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Oil prices settle slightly higher as optimism around US inflation data outweighs OPEC supply concerns
US CPI data suggests potential for further rate cuts, boosting risk appetiteOPEC+ may resume oil output increases from April, impacting summer fuel demandRussia says next Ukraine peace talks set for next weekInvestors watch for US-Iran talks, easing Venezuelan sanctions By Arathy Somasekhar HOUST...Reuters
4 minutes ago
IMF discussing electricity tariffs revisions with Pakistan
KARACHI, Feb 13 (Reuters) - The International Monetary Fund is discussing proposed electricity tariff revisions with Pakistan authorities, the fund said in a statement to Reuters on Saturday, adding that the burden of the revisions should not fall on middle‑ or lower‑income households."The o...Reuters
5 minutes ago
CBOT corn ends firm ahead of long US holiday weekend
CHICAGO, Feb 13 (Reuters) - Chicago Board of Trade corn futures closed modestly higher on Friday, supported by position-squaring ahead of a long U.S. holiday weekend and brisk export demand for U.S. supplies, traders said.CBOT March corn CH26 settled up 1/2 cent at $4.31-3/4 per bushel.For the week,...Reuters
7 minutes ago
Canada minister to lead major trade mission to Mexico, says Ottawa
OTTAWA, Feb 13 (Reuters) - Dominic LeBlanc, the federal government minister who will represent Ottawa when the U.S-Canada-Mexico trade treaty is reviewed this year, will lead a major trade mission to Mexico from February 15-20, Canada's foreign ministry said on Friday.Reuters
9 minutes ago
White House: no changes to Trump metals tariffs unless president announces them
White House official says Trump doubled tariffs on steel, aluminum and derivative products to 50% in 2025Steel group urges Trump to stay the course on metals tariffs for national securityBy David Lawder WASHINGTON, Feb 13 (Reuters) - Trump administration officials said on Friday that there would ...Reuters
16 minutes ago
CBOT wheat dips on position-squaring, India export prospects
CHICAGO, Feb 13 (Reuters) - Chicago Board of Trade wheat futures fell on Friday, retreating from multi-month highs set a day earlier, as traders booked profits and squared positions ahead of a long U.S. holiday weekend, traders said.Additional pressure stemmed from news that India's government w...Reuters
22 minutes ago
Trinidad's Atlantic LNG shuts its Train 3 plant for emergency repairs, sources say
Train 3 shutdown could cut Atlantic LNG's production by 25%BP and Shell hold 45% stake each in the complexTrain 4 maintenance planned for May-June, impact unclearBy Curtis WilliamsHOUSTON, Feb 13 (Reuters) - Trinidad and Tobago's flagship Atlantic LNG liquefied natural gas complex shut its T...Reuters
24 minutes ago
IMF discussing electricity tariffs revisions with Pakistan
KARACHI, Feb 13 (Reuters) - The International Monetary Fund is discussing proposed electricity tariff revisions with Pakistan authorities, the fund told Reuters, adding that the burden of the revisions should not fall on middle- or lower‑income households."The ongoing discussions with the author...Reuters
38 minutes ago
US natural gas futures climb with increased LNG export flows
Near-record LNG export flows boost demand Waha Hub prices remain negative due to pipeline constraintsLSEG reports increased gas output in Lower 48 statesBy Scott DiSavinoNEW YORK, Feb 13 (Reuters) - U.S. natural gas futures edged up to a one-week high on Friday before the long U.S. Presidents' D...Reuters
44 minutes ago
US issues permit for Triso-X to make HALEU uranium
WASHINGTON, Feb 13 (Reuters) - The U.S. nuclear power regulator said on Friday it issued a license to Triso-X to make a more highly enriched uranium fuel for commercial reactors at a plant in Oak Ridge, Tennessee. Triso-X, a subsidary of X-energy, plans to make high assay low enriched uranium, or HA...Reuters
47 minutes ago
Gold reclaims $5,000 as US inflation data ignites Fed cut speculation
Gold (XAU/USD) price makes a U-turn on Friday and trims some of Thursday’s losses, rising nearly 2% following the release of a softer-than-expected inflation report in the US, which increased speculation that the Federal Reserve (Fed) could lower rates.
