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Kremlin denies Politico report on Russian proposal to U.S. on cutting intelligence sharing with Iran
March 23 (Reuters) - The Kremlin on Monday cast as false a Politico report that Russia had offered to cut off intelligence sharing with Iran in exchange for the United States ending its support for Ukraine."This report - we have seen it," Kremlin spokesman Dmitry Peskov told reporters. "...Reuters
7 minutes ago
WRAPUP 4-Iran threatens to strike Gulf power plants after Trump ultimatum
Israel launches new wave of attacks on TehranWashington Post says Khamenei is injured, isolatedIran 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/JERUSALEM/WASHINGTON, Mar...Reuters
8 minutes ago
Kremlin says strikes near Bushehr nuclear plant in Iran are dangerous
MOSCOW, March 23 (Reuters) - U.S.-Israeli strikes near the Bushehr nuclear power plant in Iran are extremely dangerous and Russia has shared its concerns with the United States, Kremlin spokesman Dmitry Peskov said on Monday.Such strikes could have irreparable consequences, Peskov said.Reuters
23 minutes ago
EUROPE GAS-European prices rise over Middle East energy war jitters
OSLO, March 23 (Reuters) - Dutch and British gas contracts rose early on Monday and face another volatile trading session as the war in the Middle East risks escalating strikes on energy infrastructure and the reopening of the Strait of Hormuz remains elusive. The benchmark Dutch front-month contrac...Reuters
27 minutes ago
ADNOC CEO to address CERAWeek virtually, will travel to Washington, spokesperson tells Reuters
March 23 (Reuters) - Abu Dhabi state oil giant ADNOC's Group Chief Executive Sultan Al Jaber will not travel to Houston for the CERAWeek energy conference and will participate virtually, an ADNOC spokesperson told Reuters. Al Jaber will travel to Washington on a 48-hour trip to hold a series of ...Reuters
33 minutes ago
Russia's Baltic ports halt oil and fuel exports after drone attacks, sources say
Primorsk and Ust-Luga Russia's largest western oil export hubsPrimorsk was previously attacked in SeptemberFuel reservoirs in Primorsk set ablaze by drones, governor says MOSCOW, March 23 (Reuters) - The Baltic Sea ports of Primorsk and Ust-Luga, Russia's largest petroleum export outl...Reuters
43 minutes ago
Greece announces subsidies to shield consumers, farmers from energy price spike
Adds detail, quotes ATHENS, March 23 (Reuters) - Greece will offer subsidies for fuel and fertilisers and ferry ticket discounts worth a total 300 million euros ($346 million) in April and May to shield consumers and farmers from rising energy prices stemming from the Iran conflict, Prime Ministe...Reuters
44 minutes ago
Greece announces subsidies to shield consumers, farmers from energy price spike
ATHENS, March 23 (Reuters) - Greece will offer subsidies for fuel and fertilisers and ferry ticket discounts worth a total 300 million euros ($346 million) in April and May to shield consumers and farmers from rising energy prices stemming from the Iran conflict, Prime Minister Kyriakos Mitsotakis s...Reuters
an hour ago
Oil: Demand elasticity estimates point to limited relief – Societe Generale
Societe Generale economists argue that Oil demand remains structurally inelastic despite sharp price gains. They estimate short‑run crude demand elasticity at –0.024, implying around 1.2 mb/d of lost demand so far, and warn that a move toward $150/bbl could destroy up to 2.7 mb/d of consumption.Fxstreet
an hour ago
China limits fuel price hike to cushion impact of rising oil prices
By Sam Li and Lewis Jackson BEIJING, March 23 (Reuters) - China intervened to cushion rising fuel prices on Monday, increasing regulated ceiling prices for retail gasoline and diesel but limiting the hike to about half what would normally be applied under the government's pricing mechanism.Ho...Reuters
an hour ago
PRECIOUS-Gold dives to 4-month low as inflation pressures lift rate hike bets
Gold down for 9th straight session after worst week in 43 yearsSilver, platinum lowest since mid-DecemberIran vows to hit Gulf infrastructure if US strikes power gridMarket bets on Fed rate hike this year surgeBy Noel John March 23 (Reuters) - Gold slid more than 8% on Monday to hit its lowest le...Reuters
an hour ago
South Africa's Thungela posts full-year loss on weaker coal prices
March 23 (Reuters) - South African coal miner Thungela Resources TGAJ.J reported a a full-year loss on Monday, hit by a decline in prices.The thermal coal exporter reported a headline loss per share of 6.47 rand ($0.3752) in the year ended December 31, from headline earnings per share of 25.59 rand ...Reuters
2 hours ago
US crude spikes 3% as Iran threatens to hit Gulf power infra over Trump warning
Trump gives Iran 48 hours to reopen Strait of HormuzIran threatens to strike Gulf power plants after Trump ultimatumMiddle 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) - O...Reuters
2 hours 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 supplies, with Ecuador, Colombia and Mexico cited as possible options.Oil buyers elsewhere, including from Japan, are looking for optio...Reuters
2 hours ago
FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
March 23 (Reuters) - A surge in jet fuel prices, driven by the U.S.-Israeli war on Iran, has upended the global aviation industry, prompting airlines to raise fares and revise financial outlooks.Jet fuel prices have soared from $85-$90 per barrel to $150-$200 per barrel in recent days for an indust...Reuters
2 hours ago
