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Chevron CEO says can process another 100,000 bpd of Venezuelan crude at its refineries
Jan 30 (Reuters) - Chevron CVX.N CEO Mike Wirth said on Friday the U.S. oil major can process an additional 100,000 barrels per day of Venezuelan crude at its refineries.The company currently processes 50,000 barrels a day of Venezuelan crude at its Pascagoula refinery on the U.S. Gulf Coast, Wirth ...Reuters
Fri, Jan 30
PRECIOUS-Gold slips nearly 8% after Trump's Fed chair choice firms dollar
Precious metals remain on course for monthly gainsTrump announces Kevin Warsh as new Fed Chair Gold hit record high of $5,594.82 on ThursdaySpot silver down 18% By Anmol Choubey Jan 30 (Reuters) - Gold prices fell as much as 8% on Friday, dipping below the $5,000 per ounce mark, as the dollar fir...Reuters
Fri, Jan 30
Chevron in talks with Iraq, Libya to evaluate exploration opportunities
Jan 30 (Reuters) - Chevron CVX.N CEO Mike Wirth said on Friday the U.S. oil major was in discussions with the governments of Iraq and Libya to look at existing producing oilfields and evaluate exploration opportunities. The company needed to see compelling investment return potential in those countr...Reuters
Fri, Jan 30
Panama court quashes CK Hutchison port contracts, clouding sales plan
Panama Ports Company says court ruling inconsistent with legal frameworksPanama may need new tenders for port operationsChina opposed U.S. majority ownership of Panamanian portsHong Kong government strongly disapproves of rulingBy Elida Moreno, Natalia Siniawski and Clare Jim PANAMA CITY/HONG KON...Reuters
Fri, Jan 30
EU wheat hits two-month high as euro and weather weigh
PARIS, Jan 30 (Reuters) - Benchmark wheat prices on Euronext rose to a two-month high on Friday as the euro fell against a rebounding dollar while intense cold forecast in Ukraine raised concern about crop losses, dealers and analysts said.March milling wheat BL2H6, the most-active position on Euron...Reuters
Fri, Jan 30
HSBC Expects Gas Prices to Decline in 2026 Despite Short-Term Pressures
Jan 30 (Reuters) - HSBC:SAYS DESPITE THE SHORT-TERM SQUEEZE THEY CONTINUE TO EXPECT GAS PRICES TO DECLINE THIS YEAR AS LNG GLUT STARTS TO MATERIALISE KEEPS EUROPEAN TTF GAS FORECASTS UNCHANGED AT $10/MBTU FOR 2026 ON AVERAGE Source text: [ID:]Further company coverage: [ ]Reuters
Fri, Jan 30
Med crude-Urals diffs stable, more tankers wait on water
MOSCOW, Jan 30 (Reuters) - Urals crude differentials to dated Brent were unchanged on Friday in thin trade, while Russian oil buyers caution leave more tankers with the grade on water, traders said.Traders are increasingly using tankers to store Russia's Urals crude as demand weakens and custome...Reuters
Fri, Jan 30
Exxon CEO says first LNG at Golden Pass expected in March
Golden Pass project faced delays and cost overrunsProject is in partnership with QatarEnergyImsaikah LNG vessel arrived to cool down plant in DecemberBy Sheila Dang and Arunima Kumar Jan 30 (Reuters) - Exxon Mobil XOM.N CEO Darren Woods said on Friday the production of liquefied natural gas at th...Reuters
Fri, Jan 30
Exxon beats Wall Street Q4 target as Permian, Guyana fields take output to 40-year high
Exxon Mobil reports Q4 adjusted EPS $1.71 vs estimate of $1.68Exxon achieves highest annual upstream production in 40+ yearsExxon plans $20 billion share buyback through 2026By Sheila Dang HOUSTON, Jan 30 (Reuters) - Exxon Mobil XOM.N beat Wall Street targets in fourth-quarter earnings reported o...Reuters
Fri, Jan 30
Exxon says it has the technology needed for Venezuela's high-cost crude
Exxon CEO sees U.S. commitment to attract investment in VenezuelaExxon willing to send technical team to VenezuelaPotential changes in Venezuela could benefit operations near GuyanaBy Sheila Dang and Arunima KumarJan 30 (Reuters) - Exxon Mobil XOM.N CEO Darren Woods told analysts on Friday that the ...Reuters
