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EU seeks to 'immediately engage' with LNG suppliers, draft shows
Formal policy announcement expected next weekEU aims to eventually wean itself off CO2-emitting gasBloc still wants to boost LNG supplies in short termFaces challenge of high energy prices and possible Trump tariffsBy Kate Abnett BRUSSELS, Feb 18 (Reuters) - The European Union will consider inves...Reuters
Tue, Feb 18
Argentina oil union threatens strike after Halliburton layoffs
By Alexander Villegas Feb 18 (Reuters) - An oil and gas workers' union in Argentina's oil-rich Chubut province threatened to strike on Tuesday after Halliburton laid off hundreds of workers and decided to close its local office. Speaking on the union's broadcast radio channel, Carlos ...Reuters
Tue, Feb 18
METALS-Copper bounces as investors seek inflation hedge
Recasts with prices at 1715 GMTBy Eric Onstad LONDON, Feb 18 (Reuters) - Copper prices rebounded in London on Tuesday as investors sought hard assets to hedge against inflation, but gains were capped by a stronger dollar.Three-month copper CMCU3 on the London Metal Exchange (LME) gained 0.8% to $...Reuters
Tue, Feb 18
Venture Global LNG to start commercial operations in April at Calcasieu Pass Louisiana plant, company says
Updates February 17 story with Shell comment and stock price in paragraphs 4-6, 11Shell skeptical about Venture Global delivery commitmentsVenture Global faced arbitration cases from oil companiesBy Curtis Williams HOUSTON, Feb 17 (Reuters) - Venture Global LNG VG.N will begin commercial operatio...Reuters
Tue, Feb 18
Citi revises down 6-12 month copper forecast amid tariff concerns
Feb 18 (Reuters) - Citi on Tuesday lowered its 6-12 month price forecast for copper and shifted its expected average quarterly price weakness to later in the year, citing the decreasing likelihood of substantial broad reciprocal U.S. tariffs taking effect in the first quarter.The bank now predicts c...Reuters
Tue, Feb 18
Low euro supports EU wheat with eyes on Ukraine peace talks
PARIS/HAMBURG, Feb 18 (Reuters) - European wheat rose on Tuesday, supported by a fall of the euro against the dollar, but prospects of stronger competition from Ukrainian and Russian grains if an uncertain peace deal was to be found between the two countries was keeping a lid on prices.The most trad...Reuters
Tue, Feb 18
EUROPE GAS-Prices rise on news EU to work on flexible gas storage targets
Updates prices LONDON, Feb 18 (Reuters) - Dutch wholesale gas contracts recouped earlier losses that sent prices close to four-week lows and rose after a draft EU will work on more flexible gas storage filling targets.The European Commission will work on more flexible targets for EU countries to ...Reuters
Tue, Feb 18
Russia's Novak says CPC oil pumping volumes are down by 30-40% after drone attack
MOSCOW, Feb 18 (Reuters) - Russian Deputy Prime Minister Alexander Novak said on Tuesday that the volume of oil pumped through the Caspian Pipeline Consortium (CPC) was down by 30-40% due to a Ukrainian drone attack on a pumping station in southern Russia."As a result of the attack, energy equip...Reuters
Tue, Feb 18
EXCLUSIVE-Lebanese government to seek new IMF programme, policy statement says
Adds finance minister comments to Reuters in paragraphs 5-6By Laila Bassam and Tom Perry BEIRUT, Feb 18 (Reuters) - Lebanon's new government will negotiate with the International Monetary Fund for a new programme and will work to deal with the country's financial default and public debt, ...Reuters
Tue, Feb 18
BUZZ-COMMENT-AUD/USD risks remain tilted to the upside after RBA cuts
Feb 18 (Reuters) - AUD/USD traded slightly lower Tuesday after the RBA cut rates for the first time in 5-years, but the pair's resiliency suggests investors could be focused more on upside risks.Investors deemed the RBA's policy change as a hawkish cut as the central bank was cautious on the...Reuters
