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Morgan Stanley raises near-term Brent crude forecasts on geopolitical risk premium
Feb 23 (Reuters) - Morgan Stanley raised its near-term Brent forecasts, saying that the geopolitical risk premium is likely to persist for a period, but added that it still expects prices to soften to $60 per barrel later this year.The bank now sees Brent at $62.5/bbl in the second quarter of this y...Reuters
22 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
45 minutes ago
Oil: Softer prices on Iran talks and tariffs – ING
ING analysts Warren Patterson and Ewa Manthey note that Oil, specifically ICE Brent, rallied strongly last week on rising geopolitical risks around potential US action in Iran, but is trading softer as further US-Iran talks are scheduled.Fxstreet
49 minutes ago
Oil drops as US tariff uncertainty clouds demand, Iran nuclear talks eyed
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 Seher Dareen and Mohi Narayan LONDON, Feb 23 (Reuters) - Oil prices fell over 1% on Monday as the U.S. and Iran prep...Reuters
an hour ago
FACTBOX-Goldman Sachs raises 26Q4 Brent, WTI oil price outlook
Feb 23 (Reuters) - Goldman Sachs GS.N raised its Brent and West Texas Intermediate (WTI) crude forecasts for the fourth quarter of 2026 by $6 each to $60 and $56 respectively, on lower-than-expected OECD stocks, even as it maintained its view of a 2026 surplus.The bank now assumes 2026 global invent...Reuters
an hour ago
South Korea and Brazil agree to expand cooperation in key minerals, trade
Leaders agree to elevate relationship to strategic partnership10 MOUs signed covering trade, minerals, and digital economyBrazil seeks South Korean investment in rare-earth and nickel reservesBy Kyu-seok Shim and Joyce LeeSEOUL, Feb 23 (Reuters) - South Korean President Lee Jae Myung held summit tal...Reuters
an hour ago
Greenland prime minister says 'no thanks' to Trump's hospital ship
COPENHAGEN, Feb 22 (Reuters) - Greenland's Prime Minister Jens-Frederik Nielsen said on Sunday "no thanks" to U.S. President Donald Trump's idea of sending a hospital ship to Greenland, a territory that Trump has repeatedly said he wishes to take over.Trump said on Saturday on social...Reuters
an hour ago
TABLE-North Sea gas maintenance schedule
Feb 23 (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
2 hours ago
Lithuania 'very frustrated' that 90-billion-euro loan for Ukraine was blocked
COPENHAGEN, Feb 23 (Reuters) - Lithuania's Foreign Minister Kestutis Budrys is "very frustrated" that a European Union proposal for a 90 billion euro ($106.37 billion) loan for Ukraine has been blocked, he said on Monday ahead of an EU foreign council meeting.Hungary has said it will blo...Reuters
2 hours ago
TIMELINE-Major developments in Trump's trade war
Feb 23 (Reuters) - U.S. President Donald Trump's tariff decisions since he took office in January 2025 have shocked financial markets and sent a wave of uncertainty through the global economy.Here is a timeline of the major developments: February 1, 2025 - Trump orders 25% tariffs on imports...Reuters
2 hours ago
Silver Price Forecast: XAG/USD holds early gains driven by US trade policy uncertainty
Silver price (XAG/USD) trades 2.13% higher to near $86.50 during the European trading session on Monday. The white metal strengthens as the United States (US) Supreme Court ruling against President Donald Trump’s tariff policy has revived trade uncertainty.Fxstreet
3 hours ago
PRECIOUS-Gold climbs to 3-week high as US tariff ruling stokes uncertainty
Gold hits peak since January 30, silver rises as much as 3% After court ruling, Trump increases US global tariff rate to 15%Tehran says 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
3 hours ago
TECHNICALS-CBOT corn may retest support at $4.24-1/4
SINGAPORE, Feb 23 (Reuters) - CBOT March corn CH26 may retest support at $4.24-1/4 per bushel, a break below which could open the way toward $4.23-1/4 to $4.21-3/4.A wave c from $4.32-3/4 briefly travelled below its 76.4% projection level of $4.24-1/4 twice. It is highly likely to extend to the 100%...Reuters
3 hours ago
Johnson Matthey PLC To Sell CT Business To Honeywell For £1.33 Bln
Feb 23 (Reuters) - Johnson Matthey PLC JMAT.L:JOHNSON MATTHEY PLC - UPDATE ON CATALYST TECHNOLOGIES SALEJOHNSON MATTHEY PLC - UPDATE ON CATALYST TECHNOLOGIES SALEJOHNSON MATTHEY - JM AND HONEYWELL EXTEND LONG STOP DATE TO JULY 2026JOHNSON MATTHEY: JM AND HONEYWELL EXPECT TO COMPLETE TRANSACTION BY...Reuters
3 hours ago
EU not likely to agree on Russian sanctions on Monday, Kallas says
BRUSSELS, Feb 23 (Reuters) - EU countries will likely not reach an agreement on the proposed new package of sanctions against Russia on Monday, EU foreign policy chief Kaja Kallas said.Continued resistance from Hungary has made it clear that consensus on the proposed measures will not be reached at ...Reuters
3 hours ago
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
3 hours 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
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 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
4 hours ago
