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Tanker carrying fuel likely bound for Cuba halted in Atlantic Ocean, shipping data says
Feb 25 (Reuters) - A Hong Kong-flagged tanker carrying fuel likely bound for Cuba has halted navigation in the Atlantic Ocean, ship tracking data showed on Wednesday, a blow for the oil-thirsty Caribbean nation.The tanker Sea Horse loaded through a ship-to-ship transfer in the Mediterranean before d...Reuters
6 minutes ago
Gold reclaims $5,200 on trade jitters and Fed cut bets
Gold prices rise over 1% on Wednesday amid uncertainty on US trade policies and expectations that the Federal Reserve (Fed) will ease policy through the rest of the year. At the time of writing, XAU/USD trades at $5,204 after bouncing off its worst levels at $5,121.
Fxstreet
9 minutes ago
Saudi Aramco confirms damage at its Juaymah terminal, says scheduled deliveries would be cancelled
Feb 25 (Reuters) - Saudi Aramco 2223.SE confirmed on Wednesday that scheduled propane and butane deliveries from its Juaymah natural gas liquids terminal in eastern Saudi Arabia would be canceled, saying a small segment of the delivery system was "structurally damaged" earlier this week.Aram...Reuters
16 minutes ago
WTI under pressure as US stockpiles jump, OPEC+ signals supply increase
West Texas Intermediate (WTI) trades under pressure on Wednesday as a larger-than-expected US crude inventory build and expectations of higher OPEC+ output fuel renewed oversupply worries. At the time of writing, the US benchmark is trading around $65.45, down nearly 1.25%.
Fxstreet
30 minutes ago
EU wheat lower as euro and Chicago weigh
PARIS, Feb 25 (Reuters) - Euronext wheat eased on Wednesday, moving back from a three-month peak under pressure from weakness in Chicago futures and a rise in the euro, traders said.May milling wheat BL2K6, the most-active position on Euronext, was down 0.1% at 197.00 euros ($232.70) a metric ton by...Reuters
44 minutes ago
Global coffee production to hit all-time high in 2026/2027, Rabobank says
NEW YORK, Feb 25 (Reuters) - Global coffee production is projected to reach 180 million 60-kg bags in the 2026/2027 season that starts in October, the largest annual supply on record, according to a report by Dutch bank Rabobank released on Wednesday.The bank said higher arabica coffee production in...Reuters
48 minutes ago
US offers historic $26.5 billion energy loan to Southern Co subsidiaries
Loan to support gas, nuclear, batteries, transmissionDOE: deal helped Southern freeze power bill rates for customersLoan to help six nuclear plants pay for re-licensing over eight years By Timothy Gardner WASHINGTON, Feb 25 (Reuters) - The U.S. Energy Department said on Wednesday it has offered a...Reuters
58 minutes ago
Saudi Aramco halts cargo loading at Juaymah terminal due to outage, sources say
NEW YORK, Feb 25 (Reuters) - Saudi Aramco 2223.SE has halted cargo loading at its Juaymah natural gas liquids terminal in eastern Saudi Arabia after the collapse of a portion of the trestle carrying propane and butane pipes, sources said on Wednesday citing a notice to customers.The incident occurre...Reuters
an hour ago
Mosaic Sees $300-$500 Million Working Capital Release Possible If Sulfur, Ammonia Costs Ease
Feb 25 (Reuters) - Mosaic Co MOS.N:MOSAIC SAYS IT IS PURSUING STRATEGIC ALTERNATIVES FOR SELECTED BRAZILIAN ASSETS IN 2026 - CONF CALLMOSAIC SAYS EACH $10 SULFUR PRICE RISE ADDS ABOUT $10 MILLION TO QUARTERLY EXPENSE - CONF CALLMOSAIC EXPECTS ABOUT $250 MILLION EBITDA HEADWIND IN Q1 2026 FROM HIGHER...Reuters
an hour ago
White House to host Big Tech in pledge to rein in power costs
By Jarrett Renshaw and Laila Kearney Feb 25 (REUTERS) - The White House plans to host leading data center and artificial intelligence companies including Microsoft MSFT.O, Anthropic and Meta Platforms META.O in early March to formalize a deal to shield consumers from rising electricity costs, acc...Reuters
an hour ago
Corteva targets fourth quarter for planned split into two companies
By Pooja Menon Feb 25 (Reuters) - U.S. agrichemicals company Corteva CTVA.N said on Wednesday it expects the previously announced planned separation into two listed companies to occur sometime in the fourth quarter of this year.Late last year, the company had said it would separate its seed and ...Reuters
an hour ago
MET Group and Shell sign MOU for US LNG supply to Europe
LONDON, Feb 25 - Switzerland-based energy trader MET Group said on Wednesday it has signed a memorandum of understanding (MoU) with Shell SHEL.L for the potential purchase of around 0.5 million tonnes per annum (mtpa) of liquefied natural gas (LNG) between 2027 and 2033, sourced primarily from She...Reuters
an hour ago
US issues guidance on licenses for resale of Venezuelan origin oil for use in Cuba
WASHINGTON, Feb 25 (Reuters) - The U.S. Treasury on Wednesday said it would implement a favorable policy toward applications for specific licenses seeking authorization for resale of Venezuelan origin oil for use in Cuba, according to guidance posted on the department's website.The favorable lic...Reuters
2 hours ago
PRECIOUS-Gold climbs as tariff and geopolitical risks spur safe‑haven demand
Iran and US to hold new round of talks on ThursdayGold may soften into spring but tariffs could limit downturn, BofA saysPlatinum hits highest level since January 29By Anmol Choubey Feb 25 (Reuters) - Gold gained on Wednesday as investors moved into safe havens on concerns that tariffs could stok...Reuters
2 hours ago
Oil turns negative as large US crude stock build outshines supply concerns
US-Iran talks could prevent conflict and supply disruption Deal with US hinges on diplomacy, Iranian minister saysUS oil stocks rise and gasoline inventories fall, API data showsBy Arathy Somasekhar HOUSTON, Feb 25 (Reuters) - Oil prices slipped into negative territory on Wednesday as a much larg...Reuters
2 hours ago
World Cocoa Foundation head Chris Vincent to leave post
By May AngelLONDON, Feb 25 (Reuters) - World Cocoa Foundation president Chris Vincent will leave his post at the end of the year after about five years in the role, the non-profit industry group, whose members represent more than 80% of the global cocoa sector, said on Wednesday.Vincent's depart...Reuters
2 hours ago
Valero Houston refinery recovering from power interruption, community notice says
HOUSTON, Feb 25 (Reuters) - Valero Energy Corp's VLO.M 205,000 barrel-per-day (bpd) Houston refinery is recovering from an electrical power interruption on Wednesday morning, the company said in a notice filed with a community warning system. Valero had earlier in the morning filed a notice abou...Reuters
2 hours ago
Corteva targets fourth quarter for planned split into two companies
By Pooja Menon Feb 25 (Reuters) - U.S. agrichemicals company Corteva CTVA.N said it expects the previously announced planned separation into two listed companies to occur sometime in the fourth quarter of this year.Late last year, the company had said it would separate its seed and pesticide bus...Reuters
2 hours ago
Brazil 2026/27 arabica crop forecast to produce up to 49 million 60-kg bags of coffee, Hedgepoint says
SAO PAULO, Feb 25 (Reuters) - Brazil's 2026/27 arabica coffee crop is expected to produce between 46.5 million and 49 million 60-kilogram bags, according to a Hedgepoint Global Markets report published on Wednesday, above estimates from the country's Conab crop agency. Earlier this month, Co...Reuters
2 hours ago
