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Oil rises more than 3% 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, output cuts widenBy Enes Tunagur LONDON, March 5 (Reuters) - Oil prices rose more than 3% on Thursday, extending a rally as the escalating U.S.-Israeli wa...Reuters
6 minutes ago
US natgas prices rise ahead of storage report on higher demand forecast
Higher than usual gas withdrawal expected due to winter stormWaha Hub prices negative for 20th consecutive dayQatarEnergy halts LNG production after Iran attackBy Scott DiSavino NEW YORK, March 5 (Reuters) - U.S. natural gas futures edged up about 1% on Thursday on forecasts of higher demand this...Reuters
19 minutes ago
Codelco, Microsoft sign AI deal for mining operations
SANTIAGO, March 5 (Reuters) - Chile's state-owned Codelco, the world's largest copper producer, and Microsoft signed a memorandum of understanding to evaluate joint initiatives in artificial intelligence, advanced analytics, automation and digital security, the miner said on Thursday. KEY CO...Reuters
22 minutes ago
Greek seafarers strike over crews stranded in the Gulf by Iran war
PIRAEUS, Greece, March 5 (Reuters) - Greek seafarers began a 24-hour strike on Thursday, halting local ferry services, as they protested over vessel crews stranded in the Gulf amid the escalating Middle East war, and demanded the area is declared a war risk zone to enable their repatriation. The Ir...Reuters
24 minutes ago
CBOT Trends-Wheat up 4-6 cents, corn up 2-4 cents, soy up 1-3 cents
CHICAGO, March 5 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Thursday: WHEAT - Up 4 to 6 cents per bushelShort-covering and rising oil prices supported CBOT grains as the U.S.-Isr...Reuters
40 minutes ago
WRAPUP 5-Bombing of Tehran intensifies as war enters day six
Iran vows to retaliate anywhere for US attack on warshipPostponement of Khamenei mourning interrupts apparent plan to swiftly anoint his sonIsrael to target underground missile sites in second phase of strikesBy Parisa Hafezi and Steven Scheer DUBAI/JERUSALEM, March 5 (Reuters) - The U.S.-Israeli...Reuters
45 minutes ago
Gold Reserve to return to mining operations in Venezuela
March 5 (Reuters) - Gold Reserve GRZ.V said on Thursday it plans to resume mining in Venezuela, marking a return to the country nearly 17 years after the Venezuelan government seized control of the company's Brisas gold mine.Last month, the company had hired brokerage Cantor Fitzgerald's Can...Reuters
49 minutes ago
WRAPUP 2-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
49 minutes ago
RPT-POLL-US natural gas stockpiles likely fell by 121 billion cubic feet last week
March 4 (Reuters) - U.S. energy firms likely pulled an above-normal 121 billion cubic feet of natural gas from storage last week, according to the average estimate in a Reuters poll released on Wednesday. That figure compares with an injection of 30 bcf during the same week a year ago and a five-yea...Reuters
59 minutes ago
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
2 hours 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
2 hours 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
2 hours 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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2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
3 hours ago
