News
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CK Hutchison unit launches arbitration against Panama over port concession
Feb 4 (Reuters) - Hong Kong's CK Hutchison 0001.HK said on Wednesday that its unit Panama Ports Company has begun international arbitration against the Republic of Panama after the country's Supreme Court struck down the law that enabled its port concession.Reuters
Wed, Feb 4
Britain launches framework to boost advanced nuclear reactor development
By Susanna Twidale LONDON, Feb 4 (Reuters) - Britain unveiled a framework on Wednesday to accelerate development of advanced nuclear reactors, aiming to become a global leader in the next-generation technology.The Labour government has said nuclear plants will play an important role in helping Br...Reuters
Wed, Feb 4
Former US agriculture officials, top Republican senator warn of farm country trouble
By Tom Polansek and P.J. Huffstutter CHICAGO, Feb 3 (Reuters) - The chair of the U.S. Senate's agriculture committee warned on Tuesday that farmers were suffering heavy losses, while more than two dozen former industry leaders sounded the alarm about the risk of a "widespread collapse of ...Reuters
Wed, Feb 4
Mondelez forecasts muted 2026 as price hikes push consumers away
By Neil J Kanatt Feb 3 (Reuters) - Cadbury-parent Mondelez International MDLZ.O expects a subdued year ahead, as price increases are turning away cost‑conscious shoppers who are already wary of rising living costs and macroeconomic uncertainty. Shares of the Chicago-based company were down about ...Reuters
Tue, Feb 3
Goldman, Macquarie lift average 2026 nickel price forecasts on tighter Indonesian supply
Feb 3 (Reuters) - Goldman Sachs and Macquarie on Tuesday raised their average 2026 nickel price forecasts, citing tighter Indonesian ore supply after signals from Indonesia that it plans to curb production. Indonesia’s Energy and Mineral Resources Minister Bahlil Lahadalia sparked a rebound i...Reuters
Tue, Feb 3
US soon to issue general license for oil production in Venezuela, sources say
Could issue license as soon as this week, sources sayTrump wants US firms to invest in Venezuelan productionOilfield services companies want licenses to use equipmentBy Marianna Parraga, Jarrett Renshaw and Valerie Volcovici WASHINGTON/HOUSTON, Feb 3 (Reuters) - The U.S. government is working to ...Reuters
Tue, Feb 3
Suncor Energy beats quarterly profit estimates on higher production
Feb 3 (Reuters) - Canada's Suncor Energy SU.TO beat fourth-quarter profit estimates on Tuesday as higher production helped offset the impact of weak commodity prices. Canadian oil sands producers, including Suncor, have remained resilient despite a global oil industry downturn, as economic ...Reuters
Tue, Feb 3
Russia pounds Ukrainian energy in diplomatic snub, Zelenskiy says
Zelenskiy says Russia flouts US-backed energy ceasefireTrump said Putin kept word on 'Sunday to Sunday' truceUkrainian leader seeks US reaction to Russian attacksKyiv says Moscow fired record number of ballistic missilesStrikes hit energy facilities before new peace talksBy Dan Peleschuk and...Reuters
Tue, Feb 3
CANADA-CRUDE-Discount on Western Canada Select widens
Feb 3 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 widened on Tuesday.WCS for March delivery in Hardisty, Alberta, settled at $14.80 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, compared with $1...Reuters
Tue, Feb 3
US Plains HRW Wheat-Basis bids flat to higher as futures fall
CHICAGO, Feb 3 (Reuters) - Basis bids for hard red winter wheat were flat to higher in the U.S. Southern Plains on Tuesday as futures ticked slightly lower. There was limited farmer selling, dealers said, though the extreme cold of last week had eased.Snow cover largely protected the crop from wint...Reuters
Tue, Feb 3
CIF/FOB Gulf Grain-Corn basis bids up, soybean slips as empty barge freight rates stay high
CHICAGO, Feb 3 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast export terminals turned lower and basis bids for corn barges firmed on Tuesday, as cold weather and icy conditions on interior rivers continued to create navigation headaches, traders said.Chicago grain Cv1, Wv1 a...Reuters
Tue, Feb 3
Suncor Energy beats fourth-quarter estimates
Feb 3 (Reuters) - Canada's Suncor Energy SU.TO beat fourth-quarter profit estimates on Tuesday, as the integrated oil and gas firm benefited from higher oil production.The company reported an adjusted profit of C$1.10 per share for the quarter ended December 31, compared with the analysts' a...Reuters
Tue, Feb 3
Oil prices climb 2% after US shoots down Iranian drone, worries about armed boats
Oil prices rise after US-Iran tensions escalateUS-India trade deal raises hopes for global energy demandRussia-Ukraine conflict impacts oil prices, sanctions remainBy Scott DiSavino NEW YORK, Feb 3 (Reuters) - Oil prices climbed about 2% on Tuesday after the U.S. shot down an Iranian drone an...Reuters
Tue, Feb 3
US Cash Crude- Grades rise as domestic crude stocks drop sharply
HOUSTON, Feb 3 (Reuters) - Grades rose on Tuesday, dealers said, after domestic crude stocks plummeted. Crude stocks fell by 11.08 million barrels in the week ended January 30, market sources said, citing American Petroleum Institute figures on Tuesday.Gasoline inventories rose by 4.74 million barre...Reuters
Tue, Feb 3
Marathon Petroleum buys Venezuelan crude for US refineries
By Nicole Jao NEW YORK, Feb 3 (Reuters) - Marathon Petroleum MPC.N said it bought two cargoes of Venezuelan crude oil at the end of January and expects its refineries to process more heavy grades, company executives said during a post-earnings call on Tuesday.U.S. refiners are expected to benefit...Reuters
Tue, Feb 3
Iran demands changes in venue and scope of talks with US, source says
Talks between Iran and the US were to resume in Turkey on FridaySource says Iran wants to restrict talks to nuclear fileKushner due to take part alongside Witkoff, second source saysIranian source says defensive capabilities are non-negotiable By Parisa Hafezi, Humeyra Pamuk and Idrees Ali DUBAI/...Reuters
Tue, Feb 3
ChatGPT back up after a brief outage, Downdetector shows
Feb 3 (Reuters) - ChatGPT was back online after a brief outage for thousands of users in the U.S. on Tuesday, according to outage tracking website Downdetector.com.At the peak of the disruption, more than 13,000 users reported problems with the chatbot, before reports fell to 309 as of 4:33 p.m. ET,...Reuters
Tue, Feb 3
US approves license for Texas deepwater oil export port
By David Shepardson and Arathy SomasekharWASHINGTON, Feb 3 (Reuters) - The U.S. Transportation Department on Tuesday approved a license for oil transportation and storage company Sentinel Midstream's planned deepwater oil export project off the Texas coast.Transportation Secretary Sean Duffy sai...Reuters
Tue, Feb 3
