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Consumer Reports urges Congress to drop electric vehicle tax proposal
By David Shepardson WASHINGTON, June 11 (Reuters) - An influential consumer organization on Wednesday urged Republican lawmakers to drop a plan to impose a proposed $250 annual fee on electric cars to pay for road repairs.Consumer Reports, which also tests and rates new vehicles, noted that Repub...Reuters
Wed, Jun 11
ICE canola futures juggle trade deal talk and mixed weather
WINNIPEG, Manitoba, June 11 (Reuters) - ICE canola futures rose on Wednesday as dry weather and optimism about potential U.S. trade deals trumped forecasts of rain for much of Western Canada.• July canola RSN5 settled up $5.10 at $714.30 per metric ton. November RSX5 settled up $2.70 at $693.90.• Fa...Reuters
Wed, Jun 11
EXCLUSIVE-Barrick Mining removes Mali gold complex from 2025 output forecast, sources say
Mines accounted for 14% of Barrick's total gold output: analystsMali has blocked gold exports, detained staff, seized stockMali allows Barrick to repatriate 20% earnings internationally, sources sayBy Divya Rajagopal and Portia Crowe TORONTO/DAKAR, June 11 (Reuters) - Barrick Mining ABX.TO ha...Reuters
Wed, Jun 11
CBOT corn slips on benign US crop weather; USDA monthly data awaited
CHICAGO, June 11 (Reuters) - Chicago Board of Trade corn futures ended lower on Wednesday as benign U.S. weather outlooks and strong production prospects overshadowed early support from the United States and China agreeing on the framework of a trade truce, traders said.CBOT July corn CN25 settled d...Reuters
Wed, Jun 11
Alberta premier says province working on proposal for new crude oil pipeline to Port of Prince Rupert
Alberta seeks private sector lead for new pipeline projectCanada aims to diversify oil exports amid US trade tensionsPathways Alliance project linked to pipeline for emissions reductionBy Amanda Stephenson CALGARY, June 11 (Reuters) - Alberta Premier Danielle Smith said on Wednesday the province ...Reuters
Wed, Jun 11
CBOT soybeans end lower as focus returns to US crop weather
CHICAGO, June 11 (Reuters) - Chicago Board of Trade soybean futures closed lower on Wednesday, retreating from early strength as initial optimism faded over the U.S. and China agreeing on the framework of a trade truce and market players shifted their focus back to benign U.S. crop weather, traders ...Reuters
Wed, Jun 11
US natgas prices ease 1% to 1-week low on big storage builds, forecasts for less demand
Cameron LNG showing signs of exiting maintenance reductionGas storage on track for 7th triple digit injectionGas storage injections hit monthly record high in May By Scott DiSavino June 11 (Reuters) - U.S. natural gas futures eased about 1% to a one-week low on Wednesday on forecasts for less dem...Reuters
Wed, Jun 11
GRAINS-Soy, corn futures retreat on weather as US-China optimism cools
Soybeans firmed initially on Sino-U.S. trade talks optimismFutures fell due to lack of agricultural specifics in trade talksMonthly USDA supply/demand report awaitedBy Julie Ingwersen CHICAGO, June 11 (Reuters) - Chicago Board of Trade soybean and corn futures drifted lower on Wednesday as initia...Reuters
Wed, Jun 11
US Plains HRW Wheat-Basis bids flat with slow farmer selling and wet weather
CHICAGO, June 11 (Reuters) - Spot basis bids for hard red winter wheat remained flat in the southern U.S. Plains on Wednesday as rainy weather continued to delay harvesting, according to dealers.Dealers said there was little farmer selling with wet ground making it difficult to get the harvest start...Reuters
Wed, Jun 11
PRECIOUS-Gold ticks up after cooler-than-expected US inflation data
US consumer prices rise moderately in MayTrump says deal with China doneBeijing to supply rare earths, US will allow Chinese studentsUS PPI data due on Thursday Platinum hits over four-year peak By Ashitha Shivaprasad June 11 (Reuters) - Gold prices rose on Wednesday, helped by cooler-than-expect...Reuters
Wed, Jun 11
Gold price rises on soft US CPI, traders price in Fed rate cuts
Gold prices posted modest gains of over 0.22% on Wednesday as the latest inflation report in the United States (US) revealed that prices are cooling. Hence, investors increased their bets that the Federal Reserve (Fed) would resume its easing cycle in September. The XAU/USD trades at $3,327.
