News
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Norway's Socialist Party backs down from threat to LNG electricity project
OSLO, Feb 4 (Reuters) - Norway's Socialist Party on Wednesday said it has withdrawn its support for proposal that would have deprived Equinor's EQNR.OL Hammerfest liquefied natural gas (LNG) plant of a planned onshore electricity connection.Parliament is due on Thursday to vote on the opposi...Reuters
Wed, Feb 4
Deals of the day-Mergers and acquisitions
Feb 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1430 GMT on Wednesday: Biotech firm PrimeGen US will go public in the United States through a $1.5 billion deal with blank-check company DT Cloud Star Acquisition DTSQ.O, the companies said. nL4N3Z01EU ...Reuters
Wed, Feb 4
SOFTS-Arabica coffee hits 5-1/2 month low while cocoa also falls
LONDON, Feb 4 (Reuters) - Arabica coffee prices slumped to a 5-1/2 month low on Wednesday weighed by the prospect of a larger crop in top producer Brazil this year while cocoa prices also fell. COFFEEArabica coffee KCc1 was down 0.6% at $3.1515 per lb by 1426 GMT after hitting a 5-1/2 month lo...Reuters
Wed, Feb 4
US natural gas futures rise 2% on LNG export boost
Gas futures rise despite warmer weather forecastsVolatility in gas futures hits record high, boosting trading volumeU.S. LNG exports increase after Arctic freeze in JanuaryBy Scott DiSavinoNEW YORK, Feb 4 (Reuters) - U.S. natural gas futures climbed about 2% on Wednesday on increases in gas flows to...Reuters
Wed, Feb 4
Vance says US will establish price floor system for critical minerals
WASHINGTON, Feb 4 (Reuters) - U.S. Vice President JD Vance told a meeting of than 50 countries on Wednesday aimed at boosting access to critical minerals that the U.S. will establish a system creating price floors for the commodities.Vance said the United States was proposing a trading bloc for crit...Reuters
Wed, Feb 4
CBOT Trends-Wheat down 3-4 cents, corn down 1-2, soy down 1 to 3
CHICAGO, Feb 4 (Reuters) - The 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 Wednesday: WHEAT - Down 3 to 4 cents per bushelCBOT wheat Wv1 fell, curbed by a firm dollar as traders assessed weather ...Reuters
Wed, Feb 4
India's Russian oil imports down in January amid trade talks with US
Russia could face further sharp drop in oil, gas revenueUS and India announced trade dealJ.P. Morgan expects India to import 0.8–1.0 million barrels per day of Russian oilRussia says no reason to believe India reconsidered oil trade Feb 4 (Reuters) - India's Russian oil imports slipped in Jan...Reuters
Wed, Feb 4
PRECIOUS-Gold extends gains as uncertainty keeps investors engaged
Gold up about 17% so far in 2026Silver up over 28% this yearADP national employment report misses expectations By Anmol Choubey Feb 4 (Reuters) - Gold prices climbed on Wednesday, extending gains from the previous session after one of its steepest sell‑offs in decades, as broader geopolitical unc...Reuters
Wed, Feb 4
Old Dominion posts weaker quarterly results as freight market stays soft
Feb 4 (Reuters) - Old Dominion Freight Line ODFL.O reported a fall in fourth-quarter profit and revenue on Wednesday, hurt by lower volumes as it navigates a challenging freight environment.The U.S. trucking market remains in a prolonged slowdown following the 2022 e-commerce boom. Low shipment vol...Reuters
Wed, Feb 4
CK Hutchison launches arbitration over Panama Canal ports contract ruling
CK Hutchison disputes Panama court's annulment of port licensesChina warns Panama of consequences for court rulingPanama's president rejected Beijing's criticism, warningU.S. lawmakers see court decision as strategic winBy Clare Jim and Kane Wu HONG KONG, Feb 4 (Reuters) - Hong Kong&#...Reuters
Wed, Feb 4
Equinor cuts buybacks by 70% and flags sharp drop in capital expenditure next year
