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China limits fuel price hike to cushion impact of rising oil prices
NDRC limits fuel price hike brought on by Iran turmoilGasoline and diesel retail ceilings rose over $161 per ton, largest adjustments on recordDrivers queue at gas stations ahead of price riseHigh oil prices may deepen refining losses, analysts warnBy Sam Li and Lewis Jackson BEIJING, March 23 (R...Reuters
13 minutes ago
Trump postpones military strikes on Iranian power plants
WASHINGTON, March 23 (Reuters) - President Donald Trump said on Monday the U.S. has had good and productive conversations with Iran and he will order the military to postpone any military strikes against Iranian power plants and energy infrastructure for five days.Trump's move followed a threat ...Reuters
14 minutes ago
German economy spokesperson: not aware of supply bottlenecks due to Iran war
BERLIN, March 23 (Reuters) - A German economy ministry spokesperson said on Monday that he was not aware of any specific supply bottlenecks due to the closure of the Strait of Hormuz amid fighting in the region."At present, Germany's energy supply security is guaranteed," reiterated the ...Reuters
25 minutes ago
UK's Starmer calls emergency meeting on economy as Iran war risks mount
Markets fall on Monday after Trump threats over the weekendBritain's bonds fall more steeply than peersStarmer asks for 'every lever' to be discussed at CobraBy Andy Bruce March 22 (Reuters) - Prime Minister Keir Starmer summoned a national emergency meeting on Monday to deal with the...Reuters
26 minutes ago
RPT-ROI-Trump's Iran war oil shield is cracking: Bousso
By Ron Bousso LONDON, March 23 (Reuters) - U.S. President Donald Trump went into the Iran war convinced that America’s vast oil wealth would insulate the country from the kind of energy shock now battering much of the world. Four weeks into the conflict, that shield is looking fragile.Trump’s wag...Reuters
30 minutes ago
PRECIOUS-Gold plunges on stronger dollar, Fed tightening expectations
Gold falls to lowest level since November Silver, platinum at lowest since mid-DecemberOil prices hold above $110/bblMarket bets on Fed rate hike increasesBy Ishaan Arora and Pablo Sinha March 23 (Reuters) - Gold fell more than 8% at one point on Monday, hitting a four-month low, after logging i...Reuters
37 minutes ago
EU to convene gas supply group meeting on Iran war
BRUSSELS, March 23 (Reuters) - The European Union's gas coordination group will meet on Thursday to assess the impact of the Iran war on Europe's gas supplies, a European Commission spokesperson told Reuters on Monday. The EU's gas coordination group includes representatives from member ...Reuters
41 minutes ago
Asia faces crisis from Mideast disruption, Singapore foreign minister warns
Asia's oil imports heavily reliant on Middle EastSingapore prepares for economic fallout, emphasizes stability and cooperationWar against Iran 'unnecessary,' minister saysBy Mark Bendeich, Xinghui Kok and Josh Smith SINGAPORE, March 23 (Reuters) - The war against Iran threatens to sen...Reuters
45 minutes ago
Japan oil refiners look to North America for crude supply options
By Yuka Obayashi and Katya Golubkova TOKYO, March 23 (Reuters) - North America is one potential alternative source of crude oil for Japanese oil refiners, with Ecuador, Colombia and Mexico also seen as possible options, Japan Petroleum Association President Shunichi Kito said on Monday. Oil buyer...Reuters
50 minutes ago
CERAWEEK-Saudi Aramco boss pulls out of major energy conference due to Iran conflict, source says
CERAWeek organizers informed of Nasser's withdrawal, source saysAramco faces biggest challenges since COVID-19 and 2019 attacksKuwait state oil firm KPC's CEO to speak from Kuwait, source saysUAE oil firm ADNOC's CEO addressing event virtually, later travelling to WashingtonAbu Dhabi wea...Reuters
56 minutes ago
Putin calls for 'balanced decisions' on Russia's windfall energy revenues amid global price spike
MOSCOW, March 23 (Reuters) - Russian President Vladimir Putin asked the government on Monday to make "balanced decisions" on how to use windfall state revenues from energy exports caused by a spike in global prices."Regarding the federal budget, it is also necessary to make balanced deci...Reuters
an hour ago
Venture Global Says Vitol Agrees To Buy About 1.5 Million Tonnes/ Annum Of U.S. LNG From Co For 5 Years Starting 2026
March 23 (Reuters) - Venture Global Inc VG.N:VENTURE GLOBAL: VITOL AGREES TO BUY ABOUT 1.5 MILLION TONNES/ ANNUM OF U.S. LNG FROM CO FOR 5 YEARS STARTING 2026Source text: [ID:]Reuters
an hour ago
Cebu Pacific raises fares, flags potential capacity cuts amid Middle East conflict
By Julie ZhuHONG KONG, March 23 (Reuters) - Philippine budget carrier Cebu Pacific CEB.PS on Monday said it raised all-in average fares by as much as 26% and may cut capacity in the third quarter as soaring jet fuel costs triggered by the U.S.-Israeli war on Iran threaten to erode profitability.Here...Reuters
an hour ago
Oil up 1% as Iran threatens to hit Gulf power plants over Trump warning
Trump gives Iran 48 hours to reopen Strait of HormuzMiddle East crisis worse than 1970s oil shocks, IEA's Birol saysUS temporarily waives sanctions on Iranian oil at seaBaltic ports halt Russian crude exports after drone attacks, sources sayBy Seher Dareen and Mohi Narayan LONDON, March 23 (R...Reuters
an hour 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. "We ...Reuters
2 hours ago
Venture Global, Vitol sign five-year US LNG supply deal
March 23 (Reuters) - Liquefied natural gas firm Venture Global VG.N said on Monday it has signed a binding agreement to supply the super-chilled gas to global commodities trader Vitol.The United States' second-largest supplier of LNG has been expanding its commercial footprint ahead of new proje...Reuters
2 hours 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 Iran escalate...Reuters
2 hours ago
ADNOC CEO to address CERAWeek virtually, will travel to Washington later this week
By Yousef Saba March 23 (Reuters) - Abu Dhabi state oil giant ADNOC's Group CEO Sultan Al Jaber will not travel to Houston for the CERAWeek energy conference and will participate virtually before travelling to Washington D.C. for meetings, an ADNOC spokesperson told Reuters, as the Iran war u...Reuters
2 hours ago
Gold: Near term capped, medium term constructive – OCBC
OCBC strategists Sim Moh Siong and Christopher Wong report that Gold has come under pressure as rising global yields, higher real rates and renewed inflation concerns reduce expectations for near-term Fed cuts. ETF outflows and stress-driven liquidation are adding to downside.
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2 hours ago
