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Brent: Supply risks support prices – ING
ING’s Warren Patterson and Ewa Manthey note that Oil prices have surged as markets focus on potential US military action against Iran and associated risks to Persian Gulf supply.
Fxstreet
10 minutes ago
Bayer: glyphosate shortages not expected outside the US after executive order
FRANKFURT, Feb 19 (Reuters) - The U.S. President's executive order invoking the Defense Production Act to ensure U.S. supply of glyphosate underscores U.S. farmers' needs to have access to the herbicide, Bayer said on Thursday, adding the move would not lead to shortages in other countries.
Reuters
17 minutes ago
U.S. will not withdraw from IEA, Energy Secretary Wright says
PARIS, Feb 19 (Reuters) - The United States does not plan to withdraw from the International Energy Agency because that would let China increase it influence, Energy Secretary Chris Wright said in Paris on Thursday.The U.S. will pressure the agency away from the net zero agenda, he added.
Reuters
20 minutes ago
Oil prices extend gains on concerns of potential US-Iran conflict
Brent and WTI benchmarks up more than 1%Prices buoyed by concern over potential U.S.-Iran conflictUS crude and fuel inventories fell last week, sources saidBy Enes Tunagur LONDON, Feb 19 (Reuters) - Oil prices rose on Thursday, driven by increasing concerns over potential military conflict betwee...
Reuters
20 minutes ago
Hungary mulls halt in power and gas exports to Ukraine amid Druzhba row
BUDAPEST, Feb 19 (Reuters) - Hungary is considering a halt in its power and gas exports to Ukraine and will take steps unless Ukraine resumes crude shipments via the Druzhba pipeline, Prime Minister Viktor Orban's chief of staff told a briefing on Thursday.Gergely Gulyas also said the government...
Reuters
25 minutes ago
Mubadala Energy completes acquisition of 15% stake in Eni's Nargis concession
Feb 19 (Reuters) - Abu Dhabi-based Mubadala Energy has completed its acquisition of a 15% participating interest in the offshore Mediterranean Nargis concession from Italy's Eni ENI.MI, the UAE's state news agency WAM reported on Thursday.Eni, through its subsidiary IEOC, holds a 30% stake, ...
Reuters
26 minutes ago
Silver price today: Silver rises, according to FXStreet data
Silver prices (XAG/USD) rose on Thursday, according to FXStreet data. Silver trades at $79.14 per troy ounce, up 2.29% from the $77.36 it cost on Wednesday.
Silver
Fxstreet
35 minutes ago
Singapore fuel oil inventories hit three-week low
SINGAPORE, Feb 19 (Reuters) - Singapore onshore fuel oil inventories fell to their lowest level in three weeks, with imports slowing after a jump in the previous week, data showed on Thursday. Inventories fell 0.8% to around 22.52 million barrels (about 3.55 million metric tons) in the week to Febr...
Reuters
53 minutes ago
Turkey says Greece-Chevron activity off Crete unlawful
ANKARA, Feb 19 (Reuters) - Turkey said on Thursday it opposed Greece's "unilateral activities" in hydrocarbon fields south of Crete with a consortium led by U.S. oil major Chevron CVX.N as a violation of international law and good neighbourly relations.The Chevron-led consortium signed e...
Reuters
58 minutes ago
Mubadala energy completes acquisition of 15% stake in Eni's Nargis offshore concession in Egypt
Feb 19 (Reuters) - Abu Dhabi-based Mubadala Energy completed its acquisition of a 15% participating interest in the offshore Mediterranean Nargis concession from Italy's Eni ENI.MI, UAE's state news agency WAM reported on Thursday.
Reuters
an hour ago
SOCAR and Gran Tierra Energy sign deal for oil exploration and production in Azerbaijan
BAKU, Feb 19 (Reuters) - Azerbaijan's state oil company SOCAR and Canada-based Gran Tierra Energy Inc. have signed an exploration, development and production-sharing agreement for a prospective onshore area in Azerbaijan’s Guba–Khazaryany region, SOCAR said.It said Gran Tierra Energy will hold ...
