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No impact to Mexico cat bond expected from Hurricane Erick: Twelve Securis
By Henry GaleJune 20 - (The Insurer) - Hurricane Erick is not expected to have triggered any payout on the government of Mexico's parametric catastrophe bond, ILS investment manager Twelve Securis said in a LinkedIn post.Hurricane Erick made landfall as a category three hurricane on Mexico's...Reuters
Fri, Jun 20
EXCLUSIVE-Qatar holds talks with energy companies on risk of Israel-Iran conflict, sources say
Qatar warns of risks to global gas supplyA shutdown of Qatari production could cut 20% of global supplyAsian LNG prices have risen by 11% on supply disruption concernsBy Andrew Mills and Marwa Rashad DOHA/LONDON, June 20 (Reuters) - Qatar held crisis talks this week with energy majors after Israe...Reuters
Fri, Jun 20
US natgas heads for best week in more than a month on hot-weather forecasts
Natgas prices up over 10% for the week Israel struck dozens of military targets overnightFreeport LNG seeks 40-month extension for Train 4 completion By Ashitha Shivaprasad June 20 (Reuters) - U.S. natural gas futures slipped on Friday but headed for its best week in more than a month, steered by...Reuters
Fri, Jun 20
US Supreme Court lets fuel producers challenge California emissions standards
Biden's EPA let California set tougher emissions standardsSupreme Court limited EPA regulatory powers in prior casesBy Andrew Chung WASHINGTON, June 20 (Reuters) - The U.S. Supreme Court sided on Friday with fuel producers that had opposed California's standards for vehicle emissions and ...Reuters
Fri, Jun 20
Indonesia's Prabowo says he wants more Russian involvement in his country's economy
ST PETERSBURG, June 20 (Reuters) - Indonesia wants to see more Russian involvement in its economy, President Prabowo Subianto said on Friday, a day after signing a declaration with President Vladimir Putin on creating a strategic partnership."We know Russian corporations and we would like to see...Reuters
Fri, Jun 20
GLOBAL LNG-Asian spot LNG prices at 4-month high on supply concerns
By Marwa Rashad LONDON, June 20 (Reuters) - Asian spot liquefied natural gas (LNG) prices rose to their highest level in four months this week on concerns over disruptions to supply due to the Israel-Iran conflict.The average LNG price for August delivery into north-east Asia LNG-AS was at $14.00...Reuters
Fri, Jun 20
ArcelorMittal signs deal to sell its steel mill and iron ore mine in Bosnia
SARAJEVO, June 20 (Reuters) - ArcelorMittal, the world's second-largest steelmaker, signed a deal on Friday to sell its steel mill and iron ore mine in Bosnia and Herzegovina to the Bosnia-based Pavgord Group, the company said in a statement.The completion of the deal is planned for the third qu...Reuters
Fri, Jun 20
Pakistan signs $4.5 billion loans with local banks to ease power sector debt
By Ariba ShahidKARACHI, June 20 (Reuters) - Pakistan has signed term sheets with 18 commercial banks for a 1.275 trillion Pakistani rupee ($4.50 billion) Islamic finance facility to help pay down mounting debt in its power sector, government officials said on Friday. The government, which owns or co...Reuters
Fri, Jun 20
Iranian foreign minister slams Israel ahead of Geneva talks
GENEVA, June 20 (Reuters) - Irianian Foreign Minister Abbas Araqchi on Friday called Israel's attacks on nuclear facilities in Iran grave war crimes, speaking at the United Nations in Geneva ahead of talks with European counterparts in the Swiss city.Reuters
Fri, Jun 20
CBOT Trends-Wheat down 4-6 cents, soy up 3-5 cents, corn flat to up 2 cents
CHICAGO, June 20 (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 - Down 4 to 6 centsCBOT wheat eased overnight on profit-taking, traders said, after Israel's war wit...Reuters
Fri, Jun 20
World Bank Group considers $500 million boost for South Africa's transmission expansion
South Africa eyes private sector for transmission revampProposed credit guarantee facility to unlock financeWorld Bank Group considers treasury supportBy Wendell Roelf CAPE TOWN, June 20 (Reuters) - The World Bank Group is considering financing $500 million of South Africa's participation in ...Reuters
Fri, Jun 20
Teck Resources eyes output boost for chipmaking-metal germanium
By Clara Denina LONDON, June 20 (Reuters) - Canada's Teck Resources TECKb.TO is weighing options to expand production of germanium, a strategic metal key to chipmaking, and is currently talking with governments, including Canada and the United States, on available funding, said Doug Brown, VP...Reuters
Fri, Jun 20
EXCLUSIVE-Qatar met with energy majors to discuss risks of Israel-Iran war, sources say
DOHA/LONDON June 20 (Reuters) - Qatar held this week crisis talks with energy majors after Israeli strikes on Iran's huge gas field, which it shares with Qatar, an industry source and a diplomat in the region told Reuters.Doha was asking firms to raise U.S., UK and European governments' awar...Reuters
Fri, Jun 20
Israeli envoy: Geneva talks should demand complete rollback of Iran nuclear programme
GENEVA, June 20 (Reuters) - Israel's ambassador to the United Nations in Geneva Daniel Meron said he expected European foreign ministers to demand a complete rollback of Iran's nuclear programme when they meet their Iranian counterpart later on Friday.Reuters
Fri, Jun 20
Freeport LNG seeks 40-month extension to complete expansion at Texas export plant
June 20 (Reuters) - Freeport LNG has requested a 40-month extension from federal regulators to complete the long-delayed Train 4 expansion at its Texas export facility, aiming to bring the project online by December 1, 2031, according to a filing. In 2020, the U.S. Federal Energy Regulatory Commissi...Reuters
Fri, Jun 20
JERA, Woodside Energy agree on supply deal during winter months
TOKYO, June 20 (Reuters) - Japan's biggest power generator, JERA, and Australia's Woodside Energy WDS.AX have signed a deal for Woodside to supply JERA with liquefied natural gas only during the winter months, the companies said on Friday.The Heads of Agreement was signed at the LNG Producer...Reuters
Fri, Jun 20
PRESS DIGEST-Canada - June 20
June 20 (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** Bank of Montreal BMO.TO is buying Burgundy Asset Management in a C$625 million ($455.97 million) deal, the compan...Reuters
Fri, Jun 20
Premiums for nearby LME copper contracts soar as inventories dwindle
LONDON, June 20 (Reuters) - Premiums for nearby copper contracts on the London Metal Exchange (LME) have jumped to their highest since October 2022 because of low inventories and large holdings of cash contracts and warrants, traders said.Warrants are title documents conferring ownership of metal.Th...Reuters
Fri, Jun 20
PRECIOUS-Gold poised for worst week in a month as US rate cut expectations ease
Gold down 2.5% so far this weekTrump to decide on US action in Israel-Iran war within two weeksGold likely to extend current consolidation phase, analyst saysBy Anushree Mukherjee June 20 (Reuters) - Gold prices fell on Friday and were poised for their worst weekly performance in more than a mont...Reuters
Fri, Jun 20
