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South Korea to impose fuel price cap to shield economy from energy shock
SEOUL, March 9 (Reuters) - South Korean President Lee Jae Myung said on Monday that authorities would cap domestic fuel prices for the first time in nearly 30 years to contain a spike in prices after the conflict in the Middle East sent global crude prices sharply higher.Speaking at an emergency mee...Reuters
11 minutes ago
PRECIOUS-Gold prices fall on firmer dollar, dimming rate-cut hopes
Dollar rises to over three-month highUS 10-year Treasury yields hit one-month highCrude oil prices rise over 20% Iran names Khamenei's hardline son Mojtaba as new supreme leaderBy Noel John March 9 (Reuters) - Gold fell about 2% on Monday, as a stronger U.S. dollar weighed on the greenback-pr...Reuters
17 minutes ago
South Korea to impose fuel price cap to shield economy from energy shock, president says
SEOUL, March 9 (Reuters) - South Korean President Lee Jae Myung said on Monday that authorities would cap domestic fuel prices for the first time in nearly 30 years to contain a spike in prices after the conflict in the Middle East sent global crude prices sharply higher.Speaking at an emergency cab...Reuters
33 minutes ago
INSTANT VIEW-Oil surges 20% as Iran war fuels supply fears
SINGAPORE, March 9 (Reuters) - Oil prices surged about 20% in early trade on Monday, hitting their highest since July 2022, as the expanding U.S.-Israeli war with Iran led some major Middle East oil producers to cut supplies and on concerns of prolonged disruption to shipping through the Strait of H...Reuters
36 minutes ago
GRAINS-Chicago soy, wheat, corn rise on oil rally, Iran war
BEIJING, March 9 (Reuters) - Chicago soybeans rose on Monday to their highest level since May 2024, buoyed by further gains in crude oil prices amid the ongoing U.S.-Israeli war with Iran.The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 climbed 2.46% to $12.30-1/4 a bushel, ...Reuters
56 minutes ago
Oil prices surge amid Middle East conflict, WTI climbs above $110.00 to 54-month highs
West Texas Intermediate (WTI) crude Oil price opened at a gap up, extending its winning streak for the fifth successive session, and is trading around $110.60 per barrel during the Asian hours on Monday.Fxstreet
57 minutes ago
Freeport LNG Reports Emissions From Pretreatment Flare - Community Alert
March 9 (Reuters) - FREEPORT LNG PRETREATMENT FACILITY REPORTS EMISSIONS FROM PRETREATMENT FLAREFREEPORT LNG PRETREATMENT FACILITY REPORTS DURING OPERATION OF FREEPORT LNG'S PRETREATMENT FACILITY, TRAINS 1, 2, AND 3 WERE QUICKLY TAKEN OFFLINE DUE TO AN ISSUE WITH THE FACILITY UTILITY SYSTEMSourc...Reuters
an hour ago
Iran names Khamenei's hardline son Mojtaba as new supreme leader, oil surges
(Reuters) - Iran on Monday named Mojtaba Khamenei to succeed his father Ali Khamenei as supreme leader, signaling that hardliners remain firmly in charge, as the week-old U.S.-Israeli war with Iran pushed oil above $100 a barrel.Reuters
an hour ago
Goldman Sachs raises 2Q26 TTF, JKM natural gas price forecasts
March 9 (Reuters) - GOLDMAN SACHS:SAYS LNG BALANCE REVISION LEADS TO FURTHER RAISING OF 2Q26 TTF PRICE FORECAST TO 63 EUR/MWH OR $22/MMBTU (FROM 45 EUR/MWH), INCLUDING APRIL/MAY CONTRACTS (TRADED DURING MARCH/APRIL) AT 75/70 EUR/MWH ($26/$24/MMBTU)RAISES 2Q26 JKM PRICE FORECAST TO $23/MMBTU (FROM $1...Reuters
an hour ago
Japan should use nuclear plants to offset Iran crisis, opposition party head says
TOKYO, March 9 (Reuters) - Japan should operate all of its nuclear power plants available to offset the impact of the Iran war on electricity bills, Yuichiro Tamaki, the leader of a Japanese opposition party, said on Monday.Japan relies on the Middle East for around 95% of its oil supplies and 11% o...Reuters
an hour ago
Silver Price Forecast: XAG/USD seems vulnerable; bears await acceptance below $80.00
Silver (XAG/USD) attracts heavy selling at the start of a new week and drops to a four-day trough during the Asian session. The white metal currently trades around mid-$80.00s, down 4% for the day, and seems vulnerable to slide further.
Fxstreet
2 hours ago
GRAINS-Chicago soy, wheat, corn rise on oil rally, Middle East tensions
BEIJING, March 9 (Reuters) - Chicago soybeans rose on Monday to their highest level since May 2024, buoyed by further gains in crude oil prices amid the ongoing U.S.-Israeli war with Iran.Wheat also saw sharp gains, reaching its highest level since June 2024, as fears of an escalating Middle East co...Reuters
2 hours ago
US energy chief defends waiver on Russian oil sanctions, blames fear for higher gas prices
Temporary waiver for Russian oil to India eases market pressure, US Energy Secretary Wright saysWright attributes price hikes to fear, not shortagesUS officials see higher gasoline prices as short-term issueBy Katharine Jackson and Curtis Williams WASHINGTON, March 8 (Reuters) - Trump administrat...Reuters
2 hours ago
INSTANT VIEW-Oil surges 20% as Iran war fuels supply fears
SINGAPORE, March 9 (Reuters) - Oil prices jumped about 20% in early trading on Monday, hitting their highest since July 2022, as the expanding U.S.-Israeli war with Iran fuelled fears of tighter supply and prolonged disruptions to shipments through the Strait of Hormuz. COMMENTARY:DANIEL HYNES, ...Reuters
3 hours ago
As Fukushima memories fade, Japan embraces a nuclear-powered future
Japan all but abandoned nuclear after disaster 15 years agoCostly fuel imports, energy crunch have hastened shift backPro-nuclear PM wants to accelerate restarts, advance new techTwo-thirds of young people now support restarts, poll showsBy Mariko Katsumura, John Geddie, Katya Golubkova and Nobuhiro...Reuters
3 hours ago
ROI-Compounding errors and narrow self-interest threaten global fuel crisis: Russell
By Clyde Russell LAUNCESTON, Australia, March 9 (Reuters) - Mounting miscalculations and a retreat to narrow self-interest by major countries, including the United States and China, are threatening to turn the current conflict in Iran into a global crisis for the supply of refined oil products.Mu...Reuters
3 hours ago
Gold slumps to near $5,050 on oil-driven inflation fears, stronger US Dollar
Gold price (XAU/USD) falls to around $5,065 during the early Asian session on Monday, pressured by a stronger US Dollar (USD) and inflationary risks. Traders will closely monitor the developments surrounding the US-Iran conflicts and geopolitical risks in the Middle East.Fxstreet
3 hours ago
