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Silver Price Forecast: XAG/USD nosedives to $70 as Fed is unlikely to cut interest rates this year
Silver price (XAG/USD) plummets almost 6.5% to near $70 during the European trading session on Thursday. The white metal faces intense selling pressure as traders raise bets favoring an extended pause by the Federal Reserve (Fed).
Fxstreet
3 minutes ago
From chemical producers to sento baths, Japan feels the heat from Middle East supply crisis
Japan gets around 90% of its oil from the Middle EastOpened taps for a record oil stockpile release on MondayPetrochemicals, steel, refineries and even sento baths are hitBy Katya Golubkova and Mariko Katsumura TOKYO, March 19 (Reuters) - Japanese companies, from steel producers to chemical firms...Reuters
8 minutes ago
Exxon, BP, Vitol ship most US fuels to Australia for a single month in three decades, traders say
At least 200,000 tons of refined fuels to be shippedTankers will mostly be loaded by the end of MarchVoyage typically takes 30-40 daysAustralia usually relies on Asia for most of its fuel importsBy Trixie Yap and Shariq Khan SINGAPORE/NEW YORK, March 19 (Reuters) - ExxonMobil, BP and Vitol are sh...Reuters
20 minutes ago
Exxon, BP, Vitol ship most US fuels to Australia for a single month in three decades, traders say
At least 200,000 tons of refined fuels to be shippedTankers will mostly be loaded by the end of MarchVoyage typically takes 30-40 daysAustralia usually relies on Asia for most of its fuel importsBy Trixie Yap and Shariq Khan SINGAPORE/NEW YORK, March 19 (Reuters) - ExxonMobil, BP and Vitol are sh...Reuters
25 minutes ago
Singapore fuel oil inventories hold high; non-Mideast imports firm
By Jeslyn Lerh SINGAPORE, March 19 (Reuters) - Onshore fuel oil inventories in Singapore tanks continued to hold above last month's average levels, with non-Middle Eastern imports firming in the week, data showed.Residual fuel stockpiles were at 24.04 million barrels (about 3.79 million metri...Reuters
27 minutes ago
Oil jumps above $115/bbl after attacks on Mideast energy assets multiply
Brent gains over $7, WTI rises more than $3Qatar, Saudi Arabia, Kuwait hit by Iran missile attacksUS Fed holds rates steady, sees higher inflation amid warBy Shadia Nasralla LONDON, March 19 (Reuters) - Oil prices jumped on Thursday, with benchmark Brent rising to its highest in more than a week ...Reuters
34 minutes ago
WRAPUP 4-Top central banks strike hawkish tone as they convene in war's shadow
US, Canada, Japan keep rates on hold amid inflation concernsCentral banks warn risk of inflation if fuel costs remain highBOJ chief keeps alive expectation of near-term rate hikeBrazil cautious in cutting rates, raises inflation projectionsBy Promit Mukherjee, Howard Schneider and Leika Kihara OT...Reuters
37 minutes ago
China offers to work with Southeast Asia on energy security
BEIJING, March 19 (Reuters) - China, home to the world's biggest oil refining sector, said it was ready to work with Southeast Asia in addressing energy problems stemming from the war in Iran and called on the parties involved to immediately cease military operations.China's show of willingn...Reuters
43 minutes ago
Normalisation with Russia only possible in peace scenario, Belgian PM says
BRUSSELS, March 19 (Reuters) - A normalisation of relations with Russia would only be possible in a scenario of peace, Belgian Prime Minister Bart De Wever said on Thursday.De Wever in recent interviews had called for a reparation of European relations with Moscow to regain access to its cheap energ...Reuters
an hour ago
Will the Iran conflict end Meloni's long Italian honeymoon?
