News
Important Only
TABLE-UAE's Fujairah oil inventory data for week ended February 16
Feb 19 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended February 16, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change f...Reuters
6 minutes ago
FCX Announces Agreement For Life Of Resource Extension Of Operating Rights In Grasberg Minerals District
Feb 18 (Reuters) - Freeport-McMoRan Inc FCX.N:FCX ANNOUNCES AGREEMENT FOR LIFE OF RESOURCE EXTENSION OF OPERATING RIGHTS IN GRASBERG MINERALS DISTRICTFREEPORT-MCMORAN INC - FCX WILL TRANSFER IN 2041 A 12% SHARE INTEREST IN PTFI TO GOVERNMENT INTERESTS AT NO COST, PROVIDED SOME CONDITIONSReuters
9 minutes ago
CORRECTED-Canada's Kinross Gold Q4 adjusted EPS beats expectations
OverviewGold miner's Q4 revenue rose significantly, driven by higher gold pricesAdjusted EPS for Q4 beat analyst expectationsCompany announced 14% increase in quarterly dividendOutlookKinross expects 2026 gold equivalent production of 2.0 million ounces (+/- 5%)Company forecasts 2026 production ...Reuters
40 minutes ago
Oil prices dip as investors assess trajectory of US-Iran tensions
By Yuka Obayashi TOKYO, Feb 19 (Reuters) - Oil prices eased in early Asia trade on Thursday, following the previous day's 4% jump, as investors assessed efforts by the U.S. and Iran to resolve tensions while both sides have stepped up military activity in the key oil-producing region.Brent fu...Reuters
an hour ago
Indonesia, US firms sign over $7 billion in trade, investment deals
Trump, Indonesia's Prabowo to sign full trade pact on Thursday in WashingtonIndonesia to purchase US soybeans, corn, wheat, cotton, wood productsDeals include cooperation on critical minerals, semiconductor ventures By David Lawder WASHINGTON, Feb 18 (Reuters) - Indonesian and U.S. companies ...Reuters
an hour ago
PRECIOUS-Gold edges down as dollar firms; inflation data in focus
Feb 19 (Reuters) - Gold prices edged lower on Thursday after a more than 2% gain in the previous session, as the U.S. dollar firmed ahead of a key inflation report due later this week that could provide more cues on the U.S. interest rate trajectory.FUNDAMENTALSSpot gold XAU= dipped 0.4% to $4,961.5...Reuters
an hour ago
GRAINS-Soybeans dip after rally, but Chinese buying hopes cap losses
SINGAPORE, Feb 19 (Reuters) - Chicago soybean futures slipped on Thursday, giving up some of the last session's gains, but expectations of Chinese buying kept prices near a three-month high.Wheat ticked higher, while corn was almost flat.FUNDAMENTALSThe most-active soybean contract on the Chicag...Reuters
an hour ago
Russia's Lavrov warns against any new US strike on Iran
Feb 18 (Reuters) - Russian Foreign Minister Sergei Lavrov, in an interview made public on Wednesday, said that any new U.S. strike on Iran would have serious consequences and called for restraint to find a solution to enable Iran to pursue a peaceful nuclear programme.Lavrov's interview with Sau...Reuters
2 hours ago
ROI-Crude oil's current Iran premium assumes no supply disruption: Russell
By Clyde Russell LAUNCESTON, Australia, Feb 19 (Reuters) - The premium currently built into the crude oil price over tensions between the United States and Iran fluctuates according to the daily headlines, but there is an underlying assumption that everything will turn out fine.Global benchmark B...Reuters
2 hours ago
CORRECTED-Coeur Mining Q4 revenue rises to $675 mln, driven by record production
OverviewPrecious metals miner's Q4 revenue rises to $675 mln, driven by record production and pricesOutlookCoeur Mining expects 2026 gold production of 390,000 - 460,000 ouncesCoeur Mining plans 2026 capital expenditures of $71 - $84 million for Las Chispas operationsCompany anticipates 2026 exp...Reuters
2 hours ago
Traffic disrupted at Newark airport after JetBlue engine failure
By David ShepardsonFeb 18 (Reuters) - Traffic was disrupted at Newark Liberty International Airport on Wednesday after a Florida-bound JetBlue JBLU.O flight suffered an engine failure on takeoff and returned to the airport, officials said. Passengers and crew on Flight 543 exited the Airbus AIR.P...Reuters
2 hours ago
Indonesia, Freeport units sign MoU to extend mining permit beyond 2041
JAKARTA, Feb 19 (Reuters) - Indonesia's investment minister and miners Freeport-McMoran and its Indonesia unit Freeport Indonesia have signed a memorandum of understanding to extend Freeport Indonesia's mining permit beyond 2041, Freeport-McMoran chairman Richard Adkerson said.Adkerson was s...Reuters
2 hours ago
US states sue Trump administration to unlock funding for clean energy projects
By Peter Henderson SAN FRANCISCO, Feb 18 (Reuters) - California and a dozen other states 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
3 hours ago
Eight backcountry skiers perish in California avalanche, ninth presumed dead
Skiers were returning from three-day guided excursionRescue teams contended with dangerous conditionsSheriff says high avalanche danger was predictedDisaster marked deadliest U.S. avalanche in 45 yearsAvalanches claim an average of 27 U.S. lives each winterBy Jenna Greene, Fred Greaves and Rich McKa...Reuters
3 hours ago
Indonesia, US firms sign over $7 billion in trade, investment deals
WASHINGTON, Feb 18 (Reuters) - Indonesian and U.S. companies on Wednesday signed trade and investment deals valued at more than $7 billion a day ahead of Indonesian President Prabowo Subianto's meeting with U.S. President Donald Trump to sign a final trade deal, the U.S.-ASEAN Business Council s...Reuters
3 hours ago
LIVESTOCK-CME cattle futures dip after following the cash trade up
CHICAGO, Feb 18 (Reuters) - Chicago Mercantile Exchange cattle futures ticked down on Wednesday after climbing on Tuesday, taking their cue from the cash markets, according to analysts. CME April live cattle futures LCJ26 settled 0.275 cent lower to 242.525 cents per pound. March feeder cattle FCH26...Reuters
3 hours ago
Indonesia, Freeport units sign MoU to extend mining permit beyond 2041
JAKARTA, Feb 19 (Reuters) - Indonesia's investment minister and miners Freeport-McMoran and its Indonesia unit Freeport Indonesia have signed a memorandum of understanding to extend Freeport Indonesia's mining permit beyond 2041, Freeport-McMoran chairman Richard Adkerson said.Reuters
3 hours ago
Italy's Tenaris beats estimates for fourth-quarter sales on North America demand
Feb 18 (Reuters) - Italian steel pipe maker Tenaris TENR.MI reported a 5% rise in net sales for the fourth quarter late on Wednesday, beating analysts' estimates, helped by strong demand for its tubes in North America.Net sales increased to $3 billion in the quarter ended December 31 from $2.84 ...Reuters
3 hours ago
