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Goldman Sachs Raises Q4 Brent, WTI Crude Price Forecast Amid Longer Hormuz Disruption
(Reuters) - Goldman Sachs raised its Brent, WTI crude oil price forecasts for the fourth quarter of 2026 to $71/67 per barrel from $66/62 as it sees longer disruption to oil flows in the Strait of Hormuz due to the U.S.-Israeli war on Iran.
Reuters
31 minutes ago
Six vessels attacked in Gulf, Strait of Hormuz as war puts merchant ships on front lines
Iranian boats attacked two tankers in Iraqi waters, Iraq port security officials saidIraq oil ports stop operations, official saidThailand-flagged bulk carrier damaged off OmanJapan-flagged container ship and Greek-owned bulk carrier sustain minor damage By Aref Mohammed Ahmed Rasheed Jonathan Saul ...Reuters
10 minutes ago
PRECIOUS-Gold falls on firmer dollar, US inflation woes
Iran tells world to get ready for oil at $200 a barrelIEA agrees to release record 400 million barrels of oilUS January PCE data due on FridayBy Noel John March 12 (Reuters) - Gold prices fell on Thursday, pressured by a firmer U.S. dollar, while higher oil prices renewed inflation worries and da...Reuters
16 minutes ago
PRESS DIGEST-British Business - March 12
March 12 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times - Britain's last minehunter in the Gulf, HMS Middleton, was towed home to Portsmouth just...Reuters
25 minutes ago
REFILE-Projectile hits container ship off UAE's Jebel Ali, UKMTO says
March 12 (Reuters) - An unidentified projectile struck a container ship, causing a small fire, 35 nautical miles north of Jebel Ali in the United Arab Emirates, the United Kingdom Maritime Trade Operations (UKMTO) said on Thursday."All crew are reported safe," the agency said in an advisory....Reuters
27 minutes ago
Bangladesh secures spot LNG cargoes as Mideast conflict lifts costs
DHAKA, March 12 (Reuters) - Bangladesh has bought three liquefied natural gas (LNG) cargoes on the spot market at higher prices, as it scrambles to steady supplies amid disruptions from the escalating Iran–Israel conflict, energy officials said.State-run Petrobangla has increasingly turned to the vo...Reuters
46 minutes ago
Japan's JERA to sell two Australian LNG projects to MidOcean Energy
TOKYO, March 12 (Reuters) - Japan's biggest utility and LNG buyer, JERA, has agreed to sell its interests in two Australian liquefied natural gas (LNG) projects, Gorgon and Ichthys, to MidOcean Energy. JERA will maintain its investments in the Wheatstone LNG project, the Barossa gas project,...Reuters
48 minutes ago
BREAKINGVIEWS-Luckin Coffee deal adds extra shot to comeback
By Katrina HamlinHONG KONG, March 12 (Reuters Breakingviews) - Luckin Coffee LKNCY.PK has a shot at redemption. Four years after Centurium Capital took control of the scandal-hit and bankrupt java chain, the buyout firm is in advanced talks to buy upscale peer Blue Bottle Coffee for less than $400 m...Reuters
an hour ago
Oman moves ships from Mina Al Fahal terminal as precaution, Bloomberg News says
March 12 (Reuters) - Oman has shifted all vessels out of its main oil export terminal at Mina Al Fahal outside the Strait of Hormuz in a precautionary move, Bloomberg News said on Thursday, citing direct recipients of a port agent's notice.Reuters could not immediately verify the report.Reuters
an hour ago
Samsung Display CEO warns of higher costs due to Middle East conflict, media say
SEOUL, March 12 (Reuters) - Samsung Display's chief executive said on Thursday the war in the Middle East threatens to drive up costs of energy and raw materials needed for the flat screens used in mobile phones and other electronic devices, media reported.Reuters
an hour ago
GRAINS-Chicago soybeans track soyoil prices, extend gains to third session
