News
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Guyana's oil output rose to 667,000 bpd in May, government says
By Kemol King GEORGETOWN, June 24 (Reuters) - Guyana's oil output rose to 667,000 barrels per day in May from 611,000 bpd in April, fueled by increases at two of the three production facilities operated by U.S. major Exxon Mobil XOM.N, the government said in a bulletin seen by Reuters on Tues...Reuters
Tue, Jun 24
CBOT wheat falls on harvest pressure, favorable weather
CHICAGO, June 24 (Reuters) - Chicago Board of Trade wheat sank on Tuesday on pressure from the ongoing harvest in the U.S. Plains and Black Sea as well as a lack of weather threats, analysts said.CBOT September soft red winter wheat WU25 settled down 17-1/2 cents at $5.52 per bushel. K.C. September ...Reuters
Tue, Jun 24
Oil prices drop 6% as Israel-Iran ceasefire reduces Middle East supply risk
US President Trump accuses both sides of violating ceasefireAnalysts see less risk to Middle East oil suppliesTrump says China can continue to purchase oil from IranBy Scott DiSavino NEW YORK, June 24 (Reuters) - Oil prices fell 6% on Tuesday to settle at a two-week low, on expectations the cease...Reuters
Tue, Jun 24
Iranian air defences activated against drones in Tabriz, Iranian media reports
June 24 (Reuters) - Iranian air defences were activated on Tuesday evening against drones in the northwestern city of Tabriz, two Iranian news sites reported, amid a shaky ceasefire between Israel and Iran.There was no official confirmation from Iranian authorities.Reuters
Tue, Jun 24
GRAINS-Chicago wheat falls on harvest pressure; corn hits contract lows
Wheat lower on harvest pressure, lack of weather threatsCorn at contract lows on easing weather threats, technical sellingSoybeans tick down on falling soyoil, crude oil pricesBy Heather Schlitz CHICAGO, June 24 (Reuters) - Chicago wheat futures sank on Tuesday on pressure from the ongoing harves...Reuters
Tue, Jun 24
US Senate adjusting rooftop solar language in budget bill, senator says
WASHINGTON, June 24 (Reuters) - The U.S. Senate is working on adjustments to a tax credit to incentivize residential rooftop solar energy that had been eliminated in the House of Representatives and Senate Finance Committee versions, Senator Kevin Cramer of North Dakota said on Tuesday.Cramer, a Rep...Reuters
Tue, Jun 24
US natgas prices fall 4% along with weaker oil despite brutal heat wave
Utilities keep injecting more gas into storage than normalHeat boosts power prices to highest since JanuaryCheniere Sabine LNG export plant exiting maintenanceBy Scott DiSavino June 24 (Reuters) - U.S. natural gas futures fell about 4% to a one-week low on Tuesday on rising output so far this mon...Reuters
Tue, Jun 24
CBOT corn falters on favorable weather, ample supplies
CHICAGO, June 24 (Reuters) - Chicago Board of Trade front-month corn futures hit lifetime lows on Tuesday on expectations of ample corn stockpiles. Back-month contracts also settled down. CBOT September corn CU25 settled down 5-1/4 cents at $4.12-1/4 a bushel, hitting a contract low of $4.11-3/4 per...Reuters
Tue, Jun 24
CBOT soybeans fall on weaker soyoil, crude oil futures
CHICAGO, June 24 (Reuters) - Chicago Board of Trade soybean futures fell on Tuesday on spillover weakness from soyoil and crude oil futures. CBOT August soybeans SX25 ended 11-3/4 cents lower at $10.50-1/4 a bushel. CBOT December soyoil BOZ25 ended down 1.1 cents at 52.25 cents per pound and August...Reuters
Tue, Jun 24
US cities face record high temperatures on worst day of heat wave
