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Goldman Sachs warns oil may surge above $100/bbl if Hormuz flows don’t recover
March 6 (Reuters) - Goldman Sachs said oil prices are likely to exceed $100 per barrel next week if no signs of a solution emerge to the severe disruption in flows through the Strait of Hormuz, warning that upside risks to its base‑case forecast are rapidly growing further.The bank said it plans to ...Reuters
Fri, Mar 6
Ecuador expects $638 mln in investment from oil contract extensions-official
By Alexandra ValenciaQUITO, March 6 (Reuters) - The Ecuadorean government expects to secure over $638 million in investment commitments this year through contract extensions with private oil companies to boost national production, Deputy Minister of Hydrocarbons Eduardo Racines said on Friday.Ecuado...Reuters
Fri, Mar 6
Ecuador expects $638 mln in investment from oil contract extensions-official
By Alexandra ValenciaQUITO, March 6 (Reuters) - The Ecuadorean government expects to secure over $638 million in investment commitments this year through contract extensions with private oil companies to boost national production, Deputy Minister of Hydrocarbons Eduardo Racines said on Friday.Ecuado...Reuters
Fri, Mar 6
US Plains HRW Wheat-Basis steady as protein premiums fall
CHICAGO, March 6 (Reuters) - Basis bids for hard red winter wheat were flat in the southern U.S. Plains on Friday, as protein premiums fell and traders assessed weather risks to the crop. Protein premiums for railcar HRW wheat to and through Kansas City fell by 3 to 13 cents a bushel for wheat with ...Reuters
Fri, Mar 6
US could lift sanctions on more Russian oil, says Bessent
March 6 (Reuters) - Treasury Secretary Scott Bessent on Friday said the United States could remove sanctions from more Russian oil, a day after Washington issued a 30-day waiver allowing the sale of Russian crude currently stranded at sea to continue to India."We may unsanction other Russian oil...Reuters
Fri, Mar 6
Boeing Says CEO Robert Ortberg's 2025 Total Compensation Was $23.6 Million - SEC Filing
March 6 (Reuters) - Boeing Co BA.N:BOEING SAYS CEO ROBERT ORTBERG'S 2025 TOTAL COMPENSATION WAS $23.6 MILLION - SEC FILINGBOEING SAYS CFO JESUS MALAVE, JR.'S 2025 TOTAL COMPENSATION WAS $20.2 MILLIONReuters
Fri, Mar 6
US could lift sanctions on more Russian oil, says Bessent
March 6 (Reuters) - Treasury Secretary Scott Bessent on Friday said the United States could remove sanctions from more Russian oil, a day after Washington issued a 30-day waiver allowing the sale of Russian crude currently stranded at sea to continue to India.Bessent made the comments in an intervie...Reuters
Fri, Mar 6
Peru taps fuel reserves to combat worst energy crunch in two decades
By Marco Aquino LIMA, March 6 (Reuters) - Peru will draw on fuel reserves to safeguard domestic supply, Prime Minister Denisse Miralles said on Friday, after a gas pipeline rupture triggered the most severe energy crisis in two decades. The government will urge public and private‑sector...Reuters
Fri, Mar 6
Iran's IRGC challenges Trump to have US vessels escort oil tankers in strait of Hormuz, Iranian state media says
March 6 (Reuters) - A spokesman for Iran’s Revolutionary Guards challenged U.S. President Donald Trump to deploy U.S. naval vessels to escort oil tankers through the Strait of Hormuz, Iranian state media reported on Friday.The U.S. Navy could begin escorting oil tankers through the Strait of Hormuz ...Reuters
Fri, Mar 6
Panama Canal saw 2.8% transit increase through January despite tensions
By Elida Moreno and Marianna ParragaPANAMA CITY, March 6 (Reuters) - The Panama Canal, the world's second busiest interoceanic way, saw a 2.8% increase in vessel transits in the first four months of its fiscal year through January, according to an analysis prepared by its authority seen by Reute...Reuters
