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WRAPUP 8-Trump says US will hit Iran 'very hard' after easing sanctions on Russian oil
Trump pledges more strikes "over the next week"US issues 30-day waiver for Russian oil purchasesIsrael and Iran exchange missile barragesOil prices rise despite US waiver, Brent crude at $99.50By Parisa Hafezi, Maya Gebeily and Alexander Cornwell DUBAI/BEIRUT/JERUSALEM, March 13 (Reuters)...Reuters
5 minutes ago
Cuba says it has opened talks with U.S. amid oil blockade
Cuban president says he is directing talks along with former president Raul CastroTalks have been "facilitated by international actors," president saysUS oil blockade has prevented any fuel imports to Cuba for three monthsCuba says talks must take place with "respect" for each countr...Reuters
18 minutes ago
Oil prices dip as Indian tanker sails out of Strait of Hormuz
India-flagged tanker sails out of Strait of Hormuz: Indian government officialUS measures aimed at easing supply tightnessDisruption of trade through the strait continues By Anna Hirtenstein LONDON, March 13 (Reuters) - Oil prices dipped on Friday as an Indian tanker sailed out of the Strait of H...Reuters
19 minutes ago
Gold struggles as Oil-driven inflation fears weigh on global interest rate outlook
Gold (XAU/USD) struggles to gain traction on Friday and remains on course for a second weekly decline as surging Oil prices stemming from the ongoing US-Iran war fuel inflation concerns and trigger a hawkish repricing of global interest-rate expectations, weighing on the non-yielding metal.
Fxstreet
21 minutes ago
Operator probes incident at Kazakhstan's Tengiz oilfield, sources say output intact
TCO reports an incident at Tengiz on March 11; no injuriesField has not halted output, sources saySources say a caustic unit caught fireTengiz was already pumping lower levels after January 18 firesRecovery limited by CPC loading constraintsBy Mariya Gordeyeva ALMATY, March 13 (Reuters) - Kazakhs...Reuters
52 minutes ago
RPT-EUROPE GAS-Prices edge down as U.S.-Israeli war approaches two-week mark
By Nina Chestney LONDON, March 13 - Benchmark Dutch wholesale gas prices were little changed on Friday morning on as the U.S.-Israeli war approached the two-week mark and tanker attacks and energy infrastructure closures continued.The benchmark Dutch front-month contract at the TTF hub TFMBMc1 in...Reuters
54 minutes ago
Russian nuclear official says no radiation changes seen in Iran
MOSCOW, March 13 (Reuters) - Russia's top nuclear official said on Friday that no changes in radiation levels have been recorded following strikes on Iran's nuclear facilities in the war launched against it by the United States and Israel, state news agency RIA reported.It was not immediatel...Reuters
55 minutes ago
PRECIOUS-Gold set for second weekly loss on reduced rate cut bets, higher dollar, yields
Gold down about 1.7% so far this weekIran vows to keep Strait of Hormuz closedDelayed US January PCE data due later todayBy Ishaan Arora March 13 (Reuters) - Gold was on track for a second straight weekly loss, even as it edged higher on Friday, as surging oil prices dampened rate cut bets and ca...Reuters
56 minutes ago
Avanti Helium renews call for helium's critical mineral status in US amid rising supply risks
March 13 (Reuters) - Avanti Helium AVN.V on Friday reiterated its request for the United States to designate helium as a critical mineral, warning that rising geopolitical risks and shrinking domestic output are putting long-term supply security at risk.Disruptions to natural gas processing in Qatar...Reuters
58 minutes ago
Senegal's PM challenges 'unfair' BP gas deal, freezes Indorama assets
Senegal says BP-operated gas contract unfair, talks onSenegal reviewing strategic contractsRenegotiations affect oil, gas, fishing, infrastructureSenegal cancels 71 oil and gas licenses, PM vows changeBy Jessica Donati and Bate Felix March 13 (Reuters) - Senegalese Prime Minister Ousmane Sonko on...Reuters
an hour ago
RPT-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
an hour ago
GRAINS-Soybeans retreat from near two-year peak as crude rally pauses
Russian oil sanctions waiver tempers supply fears over Iran warDollar strength also curbs grain pricesUpcoming U.S.-China talks eyed for soybean demand BEIJING/PARIS, March 13 (Reuters) - Chicago soybean futures edged lower on Friday after hitting a near two-year high in the previous session,...Reuters
an hour ago
IAEA says it is trying to broker a new nuclear deal between the US and Iran, TASS reports
MOSCOW, March 13 (Reuters) - The head of the International Atomic Energy Agency Rafael Grossi said on Friday that the IAEA is trying to arrange a new nuclear deal between the U.S. and Iran, Russian state news agency TASS reported.Grossi said he hopes for the resumption of negotiations on a long-term...Reuters
an hour ago
US decision to waive sanctions on Russian oil 'concerning', says EU's Costa
BRUSSELS, March 13 (Reuters) - European Council President Antonio Costa said the unilateral decision by the United States to waive sanctions on Russia oil exports is very concerning because it impacts European security."Increasing economic pressure on Russia is decisive for it to accept a seriou...Reuters
an hour ago
NORDIC POWER-Front-quarter prices at one-week high on dry weather forecast, tight water reserves
March 13 (Reuters) - Nordic front-quarter prices edged up to a more than one-week high on Friday and were headed for a weekly gain, supported by forecasts of reduced precipitation and declining water reserves in the hydropower-dependent region. Nordic front-quarter baseload power contract ENOFBLQc1 ...Reuters
an hour ago
India tells LPG customers to avoid panic bookings, shift to piped natural gas wherever possible
By Nidhi VermaMarch 13 (Reuters) - India has asked liquefied petroleum gas customers to avoid panic bookings and shift to piped natural gas wherever possible, said Sujata Sharma, a joint secretary in the federal oil ministry, on Friday.Reuters
an hour ago
US eases Russia oil sanctions to tame price surge, riling European allies
US waiver allows purchase of stranded Russian oilGermany and other European allies criticise US decisionMoscow welcomes US move to stabilise energy marketsBy Andreas Rinke and Dmitry Antonov ANDOYA, Norway/MOSCOW March 13 (Reuters) - The United States issued a 30-day waiver for countries to buy s...Reuters
an hour ago
Trump tells Fox News: US would escort oil tankers in Strait of Hormuz if needed
WASHINGTON, March 13 (Reuters) - President Donald Trump said the United States would escort vessels through the Strait of Hormuz if needed but added that he hoped the U.S.-led war efforts would go well, vowing in a Fox News interview that aired on Friday to strike Iran "very hard over the next w...Reuters
2 hours ago
