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More LNG tankers divert as Asian buyers seek cargoes
LNG tankers divert to Asia due to Middle East disruptionsAsian buyers face high prices, struggle to replace Qatari cargoesCompetition between Atlantic and Pacific basins may intensifyBy Emily Chow SINGAPORE, March 6 (Reuters) - More tankers carrying liquefied natural gas are diverting towards Asi...Reuters
3 minutes ago
India invokes emergency powers, orders refiners to boost LPG output
By Nidhi VermaNEW DELHI, March 6 (Reuters) - India has invoked emergency powers and directed refiners to maximise production of liquefied petroleum gas (LPG) to prevent a shortage of the cooking fuel after supply disruptions caused by the Middle East crisis, a government order showed.The world's...Reuters
8 minutes ago
Maersk suspends two shipping services due to Middle East crisis
COPENHAGEN, March 5 (Reuters) - Maersk MAERSKb.CO will temporarily suspend its FM1 service, connecting the Far East to the Middle East, and its ME11 service, connecting the Middle East to Europe, the shipping group said in a statement on Friday."This decision has been taken as a precautionary me...Reuters
18 minutes ago
TECHNICALS-CBOT corn may extend gains into $4.58-$4.62 range
SINGAPORE, March 6 (Reuters) - CBOT corn CK26 may extend gains into a range of $4.58 to $4.62 per bushel, driven by a powerful wave C.This wave has travelled far above its 100% projection level of $4.51-1/2. It is likely to extend into a range of $4.58-$4.62, formed by the 138.2% and the 161.8% leve...Reuters
20 minutes ago
Trump officials ruling out Treasury oil futures trades for now, Bloomberg News reports
March 6 (Reuters) - The Trump administration is ruling out deploying the Treasury Department to trade oil futures for now, Bloomberg News reported on Friday, citing a person familiar with the matter.Officials discussed getting the Treasury Department involved, but believe its ability to meaningfully...Reuters
21 minutes ago
PRECIOUS-Gold rises as Middle East conflict spurs safe-haven demand
US dollar weakens 0.3%February US employment report due later in the dayRisk of geopolitical tensions escalating, analyst saysBy Noel John March 6 (Reuters) - Gold prices rose on Friday, rebounding from a more than 1% drop in the previous session, as investors bought safe-haven bullion on heighte...Reuters
30 minutes ago
Trump officials ruling out Treasury oil futures trades for now, Bloomberg News reports
March 6 (Reuters) - The Trump administration is ruling out deploying the Treasury Department to trade oil futures for now, Bloomberg News reported on Friday, citing a person familiar with the matter.Officials discussed getting the Treasury Department involved, but believe its ability to meaningfully...Reuters
37 minutes ago
TABLE-North Sea gas maintenance schedule: Adds Bacton SEAL (Elgin Franklin) outage
March 6 (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
51 minutes ago
PRESS DIGEST- New York Times business news - March 6
March 6 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Pokémon Company International on Thursday objected the White House's repeated use of its intellectual property after the admi...Reuters
an hour ago
ROI-Iran war exposes fragility of Western aluminium market: Andy Home
By Andy Home LONDON, March 6 (Reuters) - The Iran war is exposing a growing vulnerability in the West's supply of aluminium, a metal classified as a critical manufacturing input by both the United States and the European Union. The London Metal Exchange (LME) aluminium price CMAL3 hit a four...Reuters
2 hours ago
TECHNICALS-CBOT soybeans may edge up into $11.87-3/4 to $11.94-1/4 range
For more technical analyses, please click SINGAPORE, March 6 (Reuters) - The CBOT soybean May contract SK26 may edge up into a range of $11.87-3/4 to $11.94-1/4 per bushel, as it has pierced above a resistance at $11.83.A wedge has been more or less confirmed as a bullish continuation pattern, sugge...Reuters
2 hours ago
African Rainbow Minerals half-year profit up 10% on firmer platinum prices
March 6 (Reuters) - African Rainbow Minerals (ARM) ARIJ.J reported on Friday an increase of 10% in half-year profit, as higher platinum group metal (PGM) prices helped offset lower income from its iron ore, manganese and coal divisions.The South African diversified miner's headline earnings came...Reuters
2 hours ago
Oil falls but set for steepest weekly gain since 2022
US considers intervening in futures market to curb rising pricesMiddle East conflict disrupts oil supply, impacting global energy pricesUS grants waivers for Russian oil purchases to ease supply constraints SINGAPORE, March 6 (Reuters) - Oil prices fell on Friday for the first time in six day...Reuters
2 hours ago
RPT-India asks refiners to maximise LPG output
By Nidhi VermaNEW DELHI, March 6 (Reuters) - India has asked all its refiners to maximise production of liquefied petroleum gas and make the fuel available only to three state-run companies - Indian Oil, HPCL and BPCL, a government order showed.Thursday's order also asked refiners not to use pro...Reuters
2 hours ago
India asks refiners to maximise LPG output
By Nidhi VermaNEW DELHI, March 6 (Reuters) - India has asked all its refiners to maximise production of liquefied petroleum gas and make the fuel available only to three state-run companies - Indian Oil, HPCL and BPCL, a government order showed.Thursday's order also asked refiners not to use pro...Reuters
2 hours ago
Qatar offers LNG tankers for lease as top export plant stays shut, Bloomberg News reports
March 6 (Reuters) - Qatar is offering at least two liquefied natural gas tankers that it controls for lease, as the country’s massive export facility in the Gulf remains shut due to the ongoing war in the Middle East, Bloomberg News reported on Friday.The Al Thumama and Mesaieed, both of which are u...Reuters
2 hours ago
African Rainbow Minerals half-year profit up 10% on firmer platinum prices
March 6 (Reuters) - African Rainbow Minerals (ARM) ARIJ.J reported on Friday a 10% increase in half-year profit, as higher platinum group metal (PGM) prices offset the impact of lower income from its iron ore, manganese and coal divisions.The South African miner's headline earnings came in at 1....Reuters
2 hours ago
PRECIOUS-Gold rises 1% as Middle East conflict spurs safe-haven demand
US dollar weakens 0.3%February US employment report due later in the dayRisk of geopolitical tensions escalating, analyst saysBy Noel John March 6 (Reuters) - Gold prices rose on Friday, rebounding from a more than 1% drop in the previous session, as investors sought safe-haven bullion on heighte...Reuters
2 hours ago
