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Occidental Petroleum beats quarterly profit estimates on higher production
Feb 18 (Reuters) - U.S. shale producer Occidental Petroleum OXY.N beat Wall Street expectations for fourth-quarter profit on Wednesday, as higher production helped offset weaker crude oil prices.Shares of the company rose nearly 3% in extended trading.Growing concerns about an oil glut and the prosp...Reuters
30 minutes ago
US and Uzbekistan sign critical minerals pact
By Marc Jones LONDON, Feb 18 (Reuters) - The U.S. government has signed an agreement with Uzbekistan to secure better access to the Central Asian country's critical minerals, as U.S. President Donald Trump moves to counter China's dominance of crucial resources and their supply chains. Th...Reuters
33 minutes ago
India's Bharat Petroleum, HPCL Mittal buy Venezuelan oil, sources say
By Shariq Khan and Nidhi Verma NEW YORK/NEW DELHI, Feb 18 (Reuters) - India's state-run Bharat Petroleum Corp BPCL.NS has made its first-ever purchase of Venezuelan oil, and private refiner HPCL Mittal Energy Ltd (HMEL) has bought the South American country's crude for the first time in t...Reuters
33 minutes ago
Environmental groups challenge Trump decision to revoke basis of US climate regulations
Trump has sought to remove incentives for EV salesEnvironmental groups say rules will lift fuel bills sharplyEPA says Congress never meant to regulate greenhouse gas emissionsBy David Shepardson WASHINGTON, Feb 18 (Reuters) - A coalition of health and environmental groups sued President Donal...Reuters
33 minutes ago
Eight backcountry skiers perish in California avalanche, ninth presumed dead
Skiers were returning from a three-day excursion when avalanche struckRescue teams contend with dangerous conditionsSheriff says avalanche danger was predicted Avalanches claim an average of 27 lives each winter in the U.S. By Jenna Greene, Fred Greaves and Rich McKayTRUCKEE, California, Feb 18 (Reu...Reuters
36 minutes ago
Venezuela's Rodriguez and Colombia's Petro to hold meeting soon
Feb 18 (Reuters) - Venezuela's interim president Delcy Rodriguez said on Wednesday that she spoke with Colombian President Gustavo Petro and the pair agreed they would soon hold a bilateral meeting to discuss security issues, as well as economic and energy matters."We continue to promote a r...Reuters
44 minutes ago
US EPA plans to loosen mercury rules for coal plants this week, NYT reports
Feb 18 (Reuters) - The Trump administration plans to loosen restrictions on coal-burning power plants this week, allowing them to emit more hazardous pollutants including mercury, the New York Times reported on Wednesday.Senior U.S. Environmental Protection Agency officials are expected to announce ...Reuters
44 minutes ago
GRAINS-Soybeans retreat after hitting three-month high on China demand hopes
Soybeans pull back from highest price since mid-NovemberWheat futures rebound after 2% slideUSDA slated to issue US plantings estimates ThursdayBy Heather Schlitz CHICAGO, Feb 18 (Reuters) - U.S. soybean futures retreated on Wednesday after strong crushing levels and expectations of more Chin...Reuters
46 minutes ago
Shale producer Occidental Petroleum beats quarterly profit estimates
Feb 18 (Reuters) - U.S. shale producer Occidental Petroleum OXY.N beat Wall Street expectations for fourth-quarter profit on Wednesday, as higher production helped offset weaker crude oil prices.The Houston, Texas-based company posted an adjusted profit of 31 cents per share, for the three months en...Reuters
an hour ago
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
an hour ago
CBOT soybeans retreat after touching three-month high
CHICAGO, Feb 18 (Reuters) - Chicago Board of Trade soybean futures ended lower on Wednesday as the market pulled back after a strong U.S. crushing pace and hopes for more Chinese buying pushed prices to a three-month high, analysts said.Larger-than-expected U.S. soybean crushings last month fueled e...Reuters
an hour 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 on Wednesday to a four-month low, on near-reco...Reuters
2 hours ago
CBOT wheat rebounds on technical buying
CHICAGO, Feb 18 (Reuters) - Chicago Board of Trade wheat futures closed higher on technical buying on Wednesday after sliding 2% during the previous session, traders said.Weather risks and a swift end to the latest peace talks between Russia and Ukraine added uncertainty to the market.Two days of pe...Reuters
2 hours ago
Oil settles up 4% on Iran-US tensions, Russia-Ukraine talks end without breakthrough
Iran and Russia to conduct navy drill on Thursday, Fars news agency reportsUkraine peace talks end in Geneva after Zelenskiy says Russia stallingEurasia Group sees 65% chance of US strikes on Iran by AprilBy Georgina McCartney and Siddharth Cavale HOUSTON, Feb 18 (Reuters) - Oil prices settled up...Reuters
2 hours ago
CBOT corn ends nearly flat, traders await US plantings estimates
CHICAGO, Feb 18 (Reuters) - Chicago Board of Trade corn futures ended nearly flat on Wednesday as traders waited for the U.S. Department of Agriculture to issue plantings estimates at an annual conference on Thursday.U.S. farmers, though punished by slumping prices after last year's monster corn...Reuters
2 hours ago
Austria eyes renewables, African gas to cut US LNG dependence, junior minister says
Energy security, US reliance top concerns, minister saysAustria hopes to diversify via African gas, renewablesOECD countries' energy ministers in Paris for biennial meetingBy America Hernandez PARIS, Feb 18 - Austria is seeking to expand renewable energy and increase gas imports from Africa t...Reuters
2 hours ago
California, Colorado and Washington sue Trump administration to unlock funding for clean energy projects
By Peter Henderson SAN FRANCISCO, Feb 18 (Reuters) - California, Colorado and Washington are suing the federal government to force it to pay out grants approved by Congress for clean energy projects, the California attorney general's office said on Wednesday.The Trump administration terminate...Reuters
2 hours ago
US EPA plans to loosen mercury rules for coal plants this week, NYT reports
Feb 18 (Reuters) - The Trump administration plans to loosen restrictions on coal-burning power plants this week, allowing them to emit more hazardous pollutants including mercury, the New York Times reported on Wednesday.Senior U.S. Environmental Protection Agency officials are expected to announce ...Reuters
3 hours ago
