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WTI Price Analysis: Middle East war de-escalation restricts oil rally around $103.40
West Texas Intermediate (WTI), futures on NYMEX, is down 0.8% to near $96.60 in the early European trade on Wednesday. The oil price extends its correction from the three-week high of 103.33 posted on Tuesday on hopes of a ceasefire in the Middle East war.
Fxstreet
4 minutes ago
TABLE-North Sea gas maintenance schedule
April 1 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTA...Reuters
17 minutes ago
ROI-US natural gas supply outlook hinges on three key shale basins: Maguire
By Gavin MaguireLITTLETON, Colorado, April 1 (Reuters) - Natural gas touches almost every corner of the U.S. economy, fuelling power plants, homes, factories and the booming LNG export sector. But the supply needed to meet all those uses is coming from an ever-narrower slice of America's shale p...Reuters
28 minutes ago
PRECIOUS-Gold steady near two-week highs on MidEast de-escalation reports
Trump says US could end Iran war within two to three weeksTrump to address nation on Iran at 9 pm EDT on Wednesday Gold rises to its highest level since March 20Dollar drops on Iran de-escalation hopesBy Noel John April 1 (Reuters) - Gold held steady on Wednesday after hitting a two-week high as ...Reuters
an hour ago
US extends licence for Russian oil transit via Kazakhstan to China until March 2027, Ifx says
MOSCOW, April 1 (Reuters) - The U.S. Office of Foreign Assets Control extended the licence for Russian oil transit to China via Kazakhstan until March 2027, Interfax news agency on Wednesday cited the energy ministry of the Central Asian nation as saying.In 2024, the transit totalled 10.2 million t...Reuters
an hour ago
Tanker hit by two projectiles off Qatar, one unexploded, UKMTO says
April 1 (Reuters) - A tanker struck off Qatar was hit by two projectiles, one causing a fire that has since been extinguished and another remaining unexploded in the vessel's engine room, the United Kingdom Maritime Trade Operations (UKMTO) said on Wednesday.The vessel was struck about 17 nautic...Reuters
an hour ago
Northern Minerals says Australia blocks Hong Kong investor from voting, selling most of stake
Northern Minerals is developing large source of heavy rare earthsChinese shareholders may have sold to related party in breach of 2024 orderThere are concerns that Chinese parties want control of the companyBy Melanie Burton and Roushni Nair MELBOURNE, April 1 (Reuters) - Northern Minerals NTU.AX...Reuters
2 hours ago
Oil up over 1% as Mideast uncertainty keeps market jittery
U.S.-Israeli campaign against Iran could end within two to three weeks, Trump saysUncertainty lingers around developments and how supply chains can revive OPEC oil output falls in March, Reuters survey findsBy Colleen Howe and Jeslyn Lerh SINGAPORE, April 1 (Reuters) - Oil rose more than 1% on We...Reuters
2 hours ago
ROI-Iran war is both a boost and a threat to Australia's LNG: Russell
By Clyde Russell SYDNEY, April 1 (Reuters) - The U.S. and Israeli war against Iran has changed the global market for liquefied natural gas (LNG), providing a boost to producers outside the Middle East that will likely last long after the current conflict ends.One of the major beneficiaries is Aus...Reuters
2 hours ago
South Korea, Indonesia sign agreements on minerals, tech and finance during Prabowo visit
SEOUL, April 1 (Reuters) - South Korean President Lee Jae Myung held summit talks in Seoul on Wednesday with Indonesian leader Prabowo Subianto, where they agreed to expand cooperation on critical minerals, technology, and clean energy, Seoul's presidential Blue House said.The agreements also in...Reuters
3 hours ago
India grants temporary customs duty relief for SEZ goods sold domestically
NEW DELHI, April 1 (Reuters) - India will grant a temporary customs duty relief for goods manufactured in special economic zones (SEZs) and sold in the domestic market, according to a government notice dated Tuesday.The lowered duty rates will range between 5% to 12.5% across industries, with levies...Reuters
3 hours ago
GRAINS-Corn rises for second session on outlook for lower US planting
US farmers to plant less corn due to higher fertilizer pricesWheat market supported by dry weather hitting US winter cropBy Naveen Thukral SINGAPORE, April 1 (Reuters) - Chicago corn futures gained more ground on Wednesday, supported by robust demand and expectations that U.S. farmers will plant ...Reuters
3 hours ago
METALS-Copper rises to two-week high on hopes for end to Iran war
April 1 (Reuters) - Copper rose to two-week highs on Wednesday, as investors are betting on signs of de-escalation in the ongoing war in the Middle East.The benchmark three-month copper on the London Metal Exchange CMCU3 rose 1.03% to $12,463 a metric ton as of 0243 GMT after hitting $12,414, the hi...Reuters
3 hours ago
PRECIOUS-Gold ticks up as dollar slips on Mideast de-escalation hopes
Trump says US could end Iran war within two to three weeksTrump to address nation on Iran at 9 pm on Wednesday Gold rises to its highest level since March 20Dollar falls 0.2% on Iran de-escalation hopesBy Noel John April 1 (Reuters) - Gold prices edged higher on Wednesday to their highest in near...Reuters
4 hours ago
Kuwait says Iran drone attack sets airport fuel tanks ablaze, no casualties
April 1 (Reuters) - An Iranian drone attack struck fuel tanks at Kuwait International Airport on Wednesday, sparking a massive fire but causing no casualties, Kuwait's state news agency KUNA said.The latest of several attacks on the airport and fuel storage there came as the U.S.-Israeli war on ...Reuters
4 hours ago
Asia barters for scarce energy as Iran crisis throttles supplies
Indonesia, India seek energy swap deals with JapanChina export ban hastens hunt for alternative suppliers South Korea, Sri Lanka turn to Russia for relief'Frenzied' search for fuel looms, New Zealand official says By Kentaro Okasaka, Uditha Jayasinghe and Lucy Craymer TOKYO/COLOMBO/WEL...Reuters
4 hours ago
Rubio says Venezuela will ultimately need transition phase, free elections
By Kanishka Singh WASHINGTON, March 31 (Reuters) - U.S. Secretary of State Marco Rubio on Tuesday said there will have to be a transition phase in Venezuela and the country will need free and fair elections, though he added that there needs to be patience until that point is reached."Ultimate...Reuters
4 hours ago
