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NORDIC POWER-Forward prices edge up on low water reserves
March 24 (Reuters) - Nordic forward power prices ticked up on Tuesday, as tighter water reserves in the hydropower-dependent region offset the impact of a weaker European gas market.Nordic front-quarter baseload power contract 0#NSBLQ: was up 1.4% to 53.46 euros per megawatt hour (MWh) at 1045 GMT. ...Reuters
8 minutes ago
RPT-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
10 minutes ago
CORRECTED-PRECIOUS-Gold trims losses as investors weigh conflicting signals on Mideast talks
Gold hit a four-month low on MondayIran denies talks with USBrent oil remains above $100 a barrelBy Noel John March 24 (Reuters) - Gold prices pared some losses after dropping more than 2% earlier on Tuesday, as investors remained wary about the Middle East conflict amid conflicting signals over ...Reuters
13 minutes ago
Russia stops ammonium nitrate exports for one month amid global supply crunch
Russia controls up to 40% of global ammonium nitrate trade Exports suspension will allow domestic market to be prioritized Fertilizers in global supply crunch due to Strait of Hormuz closure MOSCOW, March 24 (Reuters) - Russia, which controls up to 40% of the global trade in ammonium nitrate, sai...Reuters
14 minutes ago
CORRECTED-Mike Lynch's estate refused permission to appeal in UK HP-Autonomy case
LONDON, March 24 (Reuters) - The estate of late British tech tycoon Mike Lynch was on Tuesday refused permission to appeal a ruling by London's High Court that he was liable to Hewlett Packard Enterprise HPE.N over its acquisition of his firm Autonomy.The U.S. technology giant Hewlett Packard is...Reuters
15 minutes ago
VEGOILS-Palm slides more than 1% on weaker rival oils, geopolitical tensions
KUALA LUMPUR, March 24 (Reuters) - Malaysian palm oil futures ended more than 1% lower on Tuesday after a long Eid holiday break, as weaker rival edible oils weighed on the market and the Middle East war kept traders cautious.The benchmark palm oil contract FCPOc3 for June delivery on the Bursa Mala...Reuters
35 minutes ago
METALS-Copper falls after Iran denies talks to end war, attacks Israel
Oil price rebound pressures industrial metals, raising growth concernsCiti forecasts copper to hit $11,000 a ton in three monthsLME copper stocks reach highest level in nearly eight years March 24 (Reuters) - London copper slipped on Tuesday, giving up most of the previous session's relief ra...Reuters
38 minutes ago
RPT-Japan to drop 'most important' tag for China ties
By Tamiyuki Kihara TOKYO, March 24 (Reuters) - Japan will downgrade its description of ties with China from "one of its most important" in an annual diplomatic report, according to a draft reviewed by Reuters, as relations with Beijing worsen. The 2026 Diplomatic Bluebook, which Prim...Reuters
39 minutes ago
WTI Price Forecast: Holds key 20-day EMA amid Middle East conflicts
West Texas Intermediate (WTI), futures on NYMEX, is up 2% to near $90.00 during the European trading session on Tuesday. The oil price holds early gains, driven by Iran’s refusal to be involved in any direct talks with the United States (US) regarding the end of conflicts in the Middle East.
Fxstreet
43 minutes ago
EUROPE GAS-Prices extend losses as market eyes Iran war developments
LONDON, March 24 (Reuters) - Dutch and British wholesale gas contracts extended losses on Tuesday morning, following a sharp drop in the previous session, after U.S. President Donald Trump said he would postpone military strikes on Iran and that a deal with Iran could be reached "within five day...Reuters
54 minutes ago
Kremlin on Reuters fiscal fund report: these issues are currently being worked out
MOSCOW, March 24 (Reuters) - The Kremlin on Tuesday, when asked about a Reuters report that Russia was postponing a plan to boost long-term fiscal reserves, said that the issues were being worked out and that they were being discussed at President Vladimir Putin's meetings on the economy.Reuters...Reuters
an hour ago
Eni is owed around $3.3 bln by Venezuela, annual report shows
MILAN, March 24 (Reuters) - Eni ENI.MI was owed $3.3 billion by Venezuela's oil company PDVSA at the end of last year, including around $1 billion in accrued interest, the Italian company said in its annual report on Tuesday.Reuters
2 hours ago
Smithfield Foods beat quarterly results estimates on resilient demand for pork
March 24 (Reuters) - Smithfield Foods SFD.O beat analysts' estimates for fourth-quarter sales and profit on Tuesday, helped by resilient demand for packaged meats and cost-saving efforts, lifting the U.S. pork processor's shares nearly 4% higher in premarket trading.More U.S. consumers are o...Reuters
2 hours ago
Itochu, ERI to set up Japan venture to recycle electronics
By Yuka ObayashiTOKYO, March 24 (Reuters) - Trading house Itochu 8001.T said on Tuesday it would form a Japanese venture with Electronic Recyclers International to recycle electronic equipment.Itochu also plans to buy a stake in ERI, but did not disclose details of the investment.Japan is ramping up...Reuters
2 hours ago
Investors bet Iran war will boost Chinese renewables demand
Chinese green energy stocks have jumped since the Iran war beganInvestors bet energy security needs will boost China green tech exportsMulti-year renewables renaissance under way, consultancy saysBy Samuel Shen and Jiaxing Li SHANGHAI/HONG KONG, March 24 (Reuters) - Investors are rushing into Chi...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 Alex Lawler LONDON, March 24 (Reuters) - Oil rose on Tuesday on supply fears, as Iran denied it had talks with the United Sta...Reuters
2 hours ago
Eni is owed around $3.3 bln by Venezuela, annual report shows
MILAN, March 24 (Reuters) - Eni ENI.MI was owed $3.3 billion by Venezuela's oil company PDVSA at the end of last year, including around $1 billion in accrued interest, the Italian company said in its annual report on Tuesday.Reuters
2 hours ago
Valero shuts Texas refinery after explosion rocks diesel unit, sources say
By Erwin SebaHOUSTON, March 24 (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 cause of the explosion at the ...Reuters
2 hours ago
