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US drilling activity slows – ING
The oil market strengthened over the last week thanks to a variety of global events, with the ICE Brent Aug-25 contract settling almost 5.9% higher. Canadian wildfires provided support, while the market is digesting announced supply hikes for July from OPEC+.Fxstreet
Mon, Jun 9
UN urges ratification of treaty to protect the planet's fragile oceans
Guterres warns of threats to ocean ecosystems from human activityHigh Seas Treaty needs 60 ratifications to take effectUS not ratifying treaty, France's Macron expects 60 ratifications by year-endBy Manuel Ausloos, Clotaire AchiNICE, France, June 9 (Reuters) - U.N. Secretary-General Antonio Gute...Reuters
Mon, Jun 9
Thailand's B. Grimm Power and Singapore's Digital Edge to invest $1 billion in Thai data centre
BANGKOK, June 9 (Reuters) - Thai B. Grimm Power Pcl B.GRIMM.BK and Singaporean digital infrastructure firm Digital Edge will invest $1 billion in a 100-megawatt data centre in Thailand, the companies said in a statement on Monday.Southeast Asia's second-largest economy and its neighbours have be...Reuters
Mon, Jun 9
INSIGHT-Tariffs on canola seen supercharging Canadian farmers' shift to spring wheat
Canadian wheat supports global bread flour demandCanadian wheat acreage rises as US wheat acreage declinesUS farmers favor corn and soybeans over wheat for higher profitsBy Ed White WINNIPEG, Canada, June 9 (Reuters) - In the U.S. Great Plains, where spring wheat once dominated fields, farmers ar...Reuters
Mon, Jun 9
EXCLUSIVE-Chevron CEO warned staff of rising safety issues before fatal Angola platform fire
CEO warns of 'a concerning increase in serious near-misses' in internal videoTells staff to double down on safety regardless of challengesChevron laying off up to 20% of workforce Investigation into Angola fire underwayBy Sheila Dang HOUSTON, June 9 (Reuters) - Chevron CVX.N CEO Mike Wirt...Reuters
Mon, Jun 9
ANALYSIS-Aluminium producers in the US win from Trump's tariffs
US aluminium premiums have surged since Trump's re-electionScrap aluminium imports remain free of tariffsConstellium concerned higher prices could dent demandBy Pratima Desai LONDON, June 9 (Reuters) - Century Aluminum, the largest primary aluminium producer in the U.S., and top recycler Mata...Reuters
Mon, Jun 9
RPT-USDA redaction of trade analysis causes concern about report integrity
USDA delays quarterly ag trade report, cites internal review processDelayed report published without its usual explanatory text Text of report had linked Trump's tariffs to rising agricultural trade deficitAnalysts worry that staff cutbacks may affect future reportsBy Julie Ingwersen, Leah Dougl...Reuters
Mon, Jun 9
EUROPE GAS-Prices little changed amid Norway maintenance, higher wind forecast
London, June 9 (Reuters) - Dutch and British wholesale gas prices were little changed on Monday morning, with the gas balance tight due to ongoing maintenance in Norway, but higher wind output being forecast. The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 inched down by 0.12 ...Reuters
Mon, Jun 9
METALS-London copper inches up ahead of US-China trade talks
By Hongmei Li June 9 (Reuters) - London copper prices firmed on Monday, driven by optimism ahead of U.S.-China trade talks to be held later in the day.Shares jumped and the dollar pared recent gains as Asian markets reacted to better-than-expected U.S. jobs data ahead of the talks, aimed at mendi...Reuters
Mon, Jun 9
Silver Price Forecast: XAG/USD marks fresh 13-year highs near $36.50
Silver price (XAG/USD) extends its winning streak for the third successive session, and has marked a fresh 13-year high of $36.42 per troy ounce on Monday. The price of the grey metal rises due to rising safe-haven demand amid fears surrounding the global economic and trade uncertainties.Fxstreet
Mon, Jun 9
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
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
Auto companies 'in full panic' over rare-earths bottleneck
Global automakers worry China's rare-earths curb is next global supply crisisAuto industry efforts to find alternative magnet supplies have flounderedBottleneck has auto companies stockpiling, considering workaroundsBy Christina Amann, Nick Carey and Kalea Hall BERLIN/LONDON/DETROIT, June 9 (...Reuters
Mon, Jun 9
TECHNICALS-CBOT soybeans may rise to $10.63-1/4
For more technical analyses, please click SINGAPORE, June 9 (Reuters) - The CBOT soybean July contract SN25 may break resistance of $10.60-3/4 per bushel, and rise to $10.63-1/4.The resistance is identified as the 100% projection level of a wave c from $10.40. It is strengthened by the similar one e...Reuters
Mon, Jun 9
China May soybean imports hit record high of 13.92 million metric tons
BEIJING, June 9 (Reuters) - China soybean imports hit a record high of 13.92 million metric tons in May, customs data showed on Monday, more than double the volume imported in April, as customs clearance speeds returned to normal and the operating rate of crushing plants recovered.Imports had plunge...Reuters
Mon, Jun 9
