U.S. natural gas futures dropped about 6% on Monday to a four-week low, on rising
output and new forecasts for milder weather and lower heating demand next week that should allow utilities to ...
The industrial action against the French government's pension reforms stretched into its 20th day on Monday, as at least six out of seven refineries in France were shut or functioning at reduced capacity and liquefied natural gas terminals were blocked.
The industrial action against the French government's pension reforms disrupting the 240,000 barrel-per-day Port Jerome refinery, one of the largest in France, has been extended until March 29, the CGT union said in a tweet.
U.S. natural gas futures fell about 4% to a four-week low on Monday on rising output
and forecasts for milder weather and lower heating demand next week than previously expected that should ...
* Benchmark contract rises, but traders remain wary. * Upswing in palm oil and product exports in Malaysia, Indonesia. Malaysian palm oil futures closed higher on Monday, after falling for the last seven consecutive trading days, but weaker rival soyoil capped gains.
* This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine. Russia's diesel and gasoil shipments to Brazil, Turkey and Africa were heading to new record highs in March as traders pushed into new markets following an EU ban on Russian oil products, according to traders and Refinitiv data.
European prompt power prices rose on Monday, with German wind power supply expected to tumble and demand projected to rise across the region. German day-ahead baseload power traded at 114.50 euros per megawatt hour at 0855 GMT, jumping 54.7% from the price paid for Monday. The equivalent French contract was at 123.50 euros, up 51.5% from the price paid for Monday delivery.
* Malaysian palm oil contract rose 35 ringgit. * 25 rose between 11.4% and 19.8% from a month earlier. * Sentiments bogged down by weakness in related veg oil. * SINGAPORE, March 27 - Malaysian palm oil futures climbed on Monday, lifted by stronger March exports so far, setting the contract on course to snap a seven-day decline.
Oil prices rose more than $3 on Monday as a halt to some exports from Iraq's Kurdistan region added to worries about oil supplies while a U.S. banking acquisition eased worries that financial turmoil could hurt the economy and curtail fuel demand. Brent crude futures settled up $3.13, or 4.2%, at $78.12 a barrel.
Oil prices climbed in early trade on Monday as concerns over turmoil in the banking sector eased, while comments by Russian President Vladimir Putin over the weekend ratcheted up geopolitical tensions in Europe. Brent crude futures gained 33 cents, or 0.4%, to $75.32 a barrel at 0040 GMT. Brent rose 2.8% last week, while WTI rebounded 3.8% as jitters in the banking sector eased.
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