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Europe’s gas supply stabilises after colder weather: Kemp

COLUMN-Europe’s gas supply stabilises after colder weather: Kemp By John Kemp LONDON, Feb 3 (Reuters) - Colder-than-normal temperatures across Northwest Europe since the middle of January have steadied gas prices and halted the bloat in storage, but the region is still on track for a near-record carryout at the end of winter. Combined gas inventories in the European Union and the United Kingdom were equivalent to 807 terawatt-hours (TWh) on Feb.

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North Sea Crude-Forties strengthens, BP sells cargo

North Sea Crude-Forties strengthens, BP sells cargo LONDON, Feb 3 (Reuters) - North Sea Forties crude oil differentials strengthened on Friday on stronger bids and offers, while BP sold Petroineos a cargo, according to two trade sources. PLATTS WINDOW * Indications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).

Nigeria's state oil company says South Korea's Daewoo to fix refinery for $741 mln

Nigeria's state oil company says South Korea's Daewoo to fix refinery for $741 mln ABUJA, Feb 3 (Reuters) - Nigeria's state-owned national oil company NNPC Ltd has signed a $741 million contract with South Korean firm Daewoo to modernise a refinery in northern Kaduna state, NNPC said on Friday. The contract was signed on Thursday as part of government plans to end shortages of fuel in Africa's biggest oil producer.

New EU sanctions will hit Russia's trade and technology, von der Leyen says

New EU sanctions will hit Russia's trade and technology, von der Leyen says By Bart Meijer AMSTERDAM, Feb 3 (Reuters) - The European Union's next package of sanctions against Russia will hit the trade and technology that supports its war against Ukraine, European Commission President Ursula von der Leyen said on Friday. "Our 9 packages of sanctions are biting, and a 10th one is on its way.

Chinese spy balloon changed course, floating over central United States-Pentagon

Chinese spy balloon changed course, floating over central United States-Pentagon WASHINGTON, Feb 3 (Reuters) - A Chinese spy balloon over the United States has changed course and is now floating eastward at about 60,000 feet above the central part of country, the Pentagon said on Friday, adding it would likely be over the United States for a few more days.

Motor racing-Honda among six F1 engine manufacturers for 2026-30

Motor racing-Honda among six F1 engine manufacturers for 2026-30 LONDON, Feb 3 (Reuters) - Honda has registered to be one of six power unit suppliers in Formula One's new engine era from 2026-30, the governing FIA said on Friday. The Japanese carmaker officially withdrew from Formula One after powering Max Verstappen to his maiden world championship with Red Bull in 2021 but has continued to provide engines under a technical support deal that runs to 2025. Red Bull has set up its own powertrains
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Ferrovie Dello Stato Signs Two MoU With Ita Airways, Lufthansa Group to Air And Train Transport Integration

BRIEF-Ferrovie Dello Stato Signs Two MoU With Ita Airways, Lufthansa Group to Air And Train Transport Integration Feb 3 (Reuters) - Ferrovie dello Stato Italiane SpA IPO-FERRO.MI : SIGNS TWO DIFFERENT MOU WITH ITA AIRWAYS AND LUFTHANSA GROUP FOR A BETTER INTEGRATION BETWEEN AIR AND TRAIN TRANSPORT Further company coverage: IPO-FERRO.MI (Gdansk News
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Southwest to testify at U.S. Senate hearing after meltdown

UPDATE 1-Southwest to testify at U.S. Senate hearing after meltdown Adds hearing participants detail, background, Southwest comment By David Shepardson WASHINGTON, Feb 3 (Reuters) - Southwest Airlines LUV.N Chief Operating Officer Andrew Watterson will testify on Feb. 9 before the U.S. Senate Commerce Committee after a holiday meltdown forced the budget carrier to cancel thousands of flights.

Self-proclaimed bitcoin inventor's $2.5 bln lawsuit can go to trial - London court

Self-proclaimed bitcoin inventor's $2.5 bln lawsuit can go to trial - London court LONDON, Feb 3 (Reuters) - Self-proclaimed bitcoin creator Craig Wright's lawsuit against bitcoin network developers to try to recover billions of dollars can continue to trial, a London court said on Friday. The ruling paves the way for a trial on whether developers owe duties to the owners of digital assets – which a lawyer representing some developers said could pose a fundamental challenge to decentralised fi

EU agrees Russian oil product price caps - EU presidency

EU agrees Russian oil product price caps - EU presidency BRUSSELS, Feb 3 (Reuters) - EU countries have agreed on a European Commission proposal to set price caps on Russian oil products, the Swedish presidency of the European Union said on Friday. EU diplomats said the price caps agreed by ambassadors for the 27 EU countries are $100 per barrel on premium oil products such as diesel and a $45 cap per barrel on discounted products such as fuel oil.

