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Barclays Turns Less Cautious On Oil As Fundamentals Better Than Expected, Trade Tensions De-escalation Bolster Demand Outlook
June 3 (Reuters) - Barclays:SAYS THEY TURN LESS CAUTIOUS ON OIL AS SPOT FUNDAMENTALS ARE HOLDING UP BETTER THAN EXPECTED, AND DE-ESCALATION IN TRADE TENSIONS BOLSTER OUTLOOK FOR RESILIENT DEMANDSAYS THEY TURN LESS CAUTIOUS ON OIL ALSO AS SUPPLY HAS BEEN LARGELY IN LINE WITH EXPECTATIONSReuters
Tue, Jun 3
US steel, aluminum imports from UK to remain at 25%
WASHINGTON, June 3 (Reuters) - Tariffs on United States' imports of steel and aluminum from the United Kingdom will remain at 25% when imports from other sources will increase to 50% on June 4, according to a proclamation U.S. President Donald Trump signed on Tuesday.Reuters
Tue, Jun 3
US Navy to rename oil tanker named after gay rights activist Harvey Milk
By Idrees Ali and Phil Stewart WASHINGTON, June 3 - The U.S. Navy will rename an oil tanker that had been named after slain gay rights activist Harvey Milk, U.S. officials told Reuters on Tuesday, the military's latest move under Defense Secretary Pete Hegseth to root out diversity, equity an...Reuters
Tue, Jun 3
Airlines must ink long-term deals on greener fuels to boost volumes: Bayer exec
MONTREAL, June 3 (Rtrs) - Airlines need to reach long-term agreements to buy bigger quantities of sustainable aviation fuel if they want to boost global volumes of the lower-emission fuel required for industry climate targets, a Bayer executive said on Tuesday.Airline members of the International Ai...Reuters
Tue, Jun 3
U.S. nuclear power plant outages
June 3 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total ...Reuters
Tue, Jun 3
Centerpoint Energy Emphasizes Preparedness With Critical Resiliency Efforts Completed Before June 1 For 2025 Atlantic Hurricane Season
June 3 (Reuters) - CenterPoint Energy Inc CNP.N:2025 ATLANTIC HURRICANE SEASON: CENTERPOINT ENERGY EMPHASIZES PREPAREDNESS WITH CRITICAL RESILIENCY EFFORTS COMPLETED BEFORE JUNE 1; URGES CUSTOMERS TO HAVE AN EMERGENCY PLAN AND PRACTICE THAT PLANReuters
Tue, Jun 3
US Navy to rename oil tanker named after gay rights activist Harvey Milk
WASHINGTON, June 3 - The U.S. Navy will rename an oil tanker that had been named after slain gay rights activist Harvey Milk, U.S. officials told Reuters on Tuesday, the latest move in the U.S. military under Defense Secretary Pete Hegseth to root out diversity, equity and inclusion. In 2016, the U....Reuters
Tue, Jun 3
US regulator begins special inspection at Illinois Quad Cities nuclear plant
June 3 (Reuters) - The U.S. Nuclear Regulatory Commission has launched a special inspection at the Quad Cities Generating Station in Illinois, to review two events caused by battery issues, the agency said on Tuesday. Constellation Energy CEG.O operates the two-unit plant in Cordova, Illinois. ...Reuters
Tue, Jun 3
Reddit's services restored after global outage that affected thousands
June 3 (Reuters) - Social media platform Reddit RDDT.N was back up after an outage that affected nearly 31,000 users on Tuesday, according to outage tracking website Downdetector.com.Reddit said on its status page that the incident had been resolved following an investigation into elevated errors. T...Reuters
Tue, Jun 3
EU, China trade chiefs to hold fourth round of talks in June
BRUSSELS, June 3 (Reuters) - EU trade chief Maros Sefcovic and China's commerce minister, Wang Wentao, agreed to hold a fourth round of trade talks this month ahead of an EU-China summit in July, a European Commission spokesperson said on Tuesday.Sefcovic met Wang on the sidelines of an Organisa...Reuters
Tue, Jun 3
CBOT wheat ends lower as US crop ratings improve
