News
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Europe Gasoline/Naphtha-Gasoline profit margins fall further
LONDON, June 26 (Reuters) - Northwest European gasoline profit margins fell nearly a dollar on Thursday to $13.15 a barrel, despite lower stocks. A total of 4,000 metric tons of Eurobob E5 barges traded, as Gunvor sold to Trafigura.An additional 3,000 Eurobob E10 barges changed hands with Gunvor sel...Reuters
Thu, Jun 26
Vessels near Strait of Hormuz transmit unusual messages to prevent attacks
Israel, Iran ceasefire remains fragile, maritime threat elevatedVessels transmitting atypical messages to deter attacksElectronic interference affects navigation systemsBy Georgina McCartney and Arathy Somasekhar HOUSTON, June 26 (Reuters) - Vessels near the Strait of Hormuz have been broadcastin...Reuters
Thu, Jun 26
Lithium industry bemoans 'paradox' of low prices, rising demand
Supply for battery metal keeps outpacing rising demandImbalance may persist until at least 2030 Industry conference focused on cost cuttingLithium's future demand seen as solidBy Ernest Scheyder LAS VEGAS, June 26 (Reuters) - An ongoing slide in lithium prices even as demand for the battery m...Reuters
Thu, Jun 26
Canadian funds shelve $6 billion sale of renewables company Cubico, sources say
By Andres Gonzalez and Isla Binnie LONDON/NEW YORK, June 26 - Two Canadian pension funds have halted a long-running auction for renewable energy developer Cubico Sustainable Investments that they had hoped could be valued at more than $6 billion, including debt, three people familiar with the mat...Reuters
Thu, Jun 26
Boeing Recovery Supports Suppliers, Airlines, & EETC Issuances
June 26 (Reuters) - FITCH ON BOEING :FITCH: BOEING’S PRODUCTION IMPROVEMENT ENHANCES STABILITY ACROSS AEROSPACE SUPPLY CHAIN, CAN SUPPORT RECOVERY IN EETC ISSUANCES STARTING 2H25/2026FITCH ON BOEING: EXPECTS 737MAX PRODUCTION RUN RATES TO REACH 38 PER MONTH IN 3Q25FITCH ON BOEING: EXPECTS AIR TRAVEL...Reuters
Thu, Jun 26
Gresham House CEO sees US clients looking to Europe for green investments
Shift comes as Trump administration rows back green policiesAsian investors also look to increase allocations"Natural capital" is an increasing focus for clientsBy Simon Jessop LONDON, June 26 (Reuters) - U.S. and Asian investors are looking to Europe after a pullback in U.S. government s...Reuters
Thu, Jun 26
METALS-Copper pushes to near three-month peak on weak dollar, premiums rebound
By Eric Onstad LONDON, June 26 (Reuters) - Copper prices jumped to their highest level in nearly three months on Thursday, propelled by a weak dollar, concerns over supply and buying by speculators after key technical levels were broken. Three-month copper on the London Metal Exchange CMCU3 gain...Reuters
Thu, Jun 26
Siemens Energy targets US transformer production in 2027, can further expand factory
Siemens Energy could further expand Charlotte plant if neededTaking long-term view on US market, CFO saysBig US tariff hike would spark review of expected policy impactBy Christoph Steitz ERLANGEN, Germany, June 26 (Reuters) - Siemens Energy ENR1n.DE is expecting to start U.S. production of big i...Reuters
Thu, Jun 26
Congo drops demand for immediate Rwandan troop pullout, sources say
Peace deal expected to be signed in Washington on FridaySources say new terms call for Rwanda's gradual withdrawalUS seeks end to conflict, access to critical mineralsBy Sonia Rolley June 26 (Reuters) - Congolese negotiators have dropped a demand that Rwandan troops immediately leave eastern ...Reuters
Thu, Jun 26
Brazil's oil auction beats revenue forecast as Petrobras secures major lots
SAO PAULO, June 26 (Reuters) - Brazil held a highly anticipated auction for oil from its pre-salt region on Thursday, with state-run Petrobras PETR4.SA emerging as the big winner in the sale set to bring in revenues of 28 billion reais ($5.08 billion). The amount exceeded initial government f...Reuters
Thu, Jun 26
Duke Energy says summer power usage record of 35,269 MWh set on Tuesday
June 26 (Reuters) - Duke Energy DUK.N said on Thursday that it had set a preliminary new combined utility system summer usage record of 35,269 megawatt hours (MWh) on Tuesday.The company said that the new record surpassed the previous summertime record of 34,439 MWh set on July 9, 2024. Duke Energy...Reuters
Thu, Jun 26
Epic hires industry veteran Pierce as senior adviser for natural resources practice
By Isha MaratheJune 26 - (The Insurer) - Epic Insurance Brokers & Consultants has hired marine and energy market veteran James Pierce as a senior adviser to support the strategic growth and development of its natural resources practice.Pierce will help shape the strategic direction of Epic’s na...Reuters
Thu, Jun 26
EU wheat extends slide as euro and harvest weigh
PARIS, June 26 (Reuters) - European wheat futures fell further on Thursday to reach new contract lows as more gains for the euro hurt export sentiment, while expectations of large Northern Hemisphere crops offset concerns about hot weather in France.September wheat BL2U5 on Euronext was down 0.9% at...Reuters
Thu, Jun 26
US farm agency finds safety issues at top research site after whistleblower complaints
USDA investigation finds pervasive safety deficiencies at research facilityDeclining investment threatens US agricultural innovation, experts warnCorrective actions include hiring new director, modernizing facility buildingsBy Leah Douglas WASHINGTON, June 26 - The Department of Agriculture found...Reuters
Thu, Jun 26
ARA gasoil stocks fall 10%, Insights Global data shows
LONDON, June 26 (Reuters) - Gasoil stocks, which include diesel, that are independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub fell on the week to their lowest since February 2024, data from Dutch consultancy Insights Global showed on Thursday, on a lack of imports an...Reuters
Thu, Jun 26
Gold’s silently repricing the US Dollar – TDS
The US Dollar (USD) is partly losing its store-of-value function — a macro theme that has already occurred many times through history. Gold is capturing a portion of that store-of-value function, TDS' Senior Commodity Strategist Daniel Ghali notes.
Fxstreet
Thu, Jun 26
Petrobras scoops up two big lots in Brazil's oil auction
SAO PAULO, June 26 (Reuters) - Petrobras PETR4.SA on Thursday acquired two of the most coveted lots in an oil auction held by Brazil's state-run PPSA, securing a total of 31.5 million barrels of oil from the Mero field, located in the country's pre-salt region.Norways's Equinor EQNR.OL s...Reuters
Thu, Jun 26
Russia captures village in eastern Ukraine near lithium deposit, Russian-backed official says
MOSCOW, June 26 (Reuters) - Russian troops have taken control of a village in eastern Ukraine which is close to a lithium deposit after fierce resistance from Ukrainian forces, a Russian-backed official said on Thursday. The village of Shevchenko is located in Donetsk, one of four Ukrainian regio...Reuters
Thu, Jun 26
