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PRECIOUS-Gold climbs over 1% as expanding Middle East war fuels safe‑haven demand
Silver, platinum up over 2%Oil, gas prices surge as Middle East energy shipments stallHigher oil prices complicates outlook for monetary easing, analyst saysBy Noel John March 4 (Reuters) - Gold prices rose over 1% on Wednesday, rebounding from a more than one-week low hit in the previous session...Reuters
8 minutes ago
TECHNICALS-CBOT corn biased to retest support at $4.44-3/4
SINGAPORE, March 4 (Reuters) - CBOT corn CK26 is biased to retest a support at $4.44-3/4 per bushel, a break below which may trigger a fall to $4.42-3/4.A correction from $4.49-1/4 has been mostly developing within a rising channel, the lower channel line of which suggests a target of $4.42-3/4.A br...Reuters
11 minutes ago
Oil seen elevated as Hormuz risks intensify amid Iran conflict, analysts say
March 4 (Reuters) - Oil prices are expected to remain elevated in the near term as traders weigh the risk of supply disruptions through the Strait of Hormuz, a chokepoint for more than 20% of global oil supply, amid the widening Middle East conflict.Israeli and U.S. strikes on Iranian targets have l...Reuters
13 minutes ago
Pakistan seeks Saudi oil supplies via Yanbu port after Hormuz disruption
KARACHI, March 4 (Reuters) - Pakistan has asked Saudi Arabia to route oil supplies through the Red Sea port of Yanbu after the closure of the Strait of Hormuz disrupted shipping, the petroleum ministry said in a press release on Wednesday. The request comes as war in the Middle East has disrupted sh...Reuters
16 minutes ago
ROI-Gold flubs its lines amid Middle East mayhem: Mike Dolan
By Mike Dolan LONDON, March 4 (Reuters) - The most peculiar market move in an alarming week of Middle East conflict was how the most obvious "safe haven" - gold - flubbed its lines. Instead of piling into gold, investors seemed to sprint for dollar cash, offloading anything that caught a ...Reuters
20 minutes ago
Goldman Sachs raises Q2 Brent oil price forecast by $10 to $76 a barrel
March 4 (Reuters) - Goldman Sachs GS.N raised on Wednesday its second-quarter 2026 average price forecast for Brent crude oil by $10 to $76 per barrel and for WTI by $9 to $71.These forecasts assume that low oil flows via the Strait of Hormuz will lead to large declines in OECD inventories and Middl...Reuters
23 minutes ago
WRAPUP 2-US strike on Iran 'ahead of game plan' but global markets rattled, energy prices soar
US and Israel strikes degrade Iran's defences, says US admiralTehran becomes 'ghost town', civilian casualties riseGlobal markets slide, energy prices soarMore than 20,000 flights cancelled in Middle EastGovernments rush to bring stranded travellers homeBy Jana Choukeir and Pesha Magid ...Reuters
25 minutes ago
Turkey's TPAO, Eti Maden could invest in Canada, minister says
ISTANBUL, March 4 (Reuters) - Turkish Energy Minister Alparslan Bayraktar said that state oil company Turkish Petroleum (TPAO) and state mining company Eti Maden could invest in Canada, according to a statement released by his ministry on Wednesday."We are looking for opportunities and alternati...Reuters
29 minutes ago
TECHNICALS-CBOT soybeans may retest support at $11.58
For more technical analyses, please click SINGAPORE, March 4 (Reuters) - The CBOT soybean May contract SK26 might retest support at $11.58 per bushel, a break below which could open the way toward $11.46-3/4. Following its two failures to break through resistance at $11.83, the market is mor...Reuters
31 minutes ago
