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FACTBOX-Price hikes, outlook cuts - What airlines are doing as fuel costs surge
March 27 (Reuters) - A surge in jet fuel prices driven by the U.S.-Israeli war on Iran has upended the global aviation industry, forcing airlines to raise fares and revise financial outlooks.Jet fuel prices have soared from $85 to $90 per barrel to $150 to $200 per barrel in recent weeks, a financia...Reuters
8 minutes ago
TABLE-North Sea gas maintenance schedule: Revises Kollsnes outage
March 27 (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
13 minutes ago
Russia's Lavrov says US wants to take over Nord Stream gas pipelines
MOSCOW, March 27 (Reuters) - Russian Foreign Minister Sergei Lavrov said the U.S. has been seeking control over the Nord Stream gas pipelines in the Baltic Sea, which were damaged by mysterious blast in September 2022.Explosions that destroyed the pipelines more than three years ago largely severed ...Reuters
17 minutes ago
Sulphur price surge creates windfall for China's struggling oil refiners
More than half the world's seaborne sulphur came from the GulfChina sulphur prices up by 33% since Iran war startedSinopec sees biggest jump in margins in four yearsRefiners still face serious challenges including refined product export banBy Sam Li and Lewis Jackson BEIJING, March 27 (Reuter...Reuters
an hour ago
PRECIOUS-Gold rises on softer dollar, on track for fourth weekly drop
Trump pauses attacks on Iran's energy plantsGold falls over 1% so far this weekMarkets see no Fed rate cut this yearBy Noel John March 27 (Reuters) - Gold rose over 1% on Friday, buoyed by a weaker dollar and bargain hunting, but was on track for a fourth straight weekly decline as surging en...Reuters
2 hours ago
Australia’s biggest LNG plants suffer outages due to cyclone, straining global supply
Category 3 cyclone batters Western AustraliaChevron reports outages at Gorgon and Wheatstone LNG Production at Woodside's North West Shelf also disrupted SYDNEY, March 27 (Reuters) - A powerful tropical cyclone in Western Australia has disrupted production at the country’s two biggest liquefi...Reuters
2 hours ago
Oil prices on track for steepest weekly fall in 6 months
SINGAPORE, March 27 (Reuters) - Oil prices fell on Friday and were on track for the steepest weekly decline in six months after U.S. President Donald Trump said talks to end the war with Iran were going well and that he would pause attacks on the country's energy plants for 10 days. Brent future...Reuters
2 hours ago
GRAINS-Chicago oilseed and grain futures wobble over Iran war uncertainty
BEIJING, March 27 (Reuters) - Chicago oilseed and grain futures fluctuated between gains and losses on Friday, as investors monitored developments in the Middle East amid mixed signals from the U.S. and Iran about efforts to end the war.The most-active corn contract on the Chicago Board of Trade (CB...Reuters
2 hours ago
METALS-Copper on track for weekly gain as Trump pauses attack on Iran's energy plants
March 27 (Reuters) - Copper inched up on Friday and was on track to post its first weekly gain since the U.S.-Israel war on Iran began, following U.S. President Donald Trump's statements this week on pausing attacks on Iran's energy plants.The most-active copper contract SCFcv1 on the Shangh...Reuters
2 hours ago
Singapore sets out plans to build Asia gold trading hub
By Yantoultra Ngui SINGAPORE, March 27 (Reuters) - Singapore set out plans on Friday to turn the city-state into a gold trading hub for the whole of Asia, with regulators and industry players working together to strengthen the market's trading, clearing and storage infrastructure.Singapore is...Reuters
3 hours ago
GRAINS-Chicago corn falls, tracking losses in crude oil
BEIJING, March 27 (Reuters) - Chicago corn futures fell on Friday, tracking a pullback in crude oil prices as investors assessed the market impact of the Middle East conflict.Wheat fell and soybeans stayed unchanged.FUNDAMENTALSThe most-active corn contract on the Chicago Board of Trade Cv1 fell 0.1...Reuters
4 hours ago
PRECIOUS-Gold rises on softer dollar, but on track for fourth weekly drop
Trump pauses attacks on Iran's energy plantsGold falls over 1% so far this weekMarkets see no Fed rate cut this yearBy Noel John March 27 (Reuters) - Gold rose over 1% on Friday, buoyed by a weaker dollar and bargain hunting, but was on track for a fourth straight weekly decline as surging en...Reuters
4 hours ago
PRECIOUS-Gold set for fourth weekly fall as Mideast war boosts rate-hike bets
March 27 (Reuters) - Gold prices held steady on Friday, but were on track for a fourth straight weekly decline, as surging energy prices from the Middle East conflict fuelled inflation concerns and bolstered bets on higher-for-longer global interest rates.FUNDAMENTALSSpot gold XAU= was little change...Reuters
5 hours ago
Oil prices fall as Trump pauses attacks on Iranian energy plants
PERTH, March 27 (Reuters) - Oil prices fell in early trade on Friday and were down over a volatile week after U.S. President Donald Trump said talks with Iran to end the war were going "very well" and announced he would pause attacks on the country's energy plants for 10 days. Brent futu...Reuters
6 hours ago
BREAKINGVIEWS-Pernod and Jack Daniel’s would be a stiff cocktail
By Jeffrey GoldfarbNEW YORK, March 27 (Reuters Breakingviews) - Mixing anise liqueur and Tennessee whiskey would be a complex cocktail. There's some appealing logic to the idea of Paris-based Pernod Ricard PERP.PA swallowing Jack Daniel's distiller Brown-Forman BFb.N. Blending all the financ...Reuters
6 hours ago
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
6 hours 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
6 hours ago
