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Tyson Foods beats quarterly profit estimates on chicken demand
CHICAGO, Feb 2 (Reuters) - U.S. meatpacker Tyson Foods TSN.N reported bigger-than-expected quarterly earnings on Monday, as strong demand for its chicken products overshadowed hefty losses in its beef business.Beef prices have climbed as ranchers slashed the size of the U.S. cattle herd following a ...Reuters
Mon, Feb 2
US shale producers Devon and Coterra to merge in a $58 billion deal
Feb 2 (Reuters) - U.S. shale producers Devon Energy DVN.N and Coterra Energy CTRA.N are set to merge in an $58 billion all-stock deal to create one of the largest independent shale producers in the country, the companies said on Monday.Reuters
Mon, Feb 2
US judge to consider last project challenge to Trump offshore wind pause
Feb 2 (Reuters) - A U.S. judge on Monday will consider a request from Danish energy company Orsted ORSTED.CO to block the Trump administration's halt on its Sunrise Wind project off the coast of New York.The preliminary injunction request is the fifth brought by an offshore wind developer since ...Reuters
Mon, Feb 2
UK firm signs deal with Mitsui to make iron ore pellets from Pilbara material
By Eric Onstad LONDON, Feb 2 (Reuters) - British firm Binding Solutions has signed an agreement with a unit of Japanese trading house Mitsui & Co 8031.T to turn iron ore in Western Australia's huge Pilbara region into low-carbon pellets, Binding Solutions said on Monday.The privately held...Reuters
Mon, Feb 2
EU Commission: data do not suggest EU's over-reliance on US LNG imports
BRUSSELS, Feb 2 (Reuters) - Current figures do not suggest the European Union is over reliant on imports of Liquefied Natural Gas (LNG) from the United States, the EU Commission's spokesperson Anna-Kaisa Itkonen said on Monday.The reliance on LNG imports from a specific country cannot be compare...Reuters
Mon, Feb 2
FACTBOX-J.P. Morgan expects gold prices to reach $6,300/oz by end of 2026
Feb 2 (Reuters) - J.P. Morgan expects gold prices to reach $6,300 per ounce by the end of 2026, as demand from central banks and investors continues, it said in a note on Monday. The brokerage now forecasts central-bank gold purchases at 800 tons in 2026, citing an ongoing, unexhausted trend of...Reuters
Mon, Feb 2
Venture Global taps Worley for Louisiana LNG project expansion
Feb 2 (Reuters) - U.S.-based LNG company Venture Global VG.N said it has entered into an engineering, procurement and construction contract with Worley Field Services for the construction of Phase 2 of its CP2 project in Louisiana, according to a regulatory filing on Monday.Reuters
Mon, Feb 2
Investors flock to gold, gold miner ETFs in January in bid for safety
By Gaurav DograFeb 2 (Reuters) - Investors flocked to exchange-traded funds of gold, other precious metals and gold miners in January, seeking safety amid geopolitical uncertainty, expectations of further dollar weakness, and growing bets on U.S. interest rate cuts.According to LSEG Lipper data, ETF...Reuters
Mon, Feb 2
China's teapots buy Iranian oil to replace Venezuelan supply, sources say
Teapots draw on Iranian oil stocks in tanks, shipsIranian oil cheapest among Venezuelan replacements, sources sayVenezuelan crude in floating storage in Asia nearly halves in January, Kpler data showsBy Siyi Liu SINGAPORE, Feb 2 (Reuters) - Chinese independent refiners are buying discounted Irani...Reuters
Mon, Feb 2
Gold: $6,000 target remains intact – Deutsche Bank
Deutsche Bank Research Analyst Michael Hsueh reiterates its bullish outlook on Gold, maintaining a target price of $6,000 per ounce. The report emphasizes that recent price corrections do not indicate a fundamental shift in investor sentiment.
Fxstreet
Mon, Feb 2
RPT-ROI-How soon before Trump dubs Kevin Warsh 'clueless'?: Mike Dolan
By Mike Dolan LONDON, Feb 2 (Reuters) - In many ways President Donald Trump's decision to pick former Federal Reserve governor Kevin Warsh to head the central bank is a relatively orthodox choice. To many, he is not the ardent interest rate slasher the U.S. president seemed to want. But maybe...Reuters
Mon, Feb 2
ConocoPhillips CEO sees global LNG market doubling by 2050
DOHA, Feb 2 (Reuters) - ConocoPhillips CEO said on Monday that the liquefied natural gas market is projected to grow to 600 million metric tons by 2030 from 400 million tons currently and further expand to 800 million tons by 2050.Reuters
Mon, Feb 2
Russia is trying to de-escalate Iran tensions, the Kremlin says
MOSCOW, Feb 2 (Reuters) - The Kremlin said on Monday that Russia was still trying to de-escalate tensions around Iran, and that it had long ago offered its services to process or store Iran's enriched uranium.Asked if Russia was discussing with Iran and the United States the possibility of takin...Reuters
Mon, Feb 2
PRECIOUS-Gold, silver fall further as CME margin hike stokes selling
Gold down over 3% after Friday's more than 9% fallSilver down over 3% after Friday's 27% plungeGold down about $900 from record highs on ThursdayBy Noel John Feb 2 (Reuters) - Gold and silver prices dropped on Monday as increased CME CME.O margin requirements added to the selling pressure...Reuters
Mon, Feb 2
Middle East Crude-Benchmarks jump; Brent's to Dubai premium falls on US-Iran de-escalation
SINGAPORE, Feb 2 (Reuters) - Middle East crude benchmarks Oman and Dubai jumped on Monday, having stayed mostly as negative in the previous month due to ample supply pressure. Previous lowered prices encouraged demand and lent some support to the market. Oman also rose to a one-week high. Brent'...Reuters
Mon, Feb 2
Kremlin says it has nothing to add on pause to energy strikes on Ukraine
MOSCOW, Feb 2 (Reuters) - The Kremlin said on Monday that it had nothing to add to what had previously been said by Russia about a pause to strikes on Ukrainian energy infrastructure.Russia and Ukraine said on Friday they had halted strikes on each other's energy infrastructure.Reuters
Mon, Feb 2
EXCLUSIVE-Carlyle in talks with potential UAE partners on Lukoil assets, sources say
Mubadala, XRG and IHC in discussions with Carlyle, sources sayDeal includes assets from Iraq oilfields to Eastern EuropeLukoil still talking to other partiesBy Shadia Nasralla and Anna Hirtenstein LONDON, Jan 30 (Reuters) - U.S. private equity firm Carlyle CG.O has begun exploratory talks with UA...Reuters
Mon, Feb 2
