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Generation outages to surge on largest US electric grid
By Tim McLaughlinFeb 3 (Reuters) - Power plant outages on the largest U.S. electric grid on Tuesday were forecast to surge nearly 30% from a day earlier amid an extended cold snap that has snarled fuel supplies for gas and coal-fired generators.The PJM Interconnection, which manages the supply of el...Reuters
Tue, Feb 3
PRECIOUS-Gold set for biggest daily gain since 2008 as investors rush back after selloff
Gold jumps over 5%, silver up over 9%Gold, silver fell to one-month lows on MondayNo US employment report on Friday due to partial government shutdownBy Noel John Feb 3 (Reuters) - Gold and silver prices rose sharply on Tuesday, with bullion set for its biggest daily rise since November 2008, as ...Reuters
Tue, Feb 3
Natura Resources And NGL Energy Partners To Scale Produced Water Treatment With Small Modular Nuclear Reactors In The Permian Basin
Feb 3 (Reuters) - NGL Energy Partners LP NGL.N:NATURA RESOURCES PARTNERS WITH NGL ENERGY PARTNERS TO ENABLE LARGE-SCALE PRODUCED WATER TREATMENT WITH SMALL MODULAR NUCLEAR REACTORS IN THE PERMIAN BASINNGL ENERGY PARTNERS LP - NATURA EXPECTS TO DEPLOY FIRST 100-MW REACTOR IN 2029Reuters
Tue, Feb 3
Indonesia imports Russian Sakhalin crude in December and January, data shows
SINGAPORE, Feb 3 (Reuters) - Indonesia imported two cargoes of Russian oil in December and January, ship tracking data showed on Tuesday, rare purchases by the Southeast Asian country and a possible signal of Russian oil sellers seeking new markets in response to international pressure on other buye...Reuters
Tue, Feb 3
India, US to share details of trade deal after completing technical processes
NEW DELHI, Feb 3 (Reuters) - India and the United States will put out a joint statement on their trade deal soon and share details of the agreement after a "final understanding" is inked and technical processes are completed, Indian trade minister Piyush Goyal said on Tuesday.Reuters
Tue, Feb 3
Power grid delays challenge Amazon's data center expansion in Europe
By Kate Abnett BRUSSELS, Feb 3 (Reuters) - Long delays to get power grid connections are challenging Amazon's AMZN.O plans to expand data centers in Europe, the company told Reuters, as industries ramp up pressure on policymakers to upgrade ageing energy grids.Energy-intensive industries have...Reuters
Tue, Feb 3
Orsted offloads European onshore renewables to firm up finances
Bolsters balance sheet as Trump battles offshore projectsPart of pivot back to offshore wind in EuropeComes day after US court lifted freeze on Sunrise WindOrsted continues to own and operate US onshore businessBy Stine Jacobsen COPENHAGEN, Feb 3 (Reuters) - Danish wind farm operator Orsted said ...Reuters
Tue, Feb 3
Mueller Industries Q4 net sales rise on higher pricing
OverviewIndustrial goods maker's fiscal Q4 net sales rose 4.2% yr/yrDiluted EPS for fiscal Q4 increased 14% yr/yrCompany achieved record annual operating and net income despite market challengesOutlookMueller Industries anticipates improvements in market conditions throughout 2026Company plans t...Reuters
Tue, Feb 3
Chinese metal exchanges step up interventions as prices swing
By Dylan Duan, Samuel Shen and Lewis JacksonSHANGHAI/BEIJING, Feb 3 (Reuters) - Chinese commodity exchanges raised margin requirements across a number of metals contracts this week, the latest moves in a more than two-month campaign by Chinese exchanges to rein in huge price swings in the assets. ...Reuters
Tue, Feb 3
Siemens Energy CEO: wind spin-off idea valid, but turnaround comes first
