News
Important Only
Brazil superintendency of regulator CADE approves IG4-Novonor deal for Braskem
SAO PAULO, March 6 (Reuters) - The general superintendency of Brazil's antitrust watchdog CADE approved on Friday the agreement for private equity firm IG4 Capital to buy a controlling stake in petrochemical firm Braskem BRKM5.SA from conglomerate Novonor, a regulatory document showed.The agreem...Reuters
9 minutes ago
Gold price surges after weak US payrolls shake US Dollar
Gold price (XAU/USD) rallies on Friday during the North American session, boosted by a weaker-than-expected US jobs report and a risk-off market mood amid the Middle East conflict. At the time of writing, XAU/USD trades near $5,140, up more than 1%.
Fxstreet
14 minutes ago
EU wheat rallies with crude oil as Mideast war rattles investors
PARIS, March 6 (Reuters) - Euronext wheat futures climbed to their highest since August on Friday, supported by another surge in oil prices as investors fretted over disruption from the Middle East conflict, traders said. May milling wheat BL2K6 on Euronext was up 2.7% at 207.50 euros ($240.66) ...Reuters
25 minutes ago
US crude jumps 10%, closing in on Brent's price as buyers seek barrels
WTI hits level last seen in October 2023Brent trades at $90 per barrel for first time since April 2024Trump says he is unconcerned about rising gasoline pricesQatar's energy minister says oil could reach $150 a barrelBy Erwin Seba HOUSTON, March 6 (Reuters) - U.S. crude oil futures climbed mo...Reuters
26 minutes ago
QatarEnergy offers 10 LNG tankers for lease amid production halt, soaring shipping rates, sources say
By Marwa Rashad LONDON, March 6 (Reuters) - QatarEnergy is offering 10 liquefied natural gas tankers for lease, two industry sources told Reuters, after the world's second-largest LNG exporter announced a production halt at its 77 million ton per annum (mtpa) facility and shipping rates soare...Reuters
45 minutes ago
ROI-Rip up the glut forecasts - Mideast oil shock signals supply crunch: Bousso
By Ron Bousso LONDON, March 6 (Reuters) - The sudden and acute disruption to Middle East oil supplies caused by the U.S.-Israeli war with Iran is forcing buyers to tap every available barrel, rapidly dismantling forecasts of an oil glut this year.In February, the International Energy Agency forec...Reuters
47 minutes ago
Ghana looks to shift artisanal gold refining amid Dubai flight disruptions, say sources
Ghana's artisanal gold sector depends on refining in the UAEChina and India are among potential alternative destinationsASM gold is a crucial source of foreign currency for AfricaThe situation creates a chance to challenge illicit gold flows, LBMA saysBy Maxwell Akalaare Adombila and Polina Devi...Reuters
an hour ago
Russia gets export boost from Iran war as price of oil to India surges
Russian oil delivered to Indian ports trades at premium to Brent benchmark for first timeUS grants India a 30-day waiver to buy Russian oilRussia draws short-term financial benefit from war in IranBy Vladimir Soldatkin and Dmitry Antonov MOSCOW, March 6 (Reuters) - The war in Iran has fuelled a s...Reuters
an hour ago
US Cash Grains-Soy, corn basis bids mostly steady at Midwest processors, elevators
CHICAGO, March 6 (Reuters) - Basis bids for corn and soybeans were mostly steady at elevators, processors, ethanol plants and river terminals in a spot check of locations on Friday. Basis bids for soybeans weakened at some locations on Thursday as farmers sold crops. Farmer sales picked up as future...Reuters
an hour ago
South Bow moves to revive parts of Keystone XL with binding shipper commitments (March 5)
March 5 (Reuters) - Canadian pipeline operator South Bow SOBO.TO said on Thursday it has launched a formal open season seeking binding long-term shipping commitments for a revival of part of the Keystone XL oil pipeline, a move that could boost Canada's crude exports to the United States by more...Reuters
an hour ago
BP seeks at least $3.7 billion from Venture Global arbitration, filing says
BP seeks damages of $3.7 billion to over $6 billion, Venture Global saysSays BP's claims are "unserious and not supported by evidence"BP won arbitration over Venture Global's LNG delivery failure in October LONDON, March 6 (Reuters) - BP BP.L is seeking at least $3.7 billion from ...Reuters
2 hours ago
PRECIOUS-Gold rose after US payrolls report, but heads for first weekly fall in five
Israel strikes Hezbollah-controlled suburbs of BeirutUS dollar set for its strongest weekly rise in over a yearSilver, platinum, palladium head for weekly lossesBy Anmol Choubey March 6 (Reuters) - Gold rose on Friday after softer U.S. payrolls data kept hopes of a Federal Reserve rate cut alive,...Reuters
2 hours ago
World Bank backs South Africa's infrastructure rollout with $350 million funding
JOHANNESBURG, March 6 (Reuters) - The World Bank has agreed to give South Africa $350 million of financing for a new credit guarantee facility that is meant to unlock private financing for infrastructure including an expansion of the power transmission grid.The World Bank said in a statement dated M...Reuters
2 hours ago
Overseas votes in Denmark election may not arrive in time due to Middle East turmoil, government says
STOCKHOLM, March 6 (Reuters) - Denmark's government said on Friday that the ongoing turmoil in the Middle East may prevent some overseas votes in the country's March 24 general election from arriving in time to be counted.Global air travel remains severely disrupted after the war in Iran for...Reuters
2 hours ago
Saudi led OPEC oil output jump ahead of Iran strikes, Reuters survey finds
OPEC February output up 530,000 to 28.87 million bpdSaudi led with 250,000 bpd increaseEight OPEC+ producers had pledged to keep output steady By Alex Lawler LONDON, March 6 (Reuters) - Saudi Arabia led a big increase in OPEC oil output in the month ahead of U.S. and Israeli strikes on Iran, a R...Reuters
2 hours ago
United Airlines sees hit to results on fuel cost spike from Iran conflict
March 6 (Reuters) - United Airlines UAL.O CEO Scott Kirby said on Friday he expects a "meaningful" hit to the carrier's first-quarter results from surging fuel prices following the deepening war in Iran, even as travel demand remains resilient.If the conflict prolongs, the airline could ...Reuters
2 hours ago
BP seeks award of at least $3.7 billion from Venture Global arbitration win, Venture Global filing says
LONDON, March 6 (Reuters) - BP BP.L is seeking an award of at least $3.7 billion from its arbitration win against Venture Global in a case concerning liquefied natural gas cargoes, according to Venture Global's annual report released earlier this week. The remedies sought by BP include damages r...Reuters
2 hours ago
Gulf disruption squeezes Indonesia nickel makers' sulphur supply
Middle East accounts for almost a quarter of global sulphur productionIndonesia imports around 75% of its sulphur from Middle EastDRC imported about 1.3-1.4 mln T of sulphur last year from Middle EastBy Dylan Duan, Pratima Desai and Tom Daly SHANGHAI/LONDON, March 6 (Reuters) - Nickel makers in...Reuters
3 hours ago
