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Iran war threatens a prolonged hit to global energy markets
Conflict disrupts global oil supply, Strait of Hormuz key to resolutionMiddle East oilfields, refineries face shutdowns, prolonged recovery expectedEnergy price hikes pose political risk for Trump amid midterm electionsBy Timour Azhari and Marwa Rashad March 7 (Reuters) - The war with Iran could ...Reuters
52 minutes ago
India raises cooking gas prices as Iran war hits supply
By Nidhi Verma NEW DELHI, March 7 (Reuters) - Indian companies have raised the prices of liquefied petroleum gas, mostly used as a cooking fuel, for the first time in about a year, as global prices surge with the U.S.-Israel war on Iran disrupting supplies from the Middle East.Indian Oil Corp, th...Reuters
3 hours ago
India let Iran warship dock the day US sank another off Sri Lanka, officials say
NEW DELHI, March 6 (Reuters) - India has allowed an Iranian warship to dock as a humanitarian gesture, Foreign Minister Subrahmanyam Jaishankar said on Saturday, after the U.S. sank another Iranian navy vessel off neighbouring Sri Lanka.The Lavan docked at India's southern port of Kochi on Wedne...Reuters
3 hours ago
Emirates says all flights to and from Dubai suspended
CAIRO, March 7 (Reuters) - Emirates said on Saturday that all flights to and from Dubai have been suspended until further notice, according to a post from the UAE flag carrier on X. Emirates has been operating limited services from Dubai and Abu Dhabi through safe air corridors.Reuters
5 hours ago
Halliburton, KBR, Schlumberger begin evacuating expat Staff From Iraq oilfields to Kuwait, sources say
BAGHDAD, March 7 (Reuters) - Several foreign oil companies, including Halliburton, KBR and Schlumberger, have begun evacuating expatriate staff from oil fields in Iraq to Kuwait through the Safwan border crossing, two Iraqi sources told Reuters on Saturday.The move followed Iranian strikes on the re...Reuters
5 hours ago
Azerbaijan says it foils Iranian plots including plan to attack major pipeline
BAKU, March 7 (Reuters) - Azerbaijan said it had prevented several acts of "terrorist" sabotage planned by Iran's Islamic Revolutionary Guard Corps (IRGC), including a plot to attack a major oil pipeline running through the South Caucasus to Turkey.The targets included the Baku-Tbilisi-C...Reuters
5 hours ago
ANALYSIS-One week into Iran war, the dangers for the US and Trump multiply
MAGA support for Trump on Iran remains, but could impact midterm electionsIran's threat to Strait of Hormuz poses economic risks, oil traffic haltedConflict could have repercussions on US midterm elections By Matt Spetalnick and Andrea ShalalWASHINGTON, March 7 (Reuters) - One week into the U.S....Reuters
6 hours ago
Tornadoes kill four, injure more than a dozen in rural Michigan
By Maria TsvetkovaNEW YORK, March 6 (Reuters) - Tornadoes and strong storms killed at least four people and injured more than a dozen in southern Michigan on Friday, destroying multiple homes and leaving hundreds of residents without power, local authorities said. Soon after the National Weather Ser...Reuters
7 hours ago
China's central bank extends gold buying to 16th month
SHANGHAI, March 7 (Reuters) - China's central bank kept purchasing gold for a 16th straight months, with its holdings totalling 74.22 million fine troy ounces by the end of February, versus the previous month's 74.19 million. The value of China's gold reserves stood at $387.59 billion at...Reuters
9 hours ago
China's forex reserves rise in February as dollar gains
SHANGHAI, March 7 (Reuters) - China's foreign exchange reserves rose to $3.428 trillion at the end of February, central bank data showed on Saturday, as the dollar took a reprieve after a months-long decline. The country's foreign exchange reserves, the world's largest, matched a Reuters...Reuters
9 hours ago
China gold reserves at 74.22 mln fine troy oz at end-Feb vs 74.19 mln troy oz at end-Jan - central bank
SHANGHAI, March 7 (Reuters) - China gold reserves rose to 74.22 million fine troy ounces at the end of February from 74.19 million a month earlier, data from the People's Bank of China showed on Saturday.Reuters
9 hours ago
China FX reserves rise to $3.428 trln end-Feb from $3.399 trln end-Jan
SHANGHAI, March 7 (Reuters) - China's foreign exchange reserves rose to $3.428 trillion at the end of February from $3.399 trillion a month earlier, central bank data showed on Saturday, as the dollar took a reprieve after a months-long decline.Reuters
9 hours ago
Iran war sends US crude futures up 12% a barrel
WTI hits level last seen in September 2023Brent trades over $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 futures climbe...Reuters
10 hours ago
White House seeks bolder action on energy prices amid Iran conflict
White House seeks quick measures without congressional approvalRising gasoline prices could impact Trump in midterm electionsU.S. crude oil prices rise over 12% amid Middle Eastern supply constraintsBy Jarrett Renshaw and Nandita Bose March 6 (Reuters) - The White House is asking federal agencies...Reuters
10 hours ago
US pump prices surge as Iran war upends global energy supply
Fuel prices jump over 10% as oil prices surgeMidwest and South see steepest fuel cost increasesAnalysts predict further price rises due to market conditionsBy Nicole Jao, Jayla Whitfield-Anderson and Rich McKay MARIETTA/NEW YORK, March 6 (Reuters) - U.S. retail gasoline and diesel prices are soar...Reuters
11 hours ago
US Cash Products-Gulf Coast gasoline grades slide ahead of pipeline cycle change
NEW YORK, March 6 (Reuters) - Cash differentials for gasoline fell in the U.S. Gulf Coast on Friday, the last day to trade for delivery of the fuel on Colonial Pipeline's 16th annual pumping cycle to New York Harbor, traders said.U.S. Gulf Coast M3 conventional gasoline RU-DIFF-USG fell 2 cents,...Reuters
12 hours ago
CORRECTED-South Bow says US, Canada policy shift boosts prospects for Keystone XL revival
South Bow optimistic about North American policy shift for pipeline projectCEO Wirzba cites global conflicts as backdrop for energy securitySouth Bow launches open season to gauge interest in Prairie Connector pipelineBy Amanda Stephenson CALGARY, March 6 (Reuters) - The company behind a plan to ...Reuters
12 hours ago
Iran conflict boosts U.S. Gulf oil prices to highest since 2020
By Siddharth Cavale NEW YORK, March 6 (Reuters) - U.S. Gulf Coast heavy grades continued to surge on Friday as the Iran conflict spurred several Middle Eastern producers of heavy crude to curtail production and drove buyers to scoop up U.S. barrels. Prices of Mars sour crude, the flagship cr...Reuters
13 hours ago
US Senator Kelly proposes suspending federal gas tax through October 1
By David ShepardsonWASHINGTON, March 6 (Reuters) - Democratic U.S. Senator Mark Kelly proposed on Friday suspending the 18.4-cent-per gallon federal gasoline tax through October 1 in a bid to help Americans who face rising prices at the pump due to the U.S.-Israeli war with Iran.Gas prices have rise...Reuters
13 hours ago