Tue, Feb 18
Guyana, Dominican Republic making progress on oil exploration and refining
GEORGETOWN, Feb 18 (Reuters) - The governments of Guyana and the Dominican Republic have progressed on agreements for oil and gas exploration at an offshore block, a possible new refinery and a petrochemical plant in the South American country, Dominican President Luis Abinader said.Abinader spoke a...Reuters
Tue, Feb 18
CBOT Trends-Wheat down 1-3 cents, corn and soybeans up 1-3
CHICAGO, Feb 18 (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 Tuesday.WHEAT - Down 1 to 3 cents per bushel* CBOT wheat Wv1 futures ease after hitting a four-month peak on Friday and as the ...Reuters
Tue, Feb 18
Elementum launches ILS fund with US wind focus
By Henry GaleFeb 18 - (The Insurer) - Alternative investment manager Elementum Advisors has announced a new multi-investor vehicle targeting U.S. wind-exposed catastrophe bonds with higher risk premiums.Elementum Njord Cat Bond Fund, Ltd. was launched on February 15. It aims to capitalise on the cat...Reuters
Tue, Feb 18
Zurich backs new cocoa insurance scheme in Indonesia
By Henry GaleFeb 18 - (The Insurer) - Zurich Indonesia and consortium Blue Marble have launched a parametric insurance scheme for cocoa farmers in partnership with the provincial government of Indonesia's largest cocoa-producing region.The product is a collaboration between Zurich, Blue Marble, ...Reuters
Tue, Feb 18
BRIEF-Ancora Announces Investor Conference Call And Releases 220 Demand Letter Sent To The Board Of Directors Of U.S. Steel
Feb 18 (Reuters) - United States Steel Corp X.N:ANCORA ANNOUNCES INVESTOR CONFERENCE CALL AND RELEASES 220 DEMAND LETTER SENT TO THE BOARD OF DIRECTORS OF U.S. STEELSource text: ID:nBw7YjTGaFurther company coverage: X.NReuters
Tue, Feb 18
Constellation Energy beats profit estimates on data center-driven power demand
Feb 18 (Reuters) - U.S. utility Constellation Energy CEG.O beat Wall Street estimates for fourth-quarter profit on Tuesday, benefiting from lower expenses and rising demand for power.The U.S. Energy Information Administration (EIA) expects power consumption to reach record highs in 2025, with demand...Reuters
Tue, Feb 18
US natgas prices slide 2% on less cold forecasts
Freezing wells cut US output over past weekUS gas production still on track for record high in FebruaryUS LNG export feedgas on track for record high in FebruaryBy Scott DiSavino Feb 18 (Reuters) - U.S. natural gas futures slid about 2% on Tuesday on forecasts for less cold weather and lower heat...Reuters
Tue, Feb 18
PRECIOUS-Gold extends gains as Trump tariffs fuel safe haven flows
Feb 18 (Reuters) - Gold prices rose for a second straight session on Tuesday, but traded below the all-time high, as uncertainty around U.S. President Donald Trump's tariff plans continued to fuel economic growth concerns and safe haven flows into bullion.
Reuters
Tue, Feb 18
Chaz and Kairos structure parametric fish farm cover in South China Sea
By Henry GaleFeb 18 - (The Insurer) - An aquaculture firm in Southeast Asia has purchased a parametric typhoon cover designed by Thailand-based broker Chaz and consultancy Kairos Risk Solutions.The regional offshore aquaculture specialist had faced challenges with reduced yield caused by typhoons, w...Reuters
Tue, Feb 18
ISF supports scale-up of parametric multi-peril agriculture insurance in Colombia
By Henry GaleFeb 18 - (The Insurer) - The InsuResilience Solutions Fund (ISF) has announced it will support a private sector consortium to scale up a parametric insurance solution for farmers in Colombia.Local insurer Cardif Colombia, insurtech Raincoat and Munich Re are developing a revised version...Reuters
Tue, Feb 18
