News
Important Only
US crude heads to Asia via Panama Canal as Iran crisis redraws trade flows
At least 3 vessels from US Gulf Coast to Asia to head via Panama CanalMedium-sized tankers chosen despite higher costs per barrelJones Act waiver may boost Panama Canal trafficBy Arathy SomasekharHOUSTON, March 19 (Reuters) - Asian refiners are increasingly sending medium-sized crude cargoes from th...Reuters
7 minutes ago
IEA: crude oil to make up bulk of record stockpile release
PARIS, March 19 (Reuters) - The International Energy Agency (IEA) on Thursday detailed the breakdown of its previously agreed record release of around 400 million barrels of oil from strategic stockpiles to deal with the effects of the U.S-Israeli war with Iran, adding that crude oil would make up t...Reuters
14 minutes ago
North Dakota operators likely to increase crude output in March, regulator says
By Siddharth Cavale NEW YORK, March 19 (Reuters) - North Dakota crude output is expected to rise in March and the following months as operators in the third-largest oil-producing state restart inactive wells and winter restrictions are eased, the state's regulator said on Thursday.The North D...Reuters
40 minutes ago
Brent up but off highs, US crude briefly down, trading volatile
Easing Iran crude sanctions, new SPR release breing prices downQatar, Saudi Arabia, Kuwait hit by Iran missile attacksBrent falls $11 from session high over $119By Erwin Seba HOUSTON, March 19 (Reuters) - Brent crude was up on Thursday but well off session highs of $119 a barrel while U.S. cr...Reuters
48 minutes ago
Trump says he told Netanyahu not to repeat Iranian gas field attack
Trump claims no prior knowledge of Israeli strike on Iran gas fieldIsraeli officials say strike was coordinated with U.S., despite Trump's denialGulf countries seek U.S. explanations after Iranian retaliatory attacksBy Rami Ayyub and Humeyra Pamuk JERUSALEM/WASHINGTON, March 19 (Reuters) - ...Reuters
51 minutes ago
EU wheat pauses as energy upheaval assessed
PARIS, March 19 (Reuters) - European wheat futures ended little changed on Thursday as the market paused after recent gains spurred by upheaval in energy markets amid the deepening Middle East conflict.May milling wheat BL2K6 on Euronext settled 0.2% down at 207.00 euros ($239.09) a metric ton. The ...Reuters
51 minutes ago
Gold crashes below $4,600 as US yields spike, Fed cut bets delayed until 2027
Gold (XAU/USD) retreats more than 4.5% on Thursday as US Treasury yields rise amid investor concerns about high energy prices, while a solid US jobs report prompted traders to price out a rate cut in 2026, with expectations of the first move in 2027.
Fxstreet
53 minutes ago
GRAINS-Chicago grains extend gains as Mideast war disrupts fuel, fertilizer
By Renee Hickman CHICAGO, March 19 (Reuters) - Chicago soybean, corn and wheat futures extended gains on Thursday as attacks on oil and gas facilities in the Middle East heightened concerns about war disrupting energy and fertilizer supplies, analysts said. Brent oil prices LCOc1 jumped above $11...Reuters
57 minutes ago
Hungary's Orban resists EU leaders' pressure to unblock on Ukraine loan
90 bln euro loan held up by dispute over Druzhba pipelineFunding vital for Kyiv as it fights Russia's invasionOther EU leaders say Orban's stance is unacceptableHungarian leader says pipeline must be fixed firstBy Lili Bayer and Kate Abnett BRUSSELS, March 19 (Reuters) - European Union le...Reuters
58 minutes ago
PRECIOUS-Gold extends losing streak on expectations of tighter policy from central banks
Oil jumps above $110 a barrel on Middle East energy attacksUS weighs military reinforcements Big cenbanks keep options open as traders suspect war will bring rate hikesBy Ashitha Shivaprasad March 19 (Reuters) - Gold prices dropped over 4% on Thursday, falling for a seventh consecutive session, a...Reuters
59 minutes ago