TABLE-North Sea gas maintenance schedule: Revises Atwick outage
March 4 (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.OPERATORLOCATIONOUTA...Reuters
31 minutes ago
Pakistan seeks Saudi oil supplies via Yanbu port after Hormuz disruption
KARACHI, March 4 (Reuters) - Pakistan has asked Saudi Arabia to route oil supplies through the Red Sea port of Yanbu after the closure of the Strait of Hormuz disrupted shipping, the petroleum ministry said in a press release on Wednesday. Riyadh has assured Islamabad it would support energy supplie...Reuters
40 minutes ago
Gold climbs over 1% as widening Middle East war fuels safe‑haven demand
March 4 (Reuters) - Gold prices rose over 1% on Wednesday, rebounding from a more than one-week low hit in the previous session, as a widening Middle East conflict sent global markets tumbling and supported safe-haven demand.Reuters
an hour ago
RPT-ROI-Risks to Western aluminium supply rise as Iran war escalates: Andy Home
By Andy Home LONDON, March 3 (Reuters) - It is not just oil and gas that flow through the Strait of Hormuz, the Gulf's key shipping choke point now threatened by the war with Iran.The region is also a significant producer of aluminium, accounting for over 8% of global output last year, accord...Reuters
an hour ago
RPT-EU pushes barely available green steel as auto emissions fix
Low-carbon steel part of 2035 EU automotive targetsGreen steel projects face delays due to costly green hydrogenAuto industry criticises EU plan for reliance on external developmentsBy Marie Mannes, Greta Rosen Fondahn and Nick Carey STOCKHOLM/LONDON, March 3 (Reuters) - Buying expensive steel ma...Reuters
an hour ago
Goldman Sachs raises Q2 oil price forecast by $10 to $76/bbl
March 4 (Reuters) - Goldman Sachs GS.N raised on Wednesday its second-quarter 2026 average price forecast for Brent crude oil by $10 to $76 per barrel and for WTI by $9 to $71. The bank also revised its Q4 2026 forecasts for Brent and WTI to $66 and $62, respectively and for 2027 to $70 and $66, res...Reuters
2 hours ago
Indonesia's Cepu Block gains additional 7,500 BPD oil following water shut-off programme
By Bernadette ChristinaJAKARTA, March 4 (Reuters) - Indonesia's upstream oil and gas regulator SKK Migas said on Wednesday that well services activity in the ExxonMobil-operated Cepu block has boosted crude oil output by 7,500 barrels per day. A water shut-off programme at the Banyu Urip A07 wel...Reuters
2 hours ago
ANZ Raises End Of Q1 2026 Forecasts To $90/bbl For Brent Crude And $17/mmbtu For LNG
March 4 (Reuters) - ANZ: RAISES END OF Q1 2026 FORECASTS TO $90/BBL FOR BRENT CRUDE AND $17/MMBTU FOR LNGSAYS TIGHTER SUPPLY CONDITIONS WILL SEE PRICES REMAIN HIGH AND VOLATILE WHILE TENSIONS IN MIDDLE EAST PERSISTReuters
2 hours ago
Hormuz shutdown could force Iraq, Kuwait to curb oil output within days, JP Morgan says
March 4 (Reuters) - Crude oil supplies from Iraq and Kuwait could start shutting in within days if the Strait of Hormuz remains closed, potentially cutting 3.3 million barrels per day (bpd) by day eight of the Middle East conflict, J.P. Morgan analysts said in a note. Iraq and Kuwait have rough...Reuters
2 hours ago
AD Ports Group Says Impact On Maritime & Shipping Cluster Expected To Be Limited
March 4 (Reuters) - Abu Dhabi Ports Company PJSC ADPORTS.AD:AD PORTS GROUP - CONFIRMS BUSINESS CONTINUITY AMID REGIONAL DEVELOPMENTSAD PORTS GROUP - GROUP EXPECTS INCREASED VOLUMES ACROSS ITS DIVERSIFIED GLOBAL MARITIME NETWORKAD PORTS GROUP - SHIFTING TRADING ROUTES DUE TO EVOLVING REGIONAL DEVELOP...Reuters
2 hours ago
