Nasdaq Commodities

Daily energy market commentary provided by Nasdaq Corporate Solutions Advisory Services' Energy Team.

Brazilian airline Azul said on Monday that it will cut all of its international flights out of its main hub in Sao Paulo state later on Monday because of the coronavirus outbreak, significantly increasing its cancellations.

Online travel startups based in Germany are hunkering down to survive a coronavirus pandemic that threatens to inflict a "nuclear winter" on the travel industry as bookings plunge and borders close.

Germany announced plans on Monday to close most shops, limit restaurants' opening hours and ban religious services to try to slow the spread of the coronavirus.

Airlines made unprecedented cuts to flights, costs and staffing on Monday, stepping up calls for emergency aid as coronavirus lockdowns and new travel restrictions hit more major routes.

The owner of British Airways and easyJet, Europe's no.3 and no.4 airlines, warned aircraft would be grounded on an unprecedented scale in a battle to survive the coronavirus, but while easyJet said state aid was needed, BA's owner talked of self-help.

China's state oil company Sinochem Corp is rejecting any crude cargo "from or related to" Russia's state oil major Rosneft before U.S. sanctions on a Rosneft unit take effect in May, two sources with direct knowledge of the matter told Reuters.

When Japanese conglomerate Marubeni booked a loss of 3.9 billion yen ($35 million) at its U.S. grain trader Gavilon in November, it blamed adjustments for "inappropriate transactions" with Italy and Spain.

China said on Monday that it is encouraging companies to build pig farms overseas to plug a severe domestic pork shortage after a worse-than-ever African swine fever slashed almost half of its pig herd.

A look at the day ahead from EMEA deputy markets editor Sujata Rao. The views expressed are her own.

The London Metal Exchange (LME) said on Monday an employee of one its ring-dealing members had contracted the coronavirus, clean of the last open-outcry trading venue in Europe, prompting a number of precautionary measures, including a deep clean of its offices.

British retailer Laura Ashley warned on Monday it would need additional funding to meet its ongoing working capital requirements, just a month after saying it has access to sufficient cash to meet its immediate needs.

The Swedish government on Monday presented a package of measures worth more than 300 billion Swedish crowns ($30.94 billion) to support the economy in the face of the coronavirus pandemic.

The London Metal Exchange said on Monday a member of staff of a ring-dealing member has been diagnosed with the coronavirus, prompting a number of precautionary measures, including a deep clean of the last open-outcry trading venue in Europe.

The owner of British Airways and easyJet, Europe's no.3 and no.4 airlines, said they would ground aircraft on an unprecedented scale in a battle to survive the travel restrictions and European lockdowns now convulsing the industry.

A case of H5N8 bird flu has been confirmed in a poultry farm in the eastern German state of Saxony, German authorities said on Monday.

Mexican media published conflicting accounts on Sunday regarding what they had called the country's first coronavirus death, with some disputing that the individual in question, businessman Jose Kuri, had died.

Airlines around the world announced they would make more drastic reductions to their flying schedules, cut jobs and seek government aid after countries further tightened border restrictions due to the coronavirus.

Airlines in Australia and New Zealand said on Monday they would make drastic changes to their flying schedules after the countries over the weekend announced international travellers would need to self-isolate for 14 days due to the coronavirus.

The fast-spreading coronavirus has shaken the corporate world in New Zealand, with a growing number of companies suspending their earnings outlooks, and others reeling from the economic unknowns facing them.