News
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Oil settles down $2, posting weekly loss as Mideast risk premium fades
Brent and WTI post weekly decline Analysts point to media reports on new coronavirus discovery Analysts view fading risk premium as Gaza ceasefire holdsUS crude stocks rose, gasoline and distillates decline, EIAU.S. energy firms add oil and natural gas rigs, Baker Hughes Kazakh oil output at record...Reuters
Fri, Feb 21
US energy council chief says power plants to produce 15% more electricity
Adds more detail, backgroundBy Valerie VolcoviciWASHINGTON, Feb 21 (Reuters) - U.S. Interior Secretary and co-chair of a new White House energy council Doug Burgum on Friday called for every U.S. power plant to produce 10-15% more electricity to meet the growing energy needs to expand artificial int...Reuters
Fri, Feb 21
INSIGHT-Trump seeks to reshape Asia's energy supplies with US gas
Japan, other Asian buyers look to step up US LNG purchasesAlaska project featured prominently in Trump talks with Japan PM Ishiba, officials sayUS stressed Japan's trade imbalance, maritime security in Ishiba meeting, officials sayAlaska LNG developers seeking investment from firms such as Japan...Reuters
Fri, Feb 21
US cotton acreage may fall in 2025 due to sagging prices, analysts say
By Noel JohnFeb 21 (Reuters) - U.S. cotton acreage is expected to decrease in 2025 as falling prices and waning demand for the natural fiber might push farmers to scale back, analysts said.Cotton is currently very cheap compared to alternative crops, and this might severely curtail acreage in the U....Reuters
Fri, Feb 21
ICE canola futures ease on week of slight gains
All figures in Canadian dollars unless notedWINNIPEG, Manitoba, Feb 21 (Reuters) - ICE canola futures fell slightly on Friday but finished the week marginally higher.* It was a mellow day in a week marked by vegoil markets that struggled to find direction, but rose gently from Monday to Friday. Trad...Reuters
Fri, Feb 21
CBOT wheat ends firmer on short covering, fund buying
CHICAGO, Feb 21 (Reuters) - Chicago Board of Trade wheat futures finished higher on Friday on short covering and buying by commodity funds, traders said.The market rebounded after declining during the previous two sessions.The U.S. Department of Agriculture reported net old-crop U.S. wheat export sa...Reuters
Fri, Feb 21
GRAINS-Corn futures finish lower after hitting 18-month high
Adds closing prices in paragraphs 8 and 13By Tom Polansek CHICAGO, Feb 21 (Reuters) - Chicago Board of Trade corn futures closed lower on Friday after the market stormed to an 18-month high on strong U.S. export demand, traders said.Prices cooled as traders booked profits before the weekend and a...Reuters
Fri, Feb 21
US energy council chief says power plants to produce 15% more electricity
WASHINGTON, Feb 21 (Reuters) - US Interior Secretary and co-chair of a new White House energy council Doug Burgum on Friday called for every US power plant to produce 10-15 percent more electricity to meet the growing energy needs to expand artificial intelligence across the United States."Winni...Reuters
Fri, Feb 21
CBOT soybeans finish lower as traders book profits
CHICAGO, Feb 21 (Reuters) - Chicago Board of Trade soybean futures ended lower on Friday as traders booked profits before the weekend.Expectations for a record-large harvest in top-supplier Brazil hung over the market, analysts said.Brazil has increased plantings of the oilseed for 18 consecutive ye...Reuters
Fri, Feb 21
PRECIOUS-Gold eases from record high on profit-taking, eyes eighth weekly gain
Gold up nearly 2% for the week, hit record high on ThursdaySilver, palladium set for weekly gains, platinum eyes fallUpdates for market closeBy Anmol Choubey Feb 21 (Reuters) - Gold prices eased on Friday as investors booked profits from the previous session's record high, but were set for an...Reuters
Fri, Feb 21
US natgas prices climbs up 2% on frozen wells, record LNG flows
Freezing wells cut US output in recent daysUS gas output on track for possible record high in FebruaryUS LNG export feedgas on track for record high in FebruaryAdds latest pricesBy Scott DiSavino Feb 21 (Reuters) - U.S. natural gas futures climbed about 2% on Friday as extreme cold over the past ...Reuters
Fri, Feb 21
CBOT corn ends down on profit-taking, big US planting expectations
CHICAGO, Feb 21 (Reuters) - Chicago Board of Trade corn futures closed down on Friday as profit-taking and expectations for large U.S. plantings yanked the market from an 18-month high, traders said.Strong U.S. export demand drove the most-active contract Cv1 to levels not seen since August 2023 bef...Reuters
Fri, Feb 21
Los Angeles Mayor removes fire chief over handling of wildfires
Feb 21 (Reuters) - Los Angeles Mayor Karen Bass removed Fire Chief Kristin Crowley on Friday for her handling of the wildfires in January that killed more than two dozen people and destroyed more than 13,000 structures, the mayor said in a statement.Reuters
Fri, Feb 21
TotalEnergies chief says EU may wish to consider its own DOGE programme
Expands CEO's remarks in paragraphs 3-4PARIS, Feb 21 (Reuters) - Patrick Pouyanne, the chairman and CEO of TotalEnergies TTEF.PA, said on Friday the European Union may wish to consider its own government downsizing programme, like the one implemented by U.S. President Donald Trump.Many critics o...Reuters
Fri, Feb 21
GRAINS-Corn futures turn lower after hitting 18-month high
Adds U.S. market activityBy Tom Polansek CHICAGO, Feb 21 (Reuters) - Chicago Board of Trade corn futures turned lower on Friday after storming to an 18-month high on strong U.S. export demand. Prices cooled as traders took profits before the weekend and anticipated that the U.S. Departme...Reuters
Fri, Feb 21
US oil and gas rig count hits highest since June, says Baker Hughes
Adds rig counts in Oklahoma and West Virginia in paragraph 5By Scott DiSavino Feb 21 (Reuters) - U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row to the highest level since June, energy services firm Baker Hughes BKR.O said in its closely followed report on Fr...Reuters
Fri, Feb 21
BRIEF-Aviation Capital Group Announces Delivery Of Two Boeing 737-8 Max Aircraft To Air India Express
Feb 21 (Reuters) - Aviation Capital Group:AVIATION CAPITAL GROUP ANNOUNCES DELIVERY OF TWO BOEING 737-8 MAX AIRCRAFT TO AIR INDIA EXPRESSSource text: ID:nBw3nMTSYaFurther company coverage: BA.NReuters
Fri, Feb 21
Head of TotalEnergies says EU may wish to consider its own DOGE programme
PARIS, Feb 21 (Reuters) - Patrick Pouyanne, the chairman and chief executive of TotalEnergies TTEF.PA, said on Friday that the European Union may wish to consider its own DOGE government downsizing programme, like the one underway in the United States.Many critics of the European Union say its burea...Reuters
Fri, Feb 21
