News
Important Only
Algerian court upholds five-year jail term for French-Algerian writer
TUNIS, July 1 (Reuters) - An Algerian court upheld on Tuesday a five-year prison sentence being served by French-Algerian writer Boualem Sansal for undermining national unity, Ennahar TV said, prompting a call for clemency by France.Sansal, 80, had been living in France but was detained while visiti...Reuters
Tue, Jul 1
Brazil's Petrobras raises jet fuel prices by 2.9%
RIO DE JANEIRO, July 1 (Reuters) - Brazilian state-run oil firm Petrobras PETR4.SA will raise the average price of jet fuel sold to distributors by 2.9%, or 0.09 real ($0.0166) per liter, starting July 1, the company said in a statement on Tuesday.Petrobras makes monthly tweaks to its jet fuel price...Reuters
Tue, Jul 1
OPEC+ is set to increase production again – Commerzbank
The eight OPEC+ countries with voluntary production cuts are likely to decide next weekend to increase oil production by 411 thousand barrels per day in August, as reported by Reuters and Bloomberg, citing delegates from the expanded production cartel, Commerzbank's commodity analyst Carsten FritschFxstreet
Tue, Jul 1
GRAINS-Corn slips as improved crop rating adds to supply pressure
USDA report shows US corn conditions rated highest since 2018Soybeans also ease as crop conditions hold steadyWheat consolidates as weak dollar underpinsBy Gus Trompiz, Naveen Thukral PARIS/SINGAPORE, July 1 (Reuters) - Chicago corn fell on Tuesday as an unexpected jump in U.S. crop ratings reinf...Reuters
Tue, Jul 1
INSIGHT-Rare earth magnet users jolted into paying premium prices for ex-China supply
China's export controls disrupt rare earth magnet supply chainsAutomakers willing to pay premiums amid supply risksBuilding ex-China production will take yearsBy Eric Onstad and Hyunjoo Jin LONDON/SEOUL, July 1 (Reuters) - For years, Rahim Suleman had reached out repeatedly to automakers and ...Reuters
Tue, Jul 1
WRAPUP 1-France shuts schools as heatwave grips Europe, sea off Spain at record high temperatures
Eiffel Tower's top floor shut due to heatwaveMediterranean Sea temperatures at record highsHeat spurs health alerts, raises risk of field firesBy Ingrid Melander and Emma Pinedo PARIS/MADRID, July 1 (Reuters) - More than a thousand schools were closed in France on Tuesday and the top floor of...Reuters
Tue, Jul 1
US Supreme Court dealt blows to EPA and environmental protections
Court limited environmental reviews in Utah railway rulingIt reined in EPA power to police water pollution dischargeCourt backed fuel producers in California emissions caseBy John Kruzel WASHINGTON, July 1 (Reuters) - The U.S. Supreme Court delivered setbacks to environmental interests in a serie...Reuters
Tue, Jul 1
EUROPE GAS-Prices rangebound as Norwegian supply ample
LONDON, July 1 (Reuters) - Dutch and British wholesale gas prices traded in a narrow range early on Tuesday as higher temperatures across Europe limited use for heating, and the impact of cooling demand and low wind generation was mostly confined to the power market.The benchmark Dutch front-month c...Reuters
Tue, Jul 1
Chaucer adds Aegis' Brand to Singapore energy team
By Rebecca DelaneyJuly 1 - (The Insurer) - Chaucer has bolstered its energy offering in Singapore with the appointment of Emily Brand as deputy class underwriter.Brand will report to Scott Ho, class underwriter, energy in Singapore.In her new role, Brand will work with Ho and Charles Tan to support ...Reuters
Tue, Jul 1
EU wants upfront relief for key sectors in any US trade deal, sources say
EU seeking immediate tariff relief in any US trade dealEU wants relief for key sectors such as cars, pharmaceuticalsUS has set July 9 deadline for deals to be struckBy Julia Payne and Philip Blenkinsop BRUSSELS, July 1 (Reuters) - The European Union wants immediate relief from tariffs in key sect...Reuters
Tue, Jul 1
Dubai aims to beat the traffic with 2026 Joby air taxi liftoff
Air taxis can cut down journeys from 45 to twelve minutes Joby has exclusive rights to Dubai air taxis for six yearsJoby's fully electric model can fly to distances up to 160kmBy AbdelHadi Ramahi, Amr Alfiky, Luke TysonDUBAI, July 1 (Reuters) - Dubai commuters may soon have a new way to skip tr...Reuters
Tue, Jul 1
Oil: Attention shifts to OPEC+ – ING
Oil prices edged marginally lower yesterday, a move that continued in early morning trading today, as the market increasingly turns its attention towards the OPEC+ meeting this weekend., ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Tue, Jul 1
Central Chinese cities fight floods unleashed by record rain
BEIJING, July 1 (Reuters) - A record summer downpour in China's central province of Hubei dumped more than a month's worth of rain in just 12 hours on the city of Xianfeng, prompting authorities on Tuesday to move 18,000 people to safety, shut schools, and suspend bus services. Gushing brown...Reuters
Tue, Jul 1
South Africa seeks extension of Trump tariff deadline to pursue trade deal
JOHANNESBURG, July 1 (Reuters) - South Africa has asked for more time to negotiate a trade deal with U.S. President Donald Trump's administration before his higher tariff regime goes into effect on July 9, Pretoria's trade ministry said on Tuesday.Trump imposed a 31% tax on U.S. imports from...Reuters
Tue, Jul 1
