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Oil Rises as Focus Returns to Threats on Middle East Export Facilities
SINGAPORE, March 16 (Reuters) - Oil prices rose on Monday as investor focus returned to threats facing Middle East oil facilities, despite U.S. President Donald Trump's call for nations to help safeguard the Strait of Hormuz, a vital artery for global energy shipments.
Reuters
36 minutes ago
Russia says Ukraine struck Moscow with about 250 drones this weekend
MOSCOW, March 16 (Reuters) - Russia said on Monday that Ukraine launched a major drone attack on Moscow with about 250 drones over the weekend, and that wave after wave of long-range drones had been shot down by air defences on their way to the city. "Over the past two days, air defense forces h...Reuters
5 minutes ago
Oil loading operations suspended at UAE's Fujairah port, sources say
DUBAI, March 16 (Reuters) - Oil loading operations have been suspended at the United Arab Emirates port of Fujairah, two sources told Reuters on Monday, after a drone attack sparked a fire in the emirate's petroleum industrial zone.Fujairah, located on the Gulf of Oman just outside the Strait of...Reuters
9 minutes ago
Philippines eyes Russian oil imports to ensure supply
MANILA, March 16 (Reuters) - The Philippines has already approached Russia for possible oil importation, the country's energy secretary said on Monday. Secretary Sharon Garin gave no details on possible volumes and duration and said Manila was awaiting Moscow’s response State-run Philippine Nat...Reuters
16 minutes ago
Oil: Risks to food inflation – Standard Chartered
Standard Chartered’s Ethan Lester and Madhur Jha analyse how higher Oil prices can quickly lift global food inflation via fertiliser costs and trade bottlenecks. They note that food’s share in CPI baskets, import intensity and dietary patterns will shape country outcomes.Fxstreet
27 minutes ago
METALS-Copper falls as oil-driven inflation fears take on strong China data
March 16 (Reuters) - Copper fell on Monday, as heightened inflation fears amid rising oil prices overpowered positive cues from estimates-beating economic and investment data from China.The most-active copper contract on the Shanghai Futures Exchange SCFcv1 closed daytime trading down 0.87% at 99,72...Reuters
39 minutes ago
EU to discuss how to keep Hormuz strait open, EU's foreign chief says
BRUSSELS, March 16 (Reuters) - EU member states will discuss what can be done from the European side to keep the Strait of Hormuz open, the EU's foreign policy chief Kaja Kallas said on Monday."It is in our interest to keep the Strait of Hormuz open and that's why we are also discussing ...Reuters
an hour ago
ROI-US is quickly exhausting tools to absorb Iran war oil shock: Bousso
By Ron Bousso LONDON, March 16 (Reuters) - The U.S. is rapidly running out of shock absorbers to cushion the oil market from the loss of Middle Eastern crude supplies as the Iran war rages, raising the risk of a deeper global economic slowdown if demand destruction accelerates.As the U.S.-Israeli...Reuters
an hour ago
PRESS DIGEST-New York Times business news - March 16
March 16 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - U.S. President Donald Trump is set to convene the board of trustees of the John F. Kennedy Center for the Performing Arts o...Reuters
an hour ago
Spurred by Gulf war, Alaska LNG aims for go-ahead decisions in 2026-27 and exports in 2031
Alaska LNG looks for pipeline FID in 2026, export terminal decision in 2027First LNG shipments seen in 2031, CEO says Alaska LNG among projects for Asian buyers to diversify supplyBy Katya Golubkova and Yuka Obayashi TOKYO, March 16 (Reuters) - War in the Middle East is spurring interest in Asia ...Reuters
2 hours ago
PRECIOUS-Gold steady as weaker dollar offsets fading rate cut hopes
Oil remains above $100 as Middle East conflict enters third weekTrump says U.S. is talking to seven nations about securing Strait of HormuzFed expected to hold rates at the end of its two-day meeting on WednesdayBy Noel John March 16 (Reuters) - Gold prices were steady on Monday after paring a ne...Reuters
2 hours ago
WTI Oil rises to near $98.00 on Trump threats against Iran export facilities
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $97.85 during the early European trading hours on Monday. The WTI price climbs as the US President Donald Trump administration weighs military strikes on OPEC member Iran’s key oil export facilities on Kharg Island.
Fxstreet
2 hours ago
WRAPUP 3-Trump demands others help secure Strait of Hormuz, Japan and Australia say no plans to send ships
Trump says US is talking to seven nations about securing Strait of Hormuz US officials predict quick end to conflict, oil price dropIran says ready to defend for 'as long as it takes'Oil prices remain elevated, investors cautious as war enters third weekBy Tim Kelly and Jarrett Renshaw TO...Reuters
2 hours ago
TABLE-North Sea gas maintenance schedule: Adds UGS Bergermeer outage
March 16 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUT...Reuters
2 hours ago
Ruthenium prices hit record high as AI boom squeezes supply
By Anushree MukherjeeMarch 16 (Reuters) - Ruthenium, a minor metal in the platinum-group metals (PGMs), has surged to an all-time high as supply constraints and growing demand linked to artificial intelligence tighten the market, analysts and producers said.Used in electronics, semiconductors, and c...Reuters
2 hours ago
PRESS DIGEST -Wall Street Journal - March 16
March 16 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy.- The Boston-based private-equity provider Bain Capital will pay more than $349 million to acquire an Australian wealth-management business ...Reuters
2 hours ago
US, China Seek to Wrap Paris Talks on Managed Trade, Agriculture Deals for Xi-trump Summit
PARIS, March 16 (Reuters) - Top U.S. and Chinese economic officials were due to conclude talks in Paris on Monday, with potential areas of agreement in agriculture, critical minerals and managed trade that could be taken up by U.S. President Donald Trump and Chinese President Xi Jinping in Beijing,Reuters
3 hours ago
Indian fertilizer firms fall on growing Middle East tension
March 16 (Reuters) - Indian Fertilizer stocks down between 2.4% - 6.4% amid escalating tensions in the Middle East Rashtriya Chemicals and Fertilisers RSTC.NS down 6.4%, Fertilisers And Chemicals Travancore FCTL.NS falls 4.9%, National Fertilizers NAFT.NS down 5.5%Chambal Fertilisers and Chemicals C...Reuters
3 hours ago
Silver Price Forecast: XAG/USD slides to three-week low below $80 ahead of Fed’s policy
Silver price (XAG/USD) is down 0.5% to near $80.00 in the late Asian trade on Monday. The white metal revisits the three-week low of around $78.00 during the day amid firm expectations that the Federal Reserve (Fed) will maintain a status quo in the monetary policy announcement on Wednesday.
Fxstreet
3 hours ago
