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Silver Plunges 6% Erasing All Year-to-Date Gains. Global Liquidity Run Is Erupting
TradingKey - Spot silver experienced a sharp sell-off during Monday's Asian trading session, with intraday losses widening to over 6% as prices breached the $64 mark to hit a new year-to-date low. Technical charts show silver underwent a distinct "waterfall" decline in a short period, reflecting a rapid shift in market sentiment.
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20 minutes ago
BREAKINGVIEWS-Iran war will put energy barters on the table
By Antony Currie MELBOURNE, March 23 (Reuters Breakingviews) - Fatih Birol is trying to shake the world out of its complacency. In a visit to Canberra on Monday, the boss of the International Energy Agency echoed sobering comments he gave to the Financial Times last week that the U.S.-Israeli war...Reuters
11 minutes ago
European gasoline heads to Asia as Iran war sparks supply fears
Traders expect tight supply in summer due to prolonged warAsian gasoline margin quadruples from pre-war to about $37/bbl By Mohi Narayan and Ahmad Ghaddar NEW DELHI/LONDON, March 23 (Reuters) - European and U.S. gasoline cargoes are heading to the Asia Pacific after Asian prices surged on tighten...Reuters
11 minutes ago
Russian space craft antenna problem forces manual docking with ISS
MOSCOW, March 23 (Reuters) - An unmanned Russian cargo spacecraft has a problem with an antenna so it will have to be manually docked when it reaches the International Space Station (ISS), Russia's Roscosmos state space corporation said in a statement.A Soyuz-2.1a rocket launched the Progress MS...Reuters
19 minutes ago
FOCUS-One battle after another: Iran war deals new blow to Europe's industrial heartland
Iran war ramps up energy costs for European companies Supplies of key raw materials also hit by the conflictLatest blow comes after COVID, Ukraine war and US tariffsCompanies cut costs and put investment on holdBy Christoph Steitz and Dominique Patton KLEINKARLBACH, Germany, March 23 (Reuters) - ...Reuters
32 minutes ago
PRESS DIGEST-Financial Times - March 23
March 23 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines- Poste Italiane launches 10.8 billion euro bid for Telecom Italia- Solo investor Air Street raises $232 million to chase hot AI b...Reuters
36 minutes ago
Oil whipsaws as war risks to energy facilities counter prospect of eased Iran sanctions
Trump gives Iran 48 hours to reopen Strait of HormuzIran threatens Gulf energy, water if US hits power plantsMiddle East crisis 'very severe', IEA's Birol saysUS temporarily waives sanctions on Iranian oil at seaBy Mohi Narayan and Florence Tan NEW DELHI, March 23 (Reuters) - Oil pric...Reuters
43 minutes ago
PRECIOUS-Gold slides to nearly 4-month low as Mideast tensions stoke inflation fears
Iran vows to hit Gulf infrastructure if US strikes power gridMarket bets on Fed rate hike this year surgeOil prices remain above $110 per barrelBy Noel John March 23 (Reuters) - Gold prices slipped more than 2% on Monday, hitting a nearly four-month low, as an escalating Middle East conflict stokReuters
49 minutes ago
UAE's ADNOC Gas adjusts LNG output in response to shipping disruption
March 23 (Reuters) - The gas subsidiary of ADNOC, Abu Dhabi's state oil firm, on Monday said it made temporary adjustments to its production of liquefied natural gas and export-traded liquids in response to ongoing shipping disruption in the Strait of Hormuz. The U.S.-Israeli war on Ira...Reuters
50 minutes ago
Japan Petroleum Association eyes North America for crude supply options
TOKYO, March 23 (Reuters) - Japan Petroleum Association President Shunichi Kito said on Monday that North America was one potential source for alternative crude oil supply to the Middle East, with Ecuador, Colombia and Mexico also possible options.Kito, who is also chairman of Japan's second-big...Reuters
52 minutes ago
TABLE-North Sea gas maintenance schedule: Adds Bacton SEAL (Elgin Franklin) outage
March 23 (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.OPERATORLOCATIONOUT...Reuters
an hour ago
Iran points at tit for tat retaliation if power plants targeted, statement
DUBAI, March 23 (Reuters) - Iran will retaliate to an attack on its electricity sector by targeting Israel's power plants as well as power plants supplying U.S. bases with electricity in regional countries, a statement by the Revolutionary Guards on Monday said. The statement seemingly retracted...Reuters
2 hours ago
FACTBOX-Analysts hike oil price outlooks as Iran conflict persists
March 23 (Reuters) - Major brokerages have revised their 2026 average oil price forecasts as the U.S.-Israeli war on Iran rages on, with the conflict having sent oil prices surging more than 50% this month. Goldman Sachs raised its Brent crude oil forecast for 2026 to $85 a barrel from $77, citi...Reuters
2 hours ago
US energy, interior secretaries meet executives amid market turmoil
By Arathy Somasekhar and Georgina McCartney HOUSTON, March 22 (Reuters) - U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum discussed everything from raising domestic oil output to opportunities in Venezuela with energy executives in Houston on Sunday amid the world's wors...Reuters
2 hours ago
WRAPUP 2-Iran threatens to retaliate against Gulf energy and water after Trump ultimatum
Israel launches new wave of attacks on TehranSaudi Arabia says it intercepted ballistic missiles headed for RiyadhIran vows to strike Gulf infrastructure if US attacks power gridTehran says strait open to all but 'enemies'By Maayan Lubell, Alexander Cornwell and Idrees Ali TEL AVIV/JERUSA...Reuters
2 hours ago
UN weather agency confirms hottest decade on record
GENEVA, March 23 (Reuters) - The years between 2015 and 2025 have been the hottest since records began, the U.N. weather agency said on Monday, with 2025 ranking either second or third overall.The World Meteorological Organization report said 2015-2025 were the hottest 11 years since records began i...Reuters
3 hours ago
IEA Discussing Further Oil Stock Releases, Chief Birol Says
PERTH/SYDNEY, March 23 (Reuters) - The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday.Reuters
3 hours ago
Goldman Sachs Raises 2026 Brent Crude Average Price Forecast by $8 to $85 a Barrel
March 22 (Reuters) - Goldman Sachs late on Sunday raised its 2026 average price forecast for Brent crude oil to $85 per barrel (bbl) from $77, while raising its West Texas Intermediate (WTI) forecast to $79/bbl from $72.Reuters
4 hours ago
