News
Important Only
METALS-Copper rises on Middle East truce
By Polina Devitt LONDON, June 25 (Reuters) - Copper prices rose on Wednesday supported by a tentative ceasefire between Iran and Israel, which improved the overall market sentiment, with the metals market attention shifting to a sharp fall in premiums for nearby copper contracts.Three-month coppe...Reuters
Wed, Jun 25
REFILE-Iranian military chief Shadmani dies of wounds from Israeli strikes, state media say
CAIRO, June 25 (Reuters) - The head of Iran's Revolutionary Guards command centre, Ali Shadmani, died of wounds sustained during Israel's military strikes on the country, Iranian state media said on Wednesday.The guards' command centre vowed "harsh revenge" for his killing, state...Reuters
Wed, Jun 25
Chilean lithium miner SQM begins laying off 5% of local workforce
SANTIAGO, June 25 (Reuters) - Chilean lithium miner SQM SQMA.SN has begun laying off workers in its Chilean operations, according to a union memo to workers seen by Reuters on Wednesday. A union source said the dismissals would amount to 5% of its workforce nationwide. SQM employs 8,344 people in Ch...Reuters
Wed, Jun 25
Trump signals US may need to ease Iran oil sanctions to help rebuild country
By Jeff Mason THE HAGUE, June 25 (Reuters) - President Donald Trump said on Wednesday that the U.S. has not given up its maximum pressure on Iran - including restrictions on sales of Iranian oil - but signaled a potential easing in enforcement to help the country rebuild. "They're going t...Reuters
Wed, Jun 25
US gasoline demand rose last week to highest since December 2021, EIA data shows
NEW YORK, June 25 (Reuters) - U.S. product supplied of gasoline rose to 9.6 million bpd in the week ended June 20, the highest since December 2021, data from the Energy Information Administration showed on Wednesday.Product supplied, EIA's measure of demand, rose 389,000 barrels per day last wee...Reuters
Wed, Jun 25
Shut Three Mile Island nuclear plant may restart in 2027, owner says
Constellation fast-tracks Three Mile Island restart for Microsoft data centersPJM Interconnection expedites grid connection for select projectsNuclear power interest resurges amid U.S. electricity demand growthBy Laila Kearney THREE MILE ISLAND, Pennsylvania, June 25 (Reuters) - The former Three ...Reuters
Wed, Jun 25
World Bank to give Syria $146 million to improve electricity supply
DUBAI, June 25 (Reuters) - The World Bank has approved a $146 million grant to help Syria restore reliable, affordable electricity and support the country's economic recovery, it said in a statement on Wednesday.After 14 years of war, Syria's electricity infrastructure has suffered severe da...Reuters
Wed, Jun 25
Black Lion submits $8 billion cash bid for Citgo's parent, filing says
HOUSTON, June 25 (Reuters) - Black Lion Citgo Group, an affiliate of private equity firm Black Lion Capital Advisors, submitted a $8-billion all-cash bid for the parent of Venezuela-owned refiner Citgo Petroleum as part of a court-organized auction of shares, the company said in a court filing relea...Reuters
Wed, Jun 25
US natgas prices ease 1% to 1-week low on rising output, ample storage supplies
July gas futures to expire on ThursdayGas stockpiles seen at 6% above normal for this time of yearPower demand hit highest since August 2024 on TuesdayBy Scott DiSavino June 25 (Reuters) - U.S. natural gas futures eased about 1% to a one-week low on Wednesday on rising output so far this month th...Reuters
Wed, Jun 25
Deals of the day-Mergers and acquisitions
June 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Wednesday: ** Santander said it had agreed to sell seven branches in the Allentown, Pennsylvania area to U.S.-based Community Bank as the Spanish lender pivots to...Reuters
Wed, Jun 25
CBOT Trends-Wheat down 3-4 cents, corn down 3-4 cents, soy down 3-5 cents
CHICAGO, June 25 (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 Wednesday. WHEAT - Down 3 to 4 centsCBOT wheat eased on ample global supplies as a ceasefire held in the conflict betw...Reuters
Wed, Jun 25
UN nuclear chief says it's possible Iran's highly enriched uranium 'is there'
Full extent of damage to nuclear facilities is unclearIAEA must determine how much enriched uranium remainsGrossi wants to resume inspections of nuclear facilitiesIran's parliament votes to suspend IAEA inspectionsBy Francois Murphy VIENNA, June 25 (Reuters) - There is a chance that much of I...Reuters
Wed, Jun 25
WEC Energy postpones coal power plant retirement as power demand surges
June 25 (Reuters) - We Energies, a unit of utility WEC Energy WEC.N, plans to extend the operating period of units 7 and 8 at the Oak Creek coal-fired power plant in Wisconsin through the end of 2026, it said on Wednesday.The plant, which was scheduled to retire at the end of 2025, is now expected t...Reuters
Wed, Jun 25
Energy Transfer expands on Lake Charles LNG supply deal with Chevron
June 25 (Reuters) - Pipeline operator Energy Transfer ET.N said on Wednesday it will supply U.S. oil major Chevron CVX.N with an additional 1 million tonnes per annum (mtpa) of liquefied natural gas from its Lake Charles LNG export facility.The 20-year agreement brings the total volume of LNG supply...Reuters
Wed, Jun 25
US and Iran disagree on scale of damage to nuclear facilities from US strikes, Kremlin aide says
MOSCOW, June 25 (Reuters) - The United States and Iran disagree when it comes to how much damage U.S. air strikes caused to Iranian nuclear facilities, Kremlin foreign policy aide Yuri Ushakov said on Wednesday.Ushakov said Moscow welcomed the ceasefire between Iran and Israel and hoped it lasted an...Reuters
Wed, Jun 25
PRESS DIGEST-Canada - June 25
June 25 (Reuters) - The following are the top stories from selected Canadian newspapers. Reuters has not verified these stories and does not vouch for their accuracy.THE GLOBE AND MAIL** Unifor, the union representing thousands of striking DHL Express Canada workers, is alleging that the delivery gi...Reuters
Wed, Jun 25
Israel's gas fields resume operations after shutdown during Iran conflict
Leviathan gas field has begun process of resuming operationsKarish field has also restarted after security checksEgypt will resume pumping gas to factories on FridayBy Steven Scheer and Mohamed Ezz JERUSALEM/CAIRO, June 25 (Reuters) - Israel's two natural gas fields that supply Egypt and Jord...Reuters
Wed, Jun 25
ByteDance Purchases more than 100,000 Units of The Rubicon Carbon Tonne®
June 25 (Reuters) - BYTEDANCE PURCHASES MORE THAN 100,000 UNITS OF RUBICON CARBON’S FLAGSHIP PRODUCT, THE RUBICON CARBON TONNE®RUBICON CARBON: BYTEDANCE PURCHASED RIGHT TO RETIRE MORE THAN 100,000 TONNES OF CARBON CREDITSReuters
Wed, Jun 25
