News
Important Only
EXCLUSIVE-US refiners Phillips 66, Citgo seek to buy crude directly from Venezuela, sources say
Phillips 66, Citgo seek to purchase directly starting in April, Valero later in the yearVenezuelan crude prices ease amid US Gulf Coast supply surgeDirect purchases may face challenges under general license By Nicole Jao, Arathy Somasekhar and Marianna Parraga HOUSTON, Feb 18 (Reuters) - U.S. ref...Reuters
13 minutes ago
GRAINS-Price of soybeans at three-month high on China demand hopes
Soybeans climb to highest price since mid-November on demand expectationsWheat futures rebound after 2% slideCorn little changedBy Heather Schlitz CHICAGO, Feb 18 (Reuters) - Chicago soybean futures hit their highest price in three months on Wednesday, supported by high U.S. crushing levels and e...Reuters
19 minutes ago
Suriname, Guyana exploring possible gas interconnection, Staatsolie says
GEORGETOWN, Feb 18 (Reuters) - A pipeline between neighbors Guyana and Suriname to transport gas from their offshore projects would be of 'high interest' to increase the availability of the fuel, said on Wednesday the managing director of Suriname's state-run Staatsolie, Annand Jagesar.B...Reuters
26 minutes ago
EU wheat steadies with weather and exports in focus
PARIS, Feb 18 (Reuters) - Euronext wheat edged up on Wednesday after a three-day fall as a weather-fuelled rebound in Chicago futures offset pressure from a firmer euro that was adding to a tough export outlook, traders said.May milling wheat BL2K6, the most active position on Euronext, was up 0.7% ...Reuters
36 minutes ago
US natural gas futures hit four-month low on mild weather, near-record output
Mild weather reduces heating demand, impacting gas storageWaha Hub prices remain negative due to pipeline constraintsUS LNG exports on track for monthly record high in FebruaryBy Scott DiSavinoNEW YORK, Feb 18 (Reuters) - U.S. natural gas futures eased to a fresh four-month low on Wednesday on near-...Reuters
42 minutes ago
Rare earths surge above price floor given to MP Materials
By Eric Onstad LONDON, Feb 18 (Reuters) - Prices of two key rare earths, crucial for making super-strong magnets used in EVs and defence equipment, have rallied on firm demand and bottlenecks in supply, above a ground-breaking price floor provided by the U.S. last year to miner MP Materials.The n...Reuters
52 minutes ago
Nine skiers still missing, six rescued, after California avalanche
Skiers were returning from a three-day excursion when avalanche struckRescue teams contending with dangerous conditions Avalanches claim an average of 27 lives each winter in the U.S. By Rich McKay and Steve GormanFeb 18 (Reuters) - Nine skiers were still missing early on Wednesday after an avalanch...Reuters
56 minutes ago
Canada to boost investments in Ukraine's energy sector
Canada expands support for Ukraine's energy sector and securityRussian strikes severely damage Ukraine’s power grid New partnership targets investment, non‑Russian energy suppliesBy Kate Abnett and America Hernandez PARIS, Feb 18 (Reuters) - Canada will step up support to Ukraine's energy...Reuters
57 minutes ago
Microsoft to keep buying enough renewable energy to match all its electricity needs
Microsoft to retain matching target during AI expansionTech giant has purchased 40 GW of new renewable energyReady to ramp up again in data centre pioneer IrelandBy Padraic Halpin DUBLIN, Feb 18 (Reuters) - Microsoft MSFT.O has promised to keep buying enough renewable energy to match all its elec...Reuters
an hour ago
Expand Energy Says Winter Storm Fern Reduced Haynesville Output
