News
Important Only
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
EU readies ban on Russian gas imports by end of 2027
EU to propose legal measures to ban Russian gas on TuesdayAim is to completely halt Russian imports by end-2027Proposals need support from reinforced majority of EU countriesSome concerned about legal risk for importing companiesBy Kate Abnett LUXEMBOURG, June 17 (Reuters) - The European Commissi...Reuters
Tue, Jun 17
Shell CEO says local price index makes LNG Canada project attractive
By Florence Tan and Ashley Tang KUALA LUMPUR, June 17 (Reuters) - Buyers are attracted to Shell's LNG Canada project because it uses the Canadian Alberta Energy Company (AECO) price index as a benchmark, which is lower than the Henry Hub price in the U.S., the company's chief executiv...Reuters
Tue, Jun 17
PRESS DIGEST-British Business - June 17
June 17 (Reuters) - The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy. The Times- U.S. President Donald Trump and British Prime Minister Keir Starmer on Monday said they had finalized a trade de...Reuters
Tue, Jun 17
WTI extends upside above $70.50 ahead of US Retail Sales release
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.60 during the Asian trading hours on Tuesday. The WTI price edges higher amid persistent geopolitical risk in the Middle East. The American Petroleum Institute (API) weekly crude oil stock will be released later on TuesFxstreet
Tue, Jun 17
METALS-London metals slip as dollar firms, Middle East tensions escalate
By Brijesh Patel June 17 (Reuters) - Prices of metals in London dropped on Tuesday, weighed down by a stronger dollar and as escalating tensions between Israel and Iran dented risk appetite among investors.Three-month copper on the London Metal Exchange CMCU3 was down 0.3% at $9,673.50 per metric...Reuters
Tue, Jun 17
Mitsubishi Corp in talks for $8 billion US shale acquisition, source says
June 16 (Reuters) - Mitsubishi Corp 8058.T is in talks to acquire the U.S. shale production and pipeline assets of Aethon Energy Management for roughly $8 billion, a person familiar with the matter said on Monday.A deal would give the Japanese conglomerate a substantial natural gas operation adjacen...Reuters
Tue, Jun 17
Shell CEO says LNG Canada project attractive due to AECO indexation
KUALA LUMPUR, June 17 (Reuters) - The Canada Alberta Energy Company (AECO) index, serving as the price benchmark for natural gas in Canada, makes LNG Canada an attractive project, the chief executive of Shell SHEL.L said on Tuesday. As the AECO index is also a lot more contained, there will be more ...Reuters
Tue, Jun 17
Ecuador reopens mining concession registry after seven years
By Yury Garcia QUITO, June 16 (Reuters) - Ecuador's mining ministry announced on Monday the launch of a new registry of concessions for the first time in seven years in an effort to attract more mining projects to the South American country and curb illegal operations.The prior registry was s...Reuters
Tue, Jun 17
Oil prices rise as Iran-Israel conflict fans supply worries
By Anjana Anil June 17 (Reuters) - Oil prices climbed over 2% on Tuesday as Iran-Israel tension intensified and U.S. President Donald Trump urged "everyone" to evacuate Tehran, increasing the prospect of deepening unrest in the region and disruption to oil supply.The Brent crude futures c...Reuters
Tue, Jun 17
Goldman Sachs Sees Excess LNG Supply In Market Pushing NW European Gas Storage Levels Against Capacity In Summer 2027
June 16 (Reuters) - GOLDMAN SACHS:REVISES ITS EGYPT LNG IMPORT FORECASTS SUSTAINABLY HIGHER TO REFLECT ITS STRUCTURAL MARKET DEFICITSHIFTS ITS 2025/2026 AND 2026-2030 AVERAGE EGYPT LNG IMPORTS FORECAST TO 7/9 MTPA AND 12 MTPA (FROM 5/4 AND 3 PREVIOUSLY)SAYS IT STILL SEES EXCESS LNG SUPPLY IN THE MAR...Reuters
Tue, Jun 17
TECHNICALS-Commodities intraday targets/key levels
For more technical analyses, click SINGAPORE, June 17 (Reuters) - Contract Target Support/Resistance Brent oil $75.12/$75.87/$76.79sup $73.44/$72.81/$71.94Palm oil (3rd month)4,042/3,998 ringgitres 4,113/4,135 ringgitWTI* $74.41sup $72.48/$71.29Spot gold$3,373/$3,354res $3,414/$3,428LME ...Reuters
Tue, Jun 17
