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Venezuela's PDVSA offers expanded oil areas to joint venture partners, sources say
Talks include U.S. Chevron, Spain's Repsol and France's Maurel & PromNegotiations are expected to be completed in six monthsMost areas on offer are near oilfields partners currently participate inBy Marianna Parraga and Sheila DangHOUSTON/CARACAS, Feb 12 (Reuters) - Venezuela's state...Reuters
7 minutes ago
US Cash Crude-Grades little changed as WTI/Brent spread stays wide
HOUSTON, Feb 12 (Reuters) - Coastal grades firmed on Thursday, dealers said, as the WTI/Brent spread stayed wide.The spread between WTI and Brent traded as wide as minus $4.94 during the session. A spread larger than minus $4 typically encourages export demand, driving prices higher. World oil deman...Reuters
an hour ago
US publishes interim tax credit rules meant to restrict China clean energy influence
Feb 12 (Reuters) - The U.S. Treasury Department on Thursday unveiled interim rules for enforcing provisions in President Donald Trump's new tax law that restrict companies from claiming federal clean energy subsidies if they are overly reliant on Chinese-made equipment.The guidance, which applie...Reuters
2 hours ago
PJM to extend capacity auction price cap for two years, Pennsylvania governor says
Feb 12 (Reuters) - Grid operator PJM Interconnection has agreed to extend a price cap on its capacity auctions for another two years following legal action by the state, Pennsylvania Governor Josh Shapiro said in a post on X on Thursday.Shapiro said the move is expected to save 67 million Americans ...Reuters
2 hours ago
US-led oil sales from Venezuela to bring in $5 billion in months, energy chief Wright tells NBC News
US to control Venezuelan oil sales until representative government establishedExxon Mobil cautious about investing in Venezuela, gathering dataWright visits Venezuela, meets Interim President Rodriguez, tours Chevron facilitiesBy Timothy Gardner and Sheila Dang Feb 12 (Reuters) - Oil sales from V...Reuters
2 hours ago
Trump revokes basis of US climate regulation, ends vehicle emission standards
Trump repeals finding that greenhouse gas emissions endanger human healthEnds federal greenhouse gas emission standards for vehiclesIt is most weeping climate change policy rollback by the administration to dateBy Valerie Volcovici and David Shepardson WASHINGTON, Feb 12 (Reuters) - The administr...Reuters
2 hours ago
GRAINS-Soybeans extend gains on China demand optimism; wheat up nearly 3%
Soybeans climb on signs of thawing US relations with ChinaSoy export hopes offset rising estimates of South American cropsWheat climbs on bargain-buying, short coveringCorn follows firm trend; weekly export sales top expectationsBy Julie Ingwersen CHICAGO, Feb 12 (Reuters) - Chicago soybean futur...Reuters
2 hours ago
Air Canada expects 2026 core profit slightly above estimates on international demand
By Shivansh Tiwary and Abhinav Parmar Feb 12 (Reuters) - Air Canada AC.TO forecast 2026 core profit marginally above Wall Street estimates on Thursday, betting on strong demand on international routes outside the U.S. and a surge in premium travel.Even as domestic demand shows signs of cooling, i...Reuters
2 hours ago
Vale posts $3.8 billion Q4 loss on nickel assets impairment
SAO PAULO/RIO DE JANEIRO, Feb 12 (Reuters) - Brazilian miner Vale VALE3.SA on Thursday reported that its fourth-quarter net loss widened versus the same period of 2024, citing an impairment of nickel assets in Canada and a tax effect.Vale, one of the world's largest iron ore producers, posted a ...Reuters
2 hours ago
Gold falls to near $4,900 as selling pressure intensifies
Gold price (XAU/USD) faces some selling pressure around $4,910 during the early Asian session on Friday. The yellow metal tumbles over 3.50% on the day, with algorithmic traders appearing to amplify the precious metal’s sudden drop.
Fxstreet
2 hours ago
CANADA-CRUDE-Discount on Western Canada Select steady
Feb 12 (Reuters) - The discount on Western Canada Select crude oil to North American benchmark West Texas Intermediate futures CLc1 was steady on Thursday.WCS for March delivery in Hardisty, Alberta, settled at $15.75 a barrel below the U.S. benchmark WTI, according to brokerage CalRock, steady on W...Reuters
2 hours ago
CIF/FOB Gulf Grain-Soybean barge bids firm on China buying hopes, corn flat-lower
CHICAGO, Feb 12 (Reuters) - Basis bids for soybeans shipped by barge to U.S. Gulf Coast terminals were firmer on Thursday on expectations that top importer China would increase U.S. purchases later in the season despite ample supplies available from Brazil, traders said.CIF corn basis bids were flat...Reuters
2 hours ago
RPT-ANALYSIS-Global shipping industry sticks with green investments, despite carbon price delay
Shipping accounts for nearly 3% of greenhouse gas emissionsIMO to consider carbon price again this yearShipping, energy companies forge ahead with green investmentsRules may change again over ships' 30-year lifespans, Wartsila CEO saysBy Enes Tunagur and Jeslyn Lerh LONDON/SINGAPORE, Feb 12 (...Reuters
2 hours ago
CBOT corn ends higher, led by strength in soy and wheat
CHICAGO, Feb 12 (Reuters) - Chicago Board of Trade corn futures closed higher on Thursday on spillover strength from soybeans and wheat as well as better-than-expected weekly U.S. export sales, traders said.CBOT March corn CH26 settled up 3-3/4 cents at $4.31-1/4 per bushel. Strong weekly export da...Reuters
3 hours ago
US and North Macedonia reach framework deal on tariffs, LNG purchases
WASHINGTON, Feb 12 (Reuters) - The Trump administration and North Macedonia on Thursday announced the framework of a trade deal that eliminates all North Macedonian tariffs on U.S. industrial and agricultural imports, while maintaining a 15% tariff rate on goods from the land-locked Balkan country.A...Reuters
3 hours ago
Canadian miner Agnico Eagle's Q4 net income rises on higher gold prices
OverviewCanada gold miner's Q4 net income rises to $1.5 bln, driven by higher gold pricesRecord free cash flow of $1.3 bln in Q4, supported by strong operating marginsQuarterly dividend increased by 12.5%, reflecting strong financial performanceOutlookAgnico Eagle forecasts annual gold productio...Reuters
3 hours ago
CBOT wheat nears 3-month high on bargain-buying, short covering
CHICAGO, Feb 12 (Reuters) - Chicago Board of Trade wheat futures rose nearly 3% on Thursday on chart-based buying and short-covering, traders said.CBOT March soft red winter wheat WH26 settled up 15-1/4 cents, or 2.8%, at $5.52-1/2 per bushel, after reaching $5.53-1/2, the contract's highest sin...Reuters
3 hours ago
