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UK to invest 9.4 billion pounds in carbon capture and storage
LONDON, June 11 (Reuters) - Britain will invest 9.4 billion pounds ($12.73 billion) in technology to capture and store carbon dioxide emissions, government documents published on Wednesday showed, as finance minister Rachel Reeves set out near-term spending plans.Projects being supported include the...
Reuters
Wed, Jun 11
UK to invest billions in Scotland, Wales and Northern Ireland, Reeves says
LONDON, June 11 (Reuters) - British finance minister Rachel Reeves announced on Wednesday, in her first multi-year spending review, 52 billion pounds ($70.15 billion) of investment for Scotland, 23 billion for Wales and 20 billion for Northern Ireland. "This government takes seriously its commi...
Reuters
Wed, Jun 11
CPC pipeline daily oil supplies in May down 6% from April
MOSCOW, June 11 (Reuters) - The Caspian Pipeline Consortium (CPC) reduced daily oil pumping in May by 6% from April to 5.906 million metric tons (1.51 million barrels per day), according to an industry source and Reuters calculations. CPC, which carries more than 80% of all Kazakh oil exports, co...
Reuters
Wed, Jun 11
Oklo moves closer to nuclear power agreement with US Air Force
WASHINGTON, June 11 (Reuters) - Oklo OKLO.N, a U.S. company hoping to build micro nuclear power plants, said on Wednesday the energy logistics agency of the Defense Department has issued a notice of intent to award a power purchase agreement for a pilot reactor. WHY IT'S IMPORTANTNuclear power...
Reuters
Wed, Jun 11
EXCLUSIVE-Frustrated by Mexico's Pemex, Hokchi Energy pushed to change who buys its oil, sources say
Pemex is often months behind on payments for oil and gasState company's commercial arm PMI is seen as more reliableHokchi Energy is owed some $380 mln by Pemex, source saysBy Ana Isabel Martinez, Adriana Barrera and Stefanie Eschenbacher MEXICO CITY, June 11 (Reuters) - Mexico's Hokch...
Reuters
Wed, Jun 11
Gold edges higher ahead of US CPI inflation
Gold (XAU/USD) is trading higher during the European session on Wednesday as investors adopt a cautious stance ahead of key US inflation data. The precious metal gains modest ground, hovering above $3,330 at the time of writing.
Gold
Fxstreet
Wed, Jun 11
Russia says it's ready to remove highly enriched uranium from Iran
Russia says efforts for a deal should be redoubledMoscow says ready to accept nuclear materials By Guy Faulconbridge and Parisa Hafezi MOSCOW, June 11 (Reuters) - Russia said on Wednesday it stood ready to remove highly enriched uranium from Iran and convert it into civilian reactor fuel as a pot...
Reuters
Wed, Jun 11
REFILE-Peru turns to China as US tariffs squeeze blueberry exports
Peru the No. 1 blueberry exporter globally, top supplier to USALocal growers are looking to diversify markets amid trade warPeru, USA have a free trade agreement dating back to 2009By Marco Aquino PISCO, Peru, June 11 (Reuters) - In Peru's Pisco Desert, rows of blueberry bushes towering as mu...
Reuters
Wed, Jun 11
GRAINS-Soy near 2-week high on US-China trade hopes, corn and wheat recover
US, China agree on framework to put trade truce back on trackCorn moves away from 6-month low, wheat snaps 2-day fallFavourable US and global crop prospects hang over grain marketBy Gus Trompiz and Naveen Thukral PARIS/SINGAPORE, June 11 (Reuters) - Chicago soybean prices ticked up on Wednesday t...
Reuters
Wed, Jun 11
Magnitude 6.4 earthquake hits off Taiwan's east coast, agency says
TAIPEI, June 11 (Reuters) - A 6.4 magnitude earthquake struck off Taiwan's east coast on Wednesday, the island's Central Weather Administration said.The quake had a depth of 30.9 km, it added. There were no immediate reports of damage.
Reuters
Wed, Jun 11
Kremlin says EU-proposed lower Russian oil price cap is not helpful for global markets
EU has proposed new package of sanctions against RussiaEU buys 6% of Russian oil - think tankRussian oil price has stabilised below cap of $60/bbl MOSCOW, June 11 (Reuters) - A lower price cap for Russian oil proposed by the European Commission to punish Moscow for its war in Ukraine will not con...
Reuters
Wed, Jun 11
Gold Price Forecast: XAU/USD resistance at $3,345 is holding bulls for now
Gold (XAU/USD) is trading higher on Wednesday following some hesitation on Tuesday.
Gold
Fxstreet
Wed, Jun 11
States would struggle to administer food stamp benefits under Republican tax bill
Republican bill would shift some food stamp costs away from federal government States and local governments would be left to shoulder $22 billion in costs, according to a Reuters analysisMore than 41 million people receive SNAP benefits By Leah Douglas WASHINGTON, June 11 (Reuters) - U.S. states ...
Reuters
Wed, Jun 11
Kremlin says EU-proposed lower Russian oil price cap not helpful for global energy
MOSCOW, June 11 (Reuters) - A lower price cap for Russian oil proposed by the European Commission does not contribute to the stabilization of global energy markets, Kremlin spokesperson Dmitry Peskov said on Wednesday.In its new package of sanctions against Russia over Ukraine, the Commission on Tue...
Reuters
Wed, Jun 11
Silver price today: Silver falls, according to FXStreet data
Silver prices (XAG/USD) fell on Wednesday, according to FXStreet data.
Silver
Fxstreet
Wed, Jun 11
EUROPE GAS-Prices firm on higher demand from hot weather, French nuclear concerns
June 11 (Reuters) - Dutch and British wholesale gas prices firmed on Wednesday morning, supported by rising power prices amid French nuclear concerns, warmer weather increasing demand for cooling and Europe's need to refill gas storage sites.The benchmark Dutch front-month contract at the TTF hu...
Reuters
Wed, Jun 11
METALS-London copper eases, market awaits US-China trade talk details
By Hongmei Li SINGAPORE, June 11 (Reuters) - London copper prices eased on Wednesday, with investors awaiting more details after the latest signs of progress in U.S.-China trade talks.U.S. and Chinese officials agreed on a framework to put their trade truce back on track and resolve China's e...
Reuters
Wed, Jun 11
US Oil production set to decline – ING
The Energy Information Administration (EIA) revised its US crude Oil production estimates downward for 2026. In its latest Short-Term Energy Outlook, released yesterday, the EIA said output would decline by 50k b/d year on year in 2026 to 13.37m b/d.
Fxstreet
Wed, Jun 11
TABLE-UAE's Fujairah oil inventory data for week ended June 9
June 11 (Reuters) - The Fujairah Oil Industry Zone published the following inventory data for oil products for the week ended June 9, 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 11
Pan African Resources Expects FY25 Production At 197,000oz, Up 6% From FY24
June 11 (Reuters) - Pan African Resources PLC PAFR.L:PAN AFRICAN RESOURCES PLC: OPERATIONAL UPDATE, RECORD HALF-YEAR GOLD PRODUCTION, SUBSTANTIAL DECREASE IN GROUP GEARING AND SHARE BUYBACK PROGRAMMEPAN AFRICAN RESOURCES PLC: SUFFERED A FATAL ACCIDENT ON 6 JUNE 2025 AT BARBERTON'S SHEBA MINEPAN ...
Reuters
Wed, Jun 11
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