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Gold drifts higher to near $5,000 on heightened US-Iran tensions
Gold price (XAU/USD) holds positive ground near $5,000 during the early Asian session on Friday. The precious metal edges higher as escalating tensions between the United States (US) and Iran boost safe-haven demand.
Fxstreet
6 minutes ago
Century's Iceland aluminium smelter to return sooner than expected
Feb 19 (Reuters) - U.S. aluminium producer Century Aluminum CENX.O said on Thursday that repairs would allow the shuttered capacity at its Grundartangi smelter in Iceland to restart by the end of April, around six months sooner than previously guided.The 320,000 metric ton per year plant had to cut ...Reuters
8 minutes ago
Alliant Energy beats quarterly profit estimates on strong power demand
Feb 19 (Reuters) - U.S. utility Alliant Energy LNT.O beat Wall Street estimates for fourth-quarter profit on Thursday, benefiting from robust power demand and strong performance in its electric and gas segments.U.S. electricity use reached record highs last year and is expected to rise again in 2026...Reuters
16 minutes ago
Firstenergy Transmission Says On Feb 12 PJM Was Awarded Transmission Projects To Grid Growth
Feb 19 (Reuters) - Firstenergy Transmission LLC [RIC:RIC:FPCTL.UL]:FIRSTENERGY TRANSMISSION LLC - ON FEB 12, PJM AWARDED TRANSMISSION PROJECTS TO GRID GROWTH - SEC FILINGFIRSTENERGY TRANSMISSION LLC - TOTAL PROJECT COST $1.0 BILLION WITH FET'S SHARE $490 MILLION - SEC FILINGSource text: [ID:n00...Reuters
51 minutes ago
Newmont tops profit estimates, sets $1.4 billion outlay for former Newcrest assets
By Tanay Dhumal and Divya RajagopalFeb 19 (Reuters) - Newmont NEM.N on Thursday beat Wall Street estimates for fourth-quarter profit as a record rally lifted gold prices and offset lower production and said it would invest $1.4 billion to develop assets acquired through its takeover of Newcrest.Shar...Reuters
51 minutes ago
J&F mulls purchase of controlling stake in CSN Cimentos, Estadao reports
SAO PAULO, Feb 19 (Reuters) - J&F, the holding company owned by Brazil's billionaire Batista family, is considering the acquisition of a controlling stake in CSN Cimentos, the cement unit of Brazilian steel and mining group CSN CSNA3.SA, local newspaper O Estado de S. Paulo reported on Thurs...Reuters
an hour ago
US Plains HRW Wheat-Basis bids flat as futures climb
CHICAGO, Feb 19 (Reuters) - Basis bids for hard red winter wheat were unchanged in a spot check of locations in the Southern U.S. Plains on Thursday as futures gained ground. K.C. wheat futures shot up on trader concerns that dryness in the Southern Plains will damage the winter wheat crop exiting d...Reuters
an hour ago
CIF/FOB Gulf Grain-Soy basis bids flat, China demand stays quiet
CHICAGO, Feb 19 (Reuters) - Basis bids stayed largely steady for soybeans shipped by barge to U.S. Gulf Coast terminals as demand was quiet from top importer China on Thursday, traders said.China has not shown interest in buying U.S. soybeans this week during the Lunar New Year holiday, they said.Tr...Reuters
an hour ago
CORRECTED-Canada's Eldorado Gold beats Q4 revenue estimates
OverviewGold miner's Q4 revenue beat analysts' expectationsAdjusted EPS for Q4 beat analyst expectationsCompany's full-year gold production hit high end of guidanceOutlookEldorado expects Skouries Project to produce 60,000-100,000 ounces of gold in 2026Company anticipates copper producti...Reuters
an hour ago
Consolidated Edison misses quarterly profit estimates on higher operating and interest expenses
