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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
Champion Homes Q3 revenue beats expectations
OverviewFactory-built housing producer's fiscal Q3 revenue rose 1.8%, beating analyst expectationsAdjusted EPS for fiscal Q3 beat analyst expectationsCompany repurchased $50 mln of shares under the share repurchase programOutlookChampion Homes did not provide specific financial guidance for futu...Reuters
Tue, Feb 3
Bleach maker Clorox's Q2 revenue beats estimates
OverviewConsumer goods firm's fiscal Q2 revenue beat analyst expectations despite a 1% declineAdjusted EPS for fiscal Q2 missed analyst expectationsOutlookClorox maintains fiscal year 2026 net sales outlook to decrease 6% to 10%Company expects fiscal year 2026 adjusted EPS between $5.95 and $6.3...Reuters
Tue, Feb 3
Mondelez beats fourth-quarter revenue estimates
Feb 3 (Reuters) - Cadbury-parent Mondelez International MDLZ.O beat Wall Street estimates for fourth-quarter revenue on Tuesday, aided by steady consumer demand for its pricey chocolates and snacks.The company reported net revenue of $10.50 billion for the quarter, compared with analysts' averag...Reuters
Tue, Feb 3
Mexico to send US minimum water volume per year, US officials say
By Jasper Ward and Brendan O'Boyle WASHINGTON/MEXICO CITY, Feb 3 (Reuters) - Mexico has agreed to deliver at least 350,000 acre-feet of water per year to the United States, the U.S. secretaries of state and agriculture said in a joint statement on Tuesday, after U.S. and Mexican officials met...Reuters
Tue, Feb 3
Commonwealth LNG strikes 20-year supply deal with Mercuria as US pushes LNG export growth
Mercuria to supply 133 million cubic feet of gas daily to CommonwealthCommonwealth aims to build first integrated LNG export facility in U.S.Commonwealth close to financial decision with 7 mtpa secured in agreementsBy Curtis Williams and Pranav Mathur Feb 3 (Reuters) - Commonwealth LNG said on T...Reuters
Tue, Feb 3
