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Oil prices rise on concerns about US-Iran tensions
Brent, WTI climb about 0.4%Trump says talks with Tehran will continueLarge build in US crude stocks caps oil price gain By Sam Li and Lewis Jackson BEIJING, Feb 12 (Reuters) - Oil prices edged up on Thursday morning as investors worried about escalating tensions between the U.S. and Iran, and fea...Reuters
11 minutes ago
RPT-Nigeria's Dangote refinery says crude unit and petrol block running at capacity in tests
By Isaac AnyaoguLAGOS, Feb 12 (Reuters) - Dangote Petroleum Refinery's crude distillation unit (CDU) and gasoline block were back online and running at the plant’s 650,000 barrels per day capacity during 72‑hour performance tests carried out with Honeywell UOP HON.O, the refinery said late on We...Reuters
30 minutes ago
Nigeria's Dangote refinery says crude unit and petrol block running at capacity in tests
By Isaac AnyaoguLAGOS, Feb 12 (Reuters) - Dangote Petroleum Refinery's crude distillation unit (CDU) and gasoline block were back online and running at the plant’s 650,000 barrels per day capacity during 72‑hour performance tests carried out with Honeywell UOP HON.O, the refinery said late on We...Reuters
32 minutes ago
Magnum reports full-year net profit drop in first results since Unilever ice cream spinoff
LONDON, Feb 12 (Reuters) - The Magnum Ice Cream Company MICCT.AS reported a 48.4% drop in full-year net profit on Thursday, driven by separation, restructuring and finance costs as the company finalised its spinoff from Unilever ULVR.L to list in December. Net profit fell to 307 million euros ($364....Reuters
52 minutes ago
China will make fair ruling on Canadian canola, says commerce ministry
BEIJING, Feb 12 (Reuters) - China will make a fair and final ruling on Canadian Canola, the Chinese commerce ministry said on Thursday, adding that its anti-dumping probe into the oilseed has been extended to March 9.The extension is due to the "complexity" of the case, He Yadong, a ministry...Reuters
an hour ago
Inpex Executive - Plan Growth Investment Of 850 Billion Yen For 2026, Significantly Up From 387 Billion Yen In 2025
Feb 12 (Reuters) - Inpex Corp 1605.T:INPEX EXECUTIVE: PLAN GROWTH INVESTMENT OF 850 BILLION YEN FOR 2026, SIGNIFICANTLY UP FROM 387 BILLION YEN IN 2025INPEX EXECUTIVE: EXPECT OPERATING RATE IN ICHTHYS LNG PROJECT IN AUSTRALIA TO SLOW DOWN IN 2026 DUE TO CONSTRUCTION WORK TO ADD BOOSTER COMPRESSOR...Reuters
an hour ago
Magnum reports full-year net profit drop in first results since Unilever ice cream spinoff
LONDON, Feb 12 (Reuters) - The Magnum Ice Cream Company MICCT.AS reported a 48.4% drop in full-year net profit on Thursday, driven by separation, restructuring and finance costs as the company finalised its spinoff from Unilever ULVR.L to list in December. Net profit fell to 307 million euros ($364....Reuters
an hour ago
Outokumpu Q4 EBITDA Loss Widens To EUR 27 Mln
Feb 12 (Reuters) - Outokumpu Oyj OUT1V.HE:Q4 EBITDA EUR -27 MILLIONQ4 SALES EUR 1,160 MILLION VERSUS. ESTIMATE EUR 1,199 MILLIONQ4 EBIT EUR -83 MILLIONQ4 ADJUSTED EBITDA EUR 10 MILLION VERSUS. ESTIMATE EUR 4.1 MILLIONQ4 EPS EUR -0.14Q4 ADJUSTED EBIT EUR -45 MILLIONQ4 NET INCOME EUR -65 MILLIONPROPOS...Reuters
an hour ago
TECHNICALS-CBOT corn signals mixed
SINGAPORE, Feb 12 (Reuters) - Signals are mixed for CBOT March corn CH26 as it keeps swinging back and forth around a rising trendline.The strong bounce triggered by the support at $4.25-1/2 per bushel might be classified as a pullback toward the trendline, or a continuation of the uptrend from $4.1...Reuters
an hour ago
ROI-Trump rate hopes and CBO budget math don't chime: Mike Dolan
By Mike Dolan LONDON, Feb 12 (Reuters) - President Donald Trump is insisting - and not for the first time - that U.S. interest rates should be the lowest in the world. Bond markets eyeing the latest long-term budget math beg to differ.Trump's dogged insistence on slashing interest rates is in...Reuters
an hour ago
Russia to deliver crude oil and fuel to Cuba soon, Izvestia newspaper reports
Cuba is facing a severe fuel shortage due to US actionsIsland warned that jet fuel was no longer availableRussia last supplied Cuba with oil in February 2025 MOSCOW, Feb 12 (Reuters) - Russia is preparing to dispatch crude oil and fuel cargoes to Cuba in the near future, Izvestia newspaper said o...Reuters
2 hours ago
Russia to deliver crude oil and fuel to Cuba soon, Izvestia newspaper reports
MOSCOW, Feb 12 (Reuters) - Russia is preparing to dispatch crude oil and fuel cargoes to Cuba in the near future, Izvestia newspaper said on Thursday, citing the Russian embassy in Cuba.Cuba has experienced a fuel crunch as the United States has moved to cut off the communist-run nation's oil su...Reuters
2 hours ago
ROI-Can Africa win as the West and China scramble for minerals?: Russell
Reuters Open Interest (ROI) https://www.reuters.com/commentary/reuters-open-interest/ is your essential source for global financial commentary. By Clyde Russell CAPE TOWN, Feb 12 (Reuters) - Two multi-billion dollar rail projects in Africa. One headed west, the other east. One backed by Western c...Reuters
2 hours ago
PRESS DIGEST-British Business - February 12
Feb 12 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- Heineken HEIN.AS will cut about 6,000 jobs, or 7% of its workforce, as weakening demand for alcohol prompts the D...Reuters
2 hours ago
EU leaders to brainstorm how to compete with US, China at castle 'retreat'
EU Growth has lagged major economic rivalsBloc contending with tariffs, restrictions on key mineralsReport by Draghi seen as blueprint to boost competitivenessVon der Leyen wants leaders to commit to timetable at March summitBy Julia Payne and Philip Blenkinsop ALDEN BIESEN, Belgium, Feb 12 (Reut...Reuters
2 hours ago
TABLE-North Sea gas maintenance schedule
Feb 12 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...Reuters
3 hours ago
China to brief metals firms on rare earth export controls next month
BEIJING, Feb 12 (Reuters) - A Chinese metals industry body will hold a policy briefing next month on rare earth and other critical minerals exports, as Beijing tightens controls on strategic materials and steps up oversight of dual-use goods, according to an event notice.KEY DETAILS:The China Chambe...Reuters
4 hours ago
Gold retreats from two-week high as strong US NFP tempers March Fed rate cut bets
Gold (XAU/USD) edges lower during the Asian session on Thursday and reverses part of the previous day's positive move to a nearly two-week high. The commodity, however, lacks follow-through selling and currently trades just above the $5,050 level, down less than 0.50% for the day, amid mixed cues.Fxstreet
5 hours ago
