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METALS-US copper surges as Trump moves on tariffs
Updates prices at 1735 GMTBy Eric Onstad LONDON, Feb 26 (Reuters) - U.S. copper prices jumped on Wednesday after President Donald Trump moved closer to imposing tariffs on imports, while a power outage in top producer Chile also supported the wider market.The most active May copper futures on the...Reuters
Wed, Feb 26
Chile's copper giant Codelco evaluating impacts of massive power outage
SANTIAGO, Feb 26 (Reuters) - Chile's state miner Codelco COBRE.UL, the world's largest copper producer, said on Wednesday it was evaluating the impacts of a nationwide powercut on its production, and that recovery would be its main focus.Chile's power grid and major copper mines slowly c...Reuters
Wed, Feb 26
EDPR posts unexpected loss on heavy impairments in US, Colombia
Adds sales, lower capital gains, EBITDA LISBON, Feb 26 (Reuters) - EDP Renovaveis EDPR.LS, the world's fourth-largest wind power producer, posted an unexpected net loss of 556 million euros ($584 million) in 2024 on heavy one-off impairments on projects in the U...Reuters
Wed, Feb 26
US targets firms in China, Hong Kong over alleged role in Iranian drone procurement
Adds Chinese embassy comment in paragraphs 7-8 WASHINGTON, Feb 26 (Reuters) - The United States imposed sanctions on six entities based in Hong Kong and China on Wednesday that it accused of being involved in an Iranian drone procurement network, as the Trump administration implements its "ma...Reuters
Wed, Feb 26
BP cuts renewable investment and boosts oil and gas in strategy shift
BP boosts oil and gas investment to $10 bln annuallyCuts annual transition spending by over $5 billion Reviewing Castrol, targets $20 billion in divestmentEnergy transition is slower than BP expectedAdds details on scope 3 targets in paragraphs 8-9, updates share price in paragraph 17By Arunima Kuma...Reuters
Wed, Feb 26
Goldman Sachs sees boost in US commodities production from Trump's policies
Writes throughout with more detailsFeb 26 (Reuters) - U.S. energy and metals production could see a limited boost in the short run as a result of U.S. President Donald Trump's tariff plans, but a potentially bigger boost over the longer run from broader "commodity dominance" policies, Go...Reuters
Wed, Feb 26
Med crude-Urals diffs stable, oil loadings from Russia's western ports seen down 8% m/m in March
MOSCOW, Feb 26 (Reuters) - Urals crude differentials to dated Brent held steady on Wednesday, while oil loadings from Russia's western ports in March were set to fall by some 8% on a daily basis compared to revised lifting plans for February, two market sources said and Reuters calculations show...Reuters
Wed, Feb 26
EDPR posts unexpected loss on heavy impairments in US, Colombia
LISBON, Feb 26 (Reuters) - EDP Renovaveis EDPR.LS, the world's fourth-largest wind power producer, posted an unexpected net loss of 556 million euros ($584 million) in 2024 on heavy one-off impairments on projects in the United States and Colombia. Analysts polled ...Reuters
Wed, Feb 26
Ukraine not on agenda in US-Russia talks on diplomatic missions, says State Dept
WASHINGTON, Feb 26 (Reuters) - Ukraine will not be on the agenda when U.S. and Russian officials meet in Istanbul on Thursday for talks over the operation of their respective diplomatic missions, a State Department spokesperson said on Wednesday."To be clear, there are no political or security i...Reuters
Wed, Feb 26
BRIEF-BP CEO Says No Plans For Further Acquisitions
Feb 26 (Reuters) - BP PLC BP.L:BP CEO SAYS NO PLANS FOR FURTHER ACQUISITIONS - CAPITAL MARKETS DAY EVENTBP SAYS REDUCING CONTRACTOR NUMBERS BY MORE THAN 3,000, WITH 2,600 OF THESE HAVING ALREADY LEFTBP SAYS BPX OUTPUT EXCEEDED 430,000 BOEPD IN 2024, TO GROW 650,000 BOEPD BY 2030BP SAYS CONFIDENT RES...Reuters
Wed, Feb 26
US East Coast gasoline stockpiles rose to highest since July 2021, EIA says
Feb 26 (Reuters) - U.S. East Coast gasoline stockpiles rose by 502,000 barrels to 67.019 million barrels in the week to February 21, the highest since July 2021, according to data from the U.S. Energy Information Administration's Petroleum Status Report on Wednesday.Reuters
Wed, Feb 26
Ukraine says it hit Russian oil refinery, Moscow says it downs 83 drones in southern region
Recasts with Ukrainian military statement Feb 26 (Reuters) - The Ukrainian military said on Wednesday it had attacked Russia's Tuapse oil refinery on the Black Sea coast and that at least 40 explosions had been recorded at the site. Tuapse is home to one of Russia's biggest o...Reuters
Wed, Feb 26
Goldman Sachs sees boost in US energy, metal production from Trump's policies
Feb 26 (Reuters) - U.S. energy and metals production could see a limited boost in the short run as a result of U.S. President Donald Trump's trade and foreign policy plans, but a potentially bigger boost over the longer run, Goldman Sachs said in a note on Wednesday.The investment bank expects t...Reuters
Wed, Feb 26
FACTBOX-All of Trump's tariffs and threatened trade actions
Adds details on orders to probe U.S. copper imports Feb 26 (Reuters) - Since returning to office on January 20, U.S. President Donald Trump has initiated numerous tariffs threats. They range from broad ones - a universal tariff on foreign-imported goods - to ones aimed at specific s...Reuters
Wed, Feb 26
BRIEF-Maire Says Unit Nextchem Wins Licensing Contract For Ultra-Low Carbon Methanol Plant In Mexico
Feb 26 (Reuters) - Maire SpA MTCM.MI:UNIT NEXTCHEM WINS LICENSING CONTRACT BY TRANSITION INDUSTRIES FOR 2.1 MILLION TONS PER YEAR ULTRA-LOW CARBON METHANOL PLANT IN MEXICOWHOLE PACKAGE FOR PROJECT ESTIMATED AROUND EUR 250 MILLIONFACILITY TO BE OPERATIVE IN 202Further company coverage: MTCM.MIReuters
Wed, Feb 26
WRAPUP 4-Taiwan condemns China for 'shooting' drills off Taiwanese coast
Adds Taiwan defence ministry comment on Chinese forces leaving the drill zone, paragraphs 8-9Taiwan says China's 'shooting' drills are off its southwest coastChina has not announced any military exercisesTaiwan says Chinese forces left area mid-afternoonSenior Chinese leader vows 're...Reuters
Wed, Feb 26
Chile 'monitoring' US probe into potential copper tariffs, government says
SANTIAGO, Feb 26 (Reuters) - Chile's foreign ministry said on Wednesday that it is "monitoring" a U.S. probe looking into potential new tariffs on imports of copper, a metal critical to electric vehicles, military hardware, the power grid and many consumer goods.The Andean country is the...Reuters
Wed, Feb 26
