News
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Oil steadies after report of planned OPEC+ August output hike
Sources say OPEC+ planning 411,000 bpd output boost in AugustBrent, WTI down 12% this week, most since March 2023 No major supply disruption from Middle East crisis, analysts sayBy Erwin Seba HOUSTON, June 27 (Reuters) - Oil prices edged up slightly on Friday, recovering from a midday drop in...Reuters
Fri, Jun 27
ICE canola futures glance at Statscan, twitch on Trump
WINNIPEG, Manitoba, June 27 (Reuters) - ICE canola futures had little reaction to Statistics Canada's seeded acreage report on Friday, but were jolted by the U.S. president's announcement that he had suspended trade talks with Canada.• July canola RSN5 settled down $14 at $683.20 per metric ...Reuters
Fri, Jun 27
US Cash Grains-Soybean basis bids steady to mixed at processors and river terminals
CHICAGO, June 27 (Reuters) - Spot basis bids for soybeans were flat to mixed at river terminals and processors in a spot check of locations around the U.S. Midwest on Friday. They were steady to higher at corn processors. The soybean basis dropped at a processor in Lafayette, Indiana, and it improv...Reuters
Fri, Jun 27
CBOT corn ticks higher on short covering
CHICAGO, June 27 (Reuters) - Chicago Board of Trade rose on Friday from multi-month lows, supported by short covering and a weakening dollar, analysts said.CBOT September corn CU25 settled 7-1/2 cents higher to $4.11-1/2 per bushel. Traders were also adjusting positions as they turned their attentio...Reuters
Fri, Jun 27
US natgas prices jump 6% to 1-week high on increase in flows to LNG export plants
August futures take over as NYMEX front-month September futures trade at premium to August for first time this weekEnergy firms likely added less gas than usual into storage this weekBy Scott DiSavino June 27 (Reuters) - U.S. natural gas futures jumped about 6% to a one-week high on Friday as the...Reuters
Fri, Jun 27
Petroperu accelerates talks for Amazon oil block partner
By Marco Aquino LIMA, June 27 (Reuters) - Peru's state-run oil company Petroperu is in talks with five firms, including Canada's PetroTal TAL.TO and U.S.-based Upland Oil and Gas, as it seeks a partner to reactivate a key Amazon oil block, a company executive said late Thursday.Tomas Diaz...Reuters
Fri, Jun 27
Brazil's Vale defines part of Carajas investment plan execution
By Roberto SamoraSAO PAULO, June 27 (Reuters) - Brazil's Vale VALE3.SA, one of the world's largest iron ore producers, has decided how to spend half of the planned 70 billion reais ($12.78 billion) in investments under its "New Carajas Program," according to a company director, who d...Reuters
Fri, Jun 27
US oil/gas rig count falls for fourth month to Oct 2021 low, Baker Hughes says
By Scott DiSavino June 27 (Reuters) - U.S. energy firms cut the number of oil and natural gas rigs operating for a fourth month in a row to the lowest since October 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indi...Reuters
Fri, Jun 27
US energy firm EQT agrees to settle lawsuit for $167.5 million
June 27 (Reuters) - U.S. energy company EQT EQT.N agreed to pay $167.5 million to settle a class action lawsuit filed by investors who claimed EQT overstated the benefits of its $6.7 billion merger with Rice Energy in 2017, according to a federal court filing on Thursday by the plaintiffs.Officials ...Reuters
Fri, Jun 27
PRECIOUS-Safe-haven gold falls 2% on easing US-China trade tensions
US consumer spending falls unexpectedly in MayGold heads for second straight weekly lossSilver, platinum and palladium set for weekly gainsBy Sarah Qureshi June 27 (Reuters) - Gold fell 2% on Thursday, hitting a near one-month low, after a U.S.-China trade agreement boosted risk appetite and dimi...Reuters
Fri, Jun 27
US oil/gas rig count falls for 4th month to Oct 2021 low, Baker Hughes says
By Scott DiSavino June 27 (Reuters) - U.S. energy firms cut the number of oil and natural gas rigs operating for a fourth month in a row to the lowest since October 2021, energy services firm Baker Hughes BKR.O said in its closely followed report on Friday.The oil and gas rig count, an early indi...Reuters
Fri, Jun 27
Euronext wheat steadies after slide
PARIS, June 27 (Reuters) - European wheat edged higher on Friday, supported by Chicago after hitting contract lows but with strength in the euro and a favourable harvest outlook hanging over the market.September wheat BL2U5 on Euronext settled 0.4% up at 196.00 euros per metric ton, breaking a five-...Reuters
Fri, Jun 27
OPEC+ set to make another accelerated oil output hike for August, sources say
OPEC+ aims to regain market share with output hikeSome members overproduced, causing tension within OPEC+Potential for more Iranian supply may complicate OPEC+ talksBy Ahmad Ghaddar, Olesya Astakhova and Maha El Dahan LONDON/MOSCOW/DUBAI, June 27 (Reuters) - The world's largest group of oil p...Reuters
Fri, Jun 27
Suncor Responds To Sheen Observed At Sand Creek Outfall, Near Commerce City Refinery
June 27 (Reuters) - Suncor Energy Inc SU.TO :SAYS RESPONDING TO A SMALL SHEEN OBSERVED AT A SAND CREEK OUTFALL, NEAR COMMERCE CITY, COLORADO REFINERYSAYS PERSONNEL AND EQUIPMENT HAVE BEEN DEPLOYED TO ADDRESS SITUATIONSAYS NO ACTION IS NEEDED AT THIS TIMEREFINERY CAPACITY: 17,463,409 BARRELS PER DAYReuters
Fri, Jun 27
North Sea Crude-Forties declines
LONDON, June 27 (Reuters) - North Sea Forties differentials weakened on Friday after a lower offer, while other grades were steady. PLATTS WINDOWIndications are on a free-on-board (FOB) basis unless marked as cost, insurance and freight (CIF) or delivered at place (DAP).* No cargoes traded.* Forties...Reuters
Fri, Jun 27
Europe Gasoline/Naphtha-Gasoline profit margins rise
LONDON, June 27 (Reuters) - Northwest European gasoline profit margins rose by about a dollar on Friday to $14.12 a barrel. A total of 4,000 metric tons of Eurobob E5 barges traded, as Gunvor sold to Trafigura and TotalEnergies.An additional 3,000 Eurobob E10 barges changed hands with Gunvor selling...Reuters
Fri, Jun 27
