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Goldman Sachs raises Q4 Brent, WTI crude price forecast amid longer Hormuz disruption
March 12 (Reuters) - Goldman Sachs raised its Brent and 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.Brent LCOc1 prices have gained more than 36% sin...
Reuters
12 minutes ago
Gold weakens as inflation concerns lift US bond yields and USD; downside remains cushioned
Gold (XAU/USD) trades with a negative bias for the second consecutive day on Thursday, though it lacks follow-through selling and stalls the intraday slide near the $5,125 area. A fresh leg up in Crude Oil prices threatens the inflation outlook and overshadows signs of moderating price growth in the
Fxstreet
8 minutes ago
China orders immediate ban on fuel exports for March — Reuters
The Chinese government has effectively banned refined fuel exports for March "with immediate effect”, Reuters reported on Thursday. This measure comes as another step to pre-empt a potential domestic fuel shortage caused by the US-Israeli war on Iran.
Fxstreet
8 minutes ago
ROI-Crude oil futures separate from reality as Asia physical market buckles: Russell
By Clyde Russell LAUNCESTON, Australia, March 12 (Reuters) - Crude oil futures prices are reflecting a view that the market can successfully navigate the Iran war, while prices for physical cargoes and refined products are signalling an imminent crisis.Only one of these price signals is corre...Reuters
26 minutes ago
Oil Tankers Burn Near Iraq as Iranian Strikes Defy Trump’s Claim To Have Won the War
DUBAI/TEL AVIV/WASHINGTON, March 12 (Reuters) - Iran appeared to have set ablaze two tankers in Iraqi waters as it stepped up attacks on oil and transport facilities across the Middle East, warning the world should be ready for oil at $200 a barrel in defiance of President Donald Trump's claim thatReuters
27 minutes ago
Russia's Dmitriev says he discussed global energy crisis with U.S. counterparts
MOSCOW, March 12 (Reuters) - Russian presidential envoy Kirill Dmitriev said on Thursday he had discussed the current energy crisis with his U.S. counterparts as part of a meeting of the U.S.-Russia working group on economy that took place in Florida. Nearly 20 million barrels per day (bpd) of suppl...Reuters
34 minutes ago
BREAKINGVIEWS-A global energy squeeze is now unavoidable: podcast
By Aimee Donnellan and Jonathan Guilford DUBLIN/NEW YORK, March 12 (Reuters Breakingviews) - Follow on Apple or Spotify. Listen on the Reuters app. Read the episode transcript. Listen to the podcast Though investors are still pricing in a swift end to the Middle East conflic...Reuters
36 minutes ago
Russia's Dmitriev says he discussed global energy crisis with U.S. counterparts
MOSCOW, March 12 (Reuters) - Russian presidential envoy Kirill Dmitriev said on Thursday he had discussed the current energy crisis with his U.S. counterparts as part of a meeting of the U.S.-Russia working group on economy that took place in Florida. "Today, many countries, primarily the Unite...Reuters
45 minutes ago
South Korea pledges to accelerate crackdown on illegal car exports to Russia
By Hyunjoo Jin SEOUL, March 12 (Reuters) - South Korea's customs authorities said on Thursday that they would ramp up a crackdown on illegal car exports to Russia after discovering a growing number of vehicles being sent to Russia via third countries such as China, Kazakhstan and Kyrgyzstan. ...Reuters
53 minutes ago
PRESS DIGEST-Financial Times - March 12
March 12 (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- Plans to raise UK fuel duty 'under review' as Middle East crisis drags on- Blackstone readies 250 million pound Canary Wharf ...Reuters
an hour ago
Oil surges; Brent back at $100 as Iran steps up attacks on Gulf shipping
Iranian boats attacked two tankers in Iraqi waters, Iraq port security officials saidShipping through Strait or Hormuz still halted IEA proposed release of 400 million barrels may offer only limit relief, analysts sayBy Sam Li and Siyi Liu BEIJING/SINGAPORE, March 12 (Reuters) - Oil prices jumped...Reuters
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours ago
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
2 hours 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
2 hours 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
2 hours ago
