News
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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
Abu Dhabi's Lunate appoints ex-ADQ head to spearhead global growth
Alsuwaidi expected to boost Lunate's global capital attractionADQ's assets grew to $263 billion under Alsuwaidi's leadershipLunate aims to double assets in five years ABU DHABI, Jan 29 (Reuters) - Abu Dhabi-headquartered Lunate has appointed Mohammed Hassan Alsuwaidi, the UAE's in...Reuters
Thu, Jan 29
CBOT Trends-Wheat up 2-5 cents, corn up 1-2 cents, soy up 4-6 cents
CHICAGO, Jan 29 (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 Thursday: WHEAT - Up 2 to 5 cents per bushelCBOT wheat Wv1 higher on fund short-covering and recent dollar .DXY weaknes...Reuters
Thu, Jan 29
Total Full-Year Demand In 2025 Rose 5.3% - Iata
Jan 29 (Reuters) - IATA:TOTAL FULL-YEAR DEMAND IN 2025 (MEASURED IN REVENUE PASSENGER KILOMETERS OR RPKS) ROSE 5.3% TOTAL CAPACITY, MEASURED IN AVAILABLE SEAT KILOMETERS (ASK), WAS UP 5.2% IN 2025OVERALL PASSENGER LOAD FACTOR (PLF) REACHED 83.6%, UP 0.1 PPT AND A RECORD FOR FULL-YEAR TRAFFIC DECEMBE...Reuters
Thu, Jan 29
Cyclic Materials To Invest More Than $82 Mln For Rare Earth Recycling Campus In South Carolina
Jan 29 (Reuters) - Cyclic Materials:CYCLIC MATERIALS: INVESTING MORE THAN $82 MILLION TO ESTABLISH RARE EARTH RECYCLING CAMPUS IN MCBEE, SOUTH CAROLINACYCLIC MATERIALS: SITE CAN INITIALLY PRODUCE 600 TONNES OF MREO/YEAR, WITH PLANNED EXPANSION TO PRODUCE 1,800 TONNESCYCLIC MATERIALS: SOUTH CAROLINA ...Reuters
Thu, Jan 29
India sees scope to increase coking coal imports from US
SOUTH GOA, INDIA, Jan 29 (Reuters) - India sees significant potential to import more coking coal from the United States as the South Asian nation expands its steelmaking capacity, Vikram Dutt, the top official at the country’s coal ministry, said on Thursday.India held bilateral discussions with off...Reuters
Thu, Jan 29
Voestalpine AG - Sells Subsidiary Böhler Profil To Kadant
Jan 29 (Reuters) - VOESTALPINE AG VOES.VI:VOESTALPINE AG - TRANSACTION IS EXPECTED TO BE COMPLETED BY THE END OF THE 2025/2026 FINANCIAL YEARVOESTALPINE AG - SELLS SUBSIDIARY BÖHLER PROFIL TO US INDUSTRIAL COMPANY KADANT INC.Reuters
Thu, Jan 29
Mozambique, TotalEnergies relaunch $20 billion LNG project
First offshore vessel deployed to lay infrastructure, CEO saysSecurity has since improved following Rwandan troop deploymentGovernment audit over higher project costs will resume in parallel to constructionMozambique president expects related Rovuma LNG project to begin in 12-18 monthsBy Wendell Roe...Reuters
Thu, Jan 29
