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Wright will engage directly with interim Venezuelan President Delcy Rodriguez, Energy Department says
Feb 11 (Reuters) - U.S. Energy Secretary Chris Wright will engage directly with the interim Venezuelan leadership, including President Delcy Rodriguez, during his trip to the country, the Energy Department said Wednesday.Wright, who landed in Caracas on Wednesday morning, will also visit oil fields,...Reuters
6 minutes ago
EU wheat edges higher, supported by weaker euro and Chicago rise
PARIS, Feb 11 (Reuters) - European wheat edged higher on Wednesday, mainly supported by a fall of the euro against the dollar, making it more competitive on world markets, and a rise in Chicago.Front-month March milling wheat BL2H6 on Paris-based Euronext, settled at 190.50 euros ($226.54) a metric ...Reuters
11 minutes ago
Marathon shuts oil refinery in Catlettsburg, Kentucky due to power interruption, IIR Energy says
By Nicole JaoNEW YORK, Feb 11 (Reuters) - Marathon Petroleum MPC.N shut its refinery in Catlettsburg, Kentucky due to a power supply interruption on Tuesday evening, industry monitor IIR Energy said on Wednesday.The facility remains offline on Wednesday, IIR Energy said in a note. Marathon did not i...Reuters
21 minutes ago
US Plains HRW Wheat-Basis bids unchanged in muted trade
CHICAGO, Feb 11 (Reuters) - Basis bids for hard red winter wheat were flat in the U.S. Plains on Wednesday as farmers awaited rains expected over the weekend.Trade has slowed as producers seek to procure fertilizer and apply it ahead of weekend showers so the rain can activate the fertilizer.The wee...Reuters
37 minutes ago
ANALYSIS-Trump's rollback on greenhouse gases will cause confusion, could add costs, investors say
Rollback creates uncertainty for companies investing in emissions reductionRepeal adds regulatory uncertainty for carbon-intensive industriesInvestors continue to demand climate risk management despite U.S. policy changesBy Simon Jessop LONDON, Feb 11 (Reuters) - The Trump administration's de...Reuters
51 minutes ago
US Cash Grains-Corn, soy bids steady-higher in quiet trade
CHICAGO, Feb 11 (Reuters) - Basis bids for corn and soybeans were steady to higher in the U.S. Midwest on Wednesday in quiet trade, following a largely unsurprising U.S. Department of Agriculture monthly supply and demand report on Tuesday.Frost laws, which are temporary restrictions on vehicle weig...Reuters
an hour ago
Europe Gasoline/Naphtha-Gasoline refining margins fall
LONDON, Feb 11 (Reuters) - Northwest European gasoline refinery profit margins fell by 58 cents on Wednesday to about $9.25 a barrel.About 10,000 tons of E5 gasoline barges traded in the Argus window on Wednesday as Equinor and Trafigura sold to TotalEnergies and Varo.And a further 4,000 tons of Eur...Reuters
an hour ago
Marathon shuts 255,000 bpd refinery in Catlettsburg, Kentucky due to power supply interruption
NEW YORK, Feb 11 (Reuters) - Marathon Petroleum MPC.N shut its 255,000-barrel-per-day refinery in Catlettsburg, Kentucky due to power supply interruption yesterday evening, IIR Energy said on Wednesday.Marathon did not immediately respond to a request for comment.Reuters
an hour ago
Gold holds above $5,000 despite strong NFP and rising US yields
Gold (XAU/USD) price holds firm above $5,000 on Wednesday after the latest US jobs report exceeded forecasts, triggering a re-pricing for a less dovish than expected Federal Reserve (Fed) throughout the first semester of 2026. At the time of writing, XAU/USD trades at $5,054, up 0.61%.
Fxstreet
an hour ago
Silver rebounds strongly as solid US jobs data tempers rapid Fed rate cut expectations
Silver (XAG/USD) trades higher on Wednesday, hovering around $83.90 at the time of writing, up 3.65% on the day. The white metal maintains a constructive tone after absorbing the initial pressure triggered by the release of a solid US employment report, which briefly supported the US Dollar (USD).
Fxstreet
an hour ago
Oil up 2% as tension in Middle East offset large US crude stocks build
Trump hints at second carrier in Middle EastUS crude inventories rose more than expected, EIA saysUS job growth accelerated unexpectedly in JanBy Nicole Jao NEW YORK, Feb 11 (Reuters) - Oil prices gained nearly 2% on Wednesday, as investors worried about escalating tension between Iran and th...Reuters
an hour ago
BREAKINGVIEWS-Kraft Heinz boldly jams ketchup back into bottle
By Jeffrey GoldfarbNEW YORK, Feb 11 (Reuters Breakingviews) - Kraft Heinz KHC.O has stopped drinking the financial engineering Kool-Aid. New boss Steve Cahillane is nixing the packaged-food giant’s embrace of Wall Street gospel, shelving a breakup plan announced in September and dumping a decade of ...Reuters
an hour ago
US energy secretary arrives in Venezuela with Herculean task of oil recovery
US Energy Secretary Chris Wright to meet Venezuelan officials, Chevron, Repsol executivesVisit follows Maduro's capture, $2 billion oil supply dealUS aims to reshape global energy markets and pressure Russia, analyst saysBy Marianna Parraga and Nathan Crooks HOUSTON, Feb 11 (Reuters) - Venez...Reuters
2 hours ago
Pressure rises on Dubai port giant DP World over chief's alleged Epstein ties
Feb 11 (Reuters) - The UK development finance agency and Canada's second‑largest pension fund have suspended new investments with DP World after newly released files linked to late financier Jeffrey Epstein named the chief executive of the Dubai-based ports operator. Members of the U.S. Congress...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
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
2 hours 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
2 hours 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
3 hours ago