Feb 19 (Reuters) - Consolidated Edison ED.N missed Wall Street estimates for fourth-quarter profit on Thursday, hurt by higher operating and interest expenses. Variable weather conditions including intermittent storms can push up operating and maintenance costs, while higher-for-longer interest ...Reuters
an hour ago
Canada's Centerra Gold Q4 adjusted EPS beats estimates
OverviewCanada gold miner's Q4 Adjusted EPS beat consensus, reflecting disciplined cost managementCompany repurchased $30 mln in shares during Q4, maintaining capital allocation strategyOutlookCenterra Gold expects 2026 gold production between 250,000 and 280,000 ouncesCompany forecasts 2026 cop...Reuters
2 hours ago
J&F mulls purchase of controlling stake in CSN Cimentos, Estadao reports
SAO PAULO, Feb 19 (Reuters) - J&F, the holding company owned by Brazil's billionaire Batista family, is considering the acquisition of a controlling stake in CSN Cimentos, the cement unit of Brazilian steel and mining group CSN CSNA3.SA, local newspaper O Estado de S. Paulo reported on Thurs...Reuters
2 hours ago
Trump says 50 million barrels of Venezuelan oil are headed to Houston
ROME, Georgia, Feb 19 (Reuters) - U.S. President Donald Trump said on Thursday that 50 million barrels of Venezuelan oil are on the way to Houston, Texas."You've heard about Venezuela, and we're helping them very much with their oil ... We took 50 million barrels of oil. It's right n...Reuters
2 hours ago
Shell says US general licenses for exploration in Venezuela will allow it to progress with Dragon natural gas project
US licenses enable Shell's Dragon gas project progressDragon project faced delays due to US policy shiftsShell aims to export gas via Atlantic LNG in TrinidadBy Curtis Williams and Shadia Nasralla HOUSTON/LONDON, Feb 19 (Reuters) - General licenses for oil and gas exploration in Venezuela iss...Reuters
2 hours ago
US removing guardrails from proposed Saudi nuclear deal, document says
Saudi Arabia, top oil exporter, wants to build nuclear reactorsUS removes guardrails on enrichment, snap UN inspections, document showsPutting US industry at heart of Saudi Arabia nuclear program ensures safety, US saysTrump could submit 123 Agreement to Congress this monthBy Timothy Gardner and Jon...Reuters
2 hours ago
Venezuela's refineries boost processing to 35% of capacity, sources say
Feb 19 (Reuters) - Venezuela's refining network is operating at about 35% of its installed capacity of 1.29 million barrels per day, workers at the facilities said on Thursday, above the 20% to 25% of last year but still a low volume to secure enough fuel to meet rising domestic demand.The South...Reuters
2 hours ago
Exxon determining size of natural gas resources at Guyana's Stabroek Block, minister says
Exxon plans second FPSO for southeast Stabroek BlockBerbice pipeline depends on industrial demand growthCanje block exploration license set to expire soonBy Sheila Dang and Kemol KingGEORGETOWN, Feb 19 (Reuters) - Exxon Mobil XOM.N is continuing work to determine the size of natural gas resources at...Reuters
2 hours ago
US Cash Crude-Offshore grades rise as WTI/Brent spread stays wide
HOUSTON, Feb 19 (Reuters) - Physically traded offshore grades rose on Thursday, dealers said, as the spread between WTI and Brent crude futures stayed wide and domestic crude stocks fell. A discount larger than $4 a barrel typically drives higher demand for barrels across the Atlantic, as traders sp...Reuters
2 hours ago
Dropbox beats Q4 revenue, adjusted EPS expectations
OverviewCloud storage provider's Q4 revenue beat analyst expectations despite a 1.1% yr/yr declineAdjusted EPS for Q4 beat analyst expectationsCompany repurchased 14.4 mln shares for $414.6 mln during the quarterOutlookDropbox plans to drive engagement and adoption of Dash in 2026Company focuses...Reuters
3 hours ago
