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PRECIOUS-Gold rebounds from four-month low after Trump postpones strikes on Iran's energy assets
Spot gold posted worst week since 1983 on Friday Oil plunges after Trump postpones strikesSilver, palladium up over 3% By Ashitha Shivaprasad March 23 (Reuters) - Gold prices trimmed losses on Monday, rebounding from a four-month low hit earlier, after U.S. President Donald Trump's comments p...Reuters
8 minutes ago
Oil prices plunge 10% on US-Iran talks and Trump postponement of strikes on Iranian power plants
Oil prices drop 10% after Trump delays Iran strikesMiddle East crisis worse than 1970s oil shocks, says IEA's BirolGlobal oil supply disrupted, U.S. waives sanctions on Russian, Iranian oilBy Scott DiSavino NEW YORK, March 23 (Reuters) - Oil prices dropped about 10% to a one-week low on Monda...Reuters
8 minutes ago
US energy chief says a further SPR oil release is unlikely
WASHINGTON, March 23 (Reuters) - U.S. Energy Secretary Chris Wright said on Monday that the U.S. could release more oil from its Strategic Petroleum Reserve to calm energy markets during the war with Iran but called such a move "highly unlikely," in an interview with CNBC.The U.S. earlier th...Reuters
9 minutes ago
WRAPUP 9-Trump puts off threat to bomb Iran power grid; three countries reportedly mediating
Trump: 'Complete and total resolution of hostilities' discussedUS president says Witkoff, Kushner spoke to Iranian officialIranian ministry says there are initiatives to reduce tensionsIsrael launches new wave of attacks on TehranBy Maayan Lubell, Alexander Cornwell and Idrees Ali TEL AVI...Reuters
13 minutes ago
UAE's ADNOC deploying extraordinary measures to ensure stakeholders get what they need, CEO says
CAIRO, March 23 (Reuters) - Abu Dhabi state oil giant ADNOC's Group CEO Sultan Al Jaber said on Monday that the group was deployed extraordinary measures to make sure customers and stakeholders got what they needed, as the Iran war upends energy markets. "At ADNOC, we took hits no civilian ...Reuters
14 minutes ago
CERAWEEK-Oil prices have not climbed enough to cause demand destruction, US energy secretary says
By Jarrett Renshaw and Marianna ParragaHOUSTON, March 23 (Reuters) - Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even as markets continued to gyrate and global oil prices...Reuters
20 minutes ago
Rise in oil prices slowing global economic growth, says ADNOC CEO
By Stephanie KellyHOUSTON, March 23 (Reuters) - The rise in oil prices is slowing economic growth everywhere, the chief executive of UAE state-run energy giant ADNOC said on Monday."Stability in energy markets underpins security in every market," ADNOC CEO Sultan Al Jaber said in a video spe...Reuters
22 minutes ago
EasyJet warns Iran war will push up ticket prices from end of summer
Bookings to Turkey, Cyprus, Egypt softerCustomers head to Spain, Spanish islands and Malta insteadTicket prices will rise when hedges come off in late summerBy Sarah Young NEWCASTLE, England, March 23 (Reuters) - Discount airline easyJet's EZJ.L CEO said on Monday that ticket prices will rise...Reuters
23 minutes ago
CERAWEEK-Chevron CEO says it will take time to recover from Middle East production declines
HOUSTON, March 23 (Reuters) - Chevron CEO Mike Wirth said he is uncertain how quickly shut-in production in the Middle East can come back amid the ongoing conflict in the region."'It will take time to come out of this," he said on Monday at the CERAWeek conference in Houston. He said tha...Reuters
23 minutes ago
METALS-Copper surges after Trump postpones military strikes on Iranian power plants
By Pratima Desai LONDON, March 23 (Reuters) - Copper prices jumped on Monday after U.S. President Donald Trump said he will order the U.S. military to postpone any military strikes against Iranian power plants and energy infrastructure.Benchmark copper CMCU3 on the London Metal Exchange traded 0....Reuters
33 minutes ago
Trump: "Major points of agreement" in talks with Iran
By Humeyra Pamuk and Susan Heavey WASHINGTON, March 23 (Reuters) - U.S. President Donald Trump on Monday said there have been talks between the United States and Iran over the past day in which the two sides had "major points of agreement", adding that a deal could be done soon to settle ...Reuters
40 minutes ago
CERAWEEK-Mideast situation shows need for diversification of energy supply, says Cheniere CEO
HOUSTON, March 23 (Reuters) - The situation in the Middle East shows the need for diversity in energy supplies, the CEO of U.S. liquefied natural gas producer Cheniere said on Monday.The U.S.-Israeli war on Iran has effectively halted energy exports from the Middle East Gulf, knocking out around a f...Reuters
43 minutes ago
CERAWEEK-Oil prices have not climbed enough to cause demand destruction, US Energy Secretary Chris Wright says
HOUSTON, March 23 (Reuters) - Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston Texas.The remarks come as markets have fallen into chaos as the U.S.-Israel war with Iran has led to the...Reuters
49 minutes ago
Trump says he wants 'as much oil in system as possible'
WASHINGTON, March 23 (Reuters) - President Donald Trump on Monday told reporters he wanted there to be "as much oil in the system as possible" when asked about the U.S. Treasury's decision last week to ease sanctions on Iranian oil stranded in sea.Reuters
an hour ago
Trump says US has 'major points of agreement' in talks with Iran
WASHINGTON, March 23 (Reuters) - President Donald Trump on Monday told reporters the United States has held talks with Iran and that the two sides had "major points of agreement."Trump said the conversations that took place on Sunday would to continue on Monday and that if the negotiations c...Reuters
an hour ago
EU enters 'last mile' of trade deal negotiations with Australia
Commission president, trade chief in Australia to conclude dealPrevious negotiations broke down in 2023 EU wants to diversify due to US tariffs, China over-relianceBy Philip Blenkinsop BRUSSELS, March 23 (Reuters) - The European Union is in the "last mile" of negotiations over a trade dea...Reuters
an hour ago
PRECIOUS-Gold trims losses as Trump postpones strikes on Iran's energy assets
Spot gold posted worst week since 1983 on Friday Oil plunges after Trump postpones strikesPalladium up over 3% By Ashitha Shivaprasad March 23 (Reuters) - Gold trimmed losses to recover from a four-month low on Monday, after U.S. President Donald Trump postponed military strikes on Iranian infras...Reuters
an hour ago
DoorDash rolls out emergency relief as surging pump prices hit US gig workers
By Nicole JaoNEW YORK, March 23 (Reuters) - Food delivery company DoorDash DASH.O said on Monday it is launching an emergency relief program to help U.S. gig workers offset rising fuel costs.The move comes as U.S. gig workers grapple with surging gasoline prices, driven by higher crude oil prices du...Reuters
an hour ago
Hungary's Orban orders probe into alleged wiretapping of minister over Russia links
Orban faces tough election on April 12Launches probe into alleged tapping of minister's callsMedia report says minister informed Moscow about EU meetingsOrban blocked loan to Ukraine last weekBy Krisztina Than BUDAPEST, March 23 (Reuters) - Hungarian Prime Minister Viktor Orban ordered a prob...Reuters
an hour ago
