News
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Mubadala Energy completes acquisition of 15% stake in Eni's Nargis concession
Feb 19 (Reuters) - Abu Dhabi-based Mubadala Energy has completed its acquisition of a 15% participating interest in the offshore Mediterranean Nargis concession from Italy's Eni ENI.MI, the UAE's state news agency WAM reported on Thursday.Eni, through its subsidiary IEOC, holds a 30% stake, ...Reuters
Thu, Feb 19
Singapore fuel oil inventories hit three-week low
SINGAPORE, Feb 19 (Reuters) - Singapore onshore fuel oil inventories fell to their lowest level in three weeks, with imports slowing after a jump in the previous week, data showed on Thursday. Inventories fell 0.8% to around 22.52 million barrels (about 3.55 million metric tons) in the week to Febr...Reuters
Thu, Feb 19
Turkey says Greece-Chevron activity off Crete unlawful
ANKARA, Feb 19 (Reuters) - Turkey said on Thursday it opposed Greece's "unilateral activities" in hydrocarbon fields south of Crete with a consortium led by U.S. oil major Chevron CVX.N as a violation of international law and good neighbourly relations.The Chevron-led consortium signed e...Reuters
Thu, Feb 19
Mubadala energy completes acquisition of 15% stake in Eni's Nargis offshore concession in Egypt
Feb 19 (Reuters) - Abu Dhabi-based Mubadala Energy completed its acquisition of a 15% participating interest in the offshore Mediterranean Nargis concession from Italy's Eni ENI.MI, UAE's state news agency WAM reported on Thursday.Reuters
Thu, Feb 19
SOCAR and Gran Tierra Energy sign deal for oil exploration and production in Azerbaijan
BAKU, Feb 19 (Reuters) - Azerbaijan's state oil company SOCAR and Canada-based Gran Tierra Energy Inc. have signed an exploration, development and production-sharing agreement for a prospective onshore area in Azerbaijan’s Guba–Khazaryany region, SOCAR said.It said Gran Tierra Energy will hold ...Reuters
Thu, Feb 19
PRECIOUS-Gold advances on US–Iran tensions as markets weigh Fed policy path
Weekly jobless claims data due at 1330 GMTUS PCE data due on FridayFed minutes show officials grappling with policy splitUS-Iran still distant on some issues, White House saysBy Pablo Sinha Feb 19 (Reuters) - Gold prices extended gains on Thursday after rising more than 2% in the previous sessio...Reuters
Thu, Feb 19
Discount for Russia's Urals crude oil is deepest since 2023, data shows
Reuters data indicates Urals Primorsk FOB at $44.14/bblRussia cuts oil prices to attract demandRussia's 2025 oil and gas revenues fell 24% MOSCOW, Feb 19 (Reuters) - Russia's flagship Urals oil blend is being sold from its Baltic ports at the deepest discounts for around three years compa...Reuters
Thu, Feb 19
Gold Fields To Distribute US$353 Million In Additional Returns
Feb 19 (Reuters) - Gold Fields Ltd GFIJ.J:JSE: GFI - REVIEWED FINANCIAL RESULTS, FINAL & SPECIAL DIVIDEND DECLARATION FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2023GOLD FIELDS LTD: GOLD FIELDS WILL DISTRIBUTE US$353 MILLION IN ADDITIONAL RETURNSGOLD FIELDS LTD: FY GOLD-EQUIVALENT-ATTRIBUTABLE 2,4...Reuters
Thu, Feb 19
TECHNICALS-CBOT corn may retest support at $4.26
SINGAPORE, Feb 19 (Reuters) - CBOT March corn CH26 may retest support at $4.26 per bushel, a break below which could open the way toward $4.23-1/4 to $4.24-1/4 range.A wave c from $4.32-3/4 has briefly travelled below its 61.8% projection level of $4.26. Chances are this wave may extend to the 100% ...Reuters
Thu, Feb 19
Drax Group Announces Tolling Agreement For 200MW Of BESS
Feb 19 (Reuters) - Drax Group PLC DRX.L:DRAX GROUP PLC - TOLLING AGREEMENT FOR 200MW (800MWH) OF BESSDRAX GROUP PLC - TOLLING AGREEMENT FOR 200MW (800MWH) OF BESSDRAX GROUP PLC: PROTECTED GRID CONNECTION, TARGETING A COMMERCIAL OPERATION DATE (COD) IN 2028DRAX GROUP PLC - 15-YEAR TOLLING AGREEMENT...Reuters
Thu, Feb 19
TABLE-North Sea gas maintenance schedule
Feb 19 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
Thu, Feb 19
Discount for Russia's Urals deepens to $28 in the Baltic - biggest since 2023 peak, Kommersant says
MOSCOW, Feb 19 (Reuters) - The discount to Brent for Russia's flagship Urals oil blend in the Baltic Sea has widened to $28 per barrel, the highest level seen since a peak in April 2023, the Kommersant newspaper reported on Thursday citing data from Argus.The discounts for Russian oil, forced by...Reuters
Thu, Feb 19
PRECIOUS-Gold gains as US-Iran tension drives safe-haven demand
US PCE data due on FridayFed minutes show officials grappling with policy splitRussian Foreign Minister warns against US strike on IranBy Pablo Sinha Feb 19 (Reuters) - Gold prices edged up on Thursday after rising more than 2% a day earlier, as persisting geopolitical tensions between the U.S. ...Reuters
Thu, Feb 19
Valero Houston, Texas Refinery Reports Maintenance Activities
Feb 19 (Reuters) - VALERO ENERGY CORP VLO.N:REPORTS MAINTENANCE ACTIVITIES AT HOUSTON, TEXAS REFINERYSAYS MAY REQUIRE USE OF SAFETY FLARE SYSTEM TO SAFELY BURN OFF EXCESS MATERIAL AND MINIMIZE POTENTIAL EMISSIONSSAYS NO IMPACT TO COMMUNITY IS ANTICIPATEDSOURCE: COMMUNITY ALERTREFINERY CAPACITY: 205,...Reuters
Thu, Feb 19
Canada's Teck Resources beats Q4 revenue, EPS estimates
OverviewCanada mining firm's Q4 revenue rose, beating analyst expectationsAdjusted EPS for Q4 beat analyst expectationsCompany advanced merger with Anglo American, securing shareholder and regulatory approvalsOutlookTeck reaffirms 2026 guidance for copper and zinc production and costsTeck expect...Reuters
Thu, Feb 19
Indonesia, US firms sign $38.4 billion in trade, investment deals
Trump, Prabowo to sign full trade pact on Thursday in WashingtonIndonesia to purchase US soybeans, corn, wheat, cotton, wood productsDeals include cooperation on critical minerals, semiconductor ventures Indonesia to extend Freeport's Grasberg permit for mine lifetimeBy David Lawder WASHINGTO...Reuters
Thu, Feb 19
Canada's Fortuna Silver Mines Q4 sales rise, beat expectations on rising metal prices
OverviewCanada precious metals miner's Q4 sales rose, beating analyst expectationsAdjusted net income for Q4 rose, driven by higher realized gold pricesCompany expanded mineral reserves at Séguéla by 31%, extending mine lifeOutlookFortuna expects Séguéla plant expansion study results in Q2 2026C...Reuters
Thu, Feb 19