By Stefano BernabeiROME, March 19 (Reuters) - Italy has enjoyed unusual government stability since Prime Minister Giorgia Meloni took office more than three years ago, with a prudent fiscal policy and moderate international stance finding favour with financial markets and voters.But the fallout from...Reuters
an hour ago
BP PLC To Sell Gelsenkirchen Refinery To Klesch Group
March 19 (Reuters) - BP PLC BP.L:BP PLC - BP TO SELL GELSENKIRCHEN REFINERY TO KLESCH GROUPBP: PROPOSED DEAL INCREASES BP'S STRUCTURAL COST REDUCTION TARGET BY AROUND $1 BILLION TO $6.5 TO $7.5 BILLION BY 2027BP: DEAL INCLUDES GELSENKIRCHEN REFINERY AND BOTTROP TANK FARM; DHC SOLVENT CHEMIE GMB...Reuters
an hour ago
China says it is willing to work with Southeast Asian nations on energy security
BEIJING, March 19 (Reuters) - China is willing to strengthen coordination and cooperation with Southeast Asian countries to address energy security issues arising from the war in Iran, the Chinese foreign ministry said on Thursday. The situation in the Middle East has disrupted global energy securit...Reuters
2 hours ago
Prolonged Iran crisis to push buyers to non-Mideast supply, JERA executive says
JERA considering extra spot LNG to cover shortfallsNo change to 27-year LNG contract with QatarEnergyNot pursuing more US upstream gas asset acquisitions for nowBy Yuka Obayashi and Katya Golubkova TOKYO, March 19 (Reuters) - A prolonged U.S.-Israeli war with Iran could push buyers to non-Middle ...Reuters
2 hours ago
Saudi Aramco-Exxon refinery SAMREF in Saudi Arabia's Yanbu targeted, source says
By Yousef Saba and Jana Choukeir March 19 (Reuters) - Oil giant Saudi Aramco's SAMREF refinery in the Red Sea port of Yanbu was targeted in an aerial attack on Thursday, an industry source said, adding there was minimal impact, after other attacks on energy facilities in Qatar and the UAE in ...Reuters
2 hours ago
PRECIOUS-Gold falls to over one-month low on firm dollar, hawkish Fed
Fed and BoC keep interest rates on hold amid inflation concernsTrump considers deploying troops to Middle EastOil rises over $110 a barrel after Iran strikes Middle East energy facilitiesBy Noel John March 19 (Reuters) - Gold prices fell to a more-than-one-month low on Thursday, weighed down by a...Reuters
2 hours ago
Kuwait Petroleum Corporation says drone hit unit at Mina al-Ahmadi refinery causing limited fire
March 19 (Reuters) - Kuwait Petroleum Corporation said one of the operational units at the Mina al-Ahmadi refinery was hit on Thursday by a drone, resulting in a limited fire, state news agency KUNA reported. No injuries were reported.Reuters
2 hours ago
WRAPUP 2-Trump says Israel won't attack Iran gas field again after it 'violently lashed out'
Trump warns Iran not to attack neighbors over Israel's South Pars strikeIran strikes hit Qatar gas facilities, target RiyadhIslamic foreign ministers condemn Iran attacks on neighborsTrump considering sending more troops to Middle EastBy Andrew Mills and Timour Azhari DOHA/RIYADH, March 19 (R...Reuters
2 hours ago
ROI-Iran war leaves deep, costly scar on Mideast energy: Bousso
By Ron Bousso LONDON, March 19 (Reuters) - The Iran war has shattered the fragile coexistence among Gulf energy producers that long underpinned regional stability. Oil and gas markets will now carry a higher Middle East risk premium for years — if not decades.Now in its third week, the conflict h...Reuters
2 hours ago
Gold Briefly Drops Below $4,800 Mark. Is Safe-Haven Logic Changing?
TradingKey - International gold prices extended their corrective trend, weakening intraday to drop below the key 4,800 mark. Performance among safe-haven assets showed significant divergence as the US dollar continued to strengthen, indicating that capital is more inclined to hold high-liquidity assets during periods of rising uncertainty.
TradingKey
2 hours ago
Australian farmers, miners feel diesel squeeze with Iran war
China's ban on product exports to exacerbate shortageSome farmers restricted from planting due to diesel rationingSmaller miners start to change operations to conserve diesel By Melanie Burton and Helen Clark MELBOURNE/PERTH, March 19 (Reuters) - Tight domestic diesel supplies due to limited ...Reuters
2 hours ago
