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Germany to scrap key parts of contentious heating law
BERLIN, Feb 25 (Reuters) - Germany's coalition parties have agreed to ditch a contentious heating law introduced by the previous government and allow homeowners to continue to install oil and gas heating systems.Replacing the rules, pushed through by the Greens in 2023, was an electoral promise ...Reuters
8 minutes ago
Iraq's West Qurna 2 oilfield poised for output surge with Chevron, minister says
Chevron takeover could double West Qurna 2 output to 800,000 bpdIraq aims to boost oil output capacity to over 6 million bpd by 2029Deal follows pacts with Exxon, BP, and TotalEnergies Feb 25 (Reuters) - Iraq could nearly double its output from West Qurna 2 oilfield to 800,000 barrels per day as ...Reuters
13 minutes ago
JP Morgan raises long-term gold price forecast to $4,500
Feb 25 (Reuters) - JP Morgan raised on Wednesday its long-term forecast for gold prices to $4,500 an ounce, while keeping its 2026 year-end forecast at $6,300.Spot gold XAU= has risen about 20% this year, hitting a three-week high of $5,248.89 an ounce on Tuesday that was off its January 29 all-time...Reuters
15 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 government issued fine for 2022 sulphur incidentShareholders include Shell, Total, Eni, Exxon, CNPC LONDON, Feb 25 (Reuters) - Shell SHEL.L, TotalEnergies TTEF.PA, Eni ENI.MI, Exxon XOM.N and other shareholders in Kazakhs...Reuters
25 minutes ago
Indonesia may struggle to deliver on new US farm import promises, traders say
Wheat, soybean, soymeal import targets sharply raisedSoymeal commitment far exceeds current imports from USState firm Berdikari to lead feed-grain importsBy Bernadette Christina, Dewi Kurniawati and Naveen Thukral JAKARTA/SINGAPORE, Feb 25 (Reuters) - Indonesia could struggle to meet its pledge f...Reuters
39 minutes ago
PRECIOUS-Gold gains on softer dollar, safe‑haven bid amid US tariff uncertainty
Silver, platinum, palladium scale three-week highsIran and US to hold new round of talks on ThursdayTrump says "almost all" countries, corporations want to stick to tariff, investment agreementsBy Noel John Feb 25 (Reuters) - Gold prices rose on Wednesday, lifted by a softer dollar and he...Reuters
45 minutes ago
PRECIOUS-Gold climbs 1% as US tariff uncertainty lifts safe-haven demand
Silver up more than 3% to a three-week highPlatinum, palladium also scale three-week highsU.S. starts collecting temporary new 10% global import tariffBy Ishaan Arora Feb 25 (Reuters) - Gold prices climbed 1% on Wednesday, as investors flocked to the safe-haven metal during Asian trading, weighin...Reuters
an hour ago
Exxonmobil Beaumont Complex, Texas, Reports Maintenance Activity
Feb 25 (Reuters) - Exxon Mobil Corp XOM.N: REPORTS MAINTENANCE ACTIVITY RESULTING IN INCREASED ACTIVITY AND FLARING AT BEAUMONT COMPLEX IN TEXASSOURCE: SOUTHEAST TEXAS ALERTING NETWORK (STAN)THE BEAUMONT COMPLEX HOUSES A 612,000 BARREL-PER-DAY OIL REFINERYReuters
2 hours ago
Metlen signs LNG supply and trading cooperation deal with Shell
Feb 25 (Reuters) - Greece's Metlen MTLN.L said on Wednesday it had signed a memorandum of understanding with Shell SHEL.L to cooperate on liquefied natural gas (LNG) supply and trading. The London- and Athens-listed energy and metals group said the agreement will allow it to secure and trade bet...Reuters
2 hours ago
Renewable energy company EDPR's 2025 recurring profit jumps 50% on US growth
LISBON, Feb 25 (Reuters) - EDP Renovaveis EDPR.LS, the world's fourth-largest wind energy producer, said on Wednesday recurring net profit rose 50% in 2025, driven by strong U.S. capacity expansion despite lower capital gains, while projecting a further increase in EBITDA this year.The renewab...Reuters
2 hours ago
Oil hovers near seven-month highs ahead of US-Iran talks
US-Iran talks may prevent conflict that could disrupt supply Deal with US hinges on diplomacy, Iranian minister saysUS oil stockpiles rise, gasoline inventories fall, API data showsBy Katya Golubkova and Jeslyn Lerh SINGAPORE, Feb 25 (Reuters) - Oil prices were hovering near seven-month highs on ...Reuters
2 hours ago
UK's Ofgem Says Energy Prices Will Go Down By 7% From 1 April to 30 June
Feb 25 (Reuters) - UK's Ofgem:UK'S OFGEM : FROM 1 APR TO 30 JUN ENERGY PRICES WILL GO DOWN BY £117 OR 7% FOR A TYPICAL HOUSEHOLD WHO USE ELECTRICITY AND GAS AND PAY BY DIRECT DEBITUK'S OFGEM : COMPARED TO THE LEVEL BETWEEN APRIL AND JUNE 2025, IT IS 11% OR £208 LOWERUK'S OFGEM : ANNU...Reuters
2 hours ago
TABLE-UAE's Fujairah oil inventory data for week ended February 23
Feb 25 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended February 23, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change f...Reuters
2 hours ago
Citi Lowers Annual 2026 Henry Hub Price Average To $3.2/Mmbtu From $3.7/Mmbtu
Feb 25 (Reuters) - CITI:SAYS ANNUAL 2026 HENRY HUB PRICE AVERAGE IS REVISED LOWER FROM $3.7/MMBTU TO $3.2/MMBTUSAYS 0-3M HENRY HUB PRICE TARGET REVISED LOWER FROM $3.0/MMBTU TO $2.5/MMBTUSAYS PRICES SHOULD AVERAGE $2.8/MMBTU IN 2Q26, $3/MMBTU IN 3Q26 AND $3.6/MMBTU IN 4Q26SAYS NET INJECTION SHOULD B...Reuters
2 hours ago
ROI-US AI boom faces electric shock: Bousso
By Ron Bousso LONDON, Feb 25 (Reuters) - Big Tech’s race to dominate artificial intelligence may soon hit a nasty road bump as U.S. electricity grids struggle to keep pace with the big-spending hyperscalers.America’s technology giants, including Microsoft MSFT.O, Amazon AMZN.O, Alphabet GOOGL.O a...Reuters
2 hours ago
TABLE-North Sea gas maintenance schedule
Feb 25 (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
3 hours ago
ROI-Maybe the global economy isn't all about AI: Mike Dolan
By Mike Dolan LONDON, Feb 25 (Reuters) - Whether it leads to doom-laden depression or a productivity nirvana, the artificial intelligence juggernaut now dominates macroeconomic thinking as well as stock market bets. But if you unpick the details of impressive global industrial growth, the rest of...Reuters
3 hours ago
