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Anglo American expects final approval for Teck Resources merger around Q3, Brazil CEO says
SAO PAULO, March 18 (Reuters) - London-listed mining company Anglo American expects to get final regulatory approval for its merger with Teck Resources around the third quarter of this year, the company's Brazil CEO Ana Sanches said on Wednesday. Sanches was speaking at a forum on mining held in...Reuters
36 minutes ago
US Gulf Coast crude oil imports hit five-year high, EIA says
NEW YORK, March 18 (Reuters) - U.S. Gulf Coast commercial crude oil imports rose last week by 1.2 million barrels per day (bpd) to around 2.4 million bpd, the highest since July 2020, data from the U.S. Energy Information Administration showed on Wednesday.U.S. crude oil imports from Saudi Arabia al...Reuters
37 minutes ago
McEwen Copper plans $300 million IPO to finance Los Azules project in Argentina, executive says
By Lucila SigalBUENOS AIRES, March 18 (Reuters) - Canadian miner McEwen Copper plans to carry out an Initial Public Offering (IPO) of about $300 million toward the end of this year in a financing push for its Los Azules copper project in Argentina, a company executive said. McEwen Copper is a subsid...Reuters
40 minutes ago
WTI Oil prices climb as Middle East war persists, Iraq-Turkey deal eases supply risks
West Texas Intermediate (WTI) US Oil trades around $97.50 at the time of writing on Wednesday, up 2.37% on the day, supported by persistent geopolitical risks despite some signs of easing supply concerns.
Fxstreet
42 minutes ago
WRAPUP 8-Iran's huge Gulf gas field is struck in major escalation
Pars is Iran's sector of the world's largest gas deposit, shared with QatarIran confirms killing of Iranian intelligence ministerTehran strikes Israel after killing of security chief Larijani Israel launches strikes across Lebanon By Parisa Hafezi, Rami Ayyub and Maya Gebeily DUBAI/JERUSA...Reuters
46 minutes ago
Tehran warns Gulf energy installations after oil industry facilities hit in southern Iran
Brent crude futures jump over 5% on news of attacks Iran's Revolutionary Guards issue evacuation warnings for Gulf oil facilitiesExtent of damage to South Pars petrochemical facilities unclear DUBAI, March 18 (Reuters) - Facilities belonging to Iran's oil industry in South Pars and Asaluy...Reuters
48 minutes ago
REFILE-Three private planes at Israel's Ben Gurion Airport damaged by Iran missile debris
JERUSALEM, March 18 (Reuters) - Three private planes parked at Ben Gurion Airport near Tel Aviv suffered "severe" damage after being hit by debris from an Iranian missile, the Israel Airports Authority said on Wednesday.Reuters
48 minutes ago
Nigeria ride‑hailing drivers protest pricing as fuel costs rise
LAGOS, March 18 (Reuters) - Hundreds of Nigerian drivers who are signed up with ride-hailing services Uber, Bolt and inDrive protested on Wednesday in Lagos over low fares and high commissions while calling on the Lagos State Assembly to intervene and mandate higher pricing.Nigeria is one of Africa&...Reuters
49 minutes ago
US waives shipping regulation to ease fuel, fertilizer deliveries
By Jarrett RenshawWASHINGTON, March 18 (Reuters) - The Trump administration on Wednesday announced a 60-day waiver of the Jones Act shipping law, temporarily allowing foreign-flagged vessels to move fuel, fertilizer and other goods between U.S. ports as soaring energy and agricultural prices strain ...Reuters
54 minutes ago
Cattle disease spreads in Russia amid scepticism over diagnosis
Disease outbreaks reported in 10 regionsOne Russian region with registered outbreak borders ChinaFarmers, scientists question official diagnosisGovernment commission arrives in affected regionBy Gleb BryanskiMOSCOW, March 18 (Reuters) - Cattle diseases officially identified as pasteurellosis or rabi...Reuters
58 minutes ago
McEwen Copper plans $300 million IPO to help finance Los Azules project in Argentina, executive says
BUENOS AIRES, March 18 (Reuters) - Canadian miner McEwen Copper MUX.TO plans to carry out an Initial Public Offering (IPO) of about $300 million toward the end of this year as part of a financing push to advance the Los Azules copper project in Argentina, Michael Meding, the company's managing d...Reuters
59 minutes ago
US crude stocks rise, gasoline and distillate inventories fall, EIA says
By Liz HamptonDENVER, March 18 (Reuters) - U.S. crude stocks rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Wednesday.Crude inventories rose by 6.2 million barrels to 449.3 million barrels in the week ended March 13, the EIA said, compare...Reuters
an hour ago
EUROPE GAS-Prices jump on Iran gas field attacks and retaliation threats
By Nora Buli OSLO, March 18 (Reuters) - Benchmark Dutch wholesale gas prices soared around 9% on Wednesday afternoon as the war in the Middle East escalated to attacks on Iranian gas infrastructure and potential retaliatory strikes, further tightening the market.The benchmark Dutch front-month co...Reuters
an hour ago
Brazil names firms breaching freight price rules, tightens oversight
SAO PAULO, March 18 (Reuters) - Brazil's Transport Minister Renan Filho on Wednesday named several major companies fined in recent months for allegedly failing to comply with minimum freight price rules, adding they may be barred from contracting freight services in the country.The move comes as...Reuters
an hour ago
Yara reduces some ammonia, urea production in India over lower gas availability
March 18 (Reuters) - Yara YAR.OL has reduced parts of its ammonia and urea production in India due to limited gas availability, the Norwegian fertilizer group told Reuters on Wednesday.Yara's reduced production in India has little impact on the group's overall financial results, it said in a...Reuters
an hour ago
ANALYSIS-Iran war energy shock sparks global push to reduce fossil fuel dependence
After COVID-19, Ukraine invasion, third energy crisis of the 2020s triggers reassessment of supply vulnerabilitiesRenewables, EV dominance insulates China from oil price shockPoliticians in Japan, Europe and Taiwan seek nuclear power revivalRenewable energy shift risks creating new dependency on Chi...Reuters
an hour ago
Phantom flight: Iran war creates 9,100-km round trips to nowhere
About 30 Emirates flights to Dubai sent back, rerouted on MondayDozens of 'flights to nowhere' caused by Middle East warAround 30,000 flights to and from Middle East cancelled By Alessandro Parodi March 18 (Reuters) - As Emirates flight EK10 from London cruised over Saudi Arabia on Monday...Reuters
2 hours ago
Qatar offloads five LNG slots at Belgium's Zeebrugge terminal for April, sources say
By Marwa Rashad LONDON, March 18 (Reuters) - QatarEnergy has offered up five slots for unloading, storage and regasification of liquefied natural gas at Belgium's Zeebrugge terminal for the month of April, three industry sources said on Wednesday, indicating its facilities could remain shut d...Reuters
2 hours ago
Putin aide says attack on LNG tanker in Mediterranean was an act of terrorism
MOSCOW, March 18 (Reuters) - Nikolai Patrushev, an aide to President Vladimir Putin, said on Wednesday that Russia considers the attack on a Russian LNG tanker in the Mediterranean Sea to be "an act of international terrorism", the Interfax news agency reported.Russia's Transport Ministr...Reuters
2 hours ago
