News
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Cuba's top cigarmaker breaks record with sales of $827 million in 2024
By Nelson AcostaHAVANA, Feb 24 (Reuters) - Cuba's top cigar maker Habanos said on Monday that sales of the company's luxurious smokes had soared to a record $827 million in 2024 as revenue poured in from fast-growing markets in China and elsewhere in Asia.Habanos Vice President Jorge Perez s...Reuters
Mon, Feb 24
BRIEF-EPNG Declares Force Majeure At Dimmitt Compressor Station Unit #1 Located In Lamb County, Texas
Feb 24 (Reuters) - KINDER MORGAN'S KMI.N EL PASO NATURAL GAS COMPANY, L.L.C (EPNG):DECLARES FORCE MAJEURE AND EXPERIENCES EQUIPMENT FAILURE ASSOCIATED WITH ITS DIMMITT COMPRESSOR STATION UNIT #1 LOCATED IN LAMB COUNTY, TEXASRELATED: nAQN2K289MReuters
Mon, Feb 24
US Plains HRW Wheat-Basis bids unchanged after last week's selling
CHICAGO, Feb 24 (Reuters) - Spot basis bids for hard red winter wheat at locations around the U.S. Plains were unchanged on Monday after farmers took advantage of the previous week's rally in futures to sell their crop.* Many growers have already sold the bulk of their last harvest and are hopin...Reuters
Mon, Feb 24
FACTBOX-Bank of America predicts Brent crude to average $75/bbl in 2025
Writes throughout with Bank of America and updates tableFeb 24(Reuters) - Bank of America expects Brent crude to average $75 per barrel in 2025 and $73 in 2026, citing low global oil inventories, balanced supply and demand, and about 5 million barrels per day of OPEC spare production capacity.The Or...Reuters
Mon, Feb 24
Med crude-Urals diffs stable, drone strike hits Ryazan refinery
MOSCOW, Feb 24 (Reuters) - Urals crude differentials to dated Brent kept steady on Monday, while Russia's Ryazan oil refinery has suspended operations after an attack by Ukrainian drones on Monday.The main crude distillation unit at the refinery, CDU-6 with a capacity of some 170,000 bpd, caught...Reuters
Mon, Feb 24
Europe Gasoline/Naphtha-Gasoline margins slip in thin trading
LONDON, Feb 24 (Reuters) - Northwest European gasoline refining profit margins fell by about 50 cents on Monday to $8.84 a barrel. A total of 4,000 metric tons of E5 gasoline barges traded, as Trafigura sold barges to BP and Litasco.Another 2,000 tons of Eurobob E10 barges traded as TotalEnergies so...Reuters
Mon, Feb 24
US Cash Grains-Soybean, corn basis mixed in stagnant trade
CHICAGO, Feb 24 (Reuters) - Spot basis bids for soybeans were steady to mixed in the U.S. Midwest on Monday as markets lacked direction ahead of the spring planting season, while some buyers have already purchased enough crop to cover short-term needs, analysts said.* The spot soybean basis rose at ...Reuters
Mon, Feb 24
METALS-Copper prices slip on tariff threat and Chinese inventories
Updates pricesBy Pratima DesaiLONDON, Feb 24 (Reuters) - Copper prices slipped on Monday as traders focused on U.S. President Donald Trump's tariff threats and changing demand signals from inventories in top consumer China.Benchmark copper CMCU3 on the London Metal Exchange (LME) was down 0.8% a...Reuters
Mon, Feb 24
U.S. nuclear power plant outages
Adds outages tableFeb 24 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW ...Reuters
Mon, Feb 24
Damage to Baltic Sea telecoms cable may have occurred in January, operator says
Police launched investigation of cable damage on FridayOperator says damage may have occurred on January 26Coincides with a previous breach that was ruled accidentalVessels dragging anchors have damaged infrastructure STOCKHOLM, Feb 24 (Reuters) - Finland's telecoms operator said on Monday th...Reuters
Mon, Feb 24
Trudeau says Canada will stand with Ukraine until it wins the war
OTTAWA, Feb 24 (Reuters) - Canada will continue to support Kyiv in its conflict with Russia "until the war is over and until Ukraine wins", Prime Minister Justin Trudeau told reporters on Monday."It is very much my hope that this war won't last another year," he told a televised ...Reuters
Mon, Feb 24
BRIEF-Outokumpu Signs Ten-Year Off-Take Agreement With Greenland Resources
Feb 24 (Reuters) - Outokumpu Oyj OUT1V.HE:INSIDE INFORMATION: OUTOKUMPU SIGNS A TEN-YEAR OFF-TAKE AGREEMENT WITH GREENLAND RESOURCES TO ENSURE ACCESS TO A CRITICAL RAW MATERIAL IN EUROPEOFF-TAKE AGREEMENT WITH GREENLAND RESOURCES INC. TO ENSURE ACCESS TO A CRITICAL RAW MATERIAL IN EUROPEAGREEMENT CO...Reuters
Mon, Feb 24
Canada's Equinox Gold to buy Calibre Mining in all-stock deal worth $1.8 billion
Feb 24 (Reuters) - Canada's Equinox Gold EQX.TO on Sunday said it would acquire all outstanding shares of Calibre Mining CXB.TO in an all-stock deal, aiming to benefit from upcoming Canadian output as gold prices reach record highs.Under the deal, Calibre shareholders will receive 0.31 Equinox c...Reuters
Mon, Feb 24
RSUM confirms RB Jones' Engel as marine and energy CEO
Feb 24 - (The Insurer) - Ryan Specialty has confirmed the appointment of Mark Engel to lead Ryan Specialty Underwriting Managers' marine and energy practice, based in New York City.In his new role as CEO of marine and energy, Engel will be responsible for overseeing the operations, growth strate...Reuters
Mon, Feb 24
US natural gas prices fall more than 5% on milder weather forecasts
By Anmol Choubey Feb 24 (Reuters) - U.S. natural gas futures fell more than 5% on Monday, dragged down by forecasts of milder weather and lower heating demand next week than previously anticipated.Front-month gas futures NGc1 for March delivery on the New York Mercantile Exchange were down 30 cen...Reuters
Mon, Feb 24
Trump leaves Europe facing up to 'new era'
U.S. no longer primarily focused on EuropeEU scrambles to face up to new eraNew package of sanctions on Russia agreed in BrusselsSeveral EU leaders make trip to Kyiv in show of supportAdds Kallas in paragraphs 1, 3-4, think-tank in paragraphs 8-9By Andrew Gray and Lili Bayer BRUSSELS, Feb 24 (Re...Reuters
Mon, Feb 24
CBOT Trends-Wheat down 8-9 cents, corn down 3-4, soy down 1-2
CHICAGO, Feb 24 (Reuters) - Following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Monday.WHEAT - Down 8 to 9 cents per bushel* CBOT wheat Wv1 futures fell as weather threats subsided for U.S. and Black Sea cro...Reuters
Mon, Feb 24
PRESS DIGEST-Canada - February 24
Feb 24 (Reuters) - The following are the top news articles from Canadian newspaper The Globe and Mail. Reuters has not verified these and does not vouch for their accuracy.THE GLOBE AND MAIL** Even as U.S. President Donald Trump talks of waging a campaign of "economic force" to persuade Cana...Reuters
Mon, Feb 24
Romania's US-backed nuclear power projects should be kept out of election row, minister says
BUCHAREST, Feb 24 (Reuters) - Romanian nuclear power projects backed by U.S. companies should not be affected by recent criticism from members of President Donald Trump's administration over a cancelled election, Romania's energy minister said.Romania's top court voided the country's...Reuters
Mon, Feb 24
