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Gold Tumbles Below $4,650 as Inflation Fears and Liquidity Squeeze Weigh
Gold price (XAU/USD) remains under selling pressure near $4,640 during the early Asian session on Friday. The precious metal extends the decline as soaring crude oil and energy prices, driven by the escalating US-Israeli war with Iran, reignite inflation fears.
Fxstreet
23 minutes ago
Oil falls as US and allies look to boost supply, unchoke Strait of Hormuz
By Helen Clark PERTH, March 20 (Reuters) - Oil prices fell on Friday as leading European nations and Japan offered to join efforts to secure safe passage for ships through the Strait of Hormuz and the U.S. outlined moves to boost oil supply.Looking to curb soaring oil prices, U.S. Treasury Secret...Reuters
10 minutes ago
Saudi Arabia expects oil to climb over $180 if energy shock continues until late April, WSJ reports
March 19 (Reuters) - Oil officials in Saudi Arabia are projecting that oil prices could soar past $180 a barrel if disruptions due to the Iran war persist until late April, the Wall Street Journal reported on Thursday.Reuters could not immediately verify the report.Reuters
27 minutes ago
EU leaders vent anger after Hungary's Orban keeps blocking Ukraine loan
90 bln euro loan held up by dispute over pipelineFunding vital for Kyiv as it fights Russia's invasionMerz, other leaders fiercely critical of Orban Hungarian leader says pipeline must be fixed firstBy Andrew Gray and Lili Bayer BRUSSELS, March 19 (Reuters) - European Union leaders failed to ...Reuters
34 minutes ago
EU Leaders Call for Moratorium on Strikes Against Energy and Water Facilities in Middle East
BRUSSELS, March 19 (Reuters) - European Union leaders called on Thursday for a moratorium on military strikes on energy and water facilities in the Middle East, amid growing concerns about the impact of the Iran war on the global economy.Reuters
39 minutes ago
EU eyes energy tax cuts, subsidies to ease Iran war impact
EU exposed to price surges by reliance on imported energy EU leaders ask Brussels to prepare 'targeted temporary measures'Divisions over weakening EU carbon market to cut costs By Kate Abnett BRUSSELS, March 20 (Reuters) - European Union leaders called on Thursday for temporary measures t...Reuters
40 minutes ago
WTI drifts lower to near $93.50 as US and Israeli leaders seek to calm Middle East war concerns
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $93.50 during the early Asian trading hours on Friday. The WTI price declines as the leaders of the US and Israel sought to reassure traders rattled by damage to major Persian Gulf energy facilities.
Fxstreet
51 minutes ago
USDA attache sees China 2026/27 corn imports steady at 8 million T
March 19 (Reuters) - Following are selected highlights from a report issued on Thursday by the U.S. Department of Agriculture's (USDA) Foreign Agricultural Service post in Beijing: "China's MY (marketing year) 2026/27 total feed and residual use of major grains is forecast to increase sl...Reuters
an hour ago
Korea Gas Corp says has sufficient capability to respond to supply and demand crises
SEOUL, March 20 (Reuters) - South Korea's state-run Korea Gas Corp said on Friday it has inventory levels of liquefied natural gas (LNG) exceeding mandatory reserve requirements, and it has sufficient capabilities to respond to supply and demand crises.Reuters
an hour ago
EU exec to propose lower electricity taxes to counter Iran price shock
BRUSSELS, March 20 (Reuters) - The European Commission will propose that EU countries cut taxes on electricity and subsidise prices as a quick way to soften the energy price shock caused by the U.S.-Israeli war on Iran, Commission head Ursula von der Leyen told a news conference. "In some cases,...Reuters
2 hours ago
WRAPUP 2-Trump tells Israel not to repeat strikes on Iranian energy as crisis deepens
Iran strikes badly damage Qatar gas outputTrump says US not told in advance of Israel's gas field strikeTrump says not sending more troops to the regionBy Andrew Mills, Trevor Hunnicutt and Maayan Lubell DOHA/WASHINGTON/JERUSALEM, March 20 (Reuters) - President Donald Trump told Israel not to...Reuters
2 hours ago
EXPLAINER-What are the EU's options to curb energy bills?
