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Silver Tumbles as Rate Outlook Weighs on Metals Market
TradingKey - Spot silver slumped as much as 6% on Thursday morning GMT, erasing the previous day’s rebound and trading around $68.1 an ounce by 9 a.m. GMT. The sharp decline reflected renewed investor concern over the global interest‑rate outlook.
TradingKey
33 minutes ago
International Oil Prices Continue to Rise, Brent Returns to $100 Mark
TradingKey - International oil prices extended their upward trend. As of the latest trading session, Brent crude broke through $100 per barrel, trading at $100.33 per barrel with an intraday gain of over 3%; WTI crude rose 4.0% intraday to $93.94 per barrel.
TradingKey
45 minutes ago
LG Chem CEO thanks South Korean government for backing Russia naphtha deal
SEOUL, March 26 (Reuters) - LG Chem 051910.KS CEO Kim Dong-choon thanked the South Korean government for actively supporting the purchase and payment of Russian naphtha and called for a national stockpiling system to stabilise supplies in emergencies, the presidential Blue House said on Thursday.Reuters
8 minutes ago
Japan Q2 aluminium premiums hit 11-year high on Mideast supply fears
New premiums up 79-81% from Q1Marks highest since Q2 2015 Middle East supply tightening boosts premiums By Yuka Obayashi TOKYO, March 26 (Reuters) - Japanese aluminium buyers agreed to pay premiums of $350 to $353 per metric ton for shipments between April and June, the highest in 11 years, a...Reuters
17 minutes ago
From beer to cosmetics, Asia feels full force of war-fuelled energy crisis
Asia most vulnerable to Middle East supply disruptionsSouth Korean businessman says suppliers raising prices up to 50%Cosmetics container maker scrambling to secure plastic resinConsumers rush to stock up on rubbish bags, noodles By Hyunjoo Jin, Daewoung Kim and Sophie Yu SEOUL/BEIJING, March 26...Reuters
22 minutes ago
Japan To Lift Restrictions On Coal-Fired Power Plant Operation As Emergency Step In Response To Middle East Situation For Limited Period Of 1 Year, Nikkei Reports
March 26 (Reuters) - JAPAN TO LIFT RESTRICTIONS ON COAL-FIRED POWER PLANT OPERATION AS EMERGENCY STEP IN RESPONSE TO MIDDLE EAST SITUATION FOR LIMITED PERIOD OF 1 YEAR, NIKKEI REPORTSSource text: [ID:]Further company coverage: [ ]Reuters
26 minutes ago
TABLE-Japan aluminium buyers agree to pay Q2 premium of $350-$353/T
TOKYO, March 26 (Reuters) - Japanese aluminium buyers have agreed to pay global producers a premium of $350-$353 per metric ton over the benchmark price for April-June shipments, up 79-81% from the current quarter, four sources directly involved in the pricing talks said. Following is a table...Reuters
33 minutes ago
EUROPE GAS-Prices rebound after Iran says will not hold talks with U.S. to end the war
Iran says it has no intention of holding talksConcerns raised again about longer duration of energy flow disruptionColder weather in north-west Europe forecast LONDON, March 26 (Reuters) - Dutch and British wholesale gas prices rose on Thursday morning, rebounding from the previous session, as I...Reuters
42 minutes ago
Japan Q2 aluminium premiums set at $350-$353/T, up 79%-81% from Q1, sources say
TOKYO, March 26 (Reuters) - The premiums for aluminium shipments to Japanese buyers for April to June were set at $350-$353 per metric ton, up 79%-81% from the current quarter, reflecting tightening supply, four sources directly involved in the pricing talks said.Japan is a major Asian importer of t...Reuters
an hour ago
Tanker carrying Russian oil hit by drone in Black Sea near Turkey
Incident one of series involving sanctioned vessels in Black Sea27 crew members safe, Coast Guard dispatched to Altura tanker ISTANBUL, March 26 (Reuters) - A marine drone struck a Turkish crude oil tanker that had departed Russia, causing an explosion in the Black Sea near Istanbul's Bosphorus ...Reuters
an hour ago
Singapore fuel oil inventories hold above 24 million barrels for third week
SINGAPORE, March 26 (Reuters) - Onshore fuel oil inventories in Singapore held at levels over 24 million barrels for a third consecutive week, maintaining well above average, data showed on Thursday. Residual fuel stockpiles were at 24.51 million barrels (about 3.79 million metric tons) in the week...Reuters
an hour ago
Poland weighs VAT cut for fuel, does not rule out windfall tax
WARSAW, March 26 (Reuters) - Poland might cut its VAT on fuel to lower prices at the petrol pump, the country's finance minister said on Thursday, adding that a windfall tax on excess profits at oil companies had not been ruled out. Countries across Europe have been scrambling to mitigate the...Reuters
2 hours ago
Barclays Sees 13–14 Million Bpd Oil Supply Loss from Prolonged Hormuz Disruption
March 26 (Reuters) - Barclays said on Thursday that a prolonged closure of the Strait of Hormuz would likely lead to a 13-14 million barrels per day supply loss, noting that while the scale of the disruption is immense, so is the uncertainty around its duration.
Reuters
2 hours ago
Philippines suspends spot power sales as Iran war sends prices soaring
By Sudarshan Varadhan SINGAPORE, March 26 (Reuters) - The Philippines suspended electricity sales on the Wholesale Electricity Spot Market until further notice on Thursday due to fuel supply risks and price volatility caused by the Iran war. The suspension - a rare state intervention in one o...Reuters
2 hours ago
Oil Rises as Investors Reassess Middle East Ceasefire Prospects
Iran reviews US proposal, but has no interest in holding talksUkrainian attacks, tanker seizures halt 40% of Russia's oil export capacityUS oil stocks rise by 6.9 million barrels, exceeding forecastsBy Yuka Obayashi and Siyi Liu TOKYO/SINGAPORE, March 26 (Reuters) - Oil rose about 2% on Thurs...Reuters
2 hours ago
Poland working on plan to lower fuel prices, says finance minister
WARSAW, March 26 (Reuters) - Poland is working on a solution to lower fuel prices which may involve lowering VAT, Finance Minister Andrzej Domanski told Polish public radio on Thursday."The government is working to lower prices at petrol stations," he said. "Reducing VAT is one of the so...Reuters
2 hours ago
France to announce targeted measures to address energy prices, minister says
PARIS, March 26 (Reuters) - France will announce targeted measures in the coming days to address energy price spikes driven by the Iran war, French finance minister Roland Lescure said on Thursday.The government is preparing support for sectors hit hard by rising costs, including trucking companies ...Reuters
2 hours ago
ROI-Europe scales back climate goals to ease Iran war energy shock: Bousso
By Ron Bousso HOUSTON, March 26 (Reuters) - The European Union may be forced to scale back its flagship climate policies and geopolitical aims as the Iran war drives up energy prices - with lasting consequences for the bloc's energy strategy.The energy crunch sparked by the conflict, now in i...Reuters
3 hours ago
