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EXCLUSIVE-Mexico seeking way to send fuel to Cuba without being hit by US tariffs, sources say
Mexico in talks with US to avoid tariff reprisals, sources sayCuba faces fuel shortages, relies on Mexican suppliesMexico considers humanitarian aid to Cuba amid tariff threatsBy Diego Oré MEXICO CITY, Feb 5 (Reuters) - Mexican officials are evaluating how to send fuel to Cuba to help meet basic ...Reuters
Thu, Feb 5
BP's Whiting refinery workers prepare for potential strike as union talks falter
By Nicole JaoNEW YORK, Feb 5 (Reuters) - United Steelworkers is asking workers at BP's BP.L 440,000-barrel-per-day refinery in Whiting, Indiana, to prepare for a strike or lockout, the union said on Thursday after weeks of negotiations with the British oil major that did not yield results.The co...Reuters
Thu, Feb 5
Cuba-related tanker finishes loading gasoline cargo in Venezuela, shipping data says
Cuba has not imported oil or fuel from Venezuela since DecemberMexico sent a fuel cargo to Cuba in JanuaryWashington is now in control of Venezuela's oil exportsBy Marianna Parraga Feb 5 (Reuters) - An oil tanker that has transported Venezuelan fuel to Cuba since April 2025 finished loading t...Reuters
Thu, Feb 5
ConocoPhillips targets $1 billion cost cuts in 2026, profit misses on weaker oil prices
Expects to cut costs by $1 billion in 2026ConocoPhillips misses Q4 profit estimatesIt closed $3.2 billion in asset sales in 2025ConocoPhillips shares slip 2.5% By Pooja Menon Feb 5 (Reuters) - ConocoPhillips COP.N said on Thursday it aims to cut capital and operating costs by $1 billion in 2026,...Reuters
Thu, Feb 5
US Cash Grains-Corn and soybean basis bids flat to weaker at multiple locations
CHICAGO, Feb 5 (Reuters) - Basis bids for corn and soybeans were mostly steady to lower at elevators, ethanol plants, other kinds of processors, and river terminals in the U.S. Midwest on Thursday, as the commodities rallied on the Chicago Board of Trade. The soybean basis fell by 10 points at a pro...Reuters
Thu, Feb 5
US natgas futures climb on Northeast cold snap and LNG export flows
Record storage withdrawal of 360 bcf, but below analyst expectationsWaha Hub prices fall into negative territory due to pipeline constraintsLSEG projects gas demand to decrease next week amid warmer weather forecastsBy Scott DiSavino NEW YORK, Feb 5 (Reuters) - U.S. natural gas futures edged up a...Reuters
Thu, Feb 5
CBOT soybeans sustain rally after Trump comments
CHICAGO, Feb 5 (Reuters) - Chicago Board of Trade soybean futures extended gains on Thursday, a day after U.S. President Donald Trump said China had raised a target for U.S. soybean purchases under a trade truce.Soybeans rallied on Wednesday after Trump said China was "lifting the soybean count ...Reuters
Thu, Feb 5
GRAINS-Soy rally continues after Trump says China to expand purchases
By Heather Schlitz CHICAGO, Feb 5 (Reuters) - Chicago soybeans extended gains on Thursday, a day after U.S. President Donald Trump said China had raised a target for U.S. soybean purchases under a trade truce.Corn and wheat ticked up with spillover support from soybeans, though a firmer dollar an...Reuters
Thu, Feb 5
CBOT wheat higher on spillover support
CHICAGO, Feb 5 (Reuters) - Chicago Board of Trade wheat futures ticked up with spillover support from soybeans on Thursday, though improving weather in the Black Sea region capped prices.Soybeans continued their rally that began on Wednesday after U.S. President Donald Trump said China was "lift...Reuters
Thu, Feb 5
Oil settles almost 3% down on easing supply concerns ahead of US, Iran talks
