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FAA expects to soon boost flights at Newark airport after runway reopening
June 2 (Reuters) - The Federal Aviation Administration said it plans to soon boost the number of flights at Newark Liberty International Airport after a runway reopened on Monday nearly two weeks ahead of schedule.Acting FAA Administrator Chris Rocheleau said the runway is already being used for dep...Reuters
Mon, Jun 2
US Plains HRW Wheat-Basis bids steady, winter wheat harvest begins
CHICAGO, June 2 (Reuters) - Spot basis bids for hard red winter (HRW) wheat were steady in the southern U.S. Plains on Monday as farmers have started to harvest crops, dealers said.The U.S. winter wheat harvest is estimated to be 4% complete in a U.S. Department of Agriculture report due at 3 p.m. C...Reuters
Mon, Jun 2
Exxon signs agreement with Azerbaijan's SOCAR to explore onshore oil production
SOCAR signs oil exploration agreement with Exxon Sources say SOCAR will also announce offshore sale to BPAzerbaijan to increase natural gas exports, Aliyev saysBy Nailia BagirovaBAKU, June 2 (Reuters) - Exxon Mobil XOM.N and Azeri state energy company SOCAR said on Monday they signed a deal agreeing...Reuters
Mon, Jun 2
COLUMN-Crop Watch: Corn improves but soy health is lacking -Braun
By Karen Braun NAPERVILLE, Illinois, June 2 (Reuters) - Although not all fields have emerged, U.S. Crop Watch soybean conditions are starting out on their worst note in at least five years, similar to the corn ratings a week ago.Only eight of the 11 Crop Watch soybean fields are available for rat...Reuters
Mon, Jun 2
Greenpeace removes wax statue of Macron over French trade with Russia
PARIS, June 2 (Reuters) - Greenpeace activists removed a wax statue of French President Emmanuel Macron from the Grevin Museum in Paris on Monday and put it in front of the Russian embassy to protest against French business ties with Russia and lack of stronger climate action.In its statement announ...Reuters
Mon, Jun 2
WTI Price Forecast: Oil prices climb on weaker USD, geopolitical tension, WTI stalls near key resistance
West Texas Intermediate (WTI) crude oil edges higher on Monday, kicking off the week on a firmer footing as a weaker US Dollar (USD) and persistent geopolitical tensions between Russia and Ukraine continue to underpin market sentiment.
Fxstreet
Mon, Jun 2
Behind OPEC+ oil output hike, Saudi-Russian tensions simmer
Saudi Arabia wanted to further speed up oil hikesRussia suggested hikes shall pauseSources say tensions not critical for nowFor OPEC+ unwinding its cuts, see By Ahmad Ghaddar, Dmitry Zhdannikov and Alex Lawler LONDON, June 2 (Reuters) - Saudi Arabia and Russia had to reach a difficult compromise ...Reuters
Mon, Jun 2
Ivanhoe plans partial restart for flooded Congo copper mine in late June
JOHANNESBURG, June 2 (Reuters) - Ivanhoe Mines IVN.TO said on Monday it plans to restart a section of its Kakula copper mine in the Democratic Republic of Congo later this month that was closed due to underground seismic activities.The Canadian miner temporarily stopped operations at the Kakula mine...Reuters
Mon, Jun 2
EXCLUSIVE-Egypt's new grains buyer struck rare deal for French wheat, sources say
Mostakbal Misr buys French wheat from top European traders New military agency took over purchases in DecemberSources say cargoes are facing delaysEgypt is one of world's biggest wheat buyersBy Sarah El Safty, Mohamed Ezz and Gus Trompiz DUBAI, June 2 (Reuters) - Egypt's state grains buye...Reuters
Mon, Jun 2
EXPLAINER-The reality of Trump's steel and aluminium tariffs
By Pratima Desai LONDON, June 2 (Reuters) - U.S. President Donald Trump plans to double tariffs on steel and aluminium imports to 50% from Wednesday, stepping up pressure on global steel producers and deepening his trade war.WHY IS TRUMP DOUBLING TARIFFS?Trump aims to support and encourage invest...Reuters
Mon, Jun 2
EU wheat rises with Chicago as Ukraine war tensions prompt short-covering
PARIS, June 2 (Reuters) - Euronext wheat rose on Monday in step with U.S. futures as news of a Ukrainian drone attack deep inside Russia rekindled war concerns, though prices pared gains as favourable crop prospects and slow demand hung over the market.September milling wheat BL2U5, the most active ...Reuters
Mon, Jun 2
METALS-US copper futures surge as tariff fears loom
By Ashitha Shivaprasad June 2 (Reuters) - U.S. copper futures jumped on Monday, widening their premium over London prices, amid speculation about possible new import tariffs after U.S. President Donald Trump said he would double tariffs on aluminium and steel imports to 50%. The most activ...Reuters
Mon, Jun 2
Trump administration proposal would lift Biden-era limits on Alaska oil drilling
June 2 (Reuters) - The administration of U.S. President Donald Trump on Monday proposed rolling back Biden-era limits on oil and gas drilling in an Alaska area that is the nation's largest tract of undisturbed public land.The move is consistent with Trump's goal to slash regulations for oil ...Reuters
Mon, Jun 2
Europe Gasoline/Naphtha-Gasoline profit margins rise
LONDON, June 2 (Reuters) - Northwest European gasoline profit margins rose to about $15.79 a barrel on Monday despite lower European exports.A total of 10,000 metric tons of Eurobob E5 barges traded in the Argus window, with Shell, TotalEnergies and ExxonMobil selling to Trafigura, BMV and BP.A furt...Reuters
Mon, Jun 2
Gold skyrockets to 4-week high amid geopolitical tensions, tariffs fears
Gold prices rallied sharply on Monday, reaching their highest level in over four weeks, as geopolitical risks escalated over the Russia-Ukraine conflict. Renewed tensions on trade between the United States (US) and China prompted investors to buy the yellow metal throughout the day.
Fxstreet
Mon, Jun 2
EU wheat rises with Chicago as Ukraine war tensions prompt short-covering
PARIS, June 2 (Reuters) - Euronext wheat rose on Monday in step with U.S. futures as news of a Ukrainian drone attack deep inside Russia rekindled concerns about the war between the two grain exporters, prompting some short-covering after recent price lows.September milling wheat BL2U5, the most ac...Reuters
Mon, Jun 2
Carney and Canadian premiers bid to speed up major projects, cut US reliance
OTTAWA, June 2 (Reuters) - Prime Minister Mark Carney, seeking to reduce Canada's economic ties to the United States, on Monday met the heads of the 10 provinces as part of a push to slash the time needed to approve mining and energy projects.It can take a decade or more for a mine or a pipeline...Reuters
Mon, Jun 2
Ivanhoe says may partially restart flooded Congo copper mine late June
JOHANNESBURG, June 2 (Reuters) - Ivanhoe Mines IVN.TO said on Monday it plans to restart a section of its Kakula copper mine in the Democratic Republic of Congo later this month, which was temporarily closed after underground seismic activities.The Canadian miner temporarily stopped operations at th...Reuters
Mon, Jun 2
US Cash Grains-Soy, corn basis bids rise at interior and river facilities
CHICAGO, June 2 (Reuters) - Spot soybean and corn basis bids rose at some river terminals and interior grain facilities in the U.S. Midwest on Monday, spot checks showed.Farmers are finishing up plantings of both crops and been selling relatively minimal amounts as the growing season gets underway, ...Reuters
Mon, Jun 2
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