Fxstreet
Wed, Jun 11
US ocean imports plunged in May on 145% tariffs on China
LOS ANGELES, June 11 (Reuters) - Imports at several of the busiest U.S. seaports dropped sharply in May, after President Donald Trump's short-lived 145% tariffs on many goods from China stalled trade, according to data from Descartes Datamyne. The world's two biggest economies overnight anno...Reuters
Wed, Jun 11
Trigon Pacific Terminals announces new LPG export facility in Prince Rupert, Canada
June 11 (Reuters) - Trigon Pacific Terminals announced on Wednesday a new $750 million open-access liquefied petroleum gas export facility with a capacity of 2.5 million metric tons per year at Prince Rupert, Canada.The export facility is expected to begin operations by late 2029, subject to securin...Reuters
Wed, Jun 11
US embassy in Iraq preparing for ordered evacuation due to 'heightened security risks', sources say
BAGHDAD, June 11 (Reuters) - The U.S. embassy in Iraq is preparing for an ordered evacuation due to heightened security risks in the region, an Iraqi security official and a U.S. source said on Wednesday.Iran's Minister of Defense Aziz Nasirzadeh said earlier in the day that Tehran will strike U...Reuters
Wed, Jun 11
US Cash Grains-Soybean and corn bids mostly flat as futures firm
CHICAGO, June 11 (Reuters) - Spot soybean and corn basis bids were mostly steady at U.S. Midwest river terminals, grain elevators and processing facilities on Wednesday, with a few exceptions, according to a spot check of locations.The soybean basis lost 5 cents at a processor in Lincoln, Nebraska.T...Reuters
Wed, Jun 11
Europe Gasoline/Naphtha-Gasoline profit margins dip as US stocks rise
LONDON, June 11 (Reuters) - Northwest European gasoline profit margins fell by around 81 cents per barrel to $14.02 a barrel on Wednesday, after U.S. gasoline stocks rose by more than expected last week according to data from the Energy Information Administration (EIA).A total of 16,000 metric tons ...Reuters
Wed, Jun 11
Colorado State continues to forecast four major hurricanes in 2025
HOUSTON, June 11 (Reuters) - Colorado State University meteorologists on Wednesday left unchanged their closely-watched forecast for an above-average 2025 Atlantic hurricane season, which began on June 1, from their release in April. The outlook continues to expect four major hurricanes, with sustai...Reuters
Wed, Jun 11
Alberta Premier says province working on proposal for new crude oil pipeline to Port of Prince Rupert
CALGARY, June 11 (Reuters) - Alberta Premier Danielle Smith said on Wednesday the province is working to present Prime Minister Mark Carney with a proponent and route for a potential new crude pipeline from Alberta to the Port of Prince Rupert in British Columbia.Smith said the pipeline would be bui...Reuters
Wed, Jun 11
First crude from Guyana's fourth platform to be exported in August-September
First cargo will be of 1 million barrelsNew crude grade 'Golden Arrowhead' to be the country's lightestConsortium partners expected to jointly sell the cargoBy Kemol King and Robert HarveyGEORGETOWN/LONDON, June 10 (Reuters) - The first crude cargo from Guyana's fourth oil production...Reuters
Wed, Jun 11
CORRECTED-New Texas wastewater rules could boost costs for oil producers
New wastewater permitting rules to raise costs for Texas producersWater disposal costs to rise 20-30% in Delaware formation - B3 InsightsCostly new infrastructure, permit delays to hit small operators mostBy Georgina McCartney HOUSTON, June 10 (Reuters) - New guidelines on permitting for wastewat...Reuters
Wed, Jun 11
