News
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Macquarie Raises 2026 WTI Forecast to $83/bbl on Supply Risks
March 26 (Reuters) - Macquarie on Thursday raised its 2026 oil price outlook, forecasting West Texas Intermediate (WTI) to average about $83 per barrel, up from around $58 previously, citing supply disruptions caused by the Middle East conflict.It also lowered its 2026 U.S. natural gas price forecasReuters
10 minutes ago
BREAKINGVIEWS-Pernod and Jack Daniel’s would be a stiff cocktail
By Jeffrey GoldfarbNEW YORK, March 27 (Reuters Breakingviews) - There’s some logic to blending two dispirited booze producers in one $30 bln liquor cabinet. The Parisian distiller and Kentucky rival Brown-Forman probably can gin up some strong synergies together. Family ownership and teetotalling tr...Reuters
22 minutes ago
Inpex to give Japan firms priority in Central Asia oil sales, NHK says
TOKYO, March 27 (Reuters) - Japanese oil and gas developer Inpex 1605.T has decided to give priority to Japanese companies when it sells oil from oil fields it develops in Central Asia, NHK reported on Friday.Inpex has stakes in the Kashagan oilfield in Kazakhstan and the Azeri-Chirag-Gunashli proje...Reuters
33 minutes ago
CIF/FOB Gulf Grain-Corn, soy barge bids firm amid thin farmer offerings
CHICAGO, March 26 (Reuters) - Spot basis bids for corn and soybeans shipped by barge to U.S. Gulf Coast terminals strengthened on Thursday, supported by a slow pace of farmer grain sales, traders said.Freight costs fell on the lower Ohio River, but empty barges remained scarce on the mid-Mississippi...Reuters
37 minutes ago
EXPLAINER-Drones and mines: taking Kharg Island would pose risks for US troops
By David Brunnstrom WASHINGTON, March 26 (Reuters) - President Donald Trump has been weighing whether to use ground forces to seize Iran's strategic oil hub of Kharg Island, an operation analysts say could be achieved quickly, but leave U.S. troops in great peril and prolong rather than short...Reuters
49 minutes ago
Thai ship hit in Hormuz runs aground off Iran's Qeshm Island, Iran's Tasnim says
March 27 (Reuters) - A Thai-flagged cargo ship that was hit by unknown projectiles in the Strait of Hormuz earlier this month has run aground off Iran's Qeshm Island, Iran's Tasnim news agency said on Friday.Thailand said 20 crew members were rescued by the Omani navy, while three were missi...Reuters
59 minutes ago
Chevron reports outage at Australian gas facilities due to cyclone
SYDNEY, March 27 (Reuters) - Chevron CVX.N said on Friday it was working to restore production at its Gorgon and Wheatstone liquefied natural gas facilities in Australia following production outages that likely happened because of Tropical Cyclone Narelle."We will resume full production at both ...Reuters
an hour ago
Pernod Ricard in merger talks with Jack Daniel's maker Brown-Forman
By Emma Rumney and Neil J Kanatt March 26 (Reuters) - France's Pernod Ricard PERP.PA and Jack Daniel's owner Brown-Forman BFb.N are in discussions about a possible merger, the companies said on Thursday, a move that would unite the world's second-largest spirits maker with the largest...Reuters
2 hours ago
Chevron reports outage at Australian gas facilities due to cyclone
SYDNEY, March 27 (Reuters) - Chevron CVX.N said on Friday it was working to restore production at its Gorgon and Wheatstone gas facilities in Australia following production outages that happened likely because of Tropical Cyclone Narelle."We will resume full production at both facilities once it...Reuters
2 hours ago
RPT-From beer to cosmetics, Asia feels full force of war-fuelled energy crisis
Asia most vulnerable to Middle East supply disruptionsSouth Korean businessman says suppliers raising prices up to 50%Cosmetics container maker scrambling to secure plastic resinConsumers rush to stock up on rubbish bags, noodles By Hyunjoo Jin, Daewoung Kim and Sophie Yu SEOUL/BEIJING, March 26...Reuters
2 hours ago
Trump says he will pause attacks on Iran's energy plants
By Bhargav Acharya and Kanishka Singh WASHINGTON, March 26 (Reuters) - U.S. President Donald Trump said on Thursday he was pausing attacks on Iran's energy plants for 10 days at what he cast as the Iranian government's request, and said talks with Tehran were going "very well."...Reuters
3 hours ago
Venture Global and Edison settle arbitration dispute over early Calcasieu Pass LNG sales
Final settlement expected to be completed by June 2026, ending arbitrationVenture Global was accused of selling LNG on spot market instead of making contractual shipments to EdisonDeal includes additional LNG cargoes for Edison, enhancing partnershipBy Curtis Williams and Francesca LandiniMarch 26 (...Reuters
3 hours ago
Fuel prices spike in Chile, posing early political test for Kast
Fuel price surge in Chile sparks nationwide anxietyEmpty stations underscore mounting public frustrationEarly backlash threatens Kast's political momentumBy Fabian Cambero SANTIAGO, March 26 (Reuters) - Empty gas stations and price boards still displaying pre‑hike rates captured Chileans'...Reuters
3 hours ago
FACTBOX-Analysts hike oil price outlooks as Iran conflict continues
March 27 (Reuters) - Major brokerages have raised their 2026 average oil price forecasts as the U.S.-Israeli war with Iran drove oil prices sharply higher this month. Macquarie on Friday raised its fiscal year 2026 oil price forecast, projecting West Texas Intermediate crude would average approximat...Reuters
3 hours ago
EnergyX Commissioned U.S.-Based Lithium Production Facility At Project Lonestar
March 26 (Reuters) - EnergyX:ENERGYX: LONESTAR DEMONSTRATION PLANT IS OPERATIONAL & TO PRODUCE ABOUT 250 METRIC TONS PER YEAR OF BATTERY-GRADE LITHIUM CARBONATE EQUIVALENTENERGYX: COMMISSIONED U.S.-BASED LITHIUM PRODUCTION FACILITY AT PROJECT LONESTARReuters
4 hours ago
GM-backed EnergyX to launch Texas lithium facility
March 26 (Reuters) - EnergyX, a startup backed by General Motors GM.N, said on Thursday it has commissioned a lithium production facility at its project Lonestar, located in the Smackover formation in Texas.Lithium demand has been surging globally, driven by the role of lithium-ion batteries in elec...Reuters
4 hours ago
Ukraine using strikes on oil facilities to keep pressure on Russia after sanctions eased, Zelenskiy says
Zelenskiy criticizes easing of international oil sanctions on RussiaWashington's waiver allows purchase of stranded Russian oilUkraine's drone attacks halt 40% of Russia's oil export capacityBy Daniel Flynn and Olena Harmash KYIV, March 26 (Reuters) - Ukraine is using long-range strik...Reuters
4 hours ago
LIVESTOCK-CME cattle slightly higher as traders weigh demand
CHICAGO, March 26 (Reuters) - Chicago Mercantile Exchange live and feeder cattle futures ticked higher on Thursday as traders continued to eye whether consumers will push back against high beef prices, analysts said.An ongoing strike at the JBS meatpacking plant in Greeley, Colorado, has largely bee...Reuters
4 hours ago
Mexican navy says petroleum tanker, natural seabed likely caused Gulf coast spill
By Raul Cortes and Adriana BarreraMEXICO CITY, March 26 (Reuters) - An oil spill in the Gulf of Mexico was caused by both natural causes and a petroleum tanker that authorities are still trying to identify, Mexican officials said on Thursday.Raymundo Morales, the head of the Mexican navy, said satel...Reuters
4 hours ago
