News
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PRECIOUS-Gold falls on firmer dollar, dimming US rate cut hopes
Iran tells world to get ready for oil at $200 a barrelIEA agrees to release record 400 million barrels of oilUS January PCE data due on FridayBy Noel John March 12 (Reuters) - Gold prices fell on Thursday, weighed down by a firmer U.S. dollar and waning hopes for near‑term U.S. interest‑rate cuts...Reuters
Thu, Mar 12
TECHNICALS-CBOT soybeans may rise to $12.33-3/4
For more technical analyses, please click SINGAPORE, March 12 (Reuters) - The CBOT soybean May contract SK26 may break a resistance at $12.26 per bushel and rise to $12.33-3/4.The gain from the Tuesday low of $11.77-3/4 is classified as a continuation of the uptrend, which is supposed to extend abov...Reuters
Thu, Mar 12
Iran to allow India-flagged tankers pass through Strait of Hormuz, Indian source says
NEW DELHI, March 12 (Reuters) - Iran will allow India-flagged tankers to pass through the Strait of Hormuz, a key artery for global oil trade, an Indian source said on Thursday. An Iranian source denied allowing the tankers to pass through.Reuters
Thu, Mar 12
China orders immediate ban on March fuel exports, sources say
By Trixie Yap, Chen Aizhu and Siyi Liu SINGAPORE, March 12 (Reuters) - China has ordered an immediate ban on refined fuel exports in March in a further step to pre-empt a potential domestic fuel shortage caused by the U.S.-Israeli war on Iran, four sources with knowledge of the matter said on Thu...Reuters
Thu, Mar 12
Gold Weakens as Inflation Concerns Lift US Bond Yields and USD; Downside Remains Cushioned
Gold (XAU/USD) trades with a negative bias for the second consecutive day on Thursday, though it lacks follow-through selling and stalls the intraday slide near the $5,125 area. A fresh leg up in Crude Oil prices threatens the inflation outlook and overshadows signs of moderating price growth in the
Fxstreet
Thu, Mar 12
China orders immediate ban on fuel exports for March — Reuters
The Chinese government has effectively banned refined fuel exports for March "with immediate effect”, Reuters reported on Thursday. This measure comes as another step to pre-empt a potential domestic fuel shortage caused by the US-Israeli war on Iran.Fxstreet
Thu, Mar 12
Goldman Sachs raises Q4 Brent, WTI crude price forecast amid longer Hormuz disruption
March 12 (Reuters) - Goldman Sachs raised its Brent and WTI crude oil price forecasts for the fourth quarter of 2026 to $71/67 per barrel from $66/62 as it sees longer disruption to oil flows in the Strait of Hormuz due to the U.S.-Israeli war on Iran.Brent LCOc1 prices have gained more than 36% sin...Reuters
Thu, Mar 12
ROI-Crude oil futures separate from reality as Asia physical market buckles: Russell
By Clyde Russell LAUNCESTON, Australia, March 12 (Reuters) - Crude oil futures prices are reflecting a view that the market can successfully navigate the Iran war, while prices for physical cargoes and refined products are signalling an imminent crisis.Only one of these price signals is corre...Reuters
Thu, Mar 12
Russia's Dmitriev says he discussed global energy crisis with U.S. counterparts
MOSCOW, March 12 (Reuters) - Russian presidential envoy Kirill Dmitriev said on Thursday he had discussed the current energy crisis with his U.S. counterparts as part of a meeting of the U.S.-Russia working group on economy that took place in Florida. Nearly 20 million barrels per day (bpd) of suppl...Reuters
Thu, Mar 12
BREAKINGVIEWS-A global energy squeeze is now unavoidable: podcast
By Aimee Donnellan and Jonathan Guilford DUBLIN/NEW YORK, March 12 (Reuters Breakingviews) - Follow on Apple or Spotify. Listen on the Reuters app. Read the episode transcript. Listen to the podcast Though investors are still pricing in a swift end to the Middle East conflic...Reuters
Thu, Mar 12
Russia's Dmitriev says he discussed global energy crisis with U.S. counterparts
MOSCOW, March 12 (Reuters) - Russian presidential envoy Kirill Dmitriev said on Thursday he had discussed the current energy crisis with his U.S. counterparts as part of a meeting of the U.S.-Russia working group on economy that took place in Florida. "Today, many countries, primarily the Unite...Reuters
Thu, Mar 12
South Korea pledges to accelerate crackdown on illegal car exports to Russia
By Hyunjoo Jin SEOUL, March 12 (Reuters) - South Korea's customs authorities said on Thursday that they would ramp up a crackdown on illegal car exports to Russia after discovering a growing number of vehicles being sent to Russia via third countries such as China, Kazakhstan and Kyrgyzstan. ...Reuters
Thu, Mar 12
PRESS DIGEST-Financial Times - March 12
March 12 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- Plans to raise UK fuel duty 'under review' as Middle East crisis drags on- Blackstone readies 250 million pound Canary Wharf ...Reuters
Thu, Mar 12
Six vessels attacked in Gulf, Strait of Hormuz as war puts merchant ships on front lines
Iranian boats attacked two tankers in Iraqi waters, Iraq port security officials saidIraq oil ports stop operations, official saidThailand-flagged bulk carrier damaged off OmanJapan-flagged container ship and Greek-owned bulk carrier sustain minor damage By Aref Mohammed Ahmed Rasheed Jonathan Saul ...Reuters
Thu, Mar 12
PRECIOUS-Gold falls on firmer dollar, US inflation woes
Iran tells world to get ready for oil at $200 a barrelIEA agrees to release record 400 million barrels of oilUS January PCE data due on FridayBy Noel John March 12 (Reuters) - Gold prices fell on Thursday, pressured by a firmer U.S. dollar, while higher oil prices renewed inflation worries and da...Reuters
Thu, Mar 12
PRESS DIGEST-British Business - March 12
March 12 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Britain's last minehunter in the Gulf, HMS Middleton, was towed home to Portsmouth just...Reuters
Thu, Mar 12
REFILE-Projectile hits container ship off UAE's Jebel Ali, UKMTO says
March 12 (Reuters) - An unidentified projectile struck a container ship, causing a small fire, 35 nautical miles north of Jebel Ali in the United Arab Emirates, the United Kingdom Maritime Trade Operations (UKMTO) said on Thursday."All crew are reported safe," the agency said in an advisory....Reuters
Thu, Mar 12
