News
Important Only
Gujarat Gas Says Availability Of R-LNG Severely Constrained
March 4 (Reuters) - Gujarat Gas Ltd GGAS.NS:GUJARAT GAS - AVAILABILITY OF R-LNG SEVERELY CONSTRAINEDGUJARAT GAS - ISSUES FORCE MAJEURE NOTICES RESTRICTING DAILY CONTRACTED QUANTITY EFFECTIVE MARCH 6, 2026GUJARAT GAS - AVAILABILITY OF R-LNG HAS BECOME SEVERELY CONSTRAINEDReuters
10 minutes ago
Gas giant QatarEnergy throttles LNG supply by declaring force majeure
March 4 (Reuters) - QatarEnergy has declared force majeure on shipments of liquefied natural gas, it said in a statement on Wednesday, after attacks on its production facilities amid the U.S.-Israeli war on Iran.The state-owned company said on Monday it was halting production of LNG and associated p...Reuters
11 minutes ago
Spain defies Trump's threats over stance on Iran war, says it 'won't be vassals'
Spain refuses U.S. aircraft access to bases amid tensionsTrump threatened to cut trade with SpainSpain's stance contrasts with other European nations' muted responseBy David Latona and Victoria Waldersee MADRID, March 4 (Reuters) - Spain "will not be vassals" to another country, D...Reuters
18 minutes ago
Canada's Capital Power reports Q4 loss versus year-ago profit
OverviewCanada power producer's Q4 net loss was C$13 mln, with adjusted EBITDA at C$414 mlnCompany completed acquisition of U.S. facilities, adding 2.2 GW of capacityIncreased common share dividend by 6%, marking 12th consecutive yr of growthOutlookCapital Power expects Arlington Valley facility...Reuters
21 minutes ago
Oil seen elevated as Hormuz risks intensify amid Iran conflict, analysts say
March 4 (Reuters) - Oil prices are expected to remain elevated in the near term as traders weigh the risk of supply disruptions through the Strait of Hormuz, a chokepoint for more than 20% of global oil supply, amid the widening Middle East conflict.Israeli and U.S. strikes on Iranian targets have l...Reuters
28 minutes ago
Canada's SSR Mining to sell stake in Turkey's Copler mine for $1.5 billion
March 4 (Reuters) - Canada's SSR Mining SSRM.TO said on Wednesday it had entered a binding memorandum of understanding to sell its 80% stake in Turkey's Copler mine to Cengiz Holding A.S. for $1.5 billion.U.S.-listed shares of SSR Mining rose 7.3% premarket following the news. The gold mine...Reuters
30 minutes ago
Asian petchem makers face naphtha disruption as Iran conflict widens
Force majeure, cancelled tenders, and run cuts looms across AsiaSupply squeeze drives Asian naphtha margin to 4-year highBy Mohi Narayan and Heejin Kim NEW DELHI/SEOUL, March 4 (Reuters) - Petrochemical makers in top producer Asia are preparing to halt operations and trim run rates as Middle East...Reuters
32 minutes ago
UBS raises average Brent price forecasts for first quarter, full year 2026
March 4 (Reuters) - UBS on Wednesday raised its average Brent crude oil price forecasts for the first quarter and full year 2026, citing escalating conflict in the Middle East and the current near de facto closure of the Strait of Hormuz.The bank now sees the Brent price averaging $71 per barrel in ...Reuters
35 minutes ago
QatarEnergy declares force majeure on LNG shipments
March 4 (Reuters) - QatarEnergy has declared force majeure on shipments of liquefied natural gas, it said in a statement on Wednesday. The company on March 2 said it was halting production of LNG and associated products due to attacks on facilities in the Ras Laffan industrial city.Reuters
38 minutes ago
Gold edges higher as USD rally pauses, US-Iran conflict supports demand
Gold (XAU/USD) edges higher on Wednesday, recovering part of the previous day’s sharp decline as the US Dollar (USD) takes a breather after two days of solid gains. Meanwhile, ongoing geopolitical tensions surrounding the US-Iran war keep safe-haven demand in play, helping cushion the downside.
