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Druzhba oil pipeline could restart in a month and a half, Zelenskiy says
Zelenskiy says he would prefer not to restart pipelineHungary, Slovakia continue to buy Russian oil through the lineHungary obstructing EU support for Kyiv if line not reopened By Olena Harmash KYIV, March 5 (Reuters) - The Druzhba oil pipeline damaged by a Russian strike in January may be techni...Reuters
5 minutes ago
India's HPCL resumes Russian oil purchases, sources say
By Nidhi Verma NEW DELHI, March 5 (Reuters) - India's state-run Hindustan Petroleum Corp has resumed purchase of Russian oil after a gap of three months, buying two cargoes for arrival later this month, two sources familiar with the matter said.The refiner placed an order for two aframax tank...Reuters
7 minutes ago
Seafarers can refuse to sail through Mideast Gulf region, main union says
LONDON, March 5 (Reuters) - Seafarers have the right to refuse to sail on ships passing through the Middle East Gulf, including the Strait of Hormuz, after the threat level for the region was raised to its highest level, the leading labour union and shipping industry groups said on Thursday. Arou...Reuters
9 minutes ago
Bahrain says fire at Bapco Energies refinery after Iranian missile strike contained, operations continue
March 5 (Reuters) - A fire broke out at a unit of Bahrain's Bapco Energies refinery after an Iranian missile strike, but the blaze has been contained, with no injuries reported and refinery operations continuing, Bahrain’s National Communication Centre said on Thursday.Reuters
9 minutes ago
Bunge exploring alternative routes as shipping crisis worsens amid Iran war
By Sumit Saha and Katha Kalia 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.While the company did not immediate...Reuters
11 minutes ago
Petrobras diesel price gap widens to biggest since 2022 after global rally
RIO DE JANEIRO, March 5 (Reuters) - Brazilian state-run oil company Petrobras PETR3.SA is selling diesel to distributors at prices about 30% below international benchmarks, the largest gap since 2022, Goldman Sachs analysts said in a note to clients on Thursday.The gap widened as the U.S.-Israeli co...Reuters
19 minutes ago
Oil jumps more than 3% on supply concerns as Iran conflict widens
US-Israeli conflict with Iran disrupts oil supplies, shippingIraq cuts output by 1.5 million bpd due to storage, export issuesAttacks on oil tankers in Gulf, Chinese fuel export cuts push prices higherBy Georgina McCartney HOUSTON, March 5 (Reuters) - Oil prices jumped more than 3% on Thursday, e...Reuters
21 minutes ago
Sri Lanka says it is trying to safeguard lives on second Iranian ship after US sinks frigate
No immediate details on type of shipIran wants bodies repatriated from sunk frigateSearches ongoing for survivorsBy Uditha Jayasinghe GALLE, Sri Lanka, March 5 (Reuters) - Sri Lanka said it was trying to "safeguard lives" on a second Iranian ship off its coast on Thursday, a day after...Reuters
25 minutes ago
Seafarers can refuse to sail through Mideast Gulf region, top union says
LONDON, March 5 (Reuters) - Seafarers have the right to refuse to sail on ships passing through the Middle East Gulf including the Strait of Hormuz after the threat level for the region was raised to its highest level, the leading labour union and shipping industry groups said on Thursday.Reuters
30 minutes ago
US natgas prices edge up on big storage withdrawal, higher demand forecast
US gas storage withdrawal exceeds expectations due to winter stormPipeline constraints keep Waha Hub prices in Texas negative for 20th dayQatar LNG production halt impacts global prices, US gas prices unaffectedBy Scott DiSavino NEW YORK, March 5 (Reuters) - U.S. natural gas futures edged up ...Reuters
37 minutes ago
Dubai's Al Khaleej Sugar refinery still open for exports and imports
DUBAI, March 5 (Reuters) - Al Khaleej Sugar, operator of the world's largest port-based sugar refinery, is operating normally and is still open for import and export, the company's managing director, Jamal Al-Ghurair, told Reuters on Thursday.Al-Ghurair said that the company can use the po...Reuters
40 minutes ago
Gold Reserve, other miners receive US license to negotiate Venezuela return
March 5 (Reuters) - Gold Reserve GRZ.V said on Thursday the U.S. Treasury's Office of Foreign Assets Control has issued a 30-day license allowing certain companies, including the miner, to negotiate with Venezuela.Shares of the company rose nearly 11% in early market trading.U.S. Interior Secret...Reuters
43 minutes ago
US allows transactions with Rosneft Germany despite Russia sanctions
WASHINGTON, March 5 (Reuters) - The United States on Thursday issued a general licence exempting transactions involving the German unit of Russia's Rosneft from U.S. sanctions, the U.S. Treasury Department said, providing much-needed clarity for Berlin over the business's future.The licence,...Reuters
43 minutes ago
Zelenskiy taunts Hungary's Orban for blocking aid to Ukraine
Zelenksiy taunts that Ukrainian soldiers will have words with OrbanHungarian PM accused Kyiv of deliberately stopping Russian oilOrban made war in Ukraine a focal point of his election campaignHe repeatedly held up an EU aid package for Ukraine By Olena Harmash KYIV, March 5 (Reuters) - President...Reuters
an hour ago
WRAPUP 3-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
an hour ago
PRECIOUS-Gold falls as rising yields, firm dollar eclipse safe‑haven demand
Bombing of Tehran intensifies as war enters day sixFed report says US economic activity rose a bit in recent weeksUS weekly jobless claims unchanged last weekFebruary US employment report due on FridayBy Anmol Choubey March 5 (Reuters) - Gold prices reversed course on Thursday, erasing earlier ga...Reuters
2 hours ago
Toyota To Cut Output By Nearly 40,000 For Mideast-Bound Vehicles, Nikkei Reports
March 5 (Reuters) - Nikkei:TOYOTA TO CUT OUTPUT BY NEARLY 40,000 FOR MIDEAST-BOUND VEHICLESTOYOTA MOTOR WILL PRODUCE NEARLY 40,000 FEWER VEHICLES HEADED FOR MIDDLE EASTERN MARKETSPRODUCTION OF FEWER VEHICLES HEADED FOR MIDDLE EASTERN MARKETS IN RESPONSE TO LOGISTICAL CONCERNS STEMMING FROM U.S.-LED ...Reuters
2 hours ago
US opposes IAEA board resolution condemning attacks on Ukraine's power grid
Agency's 35-state board passes seventh text since invasionUnited States has not opposed a Ukraine resolution beforeOnly three others opposed, including China and RussiaFollows abstention at UN General Assembly last monthBy Francois Murphy VIENNA, March 5 (Reuters) - The United States joined R...Reuters
2 hours ago
CORRECTED-RPT-POLL-US natural gas stockpiles likely fell by 121 billion cubic feet last week (March 4)
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 a withdrawal of 106 bcf during the same week a year ago and a...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, Julie Zhu and Tim Hep...Reuters
2 hours ago
