News
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Tonga opts to include drought as it increases PCRIC coverage
By Henry GaleJuly 16 - (The Insurer) - The government of Tonga has committed to renew its parametric catastrophe insurance policy with the Pacific Catastrophe Risk Insurance Company, increasing its premium contribution and adding coverage for drought risk, the regional risk pool said.Tonga's gov...Reuters
Wed, Jul 16
Carney says US deal that works for Canada isn't on table yet
July 16 (Reuters) - Canadian Prime Minister Mark Carney on Wednesday said working through issues related to softwood lumber is a top priority in ongoing trade negotiations with the U.S., but a deal that works for Canadian workers isn't yet on the table.Speaking to reporters in Hamilton, Carney p...Reuters
Wed, Jul 16
Ford recalls over 694,000 SUVs in US after year-long fuel leak probe
July 16 (Reuters) - Ford F.N is recalling 694,271 crossover SUVs in the United States due to a fuel leak issue that could increase the risk of a fire, the U.S. National Highway Traffic Safety Administration said on Wednesday, following a year-long investigation.The NHTSA said fuel injector in affect...Reuters
Wed, Jul 16
Reddit down for thousands of US users, Downdetector shows
July 16 (Reuters) - Social media platform Reddit RDDT.N was down for thousands of users in the U.S. on Wednesday, according to outage tracking website Downdetector.com.There were more than 32,691 incidents of people reporting issues with the platform as of 11:39 am ET, according to Downdetector, whi...Reuters
Wed, Jul 16
Canada announces new tariff measures on imported steel to protect domestic industry
By Divya RajagopalTORONTO, July 16 (Reuters) - Canadian Prime Minister Mark Carney on Wednesday said that Canada will introduce a tariff rate quota for countries with which it has free trade agreements, excluding the United States, to protect the domestic steel industry. Canada will also implement a...Reuters
Wed, Jul 16
Marsh names Beach to succeed Herring as UK CEO for energy and power
By Rebecca DelaneyJuly 16 - (The Insurer) - Marsh has named Will Beach as CEO of energy and power, UK at Marsh Specialty, succeeding Andrew Herring who is set to transition to the role of global chair at the beginning of next year.Beach currently leads Marsh's energy and power practice for the M...Reuters
Wed, Jul 16
Gulf Coast braces for flooding as storm system tracks west
July 16 - (The Insurer) – A weather system designated as Invest 93L is moving westward through Florida’s Panhandle after crossing the northern part of the state on Tuesday, bringing the risk of heavy rainfall and flash flooding to parts of the U.S. Gulf Coast.The National Hurricane Center has given ...Reuters
Wed, Jul 16
Venture Global signs 20-year contract to supply LNG to Italy's Eni
By Francesca Landini MILAN, July 16 (Reuters) - Venture Global VG.N will supply 2 million metric tons a year of liquefied natural gas to Italian state-controlled energy group Eni ENI.MI, the two companies said on Wednesday.The deal is Eni's first long-term contract for LNG coming from the Uni...Reuters
Wed, Jul 16
US withdrew oil from strategic reserve last week for first time since 2023, EIA shows
NEW YORK, July 16 (Reuters) - The United States withdrew oil from its Strategic Petroleum Reserve for the first time last week since December 2023, data from the Energy Information Administration showed on Wednesday.300,000 barrels of crude oil were taken out of the reserve last week, the data showe...Reuters
Wed, Jul 16
EPNG Lifts Force Majeure At Dimmitt Compressor Station Unit #1, Texas
July 16 (Reuters) - KINDER MORGAN'S KMI.N EL PASO NATURAL GAS COMPANY, L.L.C (EPNG):LIFTS FORCE MAJEURE AT DIMMITT COMPRESSOR STATION UNIT #1 LOCATED IN LAMB COUNTY, TEXASSAYS COMPANY WILL BE INCREASING THE CAPACITY THROUGH THE AMAR N AND AMAR S CONSTRAINTS EFFECTIVE JULY 16, 2025, INTRADAY 1 CY...Reuters
Wed, Jul 16
US generated more renewable blending credits in June, EPA says
NEW YORK, July 16 (Reuters) - The U.S. generated more renewable blending credits in June than May, data from the Environmental Protection Agency showed on Wednesday.About 1.25 billion ethanol (D6) blending credits were generated in June, compared with about 1.22 billion in May, the data showed.Credi...Reuters
Wed, Jul 16
US generated more renewable blending credits in June, EPA says
NEW YORK, July 16 (Reuters) - The U.S. generated more renewable blending credits in June than May, data from the Environmental Protection Agency showed on Wednesday.About 1.25 billion ethanol (D6) blending credits were generated in June, compared with about 1.22 billion in May, the data showed.Credi...Reuters
Wed, Jul 16
GRAINS-Corn extends rebound, wheat stuck at two-week low
PARIS/CANBERRA, July 16 (Reuters) - Chicago corn futures rose for a third day on Wednesday to extend a recovery from contract lows, with favourable U.S. crop conditions seen as priced in, analysts said.Soybeans also gained ground to move away from a three-month low struck earlier this week, but Chic...Reuters
Wed, Jul 16
US natgas prices edge up to 2-week high on hot forecasts, near record LNG flows
July 16 (Reuters) - U.S. natural gas futures edged up about 1% to a two-week high on Wednesday as hot weather boosts the amount of gas power generators must burn to keep air conditioners humming and on near record flows of gas to LNG export plants.Reuters
Wed, Jul 16
India's Russian oil imports up slightly in January-June, data shows
By Nidhi Verma NEW DELHI, July 16 (Reuters) - India's oil imports from Russia rose marginally in the first half of this year, with private refiners Reliance Industries Ltd RELI.NS and Nayara Energy making almost half of the overall purchases from Moscow, according to data provided by sources....Reuters
Wed, Jul 16
Axis hires Brookfield's Abdelrahman as senior underwriter for renewable energy in Canada
By Navneeta NandanJuly 16 - (The Insurer) - Axis has appointed Moustafa Abdelrahman as senior underwriter and assistant vice president for renewable energy.With the insurer's focus on providing specialty insurance solutions for customers across Canada, Abdelrahman is Axis' first renewables p...Reuters
Wed, Jul 16
Canada weighs limits on US lumber exports to ease trade friction, British Columbia premier tells Bloomberg News
July 16 (Reuters) - Canada is open to considering limits on softwood lumber exports to the U.S. to try to ease some trade friction between the neighboring countries, British Columbia Premier David Eby told Bloomberg News in a report published on Wednesday. "One of the asks for years out of the A...Reuters
Wed, Jul 16
EU trade chief heads to Washington in search of tariffs solution
Sefcovic to meet US officials for tariff discussionsTrump's tariff threats disrupt global trade and marketsASML warns of investment delays due to tariff uncertaintyIf talks fail, EU tariff list includes Boeing, bourbon, carsEuropean companies expected to report weak earnings BRUSSELS/BERLIN,...Reuters
Wed, Jul 16
