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Motiva buys cargo of Venezuelan heavy oil for March delivery; first purchase since 2019
By Nicole Jao, Arathy Somasekhar and Georgina McCartney NEW YORK, Feb 26 (Reuters) - Saudi Aramco's U.S. trading division bought a cargo of Venezuelan Boscan crude for March delivery, its first purchase of the heavy crude suited for asphalt making, sources familiar with the deal said on Thurs...Reuters
26 minutes ago
GRAINS-Soybeans ease on profit-taking after hitting 20-month peak on demand hopes
Biofuel demand supports soybean, soyoil futuresCorn futures rebound from early lows on demand optimismWheat futures rise after three sessions of lossesBy Karl Plume CHICAGO, Feb 26 (Reuters) - U.S. soybean futures ended lower on Thursday in a profit-taking dip after hopes for more U.S. biofue...Reuters
26 minutes ago
Coterra Energy misses fourth-quarter profit estimates
Feb 26 (Reuters) - Oil and gas producer Coterra Energy CTRA.N on Thursday missed Wall Street expectations for fourth-quarter profit, hurt by weaker crude prices. The company posted an adjusted profit of 39 cents per share for the three months ended December 31, compared with analysts' avera...Reuters
27 minutes ago
CBOT wheat rise in technical rebound from recent declines
CHICAGO, Feb 26 (Reuters) - Chicago Board of Trade wheat futures settled higher on Thursday in a technical-buying rebound after three sessions of declines that were fueled by favorable U.S. crop weather and abundant global supplies, traders said.Forecasts for crop-boosting rain in parts of the U.S. ...Reuters
57 minutes ago
Oil settles down after choppy session as traders follow US, Iran talks
Iran-US talks extended, reducing strike potential for nowOman comments signal de-escalation in nuclear talksBy Georgina McCartney HOUSTON, Feb 26 (Reuters) - Oil prices settled lower after a choppy session on Thursday as investors tracked developments in talks between the United States and Iran o...Reuters
an hour ago
CBOT corn ends firm on bargain buying, technical support
CHICAGO, Feb 26 (Reuters) - Chicago Board of Trade corn futures traded mixed on Thursday and ended mostly higher on technical and bargain buying, analysts said.An early-session drop in soybean futures fueled selling in corn before the late-session rebound.Corn prices remained well supported by stron...Reuters
an hour ago
CORRECTED-CBOT soybeans touch 20-month high, end lower on profit taking
CHICAGO, Feb 26 (Reuters) - Chicago Board of Trade soybean futures touched a 20-month peak on Thursday on an improving biofuel demand outlook, but closed lower on profit taking and worries about import purchases by China, analysts said.Soybean and soyoil futures rallied early in the session on expec...Reuters
an hour ago
US natgas futures hit five-month low on milder weather forecasts, low storage draw
Milder weather forecasts reduce heating demand expectationsEIA reports lower-than-normal gas storage withdrawalWaha Hub prices remain negative due to pipeline constraintsBy Scott DiSavino NEW YORK, Feb 26 (Reuters) - U.S. natural gas futures eased to a five-month low on Thursday on a small weekly...Reuters
2 hours ago
Glenfarne, TotalEnergies Sign Alaska LNG Offtake Agreement
Feb 27 (Reuters) - Glenfarne:GLENFARNE, TOTALENERGIES SIGN ALASKA LNG OFFTAKE AGREEMENTGLENFARNE: AGREEMENT FOR OFFTAKE OF TWO MILLION TONNES PER ANNUM OF LIQUEFIED NATURAL GAS FROM ALASKA LNGGLENFARNE: INTENDS TO CONTRACT 80%, OR 16 MTPA, OF ALASKA LNG'S 20 MTPA VOLUME TO FINANCE PROJECTReuters
2 hours ago
CSX Corp Announces $0.14 Per Share Quarterly Dividend
