News
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Iraq denies reports that it faces US sanctions if oil exports from Kurdistan not resumed, Iraqi official says
BAGHDAD, Feb 22 (Reuters) - Iraq denied reports on Saturday that it would face U.S. sanctions if oil exports from the Kurdistan region were not resumed, Farhad Alaaldin, a foreign affairs adviser to the Iraqi prime minister told Reuters.Reuters
Sat, Feb 22
In reversal, Trump says Russia attacked Ukraine
Trump: Ukraine 'don't have any cards, but they're playing tough'Trump predicts a deal on critical minerals soonZelenskiy says he seeks a 'fair result' in U.S. dealUS proposes UN resolution to mark Russia invasionRecasts with Trump comments on Russian invasion, paragraphs 1-4B...Reuters
Sat, Feb 22
Trump's 10% oil tariff could cost foreign producers $10 billion annually, Goldman Sachs says
Feb 21 (Reuters) - Goldman Sachs said on Friday a proposed 10% U.S. oil tariff could cost foreign producers $10 billion per year, as Canadian and Latin American heavy crudes remain reliant on U.S. refiners due to limited alternative buyers and processing capabilities.President Donald Trump plans to ...Reuters
Sat, Feb 22
LIVESTOCK-CME cattle recover on hopes for improved US slaughter rates
By Tom Polansek Feb 21 (Reuters) - Chicago Mercantile Exchange live cattle and feeder cattle futures rose on Friday in a modest rebound from recent losses.Hopes for improving demand from U.S. meatpackers and higher beef prices supported the recovery, traders said, after futures and cash prices ha...Reuters
Sat, Feb 22
EXCLUSIVE-US could cut Ukraine's access to Starlink internet services over minerals, say sources
US negotiators told Ukraine US could shutoff Starlink if minerals deal not reachedSpaceX-owned satellite internet service vital for UkraineZelenskiy says U.S. and Ukraine working on an agreementBy Andrea Shalal and Joey Roulette WASHINGTON, Feb 21 (Reuters) - U.S. negotiators pressing Kyiv for ac...Reuters
Fri, Feb 21
CIF/FOB Gulf Grain-Soy barge basis bids firm, corn bids steady
CHICAGO, Feb 21 (Reuters) - Spot basis bids for soybeans delivered by barge to the U.S. Gulf Coast firmed on Friday, and corn bids were steady, traders said.* Traders expect the recent surge in corn prices will encourage U.S. farmers to plant more of the grain this spring, as the crop looks more pro...Reuters
Fri, Feb 21
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
