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US oil output fell the most in 2 years during January winter storm, EIA data shows
NEW YORK, March 31 (Reuters) - U.S. crude oil output fell the most in two years during January following a severe winter storm that knocked production offline in large swathes of the country, data from the Energy Information Administration showed on Tuesday.U.S. crude oil output fell 410,000 barrels...Reuters
4 minutes ago
Russian oil tanker begins discharging cargo in Cuba's Matanzas terminal
About 40% of the crude is expected to be turned into fuel oil for power generationIt could take up to 35 days for the fuel to be distributedRussia "will continue to work on this," Kremlin spokesman saidBy Ayose Naranjo MATANZAS, Cuba, March 31 (Reuters) - A Russian-flagged tanker carrying...Reuters
15 minutes ago
Suncor plans major shift in focus to in situ oil sands output by 2040
Suncor to shift 60% of oil sands output to in situ by 2040, CEO Kruger saysFirebag site expansion and new Lewis project to drive future production growthCompany increases bitumen reserves estimate by 11 billion barrels, now totals 30 billion barrelsBy Amanda StephensonMarch 31 (Reuters) - Canada'...Reuters
17 minutes ago
Foreign journalist kidnapped in Baghdad by unknown parties, interior ministry says
CAIRO, March 31 (Reuters) - A female foreign journalist was kidnapped in Baghdad on Tuesday by unknown parties, the Iraqi interior ministry said, without identifying her nationality. One suspect had been arrested, the ministry said, adding that efforts were ongoing to free the journalist.Reuters
19 minutes ago
Putin, UAE president discuss Middle East in phone call, Kremlin says
MOSCOW, March 31 (Reuters) - Russian President Vladimir Putin and UAE President Sheikh Mohammed bin Zayed Al Nahyan spoke by phone on Tuesday and expressed serious concern about the military and political situation in the Middle East, the Kremlin said.The parties emphasised the importance of bringin...Reuters
23 minutes ago
Brent up 5.5%, set for record monthly gain on Mideast oil disruptions
Brent heads for record monthly gain, WTI on track for biggest since 2020Hegseth tells briefing next few days of war will be decisive Trump willing to end Iran war without reopening Strait of Hormuz, report saysKuwait says oil tanker was hit in Iranian attack at Dubai portAverage US gasoline price ab...Reuters
27 minutes ago
Absences fall sharply after US airport security workers finally get paid
By David Shepardson WASHINGTON, March 31 (Reuters) - The Transportation Security Administration said absences among the nation's 50,000 security officers fell sharply on Monday as workers were paid after working six weeks without a paycheck, and major airports that had suffered multi-hour lin...Reuters
31 minutes ago
EU may revive 2022 energy crisis measures in response to Iran war
EU preparing measures to respond to energy price surgeConsidering revising crisis response from 2022, which included gas price capEU tells members to prepare for 'prolonged disruption' to energy marketsJet fuel, diesel supplies main concern in short termBy Kate Abnett BRUSSELS, March 31 (...Reuters
38 minutes ago
US oil heads to Greece for first time in four years as refiners look for alternatives to Middle East crude
HOUSTON, March 31 (Reuters) - A cargo of WTI Midland crude headed to Greece for the first time in about four years, ship tracking data on Kpler showed, as U.S. and Israel's war on Iran and reduced traffic through the Strait of Hormuz have upended trade flows and shut in output in the region. ...Reuters
42 minutes ago
EU wheat set for third consecutive monthly gain
PARIS, March 31 (Reuters) - European wheat futures were poised for a third straight monthly gain in March, supported by strong oil prices and a rebound in wider markets on hopes of de-escalation in the Middle East, though a strong euro on Tuesday tempered advances.Benchmark May milling wheat BL2K6 o...Reuters
50 minutes ago
EU prepares energy toolbox to shield households as Iran war energy costs mount
BRUSSELS, March 31 (Reuters) - The EU is preparing a "toolbox" of measures for member states to deal with the consequences of the war in Iran, as energy markets will remain disrupted for a long time, EU Energy Commissioner Dan Jorgensen said on Tuesday."In financial terms, 30 days of con...Reuters
an hour ago
Romania blocking Black Sea gas exploration, Black Sea Oil & Gas CEO says
BSOG interested to drill new offshore gas exploration wellsRomania has not auctioned off new exploration blocks in 15 years BUCHAREST, March 31 (Reuters) - Romania is hindering further offshore gas exploration in the Black Sea by not auctioning off new blocks, the chief executive of an offshore g...Reuters
an hour ago
Vale base metals sees no impact on the nickel business due to sulphur disruption
By Divya RajagopalTORONTO, March 31 (Reuters) - Vale Base Metals CEO Shaun Usmar said the company does not see any impact on its nickel business due to the ongoing sulphur disruption due to the war in the Middle East.Sulphar is one of the key chemicals used to process nickel. Usmar said since the mi...Reuters
an hour ago
EU ministers push for tighter coordination on energy amid Iran war, Cyprus minister says
BRUSSELS, March 31 (Reuters) - European Union energy ministers said that stronger coordination is needed on gas storage to avoid price spikes, though they agreed Europe's wider energy supply remains relatively safeguarded from the impact of the Iran war, Cyprus Energy Minister Michael Damianos s...Reuters
an hour ago
China's Leapmotor signs carbon credits deal with Stellantis for Europe, UK markets
March 31 (Reuters) - Zhejiang Leapmotor Technology 9863.HK has entered into an agreement for the transfer of carbon credits it generates in Europe and the UK over the rest of 2026 to the subsidiaries of Stellantis STLAM.MI.The agreement covers credits generated by the sale and registration of all ba...Reuters
an hour ago
Planned LNG plant in Alaska seeks equipment from sanctioned Russia firm
By Timothy Gardner WASHINGTON, March 30 (Reuters) - The head of Polar LNG, a company that plans to build a liquefied natural gas plant on Alaska's North Slope, said his company is hoping to buy discounted equipment from a Russian project on which Washington has imposed sanctions.Polar LNG lau...Reuters
2 hours ago
Renewable energy producers downsize operations in Brazil due to operational restrictions
Atlas, Newave, and Voltalia cut jobs due to restrictionsRestrictions cause losses, hinder renewable energy growthUnclear compensation, regulatory instability deter investmentsBy Leticia Fucuchima SAO PAULO, March 31 (Reuters) - Brazil's renewable energy sector is facing severe headwinds, with...Reuters
2 hours ago
WRAPUP 7-Hegseth says coming days will be decisive for Iran, Tehran threatens US businesses in region
Iran threatens to target major US companies in retaliation for attacksOil prices surge after tanker attack in GulfChina and Pakistan urge ceasefireBy Phil Stewart and Steven Scheer WASHINGTON/JERUSALEM, March 31 (Reuters) - U.S. Defense Secretary Pete Hegseth said on Tuesday the next few days in ...Reuters
2 hours ago
PRECIOUS-Gold rises over 2%, but on track for worst month since 2008
US urges Tehran to make a dealGoldman still sees gold reaching $5,400 per ounce by end of 2026Silver up nearly 5% but down 22% for the month Platinum, palladium head for monthly declines By Ashitha Shivaprasad March 31 (Reuters) - Gold rose on Tuesday, but remained on track for its steepest month...Reuters
2 hours ago
