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Putin, UAE president urge end to Israel-Iran conflict in phone call, Kremlin says
MOSCOW, June 18 (Reuters) - Russian President Vladimir Putin and UAE President Sheikh Mohammed bin Zayed Al Nahyan spoke by phone on Wednesday and both agreed that there needed to be an immediate end to the conflict between Israel and Iran, the Kremlin said.Putin reiterated Russia's readiness to...Reuters
Wed, Jun 18
RPT-COLUMN-Oil tanker market signals more Middle East energy disruption ahead: Bousso
Mideast tanker rates soar by 40% since June 13Rates in other region rise, reflecting Mideast tensionsShip navigation systems in Gulf face heavy interferencesBy Ron Bousso LONDON, June 18 - While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker ...Reuters
Wed, Jun 18
Malaysia to build 50% more gas-fired power capacity to meet data centre demand, official says
Rising electricity demand driven by data centres, official saysCountry has fastest rising data centre demand in region, report showsGas-fired power capacity to rise by around 50% by 2030, state utility CEO saysBy Sudarshan Varadhan and Ashley Tang KUALA LUMPUR, June 18 (Reuters) - Malaysia is exp...Reuters
Wed, Jun 18
Advanced Technology & Materials Says It Acquired Export Licenses For Some Rare Earth Magnets Orders
June 18 (Reuters) - Advanced Technology & Materials Co Ltd 000969.SZ:SAYS IT HAS ACQUIRED EXPORT LICENSES FOR SOME RARE EARTH MAGNETS ORDERSSource textFurther company coverage: 000969.SZReuters
Wed, Jun 18
INSIGHT-Clean energy has fans in Trump's America, complicating budget talks
Trump's bill proposes ending wind and solar incentives by 2028Renewable projects like solar, wind, and batteries face shutdown riskRepublican lawmakers from Utah, Alaska, N. Carolina, Kansas at odds over the rollbacksRed states capture 75% of IRA clean energy investments Utah clean energy invest...Reuters
Wed, Jun 18
INSIGHT-Rural Oklahoma strives to become American hub for critical minerals processing
State offers incentives, infrastructure for minerals industry growthChina dominates critical minerals and has banned some exportsState's challenges include education system, lack of mineral depositsBy Ernest Scheyder LAWTON, Oklahoma, June 18 (Reuters) - Nestled beneath Oklahoma's Wichita...Reuters
Wed, Jun 18
Israeli strikes hit two Iranian centrifuge production sites, IAEA says
VIENNA, June 18 (Reuters) - Israeli military strikes have hit two facilities in Iran that made parts for centrifuges, the machines that enrich uranium, the U.N. nuclear watchdog said on Wednesday, identifying them as the TESA Karaj workshop and the Tehran Research Center."At the Tehran site, one...Reuters
Wed, Jun 18
EUROPE GAS-Prices rise amid concerns over Israel-Iran escalation, supply disruptions
LONDON, June 18 (Reuters) - Dutch and British wholesale gas prices rose on Wednesday morning as market players braced for the potential escalation of Israel-Iran conflict and amid concerns over supply disruptions after Qatar asked LNG vessels to wait outside the Strait of Hormuz until they are ready...Reuters
Wed, Jun 18
Russia's Novak says Middle East conflict is not causing a shortage of oil
ST PETERSBURG, June 18 (Reuters) - Russian Deputy Prime Minister Alexander Novak said on Wednesday that the global oil market is balanced and there is no shortage of oil due to the conflict in the Middle East.Asked if oil prices could hit $100 a barrel due to the air war between Israel and Iran, Nov...Reuters
Wed, Jun 18
Ride-hailer Careem to suspend decade-old Pakistan service
By Ariba ShahidISLAMABAD, June 18 (Reuters) - Careem, Uber's ride-hailing arm in the Middle East, will suspend its Pakistan service on July 18, citing economic challenges, rising competition, and capital constraints, ending its core business in a country where it helped pioneer app-based transpo...Reuters
Wed, Jun 18
Former Iranian minister calls for Iranian control over Strait of Hormuz
Former minister wants Iranian control over Strait transitNo official confirmation Tehran is moving to control strait Strait of Hormuz channels 20% of daily global oil consumption DUBAI, June 18 (Reuters) - Former Iranian Economy Minister Ehsan Khandouzi has said that tankers and LNG cargoes s...Reuters
Wed, Jun 18
How to Price the Risk of the Potential Strait of Hormuz Closure? Oil Rises 10%, Tanker Rates Surge 40%!
TradingKey - While crude oil prices have risen around 10% since Israel's airstrikes on Iran last Friday, market concerns over the risk of a Strait of Hormuz closure are even greater — and tanker markets are pricing in far more extreme scenarios than oil futures.TradingKey
Wed, Jun 18
Former Iranian economy minister calls for Iranian control over Strait of Hormuz
DUBAI, June 18 (Reuters) - Former Iranian Economy Minister Ehsan Khandouzi has said that tankers and LNG cargoes should only transit the Strait of Hormuz with Iranian permission and this policy should be carried out "tomorrow for a hundred days". It was not immediately clear whether Khandouz...Reuters
Wed, Jun 18
TABLE-UAE's Fujairah oil inventory data for week ended June 16
June 18 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended June 16, according to industry information service S&P Global Commodity Insights.Volumes are in thousands of barrels. Figures in brackets represent the volume change from...Reuters
Wed, Jun 18
Boeing 787’s emergency-power system likely active before Air India crash, WSJ reports
June 18 (Reuters) - Investigators believe the Air India Boeing BA.N Dreamliner had its emergency-power generator operating when it crashed last week in India's Ahmedabad, the Wall Street Journal reported on Wednesday citing people familiar with the probe.Boeing said it will defer to India...Reuters
Wed, Jun 18
METALS-London copper rises on softer dollar, but Middle East tensions cap gains
By Michele Pek SINGAPORE, June 18 (Reuters) - London copper edged higher on Wednesday, supported by a softer dollar, although heightened tensions in the Middle East dampened global risk appetite and kept a lid on metal prices.Three-month copper on the London Metal Exchange CMCU3 was up 0.46% at $...Reuters
Wed, Jun 18
Energy majors lock onto Southeast Asia in race for more gas for AI power demand
Population growth and the rapid expansion of data centres are driving up electricity needsData centres alone are expected to more than double their power demand globally by 2030By Ashley Tang, Sudarshan Varadhan and Florence Tan KUALA LUMPUR, June 18 (Reuters) - Energy majors are pouring money in...Reuters
Wed, Jun 18
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