Goldman Sachs flags upside risks to oil prices in near term and into 2027
March 19 (Reuters) - Goldman Sachs said on Thursday that risks to oil prices remain skewed to the upside both in the near term and into 2027.The bank added that the persistence of several past large supply shocks highlights the possibility that oil prices could remain above $100 per barrel.Benchmark...Reuters
59 minutes ago
Iranian attack hits Israeli oil refinery in Haifa, some damage reported
JERUSALEM, March 19 (Reuters) - An Iranian missile attack hit Israel's Oil Refineries ORL.TA in the northern port city of Haifa but did not cause "significant damage", Israel's Energy Ministry said on Thursday.Energy Minister Eli Cohen said power was briefly disrupted, with electrici...Reuters
an hour ago
States challenge Trump decision to revoke basis of US climate regulations
By David Shepardson WASHINGTON, March 19 (Reuters) - Twenty-three states, led by Democratic-governed New York and California, along with 14 cities and counties, sued President Donald Trump's administration on Thursday seeking to undo its decision to revoke the government's scientific find...Reuters
an hour ago
WRAPUP 5-Energy prices surge as Iran attack on Qatar LNG plant threatens long-term exports
Qatar says attack on LNG facility could take five years to repairQatar says it may have to declare force majeure on futures contractsAttacks are a doomsday scenario for natural gas, analyst saysBy Maha El Dahan, Andrew Mills and Yousef Saba March 19 (Reuters) - Energy prices surged on Thursday af...Reuters
an hour ago
Europe Gasoline/Naphtha-Gasoline refining margins jump on lower stocks
LONDON, March 19 (Reuters) - Northwest European gasoline refinery profit margins rose sharply by about $7 to $18.87 a barrel on Thursday, buoyed by lower Atlantic basin inventories and new attacks on refineries in the Middle East.About 22,000 metric tons of E10 gasoline barges traded in the Argus wi...Reuters
an hour ago
Japan to back low-emissions furnace with up to $1.1 billion debt guarantee, Nikkei reports
March 20 (Reuters) - Japan plans to guarantee up to 180 billion yen ($1.14 billion) in loans for a low-emissions furnace of JFE Holdings' steel unit 5411.T, the Nikkei reported on Friday.JFE Steel, Japan's second-biggest steel maker and a unit of JFE Holdings, plans to build a high-efficienc...Reuters
an hour ago
Chevron restarts jet fuel unit at 285,000-bpd refinery in El Segundo, California after repairs
NEW YORK, March 19 (Reuters) - Chevron's CVX.N 285,000-barrel-per-day El Segundo refinery in southern California has brought a jet fuel-producing unit back online after five months of repairs and maintenance following a fire, the company said on Thursday."The Chevron El Segundo Refinery has ...Reuters
an hour ago
Wright says Trump administration has no plan to restrict oil and gas exports
WASHINGTON, March 19 (Reuters) - U.S. Energy Secretary Chris Wright on Thursday said in a post on X that President Donald Trump's administration has no plan to implement restrictions on oil and gas exports.Reuters
an hour ago
UN shipping agency IMO calls for safe corridor to evacuate seafarers from Gulf
LONDON, March 19 (Reuters) - Countries at the UN’s shipping agency agreed to work towards a safe maritime corridor to evacuate commercial ships from the Gulf to protect seafarers during the U.S.-Israeli war on Iran.In an extraordinary session to discuss the Middle East, the International Maritime Or...Reuters
an hour ago
EXCLUSIVE-US weighs military reinforcements as Iran war enters possible new phase
Trump considers deploying troops to Middle EastOptions include securing Strait of Hormuz and Kharg IslandDeployment of ground forces could anger parts of Trump's base By Phil Stewart, Idrees Ali, Erin Banco and Gram Slattery WASHINGTON, March 18 (Reuters) - President Donald Trump's admini...Reuters
an hour ago
