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Gold Price Forecast: XAU/USD remains afloat as fears mount
Spot Gold set a weekly low of $3,366.25 on Tuesday, bouncing from the level yet in the American session.
Gold
Fxstreet
Tue, Jun 17
Oil tankers near Iran appear to be in rural Russia as signals jammed
By Anna Hirtenstein LONDON, June 17 (Reuters) - The Front Tyne oil tanker was sailing through the Gulf between Iran and the United Arab Emirates on Sunday when just past 9:40 a.m. shiptracking data appeared to show the massive vessel in Russia, in fields better known for barley and sugar beets.By...
Reuters
Tue, Jun 17
NAACP threatens to sue Elon Musk's xAI over Memphis air pollution
June 17 (Reuters) - The National Association for the Advancement of Colored People (NAACP) on Tuesday sent a notice to billionaire Elon Musk's xAI, signaling its intention to sue the company over air pollution from the AI startup's data center in Memphis.The letter, sent by Southern Environm...
Reuters
Tue, Jun 17
Europe Gasoline/Naphtha-Gasoline profit margins dip
LONDON, June 17 (Reuters) - Northwest European gasoline profit margins fell by about $1.22 to $11.98 a barrel on Tuesday.A total of 12,000 metric tons of Eurobob E5 barges traded, with Varo, Shell and ExxonMobil selling to Trafigura and BP.A further 4,000 tons of Eurobob E10 barges traded, with Tota...
Reuters
Tue, Jun 17
Israel launches 'massive cyber war' against Iran's digital infrastructure, Iranian media report
June 17 (Reuters) - Israel has launched a "massive cyber war" against Iran's digital infrastructure, Iranian media quoted the country's cybersecurity command on Tuesday as saying.Many of the attacks were successfully repelled, the command added.
Reuters
Tue, Jun 17
Mexico's Pemex payment crisis: suppliers threaten July shutdown
By Ana Isabel Martinez MEXICO CITY, June 17 (Reuters) - The Mexican association that groups major global oil services companies warned that it is going through an "unprecedented crisis" due to the lack of payments from the state-owned oil company Pemex, the world's most indebted energ...
Reuters
Tue, Jun 17
War insurance costs to Israel soar after Iranian attacks, sources say
By Jonathan Saul LONDON, June 17 (Reuters) - War risk insurance premiums for shipments to Israel are as much as three times higher than a week ago as the war between Israel and Iran entered its fifth day, industry sources said on Tuesday.The cost of a seven-day voyage to Israeli ports was quoted ...
Reuters
Tue, Jun 17
White House health efforts need farm industry input, over 250 agriculture groups say
Farm groups say their input is critical to work of the Make America Healthy Again CommissionFirst MAHA report pointed to pesticides as possible health risk Farm, health secretaries working closely together on MAHA prioritiesBy Leah Douglas WASHINGTON, June 17 (Reuters) - More than 250 groups repr...
Reuters
Tue, Jun 17
Two oil tankers collide, catch fire near Strait of Hormuz
Tankers hit each other, no spillage or injuries reportedElectronic interference affecting navigation systemsUAE evacuates crew of one of the ships Strait of Hormuz carries fifth of world's seaborne oilBy Maha El Dahan and Stine Jacobsen DUBAI/COPENHAGEN, June 17 (Reuters) - Two oil tankers co...
Reuters
Tue, Jun 17
China's Xi signs treaty to elevate ties with Central Asia
China's Xi attends summit with Central Asian leaders in KazakhstanChina looks to expand trade, energy, minerals and infrastructure cooperationChina trade with five Central Asian nations up 10.4% this year BEIJING, June 17 (Reuters) - China President Xi Jinping signed a treaty to elevate ties ...
Reuters
Tue, Jun 17
EUROPE GAS-Dutch prices rise as Middle East tensions raise LNG concerns
LONDON, June 17 (Reuters) - Dutch wholesale gas prices rose on Tuesday afternoon amid growing concerns that an escalation of the Iran-Israel conflict is impacting the loading and shipment of liquefied natural gas (LNG), tightening the market. The benchmark Dutch front-month contract at the TTF hub ...
