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PRECIOUS-Gold steady as investors weigh Mideast risks ahead of Fed decision
Iran rejects de-escalation as Israel kills Iranian security chiefFed expected to hold rates steady in policy announcement later todayOil prices remain above $100 a barrelBy Noel John March 18 (Reuters) - Gold prices held steady on Wednesday as investors stayed on the sidelines, assessing the econ...Reuters
17 minutes ago
Iraqi government, Kurdish authorities reach deal to resume oil exports to Turkey's Ceyhan port
Joint committee to prepare for resuming oil exports via pipelineTensions rise over new electronic customs systemOil exports to resume amid security and economic challengesKRG seeks guarantees for safe oil production environmentBy Ahmed Rasheed and Yomna Ehab BAGHDAD, March 17 (Reuters) - The Iraq...Reuters
20 minutes ago
Oil prices ease as Iraqi and Kurdish authorities agree to export deal
By Sam Li and Siyi Liu BEIJING/SINGAPORE, March 18 (Reuters) - Oil prices eased on Wednesday to pare back some of Tuesday's sharp gains after the Iraqi government and Kurdish authorities reached a deal to resume oil exports via Turkey's Ceyhan port, providing modest relief to concerns abo...Reuters
23 minutes ago
Cuba restores power after 29-hour blackout amid US oil blockade
Cuba reconnects electric grid across entire islandMajor power plant restarted but generation insufficientCuba-US talks underway as Trump hints at imminent actionUS blames Cuban government 'incompetence' for blackoutBy Dave Sherwood and Daniel Trotta HAVANA, March 17 (Reuters) - Cuba has ...Reuters
26 minutes ago
UAE pledges 18 million barrel crude to South Korea, envoy says
SEOUL, March 18 (Reuters) - The United Arab Emirates has pledged to supply South Korea with 18 million barrels of additional crude oil and a shipment of naphtha, South Korea's presidential envoy to the Middle East, Kang Hoon-sik, said on Wednesday.Reuters
32 minutes ago
BP locks out union workers at its Midwest oil refinery
By Nicole Jao and Anmol Choubey NEW YORK, March 17 (Reuters) - BP BP.L will block around 800 workers from its 440,000 barrel-per-day Whiting, Indiana, refinery starting March 19, the British oil major said on Tuesday, as months of contract negotiations yielded little results. The labor disput...Reuters
36 minutes ago
GRAINS-Chicago soybeans fall as Trump-Xi meeting delay dampens continued Chinese demand hopes
BEIJING, March 18 (Reuters) - Chicago soybean futures fell on Wednesday as a delay in a meeting between U.S President Donald Trump and Chinese President Xi Jinping dampened hopes for continued Chinese demand for U.S. soybeans. Wheat and corn also dropped. FUNDAMENTALSThe most-active soybean con...Reuters
37 minutes ago
South Korea to curb naphtha exports as Middle East risks trigger emergency measures
SEOUL, March 18 (Reuters) - South Korea will limit naphtha exports and temporarily designate the feedstock as a supply-chain economic security item, the Finance Minister said, as authorities try to shield companies and consumers from the impact of the Middle East conflict.The government will boost f...Reuters
an hour ago
Projectile hits near Iran's Bushehr nuclear plant, no damage or injuries reported
March 17 (Reuters) - A projectile hit an area near Iran's Bushehr nuclear power plant on Tuesday evening, however it caused no damage or injuries, Iran told the International Atomic Energy Agency."The IAEA has been informed by Iran that a projectile hit the premises of the Bushehr NPP on Tue...Reuters
an hour ago
Why Trump Postponed China Visit?
TradingKey - Donald Trump unexpectedly stated on March 16 that his planned visit to China at the end of March may be postponed. The reason stems from the sustained rally in oil prices, which threatens to undermine his campaign promises to voters. He reportedly intends for China to intervene and cool
TradingKey
an hour ago
PRECIOUS-Gold steady as investors weigh Mideast risks ahead of Fed decision
March 18 (Reuters) - Gold prices held steady on Wednesday as investors kept to the sidelines, evaluating the economic impact of the Middle East conflict ahead of the U.S. Federal Reserve's policy decision.FUNDAMENTALSSpot gold XAU= was little changed at $5,003.77 per ounce as of 0058 GMT. U.S. g...Reuters
2 hours ago
Five people die in fire outside Pemex's Olmeca refinery in Mexico
MEXICO CITY, March 17 (Reuters) - Five people died outside Mexico's Olmeca oil refinery after "oily waters" around the perimeter caught fire, state-run oil firm Pemex said on Tuesday, the latest incident at the flagship project of former President Andres Manuel Lopez Obrador.One of those...Reuters
2 hours ago
Silver Price Forecast: XAG/USD consolidates above $79.00; bearish bias intact ahead of Fed
Silver (XAG/USD) lacks a firm intraday direction and oscillates in a narrow range during the Asian session on Wednesday as traders opt to wait on the sidelines ahead of the crucial FOMC rate decision.Fxstreet
2 hours ago
Us Targets Iranian Missile Sites Near the Strait of Hormuz
The United States military said that it targeted sites along Iran’s coastline near the Strait of Hormuz, one of the world’s most critical energy chokepoints, because Iranian anti-ship missiles posed a risk to international shipping there, Reuters reported on Wednesday.Fxstreet
3 hours ago
WTI Rises Above $95.00 as Iran's Attacks on Facilities Fuel Supply Fears
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $95.00 during the early Asian trading hours on Wednesday. The WTI price climbs amid intensifying Middle East conflict and severe supply disruptions.Fxstreet
3 hours ago
South Korea to curb naphtha exports, roll out emergency support as Middle East risks rise
SEOUL, March 18 (Reuters) - South Korea will limit naphtha exports and temporarily designate the feedstock as a supply-chain economic security item, Finance Minister Koo Yun-cheol said on Wednesday.The government will also expand financial support for affected companies by 1.5 trillion won ($1.01 bi...Reuters
3 hours ago