Fxstreet
39 minutes ago
Container ship reports strike by projectile in Strait of Hormuz, UKMTO reports
DUBAI, March 4 (Reuters) - A container ship reported being hit by a projectile in the Strait of Hormuz north of Oman on Wednesday, UK Maritime Trade Operations said on Wednesday.The ship said the strike had caused a fire in its engine room, but no environmental impact had been reported, UKMTO added.Reuters
40 minutes ago
Altisource Q4 service revenue up 4%; forecasts positive operating cash flow in 2026
OverviewLuxembourg real estate service provider's Q4 service revenue rose 4% yr/yrAdjusted EBITDA for Q4 fell 15% yr/yrCompany forecasts 2026 service revenue growth of 8.5% at midpointOutlookAltisource forecasts 2026 Service revenue between $165 mln and $185 mlnCompany expects 2026 Adjusted EBIT...Reuters
43 minutes ago
ROI-Trump's Hormuz shipping plan is too little, too late in race to avert energy shock: Bousso
By Ron Bousso LONDON, March 4 (Reuters) - U.S. President Donald Trump’s current plan to revive shipping through the Strait of Hormuz via financial guarantees and security assistance will require a Herculean international effort.Even if successful, it will likely offer only limited relief as time ...Reuters
44 minutes ago
PRESS DIGEST-Canada - March 4
March 4 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILLegal artificial-intelligence software startup Spellbook secured $40-million in debt financing from Royal Bank of Ca...Reuters
44 minutes ago
Oil prices up 1% as Iran crisis disrupts Middle East supply
Prices pared gains after NYT report on Iran–CIA contactGeopolitical factors remain near-term key driver, analyst says US crude stocks up 5.6 million barrels last week, sources sayBy Ahmad Ghaddar LONDON, March 4 (Reuters) - Oil prices rose about 1% on Wednesday as U.S.-Israeli strikes on Iran dis...Reuters
48 minutes ago
India's Petronet issues force majeure to local buyers, Qatar due to middle east crisis
NEW DELHI, March 4 (Reuters) - India's top gas importer Petronet LNG Ltd PLNG.NS has issued a force majeure notice to its supplier QatarEnergy and local buyers as its vessels are unable to reach Ras Laffan load port due to the crisis in the Middle East, it said in an exchange filing on Wednesday...Reuters
49 minutes ago
EXPLAINER-What is in the EU's buy-European law?
By Kate Abnett and Philip Blenkinsop BRUSSELS, March 4 (Reuters) - The European Commission proposed rules on Wednesday requiring that when public money is spent on manufacturing or buying electric cars, wind turbines and other key technologies, a minimum share must be made in Europe.Here is what ...Reuters
51 minutes ago
EU proposes "Made in EU" rules for strategic sectors to limit China reliance
EU proposes low-carbon, 'Made in EU' requirements for strategic sectorsCritics warn the plans may lead to partners erecting trade barriersLaw requires approval from European Parliament and EU governmentsBy Philip Blenkinsop and Kate AbnettBRUSSELS, March 4 (Reuters) - The European Commission...Reuters
54 minutes ago
Trump to meet tech giants on energy pledge ahead of midterms
Google, Microsoft, Meta, Oracle, xAI, OpenAI, and Amazon will sign the pledge.Effort aims to ease voter concerns over higher electricity billsCompanies expected to commit to efficiency and dedicated powerBy Jarrett Renshaw and Laila KearneyMarch 4 (Reuters) - U.S. President Donald Trump is set to me...Reuters
54 minutes ago
UBS raises average Brent price forecasts for first quarter, full year 2026
March 4 (Reuters) - UBS on Wednesday raised its average Brent crude oil price forecasts for the first quarter and full year 2026, citing escalating conflict in the Middle East and the current near de facto closure of the Strait of Hormuz.The bank now sees the Brent price at an average $71 per barrel...Reuters
an hour ago
