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Goldman raises Q4 oil price outlook on lower OECD stocks
Feb 23 (Reuters) - Goldman Sachs raised its Brent and West Texas Intermediate crude forecasts for the fourth quarter of 2026 by $6 to $60 and $56 respectively, citing lower OECD stocks, even as it continued to assume no Iran-related supply disruption and maintained its view of a surplus this year. F...Reuters
5 minutes ago
WTI slumps below $66.00 amid hopes for US-Iran talks
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $65.70 during the early European trading hours on Monday. The WTI price declines as the United States (US)-Iran talks are set to resume later this week.
Fxstreet
7 minutes ago
PRECIOUS-Gold climbs to 3-week high as US tariff ruling stokes uncertainty
Gold climbs to highest since January 30, silver up nearly 3% After court ruling, Trump increases US global tariff rate to 15%Tehran is ready for nuclear concessions if US meets demandsBy Pablo Sinha Feb 23 (Reuters) - Gold climbed to a three-week high on Monday as uncertainty stoked by the U.S. ...Reuters
52 minutes ago
TECHNICALS-CBOT soybeans may retest support at $11.23-1/2
For more technical analyses, please click SINGAPORE, Feb 23 (Reuters) - The CBOT soybean March contract SH26 may retest a support at $11.23-1/2 per bushel, a break below which could open the way toward $11.10-3/4 to $11.17-3/4 range.A rising wedge proved to be a top pattern. It suggests a reversal o...Reuters
54 minutes ago
Saudi Aramco sells first Jafurah condensate cargoes to US firms, India, sources say
By Florence Tan and Siyi Liu SINGAPORE, Feb 23 (Reuters) - State energy major Saudi Aramco 2222.SE has sold several cargoes of ultra light crude oil from its $100 billion Jafurah gas plant to U.S. majors and an Indian refiner as it prepares to export its first cargo later this month, four trade s...Reuters
58 minutes ago
RPT-ROI-West needs its own pricing to escape China's rare earths grip: Andy Home
By Andy Home LONDON, Feb 20 (Reuters) - A sharp rally in the price of rare earths has propelled the market above the floor price guaranteed by the U.S. government in its ground-breaking deal with domestic producer MP Materials. This is good news for the U.S. taxpayer since the government will not...Reuters
an hour ago
VEGOILS-Palm falls on overnight weakness in Chicago soyoil, firmer ringgit
JAKARTA, Feb 23 (Reuters) - Malaysian palm oil futures extended decline to the second straight session on Monday, weighed down by softer crude oil and overnight weakness in Chicago soyoil, while a firmer ringgit added to the downside.The benchmark palm oil contract FCPOc3 for May delivery on the Bur...Reuters
an hour ago
ROI-US LNG export surge and soft China demand meet record European imports: Russell
By Clyde Russell LAUNCESTON, Australia, Feb 23 (Reuters) - Spot prices for liquefied natural gas (LNG) in Asia have drifted lower despite solid demand in the top-consuming region and record imports by Europe.Throw in tensions in the Middle East and the threat to shipments from Qatar, the second-b...Reuters
an hour ago
South Korea, Brazil agree to expand cooperation in key minerals, trade
By Kyu-seok Shim and Joyce LeeSEOUL, Feb 23 (Reuters) - South Korean President Lee Jae Myung held summit talks in Seoul on Monday with Brazilian President Luiz Inácio Lula da Silva, where they agreed to expand cooperation in sectors including trade, key minerals, technology and culture. The leaders ...Reuters
2 hours ago
Air India Says Flights To And From New York And Newark Have Been Cancelled On 24 Feb Due To The Blizzard
Feb 23 (Reuters) - AIR INDIA-AIR INDIA FLIGHTS TO AND FROM NEW YORK AND NEWARK HAVE BEEN CANCELLED ON 24 FEB DUE TO THE BLIZZARDSource text: [https://tinyurl.com/4e56cp32]Further company coverage: [ ]Reuters
2 hours ago
Sasol half-year profit down 34% on lower oil, chemical prices
Feb 23 (Reuters) - South African petrochemical firm Sasol SOLJ.J on Monday reported a 34% drop in half-year profit, mainly due to lower oil and chemical prices.Sasol's headline earnings per share was 9.27 rand ($0.5789) in the six months to December 2025, from 14.13 rand previously.The company, ...Reuters
2 hours ago
Sasol half-year profit down 34% on lower oil, chemical prices
Feb 23 (Reuters) - South African petrochemical firm Sasol SOLJ.J on Monday reported a 34% drop in half-year profit, mainly due to lower oil and chemical prices.Sasol's headlines earnings per share was 9.27 rand ($0.5789) in the six months to December 2025, from 14.13 rand previously.($1 = 16.013...Reuters
2 hours ago
US energy storage installations to rise 21% in 2026 -report
Feb 23 (Reuters) - U.S. battery energy storage installations are expected to rise 21% in 2026 following a record-setting year in 2025, according to a report published on Monday.Here are some details:Battery installations rose 29% to more than 57 gigawatt-hours in 2025, according to a report by the S...Reuters
2 hours ago
Powerful winter storm shuts schools, disrupts travel across US Northeast
New York City declares state of emergency, closes schoolsGovernors activate National Guard, declare regional emergenciesFlightAware reports over 5,000 flight cancellations for MondayNJ TRANSIT suspends statewide rail and bus services due to stormBy Rajesh Kumar Singh NEW YORK, Feb 23 (Reuters) - ...Reuters
2 hours ago
South Korea, Brazil agree to expand cooperation in key minerals, trade
SEOUL, Feb 23 (Reuters) - South Korean President Lee Jae Myung held summit talks in Seoul on Monday with Brazilian President Luiz Inácio Lula da Silva, where they agreed to expand cooperation in sectors including trade, key minerals, technology and culture, Lee's office said.Reuters
3 hours ago
PRECIOUS-Gold climbs to 3-week high as US tariff ruling stokes uncertainty
Gold climbs to highest since January 30, silver up over 3% After court ruling, Trump increases US global tariff rate to 15%Tehran is ready for nuclear concessions if US meets demandsBy Pablo Sinha Feb 23 (Reuters) - Gold prices climbed to a more than three-week high on Monday as uncertainty stok...Reuters
3 hours ago
Oil drops amid Iran nuclear talks, US tariff uncertainty
Trump says US global tariff rate will rise from 10% to 15%Iran and US to meet on Thursday for talksTehran ready for nuclear concessions if US meets demands, Iranian official saysBy Mohi Narayan and Florence Tan NEW DELHI, Feb 23 (Reuters) - Oil prices fell about 1% on Monday as the U.S. and Iran ...Reuters
3 hours ago
Goldman Sachs raises oil price forecast for Q4 of 2026
Feb 23 (Reuters) - Goldman Sachs GS.N raised its Brent and West Texas Intermediate crude forecasts for the fourth quarter of 2026 by $6 to $60 and $56 respectively, citing lower-than-expected OECD stocks, even as it continues to assume no Iran-related supply disruption and maintains its view of a 20...Reuters
3 hours ago