CHICAGO, June 3 (Reuters) - Chicago Board of Trade wheat futures ended lower on Tuesday, pressured by improving U.S. wheat condition ratings and a firmer dollar, which tends to make U.S. grains less competitive globally, traders said.CBOT July soft red winter wheat WN25 settled down 3 cents at $5.36...Reuters
Tue, Jun 3
ICE canola futures rebound on vegoils rise
WINNIPEG, Manitoba, June 3 (Reuters) - ICE canola futures rebounded on Tuesday on vegoils strength.• July canola RSN5 settled up $12.10 at $698.70 per metric ton. November RSX5 rose $12.30 to $680.20. The gains did not recover all of Monday's losses.• The July contract broke beneath the 20-day m...Reuters
Tue, Jun 3
Oil climbs 2% to 2-week high on geopolitical tensions
Russia says settlement with Ukraine is complexIran set to reject US nuclear proposal Canada wildfires knock out oil suppliesLow inflation in Europe could lead to interest rate cutComing Up: API's weekly US oil inventory data 4:30 p.m. ETBy Scott DiSavino NEW YORK, June 3 (Reuters) - Oil price...Reuters
Tue, Jun 3
CBOT corn ends higher, led by soybeans, crude oil
CHICAGO, June 3 (Reuters) - Chicago Board of Trade corn futures ended modestly higher on Tuesday, rallying from multi-month lows hit early in the session as spillover strength from soybeans Sv1 and crude oil CLc1 offset pressure from favorable U.S. production prospects, traders said.CBOT July corn C...Reuters
Tue, Jun 3
CBOT soybeans end higher, buoyed by higher crude oil
CHICAGO, June 3 (Reuters) - Chicago Board of Trade soybean futures rose on Tuesday, rallying from a seven-week low struck a day earlier, as strong crude oil prices lifted soyoil futures and traders weighed expectations that the leaders of United States and top global soy buyer China will speak this ...Reuters
Tue, Jun 3
Health Rounds: Older breast cancer patients using estrogen cream live longer, study finds
By Nancy LapidJune 3 (Reuters) - Hello Health Rounds Readers! Today we highlight two more potentially important studies that were presented at the American Society of Clinical Oncology scientific meeting in Chicago, which concluded on Tuesday. Both contain some positive news for patients. Estrog...Reuters
Tue, Jun 3
ANALYSIS-South Korea's new leader to seek more time for US trade talks
Seoul to take wait-and-see stance on trade talks, sources sayOpen to extending deadline, unlikely to ask from the startJapan and China considered references for bargaining powerSouth Korea better positioned than peers to strike favourable deal, analysts sayBy Jihoon Lee and Cynthia Kim SEOUL, Jun...Reuters
Tue, Jun 3
ANALYSIS-South Korea's new leader to seek more time for US trade talks
Seoul to take wait-and-see stance on trade talks, sources sayOpen to extending deadline, unlikely to ask from the startJapan and China considered references for bargaining powerSouth Korea better positioned than peers to strike favourable deal, analysts sayBy Jihoon Lee, Hyunjoo Jin and Cynthia Kim ...Reuters
Tue, Jun 3
US 'maximum pressure' campaign on Iran remains in full force, State Dept says
WASHINGTON, June 3 (Reuters) - The U.S. maximum pressure campaign against Iran remains in "full force" despite U.S. efforts to reach a new nuclear deal with Iran, State Department spokesperson Tammy Bruce told reporters on Tuesday.The Wall Street Journal reported on Sunday that a directive c...Reuters
Tue, Jun 3
Peru expects small rise in 2025 copper output, long battle versus illegal gold mining
By Marco Aquino LIMA, June 3 (Reuters) - Copper output in Peru, the world's third-biggest producer, is expected to grow slightly to 2.8 million metric tons this year, while mining investment is forecast to reach at least $4.8 billion, the country's top mining official said on Tuesday. ...Reuters
Tue, Jun 3
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