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Brent crude rose more than 10 per cent to as high as US$119 a barrel on Thursday By Patrick Sykes and Dana Khraiche U.S. President Donald Trump called on Israel and Iran to stop attacks on energy facilities as the war in the Middle East escalated, with damage to key oil and gas infrastructure triggering …
Trump Demands Halt to Energy Facility Attacks as Prices Soar Read More »
By Julian Hast Fort St. Vrain Generating Station in Platteville, Colorado. Photographer: Chet Strange/Bloomberg US natural gas futures rose along with oil, which continues to climb on concerns over a prolonged disruption to energy supplies through the Strait of Hormuz. Those worries, which do not fundamentally affect the short-term US gas market, outweighed a small …
US Natural Gas Rallies With Oil on Lingering Mideast Fears Read More »
(Reuters) – This is a historic week in the world of monetary policymaking. The “G4” central banks meet in the same week for the first time since December 2021, and only the second time ever, with investors clamoring for evidence of whether the Middle East oil shock could make policymakers start thinking about rate hikes. …
Oil Shock Sparks Rate Repricing in Historic ‘G4’ Central Bank Week: McGeever Read More »
By Anirban Sen BOCA RATON, Florida, March 12 (Reuters) – The heads of a number of top exchanges, including CME Group (CME.O) and Toronto Stock Exchange parent TMX Group (X.TO), oppose any potential intervention from the U.S. government involving the oil futures market, amid rising energy prices in the aftermath of the Iran conflict. The …
Exchanges Oppose Potential US Treasury Intervention in Oil Futures Market Read More »
By Alex Lawler Saudi Arabia increased production as contingency for Iran attack disruption, sources said OPEC says geopolitical developments need close monitoring, no forecast changes yet IEA to update oil forecasts on Thursday LONDON, March 11 (Reuters) – OPEC said on Wednesday that Saudi Arabia sharply increased oil production in February ahead of U.S. and …
OPEC Confirms Big Saudi Oil Production Hike Ahead of Iran War, Holds Forecasts Steady Read More »
By Georgina Mccartney, Arathy Somasekhar and Siddharth Cavale HOUSTON, March 10 (Reuters) – Brent oil prices are set to trade above $95 a barrel over the next two months as the Iran war disrupts supplies, before falling to around $70 by the end of the year, the Energy Information Administration said on Tuesday in a …
Brent to Trade Above $95 for Next Two Months on Iran War, EIA Says Read More »
(Reuters) – Barclays said on Friday that Brent crude could potentially test $120 a barrel if the Middle East conflict persists for another couple of weeks. “These numbers might seem too high, especially given widespread pessimism about the oil market outlook heading into this year, but we reiterate that fundamentals are stronger and risks are …
Barclays Says Brent Could Test $120/bbl if Middle East Tensions Persist Read More »
(Reuters) – The sudden and acute disruption to Middle East oil supplies caused by the U.S.-Israeli war with Iran is forcing buyers to tap every available barrel, rapidly dismantling forecasts of an oil glut this year. In February, the International Energy Agency forecast that global oil supply would exceed demand by around 3.7 million barrels …
Rip Up the Glut Forecasts – Mideast Oil Shock Signals Supply Crunch: Bousso Read More »
March 4 (Reuters) – Goldman Sachs 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 Middle East …
Goldman Sachs Raises Q2 Brent Oil Price Forecast by $10 to $76 a Barrel Read More »
Feb 27 (Reuters) – Barclays said Brent crude could rise to around $80 per barrel in the event of a material supply disruption, as U.S.-Iran tensions remain elevated. “While it is entirely possible that an escalation does not lead to a supply disruption and the $3-5/b risk premium in oil prices fades quickly, even a …
Barclays Says Brent Could Reach $80 a Barrel on US-Iran Tensions Read More »
