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IEA members could release more oil stocks 'as and if needed,' agency chief says
PARIS, March 16 (Reuters) - Member countries of the International Energy Agency could release more emergency oil stocks later "as and if needed" as there will still be over 1.4 billion barrels remaining in their emergency oil stocks despite the largest release of reserves in history already ...Reuters
9 minutes ago
ADNOC oil loading still halted at UAE's Fujairah, other loadings resume, sources say
Two out of three single point moorings at Fujairah are open, source saysFujairah typically the exit point for 1 million bpd of Murban crudeSecond major disruption at bunkering hub in recent days DUBAI, March 16 (Reuters) - Abu Dhabi state oil giant ADNOC has suspended crude loading operations at ...Reuters
38 minutes ago
METALS-Industrial metals under pressure as oil surge fuels inflation, growth worries
By Pratima Desai LONDON, March 16 (Reuters) - Industrial metal prices came under pressure on Monday as surging oil prices due to the conflict in the Middle East fuelled fears about inflation and global growth prospects, traders said. Benchmark copper CMCU3 on the London Metal Exchange trad...Reuters
40 minutes ago
PRECIOUS- Gold steady as conflict-driven inflation fears counter dollar softness
Fed policy meeting due this weekStill very bullish on gold, analyst says Platinum gains over 3% By Ashitha Shivaprasad March 16 (Reuters) - Gold prices were little changed on Monday, as concerns that inflation stemming from the Middle East conflict could keep interest rates higher for longer outw...Reuters
49 minutes ago
Bank of America raises 2026 Brent forecast to $77.50/BBL on Strait of Hormuz impasse
March 16 (Reuters) - Bank of America on Monday raised its 2026 Brent crude forecast to $77.50 a barrel from $61 earlier, citing the ongoing impasse at the Strait of Hormuz.The bank's commodity research team said the new outlook reflects two equally likely paths: a quick resolution that restores ...Reuters
50 minutes ago
CBOT Trends-Soy down 11-32 cents, corn down 3-5 cents, wheat down 5-6 cents
CHICAGO, March 16 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Monday: WHEAT - Down 5 to 6 cents per bushelWheat headed lower in sympathy with soybeans and corn, but worries about ...Reuters
58 minutes ago
Oil falls amid attacks on Gulf export facilities
US in talks with other countries to protect Strait of HormuzBrent, WTI have surged more than 40% this monthUS hit military targets on Iran's Kharg Island oil export hubOil reserves to begin flowing to market soon, IEA saysBy Enes Tunagur LONDON, March 16 (Reuters) - Oil prices fell on Monday ...Reuters
an hour ago
Trafigura to help Venezuela's Minerven develop a responsible gold-sourcing programme
US licence allows deliveries of gold mined by sanctions-hit MinervenTrafigura's prepayment is for Minerven's mines only, excludes 3rd partiesDeliveries to be made in compliance with labour lawsBy Polina Devitt LONDON, March 16 (Reuters) - Trafigura will work with Venezuela's state gol...Reuters
an hour ago
U.S.' Bessent: Iran war, not trade, may delay Trump‑Xi summit
Paris talks seek to tee up proposals for Trump, Xi to weigh in Beijing China open to more buying of U.S. agriculture goods, sources sayU.S., China said to explore new ways to manage trade, investmentsTrump tells FT he may delay Xi meet over Hormuz strait closureBy David Lawder PARIS, March 16 (Re...Reuters
an hour ago
EXCLUSIVE-As India seeks Hormuz safe passage, Tehran asks for return of seized tankers, sources say
At least 22 Indian-flagged vessels remain in the Gulf -Indian officialsIran negotiating release of tankers, supplies of medicine -sourcesBy Saurabh Sharma and Krishna N. Das NEW DELHI, March 16 (Reuters) - Iran has asked India to release three tankers seized in February as part of talks seeking ...Reuters
an hour ago
RPT-ROI-Iran war hits refined fuels harder than crude and importers need to act: Russell
By Clyde Russell LAUNCESTON, Australia, March 16 (Reuters) - The loss of as much as 20% of the world's crude oil and refined fuels through the ongoing effective closure of the Strait of Hormuz gathers most of the media attention as the main fallout from the attack on Iran by the U.S. and Isra...Reuters
an hour ago
Niron Magnetics Advances U.S. Permanent Magnet Manufacturing Plans
March 16 (Reuters) - NIRON MAGNETICS ADVANCES U.S. PERMANENT MAGNET MANUFACTURING PLANSNIRON MAGNETICS: EXPECTS TO INCLUDE $1.8 BILLION IN CAPITAL INVESTMENT & CREATE MORE THAN 700 FULL-TIME JOBSFurther company coverage: [ ]Reuters
an hour ago
EXCLUSIVE-US, China discuss farm goods, managed trade in 'remarkably stable' Paris talks, sources say
China open to additional purchases of US agriculture goods, said sources familiar with talksUS, China to explore new mechanisms for managing trade, investmentsTrump and Xi would have final say over any proposals at Beijing summit By David Lawder PARIS, March 15 (Reuters) - Top U.S. and Chinese ec...Reuters
an hour ago
Silver: Inventory coverage story builds – TD Securities
TD Securities’ Daniel Ghali notes persistent Chinese demand has kept the Shanghai arbitrage window open, supporting international Silver buying. Despite strong physical flows and CME warehouse draws, visible stocks remain ample relative to dealer shorts.
Fxstreet
2 hours ago
EXCLUSIVE-UAE crude output falls by more than half as Hormuz closure forces shut-ins
Hormuz disruption roiling energy marketsState-owned ADNOC temporarily closing wells, sources sayShut-ins affect both onshore, offshore operations, sources say By Yousef Saba and Florence Tan March 16 (Reuters) - The United Arab Emirates' daily oil output is down by more than half as the Iran ...Reuters
2 hours ago
WRAPUP 6-Israel says it has plans for at least three weeks of war as airstrikes pound Iran
US-Israeli war on Iran enters third week, impacting global oil pricesIran fires at Israel, launches drone attacks on UAE, BahrainTrump pressures allies to help reopen Strait of Hormuz, warns NATO of consequencesIsrael has at least three weeks of plansBy Alexander Cornwell and Parisa Hafezi TEL AV...Reuters
2 hours ago
UK's Starmer resists being drawn into wider Iran war, offers help on strait
Starmer says he is working with partners on Strait of HormuzOffers support package for rural houses using heating oilSays he spoke with Trump, they have a 'good relationship'By Elizabeth Piper and Sarah Young LONDON, March 15 (Reuters) - Prime Minister Keir Starmer said on Monday Britain ...Reuters
2 hours ago
Silver price drops as traders await Fed decision, geopolitical risks mount
Silver (XAG/USD) trades around $79.70 on Monday at the time of writing, down 1.12% on the day. The white metal is under pressure as investors adopt a cautious stance ahead of this week’s monetary policy announcements from major central banks, particularly the Federal Reserve (Fed).Fxstreet
2 hours ago
