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VEGOILS-Palm logs highest daily fall in over 2 months on weak rival oils, crude prices
JAKARTA/KUALA LUMPUR, June 24 (Reuters) - Malaysian palm oil futures declined more than 3% on Tuesday, snapping a four-day rally, as weaker rival Chicago soyoil and crude oil prices weighed on the market after a ceasefire deal between Israel and Iran eased tensions in the region. The benchmark palm...Reuters
Tue, Jun 24
Merz says EU can defend its interests if no solution found to US trade dispute
BERLIN, June 24 (Reuters) - German Chancellor Friedrich Merz said on Tuesday that the EU has a range of options at its disposal should a solution to the trade conflict with the United States prove impossible, though he was confidence a solution could be found by early July."My impression from ta...Reuters
Tue, Jun 24
Gold Price Forecast: XAU/USD slides below 20-day EMA as Israel-Iran call ceasefire
Gold price (XAU/USD) plummets to near $3,320 during the European trading session on Tuesday. The yellow metal faces a sharp selling pressure as safe-haven assets are underperforming after the announcement of a ceasefire between Israel and Iran.
Fxstreet
Tue, Jun 24
Iran Strikes US Military Base, Yet Oil Prices Drop Sharply! Experts Suspect It Was Staged
TradingKey - On Monday, local time, Iran launched an attack on a US Air Force base in Qatar in retaliation for US strikes on its nuclear facilities. Notably, Iran has yet to take any actions to disrupt the transit of oil and gas tankers through the Strait of Hormuz.
TradingKey
Tue, Jun 24
Asia Naphtha/Gasoline-Naphtha prices plunge after Brent sinks
NEW DELHI, June 24 (Reuters) - Asia's naphtha prices tanked on Tuesday in tandem with crude oil benchmarks, which slumped 5% after Israel agreed to U.S. President Donald Trump's proposal for a ceasefire with Iran.The price for first-half August naphtha fell by $56 to $592.75 per metric and i...Reuters
Tue, Jun 24
Kremlin rejects charge it did little to help Iran
By Dmitry Antonov MOSCOW, June 24 (Reuters) - The Kremlin on Tuesday pushed back against criticism that it had not done enough to back Iran, saying it had taken a "clear position" by condemning U.S. and Israeli strikes on the Islamic Republic.President Vladimir Putin has condemned what he...Reuters
Tue, Jun 24
Iranian president expresses regret to Qatar emir after US base attack, Qatari PM says
DUBAI, June 24 (Reuters) - Iranian President Masoud Pezeshkian expressed regret in a phone call with Qatar's Emir Sheikh Tamim bin Hamad Al-Thani that Tehran's target in retaliation for U.S. strikes was a military base in Qatar, Sheikh Mohammed bin Abdulrahman Al Thani, Qatar's prime min...Reuters
Tue, Jun 24
EUROPE GAS-Prices fall over 10% on Iran-Israel ceasefire news
June 24 (Reuters) - Dutch and British wholesale gas prices across the board fell more than 10% on Tuesday morning on news that Iran and Israel have agreed a ceasefire, removing the risk premium the market had priced in for potential oil and gas supply disruptions.The benchmark Dutch front-month cont...Reuters
Tue, Jun 24
Japan's industry ministry, Siemens Gamesa agree to cooperate on wind power
New framework aimed at building domestic supply chainsTDK will supply magnets for Siemens Gamesa's wind turbinesMETI launched similar agreement with GE Vernova earlier in JuneBy Yuka Obayashi TOKYO, June 24 (Reuters) - Japan announced a cooperation framework with Siemens Gamesa Renewable Ener...Reuters
Tue, Jun 24
Middle East Crude-Oman and Dubai move lower amid thin trading
SINGAPORE, June 24 (Reuters) - Middle East crude benchmark spot premiums of Oman and Dubai declined for a second session on Tuesday, while that of Murban edged up.Trade remained light as caution over Middle East tension continued, the latest development being Israeli Defence Minister Israel Katz sai...Reuters
Tue, Jun 24
China doubles 2025 naphtha import quotas, sources say
NEW DELHI/SINGAPORE, June 24 (Reuters) - China has issued a second batch of 2025 naphtha import quotas, nearly doubling last year's allocations, as demand rises due to disruptions in U.S. supplies of cheaper alternatives propane and ethane as well as new cracker startups, six trade sources said...Reuters
Tue, Jun 24
Russia's Putin holds phone call with Bahrain's King, TASS reports
MOSCOW, June 24 (Reuters) - Russian President Vladimir Putin held a phone call on Tuesday with King Hamad bin Isa Al Khalifa of Bahrain and the two leaders spoke in favour of restoring peace in the Middle East as soon as possible, Russian state news agency TASS reported.Reuters
Tue, Jun 24
Kremlin says Russia supported Iran with 'clear stance' condemning US and Israeli strikes
MOSCOW, June 24 (Reuters) - The Kremlin said on Tuesday that Russia had supported Iran "with its clear position" on condemning U.S. and Israeli strikes on Iranian nuclear facilities and that Moscow intended to further develop its ties with Tehran. Kremlin spokesman Dmitry Peskov was respon...Reuters
Tue, Jun 24
Lavrov says Russia favours Israel-Iran ceasefire, but hard to say if it will last
MOSCOW, June 24 (Reuters) - Russian Foreign Minister Sergei Lavrov said on Tuesday that Moscow was in favour of a ceasefire between Israel and Iran but it was hard to tell if would last."It is very difficult to make any final conclusions now and get a clear picture," Lavrov said, in Russia&#...Reuters
Tue, Jun 24
Kazakhstan sees Tengiz oil output rising to 35.7 million T in 2025
ALMATY, June 24 (Reuters) - Kazakhstan's state energy company KazMunayGaz raised on Tuesday its forecast for oil output at the Chevron-led CVX.N Tengiz oilfield, the country's largest, to 35.7 million metric tons in 2025 from 34.8 million tons expected previously, as it boosts output. Kazak...Reuters
Tue, Jun 24
WTI trades lower around $66.00, downside appears further due to easing supply concerns
West Texas Intermediate (WTI) Oil price extends its losses for the second successive day, trading around $66.30 during the European hours on Tuesday. Crude Oil prices lose ground due to easing concerns over supply disruptions, driven by the ceasefire agreement between Israel and Iran.Fxstreet
Tue, Jun 24
EUROPE GAS-Prices fall over 10% on Iran-Israel ceasefire news
June 24 (Reuters) - Dutch and British wholesale front-month gas prices fell more than 10% on Tuesday morning on news that Iran and Israel have agreed a ceasefire, removing the risk premium the market had priced in for potential oil and gas supply disruptions.The benchmark Dutch front-month contract ...Reuters
Tue, Jun 24
