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Russia says Putin urged Israel to use diplomacy, not bombs, with Iran
Putin denounces Israeli action, tells Netanyahu diplomacy needed Russia has a strategic partnership pact with IranHas helped Iran with its civil nuclear energy programmeHas offered help with U.S.-Iran nuclear talks Urges restraint from both sides By Andrew Osborn and Alexander Marrow June 13 (R...Reuters
8 minutes ago
US EPA proposes higher biofuel blending volumes through 2027
Proposal signals support for biofuels industry from TrumpIt raises total blending volumes by around 2 billion gallonsProposal includes a boost to biomass-based diesel mandates By Stephanie Kelly NEW YORK, June 12 - President Donald Trump's administration on Friday proposed to increase the amo...Reuters
9 minutes ago
UK PM Starmer, Trump discuss military action in the escalating Iran-Israel conflict
June 13 (Reuters) - British Prime Minister Keir Starmer spoke to U.S. President Donald Trump on Friday to discuss the military action in the Iran-Israel conflict overnight and agreed on the importance of diplomacy and dialogue, Starmer's spokeswoman said.Starmer reiterated UK's grave concern...Reuters
36 minutes ago
Bunge's $34 billion Viterra merger clears final China hurdle
Bunge to close $34 billion Viterra merger around July 2China's approval was final regulatory hurdle for Bunge-Viterra dealDeal creates agribusiness giant, rivals ADM and CargillBunge shares jump 5.7% By Karl Plume CHICAGO, June 13 (Reuters) - Global agribusiness Bunge Global SA BG.N said Frid...Reuters
57 minutes ago
IAEA says aware of reported attacks on Iran's nuclear sites
June 13 (Reuters) - The International Atomic Energy Agency (IAEA) is aware of reports concerning the Isfahan and Fordow nuclear facilities and is seeking information from Iranian authorities regarding any potential impact, the agency said in an X post on Friday.Reuters
an hour ago
Oil up 6%, paring sharp gains as Israel strikes avoid Iran oil sites
Oil gains of up to 14% were largest intraday move since 2022Iran's nuclear facility in Natanz damaged in Israeli attackNo impact to oil flows in the region so far -analystsIsraeli attacks kill key Iranian military commandersTrump urges Iran to make a deal over its nuclear programmeBy Erwin Seba ...Reuters
2 hours ago
Gold surges past $3,400 on Israel-Iran war risk, soft US inflation boosts safe-haven demand
Gold price rallied for the third consecutive day after the Israel-Iran conflict erupted on Friday, triggering a risk-off mood in financial markets as fears that it could escalate loom. At the time of writing, XAU/USD trades at $3,422, up more than 1%.
Fxstreet
2 hours ago
US drillers cut oil/gas rigs for 7th week to lowest since 2021, Baker Hughes says
By Scott DiSavino June 13 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an...Reuters
2 hours ago
US Cash Grains-Soybean bids mostly steady to lower at processors and river terminals
CHICAGO, June 13 (Reuters) - Spot soybean basis bids were mostly flat to lower at U.S. Midwest processors and river terminals in a spot check on Friday, after Archer-Daniels-Midland ADM.N, a major U.S. soybean crusher and biofuel producer, cut bids to buy the oilseed this week ahead of an expected T...Reuters
2 hours ago
Med crude-Differentials steady after Israel strikes Iran
LONDON, June 13 (Reuters) - Mediterranean crude oil differentials were stable on Friday as investors gauged the impact of Israeli strikes on Iran.* Differentials for Mediterranean crude oil grades, including Caspian CPC Blend and Azeri BTC Blend, have firmed in recent sessions, two traders said, tho...Reuters
2 hours ago
Bunge says receives China regulatory approval for Viterra deal
CHICAGO, June 13 (Reuters) - Global agribusiness Bunge Global SA BG.N has received regulatory approval from China for its acquisition of grain handler Viterra and expects to close the deal "on or around July 2," the company said in a statement on Friday.Reuters
3 hours ago
US drillers cut oil/gas rigs for 7th week to lowest since 2021, Baker Hughes says
By Scott DiSavino June 13 (Reuters) - U.S. energy firms this week cut the number of oil and natural gas rigs operating for a seventh week in a row to the lowest since November 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an...Reuters
3 hours ago
EU wheat rebounds as Israel-Iran escalation fuels short-covering
