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EOG Resources beats fourth‑quarter earnings estimates as production climbs
Feb 24 (Reuters) - EOG Resources EOG.N beat estimates for fourth-quarter profit on Tuesday, helped by a rise in output and higher natgas prices that offset the impact of a drop in crude prices.The company benefited from higher prices as U.S. natural gas futures NGc1 rose over 11% sequentially in the...Reuters
41 minutes ago
Venezuela readies larger oil cargoes for export, targets India
Chevron sells Venezuela oil to Reliance for the first time since 2023Supertankers to speed up Venezuelan oil exportsLarger cargoes could reduce transportation costsVLCC charters come amid tightened availability of medium-sized vesselsBy Marianna Parraga, Shariq Khan and Arathy Somasekhar Feb 24 (...Reuters
47 minutes ago
US shale producer EOG Resources beats fourth-quarter profit estimates
Feb 24 (Reuters) - EOG Resources EOG.N beat estimates for fourth-quarter profit on Tuesday, as a rise in output helped the U.S. oil and gas producer offset the impact of a drop in crude prices. The Houston-based company posted an adjusted profit of $2.27 per share for the quarter ended December 31, ...Reuters
50 minutes ago
CAVA Group Q4 revenue beats expectations
OverviewMediterranean fast-casual chain's Q4 revenue rose 21.2%, beating analyst expectationsSame-restaurant sales increased by 0.5% in Q4Company opened 24 new restaurants in Q4OutlookCAVA Group anticipates 74 to 76 net new restaurant openings in fiscal 2026Company expects same restaurant sales ...Reuters
51 minutes ago
Mediterranean restaurant chain Cava forecasts annual sales above estimates
By Sanskriti Shekhar and Juveria Tabassum Feb 24 (Reuters) - Cava Group CAVA.N forecast annual same-store sales above Wall Street estimates on Tuesday, betting on resilient demand for its healthy Mediterranean bowls, even as higher commodity and tariff-related costs pressure its margins.Shares o...Reuters
51 minutes ago
Mediterranean restaurant chain Cava forecasts annual sales above estimates
Feb 24 (Reuters) - Cava Group CAVA.N forecast annual same-store sales above Wall Street estimates on Tuesday, betting on resilient demand for its healthy Mediterranean bowls, even as higher commodity and tariff-related costs pressure its margins.The company's customizable protein and fiber-rich ...Reuters
57 minutes ago
LIVESTOCK-CME hog futures reach two-week high on fund buying
By Tom Polansek CHICAGO, Feb 24 (Reuters) - Chicago Mercantile Exchange lean hog futures jumped to a two-week high on fund buying on Tuesday, as the market continued to recover from a recent setback, traders said.Firm prices in the cash market helped to support gains. CME April hogs LHJ26 clos...Reuters
an hour ago
US natgas futures slide 2% to near five-month low on mild weather forecast
Waha Hub prices remain negative due to pipeline constraintsU.S. gas output rises, demand forecast to drop next weekU.S. LNG exports increase, surpassing previous monthly recordsBy Scott DiSavino NEW YORK, Feb 24 (Reuters) - U.S. natural gas futures slid about 2% on Tuesday to the lowest in nearly...Reuters
an hour ago
US sets preliminary duties on solar imports from India, Indonesia and Laos
US imposed preliminary countervailing duties between 80.67% and 143.3%Manufacturers, including Qcells and First Solar say subsidies undercut billions in U.S. factory investmentsTariffs impact $4.5 bln in imports, likely to disrupt Asian-dominated U.S. solar tradeBy Nichola Groom Feb 24 (Reuters) ...Reuters
an hour ago
Newmont to invest $800 million in Argentina's Cerro Negro
