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Kazakhstan's Tengiz field restored 20% of output capacity by February 1, sources say
MOSCOW, Feb 2 (Reuters) - Oil production at Kazakhstan's giant Tengiz field has recovered further in the past few days, reaching nearly 20% of its capacity on Sunday following a full outage in mid January, two sources familiar with operational data said.Tengiz, which accounts for nearly 40% of K...Reuters
Mon, Feb 2
Europe Gasoline/Naphtha-Gasoline refining margins rebound
LONDON, Feb 2 (Reuters) - Northwest European gasoline refinery profit margins rebounded on Monday after a sharp drop last week, gaining $1.75 to about $7.94 a barrel.About 8,000 metric tons of Eurobob E10 gasoline traded on barges in the Argus window, with Phillips 66 and Sahara selling to Varo and ...Reuters
Mon, Feb 2
FACTBOX-US energy sector deals regain momentum after mid-2025 slowdown
Feb 2 (Reuters) - Dealmaking in the U.S. oil and gas sector saw a slowdown in the middle of 2025, but eventually gained momentum in the fourth quarter, with upstream deals alone reaching $23.5 billion and pushing full-year activity to $65 billion, according to analytics firm Enverus. Even though...Reuters
Mon, Feb 2
METALS-Copper extends retreat from record highs; Chinese data helps steady market
Speculators pull back after prices reach record highs Positive Chinese factory data helps to stabilise marketConcerns persist over mine disruption and Chinese demandBy Eric Onstad LONDON, Feb 2 (Reuters) - Copper prices extended their slide to a three-week low on Monday as speculators pulled back...Reuters
Mon, Feb 2
StoneX, Celeres hike forecasts for Brazil's 2025/26 soybean crop
SAO PAULO, Feb 2 (Reuters) - StoneX and agribusiness consultancy Celeres on Monday raised their outlooks for Brazil's 2025/26 soybean crop, citing higher yields than previously expected in the world's largest producer and exporter of the oilseed. STONEXStoneX pegged soybean output this seas...Reuters
Mon, Feb 2
Tyson Foods beats profit estimates as chicken demand rises
Increased chicken demand offsets beef losses for meatpackerTyson's net sales rise 5.1%, beating analyst estimatesBeef unit reports $143 million loss amid soaring cattle costsBy Tom Polansek and Angela Christy M CHICAGO, Feb 2 (Reuters) - U.S. meatpacker Tyson Foods TSN.N reported higher-than-...Reuters
Mon, Feb 2
Glencore close to appointing Citi as adviser for Rio Tinto merger talks, sources say
By Divya Rajagopal and Clara Denina TORONTO, Feb 2 (Reuters) - Swiss miner Glencore GLEN.L is close to engaging Citi as its lead investment bank on its potential acquisition by Rio Tinto RIO.L that could create the world's largest miner worth over $200 billion, two people familiar with the ma...Reuters
Mon, Feb 2
WRAPUP 1-AI power needs may turn LNG glut to gap by 2030, says Qatar Energy CEO
AI and data centres seen driving rising LNG demandAsia, led by China and India, to drive LNG demand growthLNG prices may soften with new supply By Emily Chow, Yousef Saba and Andrew MillsDOHA, Feb 2 (Reuters) - Growing electricity demand from AI and data centres, together with rising fuel use in As...Reuters
Mon, Feb 2
Truck traffic at Cargill facility in northern Brazil blocked by protesters
SAO PAULO, Feb 2 (Reuters) - Protesters have been blocking truck traffic at the entrance of Cargill's Santarem grain terminal in northern Brazil, according to a company statement in response to Reuters' questions on Monday.Cargill denied any occupation of its facilities by protesters, identi...Reuters
Mon, Feb 2
FACTBOX-Carlyle's list of energy investments as it eyes Lukoil assets worth $22 billion
Feb 2 (Reuters) - Carlyle Group CG.O has agreed to an initial deal to acquire most of Russian oil producer Lukoil's LKOH.MM foreign assets, initially valued at $22 billion by analysts. Neither Lukoil nor Carlyle disclosed a price for the sale, which still requires approval from the Office of For...Reuters
