News
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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
Rhino Resources targets new exploration well offshore Namibia
CAPE TOWN, June 17 (Reuters) - African energy explorer Rhino Resources and its partner Azule Energy will drill the new Volans-1X exploration well offshore Namibia in late July or early August, a company spokesperson said on Tuesday.The Volans prospect is being investigated soon after Rhino Resources...Reuters
Tue, Jun 17
Citigroup Gold Bearish Warning: The $3,000 Support Line May Be Breached! Gold Bull Coming to an End?
TradingKey - A recent gold price forecast report from Citigroup has drawn market attention. In a report released on June 17, the firm pointed out that due to multiple factors, gold prices may gradually decline over the next few quarters, with a 60% probability that prices will fall below $3,000...
TradingKey
Tue, Jun 17
Israel-Iran conflict will spur Russia-China gas deal, Russian adviser says
Russia's Putin set to travel to China in September Power of Siberia-2 decision likely this year -adviserTrans-border payments problems eased -adviserBy Gleb BryanskiMOSCOW, June 17 (Reuters) - Rising tensions in the Middle East will accelerate natural gas negotiations between Russia and China, w...Reuters
Tue, Jun 17
Trump sees possible trade pact with 'tough' Japan, says EU not offering fair deal
WASHINGTON, June 17 (Reuters) - U.S. President Donald Trump said on Tuesday there was a chance of a trade deal with Japan ,but said Tokyo was being "tough" and said the European Union was not yet offering a fair deal in trade talks between the United States and the 27-nation bloc.Speaking to...Reuters
Tue, Jun 17
Renewable energy firm EDPR sticking to US plans despite tax credit cuts
EDPR plans to install up to 1.75 GW in new capacity in U.S.Republican lawmakers want to repeal renewables incentivesCEO says company not changing its installation targetsBy Sergio Goncalves LISBON, June 17 (Reuters) - EDP Renovaveis EDPR.LS, the world's fourth-largest wind energy producer, ...Reuters
Tue, Jun 17
Turkey expects no issues with oil and gas supply amid Israel-Iran conflict
ANKARA, June 17 (Reuters) - Turkey expects there to be no issues with oil and gas supply for its domestic demand amid the conflict between Israel and Iran, though energy prices could continue to rise, Energy Minister Alparslan Bayraktar said.Speaking to reporters late on Monday, Bayraktar said that ...Reuters
Tue, Jun 17
Gold moves higher – ING
Gold is moving higher again as Trump’s Tehran warning has sparked haven buying. Prices rose above $3,400/oz in early Asian trading on Tuesday after a 1.4% slide on Monday – the biggest one day decline in a month, ING's commodity experts Ewa Manthey and Warren Patterson note.Fxstreet
Tue, Jun 17
IEA: In the absence of major disruption, Oil markets in 2025 look well supplied
In its monthly oil market report published on Tuesday, the International Energy Agency (IEA) noted that “in reference to Israel-Iran conflict, in the absence of major disruption, oil markets in 2025 look well supplied.”Fxstreet
Tue, Jun 17
Silver Price Forecast: XAG/USD rises to near $36.50 amid Israel-Iran war
Silver price (XAG/USD) moves higher to near $36.50 during European trading hours on Tuesday. The white metal trades firmly as the aerial war between Israel and Iran has increased demand for safe-haven assets, such as Silver.Fxstreet
Tue, Jun 17