Feb 24 (Reuters) - Gold producer Newmont will invest approximately $800 million in Argentina's Cerro Negro mine, the country's Economy Minister, Luis Caputo, said on Tuesday. The investment will be used to restart and expand the Cerro Negro Expansion 1 (CNE1) project, which aims to extend th...Reuters
2 hours ago
Oil prices ease as Iran says prepared to take steps to reach deal with US
Iran ready for nuclear talks with US, impacting oil pricesUS-Iran tensions add $3-$4 risk premium to oil pricesUS imposes new tariffs, affecting global oil trade dynamicsBy Scott DiSavino and Siddharth Cavale NEW YORK, Feb 24 (Reuters) - Oil prices closed down 1% on Tuesday after Iran said it...Reuters
2 hours ago
GRAINS-Soy hovers near three-month peak as traders watch China demand
CBOT soybean futures turn higher after setback on MondayTariff upheaval seen easing pressure on China to buy US soyChina says it is monitoring US policies, open to discussionsBy Tom Polansek CHICAGO, Feb 24 (Reuters) - Chicago Board of Trade soybean futures rose to hover near a three-month high o...Reuters
2 hours ago
CBOT wheat finishes nearly unchanged, traders watch crop weather
CHICAGO, Feb 24 (Reuters) - Chicago Board of Trade wheat futures finished nearly unchanged on Tuesday as traders monitored weather in global growing areas.Rain showers next week could ease dryness in the southern U.S. Plains as crop growth accelerates, Commodity Weather Group said.High temperatures ...Reuters
2 hours ago
US Cash Grains-Corn basis bids flat to up at elevators
CHICAGO, Feb 24 (Reuters) - Basis bids for corn were steady to higher at elevators and steady to mixed at processors in a spot check of locations in the U.S. Midwest on Tuesday as futures ticked up slightly. Corn basis bids rose at an elevator in Cincinnati, Ohio, and another in Blair, Nebraska. The...Reuters
2 hours ago
CBOT corn ends nearly flat, a day after setting six-week high
CHICAGO, Feb 24 (Reuters) - Chicago Board of Trade corn futures ended nearly flat on Tuesday as the market consolidated after rising to a six-week high on Monday.CBOT March corn CH26 closed 1/4 cent higher at $4.27-3/4 per bushel. May corn CK26 ended down 1-3/4 cents at $4.38-1/2 per bushel after hi...Reuters
2 hours ago
CBOT soy ends stronger as China monitors US tariff policy
CHICAGO, Feb 24 (Reuters) - Chicago Board of Trade soybean futures ended higher on Tuesday as concerns temporarily eased about the risk for U.S. tariff upheaval to harm potential crop sales to top importer China, analysts said. China is closely monitoring U.S. policies and will decide "in due co...Reuters
2 hours ago
ICE Expands FCOJ Futures Daily Price Limit To 20 Cents Per Pound
Feb 24 (Reuters) - ICE FUTURES U.S.: EFFECTIVE WITH THE START OF TRADING FOR TRADE DATE FEBRUARY 25, 2026, THE DAILY PRICE LIMIT FOR ALL FCOJ FUTURES CONTRACT DELIVERY MONTHS SUBJECT TO A LIMIT WILL EXPAND TO 20 CENTS PER POUND ABOVE AND BELOW THE PRIOR DAY SETTLEMENT PRICE FOR THE RESPECTIVE DELIVE...Reuters
3 hours ago
Chevron sells Venezuelan oil to India's Reliance for the first time since 2023, ship data and sources say
HOUSTON, Feb 24 (Reuters) - U.S. oil major Chevron CVX.N has sold its first cargo of Venezuelan crude oil to India's Reliance Industries RELI.NS since December 2023, according to ship tracking data and two sources. Chevron CVX.N negotiated the Boscan crude cargo to Reliance this month, marking ...Reuters
3 hours ago
CORRECTED-Ten years after first cargo, US LNG dominance set to keep growing
US celebrates 10 years of LNG exportsU.S. could double current LNG output in five yearsTwo of world's three largest LNG exporters are in the U.S.By Curtis Williams HOUSTON, Feb 24 (Reuters) - In the ten years since the first export cargo of liquefied natural gas left Louisiana, the United Sta...Reuters
3 hours ago