BEIJING, March 12 (Reuters) - Chicago soybean futures climbed for a third consecutive session on Thursday, tracking gains in soyoil prices after global crude oil recovered, as investors weighed the impact of military conflict in the Middle East. Higher crude prices can support soybeans as soyo...Reuters
an hour ago
PRECIOUS-Gold steady as dip‑buying offsets firm dollar, US inflation woes
Iran tells world to get ready for oil at $200 a barrelIEA agrees to release record 400 million barrels of oilUS January PCE data due on FridayBy Noel John March 12 (Reuters) - Gold prices held steady on Thursday, paring an earlier drop of nearly 1%, while a firmer dollar and fading hopes for near...Reuters
an hour ago
WRAPUP 2-Oil tankers burn near Iraq as Iranian strikes defy Trump's claim to have 'won' the war
Oil prices extend gains after tankers struck in Iraqi watersIran says world should be ready for oil at $200 a barrelTrump says energy prices will come down UNICEF says 1,100 children among casualtiesBy Parisa Hafezi, Alexander Cornwell and Bo Erickson DUBAI/TEL AVIV/WASHINGTON, March 12 (Reuters...Reuters
2 hours ago
Japan's JERA To Sell Australia's Gorgon And Ichthys LNG Projects To EIG-Managed MidOcean Energy
March 12 (Reuters) - Tokyo Electric Power Company Holdings Inc 9501.T:JERA: TO REFOCUS AUSTRALIAN LNG PORTFOLIO WITH TRANSFER OF SHARES IN GORGON AND ICHTHYS LNG PROJECTSJERA: EIG-MANAGED MIDOCEAN WILL ACQUIRE JERA’S INTERESTS IN GORGON AND ICHTHYS LNG PROJECTSSource text: https://www.jera.co.jp/en/...Reuters
2 hours ago
GRAINS-Chicago soybeans continue gains on rising soyoil prices
BEIJING, March 12 (Reuters) - Chicago soybean futures rallied for a third straight session on Thursday, tracking gains in soyoil prices after crude oil recovered while investors wrestled with the disruption caused by military conflict in the Middle East. Wheat and corn also gained. FUNDAMENTALS...Reuters
2 hours ago
Iran Tells World To Get Ready for Oil at $200 a Barrel as It Fires on Merchant Shi
DUBAI/TEL AVIV/WASHINGTON, March 11 (Reuters) - Iran said the world should be ready for oil at $200 a barrel as its forces hit merchant ships on Wednesday and the International Energy Agency recommended a massive release of strategic reserves to dampen one of the worst oil shocks since the 1970s.Reuters
3 hours ago
US Officials Say Iran Laid Mines in the Strait of Hormuz — WSJ
Iran intensified its efforts to halt traffic through the Strait of Hormuz, a critical oil conduit. The US military has turned down requests to escort tankers or other civilian ships through the strait, with defense officials saying it won't do so until the threat of Iranian fire has eased.
Fxstreet
3 hours ago
Gold remains subdued as inflationary risks reduce Fed rate cut bets
Gold price (XAU/USD) extends its losses for the second successive session, trading around $5,150 during the Asian hours on Thursday. The bullion price slides as surging oil prices heightened inflationary risks and reduced the likelihood of Federal Reserve (Fed) interest rate cuts.
Fxstreet
3 hours ago
Oil Climbs as Tankers Are Attacked in Iraqi Waters Amid Middle East War
BEIJING, March 12 (Reuters) - Oil prices climbed on Thursday after Iraqi security officials said Iranian explosive-laden boats had hit two fuel oil tankers amid other global supply disruptions from the U.S.-Israeli war on Iran.Reuters
3 hours ago
Gold Edges Lower on Firmer Dollar, Renewed Inflation Fears
March 12 (Reuters) - Gold prices edged lower on Thursday, pressured by a firmer dollar, while higher oil prices renewed inflation worries and dampened hopes for near-term interest rate cuts.FUNDAMENTALSSpot gold XAU= fell 0.2% to $5,165.73 per ounce as of 0103 GMT. U.S. gold futures GCcv1 for April ...Reuters
3 hours ago
