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Mauritius' Alphamin Q4 EBITDA rises on higher tin prices
OverviewMauritius tin miner's Q4 EBITDA rose 13% quarter-over-quarter, supported by higher tin pricesQ4 tin production fell 4% from prior quarter as throughput was reduced to balance tin in plantFY2025 EBITDA increased 25% yr/yr, driven by higher production, sales and tin pricesOutlookAlphamin s...Reuters
12 minutes ago
GRAINS-Soybeans hold firm as crude oil regains ground
BEIJING/PARIS, March 11 (Reuters) - Chicago soybean futures rose on Wednesday as crude oil recovered from a day-earlier plunge while investors wrestled with disruption caused by the U.S.-Israeli war with Iran.Corn and wheat were also higher, steadying after a two-session fall.The most-active soybean...Reuters
17 minutes ago
Iran says oil will reach $200 a barrel, warns of 'continuous strikes'
DUBAI, March 11 (Reuters) - Iran will switch from "reciprocal hits" after attacks to continuous strikes on adversaries, and the U.S. will not be able to control oil prices, the spokesperson for Tehran's Khatam al-Anbiya military command headquarters said on Wednesday. "We won't a...Reuters
20 minutes ago
SLB Suspends Travel And Demobilizes Operations In Several Middle East Countries
March 11 (Reuters) - Slb NV SLB.N:SLB PROVIDES UPDATE ON MIDDLE EAST OPERATIONS AND FIRST QUARTER OUTLOOKSLB - SUSPENDS TRAVEL AND DEMOBILIZES OPERATIONS IN SEVERAL MIDDLE EAST COUNTRIESSLB - EXPECTS Q1 REVENUE BELOW EXPECTATIONS AND 6-9 CENTS EPS IMPACTSLB - SLB REVENUE FOR Q1 WILL BE LOWER THAN E...Reuters
21 minutes ago
Oil: Reserve release and conflict-driven supply risks – MUFG
MUFG’s Head of Research Derek Halpenny reports that the IEA has proposed a record Oil reserve release of 300–400 million barrels, potentially covering 15–20 days of Strait of Hormuz flows and easing supply constraints for several weeks.
Fxstreet
23 minutes ago
Gold stalls below $5,200 as markets brace for US inflation data
Gold (XAU/USD) trades with a mild downside bias on Wednesday, failing to build on the previous day’s gains as the US Dollar (USD) rebounds and Treasury yields edge higher ahead of the US inflation data at 12:30 GMT.Fxstreet
29 minutes ago
IEA to propose record release of strategic stocks in response to Iran war oil price surge
IEA plans to release 400 million barrels over at least two months, sources sayG7 leaders to discuss strategic reserves amid rising oil pricesOil prices rebound as markets doubt IEA's plan effectivenessBy America Hernandez and Alex Lawler PARIS/LONDON, March 11 (Reuters) - The International En...Reuters
33 minutes ago
Three more vessels hit by projectiles in Strait of Hormuz, showing merchant ships remain in firing line
Thailand-flagged bulk carrier damaged off OmanMost crew evacuated, three feared missingJapan-flagged container ship and Greek-owned bulk carrier sustain minor damage DUBAI, March 11 (Reuters) - Three vessels have been hit by unknown projectiles in the Strait of Hormuz, maritime security and risk...Reuters
35 minutes ago
WRAPUP 5-Iran fires back at bases and ships despite war's most intensive strikes
Three ships hit in the GulfIAE to propose fastest ever release of strategic oil reservesExplosions in Bahrain and DubaiBy Parisa Hafezi and Alexander Cornwell DUBAI/TEL AVIV, March 11 (Reuters) - Iran fired at Israel and targets across the Middle East on Wednesday, while at least three ships were...Reuters
40 minutes ago
PRECIOUS-Gold steady as rising oil prices, inflation woes curb safe-haven demand
Oil prices climb over 5%US, Israel trade airstrikes with IranUS dollar, 10-year Treasury yields riseUS Consumer Price Index data due later in the dayBy Ishaan Arora March 11 (Reuters) - Gold was largely steady on Wednesday, as higher oil prices fueled worries of a spike in inflation and tempered ...Reuters
45 minutes ago
Germany to release oil reserves after IEA request, minister says
March 11 (Reuters) - Germany will release part of its oil reserves after the International Energy Agency (IEA) recommended the release of 400 million barrels of oil from stockpiles, the largest such move in IEA history, Germany's Economy Minister Katherina Reiche said on Wednesday. Speaking to r...Reuters
49 minutes ago
Forward prices suggest markets expect Iran conflict to be short, Uniper CEO says
DUESSELDORF, March 11 (Reuters) - Forward prices suggest that markets expect a short-term conflict in the Middle East region, where the United States and Israel have started a war on Iran, the CEO of German state-owned utility Uniper UN0k.DE said on Wednesday.While forward prices for gas and power i...Reuters
59 minutes ago
Germany to release oil reserves after IEA request, minister says
March 11 (Reuters) - Germany will release part of its oil reserves after the International Energy Agency (IEA) recommended the release of 400 million barrels of oil from reserves, the largest such move in IEA history, Germany's Economy Minister Katherina Reiche said on Wednesday. Speaking to rep...Reuters
an hour ago
NORDIC POWER-Front-quarter prices edge down on wet weather forecast
March 11 (Reuters) - Nordic front-quarter prices slipped on Wednesday, pressured by forecasts of wet weather and improving water reserves in the hydropower-dependent region. Nordic front-quarter baseload power contract ENOFBLQc1 fell 1.25 euros, or 2.4%, to 51.1 per megawatt hour (MWh) at 1104 GMT. ...Reuters
an hour ago
Hungary sends Druzhba fact-finding mission to Ukraine, deputy minister says
BUDAPEST, March 11 (Reuters) - Hungary has sent a fact-finding mission to Ukraine to investigate the Druzhba pipeline outage, officials said on Wednesday, as Budapest looks to restart flows of oil amid rising global prices linked to the war in the Middle East.The Druzhba pipeline has become the focu...Reuters
an hour ago
Japan to release part of oil reserves ahead of IEA-led decision, PM says
By Kantaro Komiya and Katya Golubkova TOKYO, March 11 (Reuters) - Japan plans to release 15 days' worth of private-sector oil reserves and one month's worth of state oil reserves, Prime Minister Sanae Takaichi said on Wednesday, ahead of the International Energy Agency-led action. T...Reuters
an hour ago
Shipper MSC announces fuel surcharge for Asia to US and Canada trade
March 11 (Reuters) - Shipping company MSC on Wednesday announced an emergency fuel surcharge on trade from Asia to the U.S. and Canada due to a surge in bunker costs amid geopolitical tensions.Effective from April 9, MSC said the surcharge would be $125 and $136 per 20-foot dry cargo from Asia to th...Reuters
an hour ago
REFILE-METALS-Aluminium rallies, spotlight on Middle East turmoil
By Pratima Desai LONDON, March 11 (Reuters) - Aluminium prices rallied on Wednesday as focus switched to pricing in global supply losses from the Middle East conflict, after a brief selloff triggered by comments from U.S. President Donald Trump on the Iran war.Benchmark aluminium CMAL3 on the Lon...Reuters
an hour ago
Campbell's cuts annual forecasts amid macroeconomic pressures
March 11 (Reuters) - Campbell's Co CPB.O cut its annual sales and profit forecasts on Wednesday, as the packaged food company expects demand to be weighed by budget-conscious consumers' shift toward cheaper alternatives amid rising macroeconomic uncertainty.Campbell's price hikes in rece...Reuters
an hour ago
