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EXCLUSIVE-CME looks into launching first ever rare earth futures contract, sources say
ICE exploring rare earth futures, but less advanced than CMENdPr futures could mitigate financial exposure to rare earthsRare earths crucial for EVs, electronics, and defence sectorBy Eric Onstad and Pratima Desai LONDON, Feb 11 (Reuters) - CME Group CME.O is working on a plan to launch the world...Reuters
19 minutes ago
France investigates death of third baby who consumed recalled formula
By Sybille de La Hamaide PARIS, Feb 11 (Reuters) - French investigators are examining the death of a third baby who had consumed infant formula covered by precautionary recalls, the French health ministry said on Wednesday.Nestle NESN.S, Danone DANO.PA and privately owned Lactalis have recalled b...Reuters
47 minutes ago
US crude stockpiles rose by most in a year last week, EIA says
NEW YORK, Feb 11 (Reuters) - U.S. crude stockpiles rose by 8.5 million barrels to 428.8 million barrels in the week ended February 6, the biggest week-over-week increase since January 2025, the U.S. Energy Information Administration said in its weekly Petroleum Status Report on Wednesday.Reuters
58 minutes ago
Russia to fly its tourists out of Cuba and then suspend airline operations due to fuel crisis
MOSCOW, Feb 11 (Reuters) - Russia plans to fly its tourists out of Cuba in the coming days and then suspend all flights until a jet fuel shortage eases, aviation regulator Rosaviatsia said on Wednesday.It said Rossiya, part of the Aeroflot group, and Severny Veter (Nordwind) would only be operating ...Reuters
an hour ago
FOCUS-US trucking market sees signs of recovery as Valentine's Day flower shipments arrive
Temperature-controlled truck rates rise due to cold weather and driver shortagesImmigration crackdown affects driver availabilityTrucking market recovery may be temporary, analysts warnBy Abhinav Parmar and Lisa Baertlein Feb 11 (Reuters) - Florida trucking company owner David Armellini is paying...Reuters
an hour ago
TotalEnergies halves buybacks, maintains growth plans 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 but is committed to growing its oil and gas reserves, it said on Wedn...Reuters
2 hours ago
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
2 hours 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
2 hours 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
2 hours 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
3 hours 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
3 hours 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
3 hours 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
3 hours 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
3 hours 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
3 hours 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
3 hours 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
3 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
3 hours ago