EU antitrust regulators pause Broadcom, VMware probe, await data

EU antitrust regulators pause Broadcom, VMware probe, await data By Foo Yun Chee BRUSSELS, Feb 3 (Reuters) - EU antitrust regulators have paused their investigation into Broadcom's AVGO.O $61 billion bid for cloud computing company VMware VMW.N while waiting for the U.S. chipmaker to provide requested data, the European Commission said on Friday. The European Union competition watchdog said it stopped the clock on its investigation on Jan.
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Europe’s gas supply stabilises after colder weather: Kemp

COLUMN-Europe’s gas supply stabilises after colder weather: Kemp By John Kemp LONDON, Feb 3 (Reuters) - Colder-than-normal temperatures across Northwest Europe since the middle of January have steadied gas prices and halted the bloat in storage, but the region is still on track for a near-record carryout at the end of winter. Combined gas inventories in the European Union and the United Kingdom were equivalent to 807 terawatt-hours (TWh) on Feb.

U.S. NYMEX natgas average daily futures volume down, options up in Jan

U.S. NYMEX natgas average daily futures volume down, options up in Jan Feb 3 (Reuters) - Average daily volume (ADV) in U.S. natural gas futures fell in January from a year earlier on the New York Mercantile Exchange (NYMEX), while options volume rose, according to data from CME Group Inc CME.O , which owns the NYMEX. For the month, futures ADV was 390,856 contracts, down 3.6% from a year ago.
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Intesa CEO says his bank can play no role in MPS privatisation

BRIEF-Intesa CEO says his bank can play no role in MPS privatisation Feb 3 (Reuters) - Intesa Sanpaolo ISP.MI CEO Carlo Messina says in a press conference: INTESA SANPAOLO CEO: SAYS ANY PROJECT THAT STRENGTHENS THE NUMBER OF BANKING PLAYERS IN ITALY IS POSITIVE WHEN ASKED ABOUT MONTE DEI PASCHI INTESA SANPAOLO CEO: BANK'S MARKET SHARE IN ITALY IS S
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Lula's latest attack on Brazil's central bank weighs on markets

Lula's latest attack on Brazil's central bank weighs on markets By Marcela Ayres BRASILIA, Feb 3 (Reuters) - A new wave of criticism from Brazilian President Luiz Inacio Lula da Silva against the central bank weighed on financial markets on Friday, which were also reeling from surprisingly strong U.S. employment data. Lula resumed an offensive agains the central bank in a Thursday TV interview in which he suggested a review of the institution's formal autonomy by the time bank chief Roberto Camp

Images of emaciated Iranian prisoner prompt outrage

UPDATE 1-Images of emaciated Iranian prisoner prompt outrage Adds director Panahi released on bail Feb 3 (Reuters) - Social media images purported to be of an emaciated jailed Iranian physician who went on hunger strike in support of demonstrations against the compulsory wearing of the hijab have caused outrage and warnings that he risks death. Farhad Meysami, 53, who has been in jail since 2018 for supporting women activists protesting against the headscarf policy, began his hunger strike on Oc

Europe Distillates-Diesel cracks drop on easing supply concerns

Europe Distillates-Diesel cracks drop on easing supply concerns LONDON, Feb 3 (Reuters) - Northwest European diesel barge profit margins dropped below $30 a barrel for the first time since August 2022 on Friday amid easing concerns over regional supply shortages ahead of an EU Feb. 5 ban on Russian fuel imports. The European Union's ban on imports of Russian refined oil products, including diesel and jet fuel, will disrupt global flows once it takes effect on Sunday and could hurt Moscow more th

U.S. arms aid package includes HAWK air defense units, new rockets- Pentagon

U.S. arms aid package includes HAWK air defense units, new rockets- Pentagon WASHINGTON, Feb 3 (Reuters) - The United States said on Friday it would send $2.175 billion worth of military aid for Ukraine including precision-guided rockets and HAWK air defense firing units, as well as other munitions and weapons. Reporting by Mike Stone in Washington
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Twitter to share ad revenue with some content creators

Twitter to share ad revenue with some content creators Feb 3 (Reuters) - Twitter will start sharing revenue from advertisements with some of its content creators, Chief Executive Elon Musk said on Friday. Effective Friday, revenue from ads that appear on a creator's reply threads, will be shared. The user must be a subscriber of Blue Verified, Musk said .

U.S. earnings week ahead

DIARY-U.S. earnings week ahead Feb 3 (Reuters) - Diary of U.S. (.SPX) corporate earnings for the week ahead. ** Please Note - All times given are in U.S. EDT unless otherwise stated ** U.S. EARNINGS Start Date Start Time RIC Company Name Event Name 06-Feb-2023 AMC CINF.O Cincinnati Financial Corp Q4 2022 Cincinnati Financial Corp Earnings Release 06-Feb-2023 AMC UDR UDR Inc Q4 2022 UDR Inc Earnings Release 06-Feb-2023 AMC SPG Simon Property Group Inc Q4 2022 Simon Property Group Inc Earnings Rel
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Nigeria asks social media giants to curb fake news ahead of election

Nigeria asks social media giants to curb fake news ahead of election By Felix Onuah ABUJA, Feb 3 (Reuters) - Nigeria has asked Google GOOGL.O and Meta META.O to control the spread of fake news on their platforms ahead of a presidential election this month, Information Minister Lai Mohammed said on Friday. Nigerians go to the polls on Feb. 25 to elect a new president, with three frontrunners promising to deal with the rising cost of living, insecurity and a slow-growing economy.
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