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Russia says it shot down two British-supplied Storm Shadow missiles
MOSCOW, March 11 (Reuters) - Russian Defence Ministry said on Wednesday that its forces shot down two British-supplied Storm Shadow missiles over the past 24 hours, according to the RIA news agency.Earlier Ukraine said it had used Storm Shadow missiles to strike a key plant producing missile compone...Reuters
10 minutes ago
IEA to recommend release of strategic oil stocks on Iran war, sources say
LONDON/PARIS, March 11 (Reuters) - The International Energy Agency is recommending a release of oil from strategic reserves that would exceed 100 million barrels over the first month, two sources with knowledge of IEA discussions said on Wednesday.The IEA did not immediately respond to a request for...Reuters
10 minutes ago
Italy ready to hike taxes on energy firms to fight speculation, PM says
ROME, March 11 (Reuters) - Italy is considering cutting excise duties to soften fuel prices and is ready to hike taxes on firms responsible for taking undue benefits from the energy crisis, Prime Minister Giorgia Meloni said on Wednesday."We will do everything we can to prevent speculation on th...Reuters
16 minutes ago
China's NIO eyes overseas expansion, flagging memory chip shortage
NIO reports first-ever quarterly net profit, aims for 2026 break-evenMemory chip shortage raises costs, but NIO won't increase pricesEuropean market challenges include declining EV incentives, rising electricity costs SHANGHAI, March 11 (Reuters) - Chinese electric vehicle maker NIO 9866.HK a...Reuters
17 minutes ago
Three vessels hit by projectiles in Strait of Hormuz
DUBAI, March 11 (Reuters) - Three vessels have been hit by unknown projectiles in the Strait of Hormuz, maritime security agencies and sources said on Wednesday, as one of the strikes led to a fire onboard a ship and forced most of its crew to evacuate it. The Thailand-flagged bulk carrier Mayuree N...Reuters
18 minutes ago
Russia's Sakhalin-1 cut oil output by 10% in 2025
MOSCOW, March 11 (Reuters) - Oil production at Russia's Far-Eastern Sakhalin-1 project, abandoned by U.S. major ExxonMobil XOM.N, continued to decline last year, falling by 10.3% due to planned maintenance, regional authorities said.They didn't provide production volumes, which fell 9.8% in ...Reuters
19 minutes ago
Kazakhstan will produce 96 million to 98 million tons of oil in 2026, below plan
ASTANA, March 11 (Reuters) - Kazakhstan's energy minister Yerlan Akkenzhenov said on Wednesday that the country's 2026 oil production is expected to reach 96 million to 98 million metric tons, below its plan, and that production at the giant Tengiz field stood at 120,000 tons per day.Tengiz,...Reuters
22 minutes ago
Iran cannot possess nuclear weapons alongside missile capabilities, Italy PM says
ROME, March 11 (Reuters) - Iran cannot be allowed to acquire nuclear weapons alongside a missile capability that could soon enable it to strike Europe, Italian Prime Minister Giorgia Meloni said on Wednesday, warning that such a development could trigger a nuclear arms race."We cannot allow the ...Reuters
23 minutes ago
Iran war poses mixed risks, negative credit impact for Asia Pacific ports, airports, Fitch says
March 11 (Reuters) - Ratings agency Fitch said on Wednesday that port and airport operators in the Asia Pacific would face mixed, but increasingly negative, credit effects if Iran-linked shipping and airspace disruption persisted. The U.S.-Israeli war on Iran and Tehran's attacks on the Gulf hav...Reuters
32 minutes ago
Brent: Volatile slide after conflict headlines – Deutsche Bank
Deutsche Bank analysts describe a sharp reversal in Brent Oil as optimism over Iran-related supply risks grows. They highlight an -11% one-day drop in Brent, further weakness overnight, and swings driven by Saudi Aramco pipeline news, US political statements, and potential IEA reserve releases.Fxstreet
41 minutes ago
Return to Russian fuels would be a strategic blunder, von der Leyen says
BRUSSELS, March 11 (Reuters) - Europe would be making a strategic blunder if it sought to blunt soaring energy prices with a return to Russian fossil fuels, European Commission president Ursula von der Leyen said on Wednesday."In the current crisis, some argue that we should abandon our long-ter...Reuters
55 minutes ago
IEA proposes largest ever oil release from strategic reserves, WSJ says
March 11 (Reuters) - The International Energy Agency has proposed the largest release of oil reserves in its history to restrain soaring crude prices amid the U.S.-Israel war with Iran, the Wall Street Journal reported, citing officials familiar with the matter.The release would exceed the 182 milli...Reuters
an hour ago
Oil prices seesaw as markets weigh IEA reserves release, persistent supply concerns
WSJ reports IEA proposed largest-ever release of oil reservesFrance to host G7 leaders call on WednesdayU.S. crude, gasoline and distillate stocks fell last weekBy Katya Golubkova and Trixie Yap March 11 (Reuters) - Oil prices rebounded on Wednesday as markets doubted whether the International E...Reuters
2 hours ago
Rio Tinto revises Q2 Japan aluminium premium offer higher, sources say
TOKYO, March 11 (Reuters) - Rio Tinto RIO.L, RIO.AX offered Japanese buyers a revised premium offer of $350 per metric ton for April-June primary metal shipments, up 79% from the current quarter and 40% from its previous offer, two sources involved the quarterly talks said on Wednesday. Japan is a m...Reuters
2 hours ago
G7 Statement: Energy ministers support principle of using oil reserves
In a statement released on Wednesday, the G7 group of nations said that their energy ministers supported, in principle, the implementation of proactive measures to address the situation, including the use of strategic reserves, per Reuters.
Fxstreet
2 hours ago
China's NIO targets overseas sales of thousands of cars this year
BEIJING, March 11 (Reuters) - Chinese EV maker NIO 9866.HK aims to sell thousands of its cars overseas this year, as it expands abroad over the next two to three years, President Qin Lihong said on Wednesday.The comments came after NIO reported its first-ever quarterly net profit and forecast full y...Reuters
2 hours ago
Barclays Bank Says Potomac View Investments Completes Placing Of 60 Mln Harbour Energy Shares
March 11 (Reuters) - Barclays Bank PLC BARC.L: BARCLAYS BANK PLC HARBOUR ENERGY PLC - PRICING OF ACCELERATED PLACING IN HARBOUR ENERGYBARCLAYS BANK PLC HARBOUR ENERGY PLC - PRICING OF ACCELERATED PLACING IN HARBOUR ENERGYBARCLAYS BANK PLC - POTOMAC VIEW INVESTMENTS COMPLETES PLACING OF 60 MILLION ...Reuters
2 hours ago
Bulk carrier hit by projectile near Dubai, crew safe
DUBAI, March 11 (Reuters) - A bulk carrier was hit by an unknown projectile 50 nautical miles northwest of Dubai, United Arab Emirates, on Wednesday, according to the United Kingdom Maritime Trade Operations. The crew are reported safe and well, and authorities are investigating, UKMTO said.Reuters
2 hours ago
