News
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Mosaic Sees $300-$500 Million Working Capital Release Possible If Sulfur, Ammonia Costs Ease
Feb 25 (Reuters) - Mosaic Co MOS.N:MOSAIC SAYS IT IS PURSUING STRATEGIC ALTERNATIVES FOR SELECTED BRAZILIAN ASSETS IN 2026 - CONF CALLMOSAIC SAYS EACH $10 SULFUR PRICE RISE ADDS ABOUT $10 MILLION TO QUARTERLY EXPENSE - CONF CALLMOSAIC EXPECTS ABOUT $250 MILLION EBITDA HEADWIND IN Q1 2026 FROM HIGHER...Reuters
Wed, Feb 25
White House to host Big Tech in pledge to rein in power costs
By Jarrett Renshaw and Laila Kearney Feb 25 (REUTERS) - The White House plans to host leading data center and artificial intelligence companies including Microsoft MSFT.O, Anthropic and Meta Platforms META.O in early March to formalize a deal to shield consumers from rising electricity costs, acc...Reuters
Wed, Feb 25
Corteva targets fourth quarter for planned split into two companies
By Pooja Menon Feb 25 (Reuters) - U.S. agrichemicals company Corteva CTVA.N said on Wednesday it expects the previously announced planned separation into two listed companies to occur sometime in the fourth quarter of this year.Late last year, the company had said it would separate its seed and ...Reuters
Wed, Feb 25
MET Group and Shell sign MOU for US LNG supply to Europe
LONDON, Feb 25 - Switzerland-based energy trader MET Group said on Wednesday it has signed a memorandum of understanding (MoU) with Shell SHEL.L for the potential purchase of around 0.5 million tonnes per annum (mtpa) of liquefied natural gas (LNG) between 2027 and 2033, sourced primarily from She...Reuters
Wed, Feb 25
US issues guidance on licenses for resale of Venezuelan origin oil for use in Cuba
WASHINGTON, Feb 25 (Reuters) - The U.S. Treasury on Wednesday said it would implement a favorable policy toward applications for specific licenses seeking authorization for resale of Venezuelan origin oil for use in Cuba, according to guidance posted on the department's website.The favorable lic...Reuters
Wed, Feb 25
PRECIOUS-Gold climbs as tariff and geopolitical risks spur safe‑haven demand
Iran and US to hold new round of talks on ThursdayGold may soften into spring but tariffs could limit downturn, BofA saysPlatinum hits highest level since January 29By Anmol Choubey Feb 25 (Reuters) - Gold gained on Wednesday as investors moved into safe havens on concerns that tariffs could stok...Reuters
Wed, Feb 25
World Cocoa Foundation head Chris Vincent to leave post
By May AngelLONDON, Feb 25 (Reuters) - World Cocoa Foundation president Chris Vincent will leave his post at the end of the year after about five years in the role, the non-profit industry group, whose members represent more than 80% of the global cocoa sector, said on Wednesday.Vincent's depart...Reuters
Wed, Feb 25
Valero Houston refinery recovering from power interruption, community notice says
HOUSTON, Feb 25 (Reuters) - Valero Energy Corp's VLO.M 205,000 barrel-per-day (bpd) Houston refinery is recovering from an electrical power interruption on Wednesday morning, the company said in a notice filed with a community warning system. Valero had earlier in the morning filed a notice abou...Reuters
Wed, Feb 25
Corteva targets fourth quarter for planned split into two companies
By Pooja Menon Feb 25 (Reuters) - U.S. agrichemicals company Corteva CTVA.N said it expects the previously announced planned separation into two listed companies to occur sometime in the fourth quarter of this year.Late last year, the company had said it would separate its seed and pesticide bus...Reuters
Wed, Feb 25
Brazil 2026/27 arabica crop forecast to produce up to 49 million 60-kg bags of coffee, Hedgepoint says