Fri, Jan 30
US encouraged by Panamanian court ruling on port concessions, Rubio says
WASHINGTON, Jan 30 (Reuters) - The United States is encouraged by the recent Panamanian Supreme Court's decision ruling that port concessions to China are unconstitutional, U.S. Secretary of State Marco Rubio said in a post on X on Friday.Panama's Supreme Court has annulled key port contract...Reuters
Fri, Jan 30
Trafigura wins $600 million nickel fraud lawsuit against businessman Gupta
LONDON, Jan 30 (Reuters) - Trafigura won its London lawsuit against Indian businessman Prateek Gupta over fake nickel cargoes on Friday, with London's High Court ruling in favour of the commodities trader.Geneva-based Trafigura alleged Gupta was the mastermind of a fraudulent "Ponzi scheme&#...Reuters
Fri, Jan 30
Trump threatens tariffs on any nation supplying Cuba with oil
Cuba's president calls Trump's arguments unfoundedTrump says he is protecting national securityCuba warns order will paralyze essential servicesBy Kanishka Singh and Dave Sherwood WASHINGTON/HAVANA, Jan 29 (Reuters) - U.S. President Donald Trump threatened new tariffs late on Thursday on ...Reuters
Fri, Jan 30
India's Modi and Venezuela's Rodriguez agree in phone call to deepen ties
Jan 30 (Reuters) - India and Venezuela have agreed to deepen and expand their bilateral partnership following a phone conversation between India's Prime Minister Narendra Modi and Venezuela's acting President Delcy Rodriguez, Modi said in a post on X.Reuters
Fri, Jan 30
ROI-China's surging exports a sign of global metals turmoil: Andy Home
By Andy Home LONDON, Jan 30 (Reuters) - China's net imports of refined copper last year were the lowest since 2017 at 3.03 million metric tons. While inbound shipments dropped by a relatively modest 5% relative to 2024, the big change was a dramatic jump in exports. The world's largest bu...Reuters
Fri, Jan 30
Exxon CEO Says Still Willing To Send Technical Team To Visit Venezuela
Jan 30 (Reuters) - Exxon Mobil Corp XOM.N:EXXON CEO SAYS VENEZUELA SITUATION MAY GIVE OPPORTUNITY FOR FEWER NAVY PATROLS AND FRIENDLIER ENVIRONMENT FOR GUYANA EXPLORATIONEXXON CEO SAYS VENEZUELA OIL BARRELS HAVE HIGH COST AND NEED TECHNOLOGY TO BRING TO MARKET, COMPANY HAS THAT CAPABILITYEXXON CEO S...Reuters
Fri, Jan 30
US natural gas futures climb 5% on rising flows to LNG export plants
Gas futures rise as LNG export flows increaseOutput rises after Arctic blast LSEG projects gas demand to fall, storage levels drop below normalBy Scott DiSavino NEW YORK, Jan 30 (Reuters) - U.S. natural gas futures climbed about 5% on Friday as the amount of gas flowing to liquefied natural gas e...Reuters
Fri, Jan 30
Exxon CEO says first LNG at Golden Pass expected in March
Jan 30 (Reuters) - Exxon Mobil XOM.N CEO Darren Woods said on Friday the first liquefied natural gas (LNG) cargo from the Golden Pass export terminal in Texas is expected in March, marking a key milestone for the U.S. project.Reuters
Fri, Jan 30
Exxon sees more favourable operating environment near Guyana amid Venezuela shifts
Jan 30 (Reuters) - Exxon Mobil XOM.N said on Friday potential changes in Venezuela could create a more favourable operating environment near Guyana, even as parts of the Stabroek oil block remain under force majeure due to a border dispute.Reuters
Fri, Jan 30
PRECIOUS-Gold retreats after Trump's Fed chair choice firms dollar
Precious metals remain on course for monthly gainsTrump announces Kevin Warsh as new Fed Chair Gold hit record high of $5,594.82 on ThursdaySpot silver down nearly 14% By Anmol Choubey Jan 30 (Reuters) - Gold prices fell as much as 8% on Friday to briefly dip below the $5,000 per ounce mark, as t...Reuters
Fri, Jan 30
