK public finances can withstand Iran war shock, Reeves to say- Blackstone fla...Reuters
2 hours ago
GRAINS-Chicago soy surges, tracking soyoil gains; wheat dips
BEIJING, March 3 (Reuters) - Chicago soybeans rose on Tuesday, supported by higher soyoil prices, which tracked gains in the crude oil market amid the ongoing war in the Middle East, while concerns over Chinese demand and competition from Brazil kept a lid on prices.The most-active soybean contract ...Reuters
2 hours ago
Taiwan says no worries about short-term LNG supplies, has long-term backup plans
TAIPEI, March 3 (Reuters) - Taiwan's economy ministry said on Tuesday there were no worries about short-term LNG supplies and that it has longer-term back up plans, following disruption caused by the war against Iran. In the event of a prolonged blockade by Iran, Taiwan will look to non-Middle E...Reuters
2 hours ago
PRECIOUS-Gold extends gains as Middle East war boosts safe-haven demand
March 3 (Reuters) - Gold prices rose for a fifth consecutive session on Tuesday, as investors sought safe-haven assets amid an escalating U.S. and Israeli air war against Iran, raising fears the conflict could spiral into a protracted regional war and deepen uncertainty. Spot gold XAU= was up 1% at ...Reuters
2 hours ago
US will take action to mitigate oil price spike for Americans, Rubio says
WASHINGTON, March 2 (Reuters) - The U.S. will take action to mitigate rising energy prices due to a spike in the price of oil caused by the Iran conflict, Secretary of State Rubio said on Monday. Speaking to reporters at Capitol Hill, Rubio said Treasury Secretary Scott Bessent and Energy Secretary ...Reuters
3 hours ago
BP Says BP Whiting Refinery Presents Union With Last, Best And Final Offer
March 3 (Reuters) - BP PLC BP.L:SAYS BP WHITING REFINERY HAS NOW PROVIDED THE UNION WITH THEIR MOST COMPREHENSIVE AND MOST COMPETITIVE OFFERSAYS OFFER ADDRESSES KEY TOPICS DISCUSSED DURING NEGOTIATIONS SAYS THE NEXT STEP IS FOR THE UNION TO REVIEW THE OFFER AND DECIDE HOW TO PROCEED, INCLUDING WHETH...Reuters
3 hours ago
GRAINS-Chicago soy surges, tracking soyoil gains; wheat, corn also up
BEIJING, March 3 (Reuters) - Chicago soybeans rose on Tuesday, supported by higher soyoil prices, which tracked gains in the crude oil market amid the ongoing war in the Middle East, while concerns over Chinese demand and competition from Brazil kept a lid on prices.Meanwhile, corn rose on brisk exp...Reuters
3 hours ago
Oil rises as expanding US-Israeli conflict with Iran elevates supply risks
March 3 (Reuters) - Oil prices rose for a third day on Tuesday as the widening U.S.-Israeli conflict with Iran and threats to shipping through the Strait of Hormuz heightened fears of supply disruptions from the key Middle East producing region.Brent crude futures LCOc1 were at $78.83 a barrel, up $...Reuters
3 hours ago
TECHNICALS-US oil still targets June 23 high of $78.40
For more technical analyses, click SINGAPORE, March 3 (Reuters) - U.S. oil CLc1 still targets its June 23, 2025 high of $78.40 per barrel due to a major breakout on Monday. The contract has broken a long-term trendline falling from the March 2022 high of $124.23. The break signals a reversal of the ...Reuters
4 hours ago
PRECIOUS-Gold extends gains as Middle East war boosts safe-haven demand
March 3 (Reuters) - Gold prices rose for a fifth consecutive session on Tuesday, as investors sought safe-havens amid an escalating U.S. and Israeli air war against Iran, raising fears the conflict could spiral into a protracted regional war and deepen uncertainty. FUNDAMENTALSSpot gold ...Reuters
4 hours ago
Thoma Bravo nears deal for WWEX to create $12 billion shipping tech firm, Bloomberg News reports
March 2 (Reuters) - U.S. private equity firm Thoma Bravo is in advanced talks to buy third-party logistics provider WWEX Group to create a shipping technology business worth as much as $12 billion, Bloomberg News reported on Monday, citing people familiar with the matter.The buyout would value WWEX ...Reuters
4 hours ago
