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ROI-Iran war deals harder blow to natural gas than oil: Maguire
By Gavin Maguire LITTLETON, Colorado, March 24 (Reuters) - At first glance, the Iran war appears to be hitting oil and gas with equal force, as missiles, drone strikes and shipping disruptions choke flows through the Strait of Hormuz.But beneath that surface symmetry lies a critical imbalance. Th...Reuters
6 minutes ago
Philippine president says grounding planes due fuel shortage a 'distinct possibility', Bloomberg News reports
March 24 (Reuters) - The Philippines said grounding planes due to a shortage of jet fuel brought on by the U.S.-Israeli war with Iran is a "distinct possibility", Bloomberg News reported on Tuesday, citing an interview with the South East Asian country's president.Several countries have ...Reuters
16 minutes ago
Valero shuts Texas refinery after explosion rocks diesel unit, sources say
By Erwin SebaHOUSTON, March 23 (Reuters) - Valero Energy Corp VLO.N has shut its 380,000-barrel-per-day (bpd) oil refinery in Port Arthur, Texas, following an explosion and fire at a diesel hydrotreater unit, people familiar with the plant operations said on Monday. The explosion at the 47,000-bpd 2...Reuters
17 minutes ago
Investors bet Iran war will boost Chinese renewables demand
By Samuel Shen and Jiaxing LiSHANGHAI/HONG KONG, March 24 (Reuters) - Investors are rushing into Chinese renewable stocks, betting the oil shock triggered by the Iran war will boost global demand for green energy, a sector China dominates.Such a portfolio trend in Asia, spurred by heightened worries...Reuters
23 minutes ago
VEGOILS-Palm in tight range as geopolitical tensions, mixed oils weigh
KUALA LUMPUR, March 24 (Reuters) - Malaysian palm oil futures traded in a tight range on Tuesday, resuming after a long Eid holiday break, with rival edible oils on the Dalian and Chicago exchanges diverging and the Middle East war keeping traders cautious. The benchmark palm oil contract FCPOc3 ...Reuters
26 minutes ago
BREAKINGVIEWS-Iran war exposes food security to cascading risks
By Antony CurrieMELBOURNE, March 24 (Reuters Breakingviews) - The U.S.-Israel war on Iran and resulting disruption in the Strait of Hormuz will have a bigger impact on food security than Russia's 2022 invasion of Ukraine. That might not seem obvious by glancing at the relative prices of feedstoc...Reuters
29 minutes ago
PRESS DIGEST-New York Times business news - March 24
March 24 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- The Trump administration said that it intended to create a consortium to invest over $1 trillion into energy projects, minerals ...Reuters
45 minutes ago
INSIGHT-China is mapping the ocean floor as it prepares for submarine warfare with the U.S.
Vast ocean surveying and monitoring effort gives China picture of marine environmentData collected by vessels would be crucial in a submarine battle, naval experts say'Transparent ocean' sensor network tracks undersea conditions in strategic watersBy Pete Mckenzie SYDNEY, March 24 (Reuter...Reuters
an hour ago
US to continue Iran strikes, pause applies only to energy sites, Semafor reports
March 24 (Reuters) - The United States will continue its strikes on Iran, with the pause applying only to attacks on Tehran's energy sites, Semafor reported on Monday, citing a U.S. official, during what President Donald Trump has described as "productive" talks with unidentified Iranian...Reuters
an hour ago
Australia and EU seal trade deal, seek to cut reliance on China for critical minerals
Deal removes over 99% of tariffs on EU exports Zero import tariffs for Australian critical mineralsAustralian farmers say deal has not delivered commercially meaningful accessFor a factbox on the deal, please click By Renju Jose SYDNEY, March 24 (Reuters) - Australia and the European Union signed...Reuters
an hour ago
India File: War and a searing summer test coal readiness
March 24 - By Nidhi C Sai, Editor Online Production, with global Reuters staffIndia is bracing for a torrid summer just as the Middle East conflict upends global fuel flows, forcing New Delhi to try every trick in the book to meet peak demand for electricity. That includes accelerating coal power ge...Reuters
2 hours ago
Oil rises as markets assess supply risk after Iran denies US talks
Trump says US, Iran have 'major points of agreement'Iran rejects claim of contact with WashingtonMacquarie says Brent could hit $150 if Hormuz shut through AprilBy Anmol Choubey and Emily Chow SINGAPORE, March 24 (Reuters) - Oil prices rose on Tuesday on supply fear, as Iran denied it had...Reuters
2 hours 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
2 hours 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
2 hours ago
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
2 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 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
3 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.The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1 was up 0.2% at $11.65...Reuters
3 hours 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
3 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
4 hours ago
