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METALS-Copper steady ahead of Fed decision, focus on Middle East
By Pratima Desai LONDON, June 18 (Reuters) - Copper prices steadied on Wednesday due to a softer dollar ahead of a Federal Reserve decision on U.S. interest rates while the escalating conflict in the Middle East and its impact on growth and demand dominated the mood.Benchmark copper CMCU3 on the ...Reuters
Wed, Jun 18
Ships advised to keep their distance from Iran around Hormuz Strait
Ships advised to avoid Iranian waters due to Israel-Iran conflictIran in past threatened Hormuz closure, affecting trade and oil pricesElectronic interference and elevated maritime threat level reportedBy Jonathan Saul and Renee Maltezou LONDON, June 18 (Reuters) - Commercial ships are sailing cl...Reuters
Wed, Jun 18
TABLE-US generated more ethanol, less biodiesel blending credits in May, EPA says
NEW YORK, June 18 (Reuters) - The U.S. generated more ethanol blending credits in May than in April, while biodiesel credit generation fell, data from the Environmental Protection Agency showed on Wednesday.About 1.22 billion ethanol (D6) blending credits were generated in May, compared with about 1...Reuters
Wed, Jun 18
Serbia seeks new gas deal with Russia at 'best price in Europe'
Serbia's seeks new gas contract with Russia for 3 or 10 years, Srbijagas CEO saysSerbia's price for Russian gas has been "more or less" agreedSrbijagas CEO supports idea of US investors buying Nord Stream pipelineBy Gleb Bryanski ST PETERSBURG, June 18 (Reuters) - Serbia is workin...Reuters
Wed, Jun 18
US generated more ethanol, less biodiesel blending credits in May, EPA says
NEW YORK, June 18 (Reuters) - The United States generated more ethanol blending credits in May versus the prior month, while biodiesel credit generation fell, data from the Environmental Protection Agency showed on Wednesday.About 1.22 billion ethanol (D6) blending credits were generated in May, com...Reuters
Wed, Jun 18
Iran and Israel trade accusations at UN shipping agency over sea lanes
Both states accuse the other of endangering shippingIran says Israel's attacks threaten global energy supply chain Israel says Iran has turned the whole region into a warzoneBy Jonathan Saul LONDON, June 18 (Reuters) - Iran and Israel accused each other of endangering commercial activity in s...Reuters
Wed, Jun 18
US crude stockpiles post steepest drawdown since June 2024, EIA data shows
NEW YORK, June 18 (Reuters) - U.S. crude oil inventories, excluding the Strategic Petroleum Reserve, fell by 11.47 million barrels last week, the biggest slump since the week of June 28, 2024, data from the Energy Information Administration showed on Wednesday.Total U.S. commercial crude oil stocks ...Reuters
Wed, Jun 18
Bill Gates-backed TerraPower raises $650 mln, eyes approval next year for nuclear reactor
June 18 (Reuters) - TerraPower has raised $650 million in a funding round that included founder Bill Gates and the venture capital arm of chipmaker Nvidia NVDA.O, and said it expects to get regulatory approval for its $4-billion nuclear reactor next year.The company did not disclose its valuation or...Reuters
Wed, Jun 18
US Steel Announces Fundamental & Make-Whole Fundamental Change For Outstanding Convertible Notes
June 18 (Reuters) - United States Steel Corp X.N:U. S. STEEL ANNOUNCES FUNDAMENTAL CHANGE AND MAKE-WHOLE FUNDAMENTAL CHANGE RELATING TO ITS OUTSTANDING CONVERTIBLE NOTESU.S. STEEL: NOTES HOLDERS HAVE PURCHASE RIGHT TO REQUIRE CO TO PURCHASE ALL NOTES OR NOTES EQUAL TO $1,000 OR MULTIPLE OF $1,000 ON...Reuters
Wed, Jun 18
US Supreme Court sides with federal agency on nuclear waste facility license
Nuclear waste storage facility planned for TexasTexas and oil interests challenged agency's authorityLower court ruled against Nuclear Regulatory CommissionBy John Kruzel WASHINGTON, June 18 (Reuters) - The U.S. Supreme Court ruled on Wednesday against the state of Texas and oil industry inte...Reuters
Wed, Jun 18
US Senate Democrats demand Kennedy explain canceling bird flu vaccine contract
By Ahmed Aboulenein WASHINGTON, June 18 (Reuters) - U.S. Senate Democrats demanded on Wednesday Health Secretary Robert F. Kennedy Jr. make public the reviews on which his department said it based its decision to cancel a contract for developing a bird flu vaccine.President Donald Trump's adm...Reuters
Wed, Jun 18
LMA's Roberts: London continuing to provide coverage for marine trade in Middle East but 'picture is concerning'
By Michael Jones June 18 - (The Insurer) - No clear outcome is discernible in how the escalation between Israel and Iran will affect maritime commerce but the picture is concerning, the Lloyd's Market Association's head of marine and aviation, Neil Roberts, said on Wednesday.Roberts said ...Reuters
Wed, Jun 18
US natgas prices climb 2% to 10-week high on lower output, higher demand
Hot weather to boost power generator gas burnsEnd of LNG plant maintenance to boost LNG feedgasTriple-digit storage builds possible for record 8th weekBy Scott DiSavinoJune 18 (Reuters) - U.S. natural gas futures climbed about 2% to a 10-week high on lower daily output and forecasts for hotter weath...Reuters
Wed, Jun 18
Canada could produce first LNG by this weekend, sources say
First LNG expected to be produced in Canada on the weekendLNG Canada expected to operate initially at 25% capacityLNG tanker on the way to collect first cargo from new plantBy Curtis Williams HOUSTON, June 18 (Reuters) - Canada could produce its first ever liquefied natural gas this weekend, from...Reuters
Wed, Jun 18
CBOT Trends-Wheat up 2-3 cents, corn down 1-up 1, soy down 1-2
CHICAGO, June 18 (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 - Up 2 to 3 cents per bushelCBOT wheat was buoyed by a slower than average U.S. winter wheat harvest,...Reuters
Wed, Jun 18
Erick becomes a hurricane off Mexico's Pacific Coast
MEXICO CITY, June 18 (Reuters) - Erick intensified into a hurricane off Mexico's Pacific Coast, the U.S. National Hurricane Center (NHC) said on Wednesday.Erick is expected to be the first hurricane to make landfall in Mexico this season, and would bring "life-threatening flash floods to por...Reuters
Wed, Jun 18
