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Turkey's TPAO, Chevron sign MoU on possible energy cooperation, minister says
ANKARA, Feb 5 (Reuters) - Turkish Petroleum (TPAO) and Chevron CVX.N signed a memorandum of understanding on possible energy cooperation, Turkish Energy Minister Alparslan Bayraktar said on Thursday.Bayraktar said on X that the agreement, signed in Istanbul, may also include oil and natural gas expl...Reuters
Thu, Feb 5
Moscow says Zaporizhzhia nuclear plant must be Russian, but it's open to working there with US
MOSCOW, Feb 5 (Reuters) - Russia is ready for international cooperation over the Zaporizhzhia nuclear power plant, including with the United States, a senior nuclear official was quoted as saying on Thursday.But the facility must be Russian, said Alexei Likhachev, head of the state nuclear corporati...Reuters
Thu, Feb 5
Air India probes if crew followed protocols in Boeing fuel-switch incident
By Aditya Kalra and Abhijith Ganapavaram NEW DELHI, Feb 5 (Reuters) - Air India said on Thursday it was investigating if its crew followed all compliance procedures when a Boeing jet took off from London with a possible fuel-switch defect, only to be later grounded in India.Reuters is the first t...Reuters
Thu, Feb 5
Dorian LPG Q3 revenue slightly beats expectations
OverviewGas carrier operator's Q3 revenue slightly beat analyst expectationsAdjusted EPS for Q3 shows significant yr/yr growthCompany declared irregular dividend totaling $29.9 mlnOutlookDorian LPG expects strong demand and freight rates to continue into the current quarterCompany anticipates de...Reuters
Thu, Feb 5
Vestas reports lower Q4 profit but shrugs off Trump's wind critique
Vestas Q4 profit lags forecasts Company expects improved profitability by 2026 with revenue growthGeopolitical and tariff risks pose uncertainty for wind industry COPENHAGEN, Feb 5 (Reuters) - Wind turbine maker Vestas VWS.CO reported quarterly profit that fell slightly short of expectations on T...Reuters
Thu, Feb 5
Gold Price Forecast: XAU/USD hovers below $5,000, recent recovery losses steam
Gold (XAU/USD) is accelerating its reversal from Wednesday’s highs near $5,100, trading at $4,865 at the time of writing, with downside attempts contained below $4,790 for now. Precious metals are losing ground despite the risk-averse sentiment, as the US Dollar appreciates across the board.
Fxstreet
Thu, Feb 5
RPT-ROI-US inflation isn't subsiding. It's heating up again: Mike Dolan
By Mike Dolan LONDON, Feb 5 (Reuters) - The main reason political pressure on the Federal Reserve has not caused markets to price in deeper interest rate cuts is perhaps the simplest: U.S. inflation is just too high to justify it, and there are signs it may be picking up again.The Fed's favor...Reuters
Thu, Feb 5
PRECIOUS-Gold, silver falter as speculators retreat, dollar firms
Spot silver down over 11%, after falling almost 17%Analysts expect markets to remain volatile in the short-termAsia shares slump, other commodities also fallBy Noel John Feb 5 (Reuters) - Gold prices slid on Thursday and silver retreated more than 11% as speculators cashed in after a two-day rall...Reuters
Thu, Feb 5
India's Reliance buys 2 mln barrels of Venezuelan oil, traders say
By Nidhi Verma and Siyi Liu NEW DELHI/SINGAPORE, Feb 5 (Reuters) - India's Reliance Industries RELI.NS has bought 2 million barrels of Venezuelan oil from trader Vitol, trade sources said on Thursday, the first purchase by the company from the South American nation in nearly a year. Tradi...Reuters
Thu, Feb 5
Middle East Crude-Oman, Dubai climb; Murban dips
SINGAPORE, Feb 5 (Reuters) - Middle East crude benchmarks Oman and Dubai gained on Thursday, supported by better demand outlook from India, while Murban dipped. Indian refiners Indian Oil Corp. and Mangalore Refinery and Petrochemicals Ltd issued tenders this week seeking April-delivery crude. This ...Reuters
Thu, Feb 5
India to sign trade deal with United States in March, minister says
By Shivangi Acharya NEW DELHI, Feb 5 (Reuters) - India and the U.S. expect to sign a formal trade deal in March, after which New Delhi will lower tariffs on U.S. goods, Trade Minister Piyush Goyal said on Thursday, giving the first official timeline for the deal's adoption.The two countries ...Reuters
Thu, Feb 5
India's Reliance Industries buys 2 mln barrels of Venezuelan oil, traders say
NEW DELHI, Feb 5 (Reuters) - India's Reliance Industries RELI.NS has bought one very large crude carrier containing 2 million barrels of Venezuelan oil from trader Vitol at a discount of around $6.5-$7 per barrel to ICE Brent for April delivery, trade sources said on Thursday.Reuters
Thu, Feb 5
EUROPE GAS-Prices rise amid lower wind generation
LONDON, Feb 5 (Reuters) - Benchmark British and Dutch wholesale gas prices rose on Thursday morning amid lower wind generation. The benchmark Dutch contract for March at the TTF hub TRNLTTFMc1 was up 0.92 euro at 34.38 euros per megawatt hour, or $11.89/mmBtu, by 0911 GMT, LSEG data showed.The Q2 pr...Reuters
Thu, Feb 5
Nippon Steel widens full-year net-loss forecast to $446 million
Muroran blast furnace halt hits profit by 40 billion yenExpects U.S. Steel performance to recover in FY2026Indian business improving after bottoming out in DecemberBy Katya Golubkova and Yuka Obayashi TOKYO, Feb 5 (Reuters) - Nippon Steel 5401.T on Thursday widened its net-loss forecast for the f...Reuters
Thu, Feb 5
TotalEnergies signs 3.3TWh power contract with Airbus for German, British sites
By America HernandezPARIS, Feb 5 - French oil major TotalEnergies has signed two deals to supply Airbus AIR.PA with 3.3 terawatt-hours of electricity for its German and British sites, an amount the companies said would cover about half the sites' power needs for the next decade.Germany and Brita...Reuters
Thu, Feb 5
Singapore fuel oil inventories rebound after temporary drawdown
SINGAPORE, Feb 5 (Reuters) - Singapore onshore fuel oil inventories have rebounded this week after dropping sharply in the previous week, with stocks piling above average levels again, data showed on Thursday. Inventories rose 21.4% from the previous week to 24.20 million barrels (about 3.81 millio...Reuters
Thu, Feb 5
PRECIOUS-Gold, silver drop on firm dollar, broad market selloff
Gold down nearly 1% having dropped nearly 4% earlierGlobal commodities dive after Trump-Xi callSpot silver holds nearly 10% down, after falling almost 17%Asia shares slump as global tech selloff spooks investorsBy Ishaan Arora Feb 5 (Reuters) - Gold and silver prices fell sharply in a broader mar...Reuters
Thu, Feb 5
Taiwan to ramp up purchases of US natural gas this year
TAIPEI, Feb 5 (Reuters) - Taiwan will ramp up its purchases of U.S. natural gas to make up about one-third of its imported supply this year, and reduce purchases from other countries, officials said on Thursday.Taiwan, which runs a large trade surplus with the U.S., has shown an interest in a potent...Reuters
Thu, Feb 5
