News
Important Only
US judge unfreezes funding for $16 billion New York City tunnel project
Trump administration has frozen $205 million in federal funding since OctoberDemocrats criticize Trump's demand that landmarks be renamed for him in exchange for fundingSuspension would affect 1,000 workers, could threaten rail infrastructure By Jack Queen and David Shepardson NEW YORK/WASHIN...Reuters
55 minutes ago
Union agrees to US refineries contract, averting nationwide strike
Four-year deal includes 15% pay raise, $2,500 signing bonusUSW sought 16% raise, Marathon firm on final offerContract replaces current one, which was extended before February 1 expirationUnion tells BP Indiana refinery employees to prep for strike, lockoutBy Erwin Seba and Nicole JaoHOUSTON, Feb 6 (...Reuters
2 hours ago
Cuba to protect essential services as U.S. moves to cut off oil supply
HAVANA, Feb 6 (Reuters) - Cuba's communist-run government on Friday detailed a wide-ranging plan to protect essential services and ration fuel, digging in its heels in defiance of a U.S. move to cut off oil supply to the Caribbean island.A swath of measures promise to guarantee fuel supply for r...Reuters
2 hours ago
US Cash Grains-Corn, soybean basis bids steady to lower
CHICAGO, Feb 6 (Reuters) - Spot basis bids for soybeans were flat to down at elevators and processors in the U.S. Midwest on Friday, a spot check of locations showed, as futures rose for a fourth straight session. The soybean basis rose at an elevator in Council Bluffs, Iowa and a processor in Des M...Reuters
2 hours ago
Brazil's Eneva in talks for joint venture with Maha in Venezuela, sources say
By Rodrigo Viga Gaier and Marta Nogueira RIO DE JANEIRO, Feb 6 (Reuters) - Brazilian energy firm Eneva ENEV3.SA is considering options to enter Venezuela's oil and natural gas sector and is in talks with Sweden's Maha Capital MAHAa.ST over creating a possible joint venture there, two sour...Reuters
3 hours ago
Tesla executives say company is hiring to support Musk’s expanded solar strategy
Tesla hiring to pursue Musk plan for 100 GW of US solar manufacturingGoal far exceeds current US solar manufacturing capacityJob post says plan is to meet solar manufacturing goal by end of 2028By Nichola Groom Feb 6 (Reuters) - Tesla TSLA.O is hiring to support founder Elon Musk's recent...Reuters
3 hours ago
Brazil's Eneva in talks for joint venture with Maha in Venezuela, sources say
By Rodirgo Viga Gaier and Marta NogueiraRIO DE JANEIRO, Feb 6 (Reuters) - Brazilian energy firm Eneva is evaluating options to operate in Venezuela's oil and natural gas sector and has begun talks with Sweden's Maha Capital for a joint venture, two sources with direct knowledge of the matter...Reuters
3 hours ago
PHMSA issues winter weather advisory for US pipeline operators
Feb 6 (Reuters) - The U.S. Pipeline and Hazardous Materials Safety Administration (PHMSA) issued a safety advisory to operators of gas and hazardous liquid pipelines, warning of risks linked to extreme winter weather conditions.PHMSA said heavy snowfall and ice accumulation, rapid winter thaws and f...Reuters
4 hours ago
Trump signs proclamation increasing Argentine beef imports
By Tom Polansek Feb 6 (Reuters) - U.S. President Donald Trump on Friday signed a proclamation to hike the country's low-tariff imports of Argentine beef, though economists have said the attempt to lower costs for American consumers will likely have little impact on prices. A White House of...Reuters
5 hours ago
CANADA-CRUDE-Discount on Western Canada Select steadies
Feb 6 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 was steady on Friday. WCS for March delivery in Hardisty, Alberta, settled at $15.25 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, flat on Thurs...Reuters
5 hours ago
CIF/FOB Gulf Grain-Soybean barge basis bids firm, corn bids ease
CHICAGO, Feb 6 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals firmed on Friday, and corn basis bids eased, as this week's rally in U.S. soybean futures stretched on, traders said.Chicago Board of Trade soybeans Sv1 continued a three-day rally on Friday, fueled ...Reuters
5 hours ago
BP has no plans to honor the national oil bargaining agreement, union says
By Nicole Jao NEW YORK, Feb 6 (Reuters) - The union representing hundreds of workers at BP's Whiting refinery, the largest refinery in the Midwest, said on Friday the British oil major does not intend to honor the national oil bargaining agreement.This comes after the United Steelworkers ...Reuters
5 hours ago
US Cash Crude-Mars rises as WTI/Brent spread widens
HOUSTON, Feb 6 (Reuters) - Grades broadly fell on Friday, dealers said, although Mars bucked the trend to edge higher as the WTI/Brent spread widened. The spread between WTI and Brent widened to a discount of as much as minus $4.75 during the session. A spread larger than minus $4 typically encourag...Reuters
5 hours ago
BP has no plans to honor the National Oil Bargaining Program, USW says
NEW YORK, Feb 6 (Reuters) - United Steelworkers said on Friday BP BP.L has no plans to honor the National Oil Bargaining Program.“BP maintains they have no plans to honor the National Oil Bargaining Program – the first time that has happened," Eric Schultz, president of USW 7-1, said in an email...Reuters
6 hours ago
LIVESTOCK-Cattle futures end week higher on tight supply
By Heather Schlitz CHICAGO, Feb 6 (Reuters) - CME live and feeder cattle futures finished higher on Friday, on the back of a tight cattle supply and the continued closure of the U.S.-Mexico border to cattle imports.CME April live cattle LCJ26 finished 51.65 cents to end at 237.25 cents per pound,...Reuters
6 hours ago
Tesla executives say hiring is ramping up to support Musk’s expanded solar strategy
Tesla hiring to pursue Musk plan for 100 GW of US solar manufacturingGoal far exceeds current US solar manufacturing capacityJob post says plan is to meet solar manufacturing goal by end of 2028By Nichola Groom Feb 6 (Reuters) - Tesla TSLA.O is hiring to support founder Elon Musk's recently a...Reuters
6 hours ago
US oil production, demand fell to multi-month lows in November, EIA data shows
By Shariq Khan and Scott DiSavinoNEW YORK, Feb 6 (Reuters) - U.S. oil production fell in November to the lowest since July, while oil demand fell to the lowest since April, data from the Energy Information Administration showed on Friday.Crude oil output fell to 13.78 million bpd in November, down a...Reuters
6 hours ago
