News
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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
EU wheat steady with weather and exports in focus
PARIS, Feb 5 (Reuters) - European wheat futures were little changed on Thursday as the market paused near a 2-1/2 month high from earlier this week, while traders factored in higher Chicago prices, winter weather risks and a lull in export demand.March milling wheat BL2H6 on Euronext settled 0.1% do...Reuters
Thu, Feb 5
Texas anti-ESG law declared unconstitutional by US judge
Texas law targeted businesses boycotting fossil fuelsJudge says law violated First AmendmentBlackRock, JPMorgan pulled back on climateTexas plans to appealBy Jonathan Stempel Feb 5 (Reuters) - A federal judge declared unconstitutional a 2021 Texas law restricting state investments in companies th...Reuters
Thu, Feb 5
Boeing, Airbus In Talks With Saudi Arabia For Historic Jet Order - Bloomberg News
Feb 5 (Reuters) - BOEING, AIRBUS IN TALKS WITH SAUDI ARABIA FOR HISTORIC JET ORDER - BLOOMBERG NEWSSAUDIA WANTS TO BUY AT LEAST 150 NARROWBODY AND WIDEBODY JETS - BLOOMBERG NEWSSource text: https://tinyurl.com/25mrekj5Reuters
Thu, Feb 5
Phillips 66 to lay off 277 workers as Los Angeles refinery winds down
By Nicole Jao NEW YORK, Feb 5 (Reuters) - Phillips 66 PSX.N is set to lay off 277 employees as operations at the 139,000-barrel-per-day Los Angeles-area refinery wind down ahead of closure, filings to California's employment regulator show.The Houston-based refiner will terminate 122 employee...Reuters
Thu, Feb 5
HIF Global eyes significant capex savings on $4 billion Brazil hydrogen plant
By Oliver GriffinSAO PAULO, Feb 5 (Reuters) - HIF Global expects significantly lower costs for its green-hydrogen plant in Brazil and hopes to secure financing for the first of four planned modules in the middle of next year, the company's Latin America chief executive said on Thursday. The e-fu...Reuters
Thu, Feb 5
ConocoPhillips CEO says Venezuela focus remains on recovering money owed
Feb 5 (Reuters) - ConocoPhillips COP.N CEO Ryan Lance said on Thursday the company's priority in Venezuela remains recovering money owed under existing legal judgements, as it engages cautiously with the U.S. administration and tracks policy developments affecting the process.Reuters
Thu, Feb 5
Barrick to press ahead with IPO of North American gold assets, names Hill CEO
Barrick names Mark Hill as CEO and presidentIPO to conclude end of 2026Two deaths reported in Q4 at its Tanzania and DRC minesBy Tanay Dhumal and Divya Rajagopal Feb 5 (Reuters) - Barrick Mining ABX.TO said on Thursday it would move forward with preparations for an initial public offering of its ...Reuters
Thu, Feb 5
US to auction drilling rights for Alaska reserve on March 9
Feb 5 (Reuters) - The Trump administration on Thursday said it would hold a sale of oil and gas drilling rights across 5.5 million acres of Alaska's National Petroleum Reserve on March 9. WHY IT'S IMPORTANTThe sale is the first of at least five mandated by President Donald Trump's On...Reuters
Thu, Feb 5
Phillips 66 to cut jobs as Los Angeles refinery shuts, Bloomberg News reports
Feb 5 (Reuters) - Phillips 66 PSX.N will lay off around half of its employees at its sole remaining oil refinery in California after shuttering operations, Bloomberg News reported on Thursday, citing a filing with California's employment regulator.Reuters
Thu, Feb 5
FACTBOX-How Glencore and Rio Tinto's core assets stack up
Feb 5 (Reuters) - Rio Tinto RIO.L walked away from a mega-mining deal with rival Glencore GLEN.L for the third time on Thursday. Attempts to combine the companies have repeatedly fallen short. Rio rejected a merger approach from Glencore in 2014, saying it was not in the best interes...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
Shell weighing Venezuela offshore investments worth billions of dollars, CEO tells CNBC
Feb 5 (Reuters) - Shell is weighing investments in certain offshore natural gas opportunities in Venezuela involving investments worth a few billion dollars with production expected in the next couple of years, CEO Wael Sawan said in an interview with CNBC on Thursday."These are opportunities th...Reuters
Thu, Feb 5
Weight-loss drugs, soft-drink tax curtail sugar consumption
Sugar demand may weaken further as weight-loss drug prices fallSoft drink taxes also play key role in curbing consumptionDemand continues to rise in Asia and Africa on population growth By Sarah El Safty DUBAI, Feb 5 (Reuters) - Sugar consumption is declining in the United States and Western Eur...Reuters
Thu, Feb 5
Panama's president says port contracts will not be issued to a single operator
By Elida Moreno PANAMA CITY, Feb 5 (Reuters) - Panamanian President Jose Raul Mulino said on Thursday that the concession of contracts to operate two ports held and operated for nearly three decades by Hong Kong's CK Hutchison Holdings 0001.HK will "never again" be issued to a single...Reuters
Thu, Feb 5
US provides rare earths miner Serra Verde with $565 million financing, stake option
By Eric Onstad LONDON, Feb 5 (Reuters) - The U.S. government has agreed a financing deal worth $565 million with Brazilian rare earths miner Serra Verde, which includes the option to take a minority equity stake, the firm said on Thursday.The deal is part of a wide-ranging package announced on We...Reuters
Thu, Feb 5
Newmont Member Of Workforce Has Died Following Incident At Tanami Mine Site On February 4
Feb 5 (Reuters) - Newmont Corporation NEM.N:NEWMONT: MEMBER OF OUR WORKFORCE HAS DIED FOLLOWING INCIDENT AT TANAMI MINE SITE IN THE NORTHERN TERRITORY, AUSTRALIA, ON FEBRUARY 4NEWMONT: ALL ACTIVITIES AT TANAMI SITE HAVE BEEN SUSPENDEDReuters
Thu, Feb 5
