News
Important Only
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
2 hours ago
EUROPE GAS-European gas prices rise on continued LNG supply fears, oil gains
By Susanna Twidale LONDON, March 16 (Reuters) - Benchmark British and Dutch wholesale gas prices rose on Monday morning as the U.S.-Iran conflict continued to disrupt liquefied natural gas exports from the region, while higher oil prices also added further support.The benchmark Dutch front-month ...Reuters
18 minutes ago
Vietnam braces for flight cuts from April after China, Thailand ban jet fuel exports
Vietnam relies on imports for over two-thirds of its jet fuelRegulator says Vietnam's refineries cannot significantly boost jet fuel outputVietnam has reached out to China and Thailand, seeking helpBy Phuong Nguyen and Francesco Guarascio HANOI, March 16 (Reuters) - Vietnamese authorities hav...Reuters
51 minutes ago
UAE’s Fujairah Hit Again as Vital Port Suspends Oil Loadings – Bloomberg
A report by Bloomberg showed during European trade on Monday that a key port of Fujairah in the United Arab Emirates (UAE) was hit by a drone, the latest in a series of strikes threatening the country’s only export route outside the Strait of Hormuz.Fxstreet
54 minutes ago
EU's Kallas floats Black Sea model to unblock Strait of Hormuz
BRUSSELS, March 16 (Reuters) - EU foreign policy chief Kaja Kallas said on Monday she had discussed with the United Nations the idea of freeing up transport of oil and gas through the Strait of Hormuz by replicating a deal that gets grain out of Ukraine during wartime.Arriving at a meeting of EU for...Reuters
an hour ago
FACTBOX-Analysts hike oil price estimates as Iran conflict enters third week
March 16 (Reuters) - Major brokerages have revised their average oil price forecasts for 2026 as the U.S.-Israeli war on Iran enters its third week, with the conflict having sent oil prices surging more than 40% this month. O/RU.S. President Donald Trump on Sunday insisted that nations relying heavi...Reuters
an hour 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
3 hours 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
3 hours 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
3 hours 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
3 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
3 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
3 hours ago