Mon, Feb 2
EU efforts to diversify critical raw material imports fail so far, auditors say
By Julia Payne BRUSSELS, Feb 2 (Reuters) - The European Court of Auditors said on Monday the EU's efforts to diversify its imports of metals and minerals critical to tech, defence and the energy transition had "yet to produce tangible results". The EU's Critical Raw Materials Act ...Reuters
Mon, Feb 2
WEX falls after Morgan Stanley cuts PT on fuel price pressure
Shares of fuel payment and fleet management platform WEX WEX.N down 1.58% to $151.48Morgan Stanley cuts PT on WEX to $144 from $168, which is still a 6.8% upside to the stock's last closeThe government’s push to keep gasoline prices low is expected to squeeze fuel industry margins by about 20 ce...Reuters
Mon, Feb 2
Russian captain found guilty over crew member's death in US tanker crash
Captain found guilty of gross negligence manslaughterShip's crash with US tanker caused death of crew memberVladimir Motin, 59, will be sentenced on ThursdayBy Sam Tobin LONDON, Feb 2 (Reuters) - The Russian captain of a container ship that crashed into a U.S. tanker off the east coast of Bri...Reuters
Mon, Feb 2
Rising AI power needs could turn LNG supply glut into a 2030 shortage, says QatarEnergy CEO
AI and data centers drive rising LNG demandAsia, led by China and India, to drive LNG demand growthLNG prices may soften with new supply, but project delays could tighten marketBy Emily Chow, Yousef Saba and Andrew MillsDOHA, Feb 2 (Reuters) - Growing electricity demand from AI and data centres, tog...Reuters
Mon, Feb 2
Truck traffic at Cargill facility in northern Brazil blocked by protesters
SAO PAULO, Feb 2 (Reuters) - Protesters have been blocking truck traffic at Cargill's Santarem grain terminal in northern Brazil, according to a company statement in response to Reuters questions on Monday.Cargill denied any occupation of its facilities by protesters, whom the local press identi...Reuters
Mon, Feb 2
Air India grounds Boeing Dreamliner jet after possible defect with fuel control switch
By Abhijith Ganapavaram and Aditya Kalra NEW DELHI, Feb 2 (Reuters) - Air India said on Monday it had grounded a Boeing BA.N Dreamliner after one of its pilots reported a possible defect with the aircraft's fuel control switch, which is at the centre of an ongoing probe into a deadly air cras...Reuters
Mon, Feb 2
EIG Global Energy plans new fund to keep Aramco pipeline stake and bring new investors
By Hadeel Al Sayegh DUBAI, Feb 2 (Reuters) - EIG Global Energy Partners has hired PJT Partners to advise on structuring a new fund for its stake in Saudi Aramco's oil pipeline assets as the vehicle holding it nears expiry, two sources familiar with the matter said.The so-called continuation f...Reuters
Mon, Feb 2
US natural gas futures plunge 19% as output rises and weather normalizes
Natural gas futures drop due to warmer weather and increased outputVolatility in gas futures reaches record high, boosting trading opportunitiesWaha Hub prices fall into negative territory due to pipeline constraintsBy Scott DiSavino NEW YORK, Feb 2 (Reuters) - U.S. natural gas futures plunged 19...Reuters
Mon, Feb 2
FACTBOX-US Henry Hub natgas prices average 20-year high for January
By Scott DiSavinoNEW YORK, Feb 2 (Reuters) - U.S. spot natural gas prices at the Henry Hub benchmark in Louisiana averaged a 20-year high for the month of January, pricing data from financial firm LSEG showed.Gas prices averaged $7.72 per million British thermal units (mmBtu), their highest for Janu...Reuters
Mon, Feb 2
ESAB to buy Canadian testing equipment maker Eddyfi for $1.45 billion
Feb 2 (Reuters) - Welding gear maker ESAB Corp ESAB.N said on Monday it would acquire testing instrument manufacturer Eddyfi Technologies for $1.45 billion, aiming to broaden its product portfolio and gain exposure to booming markets such as aerospace and defense.The combination will also strengthen...Reuters
Mon, Feb 2
