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Trump administration may loosen US shipping rules to combat fuel price spike, White House says
By Jarrett RenshawWASHINGTON, March 12 (Reuters) - The Trump administration is considering waiving the century-old Jones Act for a limited period to ensure energy and agricultural shipments can move freely between U.S. ports, press secretary Karoline Leavitt said on Thursday, in a bid to combat Iran...Reuters
7 minutes ago
Saudi Aramco In Talks To Buy Ukrainian Drones To Protect Oil Fields - WSJ
March 12 (Reuters) - SAUDI ARAMCO IN TALKS TO BUY UKRAINIAN DRONES TO PROTECT OIL FIELDS - WSJARAMCO IS TALKING TO UKRAINIAN COMPANIES SKYFALL AND WILD HORNETS - WSJSource text: https://tinyurl.com/63crpe7aReuters
21 minutes ago
Kazakhstan's Tengiz field recovers daily oil output, but average March production lags target, sources say
MOSCOW, March 12 (Reuters) - Oil output at Kazakhstan’s largest Tengiz field rose to 810,000 barrels on March 11, but averaged 495,000 barrels per day (bpd) over the first 10 days of this month on average, lagging the capacity target, two industry sources said.According to the sources, average produ...Reuters
22 minutes ago
Russian foreign minister to meet IAEA chief on Friday, TASS reports
MOSCOW, March 12 (Reuters) - Russian Foreign Minister Sergei Lavrov is set to meet International Atomic Energy Agency Director General Rafael Grossi in Moscow on Friday, Russia's state-run TASS news agency reported.Reuters
23 minutes ago
Oil unlikely to hit $200 a barrel, US energy chief says
Energy chief Wright says spike to last weeks not monthsOil higher despite plan for record draw from global reservesBrent oil hit price of $147 a barrel in 2008Strait of Hormuz closure affects both global prices and supplyBy Timothy Gardner and Susan Heavey WASHINGTON, March 12 (Reuters) - U.S. En...Reuters
35 minutes ago
Two U.S. sailors injured after non-combat fire aboard carrier in Red Sea
WASHINGTON, March 12 (Reuters) - Two U.S. sailors were injured after the USS Gerald Ford suffered a non-combat-related fire on board, the U.S. military said on Thursday.The Ford carrier, the United States' newest aircraft carrier and the world's largest, is taking part in operations against ...Reuters
54 minutes ago
US natgas futures edge up to four-week high as Iran conflict drives demand
EIA reports smaller-than-expected gas storage withdrawalWaha Hub prices negative for record 25 days due to pipeline constraintsU.S. gas demand forecast to rise next week amid cooler weatherBy Scott DiSavino NEW YORK, March 12 (Reuters) - U.S. natural gas futures edged up to a fresh four-week high...Reuters
55 minutes ago
Trump administration tells oil industry to prepare for Jones Act waiver on domestic shipping, sources say
WASHINGTON, March 12 (Reuters) - The Trump administration has told U.S. oil companies and shipping groups to prepare for a potential waiver of the century-old Jones Act governing domestic shipping, signaling the White House could soon ease restrictions to help move fuel around the country, two sourc...Reuters
59 minutes ago
Norway forbids Norwegian-flagged ships to enter Strait of Hormuz
COPENHAGEN, March 12 (Reuters) - Norway's maritime authority said on Thursday that Norwegian-flagged ships will not be permitted to enter the Strait of Hormuz until further notice, due to the escalating security situation after the U.S.-Israeli attacks on Iran."Given how the situation has de...Reuters
59 minutes ago
UK exploring additional Gulf deployments after minehunter withdrawal
LONDON, March 12 (Reuters) - Britain is exploring additional options for deployments to the Gulf after Iran stepped up attacks on vessels, defence minister John Healey said on Thursday, adding that the UK already has autonomous mine hunting systems in the region. The Royal Navy (RN) said last week i...Reuters
an hour ago
Oil gains 9% as Iran says Strait of Hormuz closure to continue
Iran's supreme leader says will keep Strait of Hormuz closedIranian boats attacked two tankers in Iraqi waters, port officials saidIEA release of 400 million barrels may offer only limited relief, analysts sayBy Siddharth Cavale NEW YORK, March 12 (Reuters) - Oil prices rose about 9% on Thurs...Reuters
an hour ago
PRECIOUS-Gold slips on strong dollar, easing rate-cut bets
Iran's supreme leader vows to keep Strait of Hormuz closedUS dollar up for third straight session BMI expects silver to average $93/oz in 2026By Ashitha Shivaprasad March 12 (Reuters) - Gold prices edged lower on Thursday as a stronger dollar and diminishing hopes for a reduction in borro...Reuters
an hour ago
Two U.S. sailors injured after non-combat fire aboard carrier in Red Sea
WASHINGTON, March 12 (Reuters) - Two U.S. sailors were injured after the USS Gerald Ford suffered a non-combat-related fire on board, the U.S. military said on Thursday.In a statement, the military said the sailors were receiving medical treatment for non-life-threatening injuries and were in stable...Reuters
an hour ago
Ashtrom's Unit Signs $200 Mln Financing For El Patrimonio Solar Project
March 12 (Reuters) - Ashtrom Group Ltd ASHG.TA:ASHTROM GROUP LTD - UNIT SIGNS $200 MILLION FINANCING FOR EL PATRIMONIO SOLAR PROJECT IN TEXASASHTROM GROUP LTD - EL PATRIMONIO PROJECT EXPECTED TO COMPLETE IN 2027ASHTROM GROUP LTD - EL PATRIMONIO TO SUPPLY ELECTRICITY TO 37,000 HOUSEHOLDS, REDUCE CARB...Reuters
an hour ago
World faces largest-ever oil supply disruption on Middle East war, IEA says
Global supply to drop by 8 million bpd in March due to Strait of Hormuz blockadeMiddle East Gulf countries cut oil production by 10 million bpdIEA says recovery of production could take weeks or monthsIEA head says oil reserve release had 'strong impact' on marketsBy Alex Lawler LONDON, M...Reuters
2 hours ago
Iraq to keep crude output at 1.4 million bpd amid war disruption, oil minister says
DUBAI, March 12 (Reuters) - Iraq will keep crude oil production at around 1.4 million barrels per day, Oil Minister Hayan Abdel-Ghani was quoted as saying on Thursday, less than a third of the level before the U.S.-Israeli conflict with Iran. According to the state news agency, the minister said tha...Reuters
2 hours ago
Low-sulphur gasoil deliveries for March fall at expiry, ICE data shows
March 12 - Deliveries of low-sulphur gasoil LGOc1 for March fell to 2,659 lots or 265,900 tons at expiry, down from 2,716 lots in February, Intercontinental Exchange data showed on Thursday.The contract expired at 1,141.5 a ton.Reuters
2 hours ago
US Plains HRW Wheat-Basis bids steady-higher as farmer selling slows
CHICAGO, March 12 (Reuters) - Basis bids for hard red winter wheat were steady to stronger in the U.S. Plains on Thursday as farmer selling petered out, dealers said.Farmers are waiting for Kansas City July hard red winter wheat futures KWN26 to rise above $6.50 a bushel, as it had earlier in the we...Reuters
2 hours ago
