News
Important Only
Russian LNG tanker sinks in Mediterranean, Moscow blames Ukrainian drones
Tanker suffered explosions, fire -Libyan agencyAll 30 crew members reported safeRussia calls incident 'act of terrorism'First Ukrainian attack on Russian LNG tanker if confirmed MOSCOW, March 4 (Reuters) - A Russian tanker carrying liquefied natural gas (LNG) sank in the Mediterranean on ...Reuters
31 minutes ago
US approves construction for Gates-backed TerraPower reactor in Wyoming
WASHINGTON, March 4 (Reuters) - The U.S. nuclear regulator on Wednesday approved construction for the Bill Gates-backed TerraPower small nuclear reactor in Wyoming. The approval, the first for a commercial reactor by the Nuclear Regulatory Commission in nearly a decade, was for TerraPower's plan...Reuters
33 minutes ago
Silver Price Forecast: XAG/USD rebounds as Middle East war fuels safe-haven demand
Silver (XAG/USD) advances on Wednesday, trading around $83.80 at the time of writing, up 1.60% on the day. The precious metal is rebounding after a steep correction seen over the previous two days, during which prices fell sharply amid broad liquidation across precious metals.
Fxstreet
35 minutes ago
Pentagon sought fresh supply of 13 critical minerals day before Iran attack
By Ernest ScheyderMarch 4 (Reuters) - The U.S. military on Friday asked mining companies to help boost domestic supplies of 13 critical minerals used to make semiconductors, weapons and other products, a document reviewed by Reuters showed. The request came one day before the U.S. and Israel launche...Reuters
38 minutes ago
Oil steady as widening US, Israeli strikes on Iran snarl Hormuz flows
Prices pare gains after NYT report on Iran–CIA contactPentagon chief says US winning the war US crude stocks rise by 3.5 million barrels, EIA saysBy Arathy Somasekhar HOUSTON, March 4 (Reuters) - Oil prices were steady despite volatile trading on Wednesday as further U.S., Israeli strikes against...Reuters
40 minutes ago
PRECIOUS-Gold rises as Middle East conflict escalates, dollar rally pauses
US sub sinks Iranian warship off Sri LankaUS private payrolls increase in February, ADP saysVolatility in precious metals market likely to continue, analyst says By Ashitha Shivaprasad March 4 (Reuters) - Gold prices rose on Wednesday as the escalating conflict in the Middle East attracted safe‑h...Reuters
46 minutes ago
U.S. sub sinks Iranian warship off Sri Lanka, killing 87 and expanding war zone
Ship identified as Iranian frigate IRIS DenaHegseth say U.S. unleashed 'Quiet death' on ship with torpedosSri Lankan rescuers found oil slick, bodies floating at siteSri Lanka rescues 32, recovers dead bodiesVessel had taken part in naval exercise in Bay of BengalBy Uditha Jayasinghe, Idrees...Reuters
50 minutes ago
Residual fuel oil demand fell to record low last week, EIA
HOUSTON, March 4 (Reuters) - Product supplied, a proxy for demand, of residual fuel oil fell to a record low last week, the Energy Information Administration said on Wednesday. Residual fuel oil demand fell by 552,000 barrels per day to just 10,000 bpd in the week to February 27.Reuters
an hour ago
Aluminium supply headaches intensify as Bahrain shipments stop, Qatar smelter to shut
Alba declares force majeure, seeks alternative shipping solutionsQatalum shutdown adds to supply concerns, Norsk Hydro issues force majeureEuropean and U.S. aluminium premiums reach multi-year highsBy Eric Onstad and Tom Daly LONDON, March 4 (Reuters) - Aluminium Bahrain ALBH.BH, which runs o...Reuters
an hour ago
Gulf shipping crisis deepens as tankers stranded for fifth day, US sinks Iranian warship
US strike hit an Iranian warship off Sri Lanka,Trump pledges to provide insurance and navy escorts Traffic still stuck, production cuts widenTrump's measure will not help amid ongoing attacks, experts sayBy Yousef Saba, Jonathan Saul and Anna Hirtenstein March 4 (Reuters) - The U.S.–Iran war ...Reuters
2 hours ago
Maersk halts cargo bookings for Gulf states
COPENHAGEN, March 4 (Reuters) - Maersk said on Wednesday it is temporarily suspending most cargo bookings in and out of the United Arab Emirates, Oman, Iraq, Kuwait, Qatar, Bahrain and Saudi Arabia until further notice.The Jeddah and King Abdullah ports in Saudi Arabia and the Salalah port in Oman r...Reuters
2 hours ago
French finance ministry to meet petrol station operators to control consumer costs
PARIS, March 4 (Reuters) - France's Finance Ministry said it would meet petrol distributors at 1000 GMT on Thursday to discuss the rise in global oil prices and to ensure that the cost for customers does not exceed recent increases due to the Iran conflict.Reuters
2 hours ago
Indian gas firms restrict local supplies due to Middle East crisis
Middle East conflict disrupts India's LNG supply from QatarForce majeure declared by Indian gas firms, affecting fertiliser productionNo gas supply cuts announced for households or automobile sectorBy Nidhi Verma NEW DELHI, March 4 (Reuters) - Several Indian companies have restricted the dome...Reuters
2 hours ago
LME fines PAC Global Services Spain 250,000 pounds for warehouse violations
LONDON, March 4 (Reuters) - The London Metal Exchange fined warehouse operator PAC Global Services Spain (PGS) 250,000 pounds ($334,175) in a disciplinary action due to breaches of its rules, the LME said on Wednesday.The exchange, the world's oldest and largest market for industrial metals, lis...Reuters
2 hours ago
Iran intelligence operatives signalled openness to talks with CIA to end war, NYT reports
March 4 (Reuters) - Operatives from Iran's Ministry of Intelligence signalled openness to the U.S. Central Intelligence Agency (CIA) to talks on ending the war, the New York Times reported on Wednesday, citing officials briefed on the matter.The offer was made through an unnamed country's sp...Reuters
2 hours ago
EXCLUSIVE-Qatar shuts gas liquefaction, will take weeks to restart, sources say
Shipping halt in Strait of Hormuz disrupts Qatar's LNG exportsQatar's LNG shutdown affects global gas markets, causing shortagesRestarting LNG production is gradual to avoid equipment damageBy Marwa Rashad March 4 (Reuters) - Qatar declared force majeure on gas exports on Wednesday amid t...Reuters
2 hours ago
US natural gas futures fall over 4% as market stabilizes following prior gains
March 4 (Reuters) - U.S. natural gas futures fell more than 4% on Wednesday as the market stabilized after hitting an over one-week-high in the previous session, while investors assessed Middle East supply risks amid the U.S.-Israeli war on Iran.Front-month gas futures NGc1 for April delivery on the...Reuters
2 hours ago
