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ARA gasoline stocks rise 2%, Insights Global data shows
LONDON, June 12 (Reuters) - Gasoline stocks independently held in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub rose on the week, data from Dutch consultancy Insights Global showed on Thursday.Gasoline stocks rose 2.3% to around 1.04 million metric tons, despite there being strong d...Reuters
Thu, Jun 12
Mali hearing on Barrick's Loulo-Gounkoto complex adjourned to June 16
BAMAKO, June 12 (Reuters) - A Malian court adjourned until June 16 a hearing on whether to put Barrick Mining's ABX.TO Loulo-Gounkoto gold mining complex under provisional administration, a presiding judge said on Thursday.Reuters
Thu, Jun 12
IAEA resolution complicates nuclear talks with U.S., Iran says
DUBAI, June 12 (Reuters) - The U.N. nuclear watchdog's declaration that Iran is in breach of its non-proliferation obligations will further complicate nuclear talks with the U.S. next slated for Sunday in Oman, Iran's Foreign Minister Abbas Araqchi said, according to state mediaReuters
Thu, Jun 12
US CPC sees 82% chance of ENSO neutral conditions through June-August
June 12 (Reuters) - El Nino-Southern Oscillation (ENSO) neutral conditions are likely in the Northern Hemisphere summer of 2025, with a 82% chance in June-August, the United States' Climate Prediction Center said on Thursday.ENSO neutral conditions may continue into winter 2025-26, though confid...Reuters
Thu, Jun 12
Iran will rebuild nuclear facilities if they are destroyed, President says
DUBAI, June 12 (Reuters) - Iran will rebuild its nuclear facilities if they are destroyed, the country's President Masoud Pezeshkian said on Thursday, according to state media. "It is not the case that if they destroy our facilities with bombs, everything will be lost — these capabilities ex...Reuters
Thu, Jun 12
Most G7 members ready to lower Russian oil price cap without US
By Julia Payne and John Irish BRUSSELS/PARIS, June 12 (Reuters) - Most countries in the Group of Seven nations are prepared to go it alone and lower the G7 price cap on Russian oil even if U.S. President Donald Trump decides to opt out, four sources familiar with the matter said. G7 country leade...Reuters
Thu, Jun 12
CBOT Trends-Wheat up 1-2 cents, corn up 2-4 cents, soy up 3-5 cents
CHICAGO, June 12 (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 Thursday: WHEAT - Up 1 to 2 cents per bushelCBOT wheat firmed as the U.S. dollar fell against a group of other currenc...Reuters
Thu, Jun 12
German utility RWE and tech giant Amazon announce partnership
PARIS, June 12 (Reuters) - German utility RWE RWEG.DE and tech giant Amazon AMZN.O announced a strategic framework agreement on Thursday, where the utility will provide clean power delivery and in exchange receive cloud services.The cloud services cover artificial intelligence and data analytics in ...Reuters
Thu, Jun 12
US CPC sees 82% chance of ENSO neutral conditions through June-August
June 12 (Reuters) - El Nino-Southern Oscillation (ENSO) neutral conditions are likely in the Northern Hemisphere summer of 2025, with a 82% chance in June-August, the United States' Climate Prediction Center said on Thursday.ENSO neutral conditions may continue into winter 2025-26, though confid...Reuters
Thu, Jun 12
White House completes review of US EPA's biofuel-blending obligation proposal
NEW YORK, June 12 - The White House has completed its review of a proposal regarding U.S. biofuel-blending obligations and returned the rule to the Environmental Protection Agency for further action, according to the website for the Office of Management and Budget. Under U.S. law, oil refiners must ...Reuters
Thu, Jun 12
JP Morgan maintains 2025 forecast for oil prices in low-to-mid $60s
June 12 (Reuters) - JP Morgan downplayed geopolitical concerns on Thursday and maintained its base case forecast for oil prices to stay in the low-to-mid $60s through 2025 and $60 in 2026, but said certain worst-case scenarios could send prices surging to double those levels.U.S. President Donald Tr...Reuters
Thu, Jun 12
Brazil crop agency ups 2024/25 soy supply, export forecast
By Ana ManoSAO PAULO, June 12 (Reuters) - Brazil's soybean production forecast for the 2024/25 season, which is almost over nationwide, has been raised to 169.60 million metric tons from 168.34 million tons, national crop agency Conab said in a report on Thursday.The country's soybean produc...Reuters
Thu, Jun 12
OCI Global Receives US Regulatory Approval For Sale Of Its Global Methanol Business To Methanex Corporation
June 12 (Reuters) - Methanex Corp MX.TO:OCI GLOBAL RECEIVES U.S. REGULATORY APPROVAL FOR THE SALE OF ITS GLOBAL METHANOL BUSINESS TO METHANEX CORPORATIONOCI NV - METHANEX TO BUY 100% EQUITY INTERESTS IN OCI METHANOLOCI NV - DEAL CONSIDERATION INCLUDES USD 1.2 BILLION CASH AND 9.9 MILLION METHANEX SH...Reuters
Thu, Jun 12
GRAINS-Soy eases as US-China deal disappoints, corn and wheat steady before USDA data
PARIS/BEIJING, June 12 (Reuters) - Chicago soybeans slipped for a second session on Thursday as disappointment over a lack of agricultural commitments in a U.S.-China trade truce hung over the market.Corn and wheat ticked higher, with a slide in the dollar =USD and adjustments before U.S. Department...Reuters
Thu, Jun 12
Brazil crop agency ups 2024/25 soy supply, export forecast
SAO PAULO, June 12 (Reuters) - Brazil's soybean production forecast for the 2024/25 season, which is almost over nationwide, has been raised to 169.60 million metric tons from 168.34 million tons, national crop agency Conab said in a report on Thursday.The agency also noted that Brazil, the worl...Reuters
Thu, Jun 12
Egypt agrees to buy up to 160 LNG cargoes through 2026, sources say
LONDON, June 12 (Reuters) - Egypt has reached agreements with several energy firms and trading houses to buy between 150-160 cargoes of liquefied natural gas (LNG) costing over $8 billion to cover power demand through end-2026, industry sources aware of the matter told Reuters.Reuters
Thu, Jun 12
RPT-COLUMN-China-US trade deal kicks the rare earths can down the road: Russell
By Clyde Russell LAUNCESTON, Australia, June 12 (Reuters) - The tentative deal between the United States and China may represent a retreat from the worst-case scenario of a total collapse of trade between the world's two biggest economies, but it creates more problems than it solves.President...Reuters
Thu, Jun 12
PRECIOUS-Middle East tensions, tariff jitters push gold to one-week high
US producer price index data due at 1230 GMTDollar hit more-than-three-year lowUS to pull some Middle East personnel as Iran tensions riseBy Anushree Mukherjee June 12 (Reuters) - Gold prices rose 1% to a one-week high on Thursday as tensions in the Middle East and trade uncertainties fuelled dem...Reuters
Thu, Jun 12
