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Ovintiv to sell its Anadarko assets for $3 billion
Feb 17 (Reuters) - Ovintiv OVV.N said on Tuesday it agreed to sell its Anadarko assets in Oklahoma to an undisclosed buyer for $3 billion, as the company sharpens its focus on higher-margin plays in the Permian Basin and Canada's Montney.The sale comes as North American producers increasingly co...Reuters
23 minutes ago
Devon beats quarterly profit, forecasts lower output after winter storm
Feb 17 (Reuters) - U.S. shale producer Devon Energy DVN.N on Tuesday narrowly beat Wall Street estimates for fourth-quarter profit and forecast lower first-quarter production after severe winter storms disrupted operations across key producing regions.The winter storm knocked out as much as 2 millio...Reuters
31 minutes ago
Exxon committed to move fast on Guyana gas projects, but needs demand sources, executive says
By Sheila Dang and Kemol King GEORGETOWN, Feb 17 (Reuters) - Exxon Mobil XOM.N is committed to moving fast to develop natural gas in Guyana but the South American country's government needs to advance industrial projects to maintain long-term demand for the gas, the U.S. energy major's up...Reuters
38 minutes ago
POLL-US 2026-27 corn plantings seen at 94.9 million acres, soybeans 84.9 million
WASHINGTON, Feb 17 (Reuters) - The following are analysts' forecasts of U.S. plantings, yield, production and ending stocks of corn, soybeans and wheat for the 2026-27 marketing year, ahead of the U.S. Department of Agriculture's annual outlook forum on February 19-20.The USDA will publish i...Reuters
46 minutes ago
EQT Corp beats quarterly profit estimates on higher natgas prices
Feb 17 (Reuters) - U.S.-based energy company EQT Corp EQT.N beat Wall Street estimates for fourth-quarter adjusted profit on Tuesday, benefiting from higher natural gas prices and sales volumes.Power-hungry data centers and a surge in liquefied natural gas (LNG) exports are driving up sales for U.S....Reuters
52 minutes ago
EQT Corp beats quarterly profit estimates
Feb 17 (Reuters) - U.S.-based energy company EQT Corp EQT.N beat Wall Street estimates for fourth-quarter adjusted profit on Tuesday, benefiting from higher natural gas prices and sales volumes.The company reported an adjusted profit of 90 cents per share for the quarter ended December 31, above ana...Reuters
an hour ago
Expand Energy beats fourth-quarter profit estimates, plans $1 bln debt cut in 2026
Feb 17 (Reuters) - U.S. natural gas producer Expand Energy EXE.O beat Wall Street estimates for fourth-quarter profit on Tuesday and aims to strengthen its balance sheet with at least $1 billion in debt reduction in 2026.The company benefited from higher prices as U.S. natural gas futures NGc1 rose ...Reuters
an hour ago
LIVESTOCK-CME cattle higher on strong cash trade, tight supply
By Heather SchlitzCHICAGO, Feb 17 (Reuters) - Chicago Mercantile Exchange cattle futures turned higher on Tuesday on strong cash cattle prices and a continued tight supply of cattle, analysts said.CME April live cattle futures LCJ26 settled 2.175 cents higher to 242.80 cents per pound. March feeder ...Reuters
an hour ago
Andersons beats Q4 profit expectations
OverviewAgriculture and renewable fuels firm's Q4 adjusted EPS beat analyst expectationsAdjusted net income for Q4 beat analyst expectationsAdjusted EBITDA for Q4 beat analyst expectationsOutlookCompany expects strong sorghum export demand to benefit Skyland and Houston assetsAndersons plans to ...Reuters
an hour ago
Devon Energy tops fourth-quarter profit estimates on strong production
Feb 17 (Reuters) - Devon Energy DVN.N on Tuesday beat Wall Street estimates for fourth-quarter profit on higher oil and gas production amid volatile crude prices, weeks after agreeing to a $58 billion merger with Coterra Energy CTRA.N to create a Permian Basin powerhouse.The company posted an adjust...Reuters
