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Peru approves environmental study for $3.4 billion Buenaventura copper project
LIMA, March 11 (Reuters) - Peru on Wednesday approved an environmental study for Buenaventura BUENAVC1.LM, one of Peru's largest mining firms, to proceed with its southern Trapiche copper project with an estimated investment of $3.4 billion, the Andean nation's state certification office sa...Reuters
17 minutes ago
EU's von der Leyen: not the moment to relax sanctions on Russia
BRUSSELS, March 11 (Reuters) - European Commission President Ursula von der Leyen said capping the oil price would help limit Russia's revenues and that now was not the time to relax sanctions against Russia. "This is not the moment to relax sanctions on Russia," she said in a post on X,...Reuters
18 minutes ago
Iraq asks KRG to help pipe crude oil to Turkey, sources say
BAGHDAD, March 11 (Reuters) - Iraq has asked the Kurdistan Regional Government (KRG) if it would pump at least 100,000 barrels of crude per day from its state-managed Kirkuk oilfields to Turkey's Ceyhan port, two oil officials familiar with the matter told Reuters.Iraq's oil ministry sent a ...Reuters
19 minutes ago
Argent LNG asks DOE for permission to export 25 million metric tons of US LNG
Argent LNG seeks DOE approval for exports to various countriesCompany aims for final investment decision within two yearsNon-binding agreements with Turkey and Bangladesh for LNG supplyBy Curtis Williams HOUSTON, March 11 (Reuters) - Argent LNG, which is developing a 25 million metric tons per an...Reuters
24 minutes ago
Iran has laid about a dozen mines in Strait of Hormuz, sources say
WASHINGTON, March 11 (Reuters) - Iran has deployed about a dozen mines in the Strait of Hormuz, two sources familiar with the matter said, in a move likely to complicate the reopening of the narrow waterway, an important route for shipping oil and liquefied natural gas.Exports of oil and LNG th...Reuters
43 minutes ago
Oil prices up 4% as supply fears mount despite record stocks release plan
IEA proposes release of 400 mln bbls over unspecified time frameAnalysts say release insufficient to ease MidEast supply woesThree more vessels hit in Strait of HormuzUS crude oil stocks rise more than expected, fuel stocks dropBy Shariq Khan NEW YORK, March 11 (Reuters) - Oil prices gained n...Reuters
43 minutes ago
WRAPUP 8-Iran tells world to get ready for oil at $200 a barrel as it fires on merchant ships
Three ships hit in the GulfIEA proposes biggest-ever release of strategic oil reservesExplosions in Bahrain and DubaiBy Parisa Hafezi and Alexander Cornwell DUBAI/TEL AVIV, March 11 (Reuters) - Iran said the world should be prepared for oil to hit $200 a barrel as its forces attacked merchant shi...Reuters
44 minutes ago
Mercuria to withdraw nearly 100,000 tonnes of aluminium from LME as Middle East supply disrupted, sources say
Mercuria cancels nearly 100,000 tons aluminium in LME warehousesAluminium premiums soar in US and Europe due to shortagesBy Pratima Desai LONDON, March 11 (Reuters) - Commodity trader Mercuria plans to withdraw large volumes of aluminium from LME warehouses, according to three sources, as the shu...Reuters
51 minutes ago
IEA announces record release of strategic stocks in response to Iran war oil price surge
IEA agrees to release record amount of oil in response to crisisG7 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 Energy Agency on...Reuters
52 minutes ago
Japan to release part of its oil reserves ahead of IEA-led action, PM says
Japan to release around 80 million barrels of oil from stockpile, or 45 days of its consumptionPrivate reserves to be released first, followed by national stockpilesIEA recommends coordinated release of 400 million barrelsJapan's planned release will be part of IEA-led moveBy Yuka Obayashi and K...Reuters
57 minutes ago
India says it supports IEA's release of 400 million barrels of oil
March 11 (Reuters) - The Indian government on Wednesday said that it welcomes the decision from the International Energy Agency to release emergency oil stocks amid the prevailing supply disruptions.The IEA agreed to release 400 million barrels of oil, the largest such move in its history, to try to...Reuters
59 minutes ago
"We are having a tremendous impact," Trump says in G7 call after IEA decision on oil stocks
PARIS, March 11 (Reuters) - U.S. President Donald Trump praised the "tremendous impact" of decisions being made on Wednesday as leaders of the Group of Seven Nations met to discuss war in Iran and its economic consequences, according to a short videoclip shared by the French presidency."...Reuters
an hour ago
UN warns global aid at risk as Middle East war spreads
By Olivia Le Poidevin GENEVA, March 11 (Reuters) - The United Nations aid chief warned on Wednesday that the conflict in the Middle East is straining humanitarian operations worldwide, disrupting supply chains and slowing the delivery of life‑saving assistance to numerous crisis zones.“We are in ...Reuters
an hour ago
Falling prices steer US buyers toward used electric vehicles
By Nathan Gomes March 11 (Reuters) - Steep depreciation and improving reliability are drawing more Americans to used electric vehicles, turning the pre-owned market into a key entry point for buyers priced out of new EVs as federal incentives fade.Falling resale prices that are also driven by rap...Reuters
an hour ago
US Gulf Coast crude oil inventories at near two-year high, EIA says
NEW YORK, March 11 (Reuters) - U.S. Gulf Coast crude oil inventories rose last week to the highest level in nearly two years, the Energy Information Administration (EIA) said on Wednesday.Crude oil stocks at the Gulf Coast rose by 6.91 million barrels to 257.35 million barrels, their highest since J...Reuters
an hour ago
Maersk halts operations at Port of Salalah in Oman after incident
COPENHAGEN, March 11 (Reuters) - Maersk MAERSKb.CO said on Wednesday that all operations at the Port of Salalah in Oman had been paused until further notice.The company added this came in response to an ongoing incident near the general cargo terminal in Salalah, without providing further detail.Reuters
an hour ago
U.S. military tells civilians to avoid port facilities where Iranian navy operating
WASHINGTON, March 11 (Reuters) - The U.S. military on Wednesday warned civilians to leave port facilities where Iranian naval forces are operating, adding that U.S. forces could not guarantee their safety."Iranian dockworkers, administrative personnel, and commercial vessel crews should avoid Ir...Reuters
an hour ago
Bayer takes its battle on pesticide liability to Kansas
Kansas bill aims to shield pesticide makers from some cancer lawsuitsAgriculture company Bayer faces losses from litigationTrump's executive order on glyphosate pesticides sparks backlash from MAHA coalitionBy Renee Hickman CHICAGO, March 10 (Reuters) - Kansas lawmakers were set to vote on a ...Reuters
2 hours ago
US natgas futures rise 3%, tracking global energy price gains
By Anjana Anil March 11 (Reuters) - U.S. natural gas futures rose more than 3% on Wednesday as global energy prices climbed, with traders closely monitoring the Middle East conflict to gauge supply disruptions and its impact on the market.Front-month gas futures NGc1 for April delivery on the New...Reuters
2 hours ago
US navy aircraft transits Taiwan Strait ahead of Trump's planned China visit
TAIPEI, March 11 (Reuters) - A U.S. Navy P-8A Poseidon aircraft transited the Taiwan Strait in international airspace on Wednesday, in a move the U.S. 7th Fleet said "demonstrates the United States' commitment to a free and open Indo-Pacific."The transit precedes U.S. President Donald Tr...Reuters
2 hours ago
