News
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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
Maritime agency warns shipping industry over rising Middle East tensions
Increased ME tensions may impact shipping, says maritime agencyUS set for talks with Iran over its nuclear programmeUKMTO advises vessels to use caution when passing through GulfBy Jonathan Saul LONDON, June 11 (Reuters) - Increased tensions in the Middle East may lead to an escalation in mil...Reuters
Wed, Jun 11
AB Foods holds off bioethanol plant closure decision until June 25
Says Hull plant will stop buying wheatWill hold off on all other closure decisionsWants UK government to provide supportWarns "time is very limited" to save plantBy James Davey LONDON, June 11 (Reuters) - Associated British Foods ABF.L will hold off deciding the fate of its under threat V...Reuters
Wed, Jun 11
Platinum surges, palladium lags on narrow demand profile
Platinum hits highest level since February 2021Palladium's gains limited by narrow demand base, analysts sayChina's EV sales up 32% year-on-year in AprilBy Anushree Mukherjee and Kavya Balaraman June 11 (Reuters) - Platinum and palladium prices have both rallied this month, notching a mor...Reuters
Wed, Jun 11
METALS-Chinese demand concerns and trade tensions weigh on copper
By Ashitha Shivaprasad June 11 (Reuters) - Copper prices fell on Wednesday as a weakening demand outlook in China dominated sentiment while the country's trade talks with the United States did little to ease concern over their tariff disputes. Three-month copper CMCU3 on the London Metal Ex...Reuters
Wed, Jun 11
Euronext wheat hovers near lows
PARIS/HAMBURG, June 11 (Reuters) - Euronext wheat consolidated near contract lows on Wednesday as a favourable harvest outlook and weak export prospects hung over the market, traders said.Reluctance to sell among both farmers unhappy at current prices and investors, who already have a large short po...Reuters
Wed, Jun 11
US-loaded ethane vessel heads to India after China export curbs
By Arathy Somasekhar HOUSTON, June 11 (Reuters) - An ethane tanker that loaded in the United States headed to India on Wednesday, ship tracking data showed, after Washington required U.S. exporters to seek licenses to ship the shale gas to top buyer China. Around half of all U.S. ethane exports h...Reuters
Wed, Jun 11
WTI Oil prices rally on US-China trade optimism and declining inventories
West Texas Intermediate (WTI) crude oil is rallying on Wednesday, climbing more than 2% intraday as markets react positively to renewed momentum in US–China trade negotiations and a larger-than-expected drop in US crude inventories.
Fxstreet
Wed, Jun 11
MEG Energy's Christina Lake project in Alberta ramping up to full operations after wildfires
June 11 (Reuters) - Oil and gas producer MEG Energy MEG.TO said on Wednesday its Christina Lake regional project in Alberta was ramping up to full operations, following recent regional wildfires south of the facility.The company said it has safely returned all personnel to the Christina Lake site an...Reuters
Wed, Jun 11
Developers to add 18.7 GW of natural gas-fired capacity by 2028, EIA says
June 11 (Reuters) - Developers plan to add 18.7 gigawatts (GW) of combined-cycle capacity to the U.S. power grid by 2028, following minimal additions in the previous year, the Energy Information Administration said on Wednesday. About 4.3 GW is already under construction, according to the EIA. Most...Reuters
Wed, Jun 11
MEG Energy's Christina Lake project in Alberta ramping up to full operations after wildfires
June 11 (Reuters) - Oil and gas producer MEG Energy MEG.TO said on Wednesday its Christina Lake regional project in Alberta was ramping up to full operations, following recent regional wildfires south of the facility.Reuters
Wed, Jun 11
Colorado State continues to forecast 4 major hurricanes in 2025
HOUSTON, June 11 (Reuters) - Colorado State University meteorologists said on Wednesday their forecast for the 2025 Atlantic hurricanes season, which began on June 1, was unchanged from their release in April. The outlook continues to expect four major hurricanes, with sustained winds of 111 miles p...Reuters
Wed, Jun 11
Trump administration set to announce rollback of power plant rules, sources say
By Valerie Volcovici WASHINGTON, June 11 (Reuters) - The U.S. Environmental Protection Agency will announce on Wednesday the rollback of Biden-administration rules meant to curb carbon dioxide, mercury and other air pollutant emissions from power plants, following through on a promise the agency ...Reuters
Wed, Jun 11
US judge extends Citgo auction's schedule, moves final hearing to August
Auction's winner must be recommended by July 2Once confirmed, winner will need approval by the US Treasury Judge Stark still on course to finalize proceedings by late Q3 By Marianna Parraga HOUSTON, June 11 (Reuters) - A U.S. judge in Delaware has extended the schedule for a court-organized a...Reuters
Wed, Jun 11
China's Copper ore imports are falling from record highs – Commerzbank
China's export growth slowed more sharply than most analysts had expected in May. Apparently, the 90-day moratorium on most tariffs has not been as effective as anticipated, Commerzbank's commodity analyst Carsten Fritsch notes.Fxstreet
Wed, Jun 11
US refiner crude oil input rose last week to highest since 2019, EIA says
NEW YORK, June 11 (Reuters) - U.S. refiner net input of crude oil rose 228,000-barrels-per-day (bpd) last week to 17.34 million bpd, the highest since December 2019, data from the Energy Information Administration showed on Wednesday.The surge came as refiners in the U.S. Gulf Coast hub cranked up t...Reuters
Wed, Jun 11
CANADA RESEARCH ROUNDUP-Boyd, Nexus Industrial, Western Copper and Gold
June 11 (Reuters) - Securities analysts revised their ratings and price targets on several Canadian companies including Boyd Group Services ,Nexus Industrial and Western Copper and Gold on Wednesday. HIGHLIGHTS * Boyd Group Services Inc BYD.TO: Stephens initiates coverage with overweight rating * ...Reuters
Wed, Jun 11
