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FOCUS-One battle after another: Iran war deals new blow to Europe's industrial heartland
Iran war ramps up energy costs for European companies Supplies of key raw materials also hit by the conflictLatest blow comes after COVID, Ukraine war and US tariffsCompanies cut costs and put investment on holdBy Christoph Steitz and Dominique Patton KLEINKARLBACH, Germany, March 23 (Reuters) - ...Reuters
Mon, Mar 23
PRESS DIGEST-Financial Times - March 23
March 23 (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- Poste Italiane launches 10.8 billion euro bid for Telecom Italia- Solo investor Air Street raises $232 million to chase hot AI b...Reuters
Mon, Mar 23
PRECIOUS-Gold slides to nearly 4-month low as Mideast tensions stoke inflation fears
Iran vows to hit Gulf infrastructure if US strikes power gridMarket bets on Fed rate hike this year surgeOil prices remain above $110 per barrelBy Noel John March 23 (Reuters) - Gold prices slipped more than 2% on Monday, hitting a nearly four-month low, as an escalating Middle East conflict stokReuters
Mon, Mar 23
UAE's ADNOC Gas adjusts LNG output in response to shipping disruption
March 23 (Reuters) - The gas subsidiary of ADNOC, Abu Dhabi's state oil firm, on Monday said it made temporary adjustments to its production of liquefied natural gas and export-traded liquids in response to ongoing shipping disruption in the Strait of Hormuz. The U.S.-Israeli war on Ira...Reuters
Mon, Mar 23
Japan Petroleum Association eyes North America for crude supply options
TOKYO, March 23 (Reuters) - Japan Petroleum Association President Shunichi Kito said on Monday that North America was one potential source for alternative crude oil supply to the Middle East, with Ecuador, Colombia and Mexico also possible options.Kito, who is also chairman of Japan's second-big...Reuters
Mon, Mar 23
TABLE-North Sea gas maintenance schedule: Adds Bacton SEAL (Elgin Franklin) outage
March 23 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUT...Reuters
Mon, Mar 23
Iran points at tit for tat retaliation if power plants targeted, statement
DUBAI, March 23 (Reuters) - Iran will retaliate to an attack on its electricity sector by targeting Israel's power plants as well as power plants supplying U.S. bases with electricity in regional countries, a statement by the Revolutionary Guards on Monday said. The statement seemingly retracted...Reuters
Mon, Mar 23
FACTBOX-Analysts hike oil price outlooks as Iran conflict persists
March 23 (Reuters) - Major brokerages have revised their 2026 average oil price forecasts as the U.S.-Israeli war on Iran rages on, with the conflict having sent oil prices surging more than 50% this month. Goldman Sachs raised its Brent crude oil forecast for 2026 to $85 a barrel from $77, citi...Reuters
Mon, Mar 23
US energy, interior secretaries meet executives amid market turmoil
By Arathy Somasekhar and Georgina McCartney HOUSTON, March 22 (Reuters) - U.S. Energy Secretary Chris Wright and Interior Secretary Doug Burgum discussed everything from raising domestic oil output to opportunities in Venezuela with energy executives in Houston on Sunday amid the world's wors...Reuters
Mon, Mar 23
UN weather agency confirms hottest decade on record
GENEVA, March 23 (Reuters) - The years between 2015 and 2025 have been the hottest since records began, the U.N. weather agency said on Monday, with 2025 ranking either second or third overall.The World Meteorological Organization report said 2015-2025 were the hottest 11 years since records began i...Reuters
Mon, Mar 23
IEA Discussing Further Oil Stock Releases, Chief Birol Says
PERTH/SYDNEY, March 23 (Reuters) - The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday.Reuters
Mon, Mar 23
Goldman Sachs Raises 2026 Brent Crude Average Price Forecast by $8 to $85 a Barrel
March 22 (Reuters) - Goldman Sachs late on Sunday raised its 2026 average price forecast for Brent crude oil to $85 per barrel (bbl) from $77, while raising its West Texas Intermediate (WTI) forecast to $79/bbl from $72.Reuters
Mon, Mar 23
Gold Slides Over 2% as Middle East Tensions Stoke Inflation Fears
March 23 (Reuters) - Gold prices slipped more than 2% on Monday, extending their drop to a roughly four-month low, as an escalating Middle East conflict stoked inflation concerns and expectations of higher global interest rates.Reuters
Mon, Mar 23
GRAINS-Chicago soybeans rise as investors weigh impact of US-Iran war
BEIJING, March 23 (Reuters) - Chicago soybean futures climbed on Monday as investors weighed U.S. and Iranian threats to target energy facilities that could escalate the war and add further pressure to the global commodities market. Wheat and corn futures edged higher. The most-active soybean contra...Reuters
Mon, Mar 23
GRAINS-Chicago soybeans rise as investors weigh impact of US-Iran war
BEIJING, March 23 (Reuters) - Chicago soybean futures climbed on Monday as investors weighed U.S. and Iranian threats to target energy facilities that could escalate the war and add further pressure to the global commodities market. Wheat and corn futures edged higher. FUNDAMENTALSThe most-acti...Reuters
Mon, Mar 23
PRECIOUS-Gold slides over 3% as Middle East tensions stoke inflation fears
March 23 (Reuters) - Gold prices slipped more than 3% on Monday, extending their drop to a roughly four-month low, as an escalating Middle East conflict stoked inflation concerns and expectations of higher global interest rates.FUNDAMENTALSSpot gold XAU= was down 3.3% at $4,340.09 per ounce, as of 0Reuters
Mon, Mar 23
