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Oil rises 2% on US–Iran tensions, improved demand
Trump hints at second carrier in Middle EastUS crude stocks likely rose last week, Reuters poll showsCrude draws at ARA, Fujairah suggest tight marketBy Seher Dareen LONDON, Feb 11 (Reuters) - Oil prices gained more than 2% on Wednesday, buoyed by potential supply risks should tensions between th...Reuters
20 minutes ago
Gold Reserve to raise $50.3 mln as it targets Venezuela re-entry
Feb 11 (Reuters) - Gold Reserve GRZ.V said on Wednesday it has hired brokerage Cantor Fitzgerald's Canadian arm to raise up to $50.3 million through a private placement of common shares, as it intends to rebuild its investor base and return to operations in Venezuela. The company operated the...Reuters
26 minutes ago
Russia to fly its tourists out of Cuba and then suspend airline operations due to fuel crisis
MOSCOW, Feb 11 (Reuters) - Two Russian airlines plan to fly Russian tourists out of Cuba in the coming days and then suspend operations until a jet fuel shortage eases, aviation regulator Rosaviatsia said on Wednesday.It named the airlines as Rossiya, part of the Aeroflot group, and Severny Veter (N...Reuters
31 minutes ago
Libya awards new oil, gas blocks to Chevron, Eni, others in first licensing round since 2007
QatarEnergy, Spain's Repsol, Turkey's TPOC among other winnersLibya remains politically divided, often leads to oil shutdownsNew investor-friendly contracts aim to help reach 2 mln bpd targetBy Ahmed Elumami TRIPOLI, Feb 11 (Reuters) - Libya on Wednesday awarded oil and gas exploration bl...Reuters
34 minutes ago
Libya awards new oil, gas blocks to Chevron, Eni, others in first bidding round since 2007
By Ahmed ElumamiTRIPOLI, Feb 11 (Reuters) - Libya awarded oil and gas exploration blocks to foreign firms on Wednesday, including Chevron, Eni, QatarEnergy and Repsol, in its first licensing round in nearly two decades as it seeks to revitalise the sector despite political risks.The National Oil Cor...Reuters
54 minutes ago
OPEC sees world demand for OPEC+ crude falling in second quarter
LONDON, Feb 11 (Reuters) - OPEC on Wednesday forecast world oil demand for crude from the wider OPEC+ producer group will drop by 400,000 barrels per day in the second quarter from the first three months of this year, a copy of its monthly oil report seen by Reuters shows.World demand for OPEC+ crud...Reuters
an hour ago
BP sells 10% stake in Shafag solar project to Hungary's MVM
LONDON, Feb 11 (Reuters) - BP BP.L has sold a 10% stake in its Shafag solar project in Azerbaijan to Hungary's MVM Energetika Zrt, the oil major said Wednesday.BP now owns 40.01% of the project, while SOCAR Green owns 39.99%, and Azerbaijan Business Development Fund and MVM each own 10%, BP said...Reuters
an hour ago
Egypt tells international oil firms to double output by 2030, Energean country head says
CAIRO, Feb 10 (Reuters) - Egypt has directed international oil companies to double production by 2030, Energean International's country manager for Egypt told Reuters on Tuesday, saying existing contracts must be revised to spur new investment.Nicolas Katcharov, Energean International CEO for Eg...Reuters
an hour ago
Attacks in Indonesia's Papua kill three, hit plane and Freeport convoy
JAKARTA, Feb 11 (Reuters) - Indonesian authorities said on Wednesday that three people were killed and several injured in shootings in two different areas of the country's easternmost region of Papua, including near the operations of gold and copper miner Freeport Indonesia.A pilot and co-pilot ...Reuters
an hour ago
GRAINS-Soybeans ease as traders weigh China demand, USDA report
BEIJING/PARIS, Feb 11 (Reuters) - Chicago soybean futures edged lower on Wednesday as the market took a breather following a recent rally fuelled by hopes of stronger Chinese demand, while traders assessed a U.S. government crop report.Wheat rebounded after a three-day fall, supported by a weaker do...Reuters
an hour ago
Wabtec forecasts 2026 profit above estimates as higher locomotive deliveries lift demand
Feb 11 (Reuters) - Locomotive parts maker Wabtec WAB.N forecast 2026 profit above Wall Street estimates on Wednesday, as higher locomotive deliveries drive strong demand for its products.The Pittsburgh, Pennsylvania-based company expects 2026 adjusted profit per share between $10.05 and $10.45, the ...Reuters
an hour ago
Fix energy prices to be competitive, business leaders tell EU
Companies say costs hurt EU versus US, ChinaCEOs warn that power pricing structure is hiking costsHigh energy bills push investment out of EUBy Kate Abnett ANTWERP, Feb 11 (Reuters) - Top business leaders urged the European Union on Wednesday to act urgently to bring down energy prices, saying th...Reuters
2 hours ago
BP sells 10% stake in Shafag solar project to Hungary's MVM
LONDON, Feb 11 (Reuters) - BP BP.L has sold a 10% stake in its Shafag solar project in Azerbaijan to Hungary's MVM Energetika Zrt, the oil major said Wednesday.BP now owns 40.01% of the Shafag project, while SOCAR Green owns 39.99%, Azerbaijan Business Development Fund owns 10% and MVM owns 10%,...Reuters
2 hours ago
Ford Aluminum Supplier Expects Fire-Damaged Plant To Be Repaired In June - WSJ
Feb 11 (Reuters) - FORD ALUMINUM SUPPLIER EXPECTS FIRE-DAMAGED PLANT TO BE REPAIRED IN JUNE - WSJNOVELIS ESTIMATES REPAIRS TO COST AT LEAST $255 MILLION; FORD DISCLOSES $2 BILLION HIT FROM OUTAGE - WSJSource text: [https://tinyurl.com/485ns8bjReuters
2 hours ago
Indian jeweller Titan poised for double‑digit Q4 profit rise, CFO says
By Komal Salecha Feb 11 (Reuters) - India's Titan TITN.NS expects double-digit percentage growth in profit for the ongoing quarter, the jeweller's CFO said on Wednesday, as demand remains resilient amid firm gold prices. The Bengaluru-based firm, known for its Tanishq and CaratLane brands...Reuters
2 hours ago
REFILE-Libya awards oil and gas exploration blocks to Chevron and Repsol-TOPC consortium
TRIPOLI, Feb 11 (Reuters) - Chevron secured an exploration licence in Libya's Sirte S4 Basin in the country's latest oil and gas bidding round, the National Oil Corporation (NOC) said on Wednesday.A consortium comprising Repsol and Turkey's TOPC also won an exploration licence for Liby&#...Reuters
2 hours ago
Russia says US restrictions on its role in Venezuela's oil business are discrimination
Moscow is angry about new US restrictionsRussia, China and Iran are excluded in new rulesMoscow is seeking clarification from USRussia and Venezuela maintain long-standing tiesBy Dmitry Antonov and Vladimir Soldatkin MOSCOW, Feb 11 (Reuters) - Foreign Minister Sergei Lavrov said on Wednesday that...Reuters
3 hours ago
