News
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Silver Price Forecast: XAG/USD tumbles to near $74 as dovish Fed bets remain confined
Silver price (XAG/USD) is down almost 3% near $74.00 during the European trading session on Tuesday. The white metal is under pressure ahead of the opening of the United States (US) markets after an extended weekend.
Fxstreet
2 minutes ago
Oil production at giant Tengiz field in Kazakhstan is gradually rising after outage, Interfax reports
MOSCOW, Feb 17 (Reuters) - Oil production at the giant Chevron-led CVX.N Tengiz field in Kazakhstan is gradually increasing after a suspension in January, Russian news agency Interfax reported on Tuesday, citing the Tengizchevroil consortium that operates it.Tengiz, which accounts for around 40% of ...Reuters
12 minutes ago
Canada pitches CANDU nuclear technology for Poland's second plant
WARSAW, Feb 17 (Reuters) - Canada believes its CANDU reactor technology is the best option for Poland's second nuclear plant, Energy Minister Tim Hodgson said Tuesday during a visit to Warsaw, as the country works to reduce its reliance on coal.Poland has chosen U.S.-based Westinghouse Electric ...Reuters
22 minutes ago
Iran to close parts of Hormuz Strait for few hours during military drill, Fars news agency says
DUBAI, Feb 17 (Reuters) - Parts of the Strait of Hormuz will close for a few hours on Tuesday due to 'security precautions' for shipping safety, semi-official Fars news agency reported, as the Revolutionary Guards conduct military drills in the waterway.The strait is the world's most vit...Reuters
25 minutes ago
Oil production at giant Tengiz field in Kazakhstan is gradually rising after suspension, Ifax reports
MOSCOW, Feb 17 (Reuters) - Oil production at the giant Chevron-led CVX.N Tengiz field in Kazakhstan is gradually increasing after a suspension in January, Russian news agency Interfax reported on Tuesday, citing Tengizchevroil (TCO).Reuters
28 minutes ago
Brent crude steadies as investors await outcome of diplomatic talks
Investors gauge risk of supply disruption following Iranian drills near Strait of HormuzMany markets closed due to Lunar New Year holiday By Robert Harvey LONDON, Feb 17 (Reuters) - Brent oil prices were largely stable on Tuesday, as investors braced for nuclear talks between Iran and the U.S., a...Reuters
36 minutes ago
Builders FirstSource Q4 sales miss due to commodity deflation
OverviewBuilding materials supplier's Q4 net sales fell 12.1%, missing analyst expectationsAdjusted EPS for Q4 missed analyst expectationsCompany attributes sales decline to below-normal starts environment and commodity deflationOutlookCompany projects 2026 net sales between $14.8 bln and $15.8 ...Reuters
38 minutes ago
RPT-ROI-'Global euro' may have to come with some FX lift: Mike Dolan
By Mike Dolan LONDON, Feb 17 (Reuters) - As American and European policymakers know well, global currency dominance and exchange rate movement are different things. But there's a decent argument that Europe's push to widen euro usage necessarily involves some revaluation of the single cur...Reuters
47 minutes ago
Slovakia's Slovnaft has asked for release of state reserves amid Druzhba halt
Feb 17 (Reuters) - Slovakia's Slovnaft refinery, owned by Hungary's MOL MOLB.BU, has asked for the release of part of state oil reserves to secure supplies to the Slovak market amid a halt in supplies through the Druzhba pipeline, the state reserves administration (SHRSR) said in a statement...Reuters
an hour ago
UPDATE-Portland General expands into Washington in $1.9 bln deal backed by Manulife
Feb 17 (Reuters) - Portland General Electric POR.N said on Tuesday it has partnered with Manulife Investment Management to acquire select Washington state generation and electric utility operations from PacifiCorp for $1.9 billion, expanding beyond its Oregon home market.With electricity demand surg...Reuters
an hour ago
Russia pummels Ukraine's power grid before talks
KYIV, Feb 17 - Russian forces pounded Ukrainian power infrastructure before a new round of peace talks, killing three energy workers and leaving tens of thousands of people without power and heat, officials said on Tuesday.President Volodymyr Zelenskiy condemned the overnight strikes on 12 Ukrainian...Reuters
an hour ago
Fire after drone attack on fuel reservoir at Russian port of Taman is extinguished, authorities say
MOSCOW, Feb 17 (Reuters) - Local authorities in Russia's Krasnodar region said on Tuesday that a fire at an oil product reservoir in the Black Sea port of Taman had been extinguished.Regional authorities said earlier on Tuesday that the fuel reservoir had been damaged by a drone attack.Reuters
2 hours ago
PRECIOUS-Gold slips to one-week low as safe-haven buying stalls, dollar strengthens
U.S.-Iran hold nuclear talks on TuesdayU.S. dollar rises ahead of FOMC minutes due on WednesdayDecember PCE data due on FridayBy Pablo Sinha Feb 17 (Reuters) - Gold prices fell to a more than one-week low on Tuesday, pressured by a stronger dollar as investors tracked cues on geopolitics and the...Reuters
2 hours ago
KGHM Extends Copper Supply Agreement With Denmark's NKT Until 2036
Feb 17 (Reuters) - KGHM Polska Miedz SA KGH.WA:EXTENDS COPPER SUPPLY AGREEMENT WITH NKT UNTIL 2036ESTIMATES EXTENDED AGREEMENT VALUE AT EUR 5.4 BILLION TO EUR 7 BILLION FOR 2028-2036Source: https://tinyurl.com/2p37wcjrReuters
2 hours ago
BREAKINGVIEWS-BHP boss makes gutsy case to have cake and eat it
By Antony Currie MELBOURNE, Feb 17 (Reuters Breakingviews) - Who needs a mega-merger? On Thursday, CEO Mike Henry made the case for why BHP BHP.AX doesn't, pointing not least to a 22% increase in underlying earnings delivered in the six months to the end of December. Those numbers solidly bac...Reuters
2 hours ago
Russia launched 'massive strike' on Ukraine's military and energy facilities, Ifax reports
MOSCOW, Feb 17 (Reuters) - The Russian Defence Ministry said it had carried out a "massive strike" on Ukraine's military-industrial and energy facilities, Interfax news agency reported on Tuesday as the two countries prepared to resume peace talks in Geneva.Ukraine's air force said e...Reuters
3 hours ago
Fire at Russia's Ilsky refinery after drone attack, officials say
MOSCOW, Feb 17 (Reuters) - A fire broke out at the Ilsky refinery in Russia's Krasnodar region after a drone attack, local authorities said on Tuesday, adding that a reservoir with oil products was damaged. Ukraine earlier this month resumed attacks on Russian energy infrastructure as the U.S.-b...Reuters
3 hours ago