By Christoph Steitz and Laila Kearney FRANKFURT/NEW YORK, Feb 3 (Reuters) - Siemens Energy's ENR1n.DE CEO said on Tuesday it was reasonable for activist investor Ananym Capital to push for a spin-off of the firm's loss-making wind turbine division, but added the unit must first be stabili...Reuters
Tue, Feb 3
Marathon Petroleum Q4 revenue and EPS beat estimates
OverviewEnergy company's Q4 revenue and adjusted EPS beat analyst expectationsRefining & Marketing segment Q4 adjusted EBITDA rises, driven by higher crack spreadsCompany returned $1.3 bln of capital to shareholders in Q4OutlookMarathon Petroleum projects 2026 standalone capital spending at ...Reuters
Tue, Feb 3
Poland's BGK Grants KGHM A Loan Of 209 Mln Zlotys For Construction Of Photovoltaic Installations
Feb 3 (Reuters) - KGHM Polska Miedz SA KGH.WA:POLAND'S BGK GRANTS COMPANY A LOAN OF 209 MILLION ZLOTYSLOAN TO FINANCE CONSTRUCTION OF FOUR PHOTOVOLTAIC INSTALLATIONS WITH A TOTAL CAPACITY OF 94 MWLOAN GRANTED UNDER NATIONAL RECOVERY AND RESILIENCE PLANSource text: [https://shorturl.at/KDl7c]Reuters
Tue, Feb 3
Gold poised for new records as buyers return to the fray
Concerns about inflation, global debt levels support goldBuyers come back after two-day price slumpVolatile silver to underperform goldBy Polina Devitt and Anmol Choubey LONDON, Feb 3 (Reuters) - Investment demand and central-bank buying are expected to propel gold to new records, with the metal&...Reuters
Tue, Feb 3
Marathon Petroleum beats fourth-quarter profit estimate
Feb 3 (Reuters) - Marathon Petroleum MPC.N beat Wall Street estimate for fourth-quarter profit on Tuesday, helped by strong refining margins.The refiner posted adjusted profit of $4.07 per share for the three months ended December 31, compared with analysts' average estimate of $2.88 per share, ...Reuters
Tue, Feb 3
PRECIOUS-Gold heads for biggest daily gain since 2008 as investors step in after steep selloff
Gold jumps over 5%, silver up over 9%Gold, silver fell to one-month lows on MondayNo US employment report on Friday due to partial government shutdownBy Noel John Feb 3 (Reuters) - Gold and silver prices rose sharply on Tuesday, with gold set for its biggest daily rise since November 2008, as inv...Reuters
Tue, Feb 3
Ghana offers levy cut as sweetener for higher gold royalty regime, lobby says
Higher royalty regime to take effect this month unless amendedMiners warn new regime may squeeze less profitable minesBy Maxwell Akalaare Adombila DAKAR, Feb 3 (Reuters) - Ghana's finance minister has offered to cut a mining levy by two percentage points to help push through a new gold royalt...Reuters
Tue, Feb 3
China approves imports of Canadian pet food
BEIJING, Feb 3 (Reuters) - China has allowed the imports of qualified pet food from Canada, a customs statement dated Monday showed, a sign of improving trade ties following Canadian Prime Minister Mark Carney's visit last month.Pet food products allowed for imports include processed dry food, c...Reuters
Tue, Feb 3
Grain trader Archer-Daniels-Midland beats fourth-quarter profit estimates
Feb 3 (Reuters) - Archer-Daniels-Midland ADM.N beat Wall Street estimates for fourth-quarter adjusted profit on Tuesday, as the company benefited from higher margins in its grain trading business.The Chicago-based company posted an adjusted profit of 87 cents per share for the three months ended Dec...Reuters
Tue, Feb 3
Gold rebounds sharply from four-week lows as technical buying dominates
Gold (XAU/USD) climbs more than 5% on Tuesday as dip buyers step back into the market following last week’s violent correction from record highs near $5,600. At the time of writing, XAU/USD is hovering near $4,915, extending its rebound after slipping to near four-week lows around $4,402 on Monday.
Fxstreet
Tue, Feb 3