By Kate Abnett BRUSSELS, March 19 (Reuters) - European Union leaders on Thursday asked the European Commission to prepare temporary measures to curb energy prices, which have soared during the Iran war and piled pressure on already-struggling European industries.Here's why prices are risi...Reuters
3 hours ago
LIVESTOCK-CME cattle futures drop as corn futures climb, boxed beef dips
CHICAGO, March 19 (Reuters) - Chicago Mercantile Exchange feeder cattle futures ticked down on Thursday for a second session in a row as Chicago Board of Trade corn futures Cv1 moved up. Live cattle also fell as boxed beef values headed down.CME April feeders FCJ26 finished down 3.45 cents at 355.27...Reuters
3 hours ago
CORRECTED-Carney climate plan at risk as Canadian oil companies stress need to boost production
Negotiations with Alberta on carbon pricing face delays, sources sayOil sands companies resist federal carbon pricing proposalCanada's climate targets at risk amid rising oil productionBy Amanda Stephenson CALGARY, March 18 (Reuters) - A key plank of Canadian Prime Minister Mark Carney's ...Reuters
3 hours ago
Locked out BP workers picket outside Indiana refinery amid labor contract dispute
BP locks out 800+ union members amid contract disputeUnion claims BP demands job cuts, wage reductions, and loss of bargaining rightsBP insists lockout justified, no expected impact on operationsBy Nicole Jao NEW YORK, March 19 (Reuters) - Workers at BP’s BP.L Whiting, Indiana, refinery began pic...Reuters
4 hours ago
Canada's Orla Mining beats Q4 adjusted EPS expectations on production growth
OverviewCanada gold miner's Q4 revenue rose yr/yr, adjusted EPS beat analyst expectationsAdjusted EPS for Q4 beat consensus, driven by Musselwhite mine integration and production growthCompany paid inaugural quarterly dividend in February 2026, announced in late 2025OutlookOrla sees 2026 gold pr...Reuters
4 hours ago
BREAKINGVIEWS-Energy shock will make hoarding the new normal
By Una Galani HONG KONG, March 20 (Reuters Breakingviews) - The Middle East conflict will permanently alter how governments think about energy stockpiles. As countries converge on China's model of prioritising resilience over efficiency, national hoarding will become more common. It should ke...Reuters
4 hours ago
EU leaders call for moratorium on strikes against energy and water facilities in Middle East
BRUSSELS, March 19 (Reuters) - Leaders from the European Union's 27 countries called for de-escalation in Iran and the wider region on Thursday as well as a moratorium on striking critical infrastructure, amid growing concerns about the impact of the Iran war on the global economy. Leaders discu...Reuters
4 hours ago
Phillips 66 Borger, Texas, Refinery Reports Emissions
March 19 (Reuters) - Phillips 66 PSX.N:REPORTS EMISSIONS FROM U29 FCCU 29P1 AT JV BORGER, TEXAS, REFINERY REPORTS AN AGENCY REPORTABLE EXCESS OPACITY EMISSION EVENT OCCURRED ON MARCH 19, 2026 AT THE U29 FCCUSAYS THE EVENT WAS REPORTABLE DUE TO EMISSIONS RESULTING IN OPACITY GREATER THAN 35% ON A 6-M...Reuters
4 hours ago
Canada's Hammond Power Solutions Q4 sales beat estimates, driven by strong US demand
OverviewCanada transformer maker's Q4 sales rose 22%, beating analyst expectationsQ4 adjusted EPS of C$1.98 beat analyst expectationsCompany backlog rose 122% yr/yrOutlookCompany says backlog at Dec 31, 2025 provides meaningful revenue visibility entering 2026Hammond Power expects expanded capac...Reuters
4 hours ago
