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Trump-Xi meeting not in jeopardy but could be delayed, White House says
Trump's China trip may be delayed due to Iran war focusTensions rise over Iran crisis, trade, and Taiwan issuesPreparations for Trump-Xi meeting continue despite potential delayBy Trevor Hunnicutt and Nandita Bose WASHINGTON, March 16 (Reuters) - Donald Trump's highly anticipa...Reuters
14 minutes ago
PRECIOUS-Gold eases as conflict-driven inflation fears counter dollar softness
Fed policy meeting due this weekStill very bullish on gold, analyst says Platinum gains nearly 4% By Ashitha Shivaprasad March 16 (Reuters) - Gold prices eased on Monday, as concerns that inflation stemming from the Middle East conflict could keep interest rates higher for longer outweighed suppo...Reuters
15 minutes ago
Oil prices ease as US says it is fine with some ships going through Strait of Hormuz
US would be fine with some Iranian, Indian, Chinese ships going through Strait of HormuzIEA may release more emergency oil stocks to combat price spikesIsrael plans three more weeks of warBy Scott DiSavino NEW YORK, March 16 (Reuters) - Oil prices eased about 1% on Monday after the United States ...Reuters
15 minutes ago
NORDIC POWER-Forward prices gain on higher European gas, German power rates
March 16 (Reuters) - Nordic front-quarter power prices rose on Monday, as German power prices and European gas rates climbed amid the ongoing Middle East conflict. Nordic front-quarter baseload power contract ENOFBLQc1 rose 1.25 euros to 57.50 euros per megawatt hour (MWh). Nordic front-year power c...Reuters
16 minutes ago
FACTBOX-BofA raises 2026 Brent price forecast as Hormuz closure tightens supply
March 16 (Reuters) - Bank of America raised its Brent crude oil forecast for 2026 to $77.50 a barrel from $61, citing tight supply caused by the effective closure of the Strait of Hormuz, which carries about 20% of the world's oil and liquefied natural gas flow.The bank said Brent could trade at...Reuters
39 minutes ago
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 oil into the market later "as and if needed" after they have already agreed the largest-ever reserve release, Executive Director Fatih Birol said on Monday.Birol said there will still be over 1...Reuters
55 minutes ago
Oil: Red Sea chokepoints reshape Saudi export risks – TD Securities
TD Securities’ Senior Commodity Strategist Ryan McKay analyzes how disruptions around the Strait of Hormuz and Bab El-Mandeb are reshaping Saudi crude export risks and bypass capacity, with implications for Oil supply tightness.
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an hour ago
Swiss technology firm Centiel plans to go public in April
March 16 (Reuters) - Swiss technology firm Centiel plans to go public on the Swiss stock exchange in mid-April by merging with HT5, a holding company that is already listed there, targeting a market capitalization of 166 million Swiss francs ($210.82 million), the companies said on Monday.The approa...Reuters
an hour ago
Iran's foreign minister says 'neighbouring states' encouraging killing of Iranians
CAIRO, March 16 (Reuters) - Iranian Foreign Minister Abbas Araqchi said on Monday that some "neighbouring states" hosting U.S. forces and allowing attacks on Iran were also actively encouraging the killing of Iranians.He said hundreds of Iranian civilians, including more than 200 children, h...Reuters
an hour ago
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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
3 hours 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
3 hours ago