Boston, Washington expected to surpass 100 degree F (37.8 C)Amtrak slowing train speeds, delaying travel NYC voters turn out in scorching heat to cast ballots By Patrick WingroveJune 24 (Reuters) - Tens of millions of people in major cities across the U.S. Northeast are facing record high temperatur...Reuters
Tue, Jun 24
EQT Corp Achieves Net Zero Scope 1, Scope 2 Greenhouse Gas Emissions
June 24 (Reuters) - EQT Corp EQT.N:SAYS IN ITS 2024 ESG REPORT THAT COMPANY ACHIEVED 67% REDUCTION IN SCOPE 1 GHG EMISSIONS FOR HISTORICAL PRODUCTION ASSETS SINCE 2018 SAYS IT BECAME WORLD'S FIRST LARGE-SCALE TRADITIONAL ENERGY COMPANY TO REACH NET ZERO ON A SCOPE 1 AND SCOPE 2 BASIS ACROSS UPST...Reuters
Tue, Jun 24
Coterra Energy to hold Permian rig count steady as oil market fears ease
June 24 (Reuters) - U.S. oil and gas producer Coterra Energy CTRA.N will hold its rig count steady at nine in the Permian Basin, CEO Tom Jorden said Tuesday, reversing earlier plans to scale back activity as the company grows more confident in the outlook for oil prices.In May, Coterra announced it ...Reuters
Tue, Jun 24
Gold plunges below $3,350 as Powell pushes back on rate cuts
Gold price tumbled below $3,350 on Tuesday amid broad US Dollar weakness, as US Federal Reserve Chair Jerome Powell pushed back against reducing borrowing costs, reiterating that the impact of tariffs on inflation remains uncertain. At the time of writing, XAU/USD trades at $3,315, down over 1.50%.
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Tue, Jun 24
GRAINS-Chicago wheat falls on harvest pressure; corn hits contract lows
Wheat lower on harvest pressure, lack of weather threatsCorn at contract lows on easing weather threats, technical sellingSoybeans tick down on falling soyoil, crude oil pricesBy Heather Schlitz CHICAGO, June 24 (Reuters) - Chicago wheat futures sank on Tuesday on pressure from the ongoing harves...Reuters
Tue, Jun 24
Iran says it has not yet reopened its airspace
June 24 (Reuters) - Iran has not yet reopened its airspace, the Young Journalists' Club media website reported on Tuesday, citing statements by the spokesperson for the country's roads and urban development ministry.The spokesperson said no decision had been made in this regard.Flight-tracki...Reuters
Tue, Jun 24
US Cash Grains-Soybean basis bids steady to higher
CHICAGO, June 24 (Reuters) - Soybean basis bids were flat to higher at processing facilities around the U.S. Midwest on Tuesday as dealers tried to re-engage farmers, according to analysts. ADM raised its basis by 40 cents at a processor in Decatur, Illinois to try to coax beans from farmers as futu...Reuters
Tue, Jun 24
EU wheat slides as war fears fade, harvest nears
PARIS, June 24 (Reuters) - Euronext wheat futures fell sharply on Tuesday as a tentative ceasefire between Israel and Iran eased war worries while the run-up to what are expected to be large Northern Hemisphere harvests maintained supply pressure, traders said.September wheat BL2U5 on Euronext settl...Reuters
Tue, Jun 24
Europe Gasoline/Naphtha-Gasoline profit margins tumble
LONDON, June 24 (Reuters) - Northwest European gasoline profit margins lost $3.70 a barrel to $15.69 on Tuesday, as exports are set to fall in June, according to data from ship tracking firm Kpler.A total of 6,000 metric tons of Eurobob E5 barges traded, as Gunvor sold to Trafigura.A further 16,000 ...Reuters
Tue, Jun 24
Iranian president says ready to resolve issues with US in call with Saudi crown prince
CAIRO, June 24 (Reuters) - Iranian President Masoud Pezeshkian said Tehran was ready to resolve issues with the U.S. based on international frameworks, in comments in a phone call with Saudi Crown Prince Mohammed bin Salman, Iran's official news agency IRNA reported on Tuesday.The call comes a d...Reuters
Tue, Jun 24
