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EUROPE POWER-Forward prices post slight gains, tracking higher gas costs
PARIS, March 6 (Reuters) - European year-ahead contracts rose in early trading, tracking higher oil and gas prices as the Iran conflict grows. NG/EUO/RThe 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 year...Reuters
10 minutes ago
Qatar’s Kaabi: Oil prices could surge to $150 a barrel - FT
Qatar’s Energy Minister Saad al-Kaabi said in an interview with the Financial Times (FT) published on Friday that all Gulf energy producers to shut down exports within weeks amid the ongoing war in the Middle East, which involves the United States (US), Israel, and Iran.Fxstreet
13 minutes ago
Indian refiners studying legal implication of US order allowing Russian oil imports, source says
NEW DELHI, March 6 (Reuters) - Indian refiners are studying the legal implications of the latest U.S. order that allows imports of Russian oil from sanctioned entities, an Indian government source said on Friday. The United States issued a 30-day waiver on Thursday, allowing India to buy Russian oil...Reuters
20 minutes ago
PRECIOUS-Gold edges up, but set for weekly drop as inflation fears offset safe-haven demand
Gold headed for weekly lossFebruary US employment report due at 1330 GMTIsrael strikes Hezbollah-controlled suburbs of BeirutBy Pablo Sinha March 6 (Reuters) - Gold edged up on Friday on safe-haven demand amid escalating tensions in the Middle East, but was headed for a weekly loss, as mounting ...Reuters
25 minutes ago
Qatar energy minister warns war will force Gulf to stop energy exports within weeks, FT says
March 6 (Reuters) - Qatar expects all Gulf energy producers to shut down exports within weeks and drive oil to $150 a barrel, the country's Energy Minister Saad al-Kaabi told the Financial Times in an interview published on Friday. "Everybody that has not called for force majeure we expect w...Reuters
34 minutes ago
Kremlin says the war in Iran has fuelled significant demand for Russian energy
Kremlin: Russia remains a reliable supplier of oil and gasU.S. grants India a 30‑day waiver to buy Russian oilMOSCOW, March 6 (Reuters) - The Kremlin said on Friday that the war in Iran had fuelled demand for Russian energy products, a day after the U.S. Treasury issued a 30-day waiver allowing Indi...Reuters
39 minutes ago
Kremlin says the war in Iran has fuelled demand for Russian energy
MOSCOW, March 6 (Reuters) - The Kremlin said on Friday that the war in Iran had fuelled demand for Russian energy products, noting that buyers like China and India were guided by their national interests. Kremlin spokesman Dmitry Peskov told reporters that Russia has been and remained a reliable su...Reuters
56 minutes ago
Qatar warns war will force Gulf to stop energy exports within weeks, energy minister tells FT
March 6 (Reuters) - Qatar's energy minister Saad al-Kaabi said that even if the war ended immediately it would take Qatar "weeks to months" to return to a normal cycle of deliveries, he told the Financial Times in an interview published on Friday.Reuters
59 minutes ago
Oil: Safe-haven bid versus consumer tax – BNY
BNY’s Bob Savage highlights that Oil supply shock risks look underpriced even as prediction markets see high odds of crude reaching $100/bbl. He notes strong investor flows into Energy equities across regions and describes Oil as a new safe haven.
Fxstreet
an hour ago
Iran war chokes aid corridors, obstructing global relief efforts
Aid routes disrupted by Iran war, delaying shipmentsDubai aid hub badly affectedAid for Gaza and Sudan held upShipments for Africa forced to take lengthy Cape routeBy Olivia Le Poidevin and Emma Farge GENEVA, March 6 (Reuters) - Key humanitarian air, sea and land routes are being constricted by d...Reuters
an hour 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.Reuters
2 hours ago
CK Hutchison steps up legal push as Panama moves to seize ports
March 6 (Reuters) - Hong Kong conglomerate CK Hutchison 0001.HK said on Friday it has escalated its legal fight in Panama after the government seized its port operations, petitioning for a review of the decree behind the takeover.The company said Panama unlawfully occupied facilities, seized propert...Reuters
2 hours ago
Oil set for steepest weekly gain since Russia's 2022 invasion of Ukraine
Middle East war disrupts oil supply, lifting global energy pricesUS grants waivers for Russian oil purchases to ease supply constraintsUS officials say Treasury won't trade oil futures, Bloomberg reports SINGAPORE, March 6 (Reuters) - Crude oil headed for the sharpest weekly gain since Ru...Reuters
2 hours ago
Italy scouts gas supplies from U.S., Africa and Azerbaijan after Qatar force majeure, minister says
ROME, March 6 (Reuters) - Italy is looking at alternative sources of natural gas, including U.S. liquefied natural gas (LNG) and pipeline supplies from Africa and Azerbaijan, to make up for loss of deliveries from Qatar due to the conflict in the Middle East, Energy Minister Gilberto Pichetto Fratin...Reuters
2 hours ago
REFILE-Oil falls as US may intervene in futures market, issues waiver for Russian purchases
By Helen Clark PERTH, March 6 (Reuters) - Oil fell for the first time in six days as the U.S. government is considering potentially intervening in the futures market to blunt rising prices and has given waivers to Indian refiners to buy Russian crude to ease supply constraints from the Middle Eas...Reuters
2 hours ago
U-Turn: Trump Administration Abandons Crude Oil Futures Intervention Plan
TradingKey - March 6: According to Bloomberg, the Trump administration had discussed authorizing the Treasury Department to trade crude oil futures, but latest reports indicate that the proposal has now been shelved.TradingKey
2 hours ago
Maersk suspends two shipping services due to Middle East crisis
COPENHAGEN, March 6 (Reuters) - Maersk MAERSKb.CO, one of the world's biggest container shipping groups, said on Friday it has temporarily suspended two services linking the Middle East to Asia and Europe as the Iran conflict continues to disrupt global supply chains. The Danish group said in...Reuters
2 hours ago
REFILE-Maersk suspends two shipping services due to Middle East crisis
COPENHAGEN, March 6 (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
2 hours ago
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 hours ago
