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Exxon to send its first fuel shipment from US Gulf Coast to Australia, sources say
Shipments will be first exports of fuel from U.S. Gulf Coast to Australia since late 2023Asian refiners struggling with crude shortages due to Middle East crisisTraders sceptical about whether U.S. Gulf to Australia route will remain openFreight costs estimated at $20 a barrel for the shipmentsBy Tr...Reuters
10 minutes ago
Iran war threatens Asia fertiliser supplies ahead of planting season
Gulf war disrupts fertiliser supplies, shipping routesAsian buyers face supply pressure before planting seasonIndia's deals to import 1.3 mln tons of urea at riskUrea prices jump as global fertiliser supply tightensBy Naveen Thukral SINGAPORE, March 5 (Reuters) - Escalating war in the Middle ...Reuters
10 minutes ago
Perishables to plane parts stranded as Middle East conflict hits air cargo
Conflict in Iran grounds flights across Middle EastMiddle Eastern carriers account for 13% of global air cargo marketConflict reduced global air cargo capacity by 22%, Aevean saysSpot rates expected to jump on Asia-Europe routes, analyst says By Allison Lampert, Lisa Baertlein and Julie Zhu March...Reuters
11 minutes ago
Oil leaps 3% on supply concerns as Iran conflict widens
Iran launches wave of missiles at Israel U.S. Senate blocks measure to halt American air assaultTraffic through Strait of Hormuz remains halted, production cuts widenBy Katya Golubkova and Siyi Liu TOKYO/SINGAPORE, March 5 (Reuters) - Oil prices surged more than 3% on Thursday, extending a rally ...Reuters
12 minutes ago
South Africa's Impala Platinum profit soars on higher metal prices
March 5 (Reuters) - Impala Platinum IMPJ.J on Thursday posted a five-fold increase in half-year profit, driven by higher metal prices.The Johannesburg-based miner's headline earnings came in at 9.3 billion rand ($567.36 million) in the six months to December 31, up from 1.9 billion rand previous...Reuters
15 minutes ago
PRECIOUS-Gold gains on safe-haven demand as Middle East conflict widens
U.S. submarine sinks Iranian warship near Sri LankaWeekly U.S. jobless claims data due later in the dayGold prices to remain volatile due to uncertainty, analyst saysBy Noel John March 5 (Reuters) - Gold prices climbed on Thursday as a widening conflict involving the U.S., Israel and Iran drove i...Reuters
28 minutes ago
WRAPUP 2-Iran launches wave of missiles at Israel; US Republicans block measure to halt US air campaign
Air raid sirens in Israel sends millions into sheltersUS Senate blocks measure to halt American air assaultConflict widens, shipping and airlines disruptedNew Iranian leader loomsBy Parisa Hafezi, Pesha Magid and Tuvan Gumrukcu DUBAI/JERUSALEM/ANKARA, March 5 (Reuters) - Iran launched a wave of m...Reuters
52 minutes ago
ROI-Jet fuel's huge price surge points to coming pain from Iran war: Russell
By Clyde Russell LAUNCESTON, Australia, March 5 (Reuters) - The explosion in jet fuel prices in Asia is an early indicator that the economic pain of the war in the Middle East is about to become reality for energy consumers.Jet fuel prices in Asia's trading hub Singapore rocketed 72% to $225....Reuters
54 minutes ago
TECHNICALS-CBOT soybeans neutral with downside bias
For more technical analyses, please click SINGAPORE, March 5 (Reuters) - The CBOT soybean May contract SK26 looks neutral in a narrow range of $11.65 to $11.76-1/4 per bushel, and an escape could suggest a direction.The range falls within a bigger neutral zone of $11.58 to $11.83, mostly defined by ...Reuters
57 minutes ago
GRAINS-Soybeans firm on higher oil prices; wheat, corn gain
Soybeans rise in step with higher crude oil pricesWheat rebounds, gains limited by U.S. weather, ample suppliesBy Naveen ThukralSINGAPORE, March 5 (Reuters) - Chicago soybeans rose on Thursday, trading close to a nine-month high on the back of rising oil prices, even though uncertainty over Chinese ...Reuters
an hour ago
Taiwan says oil, gas stockpiles above regulatory requirements
TAIPEI, March 5 (Reuters) - Taiwan's economy ministry said on Thursday that stockpiles for both oil and natural gas are above regulatory requirements, and it has asked petroleum companies to raise their oil and gas inventory levels and to update inventory and shipping schedule date daily.The min...Reuters
2 hours ago
PRECIOUS-Gold gains on safe-haven demand as Middle East conflict widens
US submarine sinks Iranian warship near Sri LankaWeekly U.S. jobless claims data due later in the dayGold prices to remain volatile due to uncertainty, analyst saysBy Noel John March 5 (Reuters) - Gold rose on Thursday as the widening Middle East conflict drove investors towards the safe-haven as...Reuters
2 hours ago
Iran conflict's impact on energy temporary and a 'small price,' US energy secretary says
Iran conflict disrupts Middle East oil flows, raises energy pricesUS Navy to escort oil tankers through Strait of HormuzWright downplays long-term impact of Iran conflict on energy marketsBy Ismail Shakil March 4 (Reuters) - The impact of the Iran conflict on energy markets will be temporary and ...Reuters
3 hours ago
Explosion reported off tanker near Kuwait, crew safe, UKMTO says
March 5 (Reuters) - A tanker at anchor off Kuwait reported seeing a large explosion on its port side and was taking on water, the United Kingdom Maritime Trade Operations (UKMTO) said.The master observed a small craft leaving the area following the explosion, which occurred 30 nautical miles (56 km)...Reuters
3 hours ago
Trafigura, Venezuelan mining firm sign deal for up to 1,000 kg of gold, Axios reports
March 4 (Reuters) - Venezuela's state-owned mining company has signed a multi-million-dollar deal to sell as much as 1,000 kg of gold dore bars to commodities trader Trafigura for U.S. markets, Axios reported on Wednesday, citing two sources familiar with the deal.The deal requires Venezuelan mi...Reuters
3 hours ago
Trafigura, Venezuelan mining firm sign deal for up to 1,000 kg of gold, Axios reports
March 4 (Reuters) - Venezuela's state-owned mining company has signed a multimillion-dollar deal to sell as much as 1,000 kg of gold dore bars to commodities trader Trafigura for U.S. markets, Axios reported on Wednesday, citing two sources familiar with the deal.Reuters
3 hours ago
