News
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Gold price surges past $3,340 amid a firm US Dollar, traders eye key US data ahead
The Gold price rises over 1% as the Greenback pares some of its earlier losses, which sent the US Dollar Index (DXY) to a three-year low. Meanwhile, the US Senate passed the Trump tax bill, which is ready to be sent to the House of Representatives for its approval.
Fxstreet
Tue, Jul 1
US LNG exports fall in June due to plant maintenance
Europe remains favored destination for US LNG exports Slower economic growth in Asia continues to impact demandUS has stepped up its exports to Latin America By Curtis Williams HOUSTON, July 1 (Reuters) - U.S. liquefied natural gas exports fell to their second lowest monthly level for the year i...Reuters
Tue, Jul 1
Exxon Reports Operations Require Flaring At Beaumont, Texas Complex
July 1 (Reuters) - EXXON MOBIL CORP XOM.NREPORTS OPERATIONS REQUIRE FLARING AT BEAUMONT, TEXAS COMPLEXSOURCE: SOUTHEAST TEXAS ALERTING NETWORK - COMMUNITY ALERTTHE BEAUMONT COMPLEX HOUSES A 612,000 BARREL-PER-DAY OIL REFINERYReuters
Tue, Jul 1
US Cash Grains-Soybean, corn bids higher with farmers reluctant to sell
CHICAGO, July 1 (Reuters) - Spot basis bids for soybeans and corn were steady to higher in the U.S. Midwest on Tuesday as farmers were reluctant to sell amid low futures prices. The soy basis ticked higher at an Ohio elevator and an Iowa processor.The corn basis ticked higher at an Illinois processo...Reuters
Tue, Jul 1
Chile's Codelco secures new lithium quota for SQM partnership
By Fabian Cambero, Daina Beth Solomon SANTIAGO, July 1 (Reuters) - Chile's state-run copper producer Codelco said on Tuesday it has secured regulatory approval for a new lithium quota, clearing one of the remaining hurdles to produce the battery metal through its joint venture wit...Reuters
Tue, Jul 1
US House of Representatives sets Wednesday vote for Trump's spending bill
WASHINGTON, July 1 (Reuters) - The U.S. House of Representatives set debate and a vote for Wednesday for President Donald Trump's sweeping tax-cut and spending bill.The bill passed the Republican-led U.S. Senate on Tuesday, 51-50, with Vice President JD Vance breaking the tie.Reuters
Tue, Jul 1
Exxon Reports Operations Require Flaring At Beaumont, Texas Complex
July 1 (Reuters) - EXXON MOBIL CORP XOM.N:REPORTS OPERATIONS REQUIRE FLARING AT BEAUMONT, TEXAS COMPLEXSOURCE: SOUTHEAST TEXAS ALERTING NETWORK - COMMUNITY ALERTTHE BEAUMONT COMPLEX HOUSES A 612,000 BARREL-PER-DAY OIL REFINERYReuters
Tue, Jul 1
Brazil's Oil Output Reaches 3.679 Million Bpd In May - ANP
July 1 (Reuters) - Petroleo Brasileiro SA Petrobras PETR4.SA:BRAZIL'S OIL OUTPUT REACHES 3.679 MILLION BPD IN MAY, UP 10.9% VERSUS PREVIOUS YEAR - ANPBRAZIL'S NAT GAS PRODUCTION HITS 172.3 MILLION CUBIC METERS IN MAY, UP 18,3% VERSUS PREVIOUS YEAR - ANPBRAZIL'S OIL AND NATURAL GAS OUTPU...Reuters
Tue, Jul 1
Europe Gasoline/Naphtha-Gasoline profit margins increase
LONDON, July 1 (Reuters) - Northwest European gasoline profit margins gained 62 cents on Monday to $13.36 a barrel. A total of 22,000 metric tons of Eurobob E5 barges traded, as BP sold to Gunvor, TotalEnergies and Aramco.In the U.S., gasoline demand rose 145,000 barrels per day (bpd) to 8.91 millio...Reuters
Tue, Jul 1
Engie targets speedy renewables growth in Mideast, North Africa
Red Sea Wind Energy has 650 megawatt capacityEngie working on another 900 MW site in EgyptEgypt has faced power shortages, required LNG importsEngie sees MENA region providing bulk of new renewables to 2030By America Hernandez PARIS, July 1 (Reuters) - French utility Engie ENGIE.PA has completed ...Reuters
Tue, Jul 1
KBRA: Insurers entered 2025 hurricane season with enhanced financial strength
By Mia MacGregorJuly 1 - (The Insurer) - U.S. property and casualty insurers are better prepared to weather the 2025 Atlantic hurricane season due to bolstered capital adequacy and reserve positions, according to a KBRA report published on Monday. The report highlighted strengthened balance sheets d...Reuters
Tue, Jul 1
METALS-Copper tests key $10,000 mark on strong China manufacturing data
By Pratima Desai LONDON, July 1 (Reuters) - Copper prices hit three-month highs on Tuesday with growing optimism about demand for the metal, used in power and construction, in top consumer China after the country's stronger manufacturing data.Benchmark copper CMCU3 on the London Metal Exchang...Reuters
Tue, Jul 1
Trump-backed tax-cut and spending bill passes US Senate
WASHINGTON, July 1 (Reuters) - The Republican-controlled U.S. Senate voted on Tuesday to pass a wide-ranging tax-cut and spending bill sought by President Donald Trump, which would cut Medicaid healthcare and food assistance programs for the poor and disabled.Vice President JD Vance cast the tie-bre...Reuters
Tue, Jul 1
US Senate begins voting on Trump tax-cut and spending bill
WASHINGTON, July 1 (Reuters) - The Republican-controlled U.S. Senate on Tuesday began voting on whether to approve a sweeping tax-cut and spending bill President Donald Trump wants enacted by Friday and that Democrats oppose.Reuters
Tue, Jul 1
Greece imposes 20-euro levy on Santorini cruise visitors
By Stamos Prousalis ATHENS, July 1 (Reuters) - Greece introduced a 20-euro ($23) fee on tourists arriving on Santorini by cruise ship on Tuesday to try to rein in overtourism and collect revenues to upgrade the island's infrastructure.The volcanic island in the Aegean Sea attracts about 2 mil...Reuters
Tue, Jul 1
Iran warns against 'destructive approach' of European countries in call with EU foreign policy chief
CAIRO, July 1 (Reuters) - Iranian Foreign Minister Abbas Araqchi warned in a phone call with EU foreign policy chief Kaja Kallas against what he called the "destructive approach" of several European countries, he said in a statement on Telegram on Tuesday.Araqchi also criticised the stance o...Reuters
Tue, Jul 1
CORRECTED (OFFICIAL)-Chile's Codelco secures lithium quota needed for SQM partnership, company says
SANTIAGO, July 1 (Reuters) - Chile's state-run copper producer Codelco said on Tuesday that it received regulatory approval for a lithium extraction quota that is key to its planned joint venture with Chilean lithium miner SQM.Chile's nuclear energy regulator CCHEN approved an initial extrac...Reuters
Tue, Jul 1
