News
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Gold Firms on Dip-buying; Dimming Fed Rate-cut Hopes Cap Rise
March 30 (Reuters) - Gold rose on Monday on dip-buying, but gains were capped by a surge in energy prices that fuelled inflation worries and further dimmed expectations for U.S. Federal Reserve interest rate cuts this year.
Reuters
2 hours ago
ANALYSIS-From Belt and Road to belt tightening: China's neighbours get cold shoulder on energy
China appears reluctant to give Southeast Asia energy assurancesAnalysts say Beijing is preoccupied with shoring up own suppliesBeijing pledged closer energy ties this month, even as it froze fuel and fertiliser shipmentsBy Joe Cash BEIJING, March 30 (Reuters) - As energy stress spreads across So...Reuters
7 minutes ago
METALS-Aluminium hits four-year peak after Iran attacks Middle East smelters
By Pratima Desai March 30 (Reuters) - Aluminium prices surged to four-year highs on Monday as Iranian airstrikes on two major Middle East producers over the weekend raised the risk of a prolonged supply shock.Benchmark aluminium CMAL3 on the London Metal Exchange was up 4.7% to $3,453 a metric to...Reuters
12 minutes ago
ANALYSIS-US airlines face fuel-driven financial shakeout
High fuel costs seen threatening low-cost carriers' profitabilityDelta and United better positioned due to strong liquidityUnited Airlines sees opportunity amid fuel price surgeAnalysts say potential shakeout could benefit larger airlines post-2027By Rajesh Kumar Singh CHICAGO, March 30 (Reut...Reuters
20 minutes ago
In record heat, US ski resorts bulldoze snow, skiers wear bikinis
Record-low snowfall slams ski resort operations, profitabilityUS West temperatures break heat records, snowpacks set for record lowsSkiers shovel snow, dodge rocks and puddlesBy Andrew Hay and Maria TsvetkovaTAOS SKI VALLEY, New Mexico, March 30 (Reuters) - The lowest snow levels in decades in the U...Reuters
20 minutes ago
RPT-ANALYSIS-Services firms feel the squeeze as oil rally from Iran war fails to spur drilling
Oilfield services firms face slowdown despite rising oil pricesMiddle East exposure leaves major service firms vulnerableRepair work could revitalize oilfield services demandBy Anushree Mukherjee, Vallari Srivastava and Pranav Mathur March 27 (Reuters) - Global oilfield services companies are br...Reuters
20 minutes ago
PRECIOUS-Gold rises as investors buy the dip, while fading rate-cut bets cap upside
Gold set for worst month in nearly two decadesBrent crude set for record monthly gainYemen's Houthis launch attacks on IsraelBy Ishaan Arora March 30 (Reuters) - Gold rose more than 1% on Monday on bargain-hunting, but was set for its largest monthly decline in nearly two decades as rising oi...Reuters
23 minutes ago
Kremlin says it raised Russian oil supplies to Cuba at talks with U.S.
MOSCOW, March 30 - The Kremlin welcomed the arrival of a Russian oil tanker to Cuba on Monday, saying supplies to the Caribbean island were raised at talks with the United States. Kremlin spokesman Dmitry Peskov said that Russia will continue to work on oil supplies to Cuba.Reuters
54 minutes ago
Brent heads for record monthly leap as Houthi attacks widen Gulf conflict
Iran conflict escalates as Houthis attack on IsraelAnalysts flag concern over Saudi oil exports from Red SeaIran accuses US of ground assault plansPakistan prepares to host peace talksBy Stephanie Kelly LONDON, March 30 (Reuters) - Oil prices extended gains on Monday, with Brent heading for a rec...Reuters
an hour ago
Morocco's Tanger Med port prepares for increased traffic amid Gulf war
By Ahmed Eljechtimi RABAT, March 30 (Reuters) - Morocco's Tanger Med, Africa's largest container port, is planning for increased calls by ships as escalating tensions in the Middle East force shipping lines to reroute services around Africa, the port authority's managing director said...Reuters
an hour ago
Oil: Geopolitics drives price risks – Rabobank
Rabobank’s Senior Macro Strategist Stefan Koopman notes that Brent has risen to 115 dollars as the Iran war enters its fifth week, with markets focused on when oil flows through the Strait of Hormuz will resume and at what price Oil shifts from an inflation to a recession story.Fxstreet
an hour ago
FOCUS-US menus change as Trump's tariffs hit wine prices
Tariff-driven price increases on alcohol, especially wine, gathering pace, companies sayRestaurants, bars and retailers look to re-work their menus or stockSome domestic wine brands benefit as alcohol sellers look for alternativesLarge alcohol wholesalers say more change coming in 2026By Emma Rumney...Reuters
an hour ago
EUROPE GAS-European gas prices edge higher as supply risks offset weaker demand
LONDON, March 30 (Reuters) - Benchmark Dutch and British wholesale gas prices edged higher on Monday after Yemeni Houthis launched their first attacks on Israel over the weekend, widening the U.S.-Israeli war with Iran and raising fears over supply disruptions.The benchmark Dutch front-month contrac...Reuters
2 hours ago
WTI Oil holds above $98.50 as concerns of a US invasion on Iran loom
The price of the US benchmark West Texas Intermediate Oil (WTI) has pulled back from three-week highs at $101.40 per barrel on Monday’s Asian session opening times, but downside attempts remain contained above $98.50, as US President Donald Trump maintains a mixed position on Iran.
Fxstreet
2 hours ago
Russian oil tanker has arrived in Cuba, Interfax reports
MOSCOW, March 30 (Reuters) - The Russian tanker Anatoly Kolodkin, carrying a humanitarian shipment of 100,000 metric tons of crude oil, has arrived in Cuba, Interfax news agency reported on Monday, citing the Russian Ministry of Transport. It said the ship was currently expected to offload the ca...Reuters
2 hours ago
Rockets hit Iraqi air base near Baghdad airport, aircraft destroyed, no casualties
March 30 (Reuters) - Iraq's Defence Ministry said on Monday that the Mohamad Alaa air base, located beside Baghdad International Airport, was hit by rockets in the early hours of Monday, destroying an aircraft but causing no casualties. The ministry added that authorities are assessing the damag...Reuters
2 hours ago
TABLE-North Sea gas maintenance schedule: Revises Oseberg outage
March 30 (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.OPERATORLOCATIONOUT...Reuters
2 hours ago
Malaysia's Capital A names new deputy CEO, explores dual listing in Hong Kong
Former banker Effendy Shahul Hamid appointed deputy CEOCapital A sees limited impact from Iran war on its businessesCompany plans to list branding unit in US by year-end, CEO Tony Fernandes saysBy Danial Azhar KUALA LUMPUR, March 30 (Reuters) - Malaysia's Capital A Berhad CAPI.KL named a seni...Reuters
3 hours ago
