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Citi: Brent Crude Seen at $110-$120 in Short Term, Expects Middle East Situation to Ease in Mid-to-Late April
TradingKey - A recent research report from international investment bank Citigroup (C) shows that the firm has raised its short-term baseline forecast range for Brent crude to $110-$120 per barrel. Regarding the Middle East geopolitical situation, Citi expects regional conflicts to potentially ease by mid-to-late April.
TradingKey
51 minutes ago
Cuba Restores Power After 29-hour Blackout Amid US Oil Blockade
HAVANA, March 17 (Reuters) - Cuba has reconnected its power grid on Tuesday and brought online its largest oil-fired power plant, energy officials said, putting an end to a nationwide blackout that lasted more than 29 hours amid a U.S. move to choke off the island's fuel supply.
Reuters
2 hours ago
Oil Prices Ease as Iraqi and Kurdish Authorities Agree to Export Deal
BEIJING/SINGAPORE, March 18 (Reuters) - Oil prices eased on Wednesday to pare back some of Tuesday's sharp gains after the Iraqi government and Kurdish authorities reached a deal to resume oil exports via Turkey's Ceyhan port, providing modest relief to concerns about Middle East supplies.
Reuters
2 hours ago
PRECIOUS-Gold edges down as investors weigh Mideast risks ahead of Fed decision
Iran rejects de-escalation as Israel kills Iranian security chiefFed expected to hold rates steady Oil prices remain above $100 a barrelBy Noel John March 18 (Reuters) - Gold prices edged lower on Wednesday as investors remained cautious, assessing the economic impact of the Middle East conflict ...Reuters
8 minutes ago
Israeli strike hits central Beirut after evacuation warning
BEIRUT, March 18 (Reuters) - An Israeli airstrike hit Beirut's Bachoura neighbourhood in the centre of the city on Wednesday, a Reuters witness said, with a loud explosion heard in the area after the Israeli military warned residents to evacuate a building ahead of the strike.The attack was part...Reuters
34 minutes ago
Iraqi and Kurdish authorities reach deal to resume oil exports to Turkey's Ceyhan port
Iraq’s oil minister said on Tuesday that the Iraqi government and the Kurdistan Regional Government (KRG) reached an agreement to resume oil exports to Turkey’s Ceyhan energy hub starting on Wednesday, Reuters reported.Fxstreet
45 minutes ago
Vietnam faces falling oil production as Iran war disrupts global supplies
Vietnam's crude oil output projected to fall in 2026-2030, government saysHanoi relies on imported oil, with much of its imports from Kuwait in 2025Vietnam to offer incentives to boost offshore exploration, document says By Khanh Vu HANOI, March 18 (Reuters) - Vietnam's domestic crude oil...Reuters
53 minutes ago
TECHNICALS-CBOT corn may retest support at $4.50-1/2
SINGAPORE, March 18 (Reuters) - CBOT corn CK26 may retest a support at $4.50-1/2 per bushel, a break below which may trigger a drop into $4.43-$4.46 range.A correction from $4.76 consists of three waves. The current wave (c) is capable of travelling to $4.38-3/4. However, before falling toward this ...Reuters
an hour ago
Israeli airstrike hits Beirut's Bachoura neighbourhood, Reuters witness says
BEIRUT, March 18 (Reuters) - An Israeli airstrike hit Beirut's Bachoura neighbourhood on Wednesday, a Reuters witness said, with a loud explosion heard in the area.The strike came after the Israeli military issued a statement urging the evacuation of a building in the central Beirut neighbourhoo...Reuters
an hour ago
Chipmakers in Malaysia monitoring risks from helium supply disruptions, association says
KUALA LUMPUR, March 18 (Reuters) - Semiconductor firms in Malaysia are monitoring risks from disruptions to helium supplies due to the conflict in the Middle East, though the situation has not caused any operational interruptions so far, an industry executive told Reuters. Helium prices have risen s...Reuters
an hour ago
TECHNICALS-CBOT soybeans may retest support at $11.44
For more technical analyses, please click SINGAPORE, March 18 (Reuters) - The CBOT soybean May contract SK26 may retest a support at $11.44 per bushel, a break below could open the way toward the $11.35 to $11.38-3/4 range. The market is riding on a wave (3), which consists of five small waves. The ...Reuters
an hour ago
GRAINS-Chicago soybeans fall as Trump-Xi meeting delay dampens Chinese demand hopes
BEIJING, March 18 (Reuters) - Chicago soybean futures fell on Wednesday as a delay in a meeting between U.S President Donald Trump and Chinese President Xi Jinping dampened hopes for continued Chinese demand for U.S. soybeans. The most-active soybean contract on the Chicago Board of Trade (CBOT) Sv1...Reuters
2 hours ago
WRAPUP 1-Iran strikes Tel Aviv with cluster warheads in retaliation for killing of security chief
Iran uses cluster warheads in Tel Aviv attack, killing twoIran confirms killing of security chief Larijani by IsraelIran rejects proposals to ease tensions, official says By Parisa Hafezi, Alexander Cornwell and Enas Alashray DUBAI/TEL AVIV, March 18 (Reuters) - Iran targeted Tel Aviv with missil...Reuters
2 hours ago
Iraqi government, Kurdish authorities reach deal to resume oil exports to Turkey's Ceyhan port
Joint committee to prepare for resuming oil exports via pipelineTensions rise over new electronic customs systemOil exports to resume amid security and economic challengesKRG seeks guarantees for safe oil production environmentBy Ahmed Rasheed and Yomna Ehab BAGHDAD, March 17 (Reuters) - The Iraq...Reuters
2 hours ago
UAE pledges 18 million barrel crude to South Korea, envoy says
SEOUL, March 18 (Reuters) - The United Arab Emirates has pledged to supply South Korea with 18 million barrels of additional crude oil and a shipment of naphtha, South Korea's presidential envoy to the Middle East, Kang Hoon-sik, said on Wednesday.Reuters
2 hours ago
BP locks out union workers at its Midwest oil refinery
By Nicole Jao and Anmol Choubey NEW YORK, March 17 (Reuters) - BP BP.L will block around 800 workers from its 440,000 barrel-per-day Whiting, Indiana, refinery starting March 19, the British oil major said on Tuesday, as months of contract negotiations yielded little results. The labor disput...Reuters
2 hours ago
