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Gold Loses Over 1% as Dollar Firms, Fed Cut Hopes Fade
Iran denies talks with USTrump postpones strikes on Iranian power gridOil remains above $100 a barrelSilver, Platinum and Palladium down over 2%By Noel John March 24 (Reuters) - Gold prices fell more than 1% on Tuesday, extending their slide to a tenth straight session, pressured by a firm U.S. d...
Reuters
27 minutes ago
Valero shutting Port Arthur, Texas, oil refinery after blast, say sources
HOUSTON, March 23 (Reuters) - Valero Energy Corp VLO.N shut its 380,000 barrel-per-day (bpd) Port Arthur, Texas, oil refinery on Monday night following an explosion and fire at a diesel hydrotreater unit, said people familiar with plant operations. The Monday night explosion at the 47,000-bpd 243 di...Reuters
17 minutes ago
METALS-Copper falls after Iran denies talks with US
March 24 (Reuters) - London copper slipped on Tuesday, giving back part of the previous session’s relief rally, after oil rebounded on news that Iran denied any talks with the U.S. to bring the Middle East war to a close.The benchmark three-month copper contract CMCU3 on the London Metal Exchange fe...Reuters
18 minutes ago
South Korea's Lee calls for energy saving campaign including curbs on cars
SEOUL, March 24 (Reuters) - South Korean President Lee Jae Myung on Tuesday called for a nationwide energy-saving campaign over risks to oil and gas supplies from the Iran war, saying public institutions would cut back on their use of passenger cars. Energy Minister Kim Sung-whan told a Cabinet ...Reuters
56 minutes ago
GRAINS-Chicago soybeans gain as investors weigh impact of US-Iran war
BEIJING, March 24 (Reuters) - Chicago soybean futures rose on Tuesday as U.S. President Donald Trump's announcement of a delay to possible strikes against Iranian power plants roiled financial markets.The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was up 0.2% at $11.65...Reuters
an hour ago
RPT-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
GRAINS-Chicago soybeans gain as investors weigh impact of US-Iran war
BEIJING, March 24 (Reuters) - Chicago soybean futures rose on Tuesday as U.S. President Donald Trump's announcement of a delay to possible strikes against Iranian power plants roiled financial markets.Wheat and corn futures also edged higher. FUNDAMENTALSThe most-active soybean contract on ...Reuters
2 hours ago
BREAKINGVIEWS-Iran war exposes food security to cascading risks
By Antony CurrieMELBOURNE, March 24 (Reuters Breakingviews) - The conflict has halted supplies of a third of the $290 bln fertiliser market. In the short term, it will impact harvests and countries will ban food exports. In the long term, farmers already exposed to extreme weather will plant less. T...Reuters
2 hours ago
Australia, EU seal long-awaited trade deal amid global trade tensions
Deal removes over 99% of tariffs on EU goods exports Zero import tariffs for critical mineralsEU aims to reduce dependency on China, expand Indo-Pacific tiesBy Renju Jose SYDNEY, March 24 (Reuters) - Australia and the European Union signed a trade deal on Tuesday that was eight years in the makin...Reuters
2 hours ago
Valero's Port Arthur, Texas, refinery, hit by fire, local media reports
March 23 (Reuters) - A fire hit Valero's VLO.N 380,000 barrel-per-day Port Arthur, Texas, refinery late on Monday, local media reported.Sheriff Zena Stephens said there are no reported injuries and the explosion was likely caused by an industrial heater, CBS affiliate KFDM reported. Valero did n...Reuters
2 hours ago
Silver Price Forecast: XAG/USD weakens to $66.50, bears retain control below 100-day SMA
Silver (XAG/USD) struggles to capitalize on the previous day's solid recovery move from the $61.00 mark, or its lowest level since December 12, and meets with a fresh supply during the Asian session on Tuesday.
Fxstreet
2 hours ago
Oil Rises as Markets Assess Supply Risks After Iran Denies Us Talks
Oil prices rose in early trade on Tuesday on supply fears, as Iran denied it had held talks with the United States to end the war in the Gulf, contradicting President Donald Trump, who said a deal could be reached soon.Reuters
3 hours ago
Wti Rises Back Above Mid-$90.00s Amid Middle East Tensions and Supply Risks
West Texas Intermediate (WTI) Crude Oil prices gain traction in Asian trading Tuesday, building on Monday’s rebound from the $84.00 mark, a near two-week low. The commodity climbs above the mid-$90.00s, supported by supply fears.
Fxstreet
3 hours ago
South Korea's Lee calls for energy saving campaign including curbs on cars
SEOUL, March 24 (Reuters) - South Korean President Lee Jae Myung called on the country on Tuesday to join an energy saving campaign in response to concerns about oil and gas supply because of the Iran war, and said public institutions will cut back operating passenger cars.Speaking at a cabinet meet...Reuters
3 hours ago
Itochu, US firm to set up Japan JV in electronics recycling
TOKYO, March 24 (Reuters) - Japanese trading house Itochu 8001.T said on Tuesday it has agreed to form a capital and business alliance with U.S. Electronic Recyclers International, which operates an electronic equipment recycling business in the United States.The companies will establish a joint ven...Reuters
4 hours ago
Iran denies any talks with US following Trump's remarks
Iran’s Foreign Ministry, Abbas Araghchi, stated that there was “no dialogue” between Tehran and Washington. Meanwhile, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said in a social media post on Monday that “no negotiations have been held with the US.”Fxstreet
4 hours ago
CIF/FOB Gulf Grain-Corn, soy barge basis steady-firmer as farmer sales slow
CHICAGO, March 23 (Reuters) - Spot basis bids of soybeans and corn shipped by barge to U.S. Gulf Coast terminals were steady to stronger on Monday, supported by decent demand from exporters amid slowing farmer grain sales, traders said.Under its daily reporting rules, the U.S. Department of Agricult...Reuters
4 hours ago
CERAWEEK-About 300 protesters chant, rally outside energy conference
By Erwin SebaHOUSTON, March 23 (Reuters) - About 300 protesters chanted “we need clean air, not another billionaire!” on Monday outside the Houston hotel where many of the world's top energy industry executives have gathered this week for the largest annual industry conference.CERAWeek draws oil...Reuters
5 hours ago
