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METALS-Possibility of US-China trade deal, weaker dollar give a boost to base metals
Updates pricesBy Polina Devitt LONDON, Feb 20 (Reuters) - Base metals rose in London on Thursday as worries about the probability of a global trade war were put on pause after U.S. President Donald Trump said a new trade deal with top metals consumer China was possible.Three-month aluminium CMAL3...Reuters
Thu, Feb 20
US 4-week average distillate demand hits highest since March 2022 - EIA
Feb 20 (Reuters) - The U.S. four-week average product supplied of distillate fuel oil, a measure of demand, rose by 64,000 barrels per day (bpd) to 4.289 million bpd in the week ended February 14, the highest since March 2022, according to data from the U.S. Energy Information Administration on Thur...Reuters
Thu, Feb 20
Canada's Teck sees no material impact from Trump tariffs
Adds details from conference call in paragraphs 1 to 5, shares in paragraph 6By Mrinalika RoyFeb 20 (Reuters) - Canadian miner Teck Resources TECKb.TO said on Thursday U.S. President Donald Trump's proposed tariffs on Canadian imports will not have any material impact on its business."Our co...Reuters
Thu, Feb 20
FERC pushes for more guidance on co-located data center arrangements
NEW YORK, Feb 20 (Reuters) - U.S. energy regulators on Thursday directed the country's largest grid operator to provide clarity on how it handles co-location, an increasingly popular AI data center electricity arrangement that allows the computer warehouses to connect directly to power plants. A...Reuters
Thu, Feb 20
Canada's Nutrien says tariffs will lead to higher costs for US farmers
Adds company preparations for tariffs implementation and potash availability in paragraphs 4 and 5; optimism about U.S. fertilizer use in 2025 in paragraph 6; implications of possible end of war in Ukraine on Russian and Belarusian potash competition in paragraphs 8 to 11By Mrinalika Roy and Ed Whit...Reuters
Thu, Feb 20
US crude stockpiles rise, gasoline and distillate draw down - EIA
HOUSTON, Feb 20 (Reuters) - U.S. crude oil stockpiles rose while gasoline and distillate inventories fell last week, the Energy Information Administration said on Thursday. Crude inventories rose by 4.6 million barrels to 432.5 million barrels in the week ended February 14, the EIA said, compared wi...Reuters
Thu, Feb 20
BRIEF-Trump Aluminum Tariffs To Hit 123 Areas, Including Chip Equipment - Nikkei
Feb 20 (Reuters) - Nikkei: TRUMP ALUMINUM TARIFFS TO HIT 123 AREAS, INCLUDING CHIP EQUIPMENT - NIKKEIJAPAN'S TRADE MINISTRY WORKING TO IDENTIFY ITEMS AND FIND OUT HOW JAPANESE COMPANIES WOULD BE IMPACTED - NIKKEIReuters
Thu, Feb 20
Ivory Coast cocoa grind fell 0.2% y/y in January, exporters association says
ABIDJAN, Feb 20 (Reuters) - Ivory Coast's cocoa grind fell 0.2% year-on-year in January to 63,225 metric tons, data from exporter association GEPEX showed on Thursday.The total grind from the start of the 2024/25 season in October stood at 245,549 tons of beans by the end of January, up 0.7% fro...Reuters
Thu, Feb 20
Mitsui subsidiary hires former DRW Investments executive to lead precious metals push
LONDON, Feb 20 (Reuters) - Mitsui Bussan Commodities Ltd (MBCL), which trades energy and base metals derivatives, has hired Darren Botha, former head of precious metals at DRW Investments, to lead its expansion into precious metals, the company said.MBCL's decision to enter global precious metal...Reuters
Thu, Feb 20
Naturgy foresees less gas from long-term contracts by 2027
