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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
Russian captain guilty over crew member's death in U.S. tanker crash
LONDON, Feb 2 (Reuters) - The captain of a container ship that crashed into a U.S. tanker off Britain's east coast last year was found guilty on Monday of the gross negligence manslaughter of a crew member.Russian national Vladimir Motin, 59, was captain of the Portuguese-flagged Solong when it ...Reuters
Mon, Feb 2
REFILE-CBOT Trends-Wheat down 4-5 cents, corn steady-down 2, soy down 5-7
CHICAGO, Feb. 2 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Monday: WHEAT - Down 4 to 5 cents per bushelCBOT wheat Wv1 fell under pressure from a broader commodities slump GRA/ a...Reuters
Mon, Feb 2
Equinor divests parts of its Argentina assets in $1.1 billion deal
OSLO, Feb 2 (Reuters) - Norwegian oil group Equinor EQNR.OL has agreed to sell its onshore business in Argentina's Vaca Muerta basin to Vista Energy VISTAA.MX for $1.1 billion, it said on Monday, while keeping its offshore assets in the South American nation.Half the payment, or $550 million, wi...Reuters
Mon, Feb 2
Silver price declines on US policy shift, easing geopolitical tensions
Silver (XAG/USD) trades sharply lower on Monday, hovering around $81.80 at the time of writing, down 2.0% on the day. The white metal extends the corrective move that began after last week’s steep drop, as markets rapidly reassess the macroeconomic and monetary outlook in the United States (US).
Fxstreet
Mon, Feb 2
Brazil's oil output hits annual record in 2025, regulator says
SAO PAULO, Feb 2 (Reuters) - Brazil's oil production reached a record of 3.77 million barrels per day (bpd) in 2025, oil regulator ANP said on Monday, up 12.3% from the previous year. In December alone, Brazil oil production hit 4.015 million barrels per day, up 17.4% from previous year, ANP sai...Reuters
Mon, Feb 2
Kazakhstan boosts daily Tengiz oil output to 183,000 bpd on Feb. 1 as it recovers after outage, sources say
MOSCOW, Feb 2 (Reuters) - Oil production at Kazakhstan’s giant Tengiz field continued to recover in the past few days after a mid-January outage, two sources familiar with operational data said.Tengiz, which accounts for nearly 40% of Kazakhstan’s output, was shut on January 18 after a fire in elect...Reuters
Mon, Feb 2
BREAKINGVIEWS-Options muddy gold’s value as gauge of global risk
By Jon Sindreu and Yawen Chen LONDON, Feb 2 (Reuters Breakingviews) - Gold is having one of its sharpest price drops in years. What passes for a rationale behind the selloff, which has spread to other metals, is that potentially orthodox policies advanced by President Donald Trump's pick to l...Reuters
Mon, Feb 2
Union neither accepts nor rejects last Marathon offer on US refinery pact, sources say
Marathon made last offer in talks on Sunday with United SteelworkersProposal would provide a 15% increase in wages over four yearsMarathon proposal could define labor contracts across US refineriesBy Erwin SebaHOUSTON, Feb 2 (Reuters) - The United Steelworkers union (USW) has neither accepted nor re...Reuters
Mon, Feb 2
Shortages of new aircraft, fuel put emissions goal at risk, IATA's Walsh says
IATA chief says airline-supplier profit gap unsustainable Emissions targets becoming more challenging, Walsh saysEngine makers are "not our partners," IATA chief saysBy Tim Hepher and Huey Mun Leong SINGAPORE, Feb 2 (Reuters) - The head of a body representing global airlines said on Monda...Reuters
Mon, Feb 2
PRECIOUS-Gold, silver fall as CME margin hike stokes selling
Gold down over 2% 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 pared some losses but remained under pressure on Monday, after increased CME CME.O margin ...Reuters
Mon, Feb 2
Ethiopia investors plan legal action as row over $1 billion bond overhaul escalates
Bondholder group says OCC's move to block deal "unreasonable"OCC says concerned that terms of initial deal not similarIMF raised Ethiopia's export earnings projections on FridayBy Duncan Miriri and George Obulutsa NAIROBI, Feb 2 (Reuters) - A key investor group in Ethiopia's s...Reuters
Mon, Feb 2
5N Plus To Further Increase Space Solar Cell Production Capacity
Feb 2 (Reuters) - 5N Plus Inc VNP.TO:5N PLUS INC. TO FURTHER INCREASE SPACE SOLAR CELL PRODUCTION CAPACITY5N PLUS INC - TO EXPAND AZUR SPACE SOLAR CELL CAPACITY BY 25% IN 20265N PLUS INC - NEW CAPACITY TO COME ONLINE IN SECOND HALF OF YEARReuters
Mon, Feb 2
Equinor divests parts of its Argentina assets in $1.1 billion deal
OSLO, Feb 2 (Reuters) - Norway's Equinor EQNR.OL said on Monday it has agreed to sell its onshore business in Argentina's Vaca Muerta basin to Vista Energy for $1.1 billion, half paid in cash and the other half in the form of Vista shares and future payments linked to output and oil prices.&...Reuters
Mon, Feb 2
WTI Oil tumbles as easing Middle East tensions, steady OPEC+ output weigh
West Texas Intermediate (WTI) US Oil trades around $61.90 on Monday at the time of writing, down 5.50% on the day. WTI prices remain under pressure as markets react to signs of easing tensions between the United States (US) and Iran, which could alter supply expectations in the global energy market.
Fxstreet
Mon, Feb 2
RPT-ROI-Two things OPEC+ can't control. Trump and China imports: Russell
Reuters Open Interest (ROI) is your essential source for global financial commentary. By Clyde Russell SYDNEY, Feb 2 (Reuters) - There are two factors that are largely beyond the control of OPEC+ and they are likely to determine the price of crude oil in the coming weeks.The first is whether U.S....Reuters
Mon, Feb 2
Eldorado Gold to buy Foran Mining in $2.8 billion deal to deepen copper exposure
Feb 2 (Reuters) - Eldorado Gold ELD.TO will acquire Canada's Foran Mining FOM.TO in a deal valuing the copper-focused developer at about C$3.8 billion ($2.79 billion), adding a second near-term growth project and increasing its exposure to copper.The deal, announced by the companies on Monday, e...Reuters
Mon, Feb 2
