News
Important Only
Tokyo Gas executive: no impact expected on LNG buying from Iran-Israel conflict
TOKYO, June 18 (Reuters) - Japan's biggest city-gas supplier Tokyo Gas 9531.T expects no direct impact on its liquefied natural gas (LNG) procurement from the Iran-Israel conflict, but its is closely monitoring developments as it could influence oil-linked and spot LNG prices, a company executiv...Reuters
Wed, Jun 18
METALS-London metals inch up on dollar weakness, Middle East tensions cap gains
By Michele Pek SINGAPORE, June 18 (Reuters) - London base metal prices inched up on Wednesday on a softer U.S. dollar, although tensions in the Middle East dampened global risk appetite and kept a lid on prices.Three-month copper on the London Metal Exchange CMCU3 was up 0.22% at $9,690.5 per met...Reuters
Wed, Jun 18
De-Dollarization Accelerates at Record Pace – WGC Survey: Central Banks Buy Gold, Reduce Dollar Reserves
TradingKey - Despite gold prices nearly doubling since the outbreak of the Russia-Ukraine conflict in 2022 — and amid JPMorgan’s forecast of a pause in Chinese central bank purchases and Citi’s bearish outlook on gold — the World Gold Council (WGC) has released new survey results showing that global
TradingKey
Wed, Jun 18
Australia to begin talks on security, defence with EU
By Alasdair Pal and Kirsty Needham SYDNEY, June 18 (Reuters) - Australian Prime Minister Anthony Albanese said on Wednesday the country would commence negotiations on a security and defence partnership with the European Union, and was also hopeful of a "symbolically important" trade deal....Reuters
Wed, Jun 18
Soccer-Mamelodi Sundowns win opener to go top of Group F at Club World Cup
By Mark GleesonORLANDO, Florida, June 17 (Reuters) - South African champions Mamelodi Sundowns won their opening game at the Club World Cup on Tuesday as striker Iqraam Rayners netted the only goal in a 1-0 win over South Korea’s Ulsan HD.The result put this month’s African Champions League runners-...Reuters
Wed, Jun 18
Oil prices extend rise as Iran-Israel conflict enters sixth day
By Colleen Howe BEIJING, June 18 (Reuters) - Oil prices ticked up in early trading on Wednesday after ending the previous session up more than 4% on worries that the Iran-Israel conflict could disrupt supplies. Brent crude futures LCOc1 rose 19 cents, or 0.25%, to $76.64 a barrel by 0029 GMT. U.S...Reuters
Wed, Jun 18
ASEAN set to become net LNG importer by early 2030s, ConocoPhillips CEO says
KUALA LUMPUR, June 18 (Reuters) - Demand in Southeast Asia for LNG is growing at a compound annual rate of 3% and the region is projected to become a net importer of LNG by early in the next decade, ConocoPhillips CEO Ryan Lance told an energy conference in Malaysia on Wednesday.Reuters
Wed, Jun 18
Carney says Canada looking at risks of third country steel
KANANSKIS, Alberta, June 17 (Reuters) - Prime Minister Mark Carney said on Tuesday Canada is looking at the risk of third country steel entering Canada.Canadian steelmakers have complained about excess steel capacity from foreign steelmakers as a result of U.S. tariffs policy.Reuters
Wed, Jun 18
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, June 18 (Reuters) - Contract Target Support/Resistance Brent oil $76/$75.38res $77.01/$77.64/$78.65 Palm oil (3rd month)-res 4,113/4,157 ringgitsup 4,072/4,042 ringgitWTI* $74.41/$73.44res $75.60/$76.41/$77.52Spot gold$3,368/$3,343res $3,398/...Reuters
Wed, Jun 18
LIVESTOCK-Cattle, hog futures tumble in profit-taking setback
By Julie Ingwersen CHICAGO, June 17 (Reuters) - Chicago Mercantile Exchange cattle futures tumbled on Tuesday on profit-taking after last week's all-time highs and on fears that rising crude oil prices could dent consumer demand for meat, while wholesale beef prices continued to set fresh fiv...Reuters
Tue, Jun 17
WTI climbs above $73.50 as Trump urges Iran’s unconditional surrender
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $73.55 during the Asian trading hours on Wednesday. The WTI price extends the rally as the Middle East tensions escalate and the likelihood of the United States (US) involving the conflict increases.
