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U.S., Australia can do little to replace lost Qatari LNG cargoes
US LNG plants are running near full capacity, limiting the potential for output increase amid Qatar disruptionsVenture Global has the most flexibility, with higher percentage of spot market salesAustralian producers also lack capacity for short-term production increases, sources and analysts sayBy C...Reuters
27 minutes ago
Tech giants sign energy pledge at White House ahead of midterms
Google, Microsoft, Meta, Oracle, xAI, OpenAI, and Amazon 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) - Google GOOGL.O, Microsoft MSFT.O, Meta META.O...Reuters
32 minutes ago
Everspin Q4 revenue rises 12% yr/yr
OverviewMRAM solutions provider's preliminary Q4 revenue rose 12% yr/yr, driven by key application areasCompany's Q4 gross margin decreased to 50.8% from 51.3% last yearQ4 non-GAAP net income declined to $2.6 mln from $2.8 mln last yearOutlookEverspin expects Q1 2026 revenue between $14.0 ml...Reuters
33 minutes ago
Deals of the day-Mergers and acquisitions
March 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Wednesday: France's Banijay Group BNJ.AS, long hungry for even greater scale in a consolidating TV market, has finally landed its prize: Britain's All3Media, the maker of global hit &...Reuters
49 minutes ago
Citi lifts aluminium 0–3 month target to $3,600 per metric ton
March 4 (Reuters) - Citi has raised its LME aluminium 0–3 month price target to $3,600 a metric ton, up from $3,400/t, and said prices could climb to $4,000/t in a bull-case scenario, citing supply disruptions and force majeure declarations after war broke out in Iran. "Force majeure has now mat...Reuters
55 minutes ago
US approves construction of Bill Gates-backed nuclear reactor in Wyoming
First US approval for reactor to run on more enriched fuelTerraPower expects construction in weeks, operations in 2030Company to apply for operating license late 2027/early 2028By Timothy Gardner WASHINGTON, March 4 (Reuters) - The U.S. nuclear regulator said on Wednesday it approved construction...Reuters
56 minutes ago
Blackout hits most of Cuba amid US oil chokehold
By Annett Rios and Alien Fernandez HAVANA, March 4 (Reuters) - A power outage struck most of Cuba including Havana, the state electric utility said on Wednesday, as the communist-run government grapples with increased pressure from the Trump administration that has curtailed oil shipments.State m...Reuters
58 minutes ago
US diesel hits $4 per gallon as fuel costs rise amid escalating Middle East conflict
By Nicole Jao and Shariq Khan NEW YORK, March 4 (Reuters) - Average U.S. retail diesel prices surpassed $4 a gallon for the first time in nearly two years on Wednesday and are set to rise further later in the week as the U.S.-Israel conflict with Iran dragged on, threatening to hit consumers with...Reuters
an hour ago
Americas heavy crude prices hit multi-year highs as Iran conflict disrupts oil markets
Iran crisis disrupts Middle East oil exports, refiners seek alternativesFlagship Gulf sour crude prices at highest in nearly six yearsHigh freight costs may limit US oil exports despite demandBy Arathy Somasekhar, Georgina McCartney and Amanda Stephenson HOUSTON, March 4 (Reuters) - Prices for he...Reuters
an hour ago
Oil settles at highest in over a year for second straight day as Iran crisis escalates, snarls Hormuz flows
Brent settles at its highest since January 2025US working on plans to secure the Strait of Hormuz US crude stocks rise by 3.5 million barrels, EIA saysBy Arathy Somasekhar HOUSTON, March 4 (Reuters) - Oil prices settled unchanged on Wednesday at the end of a volatile trading session, as escal...Reuters
an hour ago
Russia may halt gas supplies to Europe amid Iran energy spike, Putin says
Putin warns of potential halt to European gas supplies amid Iran crisisPutin says the decision has not been taken, is just a thought Putin says EU wants to ban Russian gas and LNGRussia shifts focus to China as Europe reduces dependency on Russian energyBy Guy Faulconbridge, Marina Bobrova and Vladi...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
US Interior Secretary meets with Rodriguez, mining companies in Venezuela visit
Burgum discusses supply chains for critical minerals in VenezuelaVenezuela plans mining law reform to attract foreign investmentWhite House pressures Caracas to accede to its wishes March 4 (Reuters) - U.S. Interior Secretary Doug Burgum met with Venezuelan acting President Delcy Rodriguez on Wed...Reuters
2 hours 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 Jonathan Saul, Anna Hirtenstein and Yousef Saba March 4 (Reuters) - The U.S.–Iran war ...Reuters
3 hours ago
Reuters Gulf Currents-Iran war tests Gulf fundamentals
Andrew Mills, deputy bureau chief, Gulf It’s hard to grasp how abruptly life in the Gulf has been upended in just five days of war. Members of the Reuters Gulf team, like so many of our neighbours in the region, have huddled in stairwells and windowless bathrooms, listening to volleys of...Reuters
3 hours ago
London marine insurers still offering Middle East cover as war risk rates rise, Gallagher says
Gallagher says marine insurance available amid Gulf conflictWar risk premiums rise as maritime insurance comes into focusU.S.-Israeli conflict with Iran enters fifth dayBy Noor Zainab Hussain and Manya Saini March 4 (Reuters) - Marine insurers in the London market continue to offer cover in the M...Reuters
3 hours ago
Pentagon sought fresh supply of 13 critical minerals day before Iran attack
By Ernest Scheyder March 4 (Reuters) - The U.S. military asked mining companies on Friday 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, the day before the U.S. and Israel launched...Reuters
3 hours ago
US working on plan to secure Strait of Hormuz, White House says
WASHINGTON, March 4 (Reuters) - The Pentagon and the U.S. Energy Department are working on plans to secure the Strait of Hormuz to ensure safety for oil tankers amid the war on Iran, White House spokeswoman Karoline Leavitt said on Wednesday, declining to offer details on timing.Reuters
3 hours ago
Iraq suffers power grid blackout due to technical fault
CAIRO, March 4 (Reuters) - Iraq's electricity ministry said on Wednesday that all provinces were experiencing a power blackout, which the government attributed to a technical fault.Many Iraqis for years have relied on privately operated generators for power as government-provided electricity was...Reuters
3 hours ago
