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REFILE-Taiwan seals Ukraine combat-tested drone software deal to help deter China
Taiwan taking lessons from Ukraine on how to use air, sea dronesTaiwan's armed forces are dwarfed by those of China'sTaiwan focusing on 'asymmetric warfare' to deter BeijingBy Ann Wang SUAO, Taiwan, June 17 (Reuters) - Taiwan sealed a partnership deal on Tuesday with U.S. and Germ...Reuters
Tue, Jun 17
ASR partners with Asset Performance Partners to enhance energy underwriting
By Ryan HewlettJune 17 - Pan-African and Middle East-focused (re)insurance group Africa Specialty Risks (ASR) has partnered with Asset Performance Partners (APP) to enhance data insights and risk management in the energy insurance sector. A graduate of the 2024 Lloyd’s Lab, APP provides real-time op...Reuters
Tue, Jun 17
EUROPE GAS-Prices little changed amid comfortable supply
LONDON, June 17 (Reuters) - Dutch and British wholesale gas prices were little changed on Tuesday morning amid comfortable supply despite concerns about an escalation of the Iran-Israel conflict. The benchmark Dutch front-month contract at the TTF hub TRNLTTFMc1 rose by 1.11 euro to 38.56 euros per...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 oil demand boosted by lower gasoline prices, slower EV adoptionBy Alex Lawler LONDON, June 17 (Reuters) - Global oil demand will keep growing until around the end of this decade des...Reuters
Tue, Jun 17
METALS-London metals ease as dollar firms, Middle East tensions escalate
By Brijesh Patel June 17 (Reuters) - Prices of most base metals in London slipped on Tuesday as a stronger U.S. dollar and escalating tensions between Israel and Iran dampened investor appetite.Three-month copper on the London Metal Exchange CMCU3 was down 0.1% to $9,697 per metric ton, as of 073...Reuters
Tue, Jun 17
Putin's energy point man says there is a need for more oil volumes globally
Novak: there is a need for more volumesRussia: OPEC+ remains ready to be flexibleNovak: OPEC+ members in constant contact By Vladimir SoldatkinMOSCOW, June 17 (Reuters) - Russian President Vladimir Putin's energy point man said on Tuesday that there was a global need for more volumes of oil and ...Reuters
Tue, Jun 17
Frontline oil tanker in ship collision near Strait of Hormuz, Norway daily DN reports
COPENHAGEN, June 17 (Reuters) - Frontline FRO.OL oil tanker Front Eagle has been involved in a ship collision near the Strait of Hormuz, Norwegian business daily DN reported on Tuesday, citing the company.Reuters
Tue, Jun 17
WTI Oil bounces up on geopolitical tensions but fails to confirm above $72.00
Crude prices have been capped at the $72.00 level but remain 12% above May's range.Fears of escalating tensions between Israel and Iran are keeping downside attempts limited.Russia's Deputy Prime Minister, Novak, is pressuring the OPEC+ to reconsider output hikes.
Fxstreet
Tue, Jun 17
Petronas And Commonwealth LNG Sign 20-Year Agreement For Sustainable LNG Supply
June 17 (Reuters) - Petroliam Nasional Bhd (Petronas) IPO-PETO.KL:MALAYSIA'S PETRONAS: PETRONAS AND COMMONWEALTH LNG SIGN 20-YEAR AGREEMENT FOR SUSTAINABLE LNG SUPPLYPETRONAS: PURCHASING ONE MILLION TONNES PER ANNUM (MTPA) LNG FROM COMMONWEALTH'S 9.5 MTPA FACILITY CURRENTLY UNDER DEVELOPMENT...Reuters
Tue, Jun 17
New Zealand PM to discuss trade, tourism and security on first visit to China
First visit to China since becoming PM in 2023Luxon to visit Beijing, Shanghai to strengthen economic tiesAlso expected to discuss security, defence issuesBy Liz Lee and Lucy Craymer BEIJING/WELLINGTON, June 17 (Reuters) - New Zealand's Prime Minister Christopher Luxon will visit China from T...Reuters
Tue, Jun 17
'Deep pockets' could help Abu Dhabi win regulatory approval for Santos bid, analysts say
Santos role in domestic gas market poses tough regulatory hurdleADNOC could appease regulators with plans to accelerate gas projectsSantos shares trade 13% below proposed offer, reflecting potential hurdles By Scott Murdoch and Christine Chen SYDNEY, June 17 (Reuters) - Abu Dhabi National Oil Com...Reuters
Tue, Jun 17
RPT-ANALYSIS-Investors want clear ocean management rules to scale up funding
Roughly $10 billion raised in deals around UN conferenceYet estimated need to protect oceans is $175 billion a yearMajority of funds pledged by public sector banksOnly 50 of 136 countries have ratified new High Seas TreatyBy Simon Jessop, Virginia Furness and Kate Abnett LONDON, June 16 (Reuters)...Reuters
Tue, Jun 17
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
India File: EV hopes hit by China rare earths curbs
By Aditi Shah, Senior Autos Correspondent, with global Reuters staffChina's curbs on exports of some rare earth materials and magnets - used in automobiles, cell phones and myriad other devices - have stirred anxiety in corporate boardrooms the world over, including in India where automakers war...Reuters
Tue, Jun 17
TECHNICALS-CBOT soybeans may retest support of $10.65-1/2
For more technical analyses, please click SINGAPORE, June 17 (Reuters) - The CBOT soybean July contract SN25 may retest support of $10.65-1/2 per bushel, a break below which could open the way toward $10.57-3/4 to $10.62-1/4 range.A five-wave cycle from $10.38-1/2 has completed around resistance $10...Reuters
Tue, Jun 17
Gold price faces rejection near $3,400 amid some USD buying; lacks follow-through
Gold price (XAU/USD) attracts fresh sellers following an Asian session uptick to levels just above the $3,400 mark and turns lower for the second straight day on Tuesday. A modest US Dollar (USD) uptick is seen as a key factor acting as a headwind for the commodity.Fxstreet
Tue, Jun 17
