News
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PRECIOUS-Gold gains on Trump tariff worries; US inflation data in focus
Feb 27 (Reuters) - Gold prices edged higher on Thursday as concerns persisted over U.S. President Donald Trump's tariff plans, while investors awaited a key inflation report to assess the Federal Reserve's policy path. FUNDAMENTALS* Spot gold XAU= was up 0.1% at $2,918.22 an ounce, as of 001...Reuters
Thu, Feb 27
FACTBOX-Top buyers of Venezuelan crude oil in the United States
HOUSTON, Feb 26 (Reuters) - U.S. imports of crude oil from Venezuela averaged 222,000 barrels per day (bpd) in the first 11 months of 2024, according to U.S. Energy Information Administration data, making it the fourth largest crude supplier to the United States.While Venezuela's oil accounted f...
Reuters
Thu, Feb 27
FACTBOX-US licenses and authorizations to Venezuela's oil sector
By Marianna Parraga HOUSTON, Feb 26 (Reuters) - Since it first imposed sanctions on Venezuela's energy sector in 2019, the United States has granted individual licenses to some oil companies that allow them to export the South American country's oil to specific destinations.Washington had...Reuters
Thu, Feb 27
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, Feb 27 (Reuters) - Contract Target Support/Resistance Brent oil $73.36/$74.08sup $72.19/$71.02Palm oil (3rd month)-res 4,608/4,625/4,648 ringgitsup 4,542/4,517/4,476 ringgitWTI* $69.59sup $68.25/$67.82/$67.13Spot gold$2,931/$2,939/$2,951sup $2,899...Reuters
Thu, Feb 27
COLUMN-Analysts gunning for big US corn acreage could be let down, for now: Braun
The opinions expressed here are those of the author, a market analyst for Reuters.By Karen Braun NAPERVILLE, Illinois, Feb 26 (Reuters) - U.S. farmers will undoubtedly plant more corn this year than last, but how much more?Industry analysts are not exactly in consensus. In fact, uncertainty is at...Reuters
Thu, Feb 27
RPT-COLUMN-Trump's tariff threat presages turbulent times for Doctor Copper: Andy Home
Repeats article that ran on Wednesday with no changes to textBy Andy Home LONDON, Feb 27 (Reuters) - Doctor Copper has been trying to price in the potential for U.S. import tariffs since late January, when President Donald Trump first included the metal on his tariff wish list along with steel an...Reuters
Thu, Feb 27
Cancellation of Chevron license proves Trump is on the side of Venezuelans: opposition leader Machado
Feb 26 (Reuters) - The cancellation of Chevron's license to operate in Venezuela proves United States President Donald Trump is on the side of Venezuelans, opposition leader Maria Corina Machado said on Wednesday. "What you just mentioned is proof for me that President Trump is on the s...Reuters
Wed, Feb 26
Panama delays Cobre Panama copper mine decision pending social security reform
By Elida Moreno and Divya RajagopalPANAMA CITY, Feb 26 (Reuters) - Panama President Jose Mulino will only take a decision regarding the future of the Cobre Panama mine after he resolves the issue of the country's social security policy, a supplier of the Cobre Panama mine said after a meeting wi...Reuters
Wed, Feb 26
US Gulf crude prices spike after Trump ends Chevron's Venezuela license
By Arathy Somasekhar and Georgina McCartney HOUSTON, Feb 26 (Reuters) - Spot prices of a key medium crude grade in the U.S. Gulf Coast spiked on Wednesday as refiners sought alternatives following President Donald Trump's termination of a license allowing U.S. major Chevron CVX.N to export Ve...Reuters
Wed, Feb 26
CIF/FOB Gulf Grain-Soybean barge basis flat-down, corn bids ease
CHICAGO, Feb 26 (Reuters) - Spot basis bids for soybeans delivered by barge to the U.S. Gulf Coast were flat to lower on Wednesday, while corn bids edged down, traders said.* Uncertainty persisted in the markets over the risk for tit-for-tat tariffs to disrupt U.S. agricultural exports.* U.S. Presid...Reuters
Wed, Feb 26
CME cattle futures end lower as consumer confidence falls
By Renee Hickman CHICAGO, Feb 26 (Reuters) - Chicago Mercantile Exchange live cattle futures fell Wednesday on fears over slowing consumer meat demand, and the possibility of Mexico and Canada retaliating against new U.S. tariffs on beef imports, according to analysts.CME April live cattle future...Reuters
Wed, Feb 26
US will spend up to $1 billion to combat bird flu, USDA secretary says
Removes reference to Boehringer Ingelheim receiving a vaccine license for turkeys in paragraph 10USDA to provide free safety checks to farmsUS to import more eggs from Turkey as prices hit record after flu wiped out millions of hensUSDA explores vaccine use but not ready to approve it By Leah Dougla...Reuters
Wed, Feb 26
Shale producer APA misses fourth-quarter profit estimates on weak prices
Adds shares in paragraph 2 and outlook in paragraphs 6 to 9 Feb 26 (Reuters) - U.S. shale producer APA Corp APA.O fell short of Wall Street expectations for fourth-quarter profit on Wednesday as weak commodity prices offset a rise in production.The company's shares fell 1.2% to $21.74 after t...Reuters
Wed, Feb 26
Brazil's BRF posts higher Q4 profit, best annual result in history
SAO PAULO, Feb 26 (Reuters) - Brazilian meat processor BRF BRFS3.SA posted a fourth quarter net profit of 868 million reais ($149.33 million), higher than the 754 million reais registered in the same period one year ago, according to a financial statement on Wednesday. The annual profit was 3.7 bi...Reuters
Wed, Feb 26
GRAINS-Chicago grains and soybeans dip on year-end positioning, tariff worries
Updates with settlement prices, adds latest from White House on tariffsBy Renee Hickman CHICAGO, Feb 26 (Reuters) - Chicago corn, soy and wheat eased on Wednesday as traders took profits and monitored the possible impacts of U.S. tariffs on imports from Mexico and Canada, set to take effect on Ma...Reuters
Wed, Feb 26
Mexico moves forward with energy reform to strengthen dominant roles of state companies
Adds vote count, background on energy sectorBy Adriana Barrera MEXICO CITY, Feb 26 (Reuters) - Mexico's Senate approved on Wednesday the laws of an energy reform that strengthens the dominant role of state companies Pemex and CFE while opening new doors for private investment to reach the cou...Reuters
Wed, Feb 26
WRAPUP 6-Trump confirms Zelenskiy visit to sign Ukraine minerals deal
New throughout, adds Zelenskiy in nightly address, Starmer due in Washington on Thursday, background on U.S. assistance, European discussions on peacekeeping Graphic on Ukraine's mineral deal with the USUkraine says draft US minerals deal is finalisedUS President Trump seeks quick end to ...Reuters
Wed, Feb 26
US Cash Crude-Mars jumps after Trump orders termination of oil deal with Venezuela
Feb 26 (Reuters) - U.S. crude grades broadly rose on Wednesday, dealers said, after U.S. President Donald Trump ordered the termination of an oil deal with Venezuela, boosting prices for medium sour grade, Mars. Mars Sour crude rose by around 70 cents on the day to a $1.70 a barrel premium to U...Reuters
Wed, Feb 26
Expand Energy beats fourth-quarter profit estimates on higher prices, production
Adds details in paragraph 4 to 7 Feb 26 (Reuters) - U.S. natural gas producer Expand Energy EXE.O surpassed fourth-quarter profit estimates on Wednesday following a slight rebound in gas prices and higher production.Natural gas prices rose in the quarter, hitting a two-year peak, helped by an inc...Reuters
Wed, Feb 26