Quarterly pretax earnings drop 22% to $6.2 billionShare buybacks reduced to $1.5 billion from $5 billion in 2025Plans $4 billion cut to capital expenditure for 2027 Aims to keep oil and gas investment stableBy Nerijus Adomaitis and Nora Buli OSLO, Feb 4 (Reuters) - Equinor EQNR.OL will cut share ...Reuters
Wed, Feb 4
Chevron signs initial exploration deal for Syrian waters with Qatari firm
Feb 4 (Reuters) - Chevron CVX.N has signed a memorandum of understanding, or an initial agreement, with the Syrian Petroleum Company and the Qatari firm UCC Holding to evaluate exploration for oil and gas offshore Syria, a spokesperson for the U.S. major said on Wednesday.Syria's coast in the ea...Reuters
Wed, Feb 4
SOFTS-Cocoa futures pushed down by weak demand while sugar also falls
LONDON, Feb 4 (Reuters) - Cocoa futures fell on Wednesday as the market remained on the defensive owing to weak demand that is leading to a build-up in stocks of unsold beans in both Ivory Coast and Ghana COCOALondon cocoa LCCc1 lost 2.6% to 3,008 pounds a metric ton by 1256 GMT, slipping back t...Reuters
Wed, Feb 4
Russia says uranium proposal for Iran is still on the table
MOSCOW, Feb 4 (Reuters) - Russia's foreign ministry said on Wednesday that a proposal to remove uranium from Iran as part of a deal to ease U.S. concerns was still on the table, but that it was for Tehran to decide whether or not to remove it."Russia once offered to export Iran's enriche...Reuters
Wed, Feb 4
CORRECTED-India's Russian oil imports down 12% in Jan/Dec amid US-India trade talks
Feb 4 (Reuters) - India's Russian oil imports slipped in January, continuing a downturn that began in December as refiners sought more alternative barrels under Western sanctions pressure and ongoing U.S.–India trade talks, Reuters sources said and data showed.On Monday, U.S. President Donald Tr...Reuters
Wed, Feb 4
Chevron signs initial agreement to explore offshore Syria
LONDON, Feb 4 (Reuters) - Chevron CVX.N has signed a memorandum of understanding, or an initial agreement, with the Syrian Petroleum Company and the Qatari firm UCC Holding to evaluate exploration for oil and gas offshore Syria, a spokesperson for the U.S. major said on Wednesday. Syrian state-run E...Reuters
Wed, Feb 4
Germany's Uniper downplays increasing reliance on US LNG, stresses diversification
Uniper's Poppinga trusts US LNG system over political concernsUniper emphasizes need for diversification in sourcing LNG US LNG accounts for 96% of Germany's LNG importsBy Emily Chow DOHA, Feb 4 - A top executive at German utility Uniper has played down European concerns over rising depen...Reuters
Wed, Feb 4
GRAINS-Chicago grains drift lower with dollar and weather in focus
PARIS/BEIJING, Feb 4 (Reuters) - Chicago grain and soybean futures edged lower on Wednesday, curbed by a firm dollar as traders assessed weather risks and geopolitical tensions, analysts said.Soyoil, however, held steady after a day-earlier rally supported by updated U.S. government guidance on tax ...Reuters
Wed, Feb 4
Gold: Record outflows from ETFs – BNY
BNY's report, authored by Head of Markets Macro Strategy Bob Savage, discusses significant outflows from China's gold ETFs, totaling nearly $1 billion, following a sharp decline in gold prices. This trend reflects fragile investor sentiment after a recent peak in gold prices.
Fxstreet
Wed, Feb 4
RPT-ROI-Peak coal may be elusive, but peak seaborne coal is here: Russell
Reuters Open Interest (ROI) is your essential source for global financial commentary. By Clyde Russell CAPE TOWN, Feb 4 (Reuters) - The headline news that global coal demand reached a record high in 2025 masks some important underlying shifts in how the fuel is being produced, traded and used.The...Reuters
Wed, Feb 4
