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Citi sees oil prices of $75-$78/bbl if war disrupts 1.1 mln bpd of Iran's oil exports
June 19 (Reuters) - An escalation of the Iran-Israeli hostilities could keep Brent oil prices trading about 15% to 20% above pre-conflict levels if the war disrupts 1.1 million barrels per day (bpd) of Iranian oil exports, analysts at Citibank said on Thursday. "This implies Brent price...Reuters
Thu, Jun 19
IAEA continues monitoring Israeli attacks on Iran's nuclear sites
June 19 (Reuters) - The International Atomic Energy Agency (IAEA) said on Thursday that it is continuing to closely monitor and assess the situation regarding the Israeli attacks on nuclear sites in Iran.Earlier in the day, the U.N. nuclear watchdog said it had information that Iran's Khondab he...Reuters
Thu, Jun 19
Israel restarts limited gas exports amid ongoing conflict, Egypt still waiting
CAIRO, June 19 (Reuters) - Israel has resumed limited natural gas exports from surplus supplies, the country's Energy Ministry said on Thursday, nearly a week after shutting down two key offshore fields as Israel and Iran waged an air battle.A ministry spokesperson told Reuters that exports are ...Reuters
Thu, Jun 19
Gold climbs above $3,370 despite Fed turning hawkish, US eyes Iran strike
Gold price registers modest gains on Thursday as geopolitical tensions rose due to increasing rumors that the United States (US) might become involved in the Israel–Iran conflict. Nevertheless, a slightly hawkish Federal Reserve (Fed) caps the golden metal's advance.
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Thu, Jun 19
JP Morgan says Strait of Hormuz closure could trigger a sustained oil price shock
June 19 (Reuters) - JP Morgan believes that a Strait of Hormuz closure would likely trigger a sustained oil price shock that will reverberate through global macro developments, the bank said in a note.It said that in the most extreme case of a broader regional conflagration that includes the closure...Reuters
Thu, Jun 19
EXPLAINER-What are the nuclear contamination risks from Israel's attacks on Iran?
June 19 (Reuters) - Israel says it is determined to destroy Iran's nuclear capabilities in its military campaign, but that it also wants to avoid any nuclear disaster in a region that is home to tens of millions of people and produces much of the world's oil.Fears of catastrophe rippled thro...Reuters
Thu, Jun 19
Canada to address unfair trade in steel and aluminum sectors, says Carney
OTTAWA, June 19 (Reuters) - Canada will soon adopt tariff measures to address risks associated with persistent global overcapacity and unfair trade in the steel and aluminum sectors, Prime Minister Mark Carney told reporters on Thursday.Reuters
Thu, Jun 19
Soccer-Club World Cup clash halted because of storm threat
EAST RUTHERFORD, N.J., , June 19 (Reuters) - The Club World Cup clash between Al Ahly of Egypt and Brazil’s Palmeiras was halted after an hour’s play at the MetLife Stadium on Thursday because of an expected storm, the second time a match has been interrupted in the tournament due to the weather. Re...Reuters
Thu, Jun 19
Citi sees oil prices of $75-$78/bbl if war disrupts 1.1 mln bpd of Iran's oil exports
June 19 (Reuters) - Analysts at Citibank said on Thursday they expect escalation of the Iran-Israeli conflict could boost Brent crude oil prices by about 15% to 20% from the pre-conflict average of $65 per barrel, if the war disrupts 1.1 million barrel per day (bpd) of Iranian oil exports."This ...Reuters
Thu, Jun 19
EU wheat holds firm, rapeseed hits 500 euros as war and weather risks weigh
PARIS/HAMBURG, June 19 (Reuters) - European wheat edged up on Thursday, adding to sharp gains from a day earlier, as investor worries about the war between Israel and Iran as well as adverse weather in some Northern Hemisphere wheat belts encouraged more short-covering.September wheat BL2U5 on Euron...Reuters
Thu, Jun 19
IAEA says Ukraine's Zaporizhzhya nuclear plant cannot restart during war, cooling and power issues
June 19 (Reuters) - The International Atomic Energy Agency said on Thursday that the Zaporizhzhya Nuclear Power Plant in Ukraine cannot resume operations until challenges related to the availability of cooling water and off-site power are fully resolved. "Based on the discussions at the site thi...Reuters
Thu, Jun 19
Europe Gasoline/Naphtha-Gasoline profit margins rise
LONDON, June 19 (Reuters) - Northwest European gasoline profit margins rose by $1.47 to $14.34 a barrel on Thursday despite higher stocks.A total of 8,800 metric tons of Eurobob E5 barges traded, with Varo, Gunvor, Exxon and Vitol selling to Trafigura, BP, BMV and MB Energy.A further 7,000 tons of E...Reuters
Thu, Jun 19
India restricts import of gold infused metals
June 19 (Reuters) - India has imposed curbs on imports of palladium, rhodium and iridium alloys containing more than 1% gold by weight, the government said on Thursday.The government also restricted imports of colloidal metals and certain chemical compounds to prevent gold from entering the country ...Reuters
Thu, Jun 19
METALS-Copper hits near one-week low on stronger dollar, growth fears
By Ashitha Shivaprasad June 19 (Reuters) - Copper prices touched a near one-week low on Thursday and other base metals also slipped, dragged down by a strong dollar and mounting global growth fears amid the war between Israel and Iran. The LME's three-month copper CMCU3 was down 0.4% at $9,61...Reuters
Thu, Jun 19
Putin hosts Indonesia's Prabowo in Russia in bid to deepen ties
ST PETERSBURG, Russia, June 19 (Reuters) - Indonesian President Prabowo Subianto held talks with President Vladimir Putin in the northern Russian city of St Petersburg on Thursday after which the duo signed a declaration on a strategic partnership between the two nations, the Kremlin said.The deepen...Reuters
Thu, Jun 19
ARA gasoil stocks rise 2%, Insights Global data shows
LONDON, June 19 (Reuters) - Gasoil stocks, which include diesel, that are independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose on the week, data from Dutch consultancy Insights Global showed on Thursday, amid a drop in inland demand. Gasoil stocks rose around 2% ...Reuters
Thu, Jun 19
ANALYSIS-Oil, war and tariffs tear up markets' central bank roadmap
Norway delivers surprise 25 bps rate cutDiverging central banks another headwind for marketsNew status quo in markets could be era of central bank surprisesBy Naomi Rovnick and Dhara Ranasinghe LONDON, June 19 (Reuters) - Investor unease about an increasingly uncertain environment is rising, as N...Reuters
Thu, Jun 19
Chevron Pasadena, Texas Refinery Reports Equipment Leak
June 19 (Reuters) - CHEVRON: PASADENA, TEXAS REFINERY REPORTS EQUIPMENT LEAKREPORTS REDUCED OPERATING RATES TO STOP PROCESS FLOW THROUGH LINE AND ISOLATE LEAKING EQUIPMENTREFINERY CAPACITY: 112,229 BARRELS PER DAY SOURCE: TEXAS COMMISSION ON ENVIRONMENTAL QUALITY FILINGReuters
Thu, Jun 19