Reuters
an hour ago
PRECIOUS-Gold advances on US–Iran tensions as markets weigh Fed policy path
Weekly jobless claims data due at 1330 GMTUS PCE data due on FridayFed minutes show officials grappling with policy splitUS-Iran still distant on some issues, White House saysBy Pablo Sinha Feb 19 (Reuters) - Gold prices extended gains on Thursday after rising more than 2% in the previous sessio...
Reuters
an hour ago
Discount for Russia's Urals crude oil is deepest since 2023, data shows
Reuters data indicates Urals Primorsk FOB at $44.14/bblRussia cuts oil prices to attract demandRussia's 2025 oil and gas revenues fell 24% MOSCOW, Feb 19 (Reuters) - Russia's flagship Urals oil blend is being sold from its Baltic ports at the deepest discounts for around three years compa...
Reuters
an hour ago
WTI rises above $65.50 as supply fears grow on US-Iran tensions
West Texas Intermediate (WTI) Oil price gains ground and is trading around $65.70 per barrel during the European hours on Thursday.
WTI
Fxstreet
2 hours ago
Gold Fields To Distribute US$353 Million In Additional Returns
Feb 19 (Reuters) - Gold Fields Ltd GFIJ.J:JSE: GFI - REVIEWED FINANCIAL RESULTS, FINAL & SPECIAL DIVIDEND DECLARATION FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2023GOLD FIELDS LTD: GOLD FIELDS WILL DISTRIBUTE US$353 MILLION IN ADDITIONAL RETURNSGOLD FIELDS LTD: FY GOLD-EQUIVALENT-ATTRIBUTABLE 2,4...
Reuters
3 hours ago
TECHNICALS-CBOT corn may retest support at $4.26
SINGAPORE, Feb 19 (Reuters) - CBOT March corn CH26 may retest support at $4.26 per bushel, a break below which could open the way toward $4.23-1/4 to $4.24-1/4 range.A wave c from $4.32-3/4 has briefly travelled below its 61.8% projection level of $4.26. Chances are this wave may extend to the 100% ...
Reuters
3 hours ago
Drax Group Announces Tolling Agreement For 200MW Of BESS
Feb 19 (Reuters) - Drax Group PLC DRX.L:DRAX GROUP PLC - TOLLING AGREEMENT FOR 200MW (800MWH) OF BESSDRAX GROUP PLC - TOLLING AGREEMENT FOR 200MW (800MWH) OF BESSDRAX GROUP PLC: PROTECTED GRID CONNECTION, TARGETING A COMMERCIAL OPERATION DATE (COD) IN 2028DRAX GROUP PLC - 15-YEAR TOLLING AGREEMENT...
Reuters
3 hours ago
TABLE-North Sea gas maintenance schedule
Feb 19 (Reuters) - The following is a schedule of maintenance work on gas infrastructure, mainly in the North Sea.The table is arranged by outage start date.Volumes are in standard million cubic metres per day (mcm/d) or gigawatt-hours per day (GWh/d) unless otherwise indicated.OPERATORLOCATIONOUTAG...
Reuters
3 hours ago
Discount for Russia's Urals deepens to $28 in the Baltic - biggest since 2023 peak, Kommersant says
MOSCOW, Feb 19 (Reuters) - The discount to Brent for Russia's flagship Urals oil blend in the Baltic Sea has widened to $28 per barrel, the highest level seen since a peak in April 2023, the Kommersant newspaper reported on Thursday citing data from Argus.The discounts for Russian oil, forced by...
Reuters
3 hours ago
PRECIOUS-Gold gains as US-Iran tension drives safe-haven demand
US PCE data due on FridayFed minutes show officials grappling with policy splitRussian Foreign Minister warns against US strike on IranBy Pablo Sinha Feb 19 (Reuters) - Gold prices edged up on Thursday after rising more than 2% a day earlier, as persisting geopolitical tensions between the U.S. ...
Reuters
3 hours ago
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