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Oil slides as Middle East uncertainty keeps markets on edge
US-Israeli campaign against Iran could end within two to three weeks, Trump saysUncertainty over how supply chains can be revived OPEC oil output falls in March, Reuters survey findsSaudi Arabia may raise OSPs to Asia, Reuters survey By Ahmad Ghaddar LONDON, April 1 (Reuters) - Oil reversed earli...Reuters
5 minutes ago
EU adjusts carbon market reserve to avoid volatile prices
EU will end automatic cancellation of excess carbon permitsLeaves rest of ETS unchanged, despite some countries' calls for moreEU rushing to curb energy price spike amid Iran warBy Kate Abnett BRUSSELS, April 1 (Reuters) - The European Commission proposed tweaks to the EU's emissions tra...Reuters
8 minutes ago
Kazakhstan oil output rises 2% in March as Tengiz field recovers, source says
MOSCOW, April 1 (Reuters) - Oil production in Kazakhstan rose about 2% in March from February as output ramped up at the giant Tengiz field, which recovered from a January shutdown, an industry source told Reuters on Wednesday.The oilfield at the northeastern tip of the Caspian Sea had been pumping ...Reuters
8 minutes ago
RPT-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
23 minutes ago
OPEC oil output plunges in March as war forces export cuts, Reuters survey finds
OPEC March output plunges 7.5 million bpdEight OPEC+ producers had pledged to keep output steady before Iran war forced export cutsBiggest drop is in IraqBy Alex Lawler LONDON, March 31 (Reuters) - OPEC oil output plunged in March to its lowest level since the height of the COVID-19 pandemic in ...Reuters
25 minutes ago
Japan, France agree to step up coordination on Hormuz, Iran war
TOKYO, April 1 (Reuters) - Japan and France agreed on Wednesday to coordinate closely in pushing for an end to the U.S.-Israeli war with Iran and the reopening of the Strait of Hormuz to oil and gas tankers, Prime Minister Sanae Takaichi said."Because the international situation is so challengin...Reuters
26 minutes ago
Keurig names JDE Peet's CEO Oliveira as coffee unit chief amid $18 billion takeover
April 1 (Reuters) - Keurig Dr Pepper KDP.O has named Rafael Oliveira chief executive officer of its coffee operating unit as it moves to acquire Dutch coffee and tea company JDE Peet's JDEP.AS.The all-cash $18 billion takeover of JDE Peet's by Keurig, announced in August last year, is aimed ...Reuters
28 minutes ago
PRECIOUS-Gold nears 2-week high as dollar drops on hopes Iran war may end soon
Gold rises over 1% to highest since March 19US Dollar at 1-week low, 10-yr Treasury yields near two-week lowTrump says deal with Iran not necessary for conflict to wind downBy Ishaan Arora April 1 (Reuters) - Gold was at a near two-week high on Wednesday after posting its biggest monthly loss in ...Reuters
33 minutes ago
IEA’s Birol: This crisis is worse than the two in the 1970s and Russia-related in 2022 put together
International Energy Agency chief Fatih Birol said during European trading hours on Wednesday that the ongoing oil supply crisis is worse than the two in the 1970s and Russia-related in 2022 put together.
Fxstreet
39 minutes ago
Fuel prices surge in Africa as Iran war hits supply
Ghana, Tanzania, Malawi, Mauritania hike fuel pricesGovernments review levies, make other changesMauritania to raise minimum wage as cushionBy Emmanuel Bruce and Frank Phiri ACCRA/BLANTYRE, April 1 (Reuters) - African governments have imposed sharp fuel price increases as the Iran war sends globa...Reuters
42 minutes ago
METALS-Copper touches two-week high on hopes for quick end to Iran war
By Eric Onstad LONDON, April 1 (Reuters) - Copper prices extended gains on Wednesday to hit their highest in two weeks and aluminium fell on hopes that the Iran war is close to ending.Benchmark three-month copper on the London Metal Exchange CMCU3 was up 0.6% at $12,408 a metric ton by 1000 GMT a...Reuters
55 minutes ago
PetroChina plugs Singapore plant's shortfall with crude from China storage, trackers say
SINGAPORE, April 1 (Reuters) - PetroChina 0857.HK has supplied a rare cargo of close to 2 million barrels of crude oil from storage in China to its half-owned refinery in Singapore, as the firm moves to plug shortfalls triggered by the Iran war, according to tanker trackers and three trade sources.T...Reuters
an hour ago
EU tweaks carbon market to attempt to smooth prices
BRUSSELS, April 1 (Reuters) - The European Commission proposed tweaks to the EU's emissions trading system on Wednesday to try to avoid volatile carbon prices, after pressure from governments including Italy to amend the system to curb soaring energy prices triggered by the Iran war.The EU propo...Reuters
an hour ago
Middle East oil supply disruptions to rise in April and hit Europe, IEA chief says
OSLO, April 1 (Reuters) - Oil supply disruptions from the Middle East will rise in April and will hit Europe as supplies dwindle due to the closure of the Strait of Hormuz, International Energy Agency head Fatih Birol said on Wednesday."The loss of oil in April will be twice of oil loss in March...Reuters
an hour ago
EXCLUSIVE-Shell in advanced talks with Venezuela for more gas areas, sources say
Shell seeks access to as much as 20 tcf of Venezuelan gas Chevron expected to relinquish stakes, which would be re-offeredRussian-held stakes in two offshore fields remain a hurdleBy Curtis Williams and Marianna Parraga HOUSTON, April 1 (Reuters) - Shell SHEL.L is in advanced talks with Venezuela...Reuters
an hour ago
A New York vintner raids U.S. wine cellars to skirt Trump's tariffs
Tariffs on European wines prompt US businesses to seek creative solutionsChris Leon buys European wines already in US to avoid tariffsVanessa Price says new auction platforms offer alternatives to traditional wine auctionsBy Dan Fastenberg and Emma Rumney NEW YORK/LONDON, April 1 (Reuters) - New ...Reuters
an hour ago
First LNG deliveries from Oman to Germany have begun, magazine reports
BERLIN, April 1 (Reuters) - The first deliveries of liquefied natural gas (LNG) from Oman to a German company have begun despite the war in Iran, Germany's Capital business magazine reported on Wednesday, citing a spokesperson for the German state-owned gas supplier Sefe. The deliveries under an...Reuters
2 hours ago