US, Iran prepare for talks on FridayAbout a fifth of global oil consumption passes through Strait of HormuzVolatility leads to record WTI Midland contracts in JanuaryBy Seher Dareen and Georgina McCartney HOUSTON, Feb 5 (Reuters) - Oil prices settled down almost 3% on Thursday in choppy tradi...Reuters
Thu, Feb 5
CBOT corn gain support from higher soy futures
CHICAGO, Feb 5 (Reuters) - Chicago Board of Trade corn futures ended higher on Thursday on spillover support from surging soybean futures. Soybeans rallied on Wednesday after President Donald Trump said China was "lifting the soybean count to 20 million tons for the current season", suggesti...Reuters
Thu, Feb 5
Goldman Sachs Sees TTF, JKM Gas Prices to Average Below $5/mmbtu in 2028/29
Feb 5 (Reuters) - GOLDMAN SACHS:FORECASTS TTF AND JKM GAS PRICES TO AVERAGE BELOW $5/MMBTU IN 2028/29, MORE THAN 50% BELOW CURRENT PROMPT PRICES SAYS THE TIMING OF THE UPCOMING LIQUEFACTION PROJECTS THAT DRIVE OUR BEARISH VIEW REMAINS KEY, AND WE TAKE STOCK OF HOW GLOBAL LNG SUPPLY GROWTH HAS EVOLVE...Reuters
Thu, Feb 5
Shell wants to export Venezuelan gas through Trinidad, CEO says
Shell has 30-year license for Dragon gas fieldNeeds OFAC license due to US sanctions on VenezuelaShell sees Dragon field development aligning with US strategyBy Curtis Williams and Dagmarah MackosFeb 5 (Reuters) - Shell SHEL.L hopes to produce gas from Venezuela's Dragon field in three years and...Reuters
Thu, Feb 5
About 2 million barrels of Venezuelan oil being shipped to Spain's Repsol, shipping schedules say
By Marianna Parraga and Pietro Lombardi HOUSTON/MADRID, Feb 5 (Reuters) - About 2 million barrels of Venezuelan heavy crude are being sent to refineries owned by oil producer Repsol REP.MC in Spain, following purchases the company negotiated with trading house Trafigura, according to shipping sch...Reuters
Thu, Feb 5
PRECIOUS-Gold slips, silver down nearly 14% on firmer dollar
JP Morgan warns rich silver valuations risk deeper pullbacksUS dollar rises to a two-week highVolatility remains elevated, analyst says By Anmol Choubey Feb 5 (Reuters) - Gold fell on Thursday, while silver slid nearly 14%, as a stronger dollar and a broad market rout prompted investors to liquid...Reuters
Thu, Feb 5
Gold slides nearly 2% as US Dollar strength triggers fresh liquidation
Gold price (XAU/USD) tumbles during the North American session on Thursday as precious metals continue their liquidation mode, while the Greenback recovers some ground amid worse-than-expected economic data in the US.
Fxstreet
Thu, Feb 5
Europe Gasoline/Naphtha-Gasoline refining margins rise further
LONDON, Feb 5 (Reuters) - Northwest European gasoline refinery profit margins rose on Thursday by $1.45 to about $8.73 a barrel amid a selloff in underlying crude prices.About 13,250 metric tons of Eurobob E10 gasoline traded on barges in the Argus window, with Phillips 66, Sahara, and Shell selling...Reuters
Thu, Feb 5
METALS-Copper slips on stronger dollar, rising inventories
Feb 5 (Reuters) - Copper fell for a second session on Thursday, tracking losses in the precious metals complex, as rising inventories and a stronger U.S. dollar weighed on prices.Benchmark three-month copper on the London Metal Exchange CMCU3 was down 1% at $12,917.50 per metric ton as of 1731 GMT.C...Reuters
Thu, Feb 5
REFILE-About 2 million barrels of Venezuelan oil being shipped to Spain's Repsol, shipping schedules say
HOUSTON/MADRID, Feb 5 (Reuters) - About 2 million barrels of Venezuelan heavy crude are being sent to refineries owned by oil producer Repsol REP.MC in Spain, following purchases the company negotiated with trading house Trafigura, according to shipping schedules seen by Reuters.Trafigura and Vitol ...Reuters
Thu, Feb 5
