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PRECIOUS-Gold edges higher on safe-haven demand as Middle East conflict intensifies
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 edged higher on Thursday as the widening Middle East conflict drove investors towards ...Reuters
12 minutes ago
European gas: Upside risks build on Russian supply threat – ING
ING’s Warren Patterson and Ewa Manthey warn that European gas faces growing upside risks after President Putin signalled Russia could redirect gas away from the EU, just as global LNG flows from the Persian Gulf are disrupted.Fxstreet
12 minutes ago
TECHNICALS-CBOT corn may retest support at $4.40-3/4
SINGAPORE, March 5 (Reuters) - CBOT corn CK26 may retest support at $4.40-3/4 per bushel; a break below that may trigger a fall to $4.38-1/4.The bounce off support is classified as a pullback toward a rising trendline, but the pullback has been a bit overdone.The pattern around $4.51-1/2 looks like ...Reuters
21 minutes ago
Malaysia announces measures to safeguard its exports amid Middle East conflict
KUALA LUMPUR, March 5 (Reuters) - Malaysia's trade agency announced measures on Thursday to safeguard the country's exports amid rising geopolitical tensions arising from the military conflict in the Middle East.The agency is actively encouraging Malaysian exporters to reroute and diversify ...Reuters
36 minutes ago
TABLE-North Sea gas maintenance schedule: Revises Ormen Lange outage
March 5 (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.OPERATORLOCATIONOUTA...Reuters
41 minutes ago
ANALYSIS-Europe faces gas storage scramble as Iran conflict tightens supply
Europe's gas storage at 5-year lowRefilling will require extra 180 LNG cargoes y/yIran conflict cuts supply, lift pricesEuropean benchmark gas at highest since early 2023By Nora Buli OSLO, March 5 (Reuters) - Europe's already huge task of refilling gas storage for next winter has suddenly...Reuters
an hour ago
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 iReuters
an hour ago
Impala Platinum boosts dividend after five-fold profit increase
March 5 (Reuters) - Impala Platinum IMPJ.J posted a five-fold increase in half-year profit on Thursday, driven by higher metal prices and helping the company boost its dividend payout.The Johannesburg-based miner's headline earnings came in at 9.3 billion rand ($567.36 million) in the six months...Reuters
an hour ago
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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
3 hours 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
3 hours ago
