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Canadian Natural Resources beats profit estimates on higher production
March 5 (Reuters) - Oil and gas producer Canadian Natural Resources CNQ.TO posted a better-than-expected profit for the fourth quarter, as higher output helped offset weaker crude prices.Canadian oil sands producers, including Canadian Natural Resources, have weathered a global sector downturn, hit ...Reuters
7 minutes ago
USA Rare Earth to buy remaining stake in Texas Round Top deposit, Bloomberg News reports
March 5 (Reuters) - USA Rare Earth USAR.O is planning to buy the remaining minority interest in a Texas rare earth deposit in an all-stock transaction that values the deal at about $73 million, Bloomberg News reported on Thursday, citing people familiar with the matter.The company will acquire all o...Reuters
9 minutes ago
PRECIOUS-Gold rises on safe-haven bid from Iran war, firm dollar limits gains
Israel launches more strikes on IranWeekly U.S. jobless claims data due at 1330 GMTFebruary U.S. employment report due on Friday By Pablo Sinha March 5 (Reuters) - Gold prices rose on Thursday, lifted by safe-haven demand amid an escalating war in the Middle East, though a stronger dollar and co...Reuters
11 minutes ago
Asia Distillates-Diesel cash diffs surge to record; regrade and jet fuel margins ease
SINGAPORE, March 5 (Reuters) - Asia's diesel markets were barren of physical window deals for a fourth session this week, though the backwardation structure remained firm on Thursday and cash differentials hit a record. The lack of April refiner spot sales continued, in line with earlier expecta...Reuters
11 minutes ago
BP's foreign staff evacuated from Iraq's Rumaila oilfield after two drones landed inside the field, sources say
BASRA, March 5 (Reuters) - Foreign staff were evacuated on Thursday from Iraq's giant Rumaila oilfield, operated by British oil major BP BP.L, after two unidentified drones landed inside the field, three Iraqi oil industry sources told Reuters.Reuters
15 minutes ago
Mexico steps up investigations into fuel smuggling by drug cartels
By Stefanie EschenbacherMEXICO CITY, March 5 (Reuters) - Mexico has expanded a probe into fuel smuggling at sea ports highlighted in a 2025 Reuters investigation into cartel-linked fuel crimes, according to a government document reviewed by the news agency outlining actions taken by the administrati...Reuters
22 minutes ago
RPT-ROI-Europe can absorb this Mideast energy hit - but not much more: Mike Dolan
By Mike Dolan LONDON, March 5 (Reuters) - The energy price jolt from this week's Middle East shock has left Europe fretting about an economic hit akin to the invasion of Ukraine four years ago. But initial fears may be overdone if - and it's a big "if" - futures markets prove accu...Reuters
22 minutes ago
Gulf food strategy tested as Iran war snarls shipping routes
Gulf states are around 90% reliant on imports for food Gulf began foreign farming in response to 2008 food crisisHormuz strait disruptions hinder ports like Jebel Ali Ships crowding in waters off Fujairah By Sarah El Safty and Maha El Dahan DUBAI, March 5 (Reuters) - Wealthy Gulf states are facin...Reuters
34 minutes ago
Singapore fuel oil stockpiles rise on strong end of February Middle East arrivals
SINGAPORE, March 5 (Reuters) - Singapore onshore fuel oil inventories rose in the week as Middle Eastern supply arrivals were strong earlier in late-February, although traders expect drawdowns in the coming weeks as March cargoes get trapped in the Strait of Hormuz. Residual fuel stockpiles rose 2...Reuters
46 minutes ago
USA Rare Earth Will Acquire All Of Outstanding Shares Of Texas Mineral Resources With An Implied Total Deal Value Of Some $73 Million- Bloomberg News
March 5 (Reuters) - Texas Mineral Resources Corp TMRC.PK:USA RARE EARTH WILL ACQUIRE ALL OF OUTSTANDING SHARES OF TEXAS MINERAL RESOURCES WITH AN IMPLIED TOTAL DEAL VALUE OF SOME $73 MILLION- BLOOMBERG NEWSSource text: https://tinyurl.com/3ktm5awvReuters
58 minutes ago
Iran has not requested Russian arms supplies, Kremlin says
MOSCOW, March 5 (Reuters) - Iran has not approached Moscow with a request for arms supplies, the Kremlin said on Thursday. Russia has condemned U.S.-Israeli strikes and called for an immediate ceasefire against a country it has drawn closer to in recent years.Iran last year sealed a 20-year strateg...Reuters
an hour ago
CORRECTED-INSIGHT-Lukoil fire sale marks failure of Russia's $800 billion bet to go global
Energy magnate Vagit Alekperov's international strategy soursLukoil is one of last major Russian firms to retreat from WestFollows decades of rampant Russian investment across the globeRussian outflows for overseas investment estimated at $800 billion in 2000-2021By Anna Hirtenstein and Dmitry Z...Reuters
an hour ago
Crude tanker reports suspected hull breach after blast near Iraq port
LONDON, March 5 (Reuters) - The Bahamas flagged crude oil tanker Sonangol Namibe's hull was likely to have been breached after being hit by a blast while anchored near Iraq's Khor al Zubair port, U.S. representative company Sonangol Marine Services said on Thursday.The vessel was approached ...Reuters
an hour ago
Canadian Natural Resources beats quarterly profit estimates
March 5 (Reuters) - Canadian Natural Resources CNQ.TO surpassed analysts' expectations for fourth-quarter profit on Thursday, benefiting from higher oil production.The Calgary, Alberta-based oil and gas producer posted an adjusted profit of 82 Canadian cents ($0.6010) per share for the three mon...Reuters
an hour ago
Russia accuses US and Israel of trying to drag Arab countries into a wider Middle East conflict
MOSCOW, March 5 (Reuters) - Russia on Thursday accused the United States and Israel of trying to drag Arab countries into a wider Middle East conflict by provoking Iran into striking targets across the region and said there was no sign Washington and Tel Aviv would let up. Arab states in the Gulf, ...Reuters
an hour ago
Global economy faces inflation and growth test amid escalating conflict in Iran - Goldman
March 5 (Reuters) - A temporary surge in oil prices to $100 per barrel could slow global growth by 0.4 percentage point, Goldman Sachs analysts said on Thursday, as a widening conflict in Iran chokes off vital Middle East oil and gas flows.Under its baseline forecast, Goldman expects oil prices to i...Reuters
an hour ago
EUROPE GAS-European gas prices rise as Putin suggests supply cut
LONDON, March 5 - Benchmark Dutch and British wholesale gas prices rebounded on Thursday morning after a drop in the previous session, after President Vladimir Putin warned Russia could halt its remaining gas flows to Europe, adding to concerns about supply after Qatar announced force majeure on LNG...Reuters
2 hours ago
Bunge exploring alternative shipping routes amid Middle East conflict
By Sumit Saha March 5 (Reuters) - Global grains trader Bunge BG.N is exploring alternative shipping routes and working with customers to minimize any disruptions caused due to the conflict in the Middle East, a company spokesperson told Reuters.Shipping through the Strait of Hormuz, a vital globa...Reuters
2 hours ago
