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US refiner PBF Energy posts unexpected profit as margins improve
By Katha Kalia and Nicole Jao NEW YORK, Feb 12 (Reuters) - Refiner PBF Energy PBF.N reported a surprise profit on Thursday as lower crude oil prices lifted refining margins.PBF earned 49 cents per share on an adjusted basis in the fourth quarter, compared with analysts' estimates of a loss o...Reuters
20 minutes ago
US Cash Grains-Corn, soy bids mixed in quiet trade
CHICAGO, Feb 12 (Reuters) - Basis bids for corn and soybeans were mixed in the U.S. Midwest on Thursday in quiet trade. The soybean basis ticked lower at an Ohio elevator and higher at an Illinois river terminal.The corn basis was lower at a river terminal and higher at two ethanol plants.Chicago so...Reuters
21 minutes ago
Oil prices tumble more than $1 as IEA cuts demand forecast
Trump says talks with Tehran will continueLarge build in US crude stocks caps price gains IEA lowers global oil demand forecast for 2026By Erwin Seba HOUSTON, Feb 12 (Reuters) - Oil prices tumbled by more than $1 a barrel on Thursday as investors gave more weight to the International Energy Agenc...Reuters
27 minutes ago
EXCLUSIVE-CME to list Taiwan, Hong Kong warehouses in Asia aluminium push, sources say
Warehousing firms Steinweg, Pacorini apply to list in TaiwanHenry Bath, GKE seek approval for aluminium sheds in Hong KongCME aluminium trade volumes, inventories dwarfed by LME'sBy Tom Daly and Pratima Desai LONDON, Feb 12 (Reuters) - CME Group is set to approve Taiwan and Hong Kong as wareh...Reuters
36 minutes ago
Trump touts good relations with Venezuela, says oil magnate Sargeant does not represent US
WASHINGTON, Feb 12 (Reuters) - U.S. President Donald Trump said on Thursday that billionaire energy entrepreneur and Republican donor Harry Sargeant III has no authority to act on behalf of the U.S., adding that relations between the U.S. and Venezuela had been "extraordinary.""He has no...Reuters
39 minutes ago
Jera Announces Close Of Haynesville Shale Gas Asset In Louisiana
Feb 12 (Reuters) - JERA CO: JERA ANNOUNCES CLOSE OF HAYNESVILLE SHALE GAS ASSET IN LOUISIANAJERA CO: CLOSES AGREEMENT WITH WILLIAMS AND GEP HAYNESVILLE II, LLC TO ACQUIRE 100% OF THEIR RESPECTIVE INTERESTS IN SHALE GAS ASSET IN LOUISIANAReuters
47 minutes ago
Chevron's El Segundo refinery to restart fire-damaged unit in early March, IIR Energy says
NEW YORK, Feb 12 (Reuters) - Chevron's CVX.N 285,000-barrel-per-day El Segundo refinery aims to restart its fire-damaged unit by early March, sooner than previously expected, IIR Energy said on Thursday.A large fire erupted in a Isomax unit, which converts mid-distillate fuel oil into jet fuel, ...Reuters
an hour ago
US natgas futures rise 3% on near-record LNG export flows, big storage withdrawal
EIA reports larger-than-usual gas storage withdrawalWaha Hub prices remain negative due to pipeline constraintsLSEG forecasts lower gas demand amid milder weatherBy Scott DiSavinoNEW YORK, Feb 12 (Reuters) - U.S. natural gas futures climbed about 3% on Thursday on near-record flows to liquefied natu...Reuters
an hour ago
Silver retreats as US jobs data temper rate-cut expectations
Silver (XAG/USD) trades lower on Thursday, hovering around $82.85 at the time of writing, down 1.95% on the day. The white metal is correcting after posting a weekly high at $86.30, while the immediate bullish structure remains intact despite the current pullback.
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an hour ago
AEP expands spending plan as it doubles data center electricity demand deals
By Laila Kearney and Vallari Srivastava Feb 12 (Reuters) - American Electric Power AEP.O is expanding its five-year capital expenditure plan beyond $72 billion as the major U.S. electric utility doubles its signed power deals with data centers, executives with the company said on Thursday.U.S. e...Reuters
an hour ago
India will buy US LNG if offered at reasonable price, Petronet CEO says
Trump agrees to lower tariffs on Indian goodsAsks India to double imports from USIndia wants more gas in energy mixBy Nidhi Verma NEW DELHI, Feb 12 (Reuters) - India will buy U.S. liquefied natural gas if it is offered at reasonable rates, the head of the country's top gas importer Petronet L...Reuters
2 hours ago
Americans ditch premium trims for entry-level cars as affordability takes a hit
By Nathan GomesFeb 12 (Reuters) - For American buyers, affordable cars have not been this hot since the Gulf War sent gas prices climbing and Japanese automakers took market share by offering a simple proposition: "fill it, forget about it".Steep sticker prices on new cars are pushing Americ...Reuters
2 hours ago
US forecaster sees signs of La Nina shift towards El Nino conditions in early 2026
Feb 12 (Reuters) - There is a 60% chance of a shift in the climate phenomenon known as La Niña towards El Nino in February-April 2026, with this pattern, known as ENSO-neutral, likely to persist through the Northern Hemisphere summer, the U.S. Climate Prediction Center said on Thursday."Atmosphe...Reuters
2 hours ago
Chile lithium revenue comes in under half projected amount in 2025, newspaper reports
SANTIAGO, Feb 12 (Reuters) - Chile's lithium revenues came in at less than half the amount projected by the government in 2025 as prices of the white metal sank, causing a budget shortfall, according to a report from newspaper El Mercurio on Thursday.Economic growth agency Corfo holds lucrative ...Reuters
2 hours ago
US natgas futures surge 3% on near-record LNG export flows, ahead of storage report
Near-record LNG export flows boost U.S. natural gas futuresAnalysts forecast significant gas storage withdrawals amid recent Arctic blastWaha Hub prices remain negative due to pipeline constraintsBy Scott DiSavinoNEW YORK, Feb 12 (Reuters) - U.S. natural gas futures climbed about 3% on Thursday on n...Reuters
3 hours ago
Diana Shipping Inc. Announces Time Charter Contract For M/V Phaidra With Nyk
Feb 12 (Reuters) - Diana Shipping Inc DSX.N:DIANA SHIPPING INC. ANNOUNCES TIME CHARTER CONTRACT FOR M/V PHAIDRA WITH NYKDIANA SHIPPING INC - GROSS CHARTER RATE SET AT US$14,500 PER DAYDIANA SHIPPING INC - DELIVERY OF TWO METHANOL DUAL FUEL VESSELS EXPECTED BY 2028DIANA SHIPPING INC - PHAIDRA EXPECTE...Reuters
3 hours ago
Low-sulphur gasoil deliveries for February fall at expiry, ICE data shows
Feb 12 - Deliveries of low-sulphur gasoil LGOc1 for February fell to 2,716 lots or 271,600 tons at expiry, down from 2,902 lots in January, Intercontinental Exchange data showed on Thursday.The contract expired at 684.5 a ton.Reuters
3 hours ago
McDonald's India outlet gets regulatory warning over rotten tomatoes, reused oil
Unsafe reused oil, spoilt tomatoes found at Jaipur outletMcDonald’s India warned, given 14 days to fix violationsFood safety officers seized samples for testing Franchise says it follows global standards, is cooperatingBy Saurabh SharmaNEW DELHI, Feb 12 (Reuters) - Indian food safety officials have...Reuters
3 hours ago
