News
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Equinor has no spare oil and gas capacity, CEO says
By Nora BuliOSLO, March 12 (Reuters) - Norway's Equinor EQNR.OL does not have spare capacity to lift its oil and gas output amid supply shortfalls from Middle East producers, the state controlled company's CEO said on Thursday."Our focus today is to make sure that we can be seen as a rel...Reuters
4 minutes ago
US energy chief says he will OK future posts after errant Navy escort post
WASHINGTON, March 12 (Reuters) - U.S. Energy Secretary Chris Wright on Thursday took responsibility for a social media post from his account that incorrectly stated the U.S. Navy had escorted an oil tanker through the Strait of Hormuz.Wright said in an interview with Fox News' "America's...Reuters
5 minutes ago
US energy chief sees 'a few weeks' of energy market disruption
WASHINGTON, March 12 (Reuters) - U.S. President Donald Trump is concerned about the impact of rising energy prices on American consumers, U.S. Energy Secretary Chris Wright told Fox News in an interview on Thursday, adding that just "a few weeks of disruption in energy markets" was expected...Reuters
6 minutes ago
US sues California over zero emission vehicle, greenhouse gas rules
By David ShepardsonWASHINGTON, March 12 (Reuters) - The Trump administration on Thursday sued the state of California, claiming the state's zero-emission vehicle and tailpipe greenhouse gas emissions rules are illegal and preempted by federal law.The U.S. Transportation Department sued the Calif...Reuters
8 minutes ago
US natgas futures rise ahead of storage report as Iran conflict drives demand
Colder weather boosts heating demand, impacting natural gas pricesTexas Waha Hub prices remain negative due to pipeline constraintsU.S. gas output rises, storage levels seen slightly below normalBy Scott DiSavino NEW YORK, March 12 (Reuters) - U.S. natural gas futures edged up to a fresh four-wee...Reuters
10 minutes ago
Iran Supreme Leader Mojtaba Khamenei: Closure of Strait of Hormuz should continue to pressure enemy
The new Supreme Leader of Iran, Mojtaba Khamenei, issued his first statement, which was shared on Iranian TV. Khamenei said that attacks on neighboring bases will inevitably continue and that Iran will not refrain from avenging the blood of its martyrs.
Fxstreet
21 minutes ago
Europe should not cap gas prices, Norway's prime minister says
OSLO, March 12 (Reuters) - Europe should refrain from capping the market price of natural gas even if costs are soaring due to the war in the Middle East, the prime minister of major supplier Norway said on Thursday.The continent's benchmark front-month TTF gas contract TFMBMc1 has risen some 60...Reuters
24 minutes ago
Tanker was attacked in Iraqi waters during transfer, operator says
The Zefyros was carrying condensate products from Basra Gas CoAll 23 crew safe and accounted forAt least 16 vessels have been attacked in Gulf during war LONDON, March 12 (Reuters) - The Zefyros tanker was struck by a projectile overnight during a ship-to-ship transfer in Iraqi waters, its Greece...Reuters
31 minutes ago
How US-Israeli war on Iran is upending global business
March 12 (Reuters) - The U.S.-Israeli war on Iran is rattling businesses worldwide, driving up energy prices, squeezing supplies of critical raw materials and raising questions about the reliability of trade routes critical to the flow of goods from food to car parts.Below are the main disruptions s...Reuters
32 minutes ago
US forecaster sees La Niña ending soon, El Niño likely by mid-2026
March 11 (Reuters) - La Niña is expected to shift to El Nino-Southern Oscillation‑neutral conditions in the coming month, with neutral conditions with 55% chances through the May–July period, the U.S. Climate Prediction Center said on Thursday.The U.S. weather forecaster added that El Nino has a 62%...Reuters
34 minutes ago
US Cash Grains-Soy, corn basis steady-mixed as farmer selling eases
CHICAGO, March 12 (Reuters) - Basis bids for corn and soybeans were flat to mixed in the U.S. Midwest on Thursday as a wave of farmer selling that began early in the week petered out, though futures continued to rise.Farmers had earlier taken advantage of a massive rally in agricultural commodities ...Reuters
38 minutes ago
METALS-Aluminium nears four-year high on Middle East supply fears
By Polina Devitt LONDON, March 12 (Reuters) - Aluminium prices hit their highest level in almost four years on Thursday on investor worries of tighter supply to Europe and other regions as the Middle East conflict disrupts shipments via the Strait of Hormuz.Benchmark three-month aluminium CMAL3 o...Reuters
45 minutes ago
Russia condemns Trump comments on 'takeover' of Cuba
MOSCOW, March 12 (Reuters) - Russia condemned on Thursday what it called blackmail and threats by U.S. President Donald Trump to initiate a "takeover" of Cuba, a traditional ally of Moscow.Russian Foreign Ministry spokeswoman Maria Zakharova said Moscow would provide all possible political a...Reuters
47 minutes ago
Iran's Supreme Leader Mojtaba Khamenei says Strait of Hormuz should remain shut
DUBAI, March 12 (Reuters) - Iranian Supreme Leader Mojtaba Khamenei said on Thursday the Strait of Hormuz should remain closed as a tool of pressure.In a message read out by a state TV broadcaster, the first the new supreme leader has issued since he was appointed to succeed his slain father, Mojtab...Reuters
49 minutes ago
Induction stoves fly off shelves in India as gas shortage fears spark panic buying
By Praveen Paramasivam CHENNAI, March 12 (Reuters) - Indian households are rushing to buy electric induction stoves, draining stocks online and in stores, amid fears of a potential cooking gas shortage tied to the Middle East conflict.India, the world's second-largest importer of liquefied p...Reuters
50 minutes ago
Romania announces state aid scheme for transporters of cargo and passengers
BUCHAREST, March 12 (Reuters) - Romania plans to partially offset gasoline prices for road transporters of cargo and passengers until April 2027 as part of a 652 million lei ($147.56 million) state aid scheme, the finance ministry said on Thursday. The support scheme will benefit an estimated 6200 f...Reuters
55 minutes ago
PRECIOUS-Gold steadies as safe-haven flows offset strong dollar and reduced rate‑cut bets
Oil tankers burn after Iranian strikesUS dollar up for third straight session BMI expects silver to average $93/oz in 2026By Ashitha Shivaprasad March 12 (Reuters) - Gold prices held nearly steady on Thursday, as support from safe-haven demand was offset by a stronger dollar and reduced expectati...Reuters
56 minutes ago
ANALYSIS-Helium prices soar as Qatar LNG halt exposes fragile supply chain
By Arunima Kumar, Sumit Saha and Toby Sterling March 12 (Reuters) - Disruptions to Qatar's natural gas processing from the Iran war have driven helium prices sharply higher, exposing the fragility of a small but critical market that supports industries from semiconductors to medical imaging. ...Reuters
59 minutes ago
CBOT Trends-Wheat up 7-9 cents, corn up 3-5, soybeans up 5-15
CHICAGO, March 12 (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 Thursday: WHEAT - Up 7 to 9 cents per bushelWheat turned higher on the escalating U.S.-Israel war with Iran. Wheat is...Reuters
an hour ago
