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US drillers cut oil and gas rigs for first time in six weeks, says Baker Hughes
By Scott DiSavinoNEW YORK, Feb 27 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for the first time in six weeks, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.Reuters
12 minutes ago
Mexico's Pemex narrows losses in last quarter of 2025
MEXICO CITY, Feb 27 (Reuters) - Mexican state energy company Pemex narrowed losses sharply in the fourth quarter, booking a net loss of 155.23 million pesos ($8.62 million), a filing to the Mexican stock exchange showed on Friday.Over the same quarter a year earlier, it booked a net loss of 350.46 b...Reuters
30 minutes ago
Slovak PM has "clear impression" Ukraine does not want oil transit to resume
Feb 27 (Reuters) - Slovak Prime Minister Robert Fico said on Friday that Ukrainian President Volodymyr Zelenskiy was refusing to allow outside inspections of damage to the Druzhba oil pipeline and that he had the "clear impression" that Kyiv had no interest in allowing oil transit to resume....Reuters
56 minutes 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 weekBy Florence Tan, Yousef Saba and Seher Dareen SINGAPORE/LONDON, Feb 27 (Reuters) - UAE oil producer Abu Dhabi is set to...Reuters
an hour ago
US seeks forfeiture of oil tanker and 1.8 million barrels of Venezuelan 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 1.8 million barrels of crude oil cargo supplied by Venezuelan state-run company PDVSA, the Justice Department said on Friday. In its complaint, fi...Reuters
2 hours ago
PRECIOUS-Gold nears one-month high, set for seventh straight monthly rise
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 to near a one-month high on Friday and...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
US Plains HRW Wheat-Basis bids flat in subdued trade
CHICAGO, Feb 27 (Reuters) - Basis bids for hard red winter wheat were unchanged in the U.S. Plains states on Friday in a quiet trade, dealers said.Strengthening Kansas City hard red winter wheat futures may encourage farmer selling.Investor concerns about the risk of a U.S.-Iran military conflict su...Reuters
2 hours ago
US Cash Grains-Soybean, corn steady-higher amid contract roll
CHICAGO, Feb 27 (Reuters) - Basis bids for soybeans and corn were mostly flat to higher across the U.S. Midwest on Friday as merchandisers rolled positions to the May corn contract CK26 and the May soybean contract SK26 ahead of the expiration of the March contract.The corn basis rose at an Illinois...Reuters
2 hours ago
Hungary and Slovakia want team to inspect Druzhba pipeline damage in Ukraine
Druzhba pipeline has been out of action since January 27Hungary and Slovakia accuse Ukraine of delaying repairsKyiv says it is working as fast as it can By Anita Komuves and Jason Hovet BUDAPEST, Feb 27 (Reuters) - Hungary and Slovakia agreed on Friday to set up a joint committee to investigate d...Reuters
2 hours ago
EDF presses ahead with Edison stake sale after Italian energy decree, sources say
By Francesca Landini and Elvira Pollina MILAN, Feb 27 (Reuters) - France's EDF is moving ahead with a possible listing or sale of a stake in Italian unit Edison, three sources with knowledge of the matter said, despite the regulatory uncertainty brought about by Italy's new energy-sec...Reuters
2 hours ago
Mexico's Pemex reports fourth-quarter net loss of $8.62 million
MEXICO CITY, Feb 27 (Reuters) - Mexican state energy company Pemex booked a net loss of 155.23 million pesos ($8.62 million) and revenues of 362.45 billion pesos for the fourth quarter of last year, a filing with the Mexican stock exchange on Friday showed. ($1 = 18.0080 Mexican pesos at end-De...Reuters
2 hours ago
IAEA report says Iran must allow inspections, points at Isfahan
Agency still has not visited most sensitive bombed sitesLarge stock of uranium near weapons-grade unaccounted forSome of it was underground at Isfahan tunnel complexIAEA increasingly concerned about newest plant at IsfahanBy Francois Murphy VIENNA, Feb 27 (Reuters) - The U.N. nuclear watchdog...Reuters
2 hours ago
YPF projects EBITDA between $5.8 billion and $6.2 billion in 2026, says CEO
By Eliana Raszewski and Leila MillerBUENOS 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, w...Reuters
3 hours ago
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
3 hours 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
3 hours 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
3 hours 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
3 hours 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
4 hours 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
4 hours ago
