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Japan Ready To Act Against Sharp Yen Swings, Finance Minister Says
TOKYO, March 13 (Reuters) - Japan is ready to take whatever steps are necessary at all times against sharp swings in foreign exchange and other financial markets, which have a huge impact on people's livelihoods, Finance Minister Satsuki Katayama said on Friday.
Reuters
an hour ago
Oil heads for weekly gains despite US sanctions waiver on Russian oil
Measures aimed at easing supply tightness fail to calm markets Disruption of trade through Strait of Hormuz is 'fundamental' Brent more susceptible to energy security issues than WTI By Jeslyn Lerh and Sam Li SINGAPORE, March 13 (Reuters) - Oil prices headed for weekly gains as of Friday,...Reuters
7 minutes ago
USW members vote to reject BP's final offer to Whiting refinery workers
March 12 (Reuters) - The U.S. United SteelWorkers (USW) union members voted on Thursday to overwhelmingly reject what energy giant BP BP.L called its "last, best, and final" contract proposal to those working at its Whiting refinery in Indiana.The USW stated in a release that "an unprece...Reuters
9 minutes ago
PRECIOUS-Gold set for weekly drop as oil price surge weighs on rate-cut hopes
Iran's supreme leader vows to keep Strait of Hormuz closedGold down about 1% so far this weekUS January PCE data due later in the dayBy Noel John March 13 (Reuters) - Gold prices were on track for a second consecutive weekly drop, despite rising on Friday, as surging energy prices dimmed ...Reuters
22 minutes ago
BREAKINGVIEWS-Iran war shows up folly of slow energy transition
By Antony CurrieMELBOURNE, March 13 (Reuters Breakingviews) - If only there was a way to reduce the fat tail risks generated by the Strait of Hormuz. The effective closure of the roughly 100-mile-long passage due to the U.S.-Israel attacks on Iran has sent fuel prices soaring and prompted countries ...Reuters
24 minutes ago
LyondellBasell reports fire at Bayport, Texas, site
March 12 (Reuters) - LyondellBasell LYB.N late on Thursday said a fire has occurred at its Bayport, Texas, site at about 9 p.m and added that all personnel are safe and accounted for. "Our on‑facility firefighting and incident response teams were immediately activated and are working to contai...Reuters
28 minutes ago
Air freight rates soar as Middle East conflict blocks trade routes
South Asia-Europe rates up 70% since start of Iran war - FreightosMore than 100 container ships blocked in Strait of HormuzSome Indian generic drugmakers switching from sea freight to air, industry expert saysBy Allison Lampert and Lisa Baertlein March 13 (Reuters) - Air freight rates have risen ...Reuters
59 minutes ago
ADNOC cut crude volume for onshore partners by about a fifth for March, Bloomberg News reports
March 13 (Reuters) - Abu Dhabi National Oil Co cut the volume of crude for onshore partners by about a fifth for March, though flows will still go to a port outside the Strait of Hormuz, Bloomberg News reported on Friday, citing people familiar with the matter.The oil producer told equity partners t...Reuters
an hour ago
LyondellBasell Reports Operational Upset at Bayport Choate Site, Texas
March 12 (Reuters) - LYONDELLBASELL LYB.N:REPORTS OPERATIONAL UPSET AT BAYPORT CHOATE SITE, PASADENA, TXREPORTS THE COMMUNITY MAY SEE BRIGHT FLAMES OR SMOKE; AREA LAW ENFORCEMENT AND FIRE DEPARTMENTS WILL ISSUE ANY PUBLIC NOTICE IF WARRANTEDREPORTS IT IS WORKING QUICKLY TO RESOLVE THE ISSUE AND WILL...Reuters
an hour ago
Trump says he thinks Iran's new supreme leader is alive but 'damaged'
New Iranian supreme leader has not been seen since selection His first comments as leader were read by a TV presenter Iranian official said this week Khamenei was lightly injuredBy Kanishka Singh WASHINGTON, March 12 (Reuters) - President Donald Trump said that he thinks new Iranian Supreme Leade...Reuters
an hour ago
Asia Set to Pledge $30 Billion in Energy, Mineral Deals with Us, Bloomberg News Reports
March 12 (Reuters) - Japan and several Asia-Pacific countries are expected to announce more than $30 billion worth of agreements with U.S. companies this weekend, Bloomberg news reported on Thursday.Reuters
2 hours ago
South Korea says considering energy vouchers, boosting coal and nuclear power
SEOUL, March 13 (Reuters) - South Korea is considering providing additional energy vouchers to subsidise vulnerable households if rising global fuel prices in the wake of the Middle East crisis push up electricity costs, the government said on Friday. Asia's fourth-largest economy is also prepar...Reuters
2 hours ago
PRECIOUS-Gold set for weekly drop as oil price surge weighs on rate-cut hopes
Iran's supreme leader decides to keep Strait of Hormuz closedGold down about 1% so far this weekUS January PCE data due later in the dayBy Noel John March 13 (Reuters) - Gold prices rose on Friday, supported by a weaker dollar and softer U.S. Treasury yields, but were on track for a second co...Reuters
2 hours ago
PRESS DIGEST-British Business - March 13
March 13 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Britain's petrol retailers are facing an investigation into claims that they are profiting from t...Reuters
3 hours ago
BP says Whiting refinery union workers reject its latest employment contract
March 13 (Reuters) - BP said late on Thursday that its represented workforce at its Whiting refinery in Indiana has voted not to ratify the company's last, best, and final offer."BP will continue to bargain in the best interests of our employees, our company, and the community," the comp...Reuters
3 hours ago
US Issues 30-Day Sanctions Waiver For Purchase Of Russian Oil At Sea
US issues 30-day license for sanctioned stranded Russian oil purchasesMeasure the latest by Trump administration to calm energy markets jolted by Iran warIEA says war creating the biggest oil supply disruption in historyBy Ismail Shakil March 12 (Reuters) - The United States issued a 30-day waive...Reuters
3 hours ago
Silver Price Forecast: XAG/USD Retakes $85.00; Bearish Risks Persist
Silver (XAG/USD) gains some positive traction during the Asian session on Friday and climbs back above the $85.00 mark in the last hour. The white metal, for now, seems to have snapped a two-day losing streak, though it remains on track to end the week on a flattish note.
Fxstreet
3 hours ago
Oil Drops After US Issues License for Countries To Buy Russian Oil Stranded at Sea
BEIJING, March 13 (Reuters) - Oil prices dropped on Friday morning after the U.S. issued a 30-day license for countries to buy Russian oil and petroleum products currently stranded at sea, easing supply concerns.Reuters
3 hours ago
