News
Important Only
US to auction drilling rights for Alaska reserve on March 9
Feb 5 (Reuters) - The Trump administration on Thursday said it would hold a sale of oil and gas drilling rights across 5.5 million acres of Alaska's National Petroleum Reserve on March 9. WHY IT'S IMPORTANTThe sale is the first of at least five mandated by President Donald Trump's On...Reuters
Thu, Feb 5
Phillips 66 to cut jobs as Los Angeles refinery shuts, Bloomberg News reports
Feb 5 (Reuters) - Phillips 66 PSX.N will lay off around half of its employees at its sole remaining oil refinery in California after shuttering operations, Bloomberg News reported on Thursday, citing a filing with California's employment regulator.Reuters
Thu, Feb 5
FACTBOX-How Glencore and Rio Tinto's core assets stack up
Feb 5 (Reuters) - Rio Tinto RIO.L walked away from a mega-mining deal with rival Glencore GLEN.L for the third time on Thursday. Attempts to combine the companies have repeatedly fallen short. Rio rejected a merger approach from Glencore in 2014, saying it was not in the best interes...Reuters
Thu, Feb 5
PRECIOUS-Gold slips, silver down nearly 14% on firmer dollar
JP Morgan warns rich silver valuations risk deeper pullbacksUS dollar rises to a two-week highVolatility remains elevated, analyst says By Anmol Choubey Feb 5 (Reuters) - Gold fell on Thursday, while silver slid nearly 14%, as a stronger dollar and a broad market rout prompted investors to liquid...Reuters
Thu, Feb 5
Shell weighing Venezuela offshore investments worth billions of dollars, CEO tells CNBC
Feb 5 (Reuters) - Shell is weighing investments in certain offshore natural gas opportunities in Venezuela involving investments worth a few billion dollars with production expected in the next couple of years, CEO Wael Sawan said in an interview with CNBC on Thursday."These are opportunities th...Reuters
Thu, Feb 5
Weight-loss drugs, soft-drink tax curtail sugar consumption
Sugar demand may weaken further as weight-loss drug prices fallSoft drink taxes also play key role in curbing consumptionDemand continues to rise in Asia and Africa on population growth By Sarah El Safty DUBAI, Feb 5 (Reuters) - Sugar consumption is declining in the United States and Western Eur...Reuters
Thu, Feb 5
Panama's president says port contracts will not be issued to a single operator
By Elida Moreno PANAMA CITY, Feb 5 (Reuters) - Panamanian President Jose Raul Mulino said on Thursday that the concession of contracts to operate two ports held and operated for nearly three decades by Hong Kong's CK Hutchison Holdings 0001.HK will "never again" be issued to a single...Reuters
Thu, Feb 5
US provides rare earths miner Serra Verde with $565 million financing, stake option
By Eric Onstad LONDON, Feb 5 (Reuters) - The U.S. government has agreed a financing deal worth $565 million with Brazilian rare earths miner Serra Verde, which includes the option to take a minority equity stake, the firm said on Thursday.The deal is part of a wide-ranging package announced on We...Reuters
Thu, Feb 5
Newmont Member Of Workforce Has Died Following Incident At Tanami Mine Site On February 4
Feb 5 (Reuters) - Newmont Corporation NEM.N:NEWMONT: MEMBER OF OUR WORKFORCE HAS DIED FOLLOWING INCIDENT AT TANAMI MINE SITE IN THE NORTHERN TERRITORY, AUSTRALIA, ON FEBRUARY 4NEWMONT: ALL ACTIVITIES AT TANAMI SITE HAVE BEEN SUSPENDEDReuters
Thu, Feb 5
Cheniere submits application to build massive LNG plant in Texas
Cheniere plans 24 mtpa LNG plant expansion in TexasExpansion to add four new LNG processing trainsCheniere aims for federal approval by May next yearBy Curtis Williams HOUSTON, Feb 5 (Reuters) - Cheniere Energy, the largest liquefied natural gas exporter in the U.S. , has submitted an ...Reuters
Thu, Feb 5
GRAINS-Soy rally continues after Trump says China to expand purchases
By Heather Schlitz CHICAGO, Feb 5(Reuters) - Chicago soybeans extended gains on Thursday, a day after U.S. President Donald Trump said China had raised a target for U.S. soybean purchases under a trade truce.Corn and wheat ticked up with spillover support from soybeans, though a firmer dollar and...Reuters
Thu, Feb 5
Germany backs US push to cut China mineral dependency
FRANKFURT, Feb 5 (Reuters) - Germany's government shares the United States' analysis on the need to diversify global supply chains for critical raw materials and reduce dependencies, particularly on China, the economy ministry said on Thursday."We are, in principle, prepared to engage in...Reuters
Thu, Feb 5
Mexico antitrust body finds lack of competition throughout freight rail sector
MEXICO CITY, Feb 5 - Mexico's antitrust commission has found insufficient competition conditions in nearly all of the country's freight rail system, it said in a preliminary ruling on Thursday. THE FINDINGS • The commission's investigation, spanning January 2024 to October 2025, foun...Reuters
Thu, Feb 5
Belgium resumes talks with Engie on further nuclear reactor extensions, L'Echo reports
BRUSSELS, Feb 5 (Reuters) - The Belgian government has resumed talks with French utility Engie ENGIE.PA over potential further extensions of Belgium's nuclear reactors, Belgian newspaper L’Echo reported on Thursday.After an initial meeting with Prime Minister Bart De Wever, another meeting is pl...Reuters
Thu, Feb 5
Cuba-related tanker finishes loading gasoline cargo in Venezuela, shipping schedule says
Feb 5 (Reuters) - An oil tanker that has transported Venezuelan fuel to Cuba since April last year finished loading this week a 150,000-barrel cargo of gasoline, a shipping schedule seen by Reuters shows, a possible sign that the OPEC country could be preparing to send supplies to the island under U...Reuters
Thu, Feb 5
Glencore Says Rio's Bid Not In Best Interests Of Shareholders
Feb 5 (Reuters) - Glencore PLC GLEN.L:GLENCORE PLC - RESPONSE TO RULE 2.8 ANNOUNCEMENT FROM RIO TINTOGLENCORE - RIO TINTO WILL NOT MAKE OFFER FOR GLENCOREGLENCORE - CONCLUDED THAT PROPOSED ACQUISITION ON THESE TERMS IS NOT IN BEST INTERESTS OF GLENCORE SHAREHOLDERSGLENCORE - RIO PROPOSED RETAINING ...Reuters
Thu, Feb 5
