News
Important Only
Europe Gasoline/Naphtha-Gasoline profit margins steady
LONDON, June 9 (Reuters) - Northwest European gasoline profit margins held steady at around $14.5 a barrel on Monday.2,000 metric tons of Eurobob E5 barges traded in the Argus window, with Shell selling to Trafigura.A further 12,000 tons of Eurobob E10 barges traded, with Gunvor, Trafigura and Shell...Reuters
Mon, Jun 9
METALS-Copper buoyed by US-China trade talk optimism, falling stocks
By Pratima Desai LONDON, June 9 (Reuters) - Copper prices rose on Monday as optimism about U.S.-China trade talks and falling inventories offset weak export data from top consumer China, which also imported less copper in May.Benchmark copper CMCU3 on the London Metal Exchange (LME) was up 1% at ...Reuters
Mon, Jun 9
US Cash Grains-Corn bids mostly flat to higher
CHICAGO, June 9 (Reuters) - Spot soybean and corn basis bids were mostly steady to higher at U.S. Midwest river terminals, grain elevators and ethanol plants on Monday, according to a spot check of locations. The corn basis improved at a grain elevator in Cincinnati, Ohio, river terminals in Seneca,...Reuters
Mon, Jun 9
Power Up: OPEC's May output underwhelms
June 9 - By Liz HamptonU.S. energy markets editor Hello Power Up readers! Oil prices are steady to kick off the week ahead of U.S.-China trade talks in London on Monday. Any trade deal between the two countries could support the global economic outlook, boosting demand for commodities like ...Reuters
Mon, Jun 9
PRECIOUS-Gold edges higher with spotlight on US-China trade talk
US and Chinese officials meet in London for pivotal trade talksUS CPI data due on FridayPlatinum hits four-year highBy Sarah Qureshi June 9 (Reuters) - Gold prices edged higher on Monday, supported by a weaker U.S. dollar, as market participants kept a close eye on the ongoing U.S.-China trade ta...Reuters
Mon, Jun 9
Canada's Allied Gold says it could look at options for power supply deal at Sadiola mine
By Divya RajagopalTORONTO, June 9 (Reuters) - Canadian miner Allied Gold told Reuters on Monday that it could look at alternative options for a power supply deal at its Sadiola mine in Mali.The gold miner had signed an agreement with UAE-based Ambrosia Investment for a 50% stake in its Mali mine to ...Reuters
Mon, Jun 9
OPSB approves construction of 200 MW natural gas-fired power plant in Ohio
June 9 (Reuters) - The Socrates South Power Generation Project, a 200 megawatt (MW) natural gas-fired electric generation facility in the city of New Albany and Licking County, Ohio, has been approved for construction, the Ohio Power Siting Board (OPSB) said Monday. The behind-the-meter project w...Reuters
Mon, Jun 9
US natgas prices drop 5% to 1-week low on rising output, lower gas flows to LNG export plants
Speculators boost net longs last week to highest since AprilSpot gas prices drop to six-month lowStorage injections seen at 100+ bcf for record tying 7th week in a rowBy Scott DiSavino June 9 (Reuters) - U.S. natural gas futures fell about 5% to a one-week low on Monday on an increase in output i...Reuters
Mon, Jun 9
Exclusive: Willis Re adds Summers-led Guy Carp team for marine and energy build-out
By Michael JonesJune 9 - (The Insurer) - Guy Carpenter's deputy CEO of global specialties and global head of marine and energy Jim Summers has resigned alongside at least five senior members of his team to join Willis Re, two senior marine reinsurance market sources told The Insurer.Summers has ...Reuters
Mon, Jun 9
CBOT Trends-Wheat down 7-11 cents, corn down 3-6 cents, soy mixed
CHICAGO, June 9 (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. CDT (1330 GMT) on Monday: WHEAT - Down 7 to 11 cents per bushelCBOT wheat sagged as predictions for the Russian wheat crop increased. Rus...Reuters
Mon, Jun 9
INSIGHT-India's $80 bln coal-power boom is running short of water
India plans roughly $80 bln in new coal-power projects by 2031Many shortlisted projects located in water-stressed areasThermal plant operators like areas with easy land availability, with water access an afterthoughtExpansion likely to fuel further conflict between residents and industryBy Krishna N...Reuters
Mon, Jun 9
US seeking 'handshake' on rare earths from China, White House aide says
WASHINGTON, June 9 (Reuters) - The three top U.S. trade negotiators are seeking a handshake with China in London talks to seal the agreement on rare earths reached by Presidents Donald Trump and Xi Jinping, White House economic adviser Kevin Hassett said on Monday."The purpose of the meeting tod...Reuters
Mon, Jun 9
RPT-COLUMN-US aluminium tariffs threaten scrap clash with European Union: Andy Home
By Andy Home LONDON, June 9 (Reuters) - U.S. President Donald Trump's move to double tariffs on aluminium imports heightens the risk of a full-blown scrap war with the European Union.Although they are supposed to be blanket tariffs with no exceptions or exemptions, there is one significant ga...Reuters
Mon, Jun 9
Iran obtaining IAEA documents is 'bad', shows poor cooperation, Grossi says
IAEA report said Iran 'actively collected' documentsIran said the accusation is slanderous, unsubstantiatedGrossi says material includes assessments on equipmentBy Francois Murphy VIENNA, June 9 (Reuters) - Iran's acquisition of confidential U.N. nuclear watchdog documents is a 'b...Reuters
Mon, Jun 9
US seeking handshake on rare earths from China, White House aide says
WASHINGTON, June 9 (Reuters) - The three top U.S. trade negotiators are seeking a handshake in London to seal the agreement on rare earths agreed to by Presidents Donald Trump and Xi Jinping, White House economic adviser Kevin Hassett said on Monday."The purpose of the meeting today is to make s...Reuters
Mon, Jun 9
ASR launches automated underwriting portal
By Michael JonesJune 9 - (The Insurer) - Africa Specialty Risks has launched an automated underwriting portal named ASR 24-7, the company said on Monday.Available to authorised brokers, the portal offers instant policy quotes, full binding capabilities and policy management resources, ASR said.The f...Reuters
Mon, Jun 9
PRECIOUS-Gold gains on weaker dollar as US-China talks in focus
US and China set for trade talks in London US dollar down 0.2% against a basket of peersPlatinum hits four-year highBy Anushree Mukherjee June 9 (Reuters) - Gold prices rose on Monday, supported by a weaker U.S. dollar ahead of U.S.-China trade talks aimed at resolving tensions, while platinum ex...Reuters
Mon, Jun 9
RPT-COLUMN-Funds' bearish sentiment on US grains and oilseeds hits nine-month high: Braun
By Karen Braun NAPERVILLE, Illinois, June 8 (Reuters) - Speculators dug deeper into bear territory last week across U.S. grain and oilseed futures, and with this time of year known to feature plenty of uncertainties, investors must keep their eyes glued on upcoming weather forecasts for the U.S. ...Reuters
Mon, Jun 9
RPT-COLUMN-The path to cheap power will be very expensive: Bousso
EU share of renewables in power generation rose to 47% in 2024EU requires $1.4 trillion in grid investment by 2040, report saysRatio of investments in renewables and grids has dropped in recent years, IEA saysBy Ron Bousso LONDON, June 9 - Europe's ambition to develop cheap, clean energy has ...Reuters
Mon, Jun 9
