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Oil drops more than 1% on US stockpiles, with US-Iran talks also in focus
US oil stockpiles rise by the most in three yearsUS-Iran nuclear talks seek to avert military conflictSaudi Arabia boosts oil output By Enes Tunagur LONDON, Feb 26 (Reuters) - Oil prices fell on Thursday after the biggest jump in U.S. crude inventories in three years, with signs of weakness in th...Reuters
27 minutes ago
Businessman Gupta refused permission to appeal in Trafigura nickel fraud lawsuit
LONDON, Feb 26 (Reuters) - Indian businessman Prateek Gupta was refused permission by London's High Court on Thursday to appeal against a ruling that he defrauded commodities trader Trafigura over fake nickel cargoes.Geneva-based Trafigura alleged Gupta was the mastermind of a fraudulent "Po...Reuters
39 minutes ago
Gold: Debasement trade points to new highs – TD Securities
TD Securities commodity strategists see renewed upside in Gold prices. They argue that easier Fed policy, persistent core PCE near 3% and ongoing debasement dynamics could drive Gold toward fresh records around $5,700/oz.
Fxstreet
46 minutes ago
Hormel misses quarterly sales estimates on weak retail demand
Feb 26 (Reuters) - Skippy peanut butter maker Hormel Foods HRL.N missed quarterly sales estimates on Thursday, reflecting U.S. consumers' shift towards cheaper alternatives amid economic uncertainty. The packaged-food maker had hiked prices in fiscal 2025 to counter soaring costs of commodi...Reuters
56 minutes ago
Vital Farms Q4 revenue slightly misses estimates; sets $100 mln stock buyback
OverviewEthically produced foods firm's Q4 revenue rose 28.7% yr/yr, slightly missing analyst expectationsAdjusted EBITDA for Q4 missed analyst estimatesCompany authorized $100 mln stock repurchase programOutlookVital Farms expects fiscal 2026 net revenue of $900 mln to $920 mlnCompany projects ...Reuters
an hour ago
Shell reviewing some of its Shell Ventures portfolio with option to sell, sources say
By Stephanie Kelly LONDON, Feb 26 (Reuters) - Shell SHEL.L has put under review with the option to sell investments it holds in some of the companies under its Shell Ventures portfolio, two sources familiar with the matter said. The British oil major will retain a majority of its Ventures investm...Reuters
an hour ago
Hanwha and Greek ΟΝΕΧ Shipyards to expand activities in the US
ATHENS, Feb 26 - Greek ΟΝΕΧ Shipyards and Technology said on Thursday it signed an agreement with South Korean Hanwha Power Systems to expand their joint activities in the United States in shipbuilding, energy production and regasification units.ONEX, which operates two shipyards in Greece, said in ...Reuters
an hour ago
Cheniere signs long-term LNG supply deal with Taiwan's CPC
Feb 26 (Reuters) - Cheniere Energy LNG.N said on Thursday it has entered a long-term liquefied natural gas (LNG) supply deal with Taiwan's CPC Corp.Under the agreement, CPC will purchase up to 1.2 million tonnes per annum of the superchilled gas from Cheniere's subsidiary from 2026 through 2...Reuters
an hour ago
Shell puts some of its Shell Ventures portfolio under review, sources say
LONDON, Feb 26 (Reuters) - Shell SHEL.L has put under review the investments it holds in some of the companies under its Shell Ventures portfolio, two sources familiar with the matter said. The British oil major will retain a majority of its Ventures investments, one of the sources said. The corpora...Reuters
an hour ago
Gold holds steady as US-Iran nuclear talks and trade tensions shape outlook
Gold (XAU/USD) trades with a mild upside bias on Thursday but remains confined within this week’s trading range as markets stay cautious ahead of key geopolitical developments. At the time of writing, XAU/USD trades at $5,174 as bulls struggle to sustain gains above the $5,200 level.Fxstreet
an hour ago
Warby Parker Q4 revenue up 11.2%, slightly misses estimates
OverviewVision lifestyle brand's Q4 revenue grew 11.2% but slightly missed analyst expectationsCompany achieved first full year of positive net income of $1.6 mlnCompany authorized $100 mln share repurchase programOutlookWarby Parker expects 2026 revenue of $959 mln to $976 mlnCompany anticipate...Reuters
2 hours ago
PRECIOUS-Gold ticks up on safe‑haven bids; markets eye US-Iran talks
US, Iran to hold talks in Geneva later in the dayUS tariff rate for some countries will rise to 15%, says GreerUS weekly jobless claims data due later in the dayBy Noel John Feb 26 (Reuters) - Gold prices edged up on Thursday as uncertainty over U.S. tariff policy boosted the metal's safe-hav...Reuters
2 hours ago
Floating wind market 'much smaller' than expected, Technip chief says
By Vera Dvorakova and ELENA SMIRNOVA Feb 26 (Reuters) - Demand for floating wind turbines is much lower than imagined only three to five years ago, Technip Energies TE.PA CEO Arnaud Pieton said on Thursday, reflecting broader concerns across the wind power industry.Ekwil, Technip's joint vent...Reuters
2 hours ago
Cheniere reports rise in 2025 profit on strong LNG demand
Feb 26 (Reuters) - Cheniere Energy LNG.N reported a nearly 64% rise in full-year 2025 profit on Thursday, driven by strong liquefied natural gas (LNG) demand.The U.S. is the world's largest LNG exporter and had shipped 15 billion cubic feet per day (bcfpd) of the supercooled fuel last year, acco...Reuters
2 hours ago
Flowco Q4 revenue beats on higher Surface Equipment sales
OverviewOil and gas solutions provider's Q4 revenue beat analyst expectationsAdjusted net income for Q4 beat analyst expectationsCompany announced acquisition of Valiant Artificial Lift SolutionsOutlookFlowco expects to close Valiant acquisition in March 2026Company plans to use credit facility ...Reuters
2 hours ago
Cheniere reports rise in 2025 profit on LNG demand
Feb 26 (Reuters) - Cheniere Energy LNG.N reported a rise in full-year 2025 profit on Thursday, helped by strong liquefied natural gas (LNG) demand.The company reported net income attributable to Cheniere of $5.33 billion for the year ended December 31, compared with $3.25 billion a year earlier.Reuters
2 hours ago
Nordic countries investigate threat to energy infrastructure, Sweden's TV4 reports
STOCKHOLM, Feb 26 (Reuters) - Authorities in Nordic countries are investigating a threat to the region's energy infrastructure, Sweden's TV4 reported on Thursday, citing anonymous sources.The threat came from an actor believed to be connected to a foreign power, the sources told TV4.Sweden&#...Reuters
2 hours ago
RPT-ROI-Geopolitical turmoil gives OPEC+ cover for cautious output hike: Bousso
By Ron Bousso LONDON, Feb 26 (Reuters) - OPEC+ meets on Sunday to set its next production move amid heightened geopolitical friction affecting nearly a third of its output. That volatility may give the group cover to stick to its balanced-market narrative, even if the facts on the ground sugg...Reuters
2 hours ago
