News
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EU wheat edges down from two-month peak
PARIS, Feb 3 (Reuters) - European wheat futures ticked down on Tuesday from a two-month high as the euro regained ground against the dollar and traders assessed volatility in wider commodity markets.March milling wheat BL2H6, the most active position on Euronext's Paris-based futures market, set...Reuters
Tue, Feb 3
US soon to license expanded oil production in Venezuela, sources say
WASHINGTON, Feb 3 (Reuters) - The U.S. government is working to issue as early as this week a general license allowing companies to produce oil and gas in Venezuela, as the Trump administration seeks to expand output from the OPEC nation, three sources close to the matter told Reuters.Reuters
Tue, Feb 3
Commonwealth LNG Announces 20-Year LNG Sale And Gas Supply Agreements With Mercuria
Feb 3 (Reuters) - Commonwealth LNG:COMMONWEALTH LNG ANNOUNCES 20-YEAR LNG SALE AND GAS SUPPLY AGREEMENTS WITH MERCURIACOMMONWEALTH LNG - TO PROVIDE 1 MILLION TONNES PER ANNUM OF LNG FOR 20 YEARS FROM EXPORT FACILITY IN CAMERON, LOUISIANAReuters
Tue, Feb 3
Knight Vinke founder says his fund can't invest in uncertain US under Trump
Rule of law not applied uniformly in US, fund's CEO saysKnight Vinke wants UK utility SSE to scale up offshore windEric Knight says to meet with SSE executives in early 2026By Simon Jessop and Susanna Twidale LONDON, Feb 3 (Reuters) - Eric Knight said his hedge fund cannot invest in the Unite...Reuters
Tue, Feb 3
Glencore halts major Quebec smelter investment over emissions rules dispute
Feb 3 (Reuters) - Glencore GLEN.L said on Tuesday it has suspended nearly $1 billion of planned investments at Horne Smelter, Canada's largest copper metal-producing operation, after failing to secure regulatory certainty from the provincial government of Quebec.Glencore was planning to close th...Reuters
Tue, Feb 3
Europe Gasoline/Naphtha-Gasoline refining margins slip
LONDON, Feb 3 (Reuters) - Northwest European gasoline refinery profit margins fell on Tuesday by $1.40 to about $6.54 a barrel, weighed down by a rise in underlying crude prices.About 14,000 metric tons of Eurobob E10 gasoline traded on barges in the Argus window, with Phillips 66 and Shell selling ...Reuters
Tue, Feb 3
METALS-Copper rebounds on China stockpiling and stronger risk sentiment
By Eric Onstad LONDON, Feb 3 (Reuters) - Copper prices rebounded on Tuesday after news that China plans to boost stockpiles of the metal and as risk sentiment rekindled among global investors.Benchmark three-month copper CMCU3 on the London Metal Exchange gained 4.1% to $13,418 a metric ton by 17...Reuters
Tue, Feb 3
Brazil mining lobby Ibram boosts investment outlook after strong 2025
By Roberto SamoraSAO PAULO, Feb 3 (Reuters) - Brazilian mining industry association Ibram on Tuesday raised its five-year investment forecast for the sector by 12.5% from last year's estimate, as higher spending is expected in copper, fertilizer and critical-mineral projects.Ibram represents com...Reuters
Tue, Feb 3
US refiners struggle to absorb sudden surge in Venezuelan oil imports
Venezuelan crude exports rose sharply in JanuarySome US refiners say oil cargoes on offer are too expensiveIndia may be possible buyer for excess crudeBy Marianna Parraga and Shariq Khan HOUSTON/NEW YORK, Feb 3 (Reuters) - Oil refiners on the U.S. Gulf Coast are struggling to absorb a rapid surge...Reuters
Tue, Feb 3
Iranian gunboats approached U.S.-flagged tanker in Strait of Hormuz
Feb 3 (Reuters) - Three pairs of Iranian gunboats approached a U.S.-flagged tanker in the Strait of Hormuz north of Oman, maritime sources and a security consultancy said on Tuesday. The tanker, the Stena Imperative, "did not enter Iranian internal territorial waters" and was escorted by ...Reuters
Tue, Feb 3
US issues proposed rule for clean fuel tax credit
Feb 3 (Reuters) - The U.S. Treasury Department on Tuesday issued a proposed rule governing how biofuel makers can access a $1-per-gallon tax credit for low-carbon transportation fuels, including aviation fuel.The rule was welcomed by biofuel trade groups that said the plan could provide more certain...Reuters
Tue, Feb 3
PRECIOUS-Gold set for biggest daily gain since 2008; silver also rebounds
Gold jumps over 5%, silver up over 9%Analyst sees gold resuming longer‑term riseNo US employment report on Friday due to partial government shutdownBy Anmol Choubey Feb 3 (Reuters) - Gold and silver prices rebounded sharply on Tuesday after a steep selloff over the previous two sessions and the b...Reuters
Tue, Feb 3
Refiner Phillips 66 can process 250,000 bpd of Venezuelan crude, CEO says
By Georgina McCartney and Sheila Dang HOUSTON, Feb 3 (Reuters) - U.S. refiner Phillips 66 PSX.N can process around 250,000 barrels per day of Venezuelan crude, CEO Mark Lashier said at a conference in Houston on Tuesday. The price for Venezuelan crude does, however, have to be competitive, and Ve...Reuters
Tue, Feb 3
Refiner Phillips 66 can process 250,000 bpd of Venezuelan crude, CEO says
HOUSTON, Feb 3 - U.S. refiner Phillips 66 PSX.N can process around 250,000 barrels per day of Venezuelan crude, CEO Mark Lashier said at a conference in Houston on Tuesday. The price for Venezuelan crude does however have to be competitively priced, Lashier added.Reuters
Tue, Feb 3
Marathon Petroleum to operate refineries at 85% of combined capacity in Q1
NEW YORK, Feb 3 (Reuters) - Marathon Petroleum MPC.N plans to operate its 13 refineries at 85% of their combined 3-million barrel-per-day (bpd) capacity in the first quarter of 2026, said Maria Khoury, the refiner's new chief financial officer, during a Tuesday conference call.Reuters
Tue, Feb 3
China warns Panama of 'heavy prices' to pay after CK Hutchison contract quashed
BEIJING, Feb 3 (Reuters) - China warned Panama on Tuesday there would be "heavy prices" to pay after a court ruling there annulled Hong Kong-based CK Hutchison's 0001.HK contract to operate two ports at the Panama Canal.China's Hong Kong and Macau Affairs Office called the ruling by ...Reuters
Tue, Feb 3
