News
Important Only
EUROPE GAS-European gas prices edge higher on oil gains and low storage levels
LONDON, March 27 (Reuters) - Benchmark British and Dutch wholesale gas prices edged higher on Friday morning, following oil prices that rose even after U.S. President Donald Trump extended a pause in attacks on Iran's energy plants.The benchmark Dutch front-month contract at the TTF hub TFMBMc1 ...Reuters
9 minutes ago
Kremlin says Russia not seeking to undermine US business in CPC oil group
Some Russian experts want CPC oil blocked over US sanctionsCPC includes major US shareholders Chevron and ExxonMobilKremlin: Russia remains a reliable guarantor of energy transit MOSCOW, March 27 (Reuters) - Russia is not seeking to undermine U.S. business interests in the Caspian Pipeline Consor...Reuters
12 minutes ago
Mercosur and Canada near free-trade agreement with April talks
Deal expected to conclude in 2026, possibly before SeptemberCanada seeks trade diversification amid US tariff uncertaintyMercosur-Canada talks follow EU trade agreement with MercosurBy Lucinda Elliott and Lisandra Paraguassu MONTEVIDEO/BRASILIA, March 27 (Reuters) - Canada and South America’s Mer...Reuters
13 minutes ago
Kremlin says Russia does not seek to undermine US business in CPC oil group
MOSCOW, March 27 (Reuters) - Russia is not seeking to undermine U.S. business interests in the Caspian Pipeline Consortium (CPC), Kremlin spokesman Dmitry Peskov said on Friday.He was responding to a question about suggestions by several Russian experts, including on state TV, that Russia should ban...Reuters
37 minutes ago
Iran's IRGC: Shipping to and from ports of U.S.-Israeli allies is prohibited, state media says
March 27 (Reuters) - Iran's Islamic Revolutionary Guard Corps said on Friday that shipping "to and from ports of allies and supporters of the Israeli-American enemies" is prohibited through any corridor or to any destination, Iranian state media reported.The IRGC added that the Strait of...Reuters
37 minutes ago
Cuba looks to Vatican for help to ease US oil embargo, Washington Post reports
March 27 (Reuters) - Cuban officials have petitioned the Vatican to help persuade the Trump administration to ease its oil embargo in senior-level meetings with Vatican officials including Pope Leo, the Washington Post reported on Friday, citing people familiar with the matter.Reuters could not imme...Reuters
44 minutes ago
EXCLUSIVE-Japan government asks wholesalers to switch to Brent from Dubai pricing, document shows
Move should help address gasoline price spikes, METI saysIndia, Vietnam, Indonesia ask for supply helpJapan started to partially release oil stockpileBy Tamiyuki Kihara TOKYO, March 27 (Reuters) - Japan's industry ministry has asked domestic wholesalers to switch to Brent crude oil pricing f...Reuters
2 hours ago
Oil: Upside risks persist as Iran deadline extended – ING
ING analysts Ewa Manthey and Warren Patterson note that Oil prices have steadied after US President Donald Trump extended the Iran energy deadline to 6 April, easing immediate pressure but maintaining a geopolitical premium.Fxstreet
2 hours ago
China detaining Panama-flagged ships amid battle over port control, FMC says
FMC monitoring surge in Panama-flagged ship detentions in ChinaPanama court stripped CK Hutchison of Panama Canal port controlChina summoned Maersk, MSC for talks amid port control disputeChina has said it opposes the Panama rulingChina says US remarks show it wants to seize controlBy Lisa Baertlein...Reuters
2 hours ago
US Senate approves DHS funding, but excludes ICE, Democrats' Schumer says
DHS has been partially shut down since February 13Democrats have demanded immigration enforcement reformsMarch 27 (Reuters) - The U.S. Senate passed legislation early on Friday that would finance most of the Department of Homeland Security but withhold funds from ICE and part of Customs and Border ...Reuters
2 hours ago
Australia’s biggest LNG plants suffer outages due to cyclone, straining global supply
Category 3 cyclone batters Western AustraliaChevron reports outages at Gorgon and Wheatstone LNG Production at Woodside's North West Shelf also disruptedBy Christine Chen and Helen Clark SYDNEY, March 27 (Reuters) - A powerful tropical cyclone in Western Australia has disrupted production at ...Reuters
2 hours ago
Asian refiners switch from Dubai to Brent to price US crude, sources say
By Florence Tan and Yuka Obayashi SINGAPORE, March 27 (Reuters) - Asian refiners are beginning to switch to pricing U.S. crude oil purchases against global benchmark ICE Brent instead of Dubai after the Middle East marker spiked to record levels this month, three refining and trade sources said o...Reuters
2 hours ago
EXCLUSIVE-Japan government asks wholesalers to switch to Brent from Dubai pricing, document shows
By Tamiyuki Kihara TOKYO, March 27 (Reuters) - Japan's industry ministry has asked domestic wholesalers to switch to Brent crude oil pricing from the Dubai benchmark when setting gasoline prices, in an attempt to contain price rises, according to a document seen by Reuters on Friday.The meas...Reuters
3 hours ago
METALS-Copper on track for weekly gain as Trump pauses attack on Iran's energy plants
March 27 (Reuters) - Copper rose on Friday and was on track to post its first weekly gain since the U.S.-Israel war on Iran began, following U.S. President Donald Trump's statements this week on delaying threatened attacks on Iran's energy plants.The most-active copper contract SCFcv1 on the...Reuters
3 hours ago
PRECIOUS-Gold rises on softer dollar, on track for fourth weekly drop
Trump pauses attacks on Iran's energy plantsGold falls about 0.5% so far this weekSilver, platinum, palladium rises over 3% eachMarkets see no Fed rate cut this yearBy Noel John March 27 (Reuters) - Gold rose 2% on Friday, buoyed by a weaker dollar and bargain hunting, but was on track for a ...Reuters
3 hours ago
Oil slips on Iran talks, but prices remain elevated
Brent, WTI head for weekly declinesUS extends deadline for Iran to open Hormuz to April 6Investors still wary of prolonged conflict SINGAPORE, March 27 (Reuters) - Oil prices were on track for a weekly decline on Friday after U.S. President Donald Trump extended a pause in attacks on Iran's...Reuters
3 hours ago
