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EXCLUSIVE-Glencore to buy almost $115 million of cobalt from industry veteran Weisfisch, sources say
Material expected to be shipped to the U.S., sources sayTrump administration actively seeking to secure critical mineralsCobalt vital for defense and military equipmentBy Pratima Desai LONDON, Feb 24 (Reuters) - Glencore has agreed to buy nearly 2,000 metric tons of cobalt worth almost $115 milli...Reuters
11 minutes ago
Nigeria to start exporting new crude grade in March, further boosting output
Cawthorne crude similar to Bonny Light, valued for gasoline and diesel yieldsCawthorne export via vessel with 2.2 million barrel capacity, boosting productionNigeria's crude and condensate supply could rise to 1.7 million bpd, Kpler saysBy Seher Dareen and Isaac AnyaoguLONDON, Feb 24 - Nigeria&#...Reuters
16 minutes ago
PRECIOUS-Gold falls over 1% as dollar strengthens, investors book profits
Gold rose to more than 3-week high earlier in the sessionThe U.S. dollar rises over 0.1% Trump warns countries against backing away from trade dealsIran and U.S. to hold new round of talks on ThursdayBy Noel John Feb 24 (Reuters) - Gold prices fell more than 1% on Tuesday, easing from a three-wee...Reuters
30 minutes ago
Oil majors running Kazakh Kashagan field file arbitration over $4.6 billion fine
Latest in growing web of disputes in Kazakhstan's energy industryKazakh gov't issued fine for 2022 sulphur incidentShareholders include Shell, Total, Eni, Exxon, CNPC LONDON, Feb 24 (Reuters) - Shell SHEL.L, TotalEnergies TTEF.PA, Eni ENI.MI, Exxon XOM.N and other shareholders in Kazakhst...Reuters
33 minutes ago
UK's Centrica signs natural gas supply deal with Canada's Whitecap Resources
Feb 24 (Reuters) - Centrica CNA.L said on Tuesday it has signed a 10-year natural gas supply agreement with Canada's Whitecap Resources WCP.TO, as the British Gas-owner seeks to manage market-price exposure across its liquefied natural gas portfolio.Under the agreement beginning in April 2028, W...Reuters
45 minutes ago
German union calls nationwide local transport strike for Feb 27, 28
BERLIN, Feb 24 (Reuters) - Germany's Verdi public sector union has called on local transport workers across the country to stage a strike on February 27 and 28 to raise pressure in negotiations on wages and working conditions, it said on Tuesday.Talks on a collective wage agreement affect about ...Reuters
56 minutes ago
Middle East oil exports push tanker costs to 6-year-high amid threat of US-Iran war
February Mideast crude exports exceed 19 mln bpd, highest since April 2020 - Kpler dataDaily VLCC freight jumps to highest since April 2020 - LSEG dataSinokor snaps up VLCCs, becomes world's top operator - Signal GroupBy Jonathan Saul and Florence Tan LONDON/SINGAPORE, Feb 24 (Reuters) - The ...Reuters
an hour ago
Nippon Steel to raise $3.6 billion in Japan's biggest convertible bond offer ever
Nippon Steel's convertible bond offering largest in Japan's corporate historyCompany may increase offering furtherSeeks funds to refinance U.S. Steel takeover, to fund investments By Katya Golubkova TOKYO, Feb 24 (Reuters) - Japan's Nippon Steel 5401.T plans to raise 550 billion yen (...Reuters
an hour ago
Inpex to solicit bids for construction of Indonesia's Abadi LNG project in mid-2026
JAKARTA, Feb 24 (Reuters) - Japanese oil and gas explorer Inpex 1605.T said it aims to start the tender process for engineering for its Abadi gas project in Indonesia in the middle of this year, as Jakarta pledged to remove bureaucratic snags to help expedite the $21 billion development. The Abadi l...Reuters
an hour ago
EXCLUSIVE-Kuwait's KPC draws BlackRock, Brookfield, EIG to possible $7 billion pipeline deal, sources say
KPC seeks $7 billion by leasing oil pipelines, sourcesBlackRock, Brookfield, others show interest in KPC deal, sourcesKPC transaction could launch end of February, sourcesBy Hadeel Al Sayegh Feb 24 (Reuters) - National oil company Kuwait Petroleum Corporation (KPC) has held early stage talks with...Reuters
an hour ago
UBS Sees Gold Reaching $6,200/Oz In Coming Months
Feb 24 (Reuters) - UBS:SAYS IT SEES GOLD REACHING $6,200/OZ IN COMING MONTHS AS KEY DRIVERS UNDERPINNING ITS STRONG RALLY OVER THE PAST YEAR REMAIN IN PLACESAYS TRADE UNCERTAINTY RESURFACED AFTER U.S. PRESIDENT DONALD TRUMP ANNOUNCED A 15% GLOBAL LEVY, WHILE THE U.S. MILITARY HAS AMASSED FORCES IN T...Reuters
2 hours ago
PRECIOUS-Gold falls over 1% as dollar strengthens, investors book profits
Gold rose to more than 3-week high earlier in the sessionThe U.S. dollar rises over 0.2% Trump warns countries against backing away from trade dealsIran and U.S. to hold new round of talks on ThursdayBy Noel John Feb 24 (Reuters) - Gold prices fell more than 1% on Tuesday, easing from a three-wee...Reuters
2 hours ago
JDE Peet's says 'unprecedented' coffee bean prices fuel $1.9 billion rise in 2025 costs
Feb 24 (Reuters) - Coffee and tea firm JDE Peet's JDEP.AS, soon to be acquired by Keurig Dr Pepper KDP.O, said on Tuesday that an "unprecedented" rise in prices of green coffee beans and other items led to a 1.6 billion euro ($1.9 billion) jump in 2025 costs.As global coffee prices hit r...Reuters
2 hours ago
UBS sees modest oil price pullback if mideast tensions don't disrupt supply
Feb 24 (Reuters) - UBS on Tuesday said it expects a modest decline in oil prices in coming weeks provided there is no escalation of tensions in the Middle East that could disrupt supply."A gradual fading of the risk premium and easing supply disruptions resulting in a better supplied market shou...Reuters
3 hours ago
PRECIOUS-Gold falls from three-week high on profit-booking, firm dollar
Gold rose to more than 3-week high earlier in the sessionTrump warns countries against backing away from trade dealsFed's Waller open to rate pause if February jobs data strongBy Ishaan Arora Feb 24 (Reuters) - Gold prices fell on Tuesday as investors booked profits after bullion rose more th...Reuters
3 hours ago
TECHNICALS-CBOT corn may retrace into $4.36-3/4 to $4.35-1/4 range
SINGAPORE, Feb 24 (Reuters) - CBOT corn CK26 may retrace into a range of $4.36-3/4 to $4.35-1/4 per bushel, following its failure to break a key resistance at $4.44-3/4.The resistance is identified as the 61.8% projection level of a wave C which may either end around this level or extend to $4.51-1/...Reuters
3 hours ago
