News
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RPT-EXCLUSIVE-Chinese lithium company halts tech exports as trade tensions build
Repeats story filed on Feburary 18 without changesJiangsu told customers it would halt exports of lithium processing tech from February 1China announced a proposal for export controls last month Proposal is having a "chilling effect" across industry, lawyer saysBy Ernest Scheyder and Lewis J...Reuters
Wed, Feb 19
US Senate confirms Cantor Fitzgerald's Lutnick to head Commerce Department
WASHINGTON, Feb 18 (Reuters) - The U.S. Senate voted on Tuesday by a 51-45 vote to confirm President Donald Trump's nominee Howard Lutnick, the billionaire chairman and CEO of Wall Street firm Cantor Fitzgerald, to run the Commerce Department.The Commerce Department, which has 47,000 employees, ...Reuters
Tue, Feb 18
Devon Energy beats fourth-quarter profit estimate on higher production
Adds details in paragraphs 3-6, 8-10, 12 Feb 18 (Reuters) - Oil and gas firm Devon Energy DVN.N beat analysts' estimate for fourth-quarter profit on Tuesday, as higher production helped counter the impact from lower prices.Total oil production in the U.S. rose to a record high of 13.6 million...Reuters
Tue, Feb 18
CIF/FOB Gulf Grain-Corn, soybean barge basis firm as some rivers rise
CHICAGO, Feb 18 (Reuters) - Basis bids for corn and soybeans shipped by barge to the U.S. Gulf Coast firmed on Tuesday, following the recent trend of higher river freight costs, traders said.* Rising water levels, particularly on parts of the Ohio, have made it difficult for some river elevators to ...Reuters
Tue, Feb 18
Occidental to divest some upstream assets for $1.2 billion
Adds details, analyst comment and details in paragraphs 5-10By Tanay DhumalFeb 18 (Reuters) - Occidental Petroleum OXY.N said on Tuesday that it had struck two deals in the current quarter to divest some upstream assets to undisclosed buyers for a total of $1.2 billion, although its current-quarter ...Reuters
Tue, Feb 18
LIVESTOCK-CME feeder cattle rises after Mexico finds screwworm in another cow
By Tom Polansek Feb 18 (Reuters) - Chicago Mercantile Exchange feeder cattle futures finished higher on Tuesday as some traders worried that Washington would limit imports of cattle from Mexico over the discovery of another cow with the New World screwworm (NWS) pest.The U.S. Department of Agricu...Reuters
Tue, Feb 18
EQT beats fourth-quarter profit estimates on higher natural gas prices, sales
Adds details and background in paragraphs 3-7 Feb 18 (Reuters) - EQT EQT.N beat analysts' estimate for fourth-quarter profit on Tuesday, as the natural gas producer benefited from higher prices and sales of the commodity.Natural gas prices rose in the quarter, hitting a two-year peak, helped ...Reuters
Tue, Feb 18
Constellation forgoes earnings call for first time since spinoff
Adds company statement starting in paragraph twoBy Laila Kearney NEW YORK, Feb 18 (Reuters) - Constellation Energy CEG.O, the largest U.S. nuclear power operator, skipped its quarterly earnings investor call on Tuesday for the first time since going public three years ago. The earnings call wa...Reuters
Tue, Feb 18
Lyondell Houston refinery layoffs to begin in mid-April -letter
HOUSTON, Feb 18 (Reuters) - Layoffs of workers at Lyondell Basell Industries’ LYB.N shuttered Houston refinery will begin in mid-April, the company said in a letter sent to the United Steelworkers union on Monday. “Employment separations - including for (USW) Local 13-227-represented employees – are...Reuters
Tue, Feb 18
Pair of large quakes rattle Texas oil patch, putting spotlight on water disposal
Magnitude 5.0, 4.7 quakes strikes Culberson county, West Texas Saltwater injection during fracking linked to increased seismic activity Earthquakes could serve as tailwind for pending water disposal projectsWater management costs set to increase By Georgina McCartney HOUSTON, Feb 18 (Reuters) - T...Reuters
Tue, Feb 18
Trump says he may not let Venezuela export oil via Chevron
WASHINGTON, Feb 18 (Reuters) - U.S. President Donald Trump said on Tuesday he may not let Venezuela export oil and petroleum products via companies like Chevron CVX.N.Trump said "maybe not" when asked by reporters if he will allow Venezuela to export petroleum products. "We're lookin...Reuters
Tue, Feb 18
Oil settles up on supply hits, traders cautious on Ukraine peace talks
Caspian oil pipeline volumes down 30-40% due to drone hitRussia Novorossiisk port loadings halted due to storm -sourcesNorth Dakota oil output hit by cold weather US, Russia to press ahead with efforts to end war in UkraineUpdates with settlement, adds US production outage due to cold weatherBy Shar...Reuters
Tue, Feb 18
EQT beats fourth-quarter profit estimates on higher prices
Feb 18 (Reuters) - EQT EQT.N beat analysts' estimate for fourth-quarter profit on Tuesday, as the natural gas producer benefited from higher prices of the commodity.The company posted an adjusted profit of 69 cents per share for the quarter ended December 31, compared with analysts' average ...Reuters
Tue, Feb 18
Occidental Petroleum reports fourth-quarter loss
Feb 18 (Reuters) - Occidental Petroleum OXY.N reported a fourth-quarter loss on Tuesday, as the oil and gas firm was hurt by lower prices.The company reported a loss of $297 million for the quarter ended December 31, compared with a profit of $1.03 billion from a year earlier.Reuters
Tue, Feb 18
GRAINS-Corn futures hit 16-month high above $5 a bushel
Adds closing prices in paragraphs 9-10By Tom Polansek CHICAGO, Feb 18 (Reuters) - Chicago Board of Trade corn futures reached a 16-month high above $5 a bushel on Tuesday on robust U.S. export demand and expectations that inventories may tighten, analysts said. Wheat futures touched their highest...Reuters
Tue, Feb 18
Devon Energy beats fourth-quarter profit estimate on higher production
Feb 18 (Reuters) - Oil and gas firm Devon Energy DVN.N beat analysts' estimate for fourth-quarter profit on Tuesday, as higher production helped counter the impact from lower prices. The company posted an adjusted profit of $1.16 per share for the quarter ended December 31, compared with analyst...Reuters
Tue, Feb 18
ERCOT expects surging power demand as cold freeze grips Texas
Feb 18 (Reuters) - The Electric Reliability Council of Texas (ERCOT) said on Tuesday it anticipates a surge in system demand later in the day as extremely cold temperatures grip the region."To ensure as much generation as possible is available to serve system demand, ERCOT has requested that the...Reuters
Tue, Feb 18
ICE canola futures slip while soyoil rises
All figures in Canadian dollars unless notedWINNIPEG, Manitoba - Feb 18 (Reuters) - ICE canola futures slipped Tuesday despite strength in the soyoil market, taking a breather following much fund buying last week.• March canola RSH5 settled down $1.60 at $661.90 per metric ton. May and July were als...Reuters
Tue, Feb 18
CANADA RESEARCH ROUNDUP-Bank of Montreal, Capital Power, Transalta
Feb 18 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Bank of Montreal, Capital Power and Transalta on Tuesday. HIGHLIGHTS * Bank of Montreal BMO.TO: CIBC raises target price to C$154 from C$150* Capital Power Corp CPX.TO: CIBC...Reuters
Tue, Feb 18