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an hour ago
GRAINS-Wheat, soybean futures ease after rally; corn steady-higher
Wheat slips after two-day short-covering bounceReminders of ample global wheat supplies add pressureSoybeans pause rally; US-China trade relations remain in focusUS holiday weekend and Chinese New Year set to slow trade CHICAGO, Feb 13 (Reuters) - U.S. wheat and soybean futures fell on Friday, re...Reuters
an hour ago
TABLE-Mexico's Pemex sets March Maya price for international buyers
MEXICO CITY, Feb 13 - Mexican state oil company Pemex revised its March term pricing formulas for crude shipped to customers in the Americas, Europe and Asia, the company's trading arm said on Friday.The following table lists adjustments to price constants for Pemex's flagship Maya heavy cru...Reuters
2 hours ago
US drillers cut three oil rigs, add three gas rigs, leaving weekly count unchanged, says Baker Hughes
Total rig count unchanged at 551, down 6% from last year, says Baker HughesOil rigs fall to 409, lowest since January; gas rigs rise to 133, highest since July 2023EIA projects stable crude output, rising gas output and prices in 2026By Scott DiSavino NEW YORK, Feb 13 (Reuters) - U.S. energy firm...Reuters
2 hours ago
Trinidad's Atlantic LNG shuts its Train 3 plant for emergency repairs, sources
HOUSTON, Feb 13 (Reuters) - Trinidad's flagship Atlantic LNG has shut its Train 3 plant for emergency repairs, three people with knowledge of the situation told Reuters.The repairs are likely to take up to a month after a crack in its flaring system was discovered, the people said.Reuters
2 hours ago
US Homeland Security Department heading into partial shutdown Saturday
DHS has substantial funding even without new appropriationsPartisan fighting over immigration operations trigger shutdownFEMA, Coast Guard, Secret Service drawn into funding disruptionBy Richard Cowan WASHINGTON, Feb 13 (Reuters) - The U.S. Department of Homeland Security was on track for a parti...Reuters
2 hours ago
PRECIOUS-Gold rises over 2% as soft inflation data rekindles Fed rate-cut hopes
US consumer prices rise less than expected in JanuaryGold on track for a weekly gainSilver, platinum and palladium headed for weekly lossANZ raises gold price forecast to $5,800/oz for Q2By Anmol Choubey and Anjana Anil Feb 13 (Reuters) - Gold prices rose more than 2% on Friday and were headed fo...Reuters
2 hours ago
US Cash Grains-Soybean bids steady to lower as futures fall
CHICAGO, Feb 13 (Reuters) - Basis bids for soybeans were flat to lower in a spot check of facilities in the U.S. Midwest on Friday as futures ticked down. The soybean basis was lower at an elevator in Cincinnati, Ohio and a processor in Decatur, Illinois.The corn basis was lower at a river terminal ...Reuters
2 hours ago
Costco sued over alleged salmonella risk in rotisserie chicken
Costco plant in Nebraska allegedly fails USDA safety standardsRotisserie chicken sales topped 157 million in 2025Costco not available for commentBy Jonathan StempelFeb 13 (Reuters) - Costco COST.O is facing a new lawsuit over its rotisserie chicken, after an animal rights nonprofit claimed that the...Reuters
2 hours ago
Europe Gasoline/Naphtha-Gasoline refining margins edge lower
LONDON, Feb 13 (Reuters) - Northwest European gasoline refinery profit margins fell by 80 cents on Friday to about $7.69 a barrel.Trafigura sold 2,000 metric tons of E5 gasoline barges to TotalEnergies in the Argus window.No Eurobob E10 gasoline barges traded in the Argus window. Trafigura sold a ca...Reuters
2 hours ago