Fxstreet
Tue, Jun 17
WRAPUP 18-Trump calls for Iran's 'unconditional surrender' as Israel-Iran air war rages on
LATEST DEVELOPMENTSTrump says whereabouts of Iranian leader Khamenei are knownAerial attacks by both sides continueUS moves additional fighter jets to regionIran reportedly bans officials' use of mobile devicesBy Parisa Hafezi, Jaidaa Taha and Maayan Lubell WASHINGTON/DUBAI/JERUSALEM, June 17...Reuters
Tue, Jun 17
US Cash Grains-Soybean bids mixed as futures gain
CHICAGO, June 17 (Reuters) - Spot basis bids for U.S. soybeans and corn were mixed in the U.S. Midwest on Tuesday, dealers said. The soy basis declined at an Iowa river terminal and increased at an Illinois river terminal. The corn basis increased at a Chicago processor, decreased at an Iowa river t...Reuters
Tue, Jun 17
Japan suspends imports of fertile eggs, day-old chicks from two Brazilian states
SAO PAULO, June 17 (Reuters) - Japan suspended imports of fertile eggs and day-old chicks coming from the Brazilian states of Goias and Mato Grosso after bird flu cases in subsistence farms had been reported in both states, the Brazilian Agriculture Ministry said on Tuesday.In a statement, the minis...Reuters
Tue, Jun 17
Futurefuel idles biodiesel production amidst regulatory uncertainty
June 17 (Reuters) - FutureFuel Corp FF.N:FUTUREFUEL IDLES BIODIESEL PRODUCTION AMIDST REGULATORY UNCERTAINTY, SHIFTS FULL FOCUS TO SPECIALTY CHEMICALS GROWTHFUTUREFUEL CORP: ANTICIPATES THAT INVESTMENT IN NEW PRODUCT CAPACITY AT ITS FACILITY WILL COME ONLINE IN MID-2025FUTUREFUEL CORP: ACTIVELY PURS...Reuters
Tue, Jun 17
CIF/FOB Gulf Grain-Soybean, corn barge bids stay mostly flat
CHICAGO, June 17 (Reuters) - Basis bids for soybeans and corn delivered by barge to U.S. Gulf Coast terminals were mostly flat on Tuesday as demand looked largely routine, traders said.Exporters sold 120,000 metric tons of U.S. soymeal to unknown destinations for 2025-26 delivery, the U.S. Departmen...Reuters
Tue, Jun 17
Senate bill would raise value of tax credit to use captured CO2 to produce more oil
By Valerie Volcovici WASHINGTON, June 17 (Reuters) - A U.S. Senate panel proposed making the tax credit for capturing carbon emissions for recovering oil equal to the $85/metric ton tax credit for permanently burying those emissions underground, a boon for oil and gas producers.The finance commit...Reuters
Tue, Jun 17
US Plains HRW Wheat-Basis bids unchanged as harvest gathers pace
CHICAGO, June 17 (Reuters) - Spot basis bids for hard red winter wheat were flat in the U.S. Plains on Tuesday as farmers focused on the ongoing wheat harvest as well as harvest preparations, dealers said.The U.S. Department of Agriculture reported on Monday that the U.S. winter wheat harvest was 10...Reuters
Tue, Jun 17
U.S. nuclear power plant outages
June 17 (Reuters) - The following table lists total U.S. nuclear power generation capacity and the capacity offline due to planned and unplanned reasons, according to the daily data from the U.S. Nuclear Regulatory Commission.Total capacity EL-USTOTCAP-MW ......... 96,986 MW Total...Reuters
Tue, Jun 17