Feb 26 (Reuters) - CSX Corp CSX.O:CSX CORPORATION ANNOUNCES INCREASE TO QUARTERLY DIVIDENDCSX CORP - ANNOUNCES $0.14 PER SHARE QUARTERLY DIVIDENDCSX CORP: NEW QUARTERLY DIVIDEND REFLECTS AN EIGHT PERCENT INCREASE OVER PREVIOUS DIVIDEND PAYMENT OF $0.13 PER SHAREReuters
2 hours ago
Codelco, Rio Tinto sign early agreement to weigh investments
SANTIAGO, Feb 26 (Reuters) - Chile's Codelco, the world's largest copper producer, and miner Rio Tinto RIO.AX signed a memorandum of understanding on Thursday to explore development and investment opportunities.• The companies agreed to form a joint steering committee of senior executives to...Reuters
2 hours ago
Motiva Enterprises buys cargo of Venezuelan Boscan heavy crude for March delivery, sources say
NEW YORK, Feb 26 (Reuters) - Motiva Enterprises has bought a cargo of Venezuelan Boscan crude for delivery in March, sources said on Thursday.The purchase of Venezuelan Boscan is the first by Motiva, said two of the sources.The cargo was purchased from Chevron CVX.N, one of the sources said.Motiva d...Reuters
2 hours ago
Aramco cancels Juaymah LPG deliveries through March for repairs, traders say
By Shariq Khan and Dmitry Zhdannikov Feb 26 (Reuters) - Saudi Aramco's 2222.SE Juaymah liquefied petroleum gas export terminal is expected to be offline for repairs for at least a month after an outage this week forced the cancellation of cargoes through March, traders said on Thursday.The le...Reuters
2 hours ago
Sempra lifts five-year spending plan, beats quarterly profit estimates
Shares up 1.7%Co beats Q4 estimatesProjects $65 billion capex for 2026-2030 periodBy Pooja Menon Feb 26 (Reuters) - Energy infrastructure company Sempra SRE.N raised its five-year capital plan by 16% and beat Wall Street estimates for fourth-quarter adjusted profit on Thursday, helped by strong ...Reuters
3 hours ago
PRECIOUS-Gold steady as markets await US-Iran nuclear talks outcome
US, Iran to hold talks in Geneva later in the dayIran wants nuclear and non nuclear issues separated in talksUS tariff rate for some countries will rise to 15%, says GreerBy Anmol Choubey Feb 26 (Reuters) - Gold prices were little changed on Thursday as investors stayed on the sidelines ahead of ...Reuters
3 hours ago
US Plains HRW Wheat-Basis bids flat as rains aid winter wheat
CHICAGO, Feb 26 (Reuters) - Basis bids for hard red winter wheat were unchanged in the U.S. Plains states on Thursday as farmers and traders eyed rain prospects next week that would relieve dryness in the winter wheat belt.Warmer weather is expected to aid growth.The winter wheat crop is expected to...Reuters
3 hours ago
GRAINS-Soybeans ease on profit taking after hitting 20-month peak on demand hopes
Biofuel demand supports soybean, soyoil futuresCorn futures decline due to profit-taking and low export salesWheat futures rise after three sessions of lossesBy Karl Plume CHICAGO, Feb 26 (Reuters) - U.S. soybean futures rallied on Thursday to their highest since mid-2024 on hopes for more U.S. b...Reuters
3 hours ago
Gold holds above $5,170 as Iran tensions offset a firm USD
Gold price stays firm on Thursday during the North American session as geopolitical tensions remain elevated despite the beginning of the third round of talks between the US and Iran in Geneva. Also, solid data from the US kept bullion prices contained.
Fxstreet
3 hours ago
Aramco cancels Juaymah LPG deliveries through March for repairs, traders say
By Shariq Khan and Dmitry Zhdannikov Feb 26 (Reuters) - Saudi Aramco's 2222.SE Juaymah Liquefied Petroleum Gas (LPG) export terminal is expected to be offline for repairs for at least a month after an outage this week forced the cancellation of cargoes through March, traders said on Thursday....Reuters
4 hours ago
