Energy
1. Azerbaijan resumes cargo transport across its border with Iran.
2. Russia's Novorossiysk oil terminal resumes loading.
3. British media reports UK gas reserves are only enough for two days.
4. US media: Iran plans to charge some ships in the Persian Gulf.
5. Croatia will implement temporary price controls on gasoline and other commodities.
6. Market news: Vietnam is considering importing crude oil from Venezuela.
7. Drone attack causes Qatar to postpone large-scale LNG expansion project.
8. A Greek oil tanker carrying Saudi crude oil closed its signal and left the Strait of Hormuz.
9. Market news: CME Group energy sector daily trading volume hit a record high of 8.3 million lots.
10. Mexican President: Mexico may lower fuel taxes to offset the impact of rising global oil prices.
11. According to two sources, Saudi Aramco is cutting oil production at two oil fields. 12. Iran threatens to strike neighboring oil facilities; Iranian Revolutionary Guard: will continue as long as oil prices reach $200.
13. Russian Deputy Prime Minister: Russia has decided to divert some of its current liquefied natural gas (LNG) supplies to other markets instead of Europe.
14. Two sources: Reliance Industries of India has purchased at least 6 million barrels of Russian crude oil for March delivery.
15. Shipping sources: Pipeline transport of Iraqi Kirkuk crude oil to the Turkish port of Ceyhan was suspended on March 9.
16. Saudi Aramco: Plans to increase refining capacity in strategic areas. Preparations are underway to resume production at the Rastanaura refinery.
17. Satellite images show Iran still loading crude oil at its terminals; Iran continues to ship large quantities of oil through the Strait of Hormuz.
18. A spokesperson for the European Commission stated that EU oil and gas supply agencies will hold a meeting on Thursday regarding the situation in the Middle East.
19. Russian President Putin: Oil production related to the Strait of Hormuz could completely halt as early as next month. The current high commodity prices are temporary.
20. Trump: Oil price increases are lower than I expected. Some oil-related sanctions will be temporarily lifted to lower prices. If Iran blocks oil flow through the Strait of Hormuz, a strike twenty times stronger than current measures will be launched.
21. Reserve Release Status: ① G7 finance ministers reached a consensus not to release strategic oil reserves for the time being, but are "ready" to release them if necessary. ② EU officials: Prepared to use strategic oil reserves. ③ Hungarian Prime Minister Orbán: The government will use national reserves to ensure supply. ④ India has no plans to release oil reserves for the time being. ⑤ International Energy Agency Executive Director: Member countries currently hold more than 1.2 billion barrels of public emergency oil reserves. Member countries hold an additional 600 million barrels of commercial crude oil at the request of their governments.
Precious Metals and Mining
1. Four nickel plants in Indonesia have suspended production due to landslides.
2. Ghana will launch a new gold royalty system on Tuesday.
3. Indonesia is assessing its policy to reduce coal and nickel production, and is expected to submit it in June or July.
4. Middle East conflict pushes up energy prices, with Asian coal prices rising to a near one-year high.
5. Central bank data shows that Chile's copper export revenue reached $4.697 billion in February.
6. The LME aluminum price spread widened to its largest level since 2022, indicating tight market supply and strong demand.
7. Venezuela's National Assembly passed its first reading of the mining law, but it still needs a second review before it can officially take effect.
