Oil prices jump again as worries grow over Hormuz

HONG KONG, March 17 (AFP): Oil prices resumed their push higher Tuesday as several countries pushed back against Donald Trump's demand that they help secure the key Strait of Hormuz, while Iran continued to target crude-producing neighbours.The advances pared some of the previous day's sharp losses that came after the...

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Gold steady as markets track Iran war tensions

Gold prices held steady on Tuesday, as market participants monitored the intensifying Iran conflict and awaited the US Federal Reserve's upcoming policy decision, reports Reuters.Spot gold was little changed at $5,011.38 per ounce by 08:50 a.m. ET (1250 GMT). US gold futures for April delivery rose 0.3% to $5,016.40.Jim Wyckoff,...

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Malaysian palm oil dips over 1pc as soyoil, uncertain Indonesian policy weigh

KUALA LUMPUR, Mar 17 (Reuters): Malaysian palm oil futures dropped more than 1% on Tuesday, ending a four-session rally, pressured by weakness in soyoil and the uncertainty over several key Indonesian policies.The benchmark palm oil contract for June delivery on the Bursa Malaysia Derivatives Exchange slid 71 ringgit, or 1.53%,...

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Global LNG demand to surge 54pc by 2040: Shell

LONDON, Mar 17 (Reuters): Global demand for liquefied natural gas is estimated to rise by 54-68% by 2040 and 45-85% by 2050 from 422 million metric tons in 2025, boosted by growing Asian appetite for the fuel, Shell, the world's biggest LNG trader, said on Monday.A year ago, Shell said...

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