News
Important Only
Med crude-Russia's Urals oil diffs hold steady on firm demand
MOSCOW, June 30 (Reuters) - Urals crude differentials to dated Brent were little changed on Monday, while demand for the grade held firm supported by a lower lifting plan for the next month.Kazakhstan may exceed its previous oil production forecast by around 2% this year following an upgrade to outp...Reuters
Mon, Jun 30
INSTANT VIEW-USDA sees 95.2 million corn, 83.4 million soybean acres in 2025
CHICAGO, June 30 (Reuters) - U.S. farmers planted 95.2 million acres of corn in 2025, the U.S. Department of Agriculture said on Monday, up 5% from 2024 but below an average of trade expectations, while soybean plantings were 83.4 million acres, also below an average of trade expectations.The USDA a...Reuters
Mon, Jun 30
PRECIOUS-Gold rises on weaker dollar; investors await US jobs data
Gold gains over 5% this quarterDollar down to 4-year low against euroU.S. ADP employment data due on Wednesday; payrolls data on ThursdaySilver, platinum and palladium up for the quarterBy Sarah Qureshi June 30 (Reuters) - Gold edged higher on Monday, supported by a weaker U.S. dollar, while inve...Reuters
Mon, Jun 30
US crude oil output hit record in April, EIA data shows
US EIA reports record oil output in April, lowers March estimateCrude oil output in Texas hit highest since November in AprilPetroleum demand rose 1.3% in April from MarchLower 48 gross natural gas output hit record in April, EIA saysNEW YORK, June 30 (Reuters) - U.S. crude oil production hit a reco...Reuters
Mon, Jun 30
Europe Gasoline/Naphtha-Gasoline profit margins rise
LONDON, June 30 (Reuters) - Northwest European gasoline profit margins rose by 70 cents on Monday to $12.69 a barrel. A total of 18,000 metric tons of Eurobob E5 barges traded, as BP, Gunvor and Trafigura sold to TotalEnergies.Britain's 113,000 barrels per day Lindsey oil refinery has begun inso...Reuters
Mon, Jun 30
Gold shines as trust in monetary order erodes – TDS
Gold's rally isn't about demand, it's about trust. We believe we are in the midst of the third major change in the monetary order. The positioning set-up in Gold is simply a symptom of this mega-theme, TDS' Senior Commodity Strategist Daniel Ghali notes.Fxstreet
Mon, Jun 30
Guyana calls companies to pre-qualify for NGL facility
By Kemol King GEORGETOWN, June 30 (Reuters) - Guyana is looking for a company willing to build a natural gas liquids (NGL) facility as part of efforts to monetize its offshore gas reserves, according to a notice published by the South American government on Sunday.The storage and offloading facil...Reuters
Mon, Jun 30
METALS-Copper stable on mixed Chinese data, tariff uncertainty
By Eric Onstad LONDON, June 30 (Reuters) - Copper prices steadied on Monday, as investors digested mixed factory data from top metals consumer China and progress in trade talks between Canada and the United States.Three-month copper CMCU3 on the London Metal Exchange was down 0.1% at $9,871 a me...Reuters
Mon, Jun 30
Power Up: The US pipeline push
June 30 - By Liz HamptonU.S. energy markets editor Hello Power Up readers! Oil prices are steady at the start of the week as the market is weighing potential OPEC+ output increases for August against the global demand outlook. Both benchmarks had posted their biggest weekly declines sinc...Reuters
Mon, Jun 30
EXPLAINER-What is a 'heat dome' and how does it power heatwaves?
By Kate Abnett BRUSSELS, June 30 (Reuters) - Large parts of Western Europe were in the grip of a severe heatwave on Monday, with temperatures breaching 40 degrees Celsius (104 degrees Fahrenheit) in Spain and wildfires breaking out in France.Scientists said the extreme temperatures in the region ...Reuters
Mon, Jun 30
EU agrees deal on food trade with Ukraine
By Philip Blenkinsop BRUSSELS, June 30 (Reuters) - The European Union and Ukraine have reached an initial deal to revise their free trade agreement and determine future agricultural exports from Ukraine to the bloc, the European Commission said on Monday.The EU temporarily waived duties and quota...Reuters
Mon, Jun 30
US Supreme Court to hear Enbridge's venue challenge to Michigan's pipeline case
Enbridge wants case heard in federal, not state, courtMichigan aims to stop Straits of Mackinac pipeline's useBy Nate Raymond June 30 (Reuters) - The U.S. Supreme Court agreed on Monday to hear Enbridge's ENB.TO bid to change the venue of Michigan's lawsuit seeking to force the Canadi...Reuters
Mon, Jun 30
WRAPUP 4-Thousands flee wildfires in Turkey as Europe is hit by early heatwave
More than 50,000 evacuated as wildfires rage in TurkeySpain on course for hottest June on recordHeat warnings in Italy, France, Germany, Portugal, the NetherlandsBy Ezgi Erkoyun, Dominique Vidalon and Kate Abnett ISTANBUL/PARIS/BRUSSELS, June 30 (Reuters) - Firefighters battled wildfires in Turke...Reuters
Mon, Jun 30
Ecuador to receive $1 billion foreign investment linked to renewable energy
June 30 (Reuters) - Ecuador's presidential spokesperson Carolina Jaramillo said on Monday that the country will receive $1 billion in foreign direct investment linked to renewable energies through 2026.The investment includes $400 million from Power China and $600 million investment that will co...Reuters
Mon, Jun 30
Google strikes deal to buy fusion power from MIT spinoff Commonwealth
Google to buy 200 Megawatts of power from Virginia fusion projectGoogle also boosts investment in Commonwealth Fusion SystemsLots of hurdles for fusion to become commercialCFS expects project to generate power by early 2030sBy Timothy Gardner WASHINGTON, June 30 (Reuters) - Alphabet's GOOGL.O...Reuters
Mon, Jun 30
US crude oil output hit record in April, EIA data shows
NEW YORK, June 30 (Reuters) - U.S. crude oil production hit a record 13.47 million barrels-per-day in April, up from 13.45 million bpd in March, according to data released by the Energy Information Administration as part of its Petroleum Supply Monthly series.The EIA had previously estimated U.S. oi...Reuters
Mon, Jun 30
US Senate bill’s clean energy cuts draw backlash from labor, business
US Chamber of Commerce warns against new tax on solar, wind Building trades union warns of significant construction job losses Senators, groups say hobbling renewable energy will drive up energy pricesBy Valerie Volcovici WASHINGTON, June 30 (Reuters) - The U.S. Senate’s proposed cuts to clean en...Reuters
Mon, Jun 30
