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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
METALS-Copper slips from three-month peak on Chinese data
By Eric Onstad LONDON, June 27 (Reuters) - Copper prices slipped on Friday from a three-month peak after weak data in top metals consumer China and some profit-taking, but losses were modest due to underlying tightness and buoyant premiums.London Metal Exchange benchmark three-month copper CMCU3 ...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+ talksLONDON/MOSCOW/DUBAI, June 27 (Reuters) - The world's largest group of oil producers, OPEC+, is set to make another big increase of ...Reuters
Fri, Jun 27
Brazil's Vale defines part of Carajas investment plan execution
SAO PAULO, June 27 (Reuters) - Brazil's Vale VALE3.SA, one of the world's largest iron ore producers, has defined 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 discussed details o...Reuters
Fri, Jun 27
Putin: OPEC+ projects rising oil demand, especially in summer
Putin: oil demand is risingOPEC+ has sped up oil output increase MOSCOW, June 27 (Reuters) - Russian President Vladimir Putin said on Friday the OPEC+ group of leading oil producers including Russia projects rising global demand especially in the summer months, in comments suggesting the bloc may...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 was up 0.8% at 196.75 euros per metric ton at 1457 GMT, breaking...Reuters
Fri, Jun 27
AM Best: Hurricane Erick insured losses in Mexico 'well below' 2023's Otis
By Isha MaratheJune 27 - (The Insurer) - The initial estimated insurance industry losses for Hurricane Erick, which made landfall along Mexico's Pacific Coast last week, will mainly be for business interruption losses from prolonged power outages, flooding, and food shortages, AM Best said. Hur...Reuters
Fri, Jun 27
Middle East unrest rattles Brazil grain farmers, inputs market
Farmers fret over uncertain corn export demand Global tensions stall input sales in Brazil's interiorBrazil's corn faces stiff competitionBy Ana Mano SAO PAULO, June 27 (Reuters) - Tensions in the Middle East, home to large food importers and strategic fertilizer suppliers like Iran, have...Reuters
Fri, Jun 27
Putin: OPEC+ assumes oil demand is rising
MOSCOW, June 27 (Reuters) - Russian President Vladimir Putin said on Friday that the OPEC+ group of leading oil producers, which included Russia, assumed that global oil demand was rising.At a televised meeting with reporters, Putin also said that crude oil and oil products demand was on the rise wo...Reuters
Fri, Jun 27
Iran's unrest rattles Brazil grain farmers, inputs market
Farmers fret over uncertain corn export demand Global tensions stall input sales in Brazil's interiorBrazil's corn faces stiff competitionBy Ana Mano SAO PAULO, June 27 (Reuters) - Tensions in the Middle East, home to large food importers and strategic fertilizer suppliers like Iran, have...Reuters
Fri, Jun 27
US natgas prices climb 3% on slow 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 climbed about 3% on Friday as the amount of gas flo...Reuters
Fri, Jun 27
US says deal with Beijing will expedite rare earth exports from China
China had committed to removing non-tariff countermeasures in May talksChina's dual-use restrictions slow rare earth licensing processTrump says there might be a separate deal with IndiaBy Nandita Bose and David Lawder WASHINGTON, June 27 (Reuters) - The United States and China have resolved ...Reuters
Fri, Jun 27
CBOT Trends-Wheat up 4-5 cents, corn up 4-6, soybeans steady-up 3
CHICAGO, June 27 (Reuters) - The following are U.S. expectations for the resumption of grain and soy complex trading at the Chicago Board of Trade at 8:30 a.m. CDT (1330 GMT) on Friday. WHEAT - Up 4 to 5 centsCBOT wheat rose, supported by gains in wider financial markets and signs of progress in...Reuters
Fri, Jun 27
Central banks intend to buy more Gold – Commerzbank
Gold remains in high demand among central banks. According to a survey published a few days ago by the Official Monetary and Financial Institutions Forum (OMFIF), a third of the 75 central banks surveyed plan to buy Gold in the next 1-2 years, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Fri, Jun 27
RPT-BREAKINGVIEWS-Why green investors keep getting carried away
By Edward Chancellor LONDON, June 26 (Reuters Breakingviews) - To paraphrase Mark Twain, speculative bubbles don’t repeat themselves, but they often rhyme. The green technology boom that has imploded over the past three years is remarkably similar to the alternative energy bubble that inflated pr...Reuters
Fri, Jun 27
Tight US Oil market prevents further price slide – Commerzbank
This week's inventory report from the US Energy Information Administration is likely to have played a major role in preventing Oil prices from slipping noticeably below the level seen before the escalation of the Middle East conflict, Commerzbank's commodity analyst Barbara Lambrecht notes.Fxstreet
Fri, Jun 27
GLOBAL LNG-Asian spot LNG prices fall as supply distuption risk fades
By Marwa RashadLONDON, June 27 (Reuters) - Asian spot liquefied natural gas (LNG) prices fell this week from a four-month high as a ceasefire between Israel and Iran reduced the risk of supply disruption. The average LNG price for August delivery into north-east Asia LNG-AS was at $13.10 per million...Reuters
Fri, Jun 27
US confident magnets will flow after rare earth deal with China, Treasury secretary says
WASHINGTON, June 27 (Reuters) - U.S. Treasury Secretary Scott Bessent said on Friday he was confident magnets would flow from China after Washington reached a rare earth deal with Beijing."I am confident now that we as agreed, the magnets will flow," Bessent said in an interview with Fox Bus...Reuters
Fri, Jun 27
