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US ocean imports plunged in May on 145% tariffs on China
LOS ANGELES, June 11 (Reuters) - Imports at several of the busiest U.S. seaports dropped sharply in May, after President Donald Trump's short-lived 145% tariffs on many goods from China stalled trade, according to data from Descartes Datamyne. The world's two biggest economies overnight anno...Reuters
Wed, Jun 11
Trigon Pacific Terminals announces new LPG export facility in Prince Rupert, Canada
June 11 (Reuters) - Trigon Pacific Terminals announced on Wednesday a new $750 million open-access liquefied petroleum gas export facility with a capacity of 2.5 million metric tons per year at Prince Rupert, Canada.The export facility is expected to begin operations by late 2029, subject to securin...Reuters
Wed, Jun 11
US embassy in Iraq preparing for ordered evacuation due to 'heightened security risks', sources say
BAGHDAD, June 11 (Reuters) - The U.S. embassy in Iraq is preparing for an ordered evacuation due to heightened security risks in the region, an Iraqi security official and a U.S. source said on Wednesday.Iran's Minister of Defense Aziz Nasirzadeh said earlier in the day that Tehran will strike U...Reuters
Wed, Jun 11
US Cash Grains-Soybean and corn bids mostly flat as futures firm
CHICAGO, June 11 (Reuters) - Spot soybean and corn basis bids were mostly steady at U.S. Midwest river terminals, grain elevators and processing facilities on Wednesday, with a few exceptions, according to a spot check of locations.The soybean basis lost 5 cents at a processor in Lincoln, Nebraska.T...Reuters
Wed, Jun 11
Europe Gasoline/Naphtha-Gasoline profit margins dip as US stocks rise
LONDON, June 11 (Reuters) - Northwest European gasoline profit margins fell by around 81 cents per barrel to $14.02 a barrel on Wednesday, after U.S. gasoline stocks rose by more than expected last week according to data from the Energy Information Administration (EIA).A total of 16,000 metric tons ...Reuters
Wed, Jun 11
Colorado State continues to forecast four major hurricanes in 2025
HOUSTON, June 11 (Reuters) - Colorado State University meteorologists on Wednesday left unchanged their closely-watched forecast for an above-average 2025 Atlantic hurricane season, which began on June 1, from their release in April. The outlook continues to expect four major hurricanes, with sustai...Reuters
Wed, Jun 11
Alberta Premier says province working on proposal for new crude oil pipeline to Port of Prince Rupert
CALGARY, June 11 (Reuters) - Alberta Premier Danielle Smith said on Wednesday the province is working to present Prime Minister Mark Carney with a proponent and route for a potential new crude pipeline from Alberta to the Port of Prince Rupert in British Columbia.Smith said the pipeline would be bui...Reuters
Wed, Jun 11
First crude from Guyana's fourth platform to be exported in August-September
First cargo will be of 1 million barrelsNew crude grade 'Golden Arrowhead' to be the country's lightestConsortium partners expected to jointly sell the cargoBy Kemol King and Robert HarveyGEORGETOWN/LONDON, June 10 (Reuters) - The first crude cargo from Guyana's fourth oil production...Reuters
Wed, Jun 11
CORRECTED-New Texas wastewater rules could boost costs for oil producers
New wastewater permitting rules to raise costs for Texas producersWater disposal costs to rise 20-30% in Delaware formation - B3 InsightsCostly new infrastructure, permit delays to hit small operators mostBy Georgina McCartney HOUSTON, June 10 (Reuters) - New guidelines on permitting for wastewat...Reuters
Wed, Jun 11
Maritime agency warns shipping industry over rising Middle East tensions
Increased ME tensions may impact shipping, says maritime agencyUS set for talks with Iran over its nuclear programmeUKMTO advises vessels to use caution when passing through GulfBy Jonathan Saul LONDON, June 11 (Reuters) - Increased tensions in the Middle East may lead to an escalation in mil...Reuters
Wed, Jun 11
AB Foods holds off bioethanol plant closure decision until June 25
Says Hull plant will stop buying wheatWill hold off on all other closure decisionsWants UK government to provide supportWarns "time is very limited" to save plantBy James Davey LONDON, June 11 (Reuters) - Associated British Foods ABF.L will hold off deciding the fate of its under threat V...Reuters
Wed, Jun 11
Platinum surges, palladium lags on narrow demand profile
Platinum hits highest level since February 2021Palladium's gains limited by narrow demand base, analysts sayChina's EV sales up 32% year-on-year in AprilBy Anushree Mukherjee and Kavya Balaraman June 11 (Reuters) - Platinum and palladium prices have both rallied this month, notching a mor...Reuters
Wed, Jun 11
METALS-Chinese demand concerns and trade tensions weigh on copper
By Ashitha Shivaprasad June 11 (Reuters) - Copper prices fell on Wednesday as a weakening demand outlook in China dominated sentiment while the country's trade talks with the United States did little to ease concern over their tariff disputes. Three-month copper CMCU3 on the London Metal Ex...Reuters
Wed, Jun 11
Euronext wheat hovers near lows
PARIS/HAMBURG, June 11 (Reuters) - Euronext wheat consolidated near contract lows on Wednesday as a favourable harvest outlook and weak export prospects hung over the market, traders said.Reluctance to sell among both farmers unhappy at current prices and investors, who already have a large short po...Reuters
Wed, Jun 11
US-loaded ethane vessel heads to India after China export curbs
By Arathy Somasekhar HOUSTON, June 11 (Reuters) - An ethane tanker that loaded in the United States headed to India on Wednesday, ship tracking data showed, after Washington required U.S. exporters to seek licenses to ship the shale gas to top buyer China. Around half of all U.S. ethane exports h...Reuters
Wed, Jun 11
WTI Oil prices rally on US-China trade optimism and declining inventories
West Texas Intermediate (WTI) crude oil is rallying on Wednesday, climbing more than 2% intraday as markets react positively to renewed momentum in US–China trade negotiations and a larger-than-expected drop in US crude inventories.
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Wed, Jun 11
MEG Energy's Christina Lake project in Alberta ramping up to full operations after wildfires
June 11 (Reuters) - Oil and gas producer MEG Energy MEG.TO said on Wednesday its Christina Lake regional project in Alberta was ramping up to full operations, following recent regional wildfires south of the facility.The company said it has safely returned all personnel to the Christina Lake site an...Reuters
Wed, Jun 11
Developers to add 18.7 GW of natural gas-fired capacity by 2028, EIA says
June 11 (Reuters) - Developers plan to add 18.7 gigawatts (GW) of combined-cycle capacity to the U.S. power grid by 2028, following minimal additions in the previous year, the Energy Information Administration said on Wednesday. About 4.3 GW is already under construction, according to the EIA. Most...Reuters
Wed, Jun 11
MEG Energy's Christina Lake project in Alberta ramping up to full operations after wildfires
June 11 (Reuters) - Oil and gas producer MEG Energy MEG.TO said on Wednesday its Christina Lake regional project in Alberta was ramping up to full operations, following recent regional wildfires south of the facility.Reuters
Wed, Jun 11
Colorado State continues to forecast 4 major hurricanes in 2025
HOUSTON, June 11 (Reuters) - Colorado State University meteorologists said on Wednesday their forecast for the 2025 Atlantic hurricanes season, which began on June 1, was unchanged from their release in April. The outlook continues to expect four major hurricanes, with sustained winds of 111 miles p...Reuters
Wed, Jun 11
