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RPT-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
5 minutes ago
India seeks US marine cover for Middle East energy cargoes, source says
By Nidhi Verma and Krishna N. Das NEW DELHI, March 5 (Reuters) - India is in talks with the United States to secure marine cover for vessels shipping oil from the Middle East, as New Delhi seeks to shield buyers from potential supply disruptions caused by the crisis in the Gulf, a government offi...Reuters
10 minutes ago
WRAPUP 1-More tankers come under attack as US-Iran conflict spreads in the region
Nine vessels attacked since U.S.-Iran conflict began BP evacuates foreign staff from Iraqi oil field due to dronesPutin considers halting gas exports to Europe By Jonathan Saul and Anna Hirtenstein March 5 (Reuters) - More tankers came under attack in Gulf waters on Thursday as the U.S.–Iran war ...Reuters
12 minutes ago
Romania extends gas price cap for households until April 2027, PM says
BUCHAREST, March 5 (Reuters) - Romania is extending a gas price cap for households by a year until April 2027, Prime Minister Ilie Bolojan said on Thursday.Gas prices will not exceed 0.31 lei ($0.0708) per kilowatt hour, the energy minister added. ($1 = 4.3811 lei)Reuters
14 minutes ago
WTI struggles to hold above $76 on hopes of de-escalating Middle East conflict
West Texas Intermediate (WTI), futures on NYMEX, are up 2% to near $76.00 during the European trading session on Thursday. The Oil price trades firmly but struggles to stabilize above the $76.00 hurdle due to signs of de-escalation in conflicts between the United States (US), Israel, and Iran.
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26 minutes ago
BP's foreign staff evacuated from Iraq oilfield after drones landed in field, sources say
BASRA, March 5 (Reuters) - Foreign staff were evacuated from Iraq's giant Rumaila oilfield, run by British energy major BP BP.L, after two unidentified drones landed inside the field on Thursday, three Iraqi oil industry sources told Reuters."We are taking all necessary steps to support our ...Reuters
27 minutes ago
USA Rare Earth to acquire remaining stake in Texas Round Top deposit for $73 million
March 5 (Reuters) - USA Rare Earth USAR.O said on Thursday it would acquire the remaining minority interest in a Texas rare earth deposit in an all-stock transaction worth $73 million, as part of its efforts to boost domestic production of critical minerals.The company will acquire all of the outsta...Reuters
27 minutes ago
GRAINS-Chicago grains rise alongside crude oil as Middle East conflict continues
Wheat, corn and soybeans recoup Wednesday's small lossesFresh crude oil rally keeps focus on Iran conflictHigher dollar and ample grain supply curb price gainsBy Naveen Thukral and Gus Trompiz SINGAPORE/PARIS, March 5 (Reuters) - Chicago grain and soybean futures rose on Thursday, supported b...Reuters
30 minutes ago
Cuba says electrical grid reconnected after major power blackout
HAVANA, March 5 (Reuters) - Cuba's Energy Ministry said on Thursday that the national electrical grid had been reconnected and power generation was being brought back online after an outage struck most of the country on Wednesday, including Havana.The blackout came as the island's communist-...Reuters
44 minutes ago
Russia's Novak says government will soon discuss stopping gas exports to Europe
Putin ordered government to discuss halting gas flows to EUNovak says Russian gas accounts for more than 12% of EU's imports MOSCOW, March 5 (Reuters) - The Russian government will meet soon to discuss stopping gas exports to Europe, Deputy Prime Minister Alexander Novak said on Thursday.Pres...Reuters
48 minutes ago
China, US pressure Ghana to halt gold royalty hike, document, sources say
Gold price surge prompts Ghana's royalty scale proposalDiplomatic missions present joint concerns to Ghana's lands ministerMining CEOs express private concerns tooBy Maxwell Akalaare Adombila DAKAR, March 5 (Reuters) - China, the U.S. and other Western governments have mounted an unusuall...Reuters
an hour ago
Discussing strategic petroleum reserve release is premature, French finance ministry official says
PARIS, March 5 (Reuters) - Any discussion of a release from the strategic petroleum reserve is premature and not reflective of the current situation, a French finance ministry cabinet official said on Thursday, amid the conflict in the Middle East.The official reiterated there was no short-term supp...Reuters
an hour ago
Scorpio Tankers Inc. Announces Vessel Sale Agreements And Time Charter-Out Agreements
March 5 (Reuters) - Scorpio Tankers Inc STNG.N:SCORPIO TANKERS INC. ANNOUNCES VESSEL SALE AGREEMENTS AND TIME CHARTER-OUT AGREEMENTSSCORPIO TANKERS: ENTERED AGREEMENTS TO SELL TWO 2015 BUILT SCRUBBER-FITTED MR PRODUCT TANKERS, STI SENECA AND STI OSCEOLA, FOR $35.0 MILLION PER VESSELSCORPIO TANKERS I...Reuters
an hour ago
Iranian explosives-laden boat used to target tanker in Iraqi waters – Iraqi sources
BASRA, Iraq, March 5 (Reuters) - An Iranian remote controlled boat laden with explosives was used on Thursday to target and damage the Bahamas flagged crude oil tanker Sonangol Namibe anchored in Iraqi waters, according to initial assessments from two Iraqi port security sources.The small boat explo...Reuters
an hour ago
Cuba says electrical grid reconnected after major power blackout
HAVANA, March 5 (Reuters) - Cuba's Energy Ministry said on Thursday that the national electrical grid had been reconnected and power generation was being brought back online.A power outage struck most of the country on Wednesday, including Havana, as the Communist-run government grapples with in...Reuters
an hour ago
Ferrellgas Partners' Q2 revenue falls 4%
OverviewPropane supplier's fiscal Q2 revenue fell 4% but gross profit rose 1%Net earnings for fiscal Q2 rose 3% to $102.2 mlnAdjusted EBITDA for fiscal Q2 increased 6% to $166.1 mlnOutlookFerrellgas plans to accelerate strategic growth and expand customer baseFerrellgas expects consistent earnin...Reuters
an hour ago
Sri Lanka says it is trying to safeguard lives on second Iranian ship after US sinks frigate
Sri Lanka dealing with another Iranian ship in its economic zoneSri Lanka sends freezers for bodies recovered from IRIS DenaThirty-two rescued sailors treated for minor injuriesIran wants bodies to be repatriatedBy Uditha Jayasinghe GALLE, Sri Lanka, March 5 (Reuters) - Sri Lanka said it was tryi...Reuters
2 hours ago
Oil rises on supply concerns as Iran conflict widens
Iran launches wave of missiles at Israel US Senate blocks measure to halt American air assaultTraffic through Strait of Hormuz remains halted, production cuts widenBy Enes Tunagur LONDON, March 5 (Reuters) - Oil prices rose on Thursday, extending a rally as the escalating U.S.-Israeli war with Ir...Reuters
2 hours ago
Russia's Novak says government will soon discuss stopping gas exports to Europe
MOSCOW, March 5 (Reuters) - Russian Deputy Prime Minister Alexander Novak said on Thursday that the government will soon convene to discuss stopping Russian gas exports to Europe.President Vladimir Putin said on Wednesday that Russia could halt supplies right now amid a spike in energy prices trigge...Reuters
2 hours ago
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
2 hours ago