SAO PAULO, Feb 25 (Reuters) - Brazil's 2026/27 arabica coffee crop is expected to produce between 46.5 million and 49 million 60-kilogram bags, according to a Hedgepoint Global Markets report published on Wednesday, above estimates from the country's Conab crop agency. Earlier this month, Co...Reuters
Wed, Feb 25
US crude oil imports from Venezuela rose to one-year high last week, EIA says
NEW YORK, Feb 25 (Reuters) - U.S. crude oil imports from Venezuela rose to their highest since January 2025, the U.S. Energy Information Administration's (EIA) said on Wednesday.Imports from Venezuela rose by 290,000 barrels per day (bpd) to 339,000 bpd in the week ended February 20, according t...Reuters
Wed, Feb 25
Valero Houston, Texas Refinery Reports Flaring
Feb 25 (Reuters) - VALERO ENERGY CORP.VLO.N:REPORTS ACTIVITIES AT ITS HOUSTON, TEXAS, REFINERY MAY REQUIRE THE USE OF THE SAFETY FLARE SYSTEM TO SAFELY BURN OFF EXCESS MATERIAL AND MINIMIZE POTENTIAL EMISSIONSSOURCE: COMMUNITY ALERTREFINERY CAPACITY: 205,000 BARRELS PER DAYReuters
Wed, Feb 25
Repairs to Druzhba pipeline 'not that fast', Zelenskiy says
EU asked Kyiv to speed up Druzhba pipeline repairsOrban says closure political, Zelenskiy says Druzhba was hitUkraine's Naftogaz reports 60 new drone attacksBy Pavel Polityuk and Olena Harmash KYIV, Feb 25 (Reuters) - Repairs to the Druzhba pipeline, which carries Russian oil to Eastern Europ...Reuters
Wed, Feb 25
OPEC+ to consider 137,000 bpd oil output increase for April, sources say
Eight OPEC+ members due to meet on March 1OPEC+ has paused increases for first quarter of 2026Brent crude price near highest since JulyBy Olesya Astakhova, Alex Lawler and Dmitry Zhdannikov MOSCOW/LONDON, Feb 25 (Reuters) - OPEC+ is likely to consider raising its oil output by 137,000 barrels per...Reuters
Wed, Feb 25
Hungary's MOL and Croatia's JANAF to start long-term capacity tests on the Adria pipeline
BUDAPEST, Feb 25 (Reuters) - Hungarian oil company MOL MOLB.BU agreed with Croatia's pipeline operator JANAF to start long-term capacity tests on the Adria pipeline with international, independent observers, MOL said in a statement on Wednesday.MOL also said that it was awaiting a response from ...Reuters
Wed, Feb 25
JP Morgan raises long-term gold price forecast to $4,500
Feb 25 (Reuters) - JP Morgan raised its long-term forecast for gold prices to $4,500 an ounce on Wednesday while keeping its 2026 year-end forecast at $6,300.Spot gold XAU= has risen by about 20% this year, hitting a three-week high of $5,248.89 an ounce on Tuesday. It hit a record peak of $5,594.82...Reuters
Wed, Feb 25
US natgas prices rise on strong LNG export flows, higher demand forecast for next week
Near-record LNG export flows boost US natural gas futuresWaha Hub prices negative for 14th consecutive day due to pipeline constraintsUS gas output rises in February, demand forecast higher than expected next weekBy Scott DiSavino NEW YORK, Feb 25 (Reuters) - U.S. natural gas futures edged up abo...Reuters
Wed, Feb 25
PRECIOUS-Gold climbs as tariff and geopolitical risks spur safe‑haven demand
Iran and US to hold new round of talks on ThursdayGold may soften into spring but tariffs could limit downturn, BofA saysPlatinum hits highest level since January 29By Anmol Choubey Feb 25 (Reuters) - Gold gained on Wednesday as investors moved into safe havens on concerns that tariffs could stok...Reuters
Wed, Feb 25
KGHM Agrees On Wage Conditions With Trade Unions
Feb 25 (Reuters) - KGHM Polska Miedz SA KGH.WA:AGREES ON WAGE CONDITIONS WITH TRADE UNIONSUNDER AGREEMENT, EMPLOYEES WILL RECEIVE A 6.8% INCREASE IN BASE PAY RATES FROM JANUARY 1AROUND 20% OF STAFF TO BE RECLASSIFIED FROM APRIL 2026Source text: https://shorturl.at/t7UebReuters
Wed, Feb 25