PARIS, June 13 (Reuters) - Euronext wheat climbed on Friday as news of Israeli strikes on Iran encouraged investors to cover short positions after prices hit contract lows this week amid growing supply pressure.September wheat BL2U5 on Euronext settled 2.0% up at 202.75 euros a metric ton. It earlie...Reuters
3 hours ago
ISF supports expansion of agriculture insurance in Ethiopia
By Henry GaleJune 13 - (The Insurer) - The InsuResilience Solutions Fund (ISF) said it would support the expansion of an insurance scheme in Ethiopia to cover two million farmers.The initiative, led by agricultural insurtech Pula in partnership with Ethiopia's Ministry of Agriculture and the Eth...Reuters
3 hours ago
Fast-fashion retailer Shein's transport emissions jump in 2024
Shein transport emissions up 13.7% in 20242023 emissions updated to 18% more than previously reportedShein's 2024 transport emissions more than triple Inditex'sShein plans to produce, package, and ship closer to customersBy Helen Reid LONDON, June 13 (Reuters) - Shein's carbon emissio...Reuters
3 hours ago
Europe Gasoline/Naphtha-Gasoline profit margins slide on higher crude prices
LONDON, June 13 (Reuters) - Northwest European gasoline profit margins fell by about 77 cents to $13.94 a barrel on Friday as sharp gains in crude prices in the of an Israeli attack on Iran weighed. A total of 4,000 metric tons of Eurobob E5 barges traded, with Gunvor selling to BP and Trafigura.A f...Reuters
3 hours ago
UN nuclear watchdog's board to meet over Israel's Iran strikes, diplomats say
VIENNA, June 13 (Reuters) - An exceptional meeting of the U.N. nuclear watchdog's Board of Governors will be held on Monday to discuss Israel's strikes on Iran after at least one country on the board requested one at Friday's regular, quarterly session of the body, diplomats said.Any cou...Reuters
3 hours ago
GRAINS-Soybeans climb, soyoil soars daily limit on US biofuel proposal
By Julie Ingwersen CHICAGO, June 13 (Reuters) - U.S. soyoil futures surged their daily limit on Friday and soybeans hit a three-week high after the Trump administration proposed biofuel blending requirements that were above trade expectations, analysts said. Chicago Board of Trade corn futures...Reuters
3 hours ago
METALS-Copper, other metals drop as investors shed risk after Israel strikes Iran
By Eric Onstad LONDON, June 13 (Reuters) - Prices of copper and other industrial metals fell on Friday, weighed down by a stronger dollar as investors sold risky assets after Israel attacked Iran.Benchmark three-month copper CMCU3 on the London Metal Exchange shed 0.5% to $9,653 a metric ton by 1...Reuters
3 hours ago
EU wheat rebounds as Israel-Iran escalation fuels short-covering
PARIS, June 13 (Reuters) - Euronext wheat climbed on Friday as news of Israeli strikes on Iran encouraged investors to cover short positions after prices hit contract lows this week amid growing supply pressure.September wheat BL2U5 on Euronext was up 1.8% at 202.25 euros a metric ton by 1541 GMT, m...Reuters
4 hours ago
US natgas prices climb 2% on soaring oil futures after Israel strikes Iran
US August gas futures premium over July hits record highUS gas storage injections could top 100 bcf for record 8th straight weekSabine LNG plant seen back at full service in late JuneBy Scott DiSavino June 13 (Reuters) - U.S. natural gas futures climbed about 2% on Friday as gas followed oil pric...Reuters
4 hours ago
China allows import of eligible pork, poultry products from 106 US plants
BEIJING, June 13 (Reuters) - China has approved 106 new U.S. pork and poultry plants to export eligible products produced on or after June 12, Chinese Customs said in a notice on its website.The approval was issued on Thursday, the notice showed. It comes after China and U.S. agreed on a framework t...Reuters
4 hours ago
China customs allows import of eligible pork, poultry products from some US plants
BEIJING, June 13 (Reuters) - China has approved some new U.S. pork and poultry plants to export eligible products produced on or after June 12, Chinese Customs said in a notice on its website.The approval was issued on Thursday, the notice showed. It comes after China and U.S. agreed on a framework ...Reuters
4 hours ago
IFC to provide $400 million loan for Pakistan's copper-gold Reko Diq mine
Loan adds to $300 million committed earlierTotal IFC support now $700 millionTotal project cost is $6.6 billion; backed by mix of international, domestic lendersProduction expected by 2028By Ariba Shahid ISLAMABAD, June 13 (Reuters) - The International Finance Corporation will provide a $400 mill...Reuters
5 hours ago
