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Mexico braces 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, the head of the civil protection agency Laura Velazquez said Monday.Mexico's civil protection expects Erick to make landfall on...Reuters
Tue, Jun 17
UAE oil firm ADNOC upping US investments, says AI once-in-a generation investment opportunity
WASHINGTON, June 17 (Reuters) - ADNOC chief Sultan al-Jaber said on Tuesday the United Arab Emirates state oil company 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 just a priority, it is an investment imperative,...Reuters
Tue, Jun 17
Taiwan completes first sea trial for domestically made submarine in defence milestone
Taiwan aims to build eight submarinesProgramme has received help from United States, BritainTaiwan's armed forces massively outnumbered by China'sBy Ben BlanchardTAIPEI, June 17 (Reuters) - Taiwan completed the maiden sea trial for its first domestically developed submarine on Tuesday, a maj...Reuters
Tue, Jun 17
US natgas prices edge up to 5-week high on rising LNG, power demand forecasts
Hot weather to boost power generator gas burnsEnd of LNG plant maintenance to boost LNG feedgasTriple-digit storage builds expected for record 8th weekBy Scott DiSavino June 17 (Reuters) - U.S. natural gas futures edged up about 1% to a five-week high on expectations demand for the fuel will soar...Reuters
Tue, Jun 17
Chevron enters lithium sector with acreage buy in Texas, Arkansas
June 17 (Reuters) - Chevron CVX.N said on Tuesday its has acquired on lease about 125,000 net acres in northeast Texas and southwest Arkansas, marking the entry of the U.S. oil major into domestic lithium production. Energy giants, including Exxon Mobil XOM.N, have been looking to leverage thei...Reuters
Tue, Jun 17
CBOT Trends-Wheat up 4-5 cents, corn down 1-up 2, soy up 1-2
CHICAGO, June 17 (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 Tuesday: WHEAT - Up 4 to 5 cents per bushelCBOT wheat edged higher as traders weighed harvest progress and crop condit...Reuters
Tue, Jun 17
Two-degree-warmer climate would increase average US hurricane losses by 40%, study finds
By Henry GaleJune 17 - (The Insurer) - Insured average annual losses from hurricanes in the U.S. would increase by around 40% compared to the present day under a climate scenario of 2 degrees Celsius above pre-industrial conditions, according to a research paper by Hiscox's Ed Pope and MS Amlin&...Reuters
Tue, Jun 17
EU proposes ban on Russian gas imports by end of 2027
EU proposes legal measures to ban Russian gas Would gradually halt Russian imports by end of 2027Proposals need support from reinforced majority of EU countriesSome concerned about legal risk for importing companiesBy Kate Abnett and Julia Payne LUXEMBOURG, June 17 (Reuters) - The European Commis...Reuters
Tue, Jun 17
Chevron makes move into US lithium sector with acreage buy
June 17 (Reuters) - U.S. oil major Chevron CVX.N said on Tuesday its U.S. unit has acquired leasehold interests in about 125,000 net acres across northeast Texas and southwest Arkansas, marking its entry into domestic lithium production.Reuters
Tue, Jun 17
EU proposes ban on Russian gas and LNG by end-2027
LUXEMBOURG, June 17 (Reuters) - The European Commission on Tuesday proposed the EU bans all Russian gas and liquefied natural gas imports by the end of 2027, with a ban on short-term contracts starting next year.Imports under short-term Russian gas deals would start being banned from January 1, 2026...Reuters
Tue, Jun 17
FACTBOX-Iranian and Israeli energy sites impacted by conflict
June 17 (Reuters) - Military strikes between Iran and Israel have prompted concern about potential damage and disruption to the region's important oil and gas fields and infrastructure.Below are details about these sites and about how they have been affected so far:SOUTH PARS GAS FIELDIsrael str...Reuters
Tue, Jun 17
Hail taking a greater toll on solar insurance market, finds kWh study
By Chris MunroJune 16 - (The Insurer) - Hail is taking a greater toll on the solar energy insurance market and now accounts for most of the sector’s total losses even though the peril represents just 6% of claim incidents, data from kWh Analytics shows.In its newly published Solar Risk Assessment 20...Reuters
Tue, Jun 17
RPT-BREAKINGVIEWS-Nippon Steel’s US win sets bad Japan M&A precedent
By Una GalaniHONG KONG, June 16 (Reuters Breakingviews) - Nippon Steel’s 5401.T $14.9 billion bid for United States Steel X.N might seem of remote concern for most bankers in Tokyo and New York. Launched in a U.S. election year and involving a strategically crucial industry, it tripped over red line...Reuters
Tue, Jun 17
World oil demand to keep growing this decade despite 2027 China peak, IEA says
IEA forecasts oil demand peak at 105.6 million bpd by 2029China's oil demand to peak in 2027 due to EV growthUS demand boosted by lower gasoline prices, slower EV adoptionIEA sharply cuts prediction for US EV adoption in 2030 By Alex Lawler and Enes Tunagur LONDON, June 17 (Reuters) - Global ...Reuters
Tue, Jun 17
Indonesia's Prabowo to hold talks with Putin to cement 'strategic partnership'
Russia says it wants to deepen defence and security tiesRussia willing to build nuclear power stationIndonesian minister says Putin and Prabowo have 'chemistry' By Guy Faulconbridge ST PETERSBURG, June 17 (Reuters) - Indonesian President Prabowo Subianto will hold talks with President...Reuters
Tue, Jun 17
RPT-COLUMN-Crop Watch: Divergent pollination outlook for corn: Braun
By Karen BraunNAPERVILLE, Illinois, June 16 (Reuters) - The U.S. Crop Watch corn fields have notched their third consecutive week of improved health ratings, though some areas still need heat and sun for the crop to really take off.The producers want their corn to be in the best possible state for p...Reuters
Tue, Jun 17
Slovakia near deal with US for Westinghouse to build nuclear reactor, PM Fico says
June 17 (Reuters) - Slovakia is close to a deal with Washington that would see U.S. company Westinghouse build a new nuclear reactor in the central European country, Prime Minister Robert Fico said on Tuesday.Slovakia, which currently has five nuclear reactors at two plants, plans to expand its nucl...Reuters
Tue, Jun 17
PetroChina eyes North American LNG volumes to reduce risk, says exec
By Sudarshan VaradhanKUALA LUMPUR, June 17 (Reuters) - PetroChina International, the trading arm of the Chinese oil major 601857.SS, says it is interested in North American liquefied natural gas supplies as it seeks to reduce trading risk by seeking flexibility in supply deals, said a company execut...Reuters
Tue, Jun 17
RPT-COLUMN-Israel-Iran war already takes toll on oil and gas sector: Bousso
Iran's oil exports drop sharply, Kharg Island activity haltsSouth Pars gas field damaged in Israeli strikeIsrael shuts down nearly two thirds of gas production, refinery damagedBy Ron Bousso LONDON, June 17 (Reuters) - Critical energy infrastructure in Israel and Iran has not escaped unscathe...Reuters
Tue, Jun 17
