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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 more vessels have been hit by unknown projectiles in the Strait of Hormuz, maritime security and...Reuters
12 minutes ago
Hungary sends Druzhba fact-finding mission to Ukraine, deputy minister says
Four-member group to look into Druzhba outageUkraine says fact-finding mission has no official statusBudapest and Kyiv at loggerheads over outage BUDAPEST, March 11 (Reuters) - Hungary has sent a fact-finding mission to Ukraine to investigate the suspension of oil transit through the Druzhba pipe...Reuters
16 minutes ago
Japan to release around 80 million barrels from emergency oil stocks
TOKYO, March 11 (Reuters) - Japan plans to release around 80 million barrels from its private and national oil reserves, the Ministry of Economy, Trade and Industry said on Wednesday, to help calm global oil markets and prevent supply shortages caused by the Iran war.Japan would suffer the greatest ...Reuters
23 minutes ago
CBOT Trends-Wheat up 7-8 cents, corn up 6-7, soybeans up 17-20
CHICAGO, March 11 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Wednesday: WHEAT - Up 7 to 8 cents per bushelWheat ticked up under support from the escalating U.S.-Israeli war on Ir...Reuters
24 minutes ago
EXCLUSIVE-Shell declares force majeure to clients who buy Qatari LNG, sources say
Shell has long partnerships with QatarEnergyQatar halted production at 77 mtpa LNG facilityBy Marwa RashadLONDON, March 11 (Reuters) - Shell SHEL.L, the world's largest liquefied natural gas trader, has declared force majeure on LNG cargoes it buys from QatarEnergy and sells to its clients world...Reuters
34 minutes ago
Babybel cheese maker expands South Dakota plant as weight loss drugs help stoke demand
By Nicholas P. Brown NEW YORK, March 11 (Reuters) - Bel Group, the French company famous for cheese snacks like Babybel and Laughing Cow, broke ground on Wednesday on a $200 million project to double capacity at its Brookings, South Dakota, Babybel plant, moving to meet healthy snack demand from ...Reuters
42 minutes ago
OPEC confirms big Saudi oil production hike ahead of Iran war, holds forecasts steady
LONDON, March 11 (Reuters) - OPEC said on Wednesday that Saudi Arabia sharply increased oil production in February ahead of U.S. and Israeli strikes on Iran and kept its forecasts for relatively strong global oil demand growth this year, according to a draft of its monthly report seen by Reuters.Sa...Reuters
42 minutes ago
Germany to release oil reserves in global push to tackle Iran war energy price surge
Germany to release 19.51 million barrels of oil reservesIEA's largest oil release amid U.S.-Israeli war with IranGermany plans to limit petrol price increases, tighten antitrust regulation BERLIN, March 11 (Reuters) - Germany will release part of its oil reserves after the International Energ...Reuters
43 minutes ago
EU considering gas price cap to curb surging energy costs
EU drafting proposals to relieve industries from high energy costsGas price cap divides EU governments, similar to 2022 energy crisisVon der Leyen warns against returning to Russian energy sourcesBy Kate Abnett and Charlotte Van Campenhout BRUSSELS, March 11 (Reuters) - The European Union is cons...Reuters
44 minutes ago
US Energy Department blames staff for errant Navy escort post
March 11 (Reuters) - Staff at the U.S. Department of Energy were responsible for a post on Energy Secretary Chris Wright's official X account on Tuesday that had incorrectly stated the U.S. Navy escorted an oil tanker through the Strait of Hormuz, according to a department spokesperson.The post,...Reuters
53 minutes ago
Oil reserves could alleviate temporary energy problem, US official Burgum tells Fox News
WASHINGTON, March 11 (Reuters) - Oil reserves could be used to counter a "temporary transit problem" that is causing oil prices to spike as strikes continue in Iran, U.S. Interior Secretary Doug Burgum told Fox News on Wednesday. "Certainly these are the kinds of moments that these reser...Reuters
an hour 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
an hour ago
WRAPUP 6-Iran tells world 'get ready for $200 a barrel'
Three ships hit in the GulfIEA 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's military command said on Wednesday the world should be prepared for oil to hit $200 a barr...Reuters
an hour ago
Ara Partners unit in $875 million deal for power, ethanol assets
March 11 (Reuters) - Private markets firm Ara Partners said on Wednesday its energy unit will buy Gate City Power and Gate City Renewable Fuels portfolios from HF Capital while also picking up an interest in the JET retail network for a total of about $875 million. The acquisition adds roughly 2.2 g...Reuters
an hour ago
Oil prices rise as supply fears persist despite IEA plan for record reserve release
IEA to recommend release of 400 mln bbls over at least 2 monthsFrance to host G7 leaders call on WednesdayU.S. crude, gasoline and distillate stocks fell last weekBy Ahmad Ghaddar LONDON, March 11 (Reuters) - Oil prices rebounded on Wednesday as markets doubted whether the International Energy A...Reuters
an hour ago
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
an hour 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
2 hours 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
2 hours 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
2 hours ago