Feb 18 (Reuters) - Expand Energy Corp EXE.O:EXPAND ENERGY SAYS HAYNESVILLE BREAKEVENS HAVE FALLEN 15% - CONF CALLEXPAND ENERGY SAYS CEO SEARCH MAY TAKE SIX TO NINE MONTHS - CONF CALLEXPAND ENERGY SAYS ROUGHLY HALF OF NEW DEMAND TIED TO LNGEXPAND ENERGY SAYS ABOUT 25 BCFD OF U.S. DEMAND IS COMING ONL...Reuters
2 hours ago
Oil gains 3% as Russia-Ukraine talks abruptly end, Iran-US tensions support
Ukraine peace talks end in Geneva after Zelenskiy says Russia stallingIran and Russia to conduct navy drill on Thursday, Fars news agency reportsEurasia Group sees 65% chance of US strikes on Iran by AprilBy Stephanie Kelly and Alex Lawler LONDON, Feb 18 (Reuters) - Oil prices gained nearly 3% on...Reuters
2 hours ago
EXCLUSIVE-Congo offers tantalum deposit under M23 control to US in minerals pact, document shows
M23 rebels control Rubaya mine, have criticised DRC-US minerals dealRubaya mine needs $50-$150 million to restart commercial operations, document showsDeal could give US access to highly sought tantalumMetal is used in semiconductors, aerospace components among others By Ange Kasongo and Maxwell Aka...Reuters
2 hours ago
Golden Pass moves closer to producing first LNG
By Curtis WilliamsFeb 18 (Reuters) - Golden Pass, an LNG project jointly owned by Exxon Mobil XOM.N and QatarEnergy QUATPE.UL, pulled 300 million cubic feet of gas on Wednesday as it moves closer to making its first LNG, LSEG data show. When complete the 18 million metric tonnes per annum project in...Reuters
2 hours ago
CBOT Trends-Wheat up 4-7 cents, corn steady to up 2, soybeans up 5-7
CHICAGO, Feb 18 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Wednesday: WHEAT - Up 4 to 7 cents per bushelCBOT wheat recouped some of the previous session's losses, but large g...Reuters
2 hours ago
Rio Tinto takes majority control of Canada's Nemaska Lithium
Feb 18 (Reuters) - Rio Tinto RIO.L, RIO.AX said on Wednesday it has gained majority control of Canada's Nemaska Lithium, advancing its push to build an integrated lithium business in Quebec.The Anglo-Australian miner now holds a 53.9% stake in the lithium producer and will assume direct manageme...Reuters
2 hours ago
PRECIOUS-Gold rises as investors weigh geopolitical risks; Fed minutes in focus
Gold rebounds from one-week lowJanuary FOMC minutes due at 2 p.m. ETDecember PCE data due on Friday By Anmol Choubey Feb 18 (Reuters) - Gold rose more than 1% on Wednesday as investors assessed simmering geopolitical risks, while markets also awaited the U.S. Federal Reserve's January meeting...Reuters
3 hours ago
Russian share of India's January oil imports lowest since late 2022, data shows
India had been top buyer of Russian seaborne crudePressure from sanctions, US pushed it to reduce Russian importsOil from Middle East, South America replacing Russian importsBy Nidhi Verma NEW DELHI, Feb 18 (Reuters) - Russian crude shipments in January made up the smallest portion of India's...Reuters
3 hours ago
Nine skiers missing, six rescued after California avalanche
Six skiers rescued, two hospitalized after avalanche in Sierra NevadaThere had been a high avalanche warning earlier Incident could rank as one of deadliest US avalanches on recordBy Steve GormanLOS ANGELES, Feb 17 (Reuters) - Nine skiers were missing early Wednesday after an avalanche in California...Reuters
3 hours ago
GRAINS-Soybeans at three-month high on China demand hopes
Soybeans climbed to highest since mid-Nov on demand expectationsSoyoil rallies 3% with U.S. biofuel proposals in focusWheat futures rebound after 2% slideBy Naveen Thukral and Gus Trompiz SINGAPORE/PARIS, Feb 18 (Reuters) - Chicago soybean futures hit their highest in three months on Wednesday, s...Reuters
3 hours ago