Fri, Mar 6
Farmers see fertiliser price surge as Iran war blocks exports, threatening losses
Gulf war disrupts fertiliser supplies, shipping routesFarmers around world see prices rise just before planting seasonUrea prices jump as global fertiliser supply tightensWeeks-long shutdown would prevent supplies reaching farmers for springBy Naveen Thukral and Ed White SINGAPORE/WINNIPEG, March...Reuters
Fri, Mar 6
US Cash Crude-Grades rise as widening Iran war tightens global supplies
NEW YORK, March 6 (Reuters) - Grades rose on Friday, dealers said, as the war in Iran continued to widen across the Middle East and disrupted energy flows and supplies. Kuwait has begun cutting production at some oil fields after running out of room to store its bottled-up crude, the Wall Street Jou...Reuters
Fri, Mar 6
GRAINS-Soybeans hit contract high on crude oil rally as war worries grow
Soybeans at highest since 2024, following crude oil rallyWheat climbs to near 1-year peak on short-coveringFears of war fallout offset higher dollar, big grain suppliesBy Heather Schlitz CHICAGO, March 6 (Reuters) - Chicago soybeans rose on Friday to their highest since June 2024, tracking furthe...Reuters
Fri, Mar 6
Venezuela resumes exports of diluted crude oil after 15-month pause -document
By Marianna ParragaMarch 6 (Reuters) - Venezuela this month resumed exports of a key crude grade that had not been shipped since late 2024, diluted crude oil (DCO), with U.S. Chevron CVX.N sending a 500,000-barrel cargo to the U.S. Gulf Coast, a document from state energy company PDVSA seen on Frida...Reuters
Fri, Mar 6
US natgas futures up 6% to 3-week high with increased demand and Iran tension
US gas prices rise due to increased demand and Iran conflictQatar LNG shutdown impacts global supply, not US exportsWaha Hub prices in Texas negative for 21 consecutive days due to pipeline issuesBy Scott DiSavino NEW YORK, March 6 (Reuters) - U.S. natural gas futures climbed about 6% to a three-...Reuters
Fri, Mar 6
ANALYSIS-US airlines no longer hedge fuel costs. That could hurt margins if Iran conflict lingers
Shares of U.S. carriers have slipped since conflict escalationEuropean and Asian airlines maintain active fuel hedging strategiesUnited's fuel expenses could rise 15% from last year - Reuters calculationDelta's refinery offers partial fuel cost buffer, unlike other U.S. carriersBy Shivansh T...Reuters
Fri, Mar 6
CBOT wheat up on war premium, short-covering
CHICAGO, March 6 (Reuters) - Chicago Board of Trade wheat futures rose sharply on Friday to approach a one-year high, with fears about an escalating Middle East conflict fuelling short-covering ahead of the weekend.The Middle East conflict has taken attention away from beneficial rain in some U.S. w...Reuters
Fri, Mar 6
CBOT corn higher as crude oil rallies
CHICAGO, March 6 (Reuters) - Chicago Board of Trade corn futures turned higher on Friday following a rally in crude oil prices caused by the ongoing conflict in the Middle East.Grain markets can track movements in crude oil, partly due to investment flows from commodity funds and also because crops ...Reuters
Fri, Mar 6
CBOT soybeans hit contract highs on crude oil rally
CHICAGO, March 6 (Reuters) - Chicago Board of Trade soybean futures rose on Friday to their highest point since June 2024 on a continuous chart, tracking further gains in crude oil prices as investors continued to react to potential disruption from the U.S.-Israeli war with Iran.U.S. crude oil futur...Reuters
Fri, Mar 6
LIVESTOCK-CME cattle lower on long liquidation, weak jobs report
By Heather Schlitz CHICAGO, March 6 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures settled lower on Friday as managed money exited their long positions ahead of the weekend and following a disappointing jobs report and expectations of higher inflation, analysts said.CME Ap...Reuters
Fri, Mar 6
