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EXCLUSIVE-Citgo struggles with long-term direction as sale process remains frozen, sources say
Court's sale order remains unexecuted, pending OFAC approvalCitgo prevented from making material changes that could alter company's value, sources say Amber plunging itself into refiner's decision-making, sources sayBy Marianna Parraga and Sheila Dang HOUSTON, Feb 10 (Reuters) - U.S. ...Reuters
Tue, Feb 10
Europe Gasoline/Naphtha-Gasoline refining margins rise
LONDON, Feb 10 (Reuters) - Northwest European gasoline refinery profit margins rose by $1.11 on Tuesday to about $9.78 a barrel.About 4,000 tons of E5 gasoline barges traded in the Argus window on Tuesday.No Eurobob E10 gasoline barges traded. Meanwhile, EU-27 and UK gasoline and blending component ...Reuters
Tue, Feb 10
PRECIOUS-Gold drops as investors brace for US jobs and inflation numbers
US retail sales unexpectedly flat in DecemberNonfarm payrolls data due WednesdayUS job gains could be lower in coming months, Hassett saysBy Anmol Choubey Feb 10 (Reuters) - Gold fell more than 1% on Tuesday as the market consolidated ahead of U.S. jobs and inflation data that could offer further...Reuters
Tue, Feb 10
Gold dips but holds $5,000 as US Dollar recovers on soft data
Gold price turns negative during Tuesday’s session, even though worse than expected data in the US pushed investors to trim US Dollar shorts, pushing the yellow metal lower, but remaining above the $5,000 threshold. At the time of writing, XAU/USD trades with losses of 0.72% at $5,022.
Fxstreet
Tue, Feb 10
U.S. will have to do 'something very tough' if no deal reached with Iran, says Trump
CAIRO, Feb 10 (Reuters) - The United States will have to do "something very tough" if a deal is not reached with Iran, President Donald Trump told Israel's Channel 12 in an interview published online on Tuesday."Either we reach a deal or we'll have to do something very tough,"...Reuters
Tue, Feb 10
WTI Oil declines as US-Iran talks ease tensions, supply data awaited
West Texas Intermediate (WTI) US Oil trades around $63.90 per barrel on Tuesday, down 0.43% on the day at the time of writing. The Crude Oil remains under pressure as concerns about potential supply disruptions in the Middle East have partly faded.
Fxstreet
Tue, Feb 10
US natgas output to hit record high in 2026, while demand holds steady, EIA says
EIA forecasts higher natural gas production in 2026 and 2027Gas prices rose sharply in January due to winter stormEIA projects decline in coal production and carbon emissions by 2027By Scott DiSavinoNEW YORK, Feb 10 (Reuters) - U.S. natural gas output will rise to a record high in 2026, while demand...Reuters
Tue, Feb 10
Mexican miners' alleged kidnappers thought they were rival group, government says
By Brendan O'Boyle Feb 10 (Reuters) - A group of 10 miners kidnapped in northern Mexico last month may have been mistaken for members of a rival criminal group, Mexico's security minister said on Tuesday, after authorities questioned initial suspects in the case. Authorities in the violen...Reuters
Tue, Feb 10
Venezuelan oil output could return to pre-blockade level by mid-2026, EIA says
Expanded US license to help ease Venezuela output shut-ins - EIAVenezuela was producing up to 1.2 million bpd before US naval blockadeGlobal oil output growth to outpace demand through 2027 - EIABrent crude prices to average about $57.69/bbl this year - EIABy Shariq Khan NEW YORK, Feb 10 (Reuters...Reuters
Tue, Feb 10
EU wheat steadies after fall as euro dips against the dollar
PARIS, Feb 10 (Reuters) - European wheat futures steadied on Tuesday, recovering from their lowest in nearly two weeks, helped by a pause in the euro's gains against the dollar.March milling wheat BL2H6 on Paris-based Euronext settled unchanged from the previous close at 189.50 euros ($225.52) a...Reuters
Tue, Feb 10
Mexican billionaire Slim's Grupo Carso confirms Pemex contract for Macavil gas field
MEXICO CITY, Feb 10 (Reuters) - Mexican billionaire Carlos Slim's Grupo Carso confirmed on Tuesday that it had signed a contract with state energy company Pemex to develop the onshore Macavil field in southern Mexico, focusing on condensate and natural gas.Reuters reported last week that Pemex, ...Reuters
Tue, Feb 10
Production at Codelco's El Teniente mine to remain at lower level next 5 years, executive says
By Kylie Madry SANTIAGO, Feb 10 (Reuters) - Output at Codelco's El Teniente mine, the site of a deadly accident last year that has hit production, will be depressed for about the next five years, mine head Claudio Sougarret said on Tuesday.The mine expects to produce 301,000 metric tons of th...Reuters
Tue, Feb 10
US LNG imports made up almost half of Spain's gas supply in January
MADRID, Feb 10 (Reuters) - Liquefied natural gas from the United States made up 44.4% of Spain's total gas imports in January, a sharp increase from the same month last year, data showed on Tuesday.The U.S. has become Europe's dominant supplier of LNG as the region pushed to phase out energy...Reuters
Tue, Feb 10
CORRECTED-EU wheat steadies after fall, with USDA data in focus
PARIS, Feb 10 (Reuters) - European wheat futures edged higher on Tuesday to recover from a near two-week low, helped by a pause in the euro's gains against the dollar and adjustments by traders before a closely tracked U.S. Department of Agriculture world crop report.March milling wheat BL2H6 on...Reuters
Tue, Feb 10
Venezuela oil output could return to pre-blockade level by mid-2026, EIA says
NEW YORK, Feb 10 (Reuters) - Expanded U.S. licenses for Venezuela-related deals are expected to restore the South American country's oil production by mid-2026 to the level it was at prior to a U.S. naval blockade of the country in December, the U.S. Energy Information Administration said on Tue...Reuters
Tue, Feb 10
US natgas output to hit record high in 2026, while demand holds steady, EIA says
By Scott DiSavinoNEW YORK, Feb 10 (Reuters) - U.S. natural gas output will rise to a record high in 2026, while demand will hold steady, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday.EIA projected dry gas production will rise from a record 1...Reuters
Tue, Feb 10
Duke Energy raises five-year capital expenditure plan to $103 billion as more US data centers sign on
By Tanay Dhumal and Laila Kearney Feb 10 (Reuters) - Duke Energy DUK.N raised its five-year spending plan on power infrastructure to $103 billion, an 18 percent jump from the last iteration of what has become the largest capital expenditure plan for any U.S. regulated electric utility, the co...Reuters
Tue, Feb 10
US Plains HRW Wheat-Basis bids unchanged ahead of expected rains
CHICAGO, Feb 10 (Reuters) - Basis bids for hard red winter wheat were steady in the U.S. Plains on Tuesday as farmers shied away from selling ahead of rain showers expected over the weekend.Farmer activity has slowed as producers seek to procure fertilizer and apply it ahead of weekend showers so th...Reuters
Tue, Feb 10
PRECIOUS-Gold drops as investors brace for US jobs and inflation numbers
US retail sales unexpectedly flat in DecemberNonfarm payrolls data due WednesdayUS job gains could be lower in coming months, Hassett saysBy Anmol Choubey Feb 10 (Reuters) - Gold fell more than 1% on Tuesday as the market consolidated ahead of U.S. jobs and inflation data that could offer fur...Reuters
Tue, Feb 10
