News
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Deals of the day-Mergers and acquisitions
Feb 4 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1030 GMT on Wednesday: A KKR KKR.N and Singapore Telecommunications STEL.SI consortium will pay S$6.6 billion ($5.2 billion) in cash to take full control of ST Telemedia Global Data Centres (STT GDC), the ...Reuters
Wed, Feb 4
Kremlin says it sees nothing new in India's plan to diversify its oil supplies
MOSCOW, Feb 4 (Reuters) - The Kremlin said on Wednesday that it saw nothing new in India's announcement that it would diversify its oil supplies as New Delhi has always bought oil from different countries, including Russia.Trade Minister Piyush Goyal said earlier on Wednesday that India would di...Reuters
Wed, Feb 4
Senators push $70 billion funding deal to support Trump's critical minerals push, FT reports
Feb 4 (Reuters) - Senators will introduce legislation on Wednesday to reauthorise funding for the United States Export-Import Bank for the next decade, as lawmakers try to inject an extra $70 billion into the agency to support U.S. President Donald Trump's critical minerals push, the Financial T...Reuters
Wed, Feb 4
Wartsila orders miss forecast, but upbeat on data centres
Q4 orders 2.22 billion euros vs forecast 2.33 billion eurosHit by US battery tariffs, tougher energy storage competitionCEO sees 'ample opportunities' in powering data centresBy Anne Kauranen and Marta FrackowiakHELSINKI, Feb 4 (Reuters) - Finnish engineering group Wartsila WRT1V.HE missed f...Reuters
Wed, Feb 4
Morgan Stanley Raises Near-Term Brent Forecasts
Feb 4 (Reuters) - MORGAN STANLEY:IN NOTE DATED FEB 3, RAISES NEAR-TERM BRENT FORECASTS AS THE GEOPOLITICAL RISK PREMIUM LIKELY PERSISTS FOR A PERIOD, BUT EXPECTS PRICES BELOW $60/ BBL LATER THIS YEAR, MORGAN STANLEY RAISES BRENT PRICE FORECAST TO $62.6/BBL IN Q126SAYS SUPPLY OUTAGES IN KAZAKHSTAN, U...Reuters
Wed, Feb 4
Russia's oil and gas revenue halved in January y/y to lowest since July 2020
Russia's oil and gas revenues halved in January to $5.1 blnDrop driven by lower crude prices and a stronger roubleRussia ran a 2025 budget deficit of 2.6% of GDP MOSCOW, Feb 4 (Reuters) - Russian state oil and gas revenues halved in January compared to the same month of last year, hitting the...Reuters
Wed, Feb 4
Trump's India pact to make big dent in Russian oil revenue
Trump wants India to stop buying Russian oilIndia keeps silent but has reduced importsRussia has cut price of oil, budget suffersUS pressure rises at critical moment in Ukraine peace talks MOSCOW, Feb 4 (Reuters) - Russia faces a steep drop in oil income if U.S. President Donald Trump successfull...Reuters
Wed, Feb 4
Ukraine says it received first 2026 delivery of U.S. LNG
KYIV, Feb 4 (Reuters) - Ukraine's state-owned oil and gas major Naftogaz said on Wednesday that it has received delivery of almost 100 million cubic metres of U.S. LNG, the first such delivery in 2026.In a statement on the company's website, Naftogaz said the LNG was delivered in partnership...Reuters
Wed, Feb 4
EUROPE GAS-Prices rise on lower wind, U.S.-Iran tensions
LONDON, Feb 4 (Reuters) - Benchmark British and Dutch wholesale gas prices rose as concerns heightened again about the escalation of tensions between the United States and Iran, as well as declining wind output.The benchmark Dutch contract for March at the TTF hub TRNLTTFMc1 rose by 2.00 euros to 33...Reuters
Wed, Feb 4
Russia's oil and gas revenue halved in January y/y to lowest since July 2020
MOSCOW, Feb 4 (Reuters) - Russian state oil and gas revenue halved in January year on year to a lowest level since July 2020, reaching 393.3 billion roubles ($5.10 billion), finance ministry data showed on Wednesday, due to lower crude prices and a stronger rouble.The budget revenue was also down la...Reuters
Wed, Feb 4
Metlen to sell UK solar portfolio to Schroders Greencoat
Feb 4 (Reuters) - Metlen MTLN.L has agreed to sell a 283 megawatt (MW) portfolio of UK solar projects to Schroders Greencoat, the Greek energy and metals group said on Wednesday, describing the move as a key step in its global asset rotation strategy.The portfolio comprises seven projects across Eng...Reuters
Wed, Feb 4
Chevron commits to Yoyo-Yolanda gas project straddling Cameroon, Equatorial Guinea
CAPE TOWN, Feb 4 (Reuters) - U.S oil major Chevron CVX.N has renewed its commitment to the development of the Yoyo-Yolanda gas project that straddles the maritime border between Equatorial Guinea and Cameroon, the company said in a statement.In 2023 the two African countries signed a bilateral treat...Reuters
Wed, Feb 4
PRECIOUS-Gold climbs back near $5,100 as US-Iran tensions lift safe-haven demand
Gold extends rally after posting best day since November 2008Silver gains over 6%, platinum group metals up over 5%U.S. shoots down Iranian drone in Arabian Sea - U.S. militaryADP private payroll data due later in the dayBy Ishaan Arora Feb 4 (Reuters) - Gold prices bounced back to hover near $5,...Reuters
Wed, Feb 4
US and Iran to hold nuclear talks in Oman amid heightened tensions, diplomat says
Trump warned 'bad things' could happen if deal not reachedTalks moved to Oman, unclear whether Arab states will joinUS shot down Iran drone that approached aircraft carrierIRGC boats, US-flagged tanker in Strait of Hormuz incident Tensions have escalated since Iran’s crackdown on protests By...Reuters
Wed, Feb 4
METALS-Shanghai copper surges on China's plan to expand strategic reserves
Feb 4 (Reuters) - Shanghai copper rose on Wednesday as investors reacted to China's plan to expand its strategic reserves.The most-active copper contract on the Shanghai Futures Exchange SCFcv1 surged 3.47% to close daytime trading at 105,160 yuan ($15,159.29)a metric ton.The benchmark three-mon...Reuters
Wed, Feb 4
