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CERAWEEK-Energy security key to national security, Shell CEO says
HOUSTON, March 24 (Reuters) - Energy security is key to securing national security, Shell CEO Wael Sawan said on Tuesday, warning that the supply disruptions from the U.S.-Israel war with Iran that have hit Asia could creep into Europe by next month."We are trying to work with governments to jus...Reuters
27 minutes ago
Modi, Trump discuss importance of keeping Strait of Hormuz open
March 24 (Reuters) - Indian Prime Minister Narendra Modi and U.S. President Donald Trump spoke by phone on Tuesday and discussed the situation in the Middle East, including the importance of keeping the Strait of Hormuz open, U.S. envoy to India Sergio Gor and Modi said in separate posts on X.This w...Reuters
40 minutes ago
CERAWEEK-Energy scarcities could occur if Iran conflict continues, Germany's economy minister says
HOUSTON, March 24 (Reuters) - Energy shortages could occur in late April or May if the U.S.-Israel war with Iran does not end, Germany's Federal Minister for Economic and Energy Affairs Katherina Reiche said on Tuesday at the CERAWeek conference in Houston. She added that phasing out nuclear ene...Reuters
47 minutes ago
French central bank books $15 billion gain on gold reserve upgrade
PARIS, March 24 (Reuters) - The Bank of France has booked one-off capital gains of nearly 13 billion euros ($15.1 billion) from an upgrade of its gold reserves since last July as it benefited from high gold prices, the central bank said on Tuesday.Over the past two decades, the bank has been gradual...Reuters
50 minutes 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. Shares of the company rose 5% in early trading, after it also forecast upbeat annual sales. More U.S. co...Reuters
53 minutes ago
Iran war won't alter upcoming US biofuel blending plan, sources say
HOUSTON, March 24 (Reuters) - The administration of U.S. President Donald Trump will release its 2026-27 biofuel blending volumes obligations this week, according to two sources familiar with the matter.The rule will not differ materially from volumes proposed by the EPA prior to the onset of the Ir...Reuters
an hour ago
WRAPUP 6-Pakistan offers to host peace talks to end US-Israeli war on Iran
Pakistan willing to host peace talks to end warTrump says good and productive talks have begunUS-Israeli war on Iran now in its fourth weekBy Humeyra Pamuk, Rami Ayyub and Alexander Cornwell WASHINGTON/JERUSALEM/TEL AVIV, March 24 (Reuters) - Pakistan's prime minister said on Tuesday he was w...Reuters
an hour ago
SOFTS-Raw sugar hits 5-month high, cocoa also gains
LONDON, March 24 (Reuters) - Raw sugar futures on ICE rose to a 5-month high on Tuesday, boosted by gains in energy markets, while cocoa and arabica coffee prices also gained. SUGAR Raw sugar SBc1 rose 1.55% to 15.76 cents per lb by 1332 GMT after setting a five-month high of 15.79 c...Reuters
an hour ago
US natural gas futures steady as milder weather forecasts temper demand
Milder weather forecasts reduce US natural gas demandUS LNG exports remain near maximum capacity despite global price surgeWaha Hub prices negative due to pipeline constraints in Permian BasinBy Scott DiSavino NEW YORK, March 24 (Reuters) - U.S. natural gas futures held near a three-week low on T...Reuters
an hour ago
CERAWEEK-Curtailed Qatar LNG supplies could accelerate Argentine LNG projects, Tecpetrol says
HOUSTON, March 24 (Reuters) - Qatar's problems to secure supplies of liquefied natural gas (LNG) amid the U.S.-Israel war on Iran could accelerate the development of the first projects to export LNG from Argentina, the chief executive of oil and gas producer Tecpetrol, Ricardo Markous, said at t...Reuters
an hour ago
METALS-Copper falls after Iran denies talks to end war, attacks Israel
Oil price rebound pressures 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 rally after I...Reuters
an hour ago
EU delays April 15 proposal to permanently ban Russian oil imports
Proposal to fully ban Russian oil pushed to after April 15EU still planning law for full phase-out, official saysDate moved as Iran war disrupts global oil supplyBy Kate Abnett BRUSSELS, March 24 (Reuters) - The European Commission will no longer submit a legal proposal to permanently ban Russian...Reuters
an hour ago
CBOT Trends-Wheat mixed, corn up 1-3 cents, soybeans down 5-8 cents
CHICAGO, March 24 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Tuesday: WHEAT - Down 1 to up 1 cent per bushelWheat futures were mixed as oil prices rose in early trade on Tuesday ...Reuters
an hour ago
GRAINS-Chicago grains mixed as investors weigh Middle East war
Oil prices drive grain pricesPotential knock-on effects from disruption of fertilisersCould influence planting decisions BEIJING/PARIS, March 24 (Reuters) - Chicago soybean futures edged lower on Tuesday, while corn and wheat ticked up, as investors grappled with uncertainty over the course of th...Reuters
an hour ago
PRECIOUS-Gold extends decline on expectations of high interest rates
Iran launches missiles into IsraelSpot gold down 22% from record peak hit in January Palladium down nearly 3% By Ashitha Shivaprasad March 24 (Reuters) - Gold prices extended their decline on Tuesday, weighed down by persistent Middle East tensions that fanned worries of inflation and expectation...Reuters
2 hours ago
Modi, Trump discuss importance of keeping Strait of Hormuz open, U.S. envoy says
March 24 (Reuters) - Indian Prime Minister Narendra Modi and U.S. President Donald Trump spoke by phone on Tuesday and discussed the situation in the Middle East, including the importance of keeping the Strait of Hormuz open, U.S. envoy to India Sergio Gor said in a post on X.Reuters
2 hours ago
PRESS DIGEST-Canada - March 24
March 24 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILATCO ACOx.TO will pay $10 million for a 40% stake in Inuit-owned West Kitikmeot Resources Corp, which is developing...Reuters
2 hours ago
India loads LPG onto stranded empty ships amid gas crisis
By Nidhi Verma NEW DELHI, March 24 (Reuters) - India is loading liquefied petroleum gas onto its empty vessels stranded in the Persian Gulf as the country grapples with a gas shortage triggered by the conflict in the Middle East, an official from the federal shipping ministry said on Tuesday.Eigh...Reuters
2 hours ago
PRECIOUS-Gold prices steady as investors assess impact of Iran war
Iran fires missiles at IsraelOil prices fell 13% on MondayStructural drivers for gold still in place - analystBy Ishaan Arora March 24 (Reuters) - Gold prices steadied on Tuesday after falling nearly 2% earlier in the session, as investors assessed conflicting signals on a potential de-escalation...Reuters
2 hours ago
