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YPF projects EBITDA between $5.8 billion and $6.2 billion in 2026, says CEO
BUENOS AIRES, Feb 27 (Reuters) - Argentine state-run oil company YPF YPFDm.BA projects an EBITDA of between $5.8 billion and $6.2 billion in 2026, up from the $5 billion reported in 2025, chief executive Horacio Marin said on Friday.Marin said that the company, which leads production in Vaca Muerta,...Reuters
11 minutes ago
PRECIOUS-Gold poised for seventh monthly gain on geopolitical worries, softer US yields
Gold set for a monthly gain of more than 7%China's January gold imports via Hong Kong rose 69% MoMUS producer prices increase more than expected in JanuarySilver, platinum, palladium also set for monthly rise By Anmol Choubey Feb 27 (Reuters) - Gold rose on Friday and was headed for a seventh...Reuters
15 minutes ago
Venezuelan oil sale proceeds no longer routed through Qatar, US energy secretary says
Reroute follows executive order protecting proceeds from seizureTrump visit to Venezuela "a very real possibility"Venezuela plans to repair electricity grid, buys U.S. medical suppliesBy Sheila Dang CORPUS CHRISTI, Texas, Feb 27 (Reuters) - Proceeds from sales of Venezuelan oil are no...Reuters
16 minutes ago
US seeks forfeiture of oil tanker and 1.8 million barrels of Venezuelan crude oil
WASHINGTON, Feb 27 (Reuters) - The United States is seeking the forfeiture of Motor Tanker Skipper, an oil tanker seized by the U.S. in December, and approximately 1.8 million barrels of crude oil cargo supplied by Venezuelan state-run PDVSA, the Justice Department said on Friday. In its complaint, ...Reuters
29 minutes ago
US natgas futures rise 2% on higher global energy prices, near-record LNG exports
Gas futures rise despite warmer weather forecastsTexas Waha Hub prices negative for 16th consecutive dayLNG export flows near record levels in FebruaryBy Scott DiSavino NEW YORK, Feb 27 (Reuters) - U.S. natural gas futures rose about 2% on Friday on near-record liquefied natural gas export fl...Reuters
30 minutes ago
Oil prices rise 3% as US and Iran extend talks into next week
US-Iran talks end with no deal but signs of progressTechnical discussions scheduled for Vienna next week Brent and WTI benchmarks trade at multi-month highs UAE, Saudi to increase output in April - sources By Anna Hirtenstein LONDON, Feb 27 (Reuters) - Oil prices rose about 3% on Friday as trader...Reuters
52 minutes ago
GLOBAL LNG-Asia spot prices down on tepid demand; Hormuz risk in focus
Geopolitical risks rise with US-Iran tensions affecting LNG marketsStrait of Hormuz crucial for global LNG shipments, potential disruptions impactfulMild winter and high inventories pressure Asia LNG demandEuropean gas storage hits seasonal lows, rebuilding stocks poses challengeBy Marwa RashadLONDO...Reuters
56 minutes ago
INSIGHT-Saudi Aramco bringing shale gas revolution to Arabian Desert
Saudi Aramco betting on $100 billion Jafurah natural gas projectAims to be a major global natural gas playerUS, Chinese firms bring shale techniques, Aramco adapts for desert conditionsSaudi gas drilling rose last year after oil capacity U-turnJafurah could yield up to 1 million bpd in condensates, ...Reuters
an hour ago
UAE and Saudi boost oil exports as US-Iran tensions mount, sources say
UAE to export more Murban crude in April, trade sources saySaudi Arabia increases oil production amid U.S.-Iran tensionsOil prices rise as US and Iran extend talks into next week Feb 27 (Reuters) - UAE oil producer Abu Dhabi is set to export more of its flagship Murban crude in April, two trade s...Reuters
an hour ago
CBOT Trends-Wheat up 12-13 cents, corn up 3-4, soybeans up 3-4
CHICAGO, Feb 27 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CST (1430 GMT) on Friday: WHEAT - Up 12 to 13 cents per bushelCBOT wheat rose to fresh multi-month highs on Friday as investor concerns a...Reuters
an hour ago
ROI-US copper mountain still growing after December import surge: Andy Home
By Andy Home LONDON, Feb 27 (Reuters) - The huge premium for delivering physical copper to the United States may have gone but the tariff trade tailwinds are still blowing hard. U.S. imports of refined metal appeared to be waning after the White House pushed back a decision on imposing tariffs in...Reuters
an hour ago
Iran stored highly enriched uranium at underground site, IAEA report says
VIENNA, Feb 27 (Reuters) - Some of Iran's most highly enriched uranium, close to weapons grade, was stored in an underground area of its nuclear site in Isfahan, the U.N. nuclear watchdog said in a confidential report sent to member states on Friday and seen by Reuters.It is the first time the I...Reuters
an hour ago
Venezuelan oil sale proceeds no longer routed through Qatar, US energy sec says
CORPUS CHRISTI, Feb 27 (Reuters) - The U.S. Secretary of Energy, Chris Wright, said on Friday that proceeds from sales of Venezuelan oil are no longer being routed through a fund in Qatar, but going directly to accounts handled by the U.S. Treasury Department.The reroute follows a U.S. executive ord...Reuters
an hour ago
What is Israel's multi-layered defence against Iranian missiles?
JERUSALEM, February 27 (Reuters) - Israel has multi-layered air defences against Iranian ballistic missiles, an umbrella it may need to lean on as the United States and Iran teeter toward potential military conflict that could draw Iranian attacks on Israeli territory. ARROWThe long-range Arrow...Reuters
2 hours ago
Brazil prosecutors sue meatpacker MBRF over dozens of employees' miscarriages
By Ana ManoSAO PAULO, Feb 27 (Reuters) - Brazilian labor prosecutors accuse meatpacker MBRF MBRF3.SA of failing to protect pregnant employees in a lawsuit citing dozens of miscarriages allegedly linked to risk factors such as excessive noise on its production lines, court documents show. Investigato...Reuters
2 hours ago
Trucks of soybeans back up at Brazil river port, slowing export of record harvest
Truckers brave long lines to offload cargos at MirititubaWorld #1 soybean producer relying more on northern exportsIndigenous protests set back investment in river shippingBy Adriano Machado, Ana Mano and Roberto Samora MIRITITUBA, Brazil, Feb 27 (Reuters) - Truck drivers in Brazil are facing unu...Reuters
2 hours ago
PRECIOUS-Gold heads for seventh straight monthly gain on safe-haven demand
Gold set for a monthly gain of more than 6%US-Iran tensions and tariffs are supporting prices, says analystSilver also set for monthly gainBy Noel John Feb 27 (Reuters) - Gold prices rose on Friday as uncertainty over U.S. tariff policies and U.S.-Iran tensions underpinned the metal's safe-ha...Reuters
2 hours ago
GRAINS-Wheat at new multi-month highs on Iran uncertainty
Risk of Iran conflict spurs short-coveringSoybeans still supported by demand expectations PARIS/JAKARTA, Feb 27 (Reuters) - U.S. and European wheat futures rose to fresh multi-month highs on Friday as investor concerns about the risk of a U.S.-Iran military conflict supported short-covering befor...Reuters
2 hours ago
CME approves first aluminium warehousing in Taiwan
Feb 27 (Reuters) - U.S. commodities exchange operator CME Group CME.O has approved its first aluminium storage facilities in Taiwan after receiving several applications for new warehousing in Asia, the biggest regional market for the metal. In two separate notices late on Thursday, CME said it had a...Reuters
2 hours ago
