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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 NEW YORK, Feb 11 (Reuters) - Oil prices gained more than 2% on Wednesday, buoyed by potential supply risks should tensions between ...Reuters
11 minutes ago
Namibia is 'golden province' for TotalEnergies, says deputy CFO
PARIS, Feb 11 (Reuters) - Namibia is a "golden province" for TotalEnergies, deputy chief financial officer Arnaud Le Foll said on Wednesday during an analyst call, adding that the company plans to explore a new prospect called Olympe, located near its Venus discovery.Le Foll also said that t...Reuters
38 minutes ago
Industry steps up pressure on EU to cut energy prices
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, Belgium, Feb 11 (Reuters) - Top business leaders urged the European Union on Wednesday to act urgently to bring down energy prices, ...Reuters
56 minutes ago
OPEC data indicate small Q2 surplus ahead of key OPEC+ decision on resuming oil output hikes
OPEC sees 400,000 bpd drop in demand for OPEC+ oil in Q2 vs Q1OPEC+ is pausing production hikes in first-quarter 2026OPEC+ eight members meet on March 1, expected to decide on resuming hikesFor 2026, OPEC data indicates supply deficit, in contrast to IEA's glutBy Alex Lawler LONDON, Feb 11 (R...Reuters
an hour ago
US natural gas futures hit 16-week low as forecasts predict warmer weather
Waha Hub prices remain negative due to pipeline constraintsLSEG reports increased gas output in Lower 48 statesMild weather may reduce storage deficit by early MarchBy Scott DiSavinoNEW YORK, Feb 11 (Reuters) - U.S. natural gas futures slid about 2% to a 16-week low on Wednesday on forecasts for war...Reuters
an hour ago
Attacks in Indonesia's Papua kill three, hit plane and Freeport convoy
JAKARTA, Feb 11 (Reuters) - Three people were killed and several injured in shootings in two areas of Indonesia's easternmost region of Papua, including near the operations of gold and copper miner Freeport Indonesia, authorities said.A pilot and co-pilot of a small commercial Smart Air plane di...Reuters
an hour ago
CBOT Trends-Wheat up 2-3 cents, corn and soybeans steady-down 1
CHICAGO, Feb 11 (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 Wednesday: WHEAT - Up 2 to 3 cents per bushelCBOT wheat rebounded after a three-day fall, supported by a weaker dollar....Reuters
an hour ago
TotalEnergies halves buybacks as low oil, gas prices weigh on profits
Fourth-quarter profit down 13%Share buyback for Q1 slashed on low oil pricesRefining profits jump more than 200%By America Hernandez PARIS, Feb 11 (Reuters) - TotalEnergies TTEF.PA will halve share buybacks in the first quarter, it said on Wednesday, as low oil and gas prices negated soaring four...Reuters
an hour ago
Optex Systems Q1 revenue up 11.6%, gross margin falls
OverviewOptical sighting systems maker's Q1 revenue rose 11.6% yr/yrGross margin fell to 22.9% due to increased gold costsCompany incurred $0.3 mln in non-recurring costs for CEO transition and other executive changesOutlookOptex expects higher revenues and gross profits in fiscal year 2026Optex...Reuters
an hour ago
PRESS DIGEST-Canada - February 11
Feb 11 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAILCanada is poised to certify American-made Gulfstream business jets after years of delays, the head of the U.S. Federa...Reuters
an hour ago
RPT-ROI-US turns multilateral in search of critical mineral security: Andy Home
By Andy Home LONDON, Feb 11 (Reuters) - U.S. President Donald Trump has just unveiled "Project Vault", a $12 billion critical minerals stockpile intended to cushion U.S. manufacturers from supply disruption. But to fill the Vault with the 60 minerals currently classified as critical, the ...Reuters
an hour ago
Norway wealth fund seeks battery storage investment as market matures
By Nora Buli OSLO, Feb 11 (Reuters) - Norway's sovereign wealth fund said on Wednesday it hopes to make its first investments in battery storage systems, reflecting the growing prominence of batteries in stabilising increasingly intermittent power markets.The $2.2 trillion sovereign fund, the...Reuters
2 hours 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
2 hours 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
2 hours 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
2 hours 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
2 hours 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
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 project, while SOCAR Green owns 39.99%, and Azerbaijan Business Development Fund and MVM each own 10%, BP said...Reuters
3 hours 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
3 hours ago
