News
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Goldman Sachs Raises Q4 Brent, WTI Crude Price Forecast Amid Longer Hormuz Disruption
(Reuters) - Goldman Sachs raised its Brent, 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.Reuters
Thu, Mar 12
Japan's JERA to sell two Australian LNG projects to MidOcean Energy
TOKYO, March 12 (Reuters) - Japan's biggest utility and LNG buyer, JERA, has agreed to sell its interests in two Australian liquefied natural gas (LNG) projects, Gorgon and Ichthys, to MidOcean Energy. JERA will maintain its investments in the Wheatstone LNG project, the Barossa gas project,...Reuters
Thu, Mar 12
BREAKINGVIEWS-Luckin Coffee deal adds extra shot to comeback
By Katrina HamlinHONG KONG, March 12 (Reuters Breakingviews) - Luckin Coffee LKNCY.PK has a shot at redemption. Four years after Centurium Capital took control of the scandal-hit and bankrupt java chain, the buyout firm is in advanced talks to buy upscale peer Blue Bottle Coffee for less than $400 m...Reuters
Thu, Mar 12
Oman moves ships from Mina Al Fahal terminal as precaution, Bloomberg News says
March 12 (Reuters) - Oman has shifted all vessels out of its main oil export terminal at Mina Al Fahal outside the Strait of Hormuz in a precautionary move, Bloomberg News said on Thursday, citing direct recipients of a port agent's notice.Reuters could not immediately verify the report.Reuters
Thu, Mar 12
Samsung Display CEO warns of higher costs due to Middle East conflict, media say
SEOUL, March 12 (Reuters) - Samsung Display's chief executive said on Thursday the war in the Middle East threatens to drive up costs of energy and raw materials needed for the flat screens used in mobile phones and other electronic devices, media reported.Reuters
Thu, Mar 12
GRAINS-Chicago soybeans track soyoil prices, extend gains to third session
BEIJING, March 12 (Reuters) - Chicago soybean futures climbed for a third consecutive session on Thursday, tracking gains in soyoil prices after global crude oil recovered, as investors weighed the impact of military conflict in the Middle East. Higher crude prices can support soybeans as soyo...Reuters
Thu, Mar 12
PRECIOUS-Gold steady as dip‑buying offsets firm 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 held steady on Thursday, paring an earlier drop of nearly 1%, while a firmer dollar and fading hopes for near...Reuters
Thu, Mar 12
Japan's JERA To Sell Australia's Gorgon And Ichthys LNG Projects To EIG-Managed MidOcean Energy
March 12 (Reuters) - Tokyo Electric Power Company Holdings Inc 9501.T:JERA: TO REFOCUS AUSTRALIAN LNG PORTFOLIO WITH TRANSFER OF SHARES IN GORGON AND ICHTHYS LNG PROJECTSJERA: EIG-MANAGED MIDOCEAN WILL ACQUIRE JERA’S INTERESTS IN GORGON AND ICHTHYS LNG PROJECTSSource text: https://www.jera.co.jp/en/...Reuters
Thu, Mar 12
GRAINS-Chicago soybeans continue gains on rising soyoil prices
BEIJING, March 12 (Reuters) - Chicago soybean futures rallied for a third straight session on Thursday, tracking gains in soyoil prices after crude oil recovered while investors wrestled with the disruption caused by military conflict in the Middle East. Wheat and corn also gained. FUNDAMENTALS...Reuters
Thu, Mar 12
Iran Tells World To Get Ready for Oil at $200 a Barrel as It Fires on Merchant Shi
DUBAI/TEL AVIV/WASHINGTON, March 11 (Reuters) - Iran said the world should be ready for oil at $200 a barrel as its forces hit merchant ships on Wednesday and the International Energy Agency recommended a massive release of strategic reserves to dampen one of the worst oil shocks since the 1970s.Reuters
Thu, Mar 12
US Officials Say Iran Laid Mines in the Strait of Hormuz — WSJ
Iran intensified its efforts to halt traffic through the Strait of Hormuz, a critical oil conduit. The US military has turned down requests to escort tankers or other civilian ships through the strait, with defense officials saying it won't do so until the threat of Iranian fire has eased.
Fxstreet
Thu, Mar 12
Gold remains subdued as inflationary risks reduce Fed rate cut bets
Gold price (XAU/USD) extends its losses for the second successive session, trading around $5,150 during the Asian hours on Thursday. The bullion price slides as surging oil prices heightened inflationary risks and reduced the likelihood of Federal Reserve (Fed) interest rate cuts.
Fxstreet
Thu, Mar 12
Oil Climbs as Tankers Are Attacked in Iraqi Waters Amid Middle East War
BEIJING, March 12 (Reuters) - Oil prices climbed on Thursday after Iraqi security officials said Iranian explosive-laden boats had hit two fuel oil tankers amid other global supply disruptions from the U.S.-Israeli war on Iran.Reuters
Thu, Mar 12
Gold Edges Lower on Firmer Dollar, Renewed Inflation Fears
March 12 (Reuters) - Gold prices edged lower on Thursday, pressured by a firmer dollar, while higher oil prices renewed inflation worries and dampened hopes for near-term interest rate cuts.FUNDAMENTALSSpot gold XAU= fell 0.2% to $5,165.73 per ounce as of 0103 GMT. U.S. gold futures GCcv1 for April ...Reuters
Thu, Mar 12
Venezuela's Rodriguez promotes deputy to head oil ministry
March 11 (Reuters) - Venezuela's acting President Delcy Rodriguez said on Wednesday that she has appointed Paula Henao as oil minister, filling the key role as the country overhauls its oil industry amid U.S. pressure.The position became vacant when Rodriguez, who had been serving as both oil mi...Reuters
Thu, Mar 12
Trump, in comments on Iran war, says US looking 'strongly at the straits'
WASHINGTON, March 11 (Reuters) - President Donald Trump said on Wednesday that Washington was in "very good shape" in its war on Iran and the U.S. was "going to look very strongly at the straits."The war has rattled global markets. Raising the stakes for the global economy, Iran'...Reuters
Thu, Mar 12