MADRID, Feb 20 (Reuters) - Spanish energy firm Naturgy NTGY.MC expects a 19% decline in the volume of natural gas it gets from long-term contracts as it plans to replace them in part with biomethane, Executive Chairman and CEO Francisco Reynes said on Thursday.The company expects volumes bought thro...Reuters
Thu, Feb 20
TABLE-US generated fewer renewable blending credits in January, EPA says
Adds RIN generation table, backgroundFeb 20 (Reuters) - The United States generated fewer renewable blending credits in January versus the prior month, data from the Environmental Protection Agency showed on Thursday.About 1.25 billion ethanol (D6) blending credits were generated in January, compare...Reuters
Thu, Feb 20
EU wheat eases with Chicago as export worries persist
PARIS, Feb 20 (Reuters) - Euronext wheat futures eased on Thursday as Chicago prices retreated from multi-month highs and concern about lagging exports hung over the European market.May futures BL2K5, the most-active contract on Euronext's wheat market, were down 0.4% by 1646 GMT at 236.75 euros...Reuters
Thu, Feb 20
US generated fewer renewable blending credits in January, EPA says
NEW YORK, Feb 20 (Reuters) - The United States generated fewer renewable blending credits in January versus the prior month, data from the Environmental Protection Agency showed on Thursday.About 1.25 billion ethanol (D6) blending credits were generated in January, compared with about 1.30 billion i...Reuters
Thu, Feb 20
BRIEF-Vale CEO Sees Balanced Global Iron Ore Market In 2025
Feb 20 (Reuters) - Vale SA VALE3.SA:EXPECTS CHINA MARKET TO REMAIN STRONG, WORLD'S GROWTH IS ACCELERATING, WHICH IS GOOD FOR THE FIRM - CEOSEES BALANCED GLOBAL IRON ORE MARKET IN 2025 - CEOVALE SEES LIMITED IMPACTS OF POSSIBLE TARIFFS FROM THE U.S., SINCE IT DOES NOT SELL MUCH IRON ORE TO THE CO...Reuters
Thu, Feb 20
Cheniere Energy to expedite regulatory applications for LNG plants under Trump administration
HOUSTON, Feb 20 (Reuters) - Cheniere Energy LNG.N plans to aggressively pursue liquefied natural gas regulatory permits now that U.S. President Donald Trump is in office, thereby reducing regulatory risks for future growth, the company's CEO Jack Fusco said on Thursday.Cheniere plans to double i...Reuters
Thu, Feb 20
Ivory Coast cocoa grind down 0.2% y/y in December, exporters association says
ABIDJAN, Feb 20 (Reuters) - Ivory Coast's cocoa grind fell 0.2% year-on-year in December to 62,547 metric tons, data from exporter association GEPEX showed on Thursday.The total grind from the start of the 2024/25 season in October stood at 182,324 tons of beans by the end of December, up around...Reuters
Thu, Feb 20
Kremlin offers Trump support in Zelenskiy spat as Putin ally says US leader is '200% right'
Kremlin watches as Trump critiques Ukrainian leader Says it agrees with some of Trump's remarks Repeats Trump administration financial critique of KyivMedvedev says amazed at speed of evolving US stance Recasts, adds Medvedev in paragraphs 12,13, Malofeyev in paragraphs 18-20 and contextBy D...Reuters
Thu, Feb 20
EU trade chief says US shows willingness to work avoid tariff pain
EU's Sefcovic met with US counterparts for four hoursCites huge impact of trade tensions for global economyUS, EU priority will be to focus on automotive sectorAdds quotes, details throughoutBy Andrea Shalal WASHINGTON, Feb 20 (Reuters) - European Union trade chief Maros Sefcovic said on Thur...Reuters
Thu, Feb 20
Federal workers were fired 'for performance.' Their records say otherwise
Federal workers were fired 'based on your performance'Twelve of the fired workers received good performance appraisalsWhite House says it is removing workers who are not mission-criticalAdds news of union lawsuit in paragraph 13By Leah Douglas, Nathan Layne and Tim Reid Feb 20 (Reuters) -...Reuters
Thu, Feb 20
