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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
2 hours ago
REFILE-Cathay Pacific to raise fuel surcharges from March 18 amid Iran conflict
March 12 (Reuters) - Hong Kong's Cathay Pacific Airways 0293.HK will raise fuel surcharges on all routes from March 18, the flagship carrier said on Thursday, as jet fuel prices have doubled since the start of this month amid the Middle East conflict.Reuters
6 minutes ago
PRECIOUS-Gold falls on firmer dollar, dimming US rate cut hopes
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, weighed down by a firmer U.S. dollar and waning hopes for near-term U.S. interest rate cuts...Reuters
8 minutes ago
RWE targets gas-fired power plants in $20 billion US expansion
To spend 17 billion euros in United States2025 core profit beats pollExpects US capacity to grow to 22 gigawattsShares indicated 1% lower on slight cut in 2027 outlookBy Christoph Steitz and Tom Käckenhoff ESSEN, Germany, March 12 (Reuters) - Germany's largest power producer, RWE RWEG.DE, sai...Reuters
14 minutes ago
Indian source says Iran to allow India-flagged tankers pass through Strait of Hormuz
NEW DELHI, March 12 (Reuters) - Iran will allow India-flagged tankers to transit the Strait of Hormuz, through which 40% of India's crude imports pass, an Indian source said on Thursday, though an Iranian source based outside the country denied any such agreement had been reached.India’s foreign...Reuters
25 minutes ago
Korea Zinc in talks with US tech firms to extract rare earths from data centre waste
Firm has already made related acquisitions, chairman saysInitiative on top of plans for $7.4 billion US smelterProjects will help US reduce reliance on Chinese rare earthsBy Heejin Kim SEOUL, March 12 - Korea Zinc 010130.KS is in talks with major U.S. technology firms to recycle data centre waste...Reuters
27 minutes ago
WRAPUP 4-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
33 minutes ago
ROI-Iran oil shock prompts ECB hawks to seek 2021/22 rematch: Mike Dolan
By Mike Dolan LONDON, March 12 (Reuters) - European Central Bank hawks are itching to rewrite the record. This month's energy price shock may not match the fallout from Russia's invasion of Ukraine, but officials are clearly wary of repeating the slow post-pandemic policy tightening that ...Reuters
35 minutes ago
Drone debris knocks out six Kuwait power transmission lines
March 12 (Reuters) - Kuwait's electricity ministry said on Thursday that six power transmission lines went out of service after debris from intercepted drones fell on them. The ministry added that the electricity and water situation is under control.Reuters
46 minutes ago
Oil: Reserve release impact weighed against Hormuz risk – MUFG
MUFG’s Senior Currency Analyst Lloyd Chan highlights that Brent Oil has risen above US$90/bbl as supply risks from Iraq and the Strait of Hormuz overshadow the International Energy Agency’s record 400 million barrel emergency reserve release.Fxstreet
53 minutes ago
PRESS DIGEST- New York Times business news - March 12
March 12 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- The International Energy Agency agreed to release a record 400 million barrels of oil from strategic stockpiles to combat a spik...Reuters
58 minutes ago
Saudi Arabia defence ministry intercepts drone heading to Shaybah oilfield
DUBAI, March 12 (Reuters) - Saudi Arabia's defence ministry said on Thursday it intercepted a drone heading toward the Shaybah oilfield, marking the third such incident reported on the same day.Drones have been targeting the area regularly this week.Reuters
an hour ago
TABLE-North Sea gas maintenance schedule: Revises Kollsnes outage
March 12 (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
an hour ago
TECHNICALS-CBOT corn may test support at $4.60-3/4
SINGAPORE, March 12 (Reuters) - CBOT corn CK26 may test a support at $4.60-3/4 per bushel, as it faces a strong resistance at $4.64-1/4. From the perspective of a retracement analysis, the 61.8% retracement generally works as a strong barrier. Considering that the fall from $4.76 adopted a five-wave...Reuters
an hour ago
EIG's MidOcean Energy buys additional Australian LNG stakes from JERA
MidOcean raises Gorgon stake to 1.417% from 1.0%Takes JERA's 0.735% interest in Ichthys project Total deal valued under $500 million, source saysParties to explore broader LNG strategic allianceTOKYO/HONG KONG, March 12 (Reuters) - MidOcean Energy, an LNG company backed by U.S. energy-focused pr...Reuters
an hour ago
Oil: Supply shock fears offset IEA release – Commerzbank
Commerzbank strategists note that Oil and Brent prices extended gains even after the IEA agreed a record emergency release, as markets focus on hostilities around the Strait of Hormuz and potential US policy shifts to boost production.Fxstreet
an hour ago
ROI-Is Europe's gas demand recovery derailed or just dented by Iran crisis?: Maguire
By Gavin Maguire LITTLETON, Colorado, March 12 (Reuters) - Most of Europe's largest natural gas consumers cranked gas-fired power production to multi-year highs in early 2026, raising hopes among liquefied natural gas (LNG) exporters that the region was regaining its taste for the fuel.Howeve...Reuters
2 hours ago
RWE targets gas-fired power plants in $20 billion US expansion drive
ESSEN, Germany, March 12 (Reuters) - RWE RWEG.DE, Germany's largest power producer, on Thursday said it would expand more aggressively in the United States, a market where data centres have significantly fuelled power demand, by investing in new gas-fired power plants.Overall, the U.S., where RW...Reuters
2 hours ago
PRECIOUS-Gold falls on firmer dollar, dimming US rate cut hopes
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, weighed down by a firmer U.S. dollar and waning hopes for near‑term U.S. interest‑rate cuts...Reuters
2 hours ago
