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Silver rebounds from year-to-date lows but bearish outlook remains intact
Silver (XAG/USD) stages a rebound on Monday after briefly slipping to year-to-date lows earlier in the Asian trading session, as traders digest conflicting headlines surrounding geopolitical tensions linked to the US-Israel war with Iran.
Fxstreet
9 minutes ago
CERAWEEK-US-Iran war disruption beyond 3-4 months poses systemic risk to global economy, Total CEO says
LONDON, March 23 (Reuters) - A disruption to global energy supplies from the U.S.-Israeli war on Iran lasting beyond three to four months would pose a systemic risk to the global economy, TotalEnergies TTEF.PA CEO said on Monday. The disruption to global fuel supplies is worse than the disruption to...Reuters
23 minutes ago
EU wheat slips after Trump comments raise Iran de-escalation hopes
PARIS, March 23 (Reuters) - Euronext wheat fell on Monday, pressured by a plunge in oil prices after U.S. President Donald Trump said he was postponing threatened strikes against Iranian power plants to give time for talks to end the three-week-old Middle East war. Trump's comments, which ref...Reuters
27 minutes ago
GRAINS-Chicago soy choppy, grains lower as investors weigh US-Iran war
By Heather Schlitz CHICAGO, March 23 (Reuters) - Chicago soybean futures flitted between positive and negative territory on Monday as U.S. President Donald Trump's announcement of a delay to possible strikes against Iranian power plants roiled financial markets.Trump's comments, which als...Reuters
28 minutes ago
Oil prices plunge 10% on US-Iran talks to resolve the hostilities in the Middle East
Trump delays military action after US-Iran talksMiddle East crisis worse than 1970s oil shocks, says IEA's BirolUS unlikely to release more oil from Strategic ReserveBy Scott DiSavino NEW YORK, March 23 (Reuters) - Oil prices dropped about 10% to a one-week low on Monday after U.S. President ...Reuters
36 minutes ago
CERAWEEK-US, TotalEnergies to shift nearly $1 billion from wind to oil and gas
By Stephanie Kelly and Jarrett RenshawHOUSTON, March 23 (Reuters) - The United States and French energy major TotalEnergies TTEF.PA said on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production. The deal is the latest blow to the U.S. offshore ...Reuters
37 minutes ago
Russia's Saratov oil refinery halts work after March 21 drone attack, sources say
MOSCOW, March 23 (Reuters) - Russia's Saratov oil refinery was hit by a drone on March 21 and the crude distillation unit at the refinery has been shut down since the attack, sources with knowledge of the situation told Reuters. Ukraine's military said on Saturday it had hit the Rosneft ROSN...Reuters
48 minutes ago
Iran's foreign ministry denies talks with U.S., state news agency says
March 23 (Reuters) - Iran's foreign ministry spokesperson denied on Monday holding any talks with the U.S. during the past 24 days, shortly after President Donald Trump said the two sides had found "major points of agreement" in the past few days. In recent days, friendly countries sent ...Reuters
52 minutes ago
US energy chief tells CNBC a further SPR oil release is unlikely
WASHINGTON, March 23 (Reuters) - The United States is "highly unlikely" to release more oil from its Strategic Petroleum Reserve to calm energy markets during the war with Iran, U.S. Energy Secretary Chris Wright told CNBC on Monday. The U.S. was looking at a variety of other levers to tr...Reuters
an hour ago
CERAWEEK-Oil prices have not climbed enough to cause demand destruction, US energy secretary says
US to release oil from Strategic Petroleum Reserve to stabilize marketsADNOC CEO warns oil price rise slows global economic growthAsian refineries prioritized for oil supply amid market shocks, Wright saysBy Jarrett Renshaw and Marianna Parraga HOUSTON, March 23 (Reuters) - Global oil prices have...Reuters
an hour ago
CERAWEEK-US, TotalEnergies to shift $1 billion from wind to oil and gas
HOUSTON, March 23 (Reuters) - The United States and French energy major TotalEnergies TTEF.PA announced on Monday they would redirect nearly $1 billion from offshore wind leases to U.S. oil and natural gas production. The United States will reimburse Total around $1 billion the company paid in lease...Reuters
an hour ago
SOFTS-Sugar falls after oil price slumps as Trump backs down on Iran power strikes
LONDON, March 23 (Reuters) - Raw sugar futures on ICE fell on Monday after oil prices slumped following comments from U.S. President Donald Trump that he would postpone any strikes on Iranian power plants and energy infrastructure for five days.Falling energy prices can prompt cane mills in top grow...Reuters
an hour ago
Gas tankers sail through Hormuz to India, most ships still stuck, data shows
Traffic in Strait of Hormuz down 95%, shipbroker saysIranian shipping broadly unhindered by conflictData shows Iran-flagged tankers heading back to GulfBy Jonathan Saul, Nidhi Verma and Saurabh Sharma LONDON/NEW DELHI, March 23 (Reuters) - Two tankers bound for India sailed through the Strait of...Reuters
an hour ago
CERAWEEK-Venture Global wants to settle pending arbitration cases with energy companies
HOUSTON, March 23 (Reuters) - Venture Global wants to settle pending arbitration cases with energy companies that sued it over the failure to provide them with LNG in a timely manner from its Calcasieu Pass facility, CEO Mike Sabel said Monday during a roundtable discussion on the sidelines of the C...Reuters
an hour ago
CERAWEEK-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 sp...Reuters
an hour ago
Trump says there are '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
an hour ago
CERAWEEK-Chevron CEO says it will take time for energy to recover from Middle East production hit
HOUSTON, March 23 (Reuters) - Chevron CEO Mike Wirth said he is uncertain how quickly shut-in production in the Middle East stemming from the ongoing U.S.-Israel war with Iran will return."It will take time to come out of this," Wirth said on Monday at the CERAWeek conference in Houston. Tig...Reuters
2 hours ago
Iranian oil is offered to India at premium to Brent, sources say
Indian refiners are keen to buy Iranian oil and LPG to meet supply gapTraders seek payments in dollars or rupeesIndia has not bought Iranian crude since 2019By Nidhi Verma and Siyi Liu NEW DELHI/SINGAPORE, March 23 (Reuters) - Traders have offered Iranian oil to Indian refiners at a premium to IC...Reuters
2 hours ago
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
2 hours 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
2 hours ago