Reuters
Tue, Jun 17
UAE's ADNOC boosts US investments, says AI once-in-a generation investment opportunity
By Valerie Volcovici and Maha El DahanWASHINGTON, June 17 (Reuters) - ADNOC chief Sultan al-Jaber said on Tuesday the state oil company of the United Arab Emirates was looking to grow its U.S. energy investments six-fold to $440 billion in the next 10 years. "For us, the United States is not jus...
Reuters
Tue, Jun 17
White House 'MAHA' efforts need farm industry input, 250+ agriculture groups tell Trump administration
Farm groups say their input is critical to work of the Make America Healthy Again CommissionFirst MAHA report pointed to pesticides as possible health risk Farm, health secretaries working closely together on MAHA prioritiesBy Leah Douglas WASHINGTON, June 17 (Reuters) - More than 250 groups repr...
Reuters
Tue, Jun 17
Israel war risk ship insurance costs soar after Iranian attacks, sources say
LONDON, June 17 (Reuters) - War risk insurance premiums for shipments to Israel are as much as three time higher than a week ago as the war between Israel and Iran entered its fifth day, industry sources said on Tuesday.The cost of a seven-day voyage to Israeli ports was quoted between 0.7% to 1.0% ...
Reuters
Tue, Jun 17
Mexico prepares as Tropical Storm Erick gains strength off its Pacific Coast
MEXICO CITY, June 17 (Reuters) - Mexican authorities have implemented precautionary measures as Tropical Storm Erick gains strength off the country's Pacific Coast where it is expected to make landfall as a hurricane later this week, the head of the civil protection agency said Tuesday."We a...
Reuters
Tue, Jun 17
No suggestion of outside interference in tanker collision, Frontline says
OSLO, June 17 (Reuters) - The collision near the Strait of Hormuz between the Front Eagle and another oil tanker will be investigated, but there is no suggestion of outside interference in the incident, ship owner Frontline FRO.OL said in a statement to Reuters on Tuesday.
Reuters
Tue, Jun 17
EPNG Declares Force Majeure At Laguna Station
June 17 (Reuters) - KINDER MORGAN'S KMI.N EL PASO NATURAL GAS COMPANY, L.L.C (EPNG):DECLARES FORCE MAJEURE AT LAGUNA STATIONSAYS EXPERIENCED AN EQUIPMENT FAILURE ASSOCIATED WITH ITS LAGUNA COMPRESSOR STATION LOCATED IN CIBOLA COUNTY, NEW MEXICO AND AS SUCH THE STATION IS CURRENTLY UNAVAILABLE
Reuters
Tue, Jun 17
FACTBOX-How Germany is building up LNG import terminals
FRANKFURT, June 17 (Reuters) - Germany has looked to liquefied natural gas imports to replace piped Russian gas since Moscow's invasion of Ukraine in 2022.Its first move has been to deploy floating storage regasification units (FSRUs) to receive seaborne LNG, while longer term it is planning sho...
Reuters
Tue, Jun 17
Soccer-Scorching heat sparks welfare fears at Club World Cup
By Julien PretotMIAMI, June 17 (Reuters) - Soaring temperatures and oppressive humidity at the Club World Cup are fuelling concerns among players, coaches, and fans, with calls for additional cooling breaks and adjustments to match schedules.Midday kickoff temperatures in Pasadena at the weekend app...
Reuters
Tue, Jun 17
Israeli strike directly hit Iran's Natanz underground enrichment plant, IAEA says
VIENNA, June 17 (Reuters) - An Israeli military strike on Iran's nuclear complex at Natanz directly hit the underground uranium enrichment plant there, the U.N. nuclear watchdog said on Tuesday, revising its assessment after initially reporting it had been hit only indirectly.Since Israel's...
Reuters
Tue, Jun 17
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