News
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BRIEF-Air Products To Exit Three US-Based Projects
Feb 24 (Reuters) - Air Products and Chemicals Inc APD.N:AIR PRODUCTS TO EXIT THREE U.S.-BASED PROJECTSAIR PRODUCTS AND CHEMICALS INC - EXPECTS PRE-TAX CHARGE UP TO $3.1 BILLIONAIR PRODUCTS AND CHEMICALS INC - TERMINATES CARBON MONOXIDE PROJECT IN TEXASAIR PRODUCTS AND CHEMICALS INC - CANCELS GREEN L...Reuters
Mon, Feb 24
Guyana waiting for Exxon's gas development plans until end of March, VP says
Guyana says it might jointly develop gas fields with SurinameFulcrum LNG has capacity to develop large gas project, VP saysOnshore power project faces delay of about three monthsGovernment sees others developing gas if Exxon does notBy Marianna Parraga and Kemol King GEORGETOWN, Feb 24 (Reuters) ...Reuters
Mon, Feb 24
Coterra Energy beats quarterly profit estimates
Feb 24 (Reuters) - Coterra Energy CTRA.N beat Wall Street estimates for fourth-quarter profit on Monday, as the oil and gas company benefited from higher production. The company's adjusted profit was 49 cents per share for the three months ended December 31, compared with the analysts' avera...Reuters
Mon, Feb 24
Diamondback Energy beats fourth-quarter profit estimates on higher production
Adds share movement, background and forecast details in paragraphs 2,5,6,7,8 Feb 24 (Reuters) - U.S. shale producer Diamondback Energy FANG.O surpassed Wall Street expectations for fourth-quarter profit on Monday, as higher production helped offset lower prices.Shares were up 3% at $159.95 in ext...Reuters
Mon, Feb 24
Air Products to exit three US projects
Adds details Feb 24 (Reuters) - Air Products APD.N said on Monday it would exit three projects in the U.S. and expects to record a pre-tax charge of nearly $3.1 billion in its second quarter to write down assets and terminate contractual commitments.This comes after the company lost the proxy fig...Reuters
Mon, Feb 24
Chevron reorganizes business structure, reshuffles leadership
Adds details about leadership in paragraphs 5-6 Feb 24 (Reuters) - Chevron CVX.N said on Monday it would reorganize some of its business structures and reshuffle the leadership team, the latest move by the U.S. energy major to simplify its operations.The company has said it would lay off up to 20...Reuters
Mon, Feb 24
Oil settles higher on fresh Iran sanctions, Iraq commitment to OPEC+
US imposes additional sanctions targeting Iranian oil industryIraq reaffirms commitment to OPEC+ agreementCrude market structure implies near-term supply tightnessWar in Ukraine remains in focusTrump says US 'on time' with tariffs against Canada, MexicoUpdates with settlement pricesBy Shariq...Reuters
Mon, Feb 24
Diamondback Energy beats fourth-quarter profit estimates
Feb 24 (Reuters) - U.S. shale producer Diamondback Energy FANG.O surpassed Wall Street expectations for fourth-quarter profit on Monday, helped by higher production.The Texas-based company posted an adjusted profit of $3.64 per share for the three months ended December 31, compared with analysts'...Reuters
Mon, Feb 24
ICE canola futures fall on technical correction, vegoil weakness
All figures in Canadian dollars unless notedWINNIPEG, Manitoba, Feb 24 (Reuters) - ICE canola futures took a beating Monday, falling sharply on technical factors and weakness across the vegoils complex.* May canola RSK5 down $20.40 at $659.30 per metric ton, or a fall of 3%. Other contract months fe...Reuters
Mon, Feb 24
CBOT corn futures fall on profit-taking, South American weather
CHICAGO, Feb 24 (Reuters) - Chicago Board of Trade corn futures fell more than 1% on Monday, retreating from multi-month highs set last week, pressured by profit-taking and improving weather forecasts for South America, analysts said.Most-active CBOT May corn CK25 settled down 8 cents at $4.97 a bus...Reuters
Mon, Feb 24
Putin says Russia open to Europe's involvement in peace talks on Ukraine
MOSCOW, Feb 24 (Reuters) - Russian President Vladimir Putin said on Monday that Russia is not opposed to Europe's involvement in Russia-U.S. peace talks on the Ukraine crisis, but he noted that Brussels had previously declined to engage in dialogue with Moscow.Putin also said U.S. President Dona...Reuters
Mon, Feb 24
CBOT soy ends down as corn sags, Argentine weather outlooks improve
CHICAGO, Feb 24 (Reuters) - Chicago Board of Trade soybean futures closed lower on Monday on spillover weakness from corn and outlooks for beneficial rains in crop areas of Argentina, traders said.CBOT most-active May soybeans SK25 settled down 9-3/4 cents at $10.47-1/2 per bushel.CBOT May soymeal S...Reuters
Mon, Feb 24
Putin says Russia ready to cooperate with US on rare earth metals
MOSCOW, Feb 24 (Reuters) - Russian President Vladimir Putin has expressed Russia's readiness to collaborate with the U.S. on rare earth metals production. Putin, speaking to state TV Kremlin correspondent Pavel Zarubin on Monday, also said that a U.S.-Ukraine possible deal involving rare eart...Reuters
Mon, Feb 24
U.S. RESEARCH ROUNDUP-Amneal pharma, Aramark, Bluebird Bio
Feb 24 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Amneal pharma, Aramark and Bluebird Bio, on Monday. HIGHLIGHTS* Amneal Pharma AMRX.O: JP Morgan raises to overweight from neutral* Aramark ARMK.N: Citigroup resumes ...Reuters
Mon, Feb 24
US lawmakers take aim at China's trade practices
WASHINGTON, Feb 24 (Reuters) - A bipartisan group of lawmakers on Monday are introducing legislation to toughen U.S. trade enforcement laws and address new concerns about China's Belt and Road Initiative.Republican Senator Todd Young and Democratic Senator Tina Smith are leading a group of more ...Reuters
Mon, Feb 24
Oil trade group pushes US for national ethanol policy after EPA okays Midwest expansion
By Stephanie Kelly and Jarrett Renshaw NEW YORK, Feb 24 (Reuters) - The American Petroleum Institute trade group on Monday pressed for a nationwide policy on higher-ethanol blends of gasoline after the President Donald Trump's administration said on Friday it would move ahead with expanded sa...Reuters
Mon, Feb 24
Trump says focus is on having ceasefire in Ukraine war as soon as possible
WASHINGTON, Feb 24 (Reuters) - U.S. President Donald Trump said on Monday there was focus on having a ceasefire in the Russia-Ukraine war as soon as possible and ultimately get to permanent peace.Trump made the remarks in a press conference with French President Emmanuel Macron at the White House. T...Reuters
Mon, Feb 24
USTR proposes charging Chinese ships up to $1.5 million to enter US ports
Steep US port fees to discourage use of Chinese vessels USTR to hold March 24 hearing on fees, shipping restrictionsUS shipbuilding has seen steep decline since 1970sTrump trade team follows up on shipping probe started under BidenBy David Lawder WASHINGTON, Feb 24 (Reuters) - The U.S. Trade Repr...Reuters
Mon, Feb 24
CBOT wheat sags on corn, soy weakness; easing crop weather fears
CHICAGO, Feb 24 (Reuters) - Chicago Board of Trade wheat futures ended lower on Monday on spillover weakness from corn and soybeans and reduced fears about weather for Northern Hemisphere winter wheat crops, traders said.CBOT May soft red winter wheat WK25 settled down 10-1/2 cents at $5.93-1/2 per ...Reuters
Mon, Feb 24
