News
Important Only
Oil production at giant Tengiz field in Kazakhstan is gradually rising after outage, Interfax reports
MOSCOW, Feb 17 (Reuters) - Oil production at the giant Chevron-led CVX.N Tengiz field in Kazakhstan is gradually increasing after a suspension in January, Russian news agency Interfax reported on Tuesday, citing the Tengizchevroil consortium that operates it.Tengiz, which accounts for around 40% of ...Reuters
Tue, Feb 17
Iran to close parts of Hormuz Strait for few hours during military drill, Fars news agency says
DUBAI, Feb 17 (Reuters) - Parts of the Strait of Hormuz will close for a few hours on Tuesday due to 'security precautions' for shipping safety, semi-official Fars news agency reported, as the Revolutionary Guards conduct military drills in the waterway.The strait is the world's most vit...Reuters
Tue, Feb 17
Oil production at giant Tengiz field in Kazakhstan is gradually rising after suspension, Ifax reports
MOSCOW, Feb 17 (Reuters) - Oil production at the giant Chevron-led CVX.N Tengiz field in Kazakhstan is gradually increasing after a suspension in January, Russian news agency Interfax reported on Tuesday, citing Tengizchevroil (TCO).Reuters
Tue, Feb 17
Builders FirstSource Q4 sales miss due to commodity deflation
OverviewBuilding materials supplier's Q4 net sales fell 12.1%, missing analyst expectationsAdjusted EPS for Q4 missed analyst expectationsCompany attributes sales decline to below-normal starts environment and commodity deflationOutlookCompany projects 2026 net sales between $14.8 bln and $15.8 ...Reuters
Tue, Feb 17
RPT-ROI-'Global euro' may have to come with some FX lift: Mike Dolan
By Mike Dolan LONDON, Feb 17 (Reuters) - As American and European policymakers know well, global currency dominance and exchange rate movement are different things. But there's a decent argument that Europe's push to widen euro usage necessarily involves some revaluation of the single cur...Reuters
Tue, Feb 17
Slovakia's Slovnaft has asked for release of state reserves amid Druzhba halt
Feb 17 (Reuters) - Slovakia's Slovnaft refinery, owned by Hungary's MOL MOLB.BU, has asked for the release of part of state oil reserves to secure supplies to the Slovak market amid a halt in supplies through the Druzhba pipeline, the state reserves administration (SHRSR) said in a statement...Reuters
Tue, Feb 17
Russia pummels Ukraine's power grid before talks
KYIV, Feb 17 - Russian forces pounded Ukrainian power infrastructure before a new round of peace talks, killing three energy workers and leaving tens of thousands of people without power and heat, officials said on Tuesday.President Volodymyr Zelenskiy condemned the overnight strikes on 12 Ukrainian...Reuters
Tue, Feb 17
Fire after drone attack on fuel reservoir at Russian port of Taman is extinguished, authorities say
MOSCOW, Feb 17 (Reuters) - Local authorities in Russia's Krasnodar region said on Tuesday that a fire at an oil product reservoir in the Black Sea port of Taman had been extinguished.Regional authorities said earlier on Tuesday that the fuel reservoir had been damaged by a drone attack.Reuters
Tue, Feb 17
PRECIOUS-Gold slips to one-week low as safe-haven buying stalls, dollar strengthens
U.S.-Iran hold nuclear talks on TuesdayU.S. dollar rises ahead of FOMC minutes due on WednesdayDecember PCE data due on FridayBy Pablo Sinha Feb 17 (Reuters) - Gold prices fell to a more than one-week low on Tuesday, pressured by a stronger dollar as investors tracked cues on geopolitics and the...Reuters
Tue, Feb 17
KGHM Extends Copper Supply Agreement With Denmark's NKT Until 2036
Feb 17 (Reuters) - KGHM Polska Miedz SA KGH.WA:EXTENDS COPPER SUPPLY AGREEMENT WITH NKT UNTIL 2036ESTIMATES EXTENDED AGREEMENT VALUE AT EUR 5.4 BILLION TO EUR 7 BILLION FOR 2028-2036Source: https://tinyurl.com/2p37wcjrReuters
Tue, Feb 17
BREAKINGVIEWS-BHP boss makes gutsy case to have cake and eat it
By Antony Currie MELBOURNE, Feb 17 (Reuters Breakingviews) - Who needs a mega-merger? On Thursday, CEO Mike Henry made the case for why BHP BHP.AX doesn't, pointing not least to a 22% increase in underlying earnings delivered in the six months to the end of December. Those numbers solidly bac...Reuters
Tue, Feb 17
Russia launched 'massive strike' on Ukraine's military and energy facilities, Ifax reports
MOSCOW, Feb 17 (Reuters) - The Russian Defence Ministry said it had carried out a "massive strike" on Ukraine's military-industrial and energy facilities, Interfax news agency reported on Tuesday as the two countries prepared to resume peace talks in Geneva.Ukraine's air force said e...Reuters
Tue, Feb 17
Fire at Russia's Ilsky refinery after drone attack, officials say
MOSCOW, Feb 17 (Reuters) - A fire broke out at the Ilsky refinery in Russia's Krasnodar region after a drone attack, local authorities said on Tuesday, adding that a reservoir with oil products was damaged. Ukraine earlier this month resumed attacks on Russian energy infrastructure as the U.S.-b...Reuters
Tue, Feb 17
Kremlin aide warns West over seizure of Russian vessels
US seized Russian-flagged oil tanker in JanuaryPatrushev: navy is main guarantee of safe navigationBy Guy Faulconbridge MOSCOW, Feb 17 (Reuters) - Russia could deploy its navy to prevent European powers from seizing its vessels and may retaliate against European shipping if Russian ships are take...Reuters
Tue, Feb 17
Drone attack sets fuel reservoir on fire at Russia's port of Taman
MOSCOW, Feb 17 (Reuters) - An oil product reservoir caught fire in Volna village, the site of Russian Black Sea port of Taman, following a drone attack, regional authorities said on Tuesday via Telegram messaging app.Taman, which handles oil products, grain, coal and commodities, was also targeted b...Reuters
Tue, Feb 17
PRECIOUS-Gold slides over 2% on strong dollar in light liquidity trade
Gold touches its lowest since February 6U.S.-Iran nuclear talks set for TuesdayU.S. dollar rises ahead of FOMC minutes due on WednesdayBy Pablo Sinha Feb 17 (Reuters) - Gold dropped more than 2% on Tuesday, as holidays in major markets hit liquidity, while a stronger dollar and easing geopolitic...Reuters
Tue, Feb 17
WTI Oil hesitates above $63.00 with geopolitics on the spotlight
Crude Oil prices are ticking lower in quiet markets on Tuesday, but remain steady within February’s trading range with all eyes on the US-Iran talks. The US Benchmark WTI has pulled back from Monday’s highs at $63.70 but remains above $63.00 at the time of writing.
Fxstreet
Tue, Feb 17
