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Europe Gasoline/Naphtha-Gasoline refining margins slide
LONDON, Jan 29 (Reuters) - Northwest European gasoline refinery profit margins fell by 68 cents a barrel to $6.29 on Thursday as underlying crude prices rose sharply.About 6,000 metric tons of Eurobob E5 gasoline traded on barges in the Argus window, with Exxon Mobil and Equinor selling to BP.Shell ...Reuters
Thu, Jan 29
EU wheat steady with euro support as Chicago rally ebbs
PARIS, Jan 29 (Reuters) - European wheat futures edged up on Thursday as an easing euro underpinned the market while support from a rally in Chicago faded, traders said. March milling wheat BL2H6 on Euronext was up 0.5% at 191 euros ($228.25) a metric ton by 1705 GMT, continuing a recovery from ...Reuters
Thu, Jan 29
Winter storm to impact US airlines' pretax profit by $380 million, says BofA
Jan 29 (Reuters) - U.S. airlines' pretax profit will be impacted by about $380 million from the winter storm that forced many carriers to cancel and delay thousands of flights, BofA Global Research said on Thursday.The brokerage in a note said the storm resulted in the cancellation of over 22,00...Reuters
Thu, Jan 29
UBS raises gold target to $6,200/oz, sees slight dip by year‑end
Jan 29 (Reuters) - UBS on Thursday increased its price target to $6,200 per ounce for March, June and September 2026, compared with a prior forecast of $5,000.However, the bank projected a modest decline to $5,900 per ounce by end-2026.Reuters
Thu, Jan 29
Funding package falling short in US Senate due to immigration dispute
Jan 29 (Reuters) - Democrats in the U.S. Senate were on track to block legislation that would fund the Pentagon, the Department of Homeland Security and other government agencies, as they demanded new controls to rein in immigration enforcement operations across the nation. Congress will trigger a p...Reuters
Thu, Jan 29
US crude production ticks back up after massive output hit from winter storm
HOUSTON, Jan 29 (Reuters) - U.S. crude production continued to recover on Thursday after a winter storm ravaged production and losses peaked at 2 million barrels per day over the weekend, while analysts adjusted output forecasts for January in the aftermath of outages. Nearly all of North Dakota'...Reuters
Thu, Jan 29
Gold slumps over 3% from $5,600 peak tech rout sparks profit-taking
Gold (XAU/USD) plummets more than 3% on Thursday amid the lack of a catalyst that has pushed Silver’s down, cooper prices retreating, and six of the Mag 7 equities getting hammered during the North American session. XAU/USD trades at $5266 after reaching a record high near $5,600.
Fxstreet
Thu, Jan 29
Med crude-Urals diffs stable as February cargoes clear slowly
MOSCOW, Jan 29 (Reuters) - Urals crude differentials to dated Brent were stable on Thursday in quiet trade while February cargoes were slow to clear, traders said.India is expected to increase buying of February Urals compared to January, but sanctions pressure weighed on prices and demand for Russi...Reuters
Thu, Jan 29
Valero to run refineries up to 90% of capacity in Q1 2026
NEW YORK, Jan 29 (Reuters) - U.S. crude oil refiner Valero Energy Corp VLO.N plans to operate its 15 refineries up to 90% of their combined total complete throughput capacity of 3.2 million barrels per day (bpd) in the first quarter of 2026, Chief Financial Officer Homer Bhullar said during a call w...Reuters
Thu, Jan 29
Kirby slides after Q4 revenue miss
Shares of U.S. tank barge operator Kirby KEX.N falls as much as 10.2% to $115.01Company posts their biggest intraday percent loss since July 31, 2025KEX reports Q4 revenue of $851.8 mln, missing analysts' expectation of $857.1 mln - data compiled by LSEGCo says it faced weather challenges and ye...Reuters
Thu, Jan 29
PRECIOUS-Gold drops over 4% as investors take profits after record high
Spot gold up 19% so far in 2026Spot silver falls over 6% after hitting record high of $121.64Trump urges Iran to negotiate nuclear dealPalladium down over 6% By Anmol Choubey Jan 29 (Reuters) - Gold dropped over 4% on Thursday as investors took profits after a record high, yet prices remained...Reuters
Thu, Jan 29
Norfolk Southern posts rise in quarterly profit on cost control
By Apratim Sarkar Jan 29 (Reuters) - Norfolk Southern NSC.N reported a rise in fourth-quarter profit on Thursday on cost controls amid uneven freight demand and persistent macroeconomic strain.The results come after the U.S. Surface Transportation Board earlier this month sent back Union Pacific...Reuters
Thu, Jan 29
Copper's ascent above $14,000 creates investor dilemma
By Eric OnstadLONDON, Jan 29 (Reuters) - Copper's red-hot run to above $14,000 a metric ton on Thursday leaves investors facing a decision over whether or not to chase the market higher.Benchmark copper on the London Metal Exchange CMCU3 jumped 11% to a record $14,527.50 a ton in a rally fuelled...Reuters
Thu, Jan 29
Global cocoa market set for 267,000 ton surplus in 2026/27, broker StoneX says
LONDON, Jan 29 (Reuters) - The global cocoa market is expected to reach a surplus of 267,000 metric tons in 2026/27 owing to increased cultivation and acreage driven by the price surge since 2023, StoneX said on Thursday in its first estimate for the coming season.Adverse weather and disease in top ...Reuters
Thu, Jan 29
FACTBOX-Carlyle's list of energy investments as it eyes Lukoil assets worth $22 billion
Jan 29 (Reuters) - Carlyle Group CG.O is poised 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 Foreign Assets Control...Reuters
Thu, Jan 29
Boeing To Build Four Additional MH-139A Helicopters For U.S. Air Force
Jan 29 (Reuters) - Boeing Co BA.N:BOEING TO BUILD FOUR ADDITIONAL MH-139A HELICOPTERS FOR U.S. AIR FORCEBOEING: RECENT CONTRACT INCREASES THE TOTAL VALUE OF THE AWARD TO MORE THAN $262 MILLION DOLLARSBOEING: NEW ORDER RAISES THE TOTAL NUMBER OF MH-139A AIRCRAFT UNDER CONTRACT TO 38Reuters
Thu, Jan 29
US natgas futures climb 3% ahead of storage report, volatility hits record high
March contract replaces February, causing record daily percentage dropVolatility hits record 246.9%, surpassing previous high of 177.7%LSEG reports rising Lower 48 gas output, demand projections rise for next two weeksBy Scott DiSavino NEW YORK, Jan 29 (Reuters) - U.S. natural gas futures climbed...Reuters
Thu, Jan 29
EXCLUSIVE-US moves away from critical mineral price floors, sources say
Trump officials told industry price floors gone, sources sayIndustry has long seen price support as tool to offset ChinaUS Senate committee reviewing price floor given to MP MaterialsBy Ernest Scheyder and Jarrett Renshaw Jan 29 (Reuters) - The Trump administration is stepping back from plans to ...Reuters
Thu, Jan 29
