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Iran war's energy impact forces world to pay up, cut consumption
Strait of Hormuz closure hits 20% of global oil, LNG supplyWorld facing rising prices, prospect of reduced consumptionImpacts could threaten global food security, UN economist warnsBy Alex Lawler and Arathy Somasekhar March 21 - The war in the Middle East has triggered a nightmare scenario for th...Reuters
32 minutes ago
EU urges members to cut gas-storage targets due to Iran war, FT reports
March 21 (Reuters) - The EU has urged member states to lower natural-gas storage targets and start refilling reserves gradually to curb demand, as energy prices spike during the U.S.-Israeli war on Iran, the Financial Times reported on Saturday.Energy Commissioner Dan Jorgensen instructed member sta...Reuters
3 hours ago
Iran ready to let Japanese vessels transit Hormuz, Kyodo reports
TOKYO, March 21 (Reuters) - Iran is ready to let Japanese-related vessels pass through the Strait of Hormuz, a vital artery for global oil supplies, Kyodo news reported, citing Iranian Foreign Minister Abbas Araqchi.Tehran has started talks with Tokyo, including with Foreign Minister Toshimitsu Mote...Reuters
4 hours ago
Refiners in India, elsewhere in Asia look to buy Iranian oil after US waives sanctions
US waives sanctions on Iranian oil at sea for 30 daysIndia set to buy while other Asian refiners making checksAbout 170 million barrels Iranian oil on water - Kpler dataBy Nidhi Verma, Siyi Liu and Florence Tan NEW DELHI/SINGAPORE, March 21 (Reuters) - Indian refiners plan to resume buying Irania...Reuters
4 hours ago
EU member states urged to lower gas-storage targets due to Iran war, FT reports
March 21 (Reuters) - The European Commission has urged EU states to lower natural-gas storage targets and start refilling reserves gradually to curb demand, after the war in Iran disrupted key suppliers and triggered a surge in energy prices, the Financial Times reported on Saturday.EU Energy Commis...Reuters
4 hours ago
US allows 30-day sale of Iran oil at sea in bid to tame prices
Waiver aims to ease oil prices amid US-Israeli war on IranAdds 140 million barrels to global markets, Bessent saysEnergy chief Wright says crude can get to Asia refiners in daysBy Ismail Shakil and Timothy Gardner March 20 (Reuters) - The Trump administration waived sanctions on the purchase of I...Reuters
5 hours ago
US allows 30-day sale of Iran oil at sea in bid to tame prices
Waiver aims to ease oil prices amid US-Israeli war on IranAdds 140 million barrels to global markets, Bessent saysEnergy chief Wright says crude can get to Asia refiners in daysBy Ismail Shakil and Timothy Gardner March 20 (Reuters) - The Trump administration waived sanctions on the purchase of I...Reuters
6 hours ago
United Airlines to cut more flights as it eyes oil above $100 through 2027
CEO Kirby says United to cut 5 percentage points of planned capacity this yearKirby warns oil could rise as high as $175 a barrel CEO says United's annual fuel bill could rise by $11 billionUnited maintains growth strategy despite near-term capacity cutsBy Rajesh Kumar Singh CHICAGO, March 20...Reuters
6 hours ago
Venezuelan oil tycoon Ruperti held by police, lawyers say
March 20 (Reuters) - Venezuelan oil businessman Wilmer Ruperti has been held by authorities since Thursday after the country's intelligence police requested a meeting with him, his lawyers said on Friday."He was supposed to be released at 9:00 this morning, and then 1:00 p.m., and then tonig...Reuters
6 hours ago
Iran ready to let Japanese vessels transit Hormuz, Kyodo reports
TOKYO, March 21 (Reuters) - Iran is ready to let Japanese-related vessels pass through the Strait of Hormuz, a vital artery for global oil supplies, Kyodo news reported, citing Iranian Foreign Minister Abbas Araqchi.Tehran has started talks with Tokyo about possibly opening the strait, Araqchi told ...Reuters