an hour ago
Natgas producer Expand Energy beats fourth-quarter profit estimates
Feb 17 (Reuters) - U.S. natural gas producer Expand Energy EXE.O surpassed Wall Street estimates for fourth-quarter profit on Tuesday, driven by higher production and commodity prices.The company posted an adjusted profit of $2 per share for the quarter ended December 31, compared with analysts'...Reuters
2 hours ago
US Plains HRW Wheat-Basis bids flat to mixed with limited farmer sales
CHICAGO, Feb 17 (Reuters) - Basis bids for hard red winter wheat were steady to mixed at locations in the Southern U.S. Plains on a day of quiet trade. Farmer sales were minimal, according to dealers.Warmer weather and precipitation improved moisture for winter wheat over the weekend. More showers s...Reuters
2 hours ago
'Exports to China look dismal,' leader of busiest US seaport says
Port of Los Angeles exports fell 8% in January, lowest in nearly three yearsSoybean exports from Port of Los Angeles to China dropped 80% last year First-quarter total port volume expected to fall less than 10% year-over-yearBy Lisa Baertlein LOS ANGELES, Feb 17 (Reuters) - Exports from the Port ...Reuters
2 hours ago
Oil prices slide 2% to two-week low on talk of progress in US-Iran talks
Oil prices drop amid possible easing in US-Iran tensionsIran-US talks progress but no imminent deal, Araqchi saysVolatility to continue due to geopolitical tensions, analyst saysBy Scott DiSavino NEW YORK, Feb 17 (Reuters) - Oil prices fell about 2% to a two-week low on Tuesday on hopes tensions ...Reuters
2 hours ago
CIF/FOB Gulf Grain-Soybean, corn basis bids stay mostly steady
CHICAGO, Feb 17 (Reuters) - Basis bids for soybeans and corn shipped by barge to U.S. Gulf Coast terminals were largely steady on Tuesday, traders said.Soybean demand from top importer China was quiet, with many traders expected to be absent from the market this week due to the Lunar New Year holida...Reuters
2 hours ago
US Cash Grains-Corn bids mixed at ethanol plants
CHICAGO, Feb 17 (Reuters) - Basis bids for corn were steady to mixed at ethanol plants in the U.S. Midwest on Tuesday. Corn and soybean basis bids were mostly flat at other types of processors, elevators and river terminals in a spot check of locations. The corn basis was lower at an ethanol plant i...Reuters
3 hours ago
GRAINS-Wheat, corn ease further from multi-month highs
Wheat lower on technical trading, heavy global supplyCorn lower on spillover weakness from wheatSoybeans tick up on hopes for Chinese demandBy Heather SchlitzCHICAGO, Feb 17 (Reuters) - Chicago wheat futures moved back on Tuesday from multi-month highs struck in the previous week as ample global sup...Reuters
3 hours ago
CBOT corn lower on spillover weakness from wheat
CHICAGO, Feb 17 (Reuters) - Chicago Board of Trade corn futures tracked wheat futures lower on Tuesday.CBOT March corn CH26 settled 5-1/2 cents lower to $5.26-1/4 per bushel.Corn has gained some support from doubts over grain quality in China. Chinese buyers have ramped up purchases of Australian ba...Reuters
3 hours ago
CBOT wheat stumbles on supply, technical trading
CHICAGO, Feb 17 (Reuters) - Chicago Board of Trade wheat futures moved back from multi-month highs struck in the previous week as ample global supply and technical trading weighed on the market on Tuesday, analysts said. CBOT March soft red winter wheat WH26 settled 11 cents lower to $5.37-3/4 per b...Reuters
3 hours ago
US natural gas futures drop 7% to 4-month low amid near-record output, mild weather
Waha Hub prices remain negative due to pipeline constraintsLSEG reports record high daily gas output in Lower 48 statesMild weather forecast to keep heating demand low through early MarchBy Scott DiSavinoNEW YORK, Feb 17 (Reuters) - U.S. natural gas futures dropped about 7% to a four-month low on Tu...Reuters
3 hours ago