8 hours ago
US lends oil companies 45.2 mln barrels from reserve, first batch of Iran war
By Ismail Shakil and Timothy Gardner WASHINGTON, March 20 (Reuters) - The Trump administration said on Friday it has lent 45.2 million barrels of crude oil from the Strategic Petroleum Reserve to oil companies, in an attempt to control prices that have spiked to four-year highs due to the war on ...Reuters
9 hours ago
WRAPUP 12-US sending Marines and amphibious assault ship to Middle East, officials say
Marine expeditionary force readies for Middle East deploymentPoll shows large majority of US voters oppose ground operation Israeli military says strikes launched on targets in TehranIran attacks refinery in Kuwait as energy fears growAllies' help in Hormuz conditional on ceasefire By Idrees Ali...Reuters
9 hours ago
LIVESTOCK-CME cattle futures rise in anticipation of Cattle on Feed numbers
CHICAGO, March 20 (Reuters) - Chicago Mercantile Exchange cattle futures firmed on Friday as traders anticipated the U.S. Department of Agriculture's monthly Cattle on Feed report, released after the session closed. CME April feeders FCJ26 finished up 2.475 cents at 357.75 cents per pound. April...Reuters
10 hours ago
United Airlines to cut 5% of scheduled flights as fuel prices soar
March 20 (Reuters) - United Airlines UAL.O CEO Scott Kirby said on Friday the airline will cancel about 5% of this year's planned flights in the short term, as jet fuel prices surge due to the Middle East conflict."If prices stayed at this level, it would mean an extra $11 billion in annual ...Reuters
10 hours ago
US authorizes temporary delivery, sale of oil originating from Iran
WASHINGTON, March 20 (Reuters) - The United States on Friday gave a 30-day authorization for the delivery and sale of crude oil and petroleum products of Iranian-origin loaded vessels, according to the U.S. Treasury Department.Reuters
10 hours ago
SoftBank and AEP plan massive Ohio gas-fired AI data center campus
Officials say project strengthens US position in AI raceJapan to invest more than $33 billionPotential new model for data center building boom By Timothy Gardner and Laila Kearney WASHINGTON, March 20 (Reuters) - The U.S. Department of Energy on Friday announced a partnership between Japan's ...Reuters
11 hours ago
US awards contracts for 45.2 million barrels of oil from strategic reserve
March 20 (Reuters) - The U.S. Energy Department said it had awarded contracts to loan 45.2 million barrels of oil from the Strategic Petroleum Reserve(SPR) as of Friday.Companies that have been awarded the SPR contracts include BP Products North America, Gunvor USA, Marathon Petroleum and Shell Trad...Reuters
11 hours ago
Nuclear reactor developer X‑Energy files for US IPO
March 20 (Reuters) - X-Energy has filed for an initial public offering in the United States, it said on Friday, as the reactor developer aims to tap growing investor enthusiasm for nuclear power.The U.S. nuclear industry is in midst of a renaissance after years of stagnation, driven primarily by sur...Reuters
11 hours ago
Cuba rejects US request to bring in fuel, Washington Post reports
WASHINGTON, March 20 (Reuters) - Cuba has rejected a request by the U.S. Embassy in Havana to import diesel fuel for its generators this week amid nationwide blackouts, the Washington Post reported on Friday, citing diplomatic cables it reviewed.The State Department did not immediately respond to a ...Reuters
11 hours ago
US Plains HRW Wheat-Basis mostly steady-to-mixed, Gulf basis dips
CHICAGO, March 20 (Reuters) - Basis bids for hard red winter (HRW) wheat were steady to mixed in most markets in the southern U.S. Plains on Friday in sluggish trade, merchandisers said.Protein premiums for railcar wheat to and through Kansas City rose 1 cent a bushel for wheat with 11.60 and 12.40 ...Reuters
11 hours ago
